Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 111,552 $ 45,246
Reconciling items:    
Depreciation 93,140 90,443
Amortization 163,592 167,139
Deferred income tax benefit (21,463) (8,230)
Amortization of debt issuance costs and discount/premium, net 13,375 15,409
Loss on extinguishment of debt 233 36,269
Non-cash compensation expense 31,531 23,224
Gain on disposal of operating assets (4,977) (42,856)
Equity in earnings of nonconsolidated affiliates (5,921) (2,848)
Other, net (2,679) 221
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in accounts receivable (193,705) (106,561)
Increase in prepaid expenses (125,525) (50,432)
Increase in other assets (105,228) (94,421)
Increase in accounts payable, accrued expenses and other liabilities 108,716 237,718
Decrease in deferred revenue (76,473) (45,783)
Net cash provided by (used in) operating activities (13,832) 264,538
CASH FLOWS FROM INVESTING ACTIVITIES    
Distributions from nonconsolidated affiliates 7,303 13,104
Investments made in nonconsolidated affiliates (11,324) (7,505)
Purchases of property, plant and equipment (98,248) (103,577)
Proceeds from disposal of operating assets, net of cash divested 2,058 83,086
Cash paid for acquisitions, net of cash acquired (48,527) (26,418)
Purchases of intangible assets (2,675) (17)
Other, net (8,279) (1,163)
Net cash used in investing activities (159,692) (42,490)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt, net of debt issuance costs 515,258 870,324
Payments on long-term debt, including redemption costs (245,014) (854,277)
Contributions from noncontrolling interests 81 267
Distributions to noncontrolling interests (23,964) (12,382)
Purchases and sales of noncontrolling interests, net (3,528) (75)
Proceeds from exercise of stock options 14,142 80,593
Payments for deferred and contingent consideration (5,722) (750)
Net cash provided by financing activities 251,253 83,700
Effect of exchange rate changes on cash and cash equivalents (18,613) (4,225)
Net increase in cash and cash equivalents 59,116 301,523
Cash and cash equivalents at beginning of period 1,299,184 1,001,055
Cash and cash equivalents at end of period $ 1,358,300 $ 1,302,578