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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net income $ 75,781 $ 77,712
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 83,125 81,657
Amortization of debt issuance costs 6,382 5,887
Equity-based compensation expense 10,787 10,283
Deferred income taxes 22,045 (205)
Debt extinguishment costs 3,271  
Other (1,152) 2,395
Change in operating assets and liabilities:    
Accounts receivable, net 11,066 (27,669)
Other current assets (8,238) (10,591)
Other assets 2,823 661
Accounts payable and other accrued liabilities 40,923 (11,060)
Accrued salaries and benefits (794) (3,232)
Other liabilities 18,925 2,848
Net cash provided by operating activities 264,944 128,686
Investing activities:    
Cash paid for acquisitions, net of cash acquired   (44,900)
Cash paid for capital expenditures (132,080) (139,128)
Cash paid for real estate acquisitions (4,415) (4,448)
Proceeds from sale of property and equipment 1,412 11,649
Other (4,849) (1,155)
Net cash used in investing activities (139,932) (177,982)
Financing activities:    
Borrowings on long-term debt 450,000  
Borrowings on revolving credit facility 100,000 76,573
Principal payments on revolving credit facility (100,000) (11,573)
Principal payments on long-term debt (21,242) (16,492)
Repayment of long-term debt (450,000)  
Payment of debt issuance costs (10,595)  
Common stock withheld for minimum statutory taxes, net (1,377) (1,615)
Distributions to noncontrolling interests (451)  
Other (2,344) (4,345)
Net cash (used in) provided by financing activities (36,009) 42,548
Effect of exchange rate changes on cash (1,256) (221)
Net increase (decrease) in cash and cash equivalents 87,747 (6,969)
Cash and cash equivalents at beginning of the period 124,192 50,510
Cash and cash equivalents at end of the period $ 211,939 43,541
Effect of acquisitions:    
Assets acquired, excluding cash   48,555
Liabilities assumed   (3,655)
Cash paid for acquisitions, net of cash acquired   $ 44,900