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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
[1]
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 924,442 $ 913,595 [2]
Restricted cash 264,108 217,275
Accounts and other receivables (less allowance for doubtful accounts of $52,022 at September 30, 2018 and $46,031 at December 31, 2017) 1,811,339 1,420,011
Securitized accounts receivable—restricted for securitization investors 931,000 811,000
Prepaid expenses and other current assets 202,102 187,820
Total current assets 4,132,991 3,549,701
Property and equipment, net 184,979 180,057
Goodwill 4,517,348 4,715,823
Other intangibles, net 2,438,627 2,724,957
Investments 33,032 32,859
Other assets 143,913 114,962
Total assets 11,450,890 11,318,359
Current liabilities:    
Accounts payable 1,616,949 1,437,314
Accrued expenses 252,069 238,472
Customer deposits 825,371 732,171
Securitization facility 931,000 811,000
Current portion of notes payable and lines of credit 768,548 805,512
Other current liabilities 90,531 71,033
Total current liabilities 4,484,468 4,095,502
Notes payable and other obligations, less current portion 2,773,378 2,902,104
Deferred income taxes 506,310 518,912
Other noncurrent liabilities 124,486 125,319
Total noncurrent liabilities 3,404,174 3,546,335
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.001 par value; 475,000,000 shares authorized; 122,823,669 shares issued and 88,648,486 shares outstanding at September 30, 2018; and 122,083,059 shares issued and 89,803,982 shares outstanding at December 31, 2017 123 122
Additional paid-in capital 2,316,753 2,214,224
Retained earnings 3,515,657 2,958,921
Accumulated other comprehensive loss (944,746) (551,857)
Less treasury stock (34,175,183 shares at September 30, 2018 and 32,279,077 shares at December 31, 2017) (1,325,539) (944,888)
Total stockholders’ equity 3,562,248 3,676,522
Total liabilities and stockholders’ equity $ 11,450,890 $ 11,318,359
[1] Reflects the January 1, 2018 adoption of Accounting Standards Update 2014-09, "Revenue from Contracts with Customers (Topic 606)" and related cost capitalization guidance using the modified retrospective transition method. The adoption of Topic 606 resulted in an adjustment to retained earnings in our consolidated balance sheet for the cumulative effect of applying the standard, which included costs incurred to obtain a contract, as well as presentation changes in our statements of income, including the classification of certain amounts previously classified as merchant commissions and processing expense net with revenues. As a result of the application of the modified retrospective transition method, the Company's prior period results within its annual report on Form 10-K and quarterly reports on Form 10-Q will not be restated to reflect the impact of Topic 606. See footnote 1.
[2] Reflects the impact of the Company's adoption of Accounting Standards Update 2016-18, "Statement of Cash Flows (Topic 230)", which was adopted by the Company on January 1, 2018 and applied retrospectively to results for 2017. The adoption of Topic 230 resulted in the statement of cash flows presenting the changes in the total of cash, cash equivalents and restricted cash. As a result, the Company will no longer present transfers between cash and cash equivalents and restricted cash in the statement of cash flows.