v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 968,980 $ 704,577 $ 499,728
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,636,075 1,531,453 1,450,806
Stock-based compensation 407,536 403,983 363,774
Amortization of intangible assets 209,063 204,755 205,484
Amortization of debt issuance costs and debt discounts and premiums 18,718 17,826 17,135
Provision for credit loss allowance 14,835 7,426 10,016
(Gain) loss on asset sales (5,046) 3,976 (10,845)
(Gain) loss on debt extinguishment 35 (327) 115,125
Other items 41,722 63,038 28,717
Changes in operating assets and liabilities:      
Accounts receivable (150,345) (153,415) (1,873)
Income taxes, net 4,107 (7,827) (16,602)
Other assets (145,867) (52,276) (114,268)
Operating lease right-of-use assets 138,704 149,094 140,590
Operating lease liabilities (126,539) (132,831) (177,533)
Accounts payable and accrued expenses 161,300 114,600 64,596
Other liabilities 43,317 109,130 (27,644)
Net cash provided by operating activities 3,216,595 2,963,182 2,547,206
Cash flows from investing activities:      
Purchases of investments (135,881) (144,642) (107,533)
Sales of investments 0 22,073 4,057
Business acquisitions, net of cash and restricted cash acquired 0 (964,010) (158,498)
Real estate acquisitions (384,401) (248,276) (201,837)
Purchases of other property, plant and equipment (2,781,018) (2,278,004) (2,751,512)
Proceeds from sale of assets, net of cash transferred 76,936 249,906 208,585
Net cash used in investing activities (3,224,364) (3,362,953) (3,006,738)
Cash flows from financing activities:      
Proceeds from employee equity awards 86,848 81,543 77,628
Payment of dividends (1,374,168) (1,151,459) (1,042,909)
Proceeds from public offering of common stock, net of issuance costs 733,651 796,018 497,870
Proceeds from senior notes, net of debt discounts 902,092 1,193,688 3,878,662
Proceeds from mortgage and loans payable 0 676,850 0
Repayment of senior notes 0 0 (1,990,650)
Repayments of finance lease liabilities (148,913) (134,202) (165,539)
Proceeds from redeemable non-controlling interest 25,000 0 0
Repayments of mortgage and loans payable (6,132) (587,941) (717,010)
Debt extinguishment costs 0 0 (99,185)
Debt issuance costs (6,932) (17,731) (25,102)
Net cash provided by financing activities 211,446 856,766 413,765
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (15,616) (98,201) (30,474)
Net increase (decrease) in cash, cash equivalents and restricted cash 188,061 358,794 (76,241)
Cash, cash equivalents and restricted cash at beginning of period 1,908,248 1,549,454 1,625,695
Cash, cash equivalents and restricted cash at end of period 2,096,309 1,908,248 1,549,454
Supplemental cash flow information      
Cash paid for taxes, net 152,988 140,312 134,411
Cash paid for interest 471,456 430,217 426,439
Cash and cash equivalents 2,095,712 1,906,421 1,536,358
Current portion of restricted cash included in other current assets 504 1,734 12,188
Non-current portion of restricted cash included in other assets 93 93 908
Total cash, cash equivalents, and restricted cash shown in the consolidated statement of cash flows $ 2,096,309 $ 1,908,248 $ 1,549,454

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