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CONDENSED 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 $ 265,763 $ 251,456
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and intangible assets amortization 86,239 80,500
Operating lease right-of-use assets expense 17,356 16,896
Deferred income tax benefit (63,560) (22,459)
Provision for bad debts 2,476 827
Stock-based compensation expense 122,119 122,148
Gain on equity investment 0 (15,139)
Other 4,986 1,940
Changes in operating assets and liabilities:    
Accounts receivable 66,369 86,098
Other receivables and current assets 96,641 57,992
Other long-term assets (3,121) (2,548)
Accounts payable, accrued expenses and current liabilities (111,039) (58,520)
Accrued income taxes 9,751 (18,997)
Deferred revenue (28,203) (46,467)
Other long-term liabilities (8,746) (5,898)
Net cash provided by operating activities 457,031 447,829
Cash flows from investing activities:    
Acquisitions, net of cash acquired (242,613) (105,141)
Capital expenditures (15,227) (18,133)
Other investing activities (782) (382)
Net cash used in investing activities (258,622) (123,656)
Cash flows from financing activities:    
Principal payments on long-term debt 0 (45,000)
Purchase of treasury stock (155,571) (35,993)
Restricted stock withholding taxes paid in lieu of issued shares (62,035) (92,143)
Proceeds from shares issued for stock-based compensation 20,918 26,321
Other financing activities (1,290) (50)
Net cash used in financing activities (197,978) (146,865)
Effect of exchange rate fluctuations on cash and cash equivalents (35,589) (9,142)
Net (decrease) increase in cash and cash equivalents (35,158) 168,166
Cash and cash equivalents, beginning of period 667,667 912,672
Cash and cash equivalents, end of period 632,509 1,080,838
Supplemental disclosure of cash flow information:    
Income taxes paid 42,055 59,973
Interest paid 12,192 8,721
Fair value of unpaid consideration in connection with acquisitions $ 3,391 $ 0