Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:        
Net income $ 74,706 $ 64,360 $ 113,317 $ 112,800
Adjustments to reconcile net income to net cash provided by (used in) operating activities—        
Depreciation 50,034 44,650 98,753 87,343
Amortization of intangible assets 10,507 6,494 20,912 13,056
Change in fair value of contingent consideration liabilities (6,279) 0 (6,279) 0
Equity in losses of unconsolidated affiliates 11,798 2,148 25,141 2,751
Amortization of debt issuance costs 288 338 576 678
(Gain) loss on sale of property and equipment 982 (2,007) 1,945 (166)
Foreign currency (gain) loss 582 641 (69) 862
Provision for doubtful accounts 139 61 984 926
Deferred income tax (benefit) provision (2,872) 3,666 13,505 3,630
Non-cash stock-based compensation 13,485 11,557 28,172 23,423
Changes in operating assets and liabilities, net of non-cash transactions 3,150 (127,074) (114,444) (244,174)
Net cash provided by operating activities 156,520 4,834 182,513 1,129
Cash Flows from Investing Activities:        
Capital expenditures (81,784) (58,257) (148,591) (105,281)
Proceeds from sale of property and equipment 7,224 7,543 12,993 12,344
Proceeds from insurance settlements related to property and equipment 365 0 365 597
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired (15,506) (6,108) (46,234) (7,635)
(Investments in) and return of equity from unconsolidated affiliates (731) (9,229) (1,569) (12,954)
Cash received from (paid for) other investments, net 78 615 784 (1,086)
Cash paid for intangible assets (3,000) 0 (3,000) 0
Net cash used in investing activities (93,354) (65,436) (185,252) (114,015)
Cash Flows from Financing Activities:        
Borrowings under credit facility 1,062,445 550,883 2,037,393 1,248,094
Payments under credit facility (1,101,561) (491,943) (1,861,930) (1,123,384)
Payments on other long-term debt (385) (1,354) (731) (2,883)
Borrowings of short-term debt 12,942 0 12,942 0
Payments on short-term debt 0 0 0 (2,783)
Distributions to non-controlling interests (687) (383) (1,667) (1,363)
Payments related to tax withholding for share-based compensation (1,583) (1,613) (14,204) (17,805)
Exercise of stock options 0 0 0 25
Repurchase of common stock (15,993) 0 (189,906) 0
Net cash provided by (used in) financing activities (44,822) 55,590 (18,103) 99,901
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 1,113 88 1,804 1,183
Net increase (decrease) in cash, cash equivalents and restricted cash 19,457 (4,924) (19,038) (11,802)
Cash, cash equivalents and restricted cash, beginning of period 105,280 107,532 143,775 114,410
Cash, cash equivalents and restricted cash, end of period $ 124,737 $ 102,608 $ 124,737 $ 102,608