XML 58 R9.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:      
Net income (loss) $ 183,666 $ 187,263 $ 562,149
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
Depreciation 629,296 525,850 478,984
Amortization (includes amortization of deferred financing costs and discounts of $25,580, $16,859 and $18,044 in 2024, 2023 and 2022, respectively) 297,189 267,168 266,655
Revenue reduction associated with amortization of customer inducements and data center above- and below-market leases 5,347 7,036 8,119
Stock-based compensation expense 118,138 73,799 56,861
(Benefit) provision for deferred income taxes (41,415) (35,264) (55,920)
Loss (gain) on disposal/write-down of property, plant and equipment, net 6,196 (12,825) (93,268)
Loss on deconsolidation 0 0 105,825
Loss (gain) associated with the remeasurement of deferred purchase obligations 29,498 0 (93,600)
Loss (gain) associated with the Clutter transactions 0 38,000 (35,821)
Foreign currency transactions and other, net 41,191 103,134 (19,853)
(Increase) decrease in assets (78,282) (70,287) (224,641)
Increase (decrease) in liabilities 5,884 29,693 (27,795)
Cash Flows from Operating Activities 1,196,708 1,113,567 927,695
Cash Flows from Investing Activities:      
Capital expenditures (1,791,564) (1,339,223) (875,378)
Cash paid for acquisitions, net of cash acquired (178,414) (41,849) (803,690)
Acquisition of customer intangibles (62,386) (5,874) (8,205)
Contract costs (112,542) (95,124) (70,336)
Investments in joint ventures and other investments, net (9,834) (15,830) (73,233)
Proceeds from sales of property and equipment and other, net 17,979 53,544 170,419
Cash Flows from Investing Activities (2,136,761) (1,444,356) (1,660,423)
Cash Flows from Financing Activities:      
Repayment of revolving credit facility, term loan facilities and other debt (14,473,019) (18,191,921) (11,593,452)
Proceeds from revolving credit facility, term loan facilities and other debt 14,965,010 18,386,168 12,949,766
Net proceeds from sales of senior notes 1,188,000 990,000 0
Equity contributions from noncontrolling interests 230,814 24,684 29,172
Debt repayment and equity distribution to noncontrolling interests (2,684) (3,855) (2,953)
Repurchase of noncontrolling interest (35,203) (400) (4,519)
Parent cash dividends (789,527) (737,650) (724,388)
Payment of deferred purchase obligations (158,775) 0 0
Net (payments) proceeds associated with employee stock-based awards (12,197) (8,754) (4,849)
Other, net (35,674) (32,606) (9,570)
Cash Flows from Financing Activities 876,745 425,666 639,207
Effect of Exchange Rates on Cash and Cash Equivalents (3,765) (13,885) (20,510)
(Decrease) increase in Cash and Cash Equivalents (67,073) 80,992 (114,031)
Cash and Cash Equivalents, Beginning of Year 222,789 141,797 255,828
Cash and Cash Equivalents, End of Year 155,716 222,789 141,797
Supplemental Information:      
Cash Paid for Interest 770,688 512,446 482,673
Cash Paid for Income Taxes, Net 90,742 89,599 99,631
Non-Cash Investing and Financing Activities:      
Financing Leases and Other 144,498 135,492 49,836
Accrued Capital Expenditures 341,752 234,315 172,589
Deferred Purchase Obligations and Other Deferred Payments 268,861 18,575 193,033
Dividends Payable $ 222,649 $ 202,392 $ 194,272