XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Statement of Cash Flows [Abstract]    
Net (loss) income $ (73,698) $ 240,125
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 93,470 82,253
Share-based compensation 14,500 15,949
Unrealized foreign exchange loss, net 17,679 7,880
Deferred income taxes (5,011) 13,313
Goodwill and acquired intangible assets impairment 106,021
Loss on early retirement of debt 9,831
Accretion of convertible debt discount and amortization of debt issuance costs 13,996 13,385
Changes in working capital, net of amounts acquired:    
Income taxes payable, net (26,625) 15,363
Trade accounts receivable 232,380 4,719
Prepaid expenses and other current assets (25,917) (26,292)
Trade accounts payable (127,291) (62,078)
Deferred revenue (4,540) 5
Accrued expenses and other current liabilities 25,110 58,559
Changes in noncurrent assets and liabilities (19,658) (8,633)
Net cash provided by operating activities 220,416 364,379
Cash flows from investing activities:    
Acquisitions, net of cash acquired (451) 1
Purchases of property and equipment (71,396) (100,443)
Purchases of other long-term assets (5,968) (7,276)
Other, net 742 3,317
Net cash used in investing activities (77,073) (104,401)
Cash flows from financing activities:    
Proceeds from issuance of shares 6,564 8,297
Repurchase of shares (240,838) (37,260)
Borrowings from revolving credit agreements 2,018,600 2,365,698
Repayments of revolving credit agreements (2,018,600) (2,580,871)
Proceeds from long-term debt obligations 1,194,900
Repayments of long-term debt obligations (446,702)
Net borrowing from short-term debt obligations (5,032) (18,793)
Debt issuance costs (18,810)
Other, net (4,763) (4,827)
Net cash (used in) provided by financing activities (244,069) 461,632
Effect of exchange rate changes on cash and cash equivalents and restricted cash 32,042 (57,807)
(Decrease) increase in cash and cash equivalents and restricted cash (68,684) 663,803
Cash and cash equivalents and restricted cash at beginning of period 1,817,379 1,130,952
Cash and cash equivalents and restricted cash at end of period 1,748,695 1,794,755
Supplemental disclosure of cash flow information:    
Interest paid during the period 16,653 10,614
Income taxes paid during the period $ 50,300 $ 55,025