v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 575,674 $ 376,587
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,145,485 1,074,761
Stock-based compensation 296,464 267,395
Amortization of intangible assets 153,317 155,428
Amortization of debt issuance costs and debt discounts and premiums 13,273 12,760
Provision for credit loss allowance 5,534 7,604
Loss on asset sales 3,976 (14,149)
(Gain) loss on debt extinguishment (184) 115,339
Other items 18,964 22,377
Changes in operating assets and liabilities:    
Accounts receivable (97,206) (111,313)
Income taxes, net 9,874 (44,200)
Other assets (145,376) (124,573)
Operating lease right-of-use assets 112,923 102,728
Operating lease liabilities (98,245) (137,751)
Accounts payable and accrued expenses 83,089 9,968
Other liabilities 125,431 (57,860)
Net cash provided by operating activities 2,202,993 1,655,101
Cash flows from investing activities:    
Purchases of investments (109,420) (77,139)
Sales of investments 22,073 4,057
Business acquisitions, net of cash and restricted cash acquired (964,010) (158,498)
Real estate acquisitions (39,899) (194,849)
Purchases of other property, plant and equipment (1,450,077) (1,934,107)
Proceeds from sale of assets, net of cash transferred 249,906 174,494
Net cash used in investing activities (2,291,427) (2,186,042)
Cash flows from financing activities:    
Proceeds from employee equity awards 81,543 77,628
Payment of dividends (863,886) (783,454)
Proceeds from public offering of common stock, net of issuance costs 796,018 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 (97,808) (130,129)
Repayments of mortgage and loans payable (586,227) (706,426)
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 1,182,447 320,943
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (135,599) (24,139)
Net increase in cash, cash equivalents and restricted cash 958,414 (234,137)
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 2,507,868 1,391,558
Cash and cash equivalents 2,500,816 1,379,100
Current portion of restricted cash included in other current assets 2,529 11,567
Non-current portion of restricted cash included in other assets 4,523 891
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 2,507,868 $ 1,391,558

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