v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 363,935 $ 224,561
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 767,166 706,184
Stock-based compensation 194,634 172,685
Amortization of intangible assets 101,444 105,074
Amortization of debt issuance costs and debt discounts and premiums 8,740 8,370
Provision for credit loss allowance 4,198 5,751
Loss on asset sales 1,724 1,265
(Gain) loss on debt extinguishment (109) 115,518
Other items 8,288 17,545
Changes in operating assets and liabilities:    
Accounts receivable (127,029) (57,329)
Income taxes, net (19,782) (65,935)
Other assets 10,259 (57,280)
Operating lease right-of-use assets 74,239 61,775
Operating lease liabilities (66,372) (100,328)
Accounts payable and accrued expenses (20,852) (57,201)
Other liabilities 82,221 (90,300)
Net cash provided by operating activities 1,382,704 990,355
Cash flows from investing activities:    
Purchases of investments (87,022) (25,001)
Sales of investments 22,073 4,057
Business acquisitions, net of cash and restricted cash acquired (883,668) 0
Real estate acquisitions (33,331) (87,637)
Purchases of other property, plant and equipment (897,348) (1,255,830)
Proceeds from sale of assets, net of cash transferred 251,415 0
Net cash used in investing activities (1,627,881) (1,364,411)
Cash flows from financing activities:    
Proceeds from employee equity awards 43,876 40,034
Payment of dividends (572,717) (521,092)
Proceeds from public offering of common stock, net of issuance costs 0 99,599
Proceeds from senior notes, net of debt discounts 1,193,688 3,878,662
Proceeds from mortgage and loans payable 676,850 0
Repayments of finance lease liabilities (69,556) (98,877)
Repayments of mortgage and loans payable (561,032) (696,059)
Repayment of senior notes 0 (1,990,650)
Debt extinguishment costs 0 (99,185)
Debt issuance costs (17,731) (25,102)
Net cash provided by financing activities 693,378 587,330
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (96,536) (17,054)
Net increase in cash, cash equivalents and restricted cash 351,665 196,220
Cash, cash equivalents and restricted cash at beginning of period 1,549,454 1,625,695
Cash, cash equivalents and restricted cash at end of period 1,901,119 1,821,915
Cash and cash equivalents 1,891,311 1,799,727
Current portion of restricted cash included in other current assets 8,943 12,994
Non-current portion of restricted cash included in other assets 865 9,194
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 1,901,119 $ 1,821,915

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