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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 447,858 $ 378,615
Receivables, net of allowance for doubtful accounts of $32,838 and $41,131 1,974,381 2,162,438
Contract assets 132,874 159,635
Prepaid expenses and other 85,005 52,386
Total current assets 2,640,118 2,753,074
Property and equipment 489,976 498,847
Accumulated depreciation and amortization (281,553) (270,546)
Net property and equipment 208,423 228,301
Goodwill 1,291,760 1,258,922
Other intangible assets, net of accumulated amortization of $156,879 and $156,246 90,931 108,822
Right-of-use lease assets 310,860  
Deferred tax assets 13,485 9,993
Other assets 85,483 68,300
Total assets 4,641,060 4,427,412
Current liabilities:    
Accounts payable 984,604 971,023
Outstanding checks 78,231 92,084
Accrued expenses–    
Compensation 112,784 153,626
Transportation expense 101,194 119,820
Income taxes 12,354 28,360
Other accrued liabilities 62,706 63,410
Current lease liabilities 61,280  
Current portion of debt 142,885 5,000
Total current liabilities 1,556,038 1,433,323
Long-term debt 1,092,448 1,341,352
Noncurrent lease liabilities 259,444  
Noncurrent income taxes payable 22,354 21,463
Deferred tax liabilities 39,776 35,757
Other long-term liabilities 270 430
Total liabilities 2,970,330 2,832,325
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; 179,380 and 179,400 shares issued, 134,895 and 137,284 outstanding 13,490 13,728
Additional paid-in capital 546,646 521,486
Retained earnings 4,144,834 3,845,593
Accumulated other comprehensive loss (76,149) (71,935)
Treasury stock at cost (44,485 and 42,116 shares) (2,958,091) (2,713,785)
Total stockholders’ investment 1,670,730 1,595,087
Total liabilities and stockholders’ investment $ 4,641,060 $ 4,427,412