CBRE GROUP, INC. CBRE Cash Flow

Cbre group, inc. (CBRE)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
1,294,154	1,291,450	1,046,820	1,080,456	1,086,649	1,065,948	832,955	741,398	714,775	703,576	808,298	719,019	639,456	585,170	501,533	540,671	550,379	558,877	581,952	541,653	538,699	513,503	426,373	410,847	354,882	348,795	386,792	335,331	336,696	304,787	259,189	276,517	275,785	290,325	251,181	246,863	216,682	156,009	0	0	0
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization
447,195	439,224	440,802	442,726	449,646	451,988	444,148	433,255	420,242	406,114	393,954	384,088	373,970	366,927	368,585	350,907	331,244	314,096	284,942	277,054	269,744	265,101	247,771	228,136	209,056	190,390	184,286	176,864	170,985	170,905	161,429	152,635	139,918	116,930	109,641	103,971	106,136	108,962	0	0	0
Amortization and write-off of financing costs on extinguished debt
5,988	8,662	8,966	9,234	9,617	35,175	36,817	37,517	38,077	10,783	10,004	10,643	10,726	10,935	10,910	10,251	10,012	12,311	11,686	16,774	16,286	13,155	13,021	7,269	15,078	28,871	29,405	30,122	22,783	9,518	9,447	8,855	8,046	7,453	25,849	26,929	27,947	29,013	0	0	0
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets
245,546	246,690	263,506	244,952	237,815	229,376	226,297	218,200	207,525	200,386	197,649	208,851	210,291	201,362	170,425	140,097	131,424	140,828	140,515	136,494	116,647	95,636	88,092	76,267	86,901	93,613	106,464	119,460	117,790	112,613	95,505	92,788	81,572	74,449	68,986	70,949	70,323	65,855	0	0	0
Write-down of impaired assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on disposition of real estate held for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,552	0	0	0	-	-	-	28,711	41,805	0	0	0	-	-	-	-
Net realized and unrealized losses (gains), primarily from investments
7,861	28,907	16,143	18,093	17,733	-7,400	2,956	1,833	1,010	9,405	5,304	4,892	5,588	4,688	9,571	3,270	-1,681	-3,809	-4,327	90	7,523	11,237	14,808	20,461	15,630	13,523	15,810	10,836	7,199	11,093	0	0	0	-	-	-	-	-	-	-	-
Provision for doubtful accounts
27,565	20,373	20,237	19,389	16,026	19,760	18,208	14,275	14,573	8,044	5,348	5,363	363	4,711	9,977	10,725	12,148	10,211	8,779	8,070	8,084	8,165	9,801	10,468	9,172	9,579	7,407	3,285	6,979	6,509	8,063	9,766	9,815	9,754	-2,340	-930	2,537	4,661	0	0	0
Net compensation (reversal) expense for equity awards
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Compensation expense for equity awards
-	-	-	-	-	128,171	121,147	106,479	107,246	93,087	89,113	83,213	66,301	63,484	69,936	74,131	71,362	74,709	63,746	64,418	64,527	59,757	55,017	50,601	47,929	48,429	51,387	51,405	51,744	51,712	49,328	45,641	45,347	44,327	44,314	46,075	46,633	46,801	0	0	0
Equity income from unconsolidated subsidiaries
108,892	160,925	181,857	282,901	357,149	324,664	315,011	256,005	235,368	210,207	238,685	195,523	155,068	197,351	240,365	232,935	204,699	162,849	73,536	99,594	102,165	101,714	102,346	72,393	69,673	64,422	70,499	60,027	56,092	60,729	85,685	89,524	103,983	104,776	54,189	51,157	48,324	26,561	0	0	0
Incremental tax benefit from stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,218	1,358	4,124	3,229	9,891	12,099	9,994	10,792	2,930	-163	1,302	4,488	14,936	19,845	19,639	15,588	5,380	0	0	0
Distribution of earnings from unconsolidated subsidiaries
151,038	199,011	219,843	303,091	368,901	336,925	318,588	257,298	244,711	211,855	331,657	267,110	197,011	195,702	33,712	38,000	38,722	36,630	32,247	31,780	33,411	27,903	36,744	34,715	34,495	33,302	24,189	20,066	19,159	20,199	16,477	16,956	18,225	20,794	35,250	33,936	35,224	33,874	0	0	0
Proceeds from sale of mortgage loans
18,946,894	19,805,060	22,665,886	23,310,330	21,774,292	20,230,676	20,088,305	18,000,442	17,703,340	18,052,756	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination of mortgage loans
