Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 541,306 $ 375,091
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 202,215 202,527
Non-cash interest expense, net of amortization of premium 6,571 5,851
Provision for doubtful accounts 39,629 34,031
Amortization of deferred income related to equity method investment (2,082) (2,082)
Gain on unconsolidated entity investments, net (9,725) 0
Dividend received from unconsolidated entity investment 7,160 11,260
Loss on disposal of assets 12,912 0
Share-based payment expense 77,890 62,334
Deferred income taxes 308,613 285,478
Other non-cash purchase price adjustments 0 (1,394)
Changes in operating assets and liabilities:    
Receivables (38,266) (50,651)
Inventory (5,735) (7,346)
Related party, net (2,373) (14,020)
Prepaid expenses and other current assets (15,985) (70,758)
Other long-term assets 26,668 (51,842)
Accounts payable and accrued expenses (1,841) 26,584
Accrued interest 16,715 14,923
Deferred revenue 52,421 81,626
Other long-term liabilities 11 (658)
Net cash provided by operating activities 1,216,104 900,954
Cash flows from investing activities:    
Additions to property and equipment (132,246) (90,943)
Purchases of restricted and other investments (4,168) (3,966)
Net cash used in investing activities (136,414) (94,909)
Cash flows from financing activities:    
Proceeds from exercise of stock options 348 259
Taxes paid in lieu of shares issued for stock-based compensation (32,603) (39,622)
Proceeds from long-term borrowings and revolving credit facility, net of costs 1,387,257 1,579,323
Repayment of long-term borrowings and revolving credit facility (748,864) (693,456)
Common stock repurchased and retired (1,225,284) (1,647,728)
Net cash used in financing activities (619,146) (801,224)
Net increase in cash and cash equivalents 460,544 4,821
Cash and cash equivalents at beginning of period 111,838 147,724
Cash and cash equivalents at end of period 572,382 152,545
Cash paid during the period for:    
Interest, net of amounts capitalized 222,110 192,927
Income taxes paid 15,857 8,163
Non-cash investing and financing activities:    
Capital lease obligations incurred to acquire assets 6,647 7,487
Treasury stock not yet settled $ 12,526 $ 25,104