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Condensed Consolidating Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidating Balance Sheet | The accounting basis in all subsidiaries, including goodwill and identified intangible assets, have been allocated to the applicable subsidiaries.
Condensed Consolidating Balance Sheet
December 31, 2017
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 320 |  |  | $ | 391,248 |  |  | $ | 167,215 |  |  | $ | — |  |  | $ | 558,783 |
Accounts receivable, trade | — |  |  | 581,270 |  |  | 194,621 |  |  | — |  |  | 775,891 |
Current portion of program rights, net | — |  |  | 304,149 |  |  | 149,301 |  |  | — |  |  | 453,450 |
Prepaid expenses, other current assets and intercompany receivable | 3,760 |  |  | 183,815 |  |  | 8,540 |  |  | (104,389 | ) |  | 91,726 |
Total current assets | 4,080 |  |  | 1,460,482 |  |  | 519,677 |  |  | (104,389 | ) |  | 1,879,850 |
Property and equipment, net | — |  |  | 136,032 |  |  | 47,482 |  |  | — |  |  | 183,514 |
Investment in affiliates | 3,443,013 |  |  | 934,612 |  |  | — |  |  | (4,377,625 | ) |  | — |
Program rights, net | — |  |  | 1,128,021 |  |  | 191,258 |  |  | — |  |  | 1,319,279 |
Long-term intercompany notes receivable | — |  |  | 489,939 |  |  | 436 |  |  | (490,375 | ) |  | — |
Deferred carriage fees, net | — |  |  | 29,346 |  |  | 578 |  |  | — |  |  | 29,924 |
Intangible assets, net | — |  |  | 170,554 |  |  | 286,688 |  |  | — |  |  | 457,242 |
Goodwill | — |  |  | 66,609 |  |  | 628,549 |  |  | — |  |  | 695,158 |
Deferred tax asset, net | — |  |  | — |  |  | 20,081 |  |  | — |  |  | 20,081 |
Other assets | — |  |  | 142,115 |  |  | 305,822 |  |  |  |  | 447,937 |
Total assets | $ | 3,447,093 |  |  | $ | 4,557,710 |  |  | $ | 2,000,571 |  |  | $ | (4,972,389 | ) |  | $ | 5,032,985 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 350 |  |  | $ | 50,282 |  |  | $ | 51,565 |  |  | $ | — |  |  | $ | 102,197 |
Accrued liabilities and intercompany payable | 51,692 |  |  | 179,003 |  |  | 136,770 |  |  | (104,389 | ) |  | 263,076 |
Current portion of program rights obligations | — |  |  | 262,004 |  |  | 65,545 |  |  | — |  |  | 327,549 |
Deferred revenue | — |  |  | 27,530 |  |  | 18,903 |  |  | — |  |  | 46,433 |
Current portion of capital lease obligations | — |  |  | 2,939 |  |  | 1,908 |  |  | — |  |  | 4,847 |
Total current liabilities | 52,042 |  |  | 521,758 |  |  | 274,691 |  |  | (104,389 | ) |  | 744,102 |
Program rights obligations | — |  |  | 511,996 |  |  | 22,984 |  |  | — |  |  | 534,980 |
Long-term debt, net | 3,099,257 |  |  | — |  |  | — |  |  | — |  |  | 3,099,257 |
Capital lease obligations | — |  |  | 3,745 |  |  | 22,532 |  |  | — |  |  | 26,277 |
Deferred tax liability, net | 114,717 |  |  | — |  |  | (5,019 | ) |  | — |  |  | 109,698 |
Other liabilities and intercompany notes payable | 46,133 |  |  | 77,198 |  |  | 503,166 |  |  | (490,375 | ) |  | 136,122 |
Total liabilities | 3,312,149 |  |  | 1,114,697 |  |  | 818,354 |  |  | (594,764 | ) |  | 4,650,436 |
Commitments and contingencies |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interests | — |  |  | — |  |  | 218,604 |  |  | — |  |  | 218,604 |
Stockholders' equity: |  |  |  |  |  |  |  |  |
AMC Networks stockholders' equity | 134,944 |  |  | 3,443,013 |  |  | 934,612 |  |  | (4,377,625 | ) |  | 134,944 |
Non-redeemable noncontrolling interests | — |  |  | — |  |  | 29,001 |  |  | — |  |  | 29,001 |
Total stockholders' equity | 134,944 |  |  | 3,443,013 |  |  | 963,613 |  |  | (4,377,625 | ) |  | 163,945 |
Total liabilities and stockholders' equity | $ | 3,447,093 |  |  | $ | 4,557,710 |  |  | $ | 2,000,571 |  |  | $ | (4,972,389 | ) |  | $ | 5,032,985 |
