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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss)/income $ (105,381) $ 178,291
Adjustments to reconcile net (loss)/income to net cash provided by operating activities    
Depreciation and amortization 11,133 11,620
Provision (benefit) for doubtful accounts / advances 78 (83)
Realized gains on sales of short term investments (5,461) (10,437)
Deferred income taxes 5,533 (1,183)
Compensation expense related to restricted stock 5,334 5,104
Unrealized foreign exchange (income)/loss (2,159) 308
Changes in assets and liabilities:    
Accounts receivable and revenue earned in excess of billings 18,301 (29,667)
Other current assets 9,845 (21,426)
Accounts payable, accrued payroll and other liabilities 50,845 23,461
Deferred revenue (4,429) (71)
Net cash provided by operating activities (16,361) 155,917
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment expenditures (15,368) (13,852)
Proceeds from sale of property and equipment 228 172
Purchase of mutual funds (127,303) (74,859)
Purchase of term deposits with banks (223,836) (288,559)
Proceeds from sales of mutual funds 242,026 188,557
Maturities of term deposits with banks 620,178 334,118
Net cash provided by investing activities 495,925 145,577
CASH FLOWS FROM FINANCING ACTIVITIES:    
Excess tax benefits on stock-based compensation plans 168 70
Proceeds from loans and borrowings 540,250  
Repayment of loans and borrowings (190,000) (6,375)
Fees paid relating to loans and borrowing (1,026)  
Advance to transfer agent for dividend payout (1,261,500)  
Net cash used in financing activities (912,108) (6,305)
Effect of foreign currency exchange rate changes on cash (2,711) (15,993)
Change in cash and cash equivalents (435,255) 279,196
Cash and cash equivalents, beginning of period 500,499 197,708
Cash and cash equivalents, end of period 65,244 476,904
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 263,332 51,826
Cash paid for interest $ 1,376 $ 1,658