Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 745,933,000 $ 509,724,000 $ 493,241,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 268,979,000 272,214,000 266,423,000
Non-cash interest expense, net of amortization of premium 8,608,000 7,872,000 21,039,000
Provision for doubtful accounts 55,941,000 47,237,000 44,961,000
Amortization of deferred income related to equity method investment (2,772,000) (2,776,000) (2,776,000)
Loss on extinguishment of debt and credit facilities, net 24,229,000 0 0
Gain on unconsolidated entity investments, net (12,529,000) 0 (5,547,000)
Dividend received from unconsolidated entity investment 7,160,000 14,788,000 17,019,000
Loss on disposal of assets 12,912,000 7,384,000 0
Loss on change in value of derivatives 0 0 34,485,000
Share-based payment expense 108,604,000 84,310,000 78,212,000
Deferred income taxes 323,562,000 365,499,000 327,461,000
Other non-cash purchase price adjustments 0 (1,394,000) (3,781,000)
Changes in operating assets and liabilities:      
Receivables (44,188,000) (61,440,000) (72,628,000)
Inventory 1,932,000 (2,898,000) (5,534,000)
Related party, net (3,485,000) (14,953,000) (4,303,000)
Prepaid expenses and other current assets 7,156,000 (67,204,000) (1,195,000)
Other long-term assets 38,835,000 (130,741,000) 3,393,000
Accounts payable and accrued expenses 78,920,000 52,696,000 (17,191,000)
Accrued interest 22,978,000 11,215,000 38,355,000
Deferred revenue 79,404,000 145,242,000 48,645,000
Other long-term liabilities (2,942,000) 7,276,000 (7,035,000)
Net cash provided by operating activities 1,719,237,000 1,244,051,000 1,253,244,000
Cash flows from investing activities:      
Additions to property and equipment (205,829,000) (134,892,000) (121,646,000)
Purchases of restricted and other investments (4,295,000) (3,966,000) 0
Acquisition of business, net of cash acquired 0 0 1,144,000
Return of capital from investment in unconsolidated entity 0 0 24,178,000
Net cash used in investing activities (210,124,000) (138,858,000) (96,324,000)
Cash flows from financing activities:      
Proceeds from exercise of stock options 348,000 260,000 331,000
Taxes paid in lieu of shares issued for stock-based compensation (42,824,000) (54,539,000) (37,318,000)
Proceeds from long-term borrowings and revolving credit facility, net of costs 1,847,143,000 1,728,571,000 2,406,205,000
Payment of premiums on redemption of debt (19,097,000) 0 0
Repayment of long-term borrowings and revolving credit facility (1,470,985,000) (797,117,000) (1,016,420,000)
Common stock repurchased and retired (1,673,518,000) (2,018,254,000) (2,496,799,000)
Dividends paid (48,079,000) 0 0
Net cash used in financing activities (1,407,012,000) (1,141,079,000) (1,144,001,000)
Net increase (decrease) in cash and cash equivalents 102,101,000 (35,886,000) 12,919,000
Cash and cash equivalents at beginning of period 111,838,000 147,724,000 134,805,000
Cash and cash equivalents at end of period 213,939,000 111,838,000 147,724,000
Cash paid during the period for:      
Interest, net of amounts capitalized 292,556,000 269,925,000 199,424,000
Income taxes paid 20,639,000 12,384,000 8,713,000
Non-cash investing and financing activities:      
Capital lease obligations incurred to acquire assets 6,647,000 7,487,000 719,000
Treasury stock not yet settled 22,906,000 23,727,000 26,034,000
Conversion of 7% Exchangeable Notes to common stock, net of debt issuance and deferred financing costs 0 0 502,097,000
Purchase price accounting adjustments to goodwill $ 0 $ 0 $ 1,698,000