Condensed Consolidating Balance Sheet
December 31, 2016
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 565 |  |  | $ | 320,950 |  |  | $ | 159,874 |  |  | $ | — |  |  | $ | 481,389 |
Accounts receivable, trade | — |  |  | 538,259 |  |  | 162,904 |  |  | — |  |  | 701,163 |
Current portion of program rights, net | — |  |  | 307,050 |  |  | 134,080 |  |  | — |  |  | 441,130 |
Prepaid expenses, other current assets and intercompany receivable | 948 |  |  | 151,175 |  |  | 15,961 |  |  | (95,423 | ) |  | 72,661 |
Total current assets | 1,513 |  |  | 1,317,434 |  |  | 472,819 |  |  | (95,423 | ) |  | 1,696,343 |
Property and equipment, net | — |  |  | 104,272 |  |  | 62,364 |  |  | — |  |  | 166,636 |
Investment in affiliates | 3,029,922 |  |  | 784,024 |  |  | — |  |  | (3,813,946 | ) |  | — |
Program rights, net | — |  |  | 947,657 |  |  | 160,929 |  |  | — |  |  | 1,108,586 |
Long-term intercompany notes receivable | — |  |  | 432,099 |  |  | 817 |  |  | (432,916 | ) |  | — |
Deferred carriage fees, net | — |  |  | 42,656 |  |  | 1,230 |  |  | — |  |  | 43,886 |
Intangible assets, net | — |  |  | 180,297 |  |  | 305,512 |  |  | — |  |  | 485,809 |
Goodwill | — |  |  | 69,154 |  |  | 588,554 |  |  | — |  |  | 657,708 |
Deferred tax asset, net | — |  |  | — |  |  | 8,598 |  |  | — |  |  | 8,598 |
Other assets | 1,471 |  |  | 116,608 |  |  | 194,950 |  |  | — |  |  | 313,029 |
Total assets | $ | 3,032,906 |  |  | $ | 3,994,201 |  |  | $ | 1,795,773 |  |  | $ | (4,342,285 | ) |  | $ | 4,480,595 |
LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 40,033 |  |  | $ | 48,644 |  |  | $ | — |  |  | $ | 88,677 |
Accrued liabilities and intercompany payable | 71,680 |  |  | 182,667 |  |  | 125,505 |  |  | (95,423 | ) |  | 284,429 |
Current portion of program rights obligations | — |  |  | 226,474 |  |  | 74,371 |  |  | — |  |  | 300,845 |
Deferred revenue | — |  |  | 42,782 |  |  | 10,861 |  |  | — |  |  | 53,643 |
Current portion of long-term debt | 222,000 |  |  | — |  |  | — |  |  | — |  |  | 222,000 |
Current portion of capital lease obligations | — |  |  | 2,645 |  |  | 1,939 |  |  | — |  |  | 4,584 |
Total current liabilities | 293,680 |  |  | 494,601 |  |  | 261,320 |  |  | (95,423 | ) |  | 954,178 |
Program rights obligations | — |  |  | 365,262 |  |  | 32,913 |  |  | — |  |  | 398,175 |
Long-term debt, net | 2,597,263 |  |  | — |  |  | — |  |  | — |  |  | 2,597,263 |
Capital lease obligations | — |  |  | 6,647 |  |  | 28,635 |  |  | — |  |  | 35,282 |
Deferred tax liability, net | 145,364 |  |  | — |  |  | 427 |  |  | — |  |  | 145,791 |
Other liabilities and intercompany notes payable | 26,681 |  |  | 97,769 |  |  | 440,685 |  |  | (432,916 | ) |  | 132,219 |
Total liabilities | 3,062,988 |  |  | 964,279 |  |  | 763,980 |  |  | (528,339 | ) |  | 4,262,908 |
Commitments and contingencies |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interests | — |  |  | — |  |  | 219,331 |  |  | — |  |  | 219,331 |
Stockholders' deficiency: |  |  |  |  |  |  |  |  |
AMC Networks stockholders' (deficiency) equity | (30,082 | ) |  | 3,029,922 |  |  | 784,024 |  |  | (3,813,946 | ) |  | (30,082 | )
Non-redeemable noncontrolling interests | — |  |  | — |  |  | 28,438 |  |  | — |  |  | 28,438 |
Total stockholders' (deficiency) equity | (30,082 | ) |  | 3,029,922 |  |  | 812,462 |  |  | (3,813,946 | ) |  | (1,644 | )
Total liabilities and stockholders' equity | $ | 3,032,906 |  |  | $ | 3,994,201 |  |  | $ | 1,795,773 |  |  | $ | (4,342,285 | ) |  | $ | 4,480,595 |
Condensed Consolidating Income Statement |
Condensed Consolidating Statement of Income
Year Ended December 31, 2017
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues, net | $ | — |  |  | $ | 2,182,867 |  |  | $ | 637,823 |  |  | $ | (14,999 | ) |  | $ | 2,805,691 |
