Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 207,073 $ 172,440
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 76,704 67,627
Non-cash interest expense, net of amortization of premium 2,104 2,054
Provision for doubtful accounts 14,044 13,055
Amortization of deferred income related to equity method investment (694) (694)
Gain on unconsolidated entity investments, net (3,014) (6,274)
Dividend received from unconsolidated entity investment 3,606 3,386
Share-based payment expense 29,446 23,693
Deferred income taxes 107,505 101,980
Changes in operating assets and liabilities:    
Receivables (25,363) (6,443)
Inventory 3,391 540
Related party, net (503) (3,310)
Prepaid expenses and other current assets (7,930) (18,545)
Other long-term assets 1,691 (956)
Accounts payable and accrued expenses (99,707) (18,239)
Accrued interest (32,746) (1,773)
Deferred revenue 27,937 30,473
Other long-term liabilities 5,781 3,172
Net cash provided by operating activities 309,325 362,186
Cash flows from investing activities:    
Additions to property and equipment (53,365) (30,171)
Purchases of restricted and other investments (7,021) (3,798)
Net cash used in investing activities (60,386) (33,969)
Cash flows from financing activities:    
Taxes paid in lieu of shares issued for stock-based compensation (15,609) (1,354)
Net proceeds from revolving credit facility 140,000 260,000
Principal payments of long-term borrowings (3,669) (2,299)
Common stock repurchased and retired (305,975) (594,450)
Dividends paid (47,137) 0
Net cash used in financing activities (232,390) (338,103)
Net increase (decrease) in cash and cash equivalents 16,549 (9,886)
Cash and cash equivalents at beginning of period 213,939 111,838
Cash and cash equivalents at end of period 230,488 101,952
Cash paid during the period for:    
Interest, net of amounts capitalized 110,655 76,315
Income taxes paid 6,215 5,755
Non-cash investing and financing activities:    
Capital lease obligations incurred to acquire assets 0 6,647
Treasury stock not yet settled $ 15,488 $ 17,757