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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 387,887 $ 357,221
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, accretion, and amortization 544,909 524,541
Gain on remeasurement of U.S. denominated intercompany loans (38,752) (8,501)
Non-cash compensation expense 65,830 74,140
Non-cash asset impairment and decommission costs 81,067 25,202
Deferred and non-cash income tax (benefit) provision (1,462) 15,532
Other non-cash items reflected in the Statements of Operations 61,331 55,013
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts, net 58,673 (33,895)
Prepaid expenses and other assets (23,501) (31,446)
Operating lease right-of-use assets, net 111,310 104,771
Accounts payable and accrued expenses (18,257) 13,062
Accrued interest (23,767) (23,982)
Long-term lease liabilities (103,815) (96,092)
Other liabilities 10,329 21,500
Net cash provided by operating activities 1,111,782 997,066
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions (92,851) (418,721)
Capital expenditures (173,976) (148,348)
Purchase of investments (1,005,143) (506,581)
Proceeds from sale of investments 1,005,003 482,835
Other investing activities (94,909) (496)
Net cash used in investing activities (361,876) (591,311)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under Revolving Credit Facility 190,000 330,000
Repayments under Revolving Credit Facility (540,000) (270,000)
Repurchase and retirement of common stock (53,652) (431,666)
Payment of dividends on common stock (278,201) (230,102)
Proceeds from employee stock purchase/stock option plans 21,058 33,745
Payments related to taxes on stock options and restricted stock units (27,472) (9,905)
Other financing activities (17,397) 11,860
Net cash used in financing activities (705,664) (566,068)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,441) 4,561
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 42,801 (155,752)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:    
Beginning of period 189,283 435,626
End of period 232,084 279,874
Cash paid during the period for:    
Interest 325,799 277,219
Income taxes 20,290 18,848
SUPPLEMENTAL CASH FLOW INFORMATION OF NON-CASH ACTIVITIES:    
Right-of-use assets obtained in exchange for new operating lease liabilities 46,909 137,126
Operating lease modifications and reassessments 15,680 36,181
Right-of-use assets obtained in exchange for new finance lease liabilities $ 1,954 $ 3,701