| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||||||||
Net income | ||||||||||||||||
98,316 | 60,577 | -96,794 | 779,616 | 194,265 | 72,116 | -96,687 | 223,956 | 171,545 | 200,509 | -103,489 | 117,097 | -120,353 | 38,464 | 80,930 | 349,238 | -102,446 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||
Depreciation and amortization | ||||||||||||||||
44,161 | 47,072 | 48,900 | 49,740 | 47,644 | 50,037 | 59,797 | 62,402 | 67,762 | 65,348 | 67,929 | 66,951 | 64,514 | 62,144 | 66,824 | 69,704 | 66,207 |
Amortization of operating lease right-of-use assets | ||||||||||||||||
23,257 | 27,107 | 32,778 | 29,414 | 33,374 | - | - | - | - | - | - | - | - | - | - | - | - |
Loss on impairment of assets | ||||||||||||||||
3,768 | 18,284 | 25,000 | 470 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Loss (gain) on sales of subsidiaries and disposal of property and equipment, net | ||||||||||||||||
-21,175 | -17,869 | -38,146 | 605,545 | 246,803 | -891 | -16,919 | 12,439 | 297,479 | 8,887 | -1,123 | -1,582 | -345 | 10,173 | 155,238 | 244,208 | -947 |
Gain on derivative instruments | ||||||||||||||||
802 | -822 | 283 | 2,634 | 5,343 | - | - | - | - | - | - | - | - | - | - | - | - |
(Gain) loss on derivative instruments | ||||||||||||||||
802 | -822 | 283 | 2,634 | 5,343 | -3,606 | 69 | 111,812 | -19,132 | 9,657 | -19,765 | 27,119 | 12,267 | 2,494 | 672 | 2,116 | -9,999 |
Payments for settlement of derivative contracts | ||||||||||||||||
0 | -17,005 | 16,466 | -16,466 | 8,233 | 28,234 | -14,117 | 0 | 0 | - | - | - | - | - | - | - | - |
Loss on debt extinguishment | ||||||||||||||||
0 | -1,851 | -684 | -15,595 | -10,622 | 0 | 0 | 0 | -7,481 | 33 | 5 | -7,963 | -467 | 0 | -15,682 | -1,681 | 0 |
Non-cash interest expense | ||||||||||||||||
5,091 | 149 | 3,703 | -5,393 | 5,076 | 757 | 3,628 | 6,378 | 4,645 | 19,773 | 7,450 | 10,126 | 12,233 | 9,303 | 8,580 | 11,834 | 16,478 |
Non-cash share-based compensation expense | ||||||||||||||||
1,984 | 3,413 | 1,577 | 4,855 | 3,149 | 299 | 6,561 | 7,687 | -3,756 | 20,819 | 8,632 | 12,949 | 22,388 | 9,870 | 8,030 | 13,745 | 7,164 |
Bad debt expense | ||||||||||||||||
22,912 | 19,872 | 18,547 | 38,760 | 23,650 | 29,411 | 24,747 | 36,129 | 22,153 | 35,631 | 37,238 | 34,937 | 16,502 | 31,878 | 20,027 | 30,275 | 25,839 |
Deferred income taxes | ||||||||||||||||
-248,701 | -26,706 | -7,851 | -4,091 | 8,835 | -7,085 | 271 | 25,900 | -26,560 | -142,998 | -18,591 | 12,686 | -15,882 | -17,841 | 226 | 7,442 | -19,977 |
Unrealized foreign currency exchange (gain) loss | ||||||||||||||||
29,720 | -20,752 | -13,680 | 10,704 | -5,458 | 15,935 | -35,010 | -17,639 | -1,082 | 717 | 6,904 | -10,677 | -1,079 | -5,695 | 14,985 | 32,595 | 26,061 |
Non-cash loss from non-income tax contingencies | ||||||||||||||||
-6,514 | -3,879 | -587 | -48 | -4,561 | - | - | - | - | 6,915 | -219 | 224 | -4,037 | -11,344 | 1,742 | -2,973 | -4,785 |
Other, net | ||||||||||||||||
-3,982 | -1,508 | 2,732 | 5,654 | -1,537 | -1,310 | 1,575 | 9,717 | 315 | -1,826 | -2,689 | 2,971 | -1,919 | -4,375 | -2,664 | 2,562 | -1,472 |
Changes in operating assets and liabilities: | ||||||||||||||||
Restricted cash | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 737 | 2,725 | 3,364 |
