CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Operating Activities: |
|
|
| Net income |
$ 108,423
|
$ 90,180
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation |
81,725
|
74,459
|
| Amortization of intangibles |
9,974
|
10,819
|
| Share-based compensation expense |
18,533
|
8,348
|
| Equity in earnings, net of dividends related to earnings |
(2,801)
|
(2,125)
|
| Gain on remeasurement of previously held equity interest |
0
|
(14,199)
|
| Deferred income taxes |
295
|
5,765
|
| Other |
1,101
|
127
|
| Changes in operating assets and liabilities |
(35,205)
|
(63,401)
|
| Net cash provided by operating activities |
182,045
|
109,973
|
| Investing activities: |
|
|
| Capital expenditures |
(116,788)
|
(129,661)
|
| Acquisition of businesses, net of cash acquired |
(37,478)
|
(34,396)
|
| Investment in joint ventures |
0
|
(4,300)
|
| Cash from consolidation of joint venture |
3,395
|
0
|
| Proceeds from sale of fixed assets |
156
|
4,846
|
| Net cash used in investing activities |
(150,715)
|
(163,511)
|
| Financing activities: |
|
|
| Increase in short-term debt, net |
1,703
|
973
|
| Principal payments on long-term debt |
(9,787)
|
(6,239)
|
| Purchase of noncontrolling interests |
0
|
(1,262)
|
| Repurchase of common stock |
(23,800)
|
0
|
| Proceeds from exercise of warrants |
2,498
|
8,540
|
| Taxes withheld and paid on employees' share based payment awards |
(11,979)
|
(1,330)
|
| Other |
101
|
(173)
|
| Net Cash (used in) provided by financing activities |
(41,264)
|
509
|
| Effects of exchange rate changes on cash and cash equivalents |
(7,880)
|
17,743
|
| Changes in cash and cash equivalents |
(17,814)
|
(35,286)
|
| Cash and cash equivalents at beginning of period |
378,243
|
267,270
|
| Cash and cash equivalents at end of period |
$ 360,429
|
$ 231,984
|