Cbre group, inc. (CBRE)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

173,530

639,133

258,053

223,438

170,826

394,503

291,689

229,631

150,125

161,510

200,132

203,008

138,926

266,232

110,853

123,445

84,640

182,595

149,991

133,153

93,138

205,670

109,692

130,199

67,942

118,540

94,166

74,234

61,855

156,537

42,705

75,599

29,946

110,939

60,033

74,867

44,486

71,795

55,715

44,686

-16,187

Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization

113,794

115,362

111,560

106,479

105,823

116,940

113,484

113,399

108,165

109,100

102,591

100,386

94,037

96,940

92,725

90,268

86,994

98,598

75,047

70,605

69,846

69,444

67,159

63,295

65,203

52,114

47,524

44,215

46,537

46,010

40,102

38,336

46,457

36,534

31,308

25,619

23,469

29,245

25,638

27,784

26,295

Amortization and write-off of financing costs on extinguished debt

1,501

1,466

1,491

1,530

4,175

1,770

1,759

1,913

29,733

3,412

2,459

2,473

2,439

2,633

3,098

2,556

2,648

2,608

2,439

2,317

4,947

1,983

7,527

1,829

1,816

1,849

1,775

9,638

15,609

2,383

2,492

2,299

2,344

2,312

1,900

1,490

1,751

20,708

2,980

2,508

2,817

Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets

52,373

55,587

76,820

60,766

53,517

72,403

58,266

53,629

45,078

69,324

50,169

42,954

37,939

66,587

61,371

44,394

29,010

35,650

31,043

35,721

38,414

35,337

27,022

15,874

17,403

27,793

15,197

26,508

24,115

40,644

28,193

24,838

18,938

23,536

25,476

13,622

11,815

18,073

27,439

12,996

7,347

Write-down of impaired assets

75,171

-

-

-

89,037

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on disposition of real estate held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,640

690

1,023

15,479

-

-

-

0

21,422

688

6,601

13,094

-

-

-

-

Net realized and unrealized losses (gains), primarily from investments

-193

2,744

941

4,369

20,853

-10,020

2,891

4,009

-4,280

336

1,768

3,186

4,115

-3,765

1,356

3,882

3,215

1,118

-4,945

-1,069

1,087

600

-528

6,364

4,801

4,171

5,125

1,533

2,694

6,458

151

-2,104

6,588

-

-

-

-

-

-

-

-

Provision for doubtful accounts

9,059

2,290

6,645

9,571

1,867

2,154

5,797

6,208

5,601

602

1,864

6,506

-928

-2,094

1,879

1,506

3,420

3,172

2,627

2,929

1,483

1,740

1,918

2,943

1,564

3,376

2,585

1,647

1,971

1,204

-1,537

5,341

1,501

2,758

166

5,390

1,440

-9,336

1,576

8,857

3,564

Net compensation (reversal) expense for equity awards

1,239

-

-

-

-29,271

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Compensation expense for equity awards

-

-

-

-

-

31,136

35,360

32,105

29,570

24,112

20,692

32,872

15,411

20,138

14,792

15,960

12,594

26,590

18,987

13,191

15,941

15,627

19,659

13,300

11,171

10,887

15,243

10,628

11,671

13,845

15,261

10,967

11,639

11,461

11,574

10,673

10,619

11,448

13,335

11,231

10,787

Equity income from unconsolidated subsidiaries

20,631

40,692

25,796

21,773

72,664

61,624

126,840

96,021

40,179

51,971

67,834

75,384

15,018

80,449

24,672

34,929

57,301

123,463

17,242

6,693

15,451

34,150

43,300

9,264

15,000

34,782

13,347

6,544

9,749

40,859

2,875

2,609

14,386

65,815

6,714

17,068

15,179

15,228

3,682

14,235

-6,584

Incremental tax benefit from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

415

-1,355

919

1,239

555

1,411

24

7,901

2,763

-694

822

39

-330

771

4,008

10,487

4,579

565

-43

279

Distribution of earnings from unconsolidated subsidiaries

29,185

53,423

48,027

20,403

77,158

74,255

131,275

86,213

45,182

55,918

69,985

73,626

12,326

175,720

5,438

3,527

11,017

13,730

9,726

4,249

8,925

9,347

9,259

5,880

3,417

18,188

7,230

5,660

2,224

9,075

3,107

4,753

3,264

5,353

3,586

6,022

5,833

19,809

2,272

7,310

4,483

Proceeds from sale of mortgage loans

3,595,631

4,018,260

5,687,532

5,645,471

4,453,797

6,879,086

6,331,976

4,109,433

2,910,181

6,736,715

4,244,113

3,812,331

3,259,597

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Origination of mortgage loans