Operating expenses: |  |  |  |  |  |  |  |  |
Technical and operating (excluding depreciation and amortization) | — |  |  | 991,476 |  |  | 352,788 |  |  | (3,188 | ) |  | 1,341,076 |
Selling, general and administrative | — |  |  | 447,118 |  |  | 178,332 |  |  | (12,108 | ) |  | 613,342 |
Depreciation and amortization | — |  |  | 40,923 |  |  | 53,715 |  |  | — |  |  | 94,638 |
Impairment and related charges | — |  |  | — |  |  | 28,148 |  |  | — |  |  | 28,148 |
Restructuring expense | — |  |  | 2,566 |  |  | 3,562 |  |  | — |  |  | 6,128 |
Total operating expenses | — |  |  | 1,482,083 |  |  | 616,545 |  |  | (15,296 | ) |  | 2,083,332 |
Operating income | — |  |  | 700,784 |  |  | 21,278 |  |  | 297 |  |  | 722,359 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense, net | (129,971 | ) |  | 41,934 |  |  | (31,260 | ) |  | — |  |  | (119,297 | )
Share of affiliates' income (loss) | 748,430 |  |  | 13,360 |  |  | — |  |  | (761,790 | ) |  | — |
Loss on extinguishment of debt | (3,004 | ) |  | — |  |  | — |  |  | — |  |  | (3,004 | )
Miscellaneous, net | (1,530 | ) |  | 2,484 |  |  | 39,663 |  |  | (297 | ) |  | 40,320 |
Total other income (expense) | 613,925 |  |  | 57,778 |  |  | 8,403 |  |  | (762,087 | ) |  | (81,981 | )
Income from operations before income taxes | 613,925 |  |  | 758,562 |  |  | 29,681 |  |  | (761,790 | ) |  | 640,378 |
Income tax (expense) benefit | (142,609 | ) |  | (10,132 | ) |  | 2,000 |  |  | — |  |  | (150,741 | )
Net income including noncontrolling interests | 471,316 |  |  | 748,430 |  |  | 31,681 |  |  | (761,790 | ) |  | 489,637 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (18,321 | ) |  | — |  |  | (18,321 | )
Net income attributable to AMC Networks' stockholders | $ | 471,316 |  |  | $ | 748,430 |  |  | $ | 13,360 |  |  | $ | (761,790 | ) |  | $ | 471,316 |
Condensed Consolidating Statement of Income
Year Ended December 31, 2016
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues, net | $ | — |  |  | $ | 2,142,325 |  |  | $ | 623,892 |  |  | $ | (10,563 | ) |  | $ | 2,755,654 |
Operating expenses: |  |  |  |  |  |  |  |  |
Technical and operating (excluding depreciation and amortization) | — |  |  | 947,707 |  |  | 334,888 |  |  | (2,611 | ) |  | 1,279,984 |
Selling, general and administrative | — |  |  | 460,150 |  |  | 183,597 |  |  | (7,719 | ) |  | 636,028 |
Depreciation and amortization | — |  |  | 40,230 |  |  | 44,548 |  |  | — |  |  | 84,778 |
Impairment and related charges | — |  |  | — |  |  | 67,805 |  |  | — |  |  | 67,805 |
Restructuring expense | — |  |  | 24,950 |  |  | 4,553 |  |  | — |  |  | 29,503 |
Total operating expenses | — |  |  | 1,473,037 |  |  | 635,391 |  |  | (10,330 | ) |  | 2,098,098 |
Operating income (loss) | — |  |  | 669,288 |  |  | (11,499 | ) |  | (233 | ) |  | 657,556 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense, net | (119,192 | ) |  | 38,137 |  |  | (37,513 | ) |  | — |  |  | (118,568 | )
Share of affiliates' income (loss) | 591,395 |  |  | (103,464 | ) |  | — |  |  | (487,931 | ) |  | — |
Loss on extinguishment of debt | (50,639 | ) |  | — |  |  | — |  |  | — |  |  | (50,639 | )
Miscellaneous, net | (273 | ) |  | (2,892 | ) |  | (30,592 | ) |  | 233 |  |  | (33,524 | )
Total other income (expense) | 421,291 |  |  | (68,219 | ) |  | (68,105 | ) |  | (487,698 | ) |  | (202,731 | )
Income (loss) from operations before income taxes | 421,291 |  |  | 601,069 |  |  | (79,604 | ) |  | (487,931 | ) |  | 454,825 |
Income tax expense | (150,781 | ) |  | (9,674 | ) |  | (4,407 | ) |  | — |  |  | (164,862 | )
