XML 22 R9.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
Operating activities:      
Net income (loss) $ 280,033 $ 195,562 $ (669,199)
Adjustments to reconcile net income (loss) to net cash provided by continuing operating activities:      
Depreciation and amortization 117,769 106,717 95,256
Amortization of debt issuance costs 3,261 4,071 12,636
Equity-based compensation expense 29,635 37,530 22,504
Deferred income taxes 16,545 11,772 53,108
Loss from discontinued operations, net of taxes   12,641 812,390
Debt extinguishment costs   24,650 7,233
Loss on impairment   24,293 4,751
Other 2,680 491 1,041
Change in operating assets and liabilities, net of effect of acquisitions:      
Accounts receivable, net (41,978) 2,448 15,340
Other current assets (17,626) 1,968 9,675
Other assets 2,252 (10,770) 1,519
Accounts payable and other accrued liabilities 5,174 6,164 41,910
Accrued salaries and benefits 6,804 9,755 (10,001)
Other liabilities 15,090 (14,940) 18,082
Government relief funds (39,070) (38,128) 86,599
Net cash provided by continuing operating activities 380,569 374,224 502,844
Net cash provided by discontinued operating activities   253 155,963
Net cash provided by operating activities 380,569 374,477 658,807
Investing activities:      
Cash paid for acquisitions, net of cash acquired (9,507) (139,015)  
Cash paid for capital expenditures (296,149) (244,811) (224,964)
Proceeds from U.K. Sale   1,511,020  
Settlement of foreign currency derivatives   (84,795)  
Proceeds from sale of property and equipment 7,074 3,493 92
Cash paid for purchase of finance lease   (31,401)  
Other (7,248) (1,394) (13,365)
Net cash (used in) provided by continuing investing activities (305,830) 1,013,097 (238,237)
Net cash used in discontinued investing activities     (43,602)
Net cash (used in) provided by investing activities (305,830) 1,013,097 (281,839)
Financing activities:      
Borrowings on long-term debt   425,000 925,000
Borrowings on revolving credit facility   500,000 100,000
Principal payments on revolving credit facility (95,000) (330,000) (100,000)
Principal payments on long-term debt (18,594) (7,969) (41,291)
Repayment of long-term debt   (2,227,935) (909,785)
Payment of debt issuance costs   (7,964) (18,295)
Repurchase of shares for payroll tax withholding, net of proceeds from stock option exercises (6,179) 16,295 184
Contributions from noncontrolling partners in joint ventures 15,362 4,536  
Distributions to noncontrolling partners in joint ventures (1,004) (1,588) (916)
Acquisition of ownership interests from noncontrolling partners (5,540)    
Other 52 (6,900) (3,146)
Net cash used in continuing financing activities (110,903) (1,636,525) (48,249)
Net cash used in discontinued financing activities     (3,250)
Net cash used in financing activities (110,903) (1,636,525) (51,499)
Effect of exchange rate changes on cash   4,067 4,087
Net (decrease) increase in cash and cash equivalents, including cash classified within current assets held for sale (36,164) (244,884) 329,556
Less: cash classified within current assets held for sale     (75,051)
Net (decrease) increase in cash and cash equivalents (36,164) (244,884) 254,505
Cash and cash equivalents at beginning of the period 133,813 378,697 124,192
Cash and cash equivalents at end of the period 97,649 133,813 378,697
Supplemental Cash Flow Information:      
Cash paid for interest 65,687 93,669 137,578
Cash paid (received) for income taxes 86,195 79,304 (16,486)
Effect of acquisitions:      
Assets acquired, excluding cash 10,756 176,365 20,200
Liabilities assumed (1,249) (37,350) (53)
Redeemable noncontrolling interest resulting from an acquisition     $ (20,147)
Cash paid for acquisitions, net of cash acquired $ 9,507 $ 139,015