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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 63,757 $ 496,714 $ 150,668
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 233,400 258,303 228,737
Amortization of financing costs and discounts 2,692 26,090 28,476
Non-cash operating lease costs 13,412 1,485 17,686
Share-based compensation 26,601 25,248 24,006
Provision (benefit) for credit losses on accounts receivable (255) 8,738 13,283
Deferred income taxes, net (12,991) (13,433) 5,840
(Gain) loss on extinguishment of debt (11,505) 14,024 37,969
Loss (gain) on sale of businesses 0 21,798 (17,122)
Goodwill impairment on business 27,369 32,629 0
Changes in fair value of contingent consideration (2,575) (1,223) (80)
Loss (income) from equity method investments, net 7,730 (35,845) 11,338
Unrealized loss (gain) on short-term investments held at the reporting date 7,145 (298,490) 0
Loss on investments, net 46,743 16,677 20,991
Other 945 13,180 (22,690)
Decrease (increase) in:      
Accounts receivable 14,948 (18,050) (31,611)
Prepaid expenses and other current assets 9,665 (15,650) 3,046
Operating lease right-of-use assets 3,739 15,267 8,711
Other assets (19,979) (3,824) (3)
Increase (decrease) in:      
Accounts payable and accrued expenses (includes $0, $17,635 and $0 with related parties) (37,569) 22,262 2,184
Income taxes payable 17,323 (21,783) 6,489
Deferred revenue (20,962) 14,282 4,720
Operating lease liabilities (27,131) (30,581) (25,150)
Liability for uncertain tax positions (2,167) (10,383) 9,391
Other long-term liabilities (3,891) (899) 3,200
Net cash provided by operating activities 336,444 516,536 480,079
Cash flows from investing activities:      
Proceeds on sale of available-for-sale investments 0 663 0
Investment in available-for-sale securities (15,000) 0 0
Distribution from equity method investment 0 15,327 0
Purchases of equity method investment 0 (23,249) (31,937)
Purchase of equity investments 0 (999) (1,246)
Proceeds from sale of equity investments 4,527 14,330 0
Purchases of property and equipment (106,154) (113,740) (92,552)
Proceeds from sale of assets 0 0 507
Acquisition of businesses, net of cash received (104,094) (141,146) (482,227)
Proceeds from sale of businesses, net of cash divested 0 48,876 24,353
Purchases of intangible assets (50) (78) (3,118)
Proceeds from divestiture of discontinued operations 0 259,104 0
Net cash (used in) provided by investing activities (220,771) 59,088 (586,220)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 0 0 750,000
Payment of note payable 0 0 (400)
Proceeds from bridge loan 0 485,000 0
Debt issuance cost 0 0 (7,272)
Payment of debt (166,904) (512,388) (650,000)
Debt extinguishment costs (includes reimbursement of $0, $7,500 and $0 with related parties) (756) (1,096) (29,250)
Proceeds from term loan 112,286 0 0
Repurchase of common stock (78,291) (78,327) (275,654)
Issuance of common stock under employee stock purchase plan 9,431 9,231 7,382
Proceeds from exercise of stock options 148 2,939 1,619
Deferred payments for acquisitions (16,116) (14,387) (29,180)
Other (630) (4,060) (1,878)
Net cash used in financing activities (140,832) (113,088) (234,633)
Effect of exchange rate changes on cash and cash equivalents (16,890) (10,346) 7,811
Net change in cash and cash equivalents (42,049) 452,190 (332,963)
Cash and cash equivalents at beginning of year 694,842 242,652 575,615
Cash and cash equivalents at beginning of year associated with discontinued operations 0 66,210 51,141
Cash and cash equivalents at beginning of year associated with continuing operations 694,842 176,442 524,474
Cash and cash equivalents at end of year 652,793 694,842 242,652
Cash and cash equivalents at end of year associated with discontinued operations 0 0 66,210
Cash and cash equivalents at end of year associated with continuing operations $ 652,793 $ 694,842 $ 176,442