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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Aug. 31, 2020
USD ($)
Aug. 31, 2019
USD ($)
Aug. 31, 2018
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 372,938 $ 352,790 $ 267,085
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 57,614 60,463 57,285
Amortization of lease right-of-use assets 43,185 0 0
Stock-based compensation expense 36,579 32,400 31,516
Deferred income taxes 10,626 (2,278) (1,910)
Impairment charge 16,500 0 0
Loss on sale of assets 172 196 140
Changes in assets and liabilities, net of effects of acquisitions      
Accounts receivable, net of reserves (8,608) 10,205 (8,417)
Accounts payable and accrued expenses 12,427 (2,290) 12,077
Accrued compensation 16,446 (1,743) 5,735
Deferred fees 5,571 458 6,035
Taxes payable, net of prepaid taxes (24,224) (19,238) 27,659
Lease liabilities, net (33,340) 0 0
Other, net (46) (3,827) (11,537)
Net cash provided by operating activities 505,840 427,136 385,668
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, equipment, leasehold improvements and intangible assets (77,642) (59,370) (33,520)
Purchases of investments (2,736) (11,135) (12,470)
Proceeds from maturity or sale of investments 6,746 14,405 12,459
Acquisition of businesses and investments, net of cash and cash equivalents acquired 0 0 (15,000)
Net cash used in investing activities (73,632) (56,100) (48,531)
CASH FLOWS FROM FINANCING ACTIVITIES      
Repurchase of common stock (199,625) (220,372) (303,955)
Dividend payments (110,439) (100,052) (89,408)
Repayment of debt 0 (575,000) 0
Proceeds from debt 0 575,000 0
Proceeds from employee stock plans 95,520 107,051 71,610
Tax benefits from share-based payment arrangements 0 0 0
Other financing activities, net (3,531) (901) 1,716
Net cash used in financing activities (218,075) (214,274) (320,037)
Effect of exchange rate changes on cash and cash equivalents 11,673 (5,586) (3,208)
Net increase in cash and cash equivalents 225,806 151,176 13,892
Cash and cash equivalents at beginning of period 359,799 208,623 194,731
Cash and cash equivalents at end of period 585,605 359,799 208,623
Supplemental Disclosure of Cash Flow Information      
Cash paid during the year for interest 12,876 19,509 15,676
Cash paid during the year for income taxes, net of refunds 69,092 89,997 68,707
Supplemental Disclosure of Non-Cash Transactions      
Dividends declared, not paid $ 29,283 $ 27,445 $ 24,443