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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 285,443 $ 266,212
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and intangible assets amortization 42,216 47,341
Operating lease right-of-use assets amortization 13,912  
Deferred income tax benefit (13,221) (28,175)
Provision for bad debts 2,559 1,389
Stock-based compensation expense 84,784 58,887
Other 2,560 2,039
Changes in operating assets and liabilities:    
Accounts receivable (12,610) 32,356
Other receivables and current assets 37,773 23,207
Other long-term assets (2,288) 2,458
Accounts payable, accrued expenses and current liabilities (37,289) (31,243)
Accrued income taxes (2,547) (2,581)
Deferred revenue (35,807) 1,175
Other long-term liabilities (5,000) (19,562)
Net cash provided by operating activities 360,485 353,503
Cash flows from investing activities:    
Acquisitions, net of cash acquired (294,987) (283,026)
Capital expenditures (25,781) (13,077)
Other investing activities (12,680) (5,510)
Net cash used in investing activities (333,448) (301,613)
Cash flows from financing activities:    
Purchase of treasury stock (59,116) (192,787)
Restricted stock withholding taxes paid in lieu of issued shares (37,936) (26,955)
Proceeds from shares issued for stock-based compensation 28,633 37,398
Other financing activities (1,617) (4,939)
Net cash used in financing activities (70,036) (187,283)
Effect of exchange rate fluctuations on cash and cash equivalents (1,456) (16,928)
Net decrease in cash and cash equivalents (44,455) (152,321)
Cash and cash equivalents, beginning of period 777,139 881,501
Cash and cash equivalents, end of period 732,684 729,180
Supplemental disclosure of cash flow information:    
Income taxes paid $ 73,561 $ 74,086