18,603,038	19,389,979	21,994,167	23,129,720	22,105,942	20,591,602	20,192,519	18,359,231	18,124,365	17,655,104	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in warehouse lines of credit
-302,375	-351,586	-231,130	-121,603	413,202	417,995	163,487	416,621	476,552	-343,887	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant concessions received
-31,077	-21,249	-33,921	-35,201	-29,230	-38,400	-27,444	-28,031	-28,195	-19,337	-29,619	-27,644	-24,568	-22,547	-8,758	-3,938	-4,539	-7,861	-9,757	-18,406	-22,168	-18,343	-19,325	-11,352	-10,469	-14,627	-17,967	-24,306	-24,819	-23,260	-23,033	-42,372	-49,015	-45,751	-38,689	-12,991	-3,422	-4,608	0	0	0
Purchase of equity securities
24,443	83,001	114,778	128,621	138,337	99,789	115,137	108,434	111,153	110,570	73,442	73,305	89,936	87,765	97,401	101,039	86,000	85,707	84,490	77,946	75,734	71,021	69,052	106,098	121,224	137,311	150,158	148,655	150,395	203,126	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of equity securities
26,144	46,949	63,848	75,900	80,849	75,120	71,901	71,786	73,278	68,547	74,883	77,845	98,448	105,866	105,131	105,699	82,053	78,798	84,308	77,047	77,944	74,237	81,181	81,264	160,656	191,121	187,961	207,451	191,612	190,220	0	0	0	-	-	-	-	-	-	-	-
Decrease (increase) in real estate under development
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from securities sold, not yet purchased
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,472	73,015	105,634	148,903	151,145	0	0	0	-	-	-	-	-	-	-	-
Securities purchased to cover short sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	110,588	114,907	170,001	170,262	151,282	0	0	0	-	-	-	-	-	-	-	-
Decrease (increase) in receivables, prepaid expenses and other assets (including contract and lease assets)
602,832	824,490	1,052,479	1,037,939	1,012,194	773,361	791,379	747,953	605,956	534,190	494,266	392,013	340,581	336,342	180,996	272,410	239,905	230,307	172,064	70,252	230,574	307,979	245,375	213,120	44,720	76,946	110,949	147,580	149,153	142,786	90,204	110,790	160,361	123,669	164,671	180,959	134,725	180,129	0	0	0
Increase in prepaid expenses and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	115,151	116,551	78,776	84,997	93,016	68,292	57,758	47,015	47,525	47,468	59,484	33,355	24,848	18,994	17,729	22,097	6,517	19,546	22,792	13,238	43,642	14,395	13,864	5,520	0	0	0
(Increase) decrease in real estate held for sale and under development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-47,276	-54,007	-38,895	-90,722	-168,133	-138,421	-142,295	-77,669	759	-50,592	-42,828	-77,829	-84,731	-28,628	-69,850	-34,933	-26,457	0	0	0
Decrease in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities)
306,062	306,677	346,842	427,741	386,021	273,782	323,488	283,976	208,541	159,145	62,158	11,793	-31,919	15,382	47,606	75,635	76,046	177,567	80,559	84,698	55,510	31,526	40,179	-7,841	-54,413	40,200	46,943	76,032	118,800	43,475	-78,369	-75,350	-88,935	-62,850	8,565	33,927	40,729	45,145	0	0	0
Decrease in compensation and employee benefits payable and accrued bonus and profit sharing
149,350	244,895	176,588	214,361	242,997	270,371	243,821	146,627	160,241	148,714	102,959	-38,098	14,409	123,653	174,531	173,684	114,456	115,805	150,505	178,073	255,888	344,987	181,528	97,129	76,261	102,439	76,803	65,631	-3,694	-1,155	10,053	53,082	13,587	81,380	58,374	104,640	148,564	277,529	0	0	0
Decrease (increase) in net income taxes receivable/payable
154,483	274,436	158,015	102,504	63,086	47,074	-97,140	-113,705	-99,626	-108,151	-49,624	623	-41,018	6,334	18,920	-4,115	-8,482	-43,085	-52,094	-14,812	-16,594	43,194	90,967	28,772	24,700	-3,077	-47,969	5,484	13,501	27,729	55,968	39,173	19,015	4,891	-8,605	-602	-98,603	-142,090	0	0	0
