| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||
440,000 | 444,000 | 360,000 | 85,000 | -191,600 | -63,600 | -48,500 | -20,300 | 759 | 4,888 | 1,705 |
Adjustments to reconcile net income to net cash from operating activities | ||||||||||
Provisions for allowance for doubtful accounts | ||||||||||
- | - | - | - | - | - | 2,600 | 900 | 219 | -84 | 92 |
Depreciation, Depletion and Amortization, Nonproduction | ||||||||||
739,000 | 716,000 | 658,000 | 643,000 | 364,900 | 98,300 | 20,800 | 2,700 | 1,240 | 1,290 | 1,191 |
Stock compensation expense | ||||||||||
67,000 | 49,000 | 79,000 | 55,000 | 27,900 | 7,500 | 4,700 | 4,400 | 1,180 | 157 | 172 |
Accretion of debt | ||||||||||
21,000 | 15,000 | 19,000 | 17,000 | 6,400 | 7,300 | 6,000 | 1,500 | - | - | - |
Deferred tax benefit | ||||||||||
46,000 | 45,000 | -158,000 | -21,000 | -91,900 | -30,000 | -22,700 | -8,300 | -327 | 900 | 713 |
Gain (Loss) on Extinguishment of Debt | ||||||||||
-5,000 | -27,000 | -36,000 | -70,000 | 0 | 0 | - | - | - | - | - |
Unrealized (gain) loss on foreign currency option and forward contracts | ||||||||||
-9,000 | 20,000 | -49,000 | 40,000 | -1,000 | 0 | - | - | - | - | - |
Gain on sale of equity investment | ||||||||||
0 | 24,000 | 0 | 0 | - | - | - | - | - | - | - |
Non-cash impairment of incentive payments | ||||||||||
- | - | - | - | - | - | - | - | - | 75 | 124 |
Gains on sales of property and equipment | ||||||||||
110,000 | 8,000 | 13,000 | - | - | - | - | - | - | - | -29 |
(Gain) Loss on sale of assets | ||||||||||
- | - | - | - | - | - | 200 | - | - | - | - |
(Gain) Loss on foreign currency transactions | ||||||||||
- | - | - | - | - | - | 900 | - | - | - | - |
Other | ||||||||||
-21,000 | -8,000 | -26,000 | -8,000 | -9,400 | -11,200 | -2,400 | 0 | -12 | -4 | - |
Changes in assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
67,000 | 13,000 | 320,000 | 154,000 | -7,800 | 143,900 | 37,000 | 13,800 | -1,627 | 6,618 | -5,459 |
Income tax receivable | ||||||||||
- | - | - | - | - | - | 100 | -1,600 | 239 | 1,348 | - |
Other assets | ||||||||||
47,000 | 49,000 | 92,000 | -13,000 | 35,300 | -9,200 | 3,000 | -800 | -425 | 355 | 104 |
Prepaid expenses | ||||||||||
- | - | - | - | - | - | - | - | - | 99 | 214 |
Other long-term assets | ||||||||||
- | - | - | - | - | - | - | 300 | -97 | -338 | -93 |
Accounts payable | ||||||||||
-120,000 | 35,000 | 140,000 | 2,000 | -51,300 | 53,900 | 5,200 | 10,900 | -191 | 1,987 | 191 |
Accrued expenses and other liabilities | ||||||||||
-213,000 | -123,000 | 1,000 | -56,000 | 43,500 | 28,800 | 4,200 | -1,200 | 1,331 | 1,780 | 1,529 |
Other liabilities | ||||||||||
- | - | - | - | - | - | - | - | - | -658 | -553 |
Net cash provided by (used in) operating activities | ||||||||||
791,000 | 1,102,000 | 785,000 | 622,000 | 90,800 | -21,300 | -66,300 | -24,300 | 6,611 | 2,257 | -99 |
Investing activities | ||||||||||
Payment for purchases of property and equipment | ||||||||||
601,000 | 551,000 | 504,000 | 483,000 | 249,000 | 44,600 | 11,600 | 7,000 | 754 | 811 | 186 |
Proceeds from sale of property and equipment | ||||||||||
252,000 | 143,000 | 118,000 | 69,000 | 60,300 | 0 | 0 | - | - | 2 | 62 |
Proceeds from Collection of Retained Interest in Securitized Receivables | ||||||||||
186,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale of business, net of $11 cash divested | ||||||||||
- | - | - | 548,000 | 0 | 0 | - | - | - | - | - |
Acquisition of businesses, net of cash acquired | ||||||||||
- | - | - | - | 3,887,000 | 814,000 | 458,800 | 57,200 | - | - | 2,250 |
Loss on forward contract related to acquisition | ||||||||||
- | - | - | - | 9,700 | 0 | 0 | - | - | - | - |
Other | ||||||||||
-2,000 | -8,000 | 0 | -8,000 | 0 | -300 | -100 | 0 | -13 | - | - |
Net cash used in investing activities | ||||||||||
