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
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net income $ 375,091 $ 350,119
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 202,527 200,021
Non-cash interest expense, net of amortization of premium 5,851 16,515
Provision for doubtful accounts 34,031 32,875
Amortization of deferred income related to equity method investment (2,082) (2,081)
Gain on unconsolidated entity investments, net 0 (2,677)
Dividend received from unconsolidated entity investment 11,260 12,873
Loss on change in value of derivatives 0 34,485
Share-based payment expense 62,334 57,832
Deferred income taxes 285,478 244,667
Other non-cash purchase price adjustments (1,394) (2,836)
Changes in operating assets and liabilities:    
Receivables (50,651) (46,756)
Inventory (7,346) (10,487)
Related party, net (14,020) (2,256)
Prepaid expenses and other current assets (70,758) (16,319)
Other long-term assets (51,842) 1,784
Accounts payable and accrued expenses 26,584 (36,861)
Accrued interest 14,923 33,899
Deferred revenue 81,626 25,225
Other long-term liabilities (658) (1,854)
Net cash provided by operating activities 900,954 888,168
Cash flows from investing activities:    
Additions to property and equipment (90,943) (87,244)
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 (94,909) (61,922)
Cash flows from financing activities:    
Proceeds from exercise of stock options 259 331
Taxes paid in lieu of shares issued for stock-based compensation (39,622) (24,781)
Proceeds from long-term borrowings and revolving credit facility, net of costs 1,579,323 2,151,205
Repayment of long-term borrowings and revolving credit facility (693,456) (993,772)
Common stock repurchased and retired (1,647,728) (1,990,449)
Net cash used in financing activities (801,224) (857,466)
Net increase (decrease) in cash and cash equivalents 4,821 (31,220)
Cash and cash equivalents at beginning of period 147,724 134,805
Cash and cash equivalents at end of period 152,545 103,585
Cash paid during the period for:    
Interest, net of amounts capitalized 192,927 138,388
Non-cash investing and financing activities:    
Capital lease obligations incurred to acquire assets 7,487 719
Treasury stock not yet settled 25,104 15,565
Conversion of 7% Exchangeable Notes to common stock, net of debt issuance and deferred financing costs 0 6
Purchase price accounting adjustments to goodwill $ 0 $ 1,698