XML 20 R9.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net income $ 113,342 $ 120,435
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 126,037 122,277
Amortization of debt issuance costs 9,696 8,926
Equity-based compensation expense 16,258 14,322
Deferred income taxes 41,803 5,150
Debt extinguishment costs 3,271  
Loss on impairment 20,239  
Other 810 4,444
Change in operating assets and liabilities:    
Accounts receivable, net 5,392 (32,956)
Other current assets (3,809) (3,912)
Other assets 316 530
Accounts payable and other accrued liabilities 90,752 (35,610)
Accrued salaries and benefits 16,477 4,813
Other liabilities 31,656 5,110
Net cash provided by operating activities 472,240 213,529
Investing activities:    
Cash paid for acquisitions, net of cash acquired   (44,900)
Cash paid for capital expenditures (195,834) (202,722)
Cash paid for real estate acquisitions (5,595) (6,976)
Proceeds from sale of property and equipment 2,509 13,470
Settlement of foreign currency derivatives   105,008
Other (10,734) (1,072)
Net cash used in investing activities (209,654) (137,192)
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) (76,573)
Principal payments on long-term debt (31,863) (24,738)
Repayment of long-term debt (450,000)  
Payment of debt issuance costs (11,220)  
Common stock withheld for minimum statutory taxes, net (1,311) (1,498)
Distributions to noncontrolling interests (653)  
Other (3,517) (5,923)
Net cash used in financing activities (48,564) (32,159)
Effect of exchange rate changes on cash 488 (1,788)
Net increase in cash and cash equivalents 214,510 42,390
Cash and cash equivalents at beginning of the period 124,192 50,510
Cash and cash equivalents at end of the period 338,702 92,900
Effect of acquisitions:    
Assets acquired, excluding cash 20,300 48,594
Liabilities assumed (53) (3,694)
Redeemable noncontrolling interest resulting from an acquisition $ (20,247)  
Cash paid for acquisitions, net of cash acquired   $ 44,900