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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities      
Net income $ 577,952 $ 620,023 $ 639,377
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 276,639 256,780 258,179
Amortization of debt financing costs and discounts on debt 7,591 7,761 8,551
Non-cash operating lease expense 87,687 78,811 65,204
Non-cash expected credit loss (income) on note receivable 0 (34,371) (35,100)
Share-based compensation expense 29,666 32,379 34,066
Deferred income taxes 58,145 (29,842) 51,030
Non-cash impairment of assets 10,500 107,837 40,775
Gain on sale of assets 0 0 (13,407)
Loss on early extinguishments and modifications of debt 0 0 19,815
Other operating activities 9,116 1,665 9,517
Changes in operating assets and liabilities, excluding the impact of acquisitions:      
Accounts receivable, net 5,964 (28,810) (16,761)
Inventories (543) 1,481 (2,083)
Prepaid expenses and other current assets 3,088 (10,369) (8,476)
Income taxes (receivable) payable, net (26,497) (950) (2,951)
Other assets, net 800 1,307 (7,857)
Accounts payable and accrued liabilities 6,344 (10,345) 891
Operating lease liabilities (87,687) (78,811) (65,204)
Other liabilities (1,690) (30) 545
Net cash provided by operating activities 957,075 914,516 976,111
Cash Flows from Investing Activities      
Capital expenditures (400,400) (373,950) (269,155)
Cash paid for acquisitions, net of cash received (30,266) 0 (167,862)
Payments received on note receivable 208 113,555 0
Insurance proceeds received from hurricane losses 0 0 586
Proceeds received from disposition of assets 0 0 21,953
Other investing activities (3,454) (3,935) (7,834)
Net cash used in investing activities (433,912) (264,330) (422,312)
Cash Flows from Financing Activities      
Borrowings under credit facilities 1,764,300 1,505,800 2,122,100
Payments under credit facilities (1,510,300) (1,647,300) (1,802,197)
Retirements of senior notes 0 0 (300,000)
Premium fees 0 0 (12,939)
Debt financing costs 0 0 (16,682)
Share-based compensation activities (14,818) (19,312) (15,082)
Shares repurchased and retired (685,850) (412,655) (541,642)
Dividends paid (62,661) (63,609) (48,162)
Other financing activities (172) (172) (1,248)
Net cash used in financing activities (509,501) (637,248) (615,852)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (228) (73) (10)
Change in cash, cash equivalents and restricted cash 13,434 12,865 (62,063)
Cash, cash equivalents and restricted cash, beginning of year 307,930 295,065 357,128
Cash, cash equivalents and restricted cash, end of year 321,364 307,930 295,065
Supplemental Disclosure of Cash Flow Information      
Cash paid for interest, net of amounts capitalized 173,177 166,682 144,020
Cash received for interest 213 11,999 0
Cash paid for income taxes 144,512 164,482 140,924
Supplemental Schedule of Non-cash Investing and Financing Activities      
Payables incurred for capital expenditures 27,220 23,509 7,348
Dividends declared not yet paid 14,665 15,508 15,476
Operating lease right-of-use asset and liability remeasurements 0 0 (11,224)
Expected credit loss (income) on note receivable $ 0 $ (34,371) $ (35,100)