Increase (decrease) in other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,064	10,550	488	-15,543	-12,632	-15,202	-1,814	589	19,481	12,459	-7,534	-6,808	-26,891	-6,453	7,039	7,715	18,822	21,261	7,535	15,940	24,752	18,240	21,339	17,239	0	0	0
Other operating activities, net
75,346	52,457	76,678	64,921	45,089	49,590	28,888	29,456	40,641	34,421	31,980	51,167	63,491	63,195	80,485	58,404	48,366	52,296	28,041	29,991	17,521	17,707	15,033	21,206	20,500	18,067	17,477	5,842	8,482	5,589	981	7,173	5,880	6,289	2,960	-1,112	-2,884	-1,745	0	0	0
Net cash used in operating activities
1,479,674	1,223,380	768,239	906,479	988,632	1,131,249	1,011,129	919,786	965,851	894,411	1,055,767	709,565	624,227	616,985	456,298	484,071	503,107	651,897	735,712	843,573	751,896	661,780	578,946	436,453	555,028	745,108	645,657	577,411	510,144	291,081	137,159	315,950	176,152	361,219	395,787	359,190	495,614	616,587	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures
298,776	293,514	236,493	220,995	238,058	227,803	228,329	225,661	201,031	178,042	158,454	172,010	181,472	191,205	188,497	168,134	154,304	139,464	163,948	168,025	176,217	171,242	170,233	170,411	161,196	156,358	148,388	151,079	150,961	150,232	133,169	139,537	142,444	147,980	145,977	108,451	79,188	68,464	0	0	0
Acquisition of Global Workplace Solutions (GWS), including net assets acquired, intangibles and goodwill, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	573,085	498,138	512,126	504,147	98,586	88,181	59,303	52,578	17,595	8,898	49,546	49,790	51,560	48,745	66,869	70,390	0	0	0
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired
379,681	355,926	0	0	0	-	-	-	-	118,427	35,074	29,834	30,640	21,077	80,032	82,700	89,371	161,106	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to unconsolidated subsidiaries
114,540	105,947	116,424	76,947	75,753	62,802	63,067	57,082	64,744	68,700	46,180	72,045	70,460	66,816	82,711	71,068	67,290	71,208	64,866	61,308	64,308	59,177	56,766	51,368	51,914	49,594	43,371	40,588	61,475	65,440	84,218	82,887	55,138	51,463	37,109	43,752	38,864	37,510	0	0	0
Distributions from unconsolidated subsidiaries
46,309	33,289	28,949	43,747	52,467	61,709	78,203	67,929	72,005	63,664	-33,583	-23,167	-1,921	46,775	264,378	254,220	218,726	187,577	84,027	108,689	111,410	104,267	106,361	83,202	92,391	82,230	87,169	73,269	65,445	62,977	82,154	86,142	103,029	109,547	45,648	41,701	33,946	22,843	0	0	0
Net proceeds from disposition of real estate held for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113,241	0	0	0	-	-	-	164,930	231,678	115,514	128,922	141,407	76,504	0	0	0
Purchase of equity securities
-	-	-	-	-	21,402	19,348	20,022	22,428	15,584	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of equity securities
-	-	-	-	-	16,314	15,030	15,048	16,539	15,587	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of available for sale debt securities
-	-	-	-	-	23,360	22,899	27,549	27,432	19,280	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of available for sale debt securities
-	-	-	-	-	5,792	7,563	12,062	14,249	15,790	2,196	3,885	11,933	18,097	39,069	40,070	36,687	42,572	59,920	77,721	93,069	88,214	78,326	61,158	61,420	69,688	53,327	51,635	41,071	31,751	0	0	0	-	-	-	-	-	-	-	-
Additions to real estate held for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,559	2,810	5,419	5,413	6,181	13,802	11,720	15,156	15,473	1,144	17,654	13,810	16,551	0	0	0
Proceeds from the sale of servicing rights and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,094	-	28,806	25,336	21,166	25,541	23,959	25,946	34,169	32,016	42,502	45,606	41,360	40,206	34,007	29,109	27,837	27,035	23,380	30,619	30,805	28,944	0	0	0
