Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.4.0.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 171,339 $ 105,692
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 67,627 65,027
Non-cash interest expense, net of amortization of premium 2,054 1,852
Provision for doubtful accounts 13,055 10,885
Amortization of deferred income related to equity method investment (694) (694)
Gain on unconsolidated entity investments, net (6,274) 0
Dividend received from unconsolidated entity investment 3,386 3,778
Share-based payment expense 23,693 19,417
Deferred income taxes 103,081 136,294
Other non-cash purchase price adjustments 0 (836)
Changes in operating assets and liabilities:    
Receivables (6,443) (9,727)
Inventory 540 (3,540)
Related party, net (3,310) 695
Prepaid expenses and other current assets (18,545) (19,102)
Other long-term assets (956) 215
Accounts payable and accrued expenses (18,239) (27,918)
Accrued interest (1,773) (12,690)
Deferred revenue 30,473 40,304
Other long-term liabilities 3,172 377
Net cash provided by operating activities 362,186 310,029
Cash flows from investing activities:    
Additions to property and equipment (30,171) (29,831)
Purchases of restricted and other investments (3,798) (3,966)
Net cash used in investing activities (33,969) (33,797)
Cash flows from financing activities:    
Taxes paid in lieu of shares issued for stock-based compensation (1,354) (12,711)
Proceeds from long-term borrowings and revolving credit facility, net of costs 330,000 1,263,745
Repayment of long-term borrowings and revolving credit facility (72,299) (657,731)
Common stock repurchased and retired (594,450) (535,216)
Net cash (used in) provided by financing activities (338,103) 58,087
Net (decrease) increase in cash and cash equivalents (9,886) 334,319
Cash and cash equivalents at beginning of period 111,838 147,724
Cash and cash equivalents at end of period 101,952 482,043
Cash paid during the period for:    
Interest 76,315 76,302
Non-cash investing and financing activities:    
Capital lease obligations incurred to acquire assets 6,647 0
Treasury stock not yet settled $ 17,757 $ 24,858