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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 141,152 $ 114,372
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 30,367 27,715
Stock-based compensation 38,818 35,965
Deferred income taxes 4,144 7,950
Changes in operating assets and liabilities:    
Accounts receivable (45,394) (186,757)
Prepaid insurance (19,083) (9,493)
Other current assets 1,839 (13,832)
Other assets and ROU assets 1,985 (4,153)
Accounts payable (946) (1,953)
Payroll taxes and other payroll deductions payable (115,763) (145,098)
Accrued worksite employee payroll costs 85,333 200,054
Accrued health insurance costs 14,857 7,681
Accrued workers’ compensation costs (11,541) (864)
Accrued corporate payroll, commissions and other accrued liabilities (12,636) 22,428
Income taxes payable/receivable 12,868 (7,478)
Total adjustments (19,122) (59,529)
Net cash provided by operating activities 122,030 54,843
Marketable securities:    
Purchases (35,618) (41,413)
Proceeds from maturities 32,215 42,600
Property and equipment:    
Purchases (16,448) (23,603)
Net cash used in investing activities (19,851) (22,416)
Cash flows from financing activities:    
Purchase of treasury stock (63,420) (49,770)
Dividends paid (56,866) (50,198)
Other 3,130 (4,812)
Net cash used in financing activities (123,416) (95,156)
Net decrease in cash, cash equivalents, restricted cash and funds held for clients (21,237) (62,729)
Cash, cash equivalents, restricted cash and funds held for clients beginning of period 839,500 786,699
Cash, cash equivalents, restricted cash and funds held for clients end of period 818,263 723,970
Supplemental Cash Flow Elements [Abstract]    
ROU assets obtained in exchange for lease obligations $ 4,513 $ 16,275