Net income | |
Adjustments to reconcile net income to net cash from operating activities | |
Provisions for allowance for doubtful accounts | |
Depreciation & amortization expense | 485.4M |
Stock compensation expense | 34.2M |
Gain on disposal of equipment | |
Changes in assets and liabilities | |
Accounts receivable | -79M |
Deferred tax expense | -2.3M |
Income tax receivable | |
Other current assets | |
Prepaid expenses | |
Other long-term assets and advances | |
Accounts payable | -150.7M |
Accrued expenses | |
Other liabilities | |
Cash provided by operating activities | 404.6M |
Investing activities | |
Payment of acquisition earn-out | |
Payment for purchases of property and equipment | -318.5M |
Proceeds from sale of property and equipment | |
Cash flows used by investing activities | -252M |
Financing activities | |
Line of credit, net | |
Proceeds from issuance of long-term debt | 260M |
Payments of long-term debt and capital leases | |
Excess tax benefit from stock options | |
Proceeds from exercise of options | |
Cash flows used by financing activities | |
Net increase (decrease) in cash | 70.5M |
Cash, beginning of period | 289.8M |
Cash, end of period | 360.3M |
Supplemental disclosure of noncash activities: | |
Cash paid during the period for interest | 259.1M |
Cash paid during the period for income taxes, net |