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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
[1]
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,057,465 $ 1,031,145 [2]
Restricted cash 315,106 333,748
Accounts and other receivables (less allowance for doubtful accounts of $66,194 at March 31, 2019 and $59,963 at December 31, 2018) 1,655,459 1,425,815
Securitized accounts receivable—restricted for securitization investors 942,000 886,000
Prepaid expenses and other current assets 202,029 199,278
Total current assets 4,172,059 3,875,986
Property and equipment, net 186,251 186,201
Goodwill 4,549,099 4,542,074
Other intangibles, net 2,355,639 2,407,910
Investments 26,506 42,674
Other assets 225,361 147,632
Total assets 11,514,915 11,202,477
Current liabilities:    
Accounts payable 1,518,827 1,117,649
Accrued expenses 311,357 261,594
Customer deposits 768,342 926,685
Securitization facility 942,000 886,000
Current portion of notes payable and lines of credit 865,318 1,184,616
Other current liabilities 156,254 118,669
Total current liabilities 4,562,098 4,495,213
Notes payable and other obligations, less current portion 2,708,251 2,748,431
Deferred income taxes 494,025 491,946
Other noncurrent liabilities 219,574 126,707
Total noncurrent liabilities 3,421,850 3,367,084
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.001 par value; 475,000,000 shares authorized; 123,406,538 shares issued and 86,189,402 shares outstanding at March 31, 2019; and 123,035,859 shares issued and 85,845,344 shares outstanding at December 31, 2018 123 123
Additional paid-in capital 2,382,179 2,306,843
Retained earnings 3,989,763 3,817,656
Accumulated other comprehensive loss (934,192) (913,858)
Less treasury stock, 37,217,136 shares at March 31, 2019 and 37,190,515 shares at December 31, 2018 (1,906,906) (1,870,584)
Total stockholders’ equity 3,530,967 3,340,180
Total liabilities and stockholders’ equity $ 11,514,915 $ 11,202,477
[1] Reflects the impact of the Company's adoption of ASU 2016-02 "Leases", on January 1, 2019, using the modified retrospective transition method. Under this method, financial results reported in periods prior to 2019 are unchanged. Refer to footnote 2.
[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.