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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 537,079,000 $ 337,504,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 239,746,000 218,420,000
Amortization of intangible assets 213,789,000 290,843,000
Equity in earnings of unconsolidated affiliates, net of distributions 24,579,000 (28,732,000)
Loss from mark-to-market adjustment on investment 0 76,509,000
Deferred income tax expense 14,302,000 39,610,000
Non-cash stock-based compensation 94,658,000 77,730,000
Other non-cash adjustments, net (10,620,000) (343,000)
Changes in assets and liabilities, net of non-cash transactions:    
Accounts and notes receivable (666,786,000) (316,253,000)
Contract assets (508,457,000) (369,958,000)
Prepaid expenses and other current assets (104,956,000) (73,899,000)
Accounts payable and accrued expenses and other non-current liabilities 776,496,000 287,890,000
Contract liabilities (38,764,000) 27,278,000
Other assets and liabilities, net 1,348,000 (19,416,000)
Net cash provided by operating activities 572,414,000 547,183,000 Close
Cash Flows from Investing Activities:    
Capital expenditures (325,397,000) (337,469,000)
Proceeds from sale of and insurance settlements related to property and equipment 47,983,000 43,603,000
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired (472,643,000) (177,766,000)
Investments in unconsolidated affiliates and other (6,505,000) (20,622,000)
Proceeds from the sale or settlement of certain investments 42,277,000 16,905,000
Other, net (8,039,000) (397,000)
Net cash used in investing activities (722,324,000) (475,746,000) Close
Cash Flows from Financing Activities:    
Borrowings under credit facility and commercial paper program 14,339,958,000 5,412,107,000
Payments under credit facility and commercial paper program (14,136,313,000) (5,239,330,000)
Payments related to tax withholding for share-based compensation (113,409,000) (78,639,000)
Payments of dividends (36,059,000) (30,998,000)
Repurchase of common stock 0 (115,115,000)
Other, net (23,126,000) (31,747,000)
Net cash provided by (used in) financing activities 31,051,000 (83,722,000) Close
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (4,466,000) (1,264,000) Close
Net decrease in cash, cash equivalents and restricted cash (123,325,000) (13,549,000) Close
Cash, cash equivalents and restricted cash, beginning of period 433,214,000 231,887,000
Cash, cash equivalents and restricted cash, end of period $ 309,889,000 $ 218,338,000