XML 25 R7.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 781,643 $ 1,211,762 $ 994,677
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
Depreciation and amortization 732,602 680,615 630,435
Debt prepayment, refinancing and redemption charges 0 0 86,957
Stock-based compensation expense 95,427 102,209 91,458
Deferred income taxes (75,669) 60,483 240,848
Equity investment income, net 8,773 5,215 13,830
Loss on sales of business interests, net 0 0 24,248
Other non-cash charges, net 21,693 11,231 747
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:      
Accounts receivable (148,394) (138,140) (21,087)
Inventories (757) 5,720 (12,349)
Other receivables and prepaid and other current assets 27,533 128,661 (79,277)
Other long-term assets (50,549) (26,387) (6,123)
Accounts payable 87,481 (30,320) 37,200
Accrued compensation and benefits 34,536 (16,717) (20,931)
Other current liabilities 89,955 (93,645) 105,637
Income taxes (24,103) 36,921 (87,391)
Other long-term liabilities (15,601) (6,732) (19,851)
Net Cash Provided by (Used in) Operating Activities, Total 1,564,570 1,930,876 1,979,028
Cash flows from investing activities:      
Additions of property and equipment (603,429) (641,465) (674,541)
Acquisitions (57,308) (187,050) (182,013)
Proceeds from asset and business sales 117,582 61,464 50,139
Purchase of debt investments held-to-maturity (129,803) (30,849) (150,701)
Purchase of other debt and equity investments (3,590) (2,987) (3,757)
Proceeds from debt investments held-to-maturity 71,125 15,849 151,213
Proceeds from sale of other debt and equity investments 3,781 12,030 3,491
Purchase of equity method investments (31,885) (13,924) (22,341)
Distributions from equity method investments 3,962 2,944 3,139
Payments to Acquire Other Investments (782) (745) 0
Net Cash Provided by (Used in) Investing Activities, Total (630,347) (784,733) (825,371)
Cash flows from financing activities:      
Borrowings 2,393,116 1,615,370 4,046,775
Payments on long-term debt (2,404,395) (861,115) (4,110,304)
Deferred financing and debt redemption costs (3) (9,091) (105,848)
Purchase of treasury stock (802,228) (1,538,626) (1,458,442)
Distributions to noncontrolling interests (267,946) (244,033) (253,118)
Net (payments) receipts related to stock purchases and awards (37,367) (60,001) (975)
Contributions from noncontrolling interests 14,797 31,754 42,966
Proceeds from sales of additional noncontrolling interests 3,673 2,880 0
Purchases of noncontrolling interests (20,775) (20,104) (7,831)
Net cash used in financing activities (1,121,128) (1,082,966) (1,846,777)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (29,066) (10,007) (13,808)
Less: Net increase (decrease) in cash, cash equivalents and restricted cash (215,971) 53,170 (706,928)
Cash, cash equivalents and restricted cash of continuing operations at beginning of the year 554,960 501,790 1,208,718
Cash, cash equivalents and restricted cash of continuing operations at end of the year $ 338,989 $ 554,960 $ 501,790