Decrease (increase) in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,771	10,812	7,883	49,012	15,406	21,990	10,080	-30,889	9,234	-12,494	-15,398	-8,469	-2,231	8,938	20,368	16,205	-330,346	2,761	835	1,696	318,571	-217	-1,943	-4,047	0	0	0
Decrease in cash due to deconsolidation of CBRE Clarion U.S., L.P. (see Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73,187	0	0	0	-	-	-	-	-	-	-	-
Purchase of available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	39,781	40,818	36,125	40,287	52,820	71,872	89,103	89,885	80,708	62,501	43,579	65,111	56,050	53,691	58,630	36,355	0	0	0	-	-	-	-	-	-	-	-
Other investing activities, net
-7,947	-1,650	-19,588	-20,049	-22,651	-13,441	4,321	6,271	5,127	-2,392	-17,054	-28,433	-43,466	-40,083	-57,296	-44,196	-28,057	-30,048	3,056	-31	-239	-577	-1,107	-1,264	-6,678	-7,131	-6,656	-8,298	-3,377	-6,768	-11,255	-7,952	-7,206	-2,584	2,505	1,676	1,704	1,926	0	0	0
Net cash used in investing activities
-739,317	-721,024	-342,836	-308,636	-570,410	-560,684	-618,918	-585,175	-323,535	-302,600	-248,684	-205,063	-195,107	-150,524	-26,634	-1,487,640	-1,510,820	-1,618,959	-1,668,996	-320,395	-254,893	-151,556	-605,762	-532,022	-482,041	-464,994	-17,897	906	-109,725	-197,671	-87,226	-661,511	-619,971	-480,255	-588,189	-18,819	7,666	-62,503	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from senior term loans
-	300,000	752,745	752,745	752,745	1,002,745	0	0	0	-	-	-	-	-	-	-	-	900,000	0	0	0	-	-	-	-	715,000	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Repayment of senior term loans
-	300,000	0	0	0	-	-	-	-	-	-	-	-	136,250	28,750	23,125	17,500	657,488	661,775	668,563	675,350	39,650	39,650	39,650	39,650	1,639,017	1,646,219	1,653,372	1,660,363	68,146	68,035	62,469	55,066	47,503	1,508,730	1,651,340	1,647,794	1,693,110	0	0	0
Proceeds from revolving credit facility
3,433,671	3,609,000	3,028,000	2,854,000	2,867,000	3,258,000	3,523,000	2,610,000	2,153,000	1,521,000	1,625,000	2,464,000	2,610,000	2,909,000	2,731,000	3,168,500	2,944,500	2,643,500	2,292,500	1,550,000	1,519,803	1,873,568	1,900,003	1,427,003	1,104,837	610,562	399,127	356,175	164,760	41,270	80,161	311,113	802,624	1,032,624	1,084,143	835,143	333,019	106,759	0	0	0
Repayment of revolving credit facility
3,769,701	3,609,000	3,117,000	3,222,000	2,994,000	3,258,000	3,382,000	2,012,000	1,810,000	1,521,000	1,708,000	2,620,000	2,770,000	2,909,000	3,048,500	3,012,500	2,774,500	2,648,012	2,038,575	1,872,619	1,756,822	1,999,422	1,832,095	1,238,229	857,026	542,150	382,414	266,236	90,671	15,230	52,948	368,362	828,927	1,005,132	1,058,881	752,161	293,617	110,657	0	0	0
Proceeds from issuance of senior notes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Repayment of 5.00% senior notes (including premium)
-	-	-	-	-	820,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
150,077	145,137	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date)
-31,192	-42,147	-39,779	-35,994	-43,894	-18,660	-62,307	-50,315	-24,300	-24,006	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from notes payable on real estate held for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,762	2,473	1,778	1,650	4,652	9,255	11,264	12,342	10,300	7,347	15,441	17,900	20,631	0	0	0
Repayment of notes payable on real estate held for investment
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	27,563	28,205	25,165	51,492	74,544	91,003	116,678	76,278	54,036	124,285	104,892	135,115	186,636	101,315	124,884	125,001	81,906	0	0	0
Proceeds from notes payable on real estate held for sale and under development
-	-	-	-	-	-	-	-	-	-	0	0	7,011	-	23,405	29,790	32,560	20,879	15,974	7,793	6,962	8,274	8,395	10,930	10,025	9,526	13,580	19,611	22,628	22,276	18,481	12,935	9,112	8,454	4,752	2,122	2,422	3,671	0	0	0
