XML 31 R8.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income (loss) $ 46,631 $ 64,892
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Depreciation 114,449 113,700
Amortization (includes amortization of deferred financing costs and discounts of $4,127 and $4,513 for the three months ended March 31, 2021 and 2020, respectively) 55,320 53,397
Intangible impairments 0 23,000
Revenue reduction associated with amortization of customer inducements and above- and below-market leases 2,263 2,682
Stock-based compensation expense 10,953 6,527
(Benefit) provision for deferred income taxes (6,315) (107)
(Gain) loss on disposal/write-down of property, plant and equipment, net (4,451) (1,055)
Foreign currency transactions and other, net 9,220 (44,849)
(Increase) decrease in assets (22,154) (45,594)
(Decrease) increase in liabilities (137,087) (47,178)
Cash Flows from Operating Activities 68,829 125,415
Cash Flows from Investing Activities:    
Capital expenditures (145,528) (97,144)
Cash paid for acquisitions, net of cash acquired 0 (118,069)
Acquisition of customer relationships (874) (1,734)
Customer inducements (1,457) (4,328)
Contract fulfillment costs and third-party commissions (16,719) (11,142)
Investments in joint ventures and other investments (6,500) 0
Proceeds from sales of property and equipment and other, net 12,448 1,246
Cash Flows from Investing Activities (158,630) (231,171)
Cash Flows from Financing Activities:    
Repayment of revolving credit facility, term loan facilities and other debt (415,030) (2,581,771)
Proceeds from revolving credit facility, term loan facilities and other debt 625,689 2,850,451
Debt repayment and equity distribution to noncontrolling interests (621) (1,194)
Parent cash dividends (180,992) (181,302)
Net (payments) proceeds associated with employee stock-based awards (4,556) (4,610)
Net proceeds (payments) of debt financing costs and other 5,000 (7,816)
Cash Flows from Financing Activities 29,490 73,758
Effect of Exchange Rates on Cash and Cash Equivalents (5,808) (8,873)
(Decrease) increase in Cash and Cash Equivalents (66,119) (40,871)
Cash and Cash Equivalents, including Restricted Cash, Beginning of Period 205,063 193,555
Cash and Cash Equivalents, including Restricted Cash, End of Period 138,944 152,684
Supplemental Information:    
Cash Paid for Interest 185,558 157,541
Cash Paid for Income Taxes, Net 20,847 14,004
Non-Cash Investing and Financing Activities:    
Financing Leases 4,976 13,061
Accrued Capital Expenditures 59,490 60,761
Fair Value of Investments Applied to Acquisitions 0 27,276
Dividends Payable $ 185,560 $ 184,231