Receivables | ||||||||||||||||
173,760 | -110,628 | 52,111 | -43,225 | 264,944 | -205,431 | 104,742 | -84,429 | 268,434 | -215,326 | 182,286 | -105,105 | 267,480 | -239,385 | 201,880 | -96,389 | 244,587 |
Prepaid expenses and other assets | ||||||||||||||||
32,084 | -14,679 | -22,014 | 16,307 | 62,433 | -11,572 | -32,428 | 63,189 | 20,158 | -9,792 | -29,176 | 55,246 | 43,773 | -10,642 | -40,104 | 40,556 | 27,784 |
Accounts payable and accrued expenses | ||||||||||||||||
-64,924 | 19,676 | 19,460 | 14,367 | -47,929 | -1,249 | 47,757 | 7,067 | -61,087 | -45,031 | 100,992 | -34,513 | -51,855 | 11,343 | -17,421 | 54,158 | -47,392 |
Income tax receivable/payable, net | ||||||||||||||||
2,709 | 3,514 | 13,449 | -8,171 | -45,012 | 58,959 | -22,035 | 26,761 | -14,810 | 9,120 | 2,053 | -12,961 | -8,907 | -13,212 | -23,557 | -18,200 | 18,207 |
Deferred revenue and other liabilities | ||||||||||||||||
312,593 | -311,601 | 200,967 | -330,018 | 387,500 | -375,931 | 328,292 | -289,230 | 389,602 | -424,097 | 425,942 | -351,404 | 360,635 | -424,728 | 432,548 | -268,591 | 231,214 |
Net cash (used in) provided by operating activities | ||||||||||||||||
-3,529 | 27,501 | 279,721 | -12,427 | 44,974 | 40,488 | 354,534 | 8,912 | -7,076 | -19,594 | 352,514 | -104,365 | -36,398 | -3,714 | 259,383 | 25,886 | -89,299 |
Cash flows from investing activities | ||||||||||||||||
Purchase of property and equipment | ||||||||||||||||
24,582 | 53,494 | 39,346 | 30,482 | 32,319 | 87,588 | 56,717 | 49,496 | 44,245 | 139,434 | 47,836 | 49,646 | 37,147 | 107,354 | 46,680 | 46,461 | 39,763 |
Expenditures for deferred costs | ||||||||||||||||
3,500 | 5,615 | 4,064 | 4,534 | 3,488 | 6,684 | 5,450 | 4,367 | 3,365 | 7,005 | 4,464 | 4,772 | 3,476 | 2,440 | 5,243 | 5,164 | 3,589 |
Receipts from sales of discontinued operations, net of cash sold, and property and equipment | ||||||||||||||||
4,032 | 124,347 | -19,745 | 830,442 | 330,998 | 15 | 1,079 | 15,203 | 359,510 | 8,651 | 675 | 379 | 126 | 581 | 213,764 | 332,382 | 7,714 |
Settlement of derivatives related to sale of discontinued operations | ||||||||||||||||
- | - | - | - | - | - | - | - | 9,960 | - | 0 | 0 | 0 | - | - | - | - |
Proceeds from property insurance recoveries and corporate-owned life insurance | ||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 370 | 2,192 | 0 | 1,431 | 0 |
Business acquisitions, net of cash acquired | ||||||||||||||||
0 | 0 | 0 | 11 | 1,194 | 17,019 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Payments from related parties | ||||||||||||||||
87 | 0 | -3 | 0 | 87 | -2,770 | -991 | 233 | 750 | -617 | 857 | -161 | -347 | -44 | 589 | -239 | 1,284 |
Change in restricted cash and investments | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,403 | 8,644 | 985 |
Net cash (used in) provided by investing activities | ||||||||||||||||
-23,963 | 66,080 | -51,685 | 808,281 | 294,084 | -111,331 | -37,438 | -38,427 | 302,690 | -138,405 | -50,768 | -55,035 | -40,474 | -95,033 | 164,661 | 263,008 | -35,339 |
Cash flows from financing activities | ||||||||||||||||
Proceeds from issuance of long-term debt, net of original issue discount | ||||||||||||||||