Repayment of notes payable on real estate held for sale and under development
-	-	-	-	-	-	-	-	-	-	0	0	2,744	-	0	0	0	-	-	-	-	-	-	-	-	136,528	126,548	132,504	84,334	21,345	60,302	54,071	73,742	79,271	30,982	37,523	19,794	14,341	0	0	0
(Repayment of) proceeds from short-term borrowings and other loans, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Units repurchased for payment of taxes on equity awards
46,113	18,426	18,263	34,321	34,022	29,386	27,696	32,279	32,199	29,549	29,179	24,214	25,074	27,426	27,802	24,522	23,683	24,523	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Incremental tax benefit from stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,218	1,358	4,124	3,229	9,891	12,099	9,994	10,792	2,930	-163	1,302	4,488	14,936	19,845	19,639	15,588	5,380	0	0	0
Non-controlling interest contributions
6,460	46,612	62,310	64,588	64,534	25,355	11,449	6,104	5,322	5,301	4,204	3,392	3,819	2,272	2,696	2,325	1,744	5,909	6,214	6,769	7,011	2,938	2,045	1,413	1,146	1,092	581	419	954	16,075	16,787	17,510	25,209	10,231	11,205	15,699	26,400	29,172	0	0	0
Non-controlling interest distributions
3,107	3,957	5,829	8,324	13,735	13,413	13,454	12,463	8,996	8,715	12,976	19,520	18,739	19,133	15,787	9,462	16,972	16,582	15,568	20,488	32,695	33,971	75,248	77,745	92,755	128,168	103,869	98,625	71,482	48,162	68,313	123,087	129,615	129,686	95,265	35,131	25,039	11,406	0	0	0
Payment of financing costs
-	-	-	-	-	-	-	-	0	-	-	-	-	5,618	6,135	13,968	14,268	30,664	32,928	28,068	27,121	5,947	3,149	636	3,315	29,322	29,482	29,094	26,340	359	2,787	6,339	10,601	24,738	50,514	47,177	44,245	34,430	0	0	0
Other financing activities, net
4,864	1,793	-20,168	-20,271	-20,265	-15,912	-17,118	-15,307	-18,792	-18,897	-2,376	-8,096	101	-443	5,232	9,674	1,840	3,851	-3,407	-3,116	-2,047	-2,711	-3,073	-4,506	-4,974	-4,537	-2,826	-2,342	-1,509	-938	-1,039	-96	-580	-129	-167	-212	2,144	-338	0	0	0
Net cash (used in) provided by financing activities
-665,882	-271,949	-345,083	-586,668	-387,917	-506,600	-773,734	-331,993	-555,824	-627,742	-287,326	-391,872	-383,564	-220,677	-421,461	1,111,505	1,122,297	789,548	795,944	-523,261	-500,832	-232,069	155,520	-15,569	-161,288	-866,281	-892,558	-814,641	-574,869	-100,689	64,029	345,645	728,004	711,325	88,320	-355,438	-769,162	-784,222	0	0	0
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash
-29,448	-606	-5,953	-1,296	-64,450	-24,840	-30,938	-9,673	42,994	29,338	1,532	-6,761	-15,222	-27,539	-2,214	-12,590	-4,383	-22,967	-37,661	-45,361	-45,380	-29,183	-15,967	7,509	-2,162	-11,218	21,712	21,170	19,766	33,947	-296	-20,991	-7,893	-5,681	-9,859	23,613	13,232	-4,845	0	0	0
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
45,027	229,801	74,367	9,879	-34,145	39,125	-412,461	-7,055	129,486	-6,593	521,289	105,869	30,334	218,245	5,989	95,346	110,201	-200,481	-175,001	-45,444	-49,209	248,972	112,737	-103,629	-90,463	-597,385	-273,639	-245,707	-185,237	-3,885	113,666	-20,907	276,292	586,608	-106,081	8,546	-252,650	-234,983	0	0	0
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest
80,350	86,666	88,522	91,353	88,777	104,165	101,160	117,011	114,131	117,164	119,354	121,870	123,622	125,800	125,528	108,375	105,120	88,078	118,935	110,658	126,488	118,749	101,548	101,789	126,033	117,150	155,210	147,200	160,826	161,945	161,931	151,134	146,938	138,035	125,856	152,223	152,565	169,410	0	0	0
Income tax (refunds) payments, net
254,927	365,065	443,279	424,892	392,871	375,849	388,074	352,945	356,883	356,997	273,947	298,380	249,203	294,848	300,225	298,072	311,818	285,730	275,681	296,953	290,084	331,257	332,570	274,424	247,744	203,402	174,087	185,899	197,056	217,956	225,951	237,523	210,408	189,917	160,186	161,292	47,725	-11,499	0	0	0