3,859,407

4,008,115

5,291,517

5,443,999

4,646,348

6,612,303

6,427,070

4,420,221

3,132,008

6,213,220

4,593,782

4,185,355

2,662,747

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in warehouse lines of credit

281,657

-371,435

-1,378

-211,219

232,446

-250,979

108,149

323,586

237,239

-505,487

361,283

383,517

-583,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tenant concessions received

-13,292

-2,882

-5,436

-9,467

-3,464

-15,554

-6,716

-3,496

-12,634

-4,598

-7,303

-3,660

-3,776

-14,880

-5,328

-584

-1,755

-1,091

-508

-1,185

-5,077

-2,987

-9,157

-4,947

-1,252

-3,969

-1,184

-4,064

-5,410

-7,309

-7,523

-4,577

-3,851

-7,082

-26,862

-11,220

-587

-20

-1,164

-1,651

-1,773

Purchase of equity securities

3,559

1,632

11,148

8,104

62,117

33,409

24,991

17,820

23,569

48,757

18,288

20,539

22,986

11,629

18,151

37,170

20,815

21,265

21,789

22,131

20,522

20,048

15,245

19,919

15,809

18,079

52,291

35,045

31,896

30,926

50,788

36,785

84,627

-

-

-

-

-

-

-

-

Proceeds from sale of equity securities

4,925

1,616

6,838

12,765

25,730

18,515

18,890

17,714

20,001

15,296

18,775

19,206

15,270

21,632

21,737

39,809

22,688

20,897

22,305

16,163

19,433

26,407

15,044

17,060

15,726

33,351

15,127

96,452

46,191

30,191

34,617

80,613

44,799

-

-

-

-

-

-

-

-

Decrease (increase) in real estate under development

-7,742

-

-

-

3,356

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from securities sold, not yet purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,927

7,997

12,515

28,033

24,470

40,616

55,784

30,275

-

-

-

-

-

-

-

-

Securities purchased to cover short sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,267

6,352

45,180

46,789

16,586

61,446

45,441

27,809

-

-

-

-

-

-

-

-

Decrease (increase) in receivables, prepaid expenses and other assets (including contract and lease assets)

-52,796

176,548

185,596

293,484

168,862

404,537

171,056

267,739

-69,971

422,555

127,630

125,742

-141,737

382,631

25,377

74,310

-145,976

227,285

116,791

41,805

-155,574

169,042

14,979

202,127

-78,169

106,438

-17,276

33,727

-45,943

140,441

19,355

35,300

-52,310

87,859

39,941

84,871

-89,002

128,861

56,229

38,637

-43,598

Increase in prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,244

44,941

29,731

13,235

28,644

7,166

35,952

21,254

3,920

-3,368

25,209

21,764

3,863

8,648

-920

13,257

-1,991

7,383

3,448

-2,323

11,038

10,629

-6,106

28,081

-18,209

10,098

-14,450

(Increase) decrease in real estate held for sale and under development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-30,859

-11,979

-5,959

1,521

-37,590

3,133

-57,786

-75,890

-7,878

-741

6,840

2,538

-59,229

7,023

-28,161

-4,364

-3,126

-34,199

6,756

4,112

Decrease in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities)

-34,597

147,969

-4,794

197,484

-33,982

188,134

76,105

155,764

-146,221

237,840

36,593

80,329

-195,617

140,853

-13,772

36,617

-148,316

173,077

14,257

37,028

-46,795

76,069

18,396

7,840

-70,779

84,722

-29,624

-38,732

23,834

91,465

-535

4,036

-51,491

-30,379

2,484

-9,549

-25,406

41,036

27,846

-2,747

-20,990

Decrease in compensation and employee benefits payable and accrued bonus and profit sharing

-605,950

474,935

322,262

-41,897

-510,405

406,628

360,035

-13,261

-483,031

380,078

262,841

353

-494,558

334,323

121,784

52,860

-385,314

385,201

120,937

-6,368

-383,965

419,901

148,505

71,447

-294,866

256,442

64,106

50,579

-268,688

230,806

52,934

-18,746

-266,149

242,014

95,963

-58,241

-198,356

219,008

142,229

-14,317

-69,391

Decrease (increase) in net income taxes receivable/payable

-108,609

141,853

35,323

85,916

11,344

25,432

-20,188

46,498

-4,668

-118,782

-36,753

60,577

-13,193

-60,255

13,494

18,936

34,159

-47,669

-9,541

14,569

-444

-56,678

27,741

12,787

59,344

-8,905

-34,454

8,715

31,567

-53,797

18,999

16,732

45,795

-25,558

2,204

-3,426

31,671

-39,054

10,207

-101,427

-11,816

Increase (decrease) in other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,315

