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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ (128) $ 11
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for credit losses 2 2
Impairment of long-lived and intangible assets 29 2
Gain on insurance recovery (23) 0
Depreciation and amortization 430 369
(Gain) loss on extinguishment of debt, net 7 0
Amortization of deferred financing costs and above/below market debt 12 11
Stock-based compensation 11 11
(Gain) loss on foreign currency transactions, net 9 4
Deferred income tax (24) (32)
Other operating activities 10 0
Changes in operating assets and liabilities (excluding effects of acquisitions):    
Accounts receivable (18) 13
Prepaid expenses, other assets, and other long-term liabilities (24) (36)
Inventories (3) (10)
Accounts payable and accrued liabilities and deferred revenue (37) (13)
Right-of-use assets and lease obligations 7 4
Net cash provided by operating activities 260 336
Cash flows from investing activities:    
Acquisitions, net of cash acquired (73) (16)
Deposits on pending acquisitions 0 1
Purchase of property, plant, and equipment (333) (428)
Proceeds from sale of assets 5 9
Other investing activity 3 (20)
Net cash used in investing activities (398) (454)
Cash flows from financing activities:    
Capital contributions, net of equity raise costs 0 142
Distributions to stockholders (89) 0
Distributions to noncontrolling interests (34) (23)
Redemption of redeemable noncontrolling interests (6) 0
Financing fees (44) 0
Proceeds from long-term debt 2,481 0
Repayments of long-term debt and finance leases (3,341) (48)
Payment of deferred and contingent consideration liabilities (16) (33)
Borrowings on revolving line of credit 2,358 479
Repayments on revolving line of credit (1,127) (442)
Redemption of units issued as stock compensation 0 (10)
Redemption of common stock (25) (3)
Other financing activity (13) (8)
Net cash provided by financing activities 144 54
Impact of foreign exchange rates on cash, cash equivalents, and restricted cash (1) 3
Net increase (decrease) in cash, cash equivalents, and restricted cash 5 (61)
Cash, cash equivalents, and restricted cash at the beginning of the period 71 202
Cash, cash equivalents, and restricted cash at the end of the period 76 141
Supplemental disclosures of cash flow information:    
Cash paid for taxes 28 42
Cash paid for interest 319 283
Noncash activities:    
Purchases of property, plant, and equipment in Accounts payable and accrued liabilities 87 58
Accrued distributions to noncontrolling interests 11 11
Net deferred and contingent consideration on acquisitions 0 3
Noncash capital contribution from noncontrolling interests $ 0 $ (2)