499,479 | 399,105 | 216,383 | 417,061 | 90,630 | 101,876 | 84,868 | 110,163 | 188,563 | 549,163 | 238,814 | 2,104,069 | 6,790 | 195,813 | 250,318 | 90,552 | 172,144 |
Payments on long-term debt | ||||||||||||||||
226,505 | 318,011 | 312,469 | 1,344,718 | 532,592 | 29,373 | 166,821 | 129,909 | 541,812 | 343,435 | 279,981 | 2,365,195 | 50,335 | 383,788 | 560,583 | 343,929 | 133,079 |
Payments of deferred purchase price for acquisitions | ||||||||||||||||
-1,488 | -370 | -7,654 | -11,764 | -369 | 3,938 | -11,713 | -341 | -5,534 | -1,078 | -87,484 | -1,014 | -5,315 | -12,662 | -1,828 | -303 | -7,443 |
Proceeds from issuance of convertible redeemable preferred stock, net of issuance costs | ||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 55,290 | 329,142 | 0 | 0 | 0 |
Payment of dividends on Series A Preferred Stock and to noncontrolling interests | ||||||||||||||||
- | - | - | - | - | 0 | 0 | 1,384 | 9,719 | 14,119 | 5,252 | 0 | 0 | 955 | 461 | 0 | 89 |
Proceeds from initial public offering, net of issuance costs | ||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | -202 | -327 | 456,888 | 0 | 0 | 0 | 0 |
Proceeds from exercise of stock options | ||||||||||||||||
26,754 | - | - | - | 0 | - | - | - | - | - | - | - | - | 1 | 7 | 0 | 245 |
Payments to repurchase common stock | ||||||||||||||||
29,203 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Withholding of shares to satisfy tax withholding for vested stock awards and exercised stock options | ||||||||||||||||
1,140 | 736 | 258 | -169 | 1,420 | 784 | 0 | 941 | 803 | 426 | 448 | 1,277 | 0 | 379 | 38 | 1,201 | 107 |
Payments of debt issuance costs | ||||||||||||||||
0 | 2,534 | 608 | 723 | 5,226 | 97 | 187 | 155 | 148 | 4,719 | 54 | 75,869 | 600 | 989 | 9,150 | 430 | 1,013 |
Payments to purchase noncontrolling interests | ||||||||||||||||
0 | 3,729 | -3,729 | 5,136 | 625 | -785 | 785 | 0 | 127 | 17,443 | 0 | 0 | 0 | 0 | 0 | 24,997 | 668 |
Noncontrolling interest holder's loan to subsidiaries | ||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 943 | -14 | 324 | 492 | 0 |
Distributions (to) from noncontrolling interest holders | ||||||||||||||||
- | - | - | - | - | - | - | -1,493 | 581 | 1,033 | 0 | -1,301 | 454 | 793 | 0 | -587 | -860 |
Net cash provided by (used in) financing activities | ||||||||||||||||
267,897 | -86,419 | -191,482 | -946,474 | -449,602 | 76,783 | -93,853 | -24,060 | -368,999 | 168,976 | -134,607 | -340,914 | 464,115 | 126,962 | -321,411 | -280,403 | 29,130 |
Effects of exchange rate changes on Cash and cash equivalents and Restricted cash | ||||||||||||||||
-33,613 | 1,470 | -17,459 | 6,609 | 2,042 | -8,947 | -8,356 | -18,328 | 22,150 | -59 | 6,710 | 8,637 | 10,618 | -3,704 | -7,267 | 7,124 | 7,325 |
Change in cash included in current assets held for sale | ||||||||||||||||
9,718 | 10,169 | 69,522 | 90,898 | -2,825 | 10,318 | -55,315 | 14,182 | -100 | 35,117 | -68,100 | 0 | 0 | -3,492 | 1,337 | 4,555 | -5,892 |
Net change in Cash and cash equivalents and Restricted cash | ||||||||||||||||
216,510 | 18,801 | 88,617 | -53,113 | -111,327 | 7,311 | 159,572 | -57,721 | -51,335 | 46,035 | 105,749 | -491,677 | 397,861 | 21,019 | 96,703 | 20,170 | -94,075 |