12,927

8,195

-2,743

-7,829

2,865

-7,836

168

-10,399

16,253

-5,433

19,060

-17,421

-3,740

-4,707

-1,023

3,017

9,752

-4,031

10,084

5,456

-3,974

4,374

18,896

-1,056

-875

274

Other operating activities, net

25,610

15,664

15,069

19,003

2,721

39,885

3,312

-829

7,222

19,183

3,880

10,356

1,002

16,742

23,067

22,680

706

34,032

986

12,642

4,636

9,777

2,936

172

4,822

7,103

9,109

-534

2,389

6,513

-2,526

2,106

-504

1,905

3,666

813

-95

-1,424

-406

-959

1,044

Net cash used in operating activities

-136,281

1,084,079

456,133

75,743

-392,575

628,938

594,373

157,896

-249,958

508,818

503,030

203,961

-321,398

670,174

156,828

118,623

-328,640

509,487

184,601

137,659

-179,850

593,302

292,462

45,982

-269,966

510,468

149,969

164,557

-79,886

411,017

81,723

97,290

-298,949

257,095

260,514

-42,508

-113,882

291,663

223,917

93,916

7,091

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures

62,241

132,931

59,909

43,695

56,979

75,910

44,411

60,758

46,724

76,436

41,743

36,128

23,735

56,848

55,299

45,590

33,468

54,140

34,936

31,760

18,628

78,624

39,013

39,952

13,653

77,615

39,191

30,737

8,815

69,645

41,882

30,619

8,086

52,582

48,250

33,526

13,622

50,579

10,724

4,263

2,898

Acquisition of Global Workplace Solutions (GWS), including net assets acquired, intangibles and goodwill, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,423

0

21,900

-

-

-

-

-

102,764

15,073

14,704

440,544

27,817

29,061

6,725

34,983

17,412

183

0

0

8,715

40,831

244

1,770

5,900

58,955

3,765

Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired

25,897

341,082

12,702

0

2,142

-

-

-

-

82,364

10,737

12,465

12,861

-989

5,497

13,271

3,298

57,966

8,165

19,942

75,033

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions to unconsolidated subsidiaries

32,155

21,299

49,461

11,625

23,562

31,776

9,984

10,431

10,611

32,041

3,999

18,093

14,567

9,521

29,864

16,508

10,923

25,416

18,221

12,730

14,841

19,074

14,663

15,730

9,710

16,663

9,265

16,276

7,390

10,440

6,482

37,163

11,355

29,218

5,151

9,414

7,680

14,864

11,794

4,526

6,326

Distributions from unconsolidated subsidiaries

18,994

12,329

10,687

4,299

5,974

7,989

25,485

13,019

15,216

24,483

15,211

17,095

6,875

-72,764

25,627

38,341

55,571

144,839

15,469

2,847

24,422

41,289

40,131

5,568

17,279

43,383

16,972

14,757

7,118

48,322

3,072

6,933

4,650

67,499

7,060

23,820

11,168

3,600

3,113

16,065

65

Net proceeds from disposition of real estate held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,423

1,629

74,822

34,367

-

-

-

0

116,164

5,847

42,919

66,748

0

19,255

55,404

1,845

Purchase of equity securities

-

-

-

-

-

5,471

2,213

3,499

10,219

3,417

2,887

5,905

3,375

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of equity securities

-

-

-

-

-

4,912

2,513

4,522

4,367

3,628

2,531

6,013

3,415

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of available for sale debt securities

-

-

-

-

-

2,500

2,137

6,657

12,066

2,039

6,787

6,540

3,914

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of available for sale debt securities

-

-

-

-

-

360

1,311

1,857

2,264

2,131

5,810

4,044

3,805

-11,463

7,499

12,092

9,969

9,509

8,500

8,709

15,854

26,857

26,301

24,057

10,999

16,969

9,133

24,319

19,267

608

7,441

13,755

9,947

-

-

-

-

-

-

-

-

Additions to real estate held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

147

612

1,397

403

398

3,221

1,391

1,171

8,019

1,139

4,827

1,488

-6,310

17,649

983

4,229

Proceeds from the sale of servicing rights and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,603