Net income (loss) including noncontrolling interests | 270,510 |  |  | 591,395 |  |  | (84,011 | ) |  | (487,931 | ) |  | 289,963 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (19,453 | ) |  | — |  |  | (19,453 | )
Net income (loss) attributable to AMC Networks' stockholders | $ | 270,510 |  |  | $ | 591,395 |  |  | $ | (103,464 | ) |  | $ | (487,931 | ) |  | $ | 270,510 |
Condensed Consolidating Statement of Comprehensive Income |
Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2017
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income including noncontrolling interest | $ | 471,316 |  |  | $ | 748,430 |  |  | $ | 31,681 |  |  | $ | (761,790 | ) |  | $ | 489,637 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | 76,023 |  |  | — |  |  | 76,023 |  |  | (76,023 | ) |  | 76,023 |
Unrealized loss on interest rate swaps | (35 | ) |  | — |  |  | — |  |  | — |  |  | (35 | )
Unrealized gain on available for sale securities | 5,398 |  |  | — |  |  | — |  |  | — |  |  | 5,398 |
Other comprehensive income, before income taxes | 81,386 |  |  | — |  |  | 76,023 |  |  | (76,023 | ) |  | 81,386 |
Income tax expense | (1,974 | ) |  | — |  |  | — |  |  | — |  |  | (1,974 | )
Other comprehensive income, net of income taxes | 79,412 |  |  | — |  |  | 76,023 |  |  | (76,023 | ) |  | 79,412 |
Comprehensive income | 550,728 |  |  | 748,430 |  |  | 107,704 |  |  | (837,813 | ) |  | 569,049 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (21,430 | ) |  | — |  |  | (21,430 | )
Comprehensive income attributable to AMC Networks' stockholders | $ | 550,728 |  |  | $ | 748,430 |  |  | $ | 86,274 |  |  | $ | (837,813 | ) |  | $ | 547,619 |
Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2016
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) including noncontrolling interest | $ | 270,510 |  |  | $ | 591,395 |  |  | $ | (84,011 | ) |  | $ | (487,931 | ) |  | $ | 289,963 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | (45,426 | ) |  | — |  |  | (45,426 | ) |  | 45,426 |  |  | (45,426 | )
Unrealized gain on interest rate swaps | 22 |  |  | — |  |  | — |  |  | — |  |  | 22 |
Other comprehensive loss, before income taxes | (45,404 | ) |  | — |  |  | (45,426 | ) |  | 45,426 |  |  | (45,404 | )
Income tax expense | (12,337 | ) |  | — |  |  | — |  |  | — |  |  | (12,337 | )
Other comprehensive (loss) income, net of income taxes | (57,741 | ) |  | — |  |  | (45,426 | ) |  | 45,426 |  |  | (57,741 | )
Comprehensive income (loss) | 212,769 |  |  | 591,395 |  |  | (129,437 | ) |  | (442,505 | ) |  | 232,222 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (16,491 | ) |  | — |  |  | (16,491 | )
Comprehensive income (loss) attributable to AMC Networks' stockholders | $ | 212,769 |  |  | $ | 591,395 |  |  | $ | (145,928 | ) |  | $ | (442,505 | ) |  | $ | 215,731 |
Condensed Consolidating Cash Flow Statement |
Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2017
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 454,539 |  |  | $ | 662,123 |  |  | $ | 31,157 |  |  | $ | (762,090 | ) |  | $ | 385,729 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (63,925 | ) |  | (16,124 | ) |  | — |  |  | (80,049 | )
Return of capital from investees | — |  |  | 1,868 |  |  | 579 |  |  | — |  |  | 2,447 |
Investments in and loans to investees | — |  |  | — |  |  | (53,000 | ) |  | — |  |  | (53,000 | )
(Increase) decrease to investment in affiliates | (282,424 | ) |  | (2,234,682 | ) |  | 2,082,401 |  |  | 434,705 |  |  | — |
Net cash used in investing activities | (282,424 | ) |  | (2,296,739 | ) |  | 2,013,856 |  |  | 434,705 |  |  | (130,602 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from the issuance of long-term debt | 1,536,000 |  |  | — |  |  | — |  |  | — |  |  | 1,536,000 |
