Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 208,541 $ 213,949
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 132,123 135,471
Non-cash interest expense, net of amortization of premium 3,868 10,779
Provision for doubtful accounts 21,919 21,287
Amortization of deferred income related to equity method investment (1,388) (1,388)
Gain on unconsolidated entity investments, net 0 (966)
Dividend received from unconsolidated entity investment 7,677 8,554
Loss on change in value of derivatives 0 34,485
Share-based payment expense 38,941 36,027
Deferred income taxes 177,739 157,965
Other non-cash purchase price adjustments (1,394) (1,890)
Changes in operating assets and liabilities:    
Receivables (41,665) (30,651)
Inventory (5,202) (7,692)
Related party, net (4,117) 2,837
Prepaid expenses and other current assets (44,821) (1,057)
Other long-term assets (62,663) 1,238
Accounts payable and accrued expenses 199,532 (40,098)
Accrued interest 16,803 12,943
Deferred revenue 66,179 44,981
Other long-term liabilities 269 (4,702)
Net cash provided by operating activities 712,341 592,072
Cash flows from investing activities:    
Additions to property and equipment (61,229) (58,417)
Purchases of restricted and other investments (3,966) 0
Acquisition of business, net of cash acquired 0 1,144
Return of capital from investment in unconsolidated entity 0 24,178
Net cash used in investing activities (65,195) (33,095)
Cash flows from financing activities:    
Proceeds from exercise of stock options 0 260
Taxes paid in lieu of shares issued for stock-based compensation (15,420) (7,313)
Proceeds from long-term borrowings and revolving credit facility, net of costs 1,259,346 1,921,230
Repayment of long-term borrowings and revolving credit facility (660,549) (905,815)
Common stock repurchased and retired (1,084,194) (1,532,164)
Net cash used in financing activities (500,817) (523,802)
Net increase in cash and cash equivalents 146,329 35,175
Cash and cash equivalents at beginning of period 147,724 134,805
Cash and cash equivalents at end of period 294,053 169,980
Cash paid during the period for:    
Interest, net of amounts capitalized 118,265 92,068
Non-cash investing and financing activities:    
Capital lease obligations incurred to acquire assets 7,487 719
Treasury stock not yet settled $ 35,795 $ 20,739