-

8,819

7,674

4,941

7,372

5,349

3,504

9,316

5,790

7,336

11,727

7,163

16,276

10,440

7,481

6,009

10,077

5,542

6,209

5,207

6,422

12,781

6,395

3,346

Decrease (increase) in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,145

10,249

-9,771

7,148

3,186

7,320

31,358

-26,458

9,770

-4,590

-9,611

13,665

-11,958

-7,494

-2,682

19,903

-789

3,936

-6,845

-326,648

332,318

2,010

-5,984

-9,773

13,530

284

-8,088

Decrease in cash due to deconsolidation of CBRE Clarion U.S., L.P. (see Note 3)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

73,187

-

-

-

-

-

-

-

-

Purchase of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,429

16,268

7,716

8,368

8,466

11,575

11,878

20,901

27,518

28,806

12,660

11,724

9,311

9,884

34,192

2,663

6,952

14,823

11,917

-

-

-

-

-

-

-

-

Other investing activities, net

-9,068

-1,060

-366

2,547

-2,771

-18,998

-827

-55

6,439

-1,236

1,123

-1,199

-1,080

-15,898

-10,256

-16,232

2,303

-33,111

2,844

-93

312

-7

-243

-301

-26

-537

-400

-5,715

-479

-62

-2,042

-794

-3,870

-4,549

1,261

-48

752

540

432

-20

974

Net cash used in investing activities

-92,231

-484,773

-111,667

-50,646

-73,938

-106,585

-77,467

-312,420

-64,212

-164,819

-43,724

-50,780

-43,277

-110,903

-103

-40,824

1,306

12,987

-1,461,109

-64,004

-106,833

-37,050

-112,508

1,498

-3,496

-491,256

-38,768

51,479

13,551

-44,159

-19,965

-59,152

-74,395

66,286

-594,250

-17,612

65,321

-41,648

-24,880

8,873

-4,848

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from senior term loans

-

0

0

0

300,000

452,745

0

0

550,000

-

-

-

-

-

-

-

-

0

400,000

0

500,000

-

-

-

-

0

0

300,000

415,000

-

-

-

0

-

-

-

-

-

-

-

-

Repayment of senior term loans

-

0

0

0

300,000

-

-

-

-

-

-

-

-

113,125

8,750

8,750

5,625

5,625

3,125

3,125

645,613

9,912

9,913

9,912

9,913

9,912

9,913

9,912

1,609,280

17,114

17,066

16,903

17,063

17,003

11,500

9,500

9,500

1,478,230

154,110

5,954

54,816

Proceeds from revolving credit facility

331,671

926,000

1,087,000

1,089,000

507,000

345,000

913,000

1,102,000

898,000

610,000

0

645,000

266,000

714,000

839,000

791,000

565,000

536,000

1,276,500

567,000

264,000

185,000

534,000

536,803

617,765

211,435

61,000

214,637

123,490

0

18,048

23,222

0

38,891

249,000

514,733

230,000

90,410

0

12,609

3,740

Repayment of revolving credit facility

331,701

978,000

1,265,000

1,195,000

171,000

486,000

1,370,000

967,000

435,000

610,000

0

765,000

146,000

797,000

912,000

915,000

285,000

936,500

876,000

677,000

158,512

327,063

710,044

561,203

401,112

159,736

116,178

180,000

86,236

0

0

4,435

10,795

37,718

315,414

465,000

187,000

91,467

8,694

6,456

4,040

Proceeds from issuance of senior notes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

800,000

-

-

-

0

-

-

-

-

-

-

-

-

Repayment of 5.00% senior notes (including premium)

-

-

-

-

-

0

0

0

820,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

50,028

51,049

49,000

0

45,088

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of businesses (cash paid for acquisitions more than three months after purchase date)

-6,230

-6,058

-7,572

-11,332

-17,185

-3,690

-3,787

-19,232

8,049

-47,337

8,205

6,783

8,343

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from notes payable on real estate held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

289

832

1,392

249

0

137

1,264

3,251

4,603

2,146

2,342

1,209

1,650

10,240

4,801

3,940

Repayment of notes payable on real estate held for investment

-

-

-

-

-

-

-

-

-

-

-

-

435

-

-

-

-

-

-

-

-

322

4,251

22,084

906

964

1,211

48,411

23,958

17,423

26,886

8,011

1,716

87,672

7,493

38,234

53,237

2,351

31,062

38,351

10,142

Proceeds from notes payable on real estate held for sale and under development

-

-

-

-

-

-

-

-

-

-

1,204

426

1,711

-

1,795

888

12,427

8,295

8,180

3,658

746

3,390

-1

2,827

2,058

3,511

2,534

1,922

1,559

7,565

8,565

4,939

1,207

3,770

3,019

1,116

549

68

389

1,416

1,798

Repayment of notes payable on real estate held for sale and under development

-

-

-

-

-

-

-

-

-

-

1,588

6,445

2,744

-

0

0

4,102

-

-

-

-

-

-

-

-

23,700

275

49,003

63,550

13,720

6,231

833

561

52,677

0

20,504

6,090

4,388

6,541

2,775

637

(Repayment of) proceeds from short-term borrowings and other loans, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,498