-161,000 | -400,000 | -386,000 | 142,000 | -4,085,400 | -858,300 | -470,300 | -64,200 | -741 | -1,309 | -3,474 |
Financing activities | ||||||||||
Proceeds from issuance of debt | ||||||||||
1,754,000 | 1,074,000 | 819,000 | 1,378,000 | 4,151,800 | 500,000 | 0 | 0 | - | - | - |
Repurchase of debt | ||||||||||
0 | 1,225,000 | 1,387,000 | 1,889,000 | 0 | 0 | - | - | - | - | - |
Credit line, net activity | ||||||||||
- | - | - | - | - | - | - | - | - | -3,781 | 4,210 |
Proceeds from issuance of convertible senior notes, net | ||||||||||
- | - | - | - | - | - | - | 138,500 | - | - | - |
Proceeds from borrowings on ABL facility | ||||||||||
1,935,000 | 1,355,000 | 995,000 | 360,000 | 0 | 130,000 | 73,300 | 0 | - | - | - |
Repayment of borrowings on ABL facility | ||||||||||
1,935,000 | 1,455,000 | 925,000 | 330,000 | 0 | - | - | - | - | - | - |
Repayment of debt and finance leases | ||||||||||
867,000 | 119,000 | 106,000 | 151,000 | 1,215,600 | 0 | 0 | - | - | 2,665 | 1,249 |
Proceeds from asset financing debt | ||||||||||
- | - | - | - | - | - | - | - | - | 5,000 | - |
Payment for debt issuance costs | ||||||||||
28,000 | 10,000 | 17,000 | 26,000 | 42,900 | 10,400 | 0 | - | - | - | - |
Proceeds from forward sale settlement | ||||||||||
0 | 349,000 | 0 | 0 | 1,260,000 | - | - | - | - | - | - |
Payment of acquisition earn-out | ||||||||||
- | - | - | - | - | - | - | - | - | 500 | 1,100 |
Proceeds from common stock offerings | ||||||||||
0 | 0 | 288,000 | 0 | - | 1,131,300 | 253,600 | 137,000 | - | - | - |
Payments to Noncontrolling Interests | ||||||||||
258,000 | 0 | 0 | - | 459,700 | 0 | 0 | - | - | - | - |
Repurchase of common stock | ||||||||||
1,347,000 | 536,000 | 0 | 0 | - | - | - | - | - | - | - |
Repayment of borrowings on revolving credit facility | ||||||||||
- | - | - | - | - | 205,000 | 0 | 0 | - | - | - |
Payment for cash held as collateral in lending arrangement | ||||||||||
- | - | - | - | - | - | - | 3,000 | - | - | - |
Change in bank overdrafts | ||||||||||
- | - | - | -17,000 | -12,300 | 0 | 0 | - | - | - | - |
Proceeds from exercise of options, net | ||||||||||
- | - | - | - | - | - | - | - | - | 564 | - |
Payment for tax withholdings for restricted shares | ||||||||||
14,000 | 53,000 | 17,000 | 11,000 | 0 | - | - | - | - | - | - |
Proceeds from preferred stock offerings | ||||||||||
- | - | - | - | - | - | - | 0 | 71,628 | - | - |
Payment for equity issuance costs | ||||||||||
- | - | - | - | 31,900 | 33,900 | 14,100 | - | - | - | - |
Dividends paid | ||||||||||
8,000 | 8,000 | 7,000 | 5,000 | 2,800 | 2,900 | 3,000 | 1,200 | 375 | - | - |
Other | ||||||||||
9,000 | 8,000 | -9,000 | 10,000 | -1,700 | -6,900 | -4,100 | -4,500 | -3,677 | - | - |
Effect of exchange rates on cash and cash equivalents | ||||||||||
- | - | - | - | -4,600 | 0 | 0 | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||
-759,000 | -620,000 | -366,000 | -681,000 | 3,644,900 | 1,502,200 | 305,700 | 266,800 | 67,576 | -882 | 2,961 |
Effect of exchange rates on cash, cash equivalents and restricted cash | ||||||||||
2,000 | -17,000 | 16,000 | -4,000 | - | - | - | - | - | - | - |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||
-127,000 | 65,000 | 49,000 | 79,000 | -354,300 | 622,600 | -230,900 | 178,300 | 73,446 | 66 | -612 |
Cash paid for interest | ||||||||||
282,000 | 233,000 | 274,000 | 363,000 | 168,200 | 19,000 | 12,400 | 0 | 110 | 124 | 105 |
Cash paid for income taxes | ||||||||||
121,000 | 70,000 | 79,000 | 41,000 | 14,500 | 2,300 | 200 | 200 | 233 | 3,521 | 396 |
Non-cash investing and financing activities: | ||||||||||
Equity portion of acquisition purchase price | ||||||||||
- | - | - | - | - | - | 10,400 | 0 | 0 | - | - |
Equity issued upon conversion of debt | ||||||||||
- | - | - | - | - | - | 0 | - | - | - | - |
Increase of goodwill due to accrual of aquisition earnout | ||||||||||
- | - | - | - | - | - | - | - | - | - | 687 |