Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 344,354 $ 208,541
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 134,335 132,123
Non-cash interest expense, net of amortization of premium 4,230 3,868
Provision for doubtful accounts 25,707 21,919
Amortization of deferred income related to equity method investment (1,388) (1,388)
Gain on unconsolidated entity investments, net (8,451) 0
Dividend received from unconsolidated entity investment 7,160 7,677
Loss on disposal of assets 12,912 0
Share-based payment expense 47,870 38,941
Deferred income taxes 205,221 177,739
Other non-cash purchase price adjustments 0 (1,394)
Changes in operating assets and liabilities:    
Receivables (16,305) (41,665)
Inventory (3,981) (5,202)
Related party, net (2,191) (4,117)
Prepaid expenses and other current assets (14,052) (44,821)
Other long-term assets 15,081 (62,663)
Accounts payable and accrued expenses (12,869) 199,532
Accrued interest 5,448 16,803
Deferred revenue 49,288 66,179
Other long-term liabilities 1,919 269
Net cash provided by operating activities 794,288 712,341
Cash flows from investing activities:    
Additions to property and equipment (67,172) (61,229)
Purchases of restricted and other investments (3,953) (3,966)
Net cash used in investing activities (71,125) (65,195)
Cash flows from financing activities:    
Taxes paid in lieu of shares issued for stock-based compensation (5,379) (15,420)
Proceeds from long-term borrowings and revolving credit facility, net of costs 1,387,294 1,259,346
Repayment of long-term borrowings and revolving credit facility (744,831) (660,549)
Common stock repurchased and retired (995,632) (1,084,194)
Net cash used in financing activities (358,548) (500,817)
Net increase in cash and cash equivalents 364,615 146,329
Cash and cash equivalents at beginning of period 111,838 147,724
Cash and cash equivalents at end of period 476,453 294,053
Cash paid during the period for:    
Interest, net of amounts capitalized 148,398 118,265
Non-cash investing and financing activities:    
Capital lease obligations incurred to acquire assets 6,647 7,487
Treasury stock not yet settled $ 19,458 $ 35,795