| Dec'17 | Dec'16 | Dec'15 | Dec'14 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
61,758 | -457,447 | 47,609 | 43,780 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
217,025 | 218,366 | 242,550 | 241,062 | |||
Loss (gain) on sales or disposals of long-lived assets, net | ||||||
-10,159 | -16,229 | 4,526 | -1,395 | |||
Loss from equity method investment | ||||||
-90 | -90 | -83 | -165 | |||
Loss on early extinguishment of debt | ||||||
-516 | -5,207 | 0 | -8,234 | |||
Impairment of goodwill | ||||||
0 | 322,457 | 4,757 | 0 | |||
Impairment of other intangible assets | ||||||
0 | 146,500 | 33,845 | 0 | |||
Impairment of held-to-maturity securities | ||||||
3,844 | 0 | 0 | - | |||
Impairment of long-lived assets | ||||||
47 | 238 | 4,061 | 4,691 | |||
Amortization of debt issuance costs and debt discounts/premiums | ||||||
7,826 | 7,292 | 12,375 | 9,696 | |||
Share-based compensation expense | ||||||
14,704 | 35,470 | 17,789 | 14,043 | |||
Change in income taxes | ||||||
-19,328 | -42,381 | 32,288 | 11,093 | |||
Changes in operating assets and liabilities: | ||||||
Receivables, net | ||||||
11,221 | 6,599 | 4,740 | -2,099 | |||
Prepaid expenses and other | ||||||
9,259 | -1,219 | -14,773 | 10,698 | |||
Accounts payable, accrued expenses and other | ||||||
-9,639 | -9,106 | -7,362 | -2,926 | |||
Net cash provided by operating activities | ||||||
285,800 | 255,747 | 408,226 | 328,486 | |||
Cash flows from investing activities: | ||||||
Capital expenditures | ||||||
78,941 | 97,932 | 84,032 | 230,815 | |||
Payment for business combination, net of cash acquired | ||||||
0 | 107,509 | 0 | 0 | |||
Proceeds from sales of furniture, fixtures and equipment | ||||||
147 | 149 | 436 | 441 | |||
Equity method investment, inclusive of capitalized interest | ||||||
- | - | - | 25 | |||
Net proceeds from dispositions of assets held for sale | ||||||
0 | 10,325 | 25,066 | - | |||
Net proceeds from dispositions of discontinued operations and assets held for sale | ||||||
- | - | - | 258,507 | |||
Purchase of other intangible asset | ||||||
0 | 0 | 25,000 | 25,000 | |||
Escrow refund | ||||||
- | - | - | 25,000 | |||
Restricted cash | ||||||
-596 | -1,371 | -5,667 | -5,925 | |||
Loans receivable | ||||||
2,750 | 1,500 | 2,075 | 817 | |||
Net cash used in investing activities | ||||||
-80,948 | -195,096 | -79,938 | 33,216 | |||
Cash flows from financing activities: | ||||||
Proceeds from Senior Secured Credit Facilities | ||||||
608,350 | 1,032,600 | 0 | 0 | |||
Repayments under Senior Secured Credit Facilities | ||||||
739,507 | 579,755 | 0 | 0 | |||
Proceeds from Former Senior Secured Credit Facilities | ||||||
0 | 134,500 | 466,700 | 291,700 | |||
Repayments under Former Senior Secured Credit Facilities | ||||||
0 | 1,011,285 | 803,200 | 692,987 | |||
Proceeds from issuance of long-term debt | ||||||
0 | 500,625 | 0 | 0 | |||
Repayments under financing obligation | ||||||
49,770 | 30,988 | 0 | 0 | |||
Proceeds from common stock options exercised | ||||||
4,687 | 2,708 | 9,334 | 6,644 | |||
Repurchases of common stock | ||||||
22,345 | 70,166 | 0 | 0 | |||
Debt issuance costs and debt discount | ||||||
0 | 16,198 | 0 | 29 | |||
Tax withholdings on share-based payment awards | ||||||
7,089 | 1,723 | 1,733 | - | |||
Other | ||||||
-53 | 90 | -9 | -951 | |||
Net cash used in financing activities | ||||||
-205,727 | -39,592 | -328,908 | -395,623 | |||
Supplemental cash flow information: | ||||||
Cash paid for interest, net of amounts capitalized | ||||||
373,408 | 338,796 | 232,002 | 242,507 | |||
Cash payments related to income taxes, net | ||||||
3,796 | 12,469 | -17,316 | 118 | |||
Increase (decrease) in construction-related deposits and liabilities | ||||||
205 | -1,723 | -5,047 | -24,899 | |||
Increase in accrued liabilities associated with recognized intangible asset | ||||||
- | - | - | 25,000 | |||
Non-cash issuance of common stock | ||||||
30 | 686 | 763 | 881 | |||
Reconciliation of cash, cash equivalents and restricted cash: | ||||||
Change in cash and cash equivalents | ||||||
-875 | 21,059 | -620 | -33,921 | |||
Non-cash retirement of debt in connection with Spin-Off and Merger | ||||||
0 | 2,761,287 | 0 | 0 | |||
Non-cash settlement of accrued interest in connection with Spin-Off and Merger | ||||||
0 | 34,133 | 0 | 0 | |||
Non-cash recognition of financing obligation | ||||||
0 | 3,194,287 | 0 | 0 | |||
Non-cash consideration for business combination | ||||||
0 | -659 | 0 | 0 | |||