Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 30,810 $ 7,190
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 86,138 68,395
Share-based compensation expense 3,971 2,906
Deferred income tax expense 342 7,187
Other noncash income and expense items 4,933 3,042
Change in operating assets and liabilities 12,826 (12,404)
Net cash provided by operating activities 139,020 76,316
Cash flows from investing activities:    
Purchases of property and equipment (80,550) (87,355)
Purchase of investments (21,179) 0
Restricted cash 5,789 10,782
Purchases of other assets and intangible assets (4,895) (2,306)
Grant proceeds 1,136 1,773
Other (621) 390
Net cash used in investing activities (100,320) (76,716)
Cash flows from financing activities:    
Borrowing on Senior Credit Facility 50,000 110,000
Repayment of debt and capital lease obligations (26,403) (93,921)
Distribution to non-controlling interest (25,000) 0
Purchase of treasury stock to be retired (536) (13,062)
Borrowing on other long-term debt 421 1,780
Proceeds from stock option exercises 176 314
Payment of debt issuance costs 0 (2,990)
Net cash (used) provided by financing activities (1,342) 2,121
Net increase in cash and cash equivalents 37,358 1,721
Cash and cash equivalents at beginning of period 44,971 24,491
Cash and cash equivalents at end of period $ 82,329 $ 26,212