| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net loss | ||||||
200 | -185,800 | -221,300 | -434,600 | |||
Reconciliation of net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
296,700 | 290,000 | 270,600 | 260,600 | |||
Impairment charges | ||||||
12,200 | 2,700 | 0 | 2,600 | |||
Unrealized foreign exchange loss | ||||||
3,200 | -8,400 | 7,300 | 10,700 | |||
Stock-based compensation | ||||||
61,300 | 81,900 | 52,400 | 49,000 | |||
Loss on debt extinguishment | ||||||
0 | -50,400 | 0 | 0 | |||
Lease amortization | ||||||
117,900 | 0 | 0 | - | |||
Amortization of debt issuance costs | ||||||
4,400 | 12,500 | 16,500 | 12,600 | |||
Gain on pension curtailment | ||||||
0 | 0 | 10,000 | 0 | |||
Fees incurred in conjunction with debt modification | ||||||
- | - | - | 3,700 | |||
Change in deferred taxes | ||||||
49,800 | 58,900 | 170,300 | 60,100 | |||
Bad debt expense | ||||||
22,100 | 21,700 | 3,900 | 11,900 | |||
Other non-cash operating activities | ||||||
16,800 | 3,600 | -7,000 | -1,200 | |||
Changes in assets and liabilities: | ||||||
Trade and other receivables | ||||||
38,900 | 235,500 | 173,400 | 146,900 | |||
Income taxes payable | ||||||
27,000 | -19,600 | 10,100 | 2,700 | |||
Prepaid expenses and other current assets | ||||||
154,900 | 26,900 | 17,600 | -18,400 | |||
Other non-current assets | ||||||
-32,400 | -84,600 | -44,000 | 137,600 | |||
Accounts payable and accrued expenses | ||||||
60,000 | 74,900 | 42,600 | 118,300 | |||
Accrued compensation | ||||||
63,500 | 117,800 | 98,400 | 11,000 | |||
Other current and non-current liabilities | ||||||
-164,800 | -216,800 | 58,800 | -29,800 | |||
Net cash used in operating activities | ||||||
269,300 | -2,200 | 4,400 | -335,100 | |||
Cash flows from investing activities | ||||||
Payment for property and equipment | ||||||
80,300 | 84,200 | 129,100 | 77,300 | |||
Acquisitions of businesses, net of cash acquired | ||||||
275,900 | 35,500 | 99,900 | 57,100 | |||
Investments in equity securities | ||||||
4,500 | 8,700 | 0 | 0 | |||
Sale of business, net of cash acquired | ||||||
- | - | - | 10,200 | |||
Acquisition of non-controlling interests | ||||||
- | - | - | 17,300 | |||
Return of beneficial interest in a securitization | ||||||
0 | 85,000 | 0 | 0 | |||
Collection on beneficial interest in a securitization | ||||||
85,000 | 0 | 84,800 | 0 | |||
Other investing activities, net | ||||||
-800 | 4,600 | -1,000 | -3,800 | |||
Net cash used in investing activities | ||||||
-274,900 | -218,000 | -143,200 | -137,700 | |||
Cash flows from financing activities | ||||||
Proceeds from Issuance of Common Stock | ||||||
300 | 9,000 | 23,400 | 39,800 | |||
Shares repurchased for payment of employee taxes on stock awards | ||||||
31,800 | 15,200 | 4,500 | 2,900 | |||
Payment of contingent consideration | ||||||
17,300 | 22,300 | 8,400 | 0 | |||
Proceeds from long-term borrowings | ||||||
0 | 2,936,500 | 318,700 | 639,800 | |||
Repayment of borrowings | ||||||
27,000 | 3,133,200 | 150,300 | 313,500 | |||
Debt issuance costs | ||||||
0 | 24,400 | 4,400 | 0 | |||
Proceeds from initial public offering, net of underwriting | ||||||
0 | 831,400 | 0 | 0 | |||
Proceeds from private placement | ||||||
0 | 179,500 | 0 | 0 | |||
Payments of initial offering and private placement costs | ||||||
0 | 17,300 | 0 | 0 | |||
Payment of finance lease liabilities | ||||||
11,500 | 10,800 | 9,100 | 6,700 | |||
Other financing activities, net | ||||||
-2,300 | -7,300 | 2,300 | 0 | |||
Net cash used in financing activities | ||||||
-89,600 | 725,900 | 167,700 | 356,500 | |||
Change in cash, cash equivalents and restricted cash | ||||||
-95,200 | 505,700 | 28,900 | -116,300 | |||
Effects of exchange rate fluctuations on cash, cash equivalents and restricted cash | ||||||
2,100 | -8,200 | 14,200 | -6,800 | |||