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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 378,615 $ 333,890
Receivables, net of allowance for doubtful accounts of $41,131 and $42,409 2,162,438 2,113,930
Contract assets 159,635 0
Prepaid expenses and other 52,386 63,116
Total current assets 2,753,074 2,510,936
Property and equipment 498,847 497,909
Accumulated depreciation and amortization (270,546) (267,583)
Net property and equipment 228,301 230,326
Goodwill 1,258,922 1,275,816
Other intangible assets, net of accumulated amortization of $156,246 and $122,283 108,822 151,585
Deferred tax assets 9,993 6,870
Other assets 68,300 60,301
Total assets 4,427,412 4,235,834
Current liabilities:    
Accounts payable 971,023 1,000,305
Outstanding checks 92,084 96,359
Accrued expenses–    
Compensation 153,626 105,316
Transportation expense 119,820 0
Income taxes 28,360 12,240
Other accrued liabilities 63,410 58,229
Current portion of debt 5,000 715,000
Total current liabilities 1,433,323 1,987,449
Long-term debt 1,341,352 750,000
Noncurrent income taxes payable 21,463 26,684
Deferred tax liabilities 35,757 45,355
Other long-term liabilities 430 601
Total liabilities 2,832,325 2,810,089
Commitments and contingencies
Stockholders’ investment:    
Preferred stock, $0.10 par value, 20,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.10 par value, 480,000 shares authorized; 179,400 and 179,103 shares issued, 137,284 and 139,542 outstanding 13,728 13,954
Additional paid-in capital 521,486 444,280
Retained earnings 3,845,593 3,437,093
Accumulated other comprehensive loss (71,935) (18,460)
Treasury stock at cost (42,116 and 39,561 shares) (2,713,785) (2,451,122)
Total stockholders’ investment 1,595,087 1,425,745
Total liabilities and stockholders’ investment $ 4,427,412 $ 4,235,834