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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities:        
Net income $ 118,971,000 $ 74,795,000 $ 210,290,000 $ 116,298,000
Adjustments to reconcile net income to net cash provided by operating activities—        
Depreciation 62,757,000 54,526,000 124,864,000 108,936,000
Amortization of intangible assets 21,291,000 17,779,000 42,646,000 35,687,000
Asset impairment charges 2,319,000 0 2,319,000 0
Impairment of cost method investment 0 9,311,000 0 9,311,000
Change in fair value of contingent consideration liabilities (210,000) (2,238,000) (573,000) 520,000
Equity in (earnings) losses of unconsolidated affiliates (8,108,000) 4,784,000 (13,976,000) 7,467,000
Amortization of debt discount and issuance costs 844,000 588,000 1,690,000 1,177,000
Gain on sale of property and equipment (4,872,000) (1,158,000) (9,854,000) (1,972,000)
Provision for credit losses 23,877,000 1,071,000 23,920,000 1,344,000
Deferred income tax provision (benefit) 14,253,000 (5,993,000) 16,747,000 (1,783,000)
Non-cash stock-based compensation 23,923,000 21,980,000 42,610,000 36,892,000
Foreign currency gain (1,054,000) (3,084,000) (1,630,000) (3,437,000)
Payments for contingent consideration liabilities 0 (590,000) 0 (590,000)
Changes in operating assets and liabilities, net of non-cash transactions (65,043,000) 325,708,000 (124,492,000) 415,178,000
Net cash provided by operating activities 188,948,000 497,479,000 314,561,000 725,028,000
Cash Flows from Investing Activities:        
Capital expenditures (74,898,000) (48,148,000) (158,384,000) (116,257,000)
Proceeds from sale of property and equipment 11,447,000 7,826,000 18,670,000 12,616,000
Proceeds from insurance settlements related to property and equipment 273,000 0 280,000 198,000
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired (35,334,000) (1,643,000) (68,112,000) (24,437,000)
Proceeds from disposition of businesses 0 8,387,000 0 10,861,000
Investments in unconsolidated affiliates and other (342,000) (3,068,000) (114,324,000) (8,760,000)
Cash received from investments in unconsolidated affiliates and other entities 2,807,000 32,000 3,017,000 32,000
Cash paid for intangible assets (324,000) 0 (324,000) 0
Net cash used in investing activities (96,371,000) (36,614,000) (319,177,000) (125,747,000)
Cash Flows from Financing Activities:        
Borrowings under credit facility 1,055,583,000 500,727,000 1,884,079,000 1,975,179,000
Payments under credit facility (1,058,022,000) (782,987,000) (1,714,840,000) (1,954,046,000)
Payments of other long-term debt (757,000) (537,000) (1,614,000) (983,000)
Net repayments of short-term debt, net of borrowings 0 (1,620,000) (4,247,000) (4,419,000)
Payments for contingent consideration liabilities 0 (9,410,000) (263,000) (10,399,000)
Distributions to non-controlling interests (4,121,000) (1,962,000) (5,250,000) (3,925,000)
Payments related to tax withholding for stock-based compensation (36,572,000) (7,687,000) (60,493,000) (23,573,000)
Payment of dividends (8,415,000) (7,160,000) (17,213,000) (14,544,000)
Repurchase of common stock (29,449,000) 0 (48,923,000) (200,000,000)
Net cash provided by (used in) financing activities (81,753,000) (310,636,000) 31,236,000 (236,710,000)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 1,276,000 986,000 1,287,000 537,000
Net increase in cash, cash equivalents and restricted cash 12,100,000 151,215,000 27,907,000 363,108,000
Cash, cash equivalents and restricted cash, beginning of period 202,615,000 381,638,000 186,808,000 169,745,000
Cash, cash equivalents and restricted cash, end of period $ 214,715,000 $ 532,853,000 $ 214,715,000 $ 532,853,000