XML 114 R9.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:      
Net Income (Loss) $ 452,725 $ 343,096 $ 268,315
(Income) loss from discontinued operations 0 0 (104)
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
Depreciation 465,072 447,562 456,323
Amortization (includes amortization of deferred financing costs and discounts of $16,548, $17,376 and $16,740 in 2021, 2020 and 2019, respectively) 231,898 221,883 218,618
Intangible impairments 0 23,000 0
Revenue reduction associated with amortization of permanent withdrawal fees and data center above- and below-market leases 8,852 9,878 13,703
Stock-based compensation expense 61,001 37,674 35,654
Provision (benefit) for deferred income taxes 28,703 (12,986) (624)
Loss on early extinguishment of debt 0 68,300 0
Gain on IPM Divestment (as defined in Note 4) (178,983) 0 0
(Gain) loss on disposal/write-down of property, plant and equipment, net (172,041) (363,537) (63,824)
Foreign currency transactions and other, net (6,656) 78,437 29,838
(Increase) decrease in assets (174,206) (15,443) 5,404
Increase (decrease) in liabilities 42,537 149,793 3,352
Cash Flows from Operating Activities-Continuing Operations 758,902 987,657 966,655
Cash Flows from Operating Activities-Discontinued Operations 0 0 0
Cash Flows from Operating Activities 758,902 987,657 966,655
Cash Flows from Investing Activities:      
Capital expenditures (611,082) (438,263) (692,983)
Cash paid for acquisitions, net of cash acquired (203,998) (118,581) (58,237)
Acquisition of customer relationships (5,892) (4,346) (46,105)
Customer inducements (7,402) (10,644) (9,371)
Contract fulfillment costs and third party commissions (58,524) (60,020) (76,171)
Net proceeds from IPM Divestment 213,878 0 0
Investments in Joint Ventures and other investments (78,623) (18,250) (19,222)
Proceeds from sales of property and equipment and other, net (including real estate) 278,330 564,664 166,143
Cash Flows from Investing Activities-Continuing Operations (473,313) (85,440) (735,946)
Cash Flows from Investing Activities-Discontinued Operations 0 0 5,061
Cash Flows from Investing Activities (473,313) (85,440) (730,885)
Cash Flows from Financing Activities:      
Repayment of revolving credit facilities, term loan facilities and other debt (5,164,483) (8,604,394) (14,535,115)
Proceeds from revolving credit facilities, term loan facilities and other debt 4,972,214 7,939,458 14,059,818
Early redemption of senior subordinated and senior notes, including call premiums 0 (2,942,554) 0
Net proceeds from sales of senior notes 737,812 3,465,000 987,500
Debt repayment and equity distribution to noncontrolling interests (2,450) (2,765) (1,924)
Purchase of noncontrolling interest (75,000) 0 0
Parent cash dividends (718,340) (716,290) (704,526)
Net proceeds (payments) associated with employee stock-based awards 25,860 321 1,027
Debt financing costs and other, net 3,581    
Debt financing costs and other, net   (25,475) (5,753)
Cash Flows from Financing Activities-Continuing Operations (220,806) (886,699) (198,973)
Cash Flows from Financing Activities-Discontinued Operations 0 0 0
Cash Flows from Financing Activities (220,806) (886,699) (198,973)
Effect of Exchange Rates on Cash and Cash Equivalents (14,018) (4,010) (8,727)
Increase (decrease) in Cash and Cash Equivalents 50,765 11,508 28,070
Cash and cash equivalents, including Restricted Cash, beginning of year 205,063 193,555 165,485
Cash and cash equivalents, including Restricted Cash, end of year 255,828 205,063 193,555
Supplemental Information:      
Cash Paid for Interest 428,111 390,332 394,984
Cash Paid for Income Taxes, Net 130,292 43,468 61,691
Non-Cash Investing and Financing Activities:      
Financing Leases 50,552 55,782 32,742
Accrued Capital Expenditures 88,210 91,528 82,345
Accrued Purchase Price and Other Holdbacks 0 0 4,135
Dividends Payable $ 190,559 $ 187,867 $ 186,021