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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES    
Net income $ 243,684 $ 211,783
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 32,682 29,349
Provision for doubtful accounts 9,053 11,128
Stock-based compensation 31,019 16,423
Deferred income taxes (1,780) 5,894
Gain on divestiture 0 (1,848)
Loss on sale/disposal of assets 438 500
Changes in operating elements (net of acquisitions):    
Receivables (87,663) (261,334)
Prepaid expenses and other (19,802) (14,214)
Other non-current assets 736 270
Accounts payable and outstanding checks 56,891 121,109
Accrued compensation and profit-sharing contribution (32,027) (6,137)
Accrued income taxes 21,230 12,698
Other accrued liabilities (3,265) 2,747
Net cash provided by operating activities 251,196 128,368
INVESTING ACTIVITIES    
Purchases of property and equipment (11,542) (14,860)
Purchases and development of software (8,063) (3,964)
Acquisitions, net of cash acquired (369,143) 0
Restricted cash 359,388 0
Other 361 268
Net cash used for investing activities (28,999) (18,556)
FINANCING ACTIVITIES    
Proceeds from stock issued for employee benefit plans 9,858 7,417
Stock tendered for payment of withholding taxes (10,190) (11,288)
Repurchase of common stock (89,923) (48,869)
Cash dividends (114,517) (104,909)
Excess tax benefit on stock-based compensation 6,040 5,198
Proceeds from short-term borrowings 3,893,000 2,435,000
Payments on short-term borrowings (3,868,000) (2,410,000)
Net cash used for financing activities (173,732) (127,451)
Effect of exchange rates on cash (5,954) (193)
Net increase (decrease) in cash and cash equivalents 42,511 (17,832)
Cash and cash equivalents, beginning of period 128,940 $ 162,047
Cash and cash equivalents, end of period $ 171,451