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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Aug. 31, 2019
USD ($)
Aug. 31, 2018
USD ($)
Aug. 31, 2017
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 352,790 $ 267,085 $ 258,259
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 60,463 57,285 48,294
Stock-based compensation expense 32,400 31,516 34,183
Deferred income taxes (2,278) (1,910) 4,879
Loss on sale of assets 196 140 1,282
Tax benefits from share-based payment arrangements 0 0 (10,331)
Changes in assets and liabilities, net of effects of acquisitions      
Accounts receivable, net of reserves 10,205 (8,417) (29,503)
Accounts payable and accrued expenses (2,290) 12,077 (2,226)
Accrued compensation (1,743) 5,735 6,427
Deferred fees 458 6,035 (229)
Taxes payable, net of prepaid taxes (19,238) 27,659 7,877
Other, net (3,827) (11,537) 1,613
Net cash provided by operating activities 427,136 385,668 320,527
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of businesses and investments, net of cash and cash equivalents acquired 0 (15,000) (303,086)
Purchases of investments (11,135) (12,470) (30,757)
Proceeds from maturity or sale of investments 14,405 12,459 23,399
Purchases of property, equipment and leasehold improvements (59,370) (33,520) (36,862)
Net cash used in investing activities (56,100) (48,531) (347,306)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividend payments (100,052) (89,408) (80,898)
Repurchase of common stock (220,372) (303,955) (260,978)
Repayment of debt (575,000) 0 (365,000)
Proceeds from debt 575,000 0 640,000
Proceeds from employee stock plans 107,051 71,610 50,045
Tax benefits from share-based payment arrangements 0 0 10,331
Other financing activities, net (901) 1,716 (1,661)
Net cash used in financing activities (214,274) (320,037) (8,161)
Effect of exchange rate changes on cash and cash equivalents (5,586) (3,208) 1,264
Net increase (decrease) in cash and cash equivalents 151,176 13,892 (33,676)
Cash and cash equivalents at beginning of period 208,623 194,731 228,407
Cash and cash equivalents at end of period 359,799 208,623 194,731
Supplemental Disclosure of Cash Flow Information      
Cash paid during the year for interest 19,509 15,676 8,466
Cash paid during the year for income taxes, net of refunds 89,997 68,707 74,788
Supplemental Disclosure of Non-Cash Transactions      
Dividends declared, not paid $ 27,445 $ 24,443 $ 21,853