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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 111,848 $ 100,600
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 7,362 7,749
Provision (benefit) for doubtful accounts / advances 38 (68)
Realized gains on sales of short term investments (2,477) (6,226)
Deferred income taxes (2,517) (805)
Compensation expense related to restricted stock 3,682 3,414
Unrealized foreign exchange loss 406 916
Changes in assets and liabilities:    
Accounts receivable and revenue earned in excess of billings 1,259 (15,117)
Other current assets (5,261) (20,664)
Accounts payable, accrued payroll and other liabilities (1,004) 4,012
Deferred revenue (3,686) (336)
Net cash provided by operating activities 109,650 73,475
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment expenditures (9,133) (10,131)
Proceeds from sale of property and equipment 157 83
Purchase of mutual funds (92,702) (53,272)
Purchase of term deposits with banks (219,235) (134,809)
Proceeds from sales of mutual funds 135,179 118,265
Maturities of term deposits with banks 314,845 303,923
Net cash provided by investing activities 129,111 224,059
CASH FLOWS FROM FINANCING ACTIVITIES:    
Excess tax benefits on stock-based compensation plans 23 295
Proceeds from loans and borrowings 60,250  
Repayment of loans and borrowings (93,125) (4,125)
Net cash used in financing activities (32,852) (3,830)
Effect of foreign currency exchange rate changes on cash (3,962) (1,529)
Change in cash and cash equivalents 201,947 292,175
Cash and cash equivalents, beginning of period 500,499 197,708
Cash and cash equivalents, end of period 702,446 489,883
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 37,540 26,641
Cash paid for interest $ 1,152 $ 1,112