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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Aug. 31, 2018
USD ($)
Aug. 31, 2017
USD ($)
Aug. 31, 2016
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 267,085 $ 258,259 $ 338,815
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 57,285 48,294 38,052
Stock-based compensation expense 31,516 34,183 29,793
Loss (gain) on sale of business 1,223 (112,453)
Deferred income taxes (1,910) 4,879 4,528
Loss (gain) on sale of assets 140 59 8
Tax benefits from share-based payment arrangements (10,331) (18,205)
Changes in assets and liabilities, net of effects of acquisitions      
Accounts receivable, net of reserves (8,417) (29,503) (3,541)
Accounts payable and accrued expenses 12,077 (2,226) 5,525
Accrued compensation 5,735 6,427 3,961
Deferred fees 6,035 (229) 700
Taxes payable, net of prepaid taxes 27,659 7,877 30,270
Prepaid expenses and other assets (11,224) (850) 7
Deferred rent and other non-current liabilities (465) 2,331 13,674
Other working capital accounts, net 152 132 6
Net cash provided by operating activities 385,668 320,527 331,140
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of businesses and investments, net of cash and cash equivalents acquired (15,000) (303,086) (262,909)
Proceeds from sale of business, net 153,137
Purchases of investments (12,470) (30,757) (18,137)
Proceeds from sales of investments 12,459 23,399 17,241
Purchases of property, equipment and leasehold improvements, net of proceeds from dispositions (33,520) (36,862) (47,740)
Net cash used in investing activities (48,531) (347,306) (158,408)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividend payments (89,408) (80,898) (74,218)
Repurchase of common stock (303,955) (260,978) (356,828)
Proceeds from debt 640,000 265,000
Repayment of debt (365,000)
Debt issuance costs (438) (12)
Proceeds from employee stock plans 71,610 50,045 56,851
Tax benefits from share-based payment arrangements 10,331 18,205
Other financing activities 1,716 (1,223)
Net cash used in financing activities (320,037) (8,161) (91,002)
Effect of exchange rate changes on cash and cash equivalents (3,208) 1,264 (12,237)
Net increase (decrease) in cash and cash equivalents 13,892 (33,676) 69,493
Cash and cash equivalents at beginning of period 194,731 228,407 158,914
Cash and cash equivalents at end of period 208,623 194,731 228,407
Supplemental Disclosure of Cash Flow Information      
Cash paid during the year for interest 15,676 8,466 3,010
Cash paid during the year for income taxes, net of refunds 68,707 74,788 87,513
Supplemental Disclosure of Non-Cash Transactions      
Dividends declared, not paid $ 24,443 $ 21,853 $ 20,019