XML 30 R8.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net income (loss) $ 16,233 $ 77,025
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Depreciation 162,441 143,633
Amortization (includes amortization of deferred financing costs and discounts of $7,856 and $6,100 for the three months ended March 31, 2025 and 2024, respectively) 77,569 72,022
Revenue reduction associated with amortization of customer inducements and above- and below-market leases 1,317 1,321
Stock-based compensation expense 26,094 14,039
(Benefit) provision for deferred income taxes (6,408) 1,125
Loss (gain) on disposal/write-down of property, plant and equipment, net 5,571 389
Foreign currency transactions and other, net 20,557 (5,091)
(Increase) decrease in assets (56,083) (29,738)
(Decrease) increase in liabilities (49,992) (144,687)
Cash Flows from Operating Activities 197,299 130,038
Cash Flows from Investing Activities:    
Capital expenditures (674,767) (381,145)
Cash paid for acquisitions, net of cash acquired (35,066) (122,479)
Acquisition of customer intangibles (8,925) (2,286)
Contract costs (31,450) (25,304)
Investments in joint ventures and other investments, net (16,748) 0
Proceeds from sales of property and equipment and other, net 190 5,605
Cash Flows from Investing Activities (766,766) (525,609)
Cash Flows from Financing Activities:    
Repayment of revolving credit facility, term loan facilities and other debt (2,281,353) (1,730,252)
Proceeds from revolving credit facility, term loan facilities and other debt 3,390,322 2,479,378
Equity distribution to noncontrolling interests (2,758) (499)
Parent cash dividends (223,479) (198,013)
Payment of deferred purchase obligations and other deferred payments (240,217) (158,677)
Net (payments) proceeds associated with employee stock-based awards (63,747) (29,498)
Other, net 64 (340)
Cash Flows from Financing Activities 578,832 362,099
Effect of Exchange Rates on Cash and Cash Equivalents (9,743) 2,338
(Decrease) Increase in Cash and Cash Equivalents (378) (31,134)
Cash and Cash Equivalents, Beginning of Period 155,716 222,789
Cash and Cash Equivalents, End of Period 155,338 191,655
Supplemental Information:    
Cash Paid for Interest 267,214 274,796
Cash Paid for Income Taxes, Net 27,751 18,613
Non-Cash Investing and Financing Activities:    
Financing Leases and Other 52,284 38,082
Accrued Capital Expenditures 321,234 210,255
Deferred Purchase Obligations and Other Deferred Payments 2,880 133,713
Dividends Payable $ 240,450 $ 198,875