Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (19,493) $ (46,314)
Reconciling items:    
Depreciation 67,482 63,705
Amortization 122,897 109,407
Deferred income tax benefit (2,708) (1,415)
Amortization of debt issuance costs, discounts and premium, net 5,199 5,301
Non-cash compensation expense 17,144 17,562
Other, net 1,845 (494)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in accounts receivable (171,670) (122,058)
Increase in prepaid expenses and other assets (407,450) (317,566)
Increase in accounts payable, accrued expenses and other liabilities 186,888 33,936
Increase in deferred revenue 710,841 620,412
Net cash provided by operating activities 510,975 362,476
CASH FLOWS FROM INVESTING ACTIVITIES    
Advances and collections of notes receivable, net (4,513) (14,136)
Investments made in nonconsolidated affiliates (13,508) (11,023)
Purchases of property, plant and equipment (78,880) (67,344)
Cash paid for acquisitions, net of cash acquired (122,318) (69,244)
Other, net (191) (2,194)
Net cash used in investing activities (219,410) (163,941)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on long-term debt (18,640) (17,170)
Distributions to noncontrolling interests (22,211) (9,370)
Purchases and sales of noncontrolling interests, net (16,559) (9,491)
Proceeds from exercise of stock options 743 13,015
Payments for deferred and contingent consideration (3,732) (4,125)
Other, net (8,695) (5,221)
Net cash used in financing activities (69,094) (32,362)
Effect of exchange rate changes on cash and cash equivalents (13,497) (22,383)
Net increase in cash and cash equivalents 208,974 143,790
Cash and cash equivalents at beginning of period 1,303,125 1,382,029
Cash and cash equivalents at end of period $ 1,512,099 $ 1,525,819