Units repurchased for payment of taxes on equity awards

36,873

1,853

7,008

379

9,186

1,690

23,066

80

4,550

0

27,649

0

1,900

-370

22,684

860

4,252

6

19,404

21

5,092

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Incremental tax benefit from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

415

-1,355

919

1,239

555

1,411

24

7,901

2,763

-694

822

39

-330

771

4,008

10,487

4,579

565

-43

279

Non-controlling interest contributions

622

99

4,536

1,203

40,774

15,797

6,814

1,149

1,595

1,891

1,469

367

1,574

794

657

794

27

1,218

286

213

4,192

1,523

841

455

119

630

209

188

65

119

47

723

15,186

831

770

8,422

208

1,805

5,264

19,123

2,980

Non-controlling interest distributions

497

159

1,235

1,216

1,347

2,031

3,730

6,627

1,025

2,072

2,739

3,160

744

6,333

9,283

2,379

1,138

2,987

2,958

9,889

748

1,973

7,878

22,096

2,024

43,250

10,375

37,106

37,437

18,951

5,131

9,963

14,117

39,102

59,905

16,491

14,188

4,681

-229

6,399

555

Payment of financing costs

-

-

-

-

-

-

-

-

39

-

-

-

-

17

72

742

4,787

534

7,905

1,042

21,183

2,798

3,045

95

9

0

532

2,774

26,016

160

144

20

35

2,588

3,696

4,282

14,172

28,364

359

1,350

4,357

Other financing activities, net

-869

6,964

-736

-495

-3,940

-14,997

-839

-489

413

-16,203

972

-3,974

308

318

-4,748

4,223

-236

5,993

-306

-3,611

1,775

-1,265

-15

-2,542

1,111

-1,627

-1,448

-3,010

1,548

84

-964

-2,177

2,119

-17

-21

-2,661

2,570

-55

-66

-305

88

Net cash (used in) provided by financing activities

-93,905

-219,986

-237,937

-114,054

300,028

-293,120

-479,522

84,697

181,345

-560,254

-37,781

-139,134

109,427

-219,838

-142,327

-130,826

272,314

-420,622

1,390,639

-120,034

-60,435

-414,226

71,434

-97,605

208,328

-26,637

-99,655

-243,324

-496,665

-52,914

-21,738

-3,552

-22,485

111,804

259,878

378,807

-39,164

-511,201

-183,880

-34,917

-54,224

Effect of currency exchange rate changes on cash and cash equivalents and restricted cash

-38,633

12,120

-17,449

14,514

-9,791

6,773

-12,792

-48,640

29,819

675

8,473

4,027

16,163

-27,131

180

-4,434

3,846

-1,806

-10,196

3,773

-14,738

-16,500

-17,896

3,754

1,459

-3,284

5,580

-5,917

-7,597

29,646

5,038

-7,321

6,584

-4,597

-15,657

5,777

8,796

-8,775

17,815

-4,604

-9,281

NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

-361,050

391,440

89,080

-74,443

-176,276

236,006

24,592

-118,467

-103,006

-215,580

429,998

18,074

-239,085

312,302

14,578

-57,461

-51,174

100,046

103,935

-42,606

-361,856

125,526

233,492

-46,371

-63,675

-10,709

17,126

-33,205

-570,597

313,037

45,058

27,265

-389,245

430,588

-89,515

324,464

-78,929

-262,101

25,112

63,268

-61,262

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest

27,290

6,487

33,654

12,919

33,606

8,343

36,485

10,343

48,994

5,338

52,336

7,463

52,027

7,528

54,852

9,215

54,205

7,256

37,699

5,960

37,163

38,113

29,422

21,790

29,424

20,912

29,663

46,034

20,541

58,972

21,653

59,660

21,660

58,958

10,856

55,464

12,757

46,779

37,223

55,806

29,602

Income tax (refunds) payments, net

-55,897

62,330

93,859

154,635

54,241

140,544

75,472

122,614

37,219

152,769

40,343

126,552

37,333

69,719

64,776

77,375

82,978

75,096

62,623

91,121

56,890

65,047

83,895

84,252

98,063

66,360

25,749

57,572

53,721

37,045

37,561

68,729

74,621

45,040

49,133

41,614

54,130

15,309

50,239

-71,953

-5,094