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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities:    
Net income $ 79,753 $ 169,505
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 80,324 46,035
Deferred income taxes (8,261) 4,621
Other operating activities, net (1,763) 10,876
Changes in assets and liabilities    
Increase (Decrease) in Accounts Receivable (3,584) 122,903
Increase (Decrease) in Accounts and Other Receivables 14,702 (15,450)
Inventories, net 77,681 (1,500)
Prepaid expenses and other current assets (26,655) (20,720)
Accounts payable 80,489 46,902
Accrued payroll and benefit costs 25,872 (36,055)
Other current and noncurrent liabilities 122,616 4,453
Net cash provided by operating activities 418,938 116,664
Investing Activities:    
Capital expenditures (42,562) (30,323)
Payments to Acquire Businesses, Gross (3,707,575) (27,742)
Other investing activities 26,240 4,575
Net cash used in investing activities (3,723,897) (53,490)
Financing Activities:    
Proceeds from (Repayments of) Short-term Debt (9,824) (29,600)
Proceeds from issuance of long-term debt 4,661,830 1,105,397
Repayments of Long-term Debt (1,045,667) (927,410)
Payments for Repurchase of Common Stock (2,032) (152,735)
Payments of Debt Issuance Costs (79,945) (2,508)
Payments of Dividends (15,787) 0
Other financing activities, net (1,255) (11,226)
Net cash used in financing activities 3,507,320 (18,082)
Effect of exchange rate on cash and cash equivalents (1,014) (3,275)
Cash and cash equivalents at the beginning of period 150,902 96,343
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 201,347 41,817
Cash and cash equivalents at the end of period 352,249 138,160
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 36,035 38,347
Income Taxes Paid 44,994 54,044
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 80,626 $ 48,622