Repayment of long-term debt | (1,257,965 | ) |  | — |  |  | — |  |  | — |  |  | (1,257,965 | )
Payments for financing costs | (10,405 | ) |  | — |  |  | — |  |  | — |  |  | (10,405 | )
Deemed repurchases of restricted stock/units | (14,496 | ) |  | — |  |  | — |  |  | — |  |  | (14,496 | )
Purchase of treasury stock | (434,210 | ) |  | — |  |  | — |  |  | — |  |  | (434,210 | )
Principal payments on capital lease obligations | — |  |  | (2,725 | ) |  | (1,848 | ) |  | — |  |  | (4,573 | )
Distributions to noncontrolling interest | — |  |  | — |  |  | (18,561 | ) |  | — |  |  | (18,561 | )
Net cash used in financing activities | (181,076 | ) |  | (2,725 | ) |  | (20,409 | ) |  | — |  |  | (204,210 | )
Net (decrease) increase in cash and cash equivalents from operations | (8,961 | ) |  | (1,637,341 | ) |  | 2,024,604 |  |  | (327,385 | ) |  | 50,917 |
Effect of exchange rate changes on cash and cash equivalents | 8,716 |  |  | 1,707,639 |  |  | (2,017,263 | ) |  | 327,385 |  |  | 26,477 |
Cash and cash equivalents at beginning of period | 565 |  |  | 320,950 |  |  | 159,874 |  |  | — |  |  | 481,389 |
Cash and cash equivalents at end of period | $ | 320 |  |  | $ | 391,248 |  |  | $ | 167,215 |  |  | $ | — |  |  | $ | 558,783 |
Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2016
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 401,179 |  |  | $ | 548,381 |  |  | $ | 55,450 |  |  | $ | (490,685 | ) |  | $ | 514,325 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (42,064 | ) |  | (37,156 | ) |  | — |  |  | (79,220 | )
Payments for acquisitions, net of cash acquired | — |  |  | — |  |  | (354 | ) |  | — |  |  | (354 | )
Investments in and loans to investees | — |  |  | — |  |  | (95,000 | ) |  | — |  |  | (95,000 | )
(Increase) decrease to investment in affiliates | (159,533 | ) |  | (69,231 | ) |  | — |  |  | 228,764 |  |  | — |
Net cash used in investing activities | (159,533 | ) |  | (111,295 | ) |  | (132,510 | ) |  | 228,764 |  |  | (174,574 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from the issuance of long-term debt | 982,500 |  |  | — |  |  | — |  |  | — |  |  | 982,500 |
Repayment of long-term debt | (848,000 | ) |  | — |  |  | — |  |  | — |  |  | (848,000 | )
Premium and fees paid on extinguishment of debt | (40,954 | ) |  | — |  |  | — |  |  | — |  |  | (40,954 | )
Payments for financing costs | (2,070 | ) |  | — |  |  | — |  |  | — |  |  | (2,070 | )
Deemed repurchases of restricted stock/units | (10,822 | ) |  | — |  |  | — |  |  | — |  |  | (10,822 | )
Purchase of treasury stock | (223,237 | ) |  | — |  |  | — |  |  | — |  |  | (223,237 | )
Proceeds from stock option exercises | 1,228 |  |  | — |  |  | — |  |  | — |  |  | 1,228 |
Excess tax benefits from share-based compensation arrangements | 789 |  |  | — |  |  | — |  |  | — |  |  | 789 |
Principal payments on capital lease obligations | — |  |  | (2,475 | ) |  | (1,813 | ) |  | — |  |  | (4,288 | )
Distributions to noncontrolling interest | — |  |  | — |  |  | (9,010 | ) |  | — |  |  | (9,010 | )
Net cash used in financing activities | (140,566 | ) |  | (2,475 | ) |  | (10,823 | ) |  | — |  |  | (153,864 | )
Net increase (decrease) in cash and cash equivalents from operations | 101,080 |  |  | 434,611 |  |  | (87,883 | ) |  | (261,921 | ) |  | 185,887 |
Effect of exchange rate changes on cash and cash equivalents | (100,949 | ) |  | (261,921 | ) |  | 80,130 |  |  | 261,921 |  |  | (20,819 | )
Cash and cash equivalents at beginning of period | 434 |  |  | 148,260 |  |  | 167,627 |  |  | — |  |  | 316,321 |
Cash and cash equivalents at end of period | $ | 565 |  |  | $ | 320,950 |  |  | $ | 159,874 |  |  | $ | — |  |  | $ | 481,389 |

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