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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net Income (Loss) $ 562,149 $ 452,725 $ 343,096
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
Depreciation 478,984 465,072 447,562
Amortization (includes amortization of deferred financing costs and discounts of $18,044, $16,548 and $17,376 in 2022, 2021 and 2020, respectively) 266,655 231,898 221,883
Intangible impairments 0 0 23,000
Revenue reduction associated with amortization of customer inducements and data center above- and below-market leases 8,119 8,852 9,878
Stock-based compensation expense 56,861 61,001 37,674
(Benefit) provision for deferred income taxes (55,920) 28,703 (12,986)
Loss on early extinguishment of debt 671 0 68,300
(Gain) loss on disposal/write-down of property, plant and equipment, net (93,268) (172,041) (363,537)
Loss (gain) on divestments and deconsolidations 105,825 (178,983) 0
Gain associated with the remeasurement of the Deferred Purchase Obligation (93,600) 0 0
Gain associated with Clutter Transaction (35,821) 0 0
Foreign currency transactions and other, net (20,524) (6,656) 78,437
(Increase) decrease in assets (224,641) (174,206) (15,443)
(Decrease) increase in liabilities (27,795) 42,537 149,793
Cash Flows from Operating Activities 927,695 758,902 987,657
Cash Flows from Investing Activities:      
Capital expenditures (875,378) (611,082) (438,263)
Cash paid for acquisitions, net of cash acquired (803,690) (203,998) (118,581)
Acquisition of customer relationships (2,143) (5,892) (4,346)
Customer inducements (6,062) (7,402) (10,644)
Contract fulfillment costs (70,336) (58,524) (60,020)
Net proceeds from IPM Divestment 0 213,878 0
Investments in joint ventures and other investments (73,233) (78,623) (18,250)
Proceeds from sales of property and equipment and other, net 170,419 278,330 564,664
Cash Flows from Investing Activities (1,660,423) (473,313) (85,440)
Cash Flows from Financing Activities:      
Repayment of revolving credit facility, term loan facilities and other debt (11,593,452) (5,164,483) (8,604,394)
Proceeds from revolving credit facility, term loan facilities and other debt 12,949,766 4,972,214 7,939,458
Early redemption of senior subordinated and senior notes, including call premiums 0 0 (2,942,554)
Net proceeds from sales of senior notes 0 737,812 3,465,000
Debt financing and equity contribution from noncontrolling interests 29,172 0 0
Debt repayment and equity distribution to noncontrolling interests (2,953) (2,450) (2,765)
Repurchase of noncontrolling interest (4,519) (75,000) 0
Parent cash dividends (724,388) (718,340) (716,290)
Net (payments) proceeds associated with employee stock-based awards (4,849) 25,860 321
Other, net (9,570) 3,581 (25,475)
Cash Flows from Financing Activities 639,207 (220,806) (886,699)
Effect of Exchange Rates on Cash and Cash Equivalents (20,510) (14,018) (4,010)
(Decrease) increase in Cash and Cash Equivalents (114,031) 50,765 11,508
Cash and cash equivalents, including Restricted Cash, beginning of year 255,828 205,063 193,555
Cash and cash equivalents, including Restricted Cash, end of year 141,797 255,828 205,063
Supplemental Information:      
Cash Paid for Interest 482,673 428,111 390,332
Cash Paid for Income Taxes, Net 99,631 130,292 43,468
Non-Cash Investing and Financing Activities:      
Financing Leases 49,836 50,552 55,782
Accrued Capital Expenditures 172,589 88,210 91,528
Deferred Purchase Obligations 193,033 0 0
Dividends Payable $ 194,272 $ 190,559 $ 187,867