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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
 [3]
Operating activities      
Net income $ 895,073 [1],[2] $ 811,483 $ 740,200 [4]
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 62,784 [1] 52,936 46,599
Stock-based compensation 60,953 [1] 69,939 93,297
Provision for losses on accounts receivable 74,309 [1] 64,377 44,857
Amortization of deferred financing costs and discounts 5,106 [1] 5,342 6,952
Amortization of intangible assets and premium on receivables 211,426 [1] 221,673 217,961
Loss on extinguishment of debt 0 [1],[2] 2,098 3,296 [4]
Loss on write-off of fixed assets 1,819 [1] 8,793 0
Deferred income taxes 37,883 [1] (2,750) (247,712)
Investment loss, net 3,470 [1],[2] 7,147 53,164 [4]
Gain on sale of assets/business 0 [1] (152,750) (174,983)
Other non-cash operating income (1,297) [1] (186) (61)
Changes in operating assets and liabilities (net of acquisitions/disposition):      
Accounts receivable and other receivables (196,028) [1] (159,024) (431,003)
Prepaid expenses and other current assets (185,391) [1] (27,650) 26,102
Other assets (6,792) [1] (25,432) (20,957)
Accounts payable, accrued expenses and customer deposits 198,756 [1] 27,386 322,346
Net cash provided by operating activities 1,162,071 [1] 903,382 680,058
Investing activities      
Acquisitions, net of cash acquired (448,277) [1] (20,843) (705,257)
Purchases of property and equipment (75,170) [1] (81,387) (70,093)
Proceeds from disposal of an asset/business 0 [1] 98,735 316,501
Other (255) [1] (22,775) (38,953)
Net cash used in investing activities (523,702) [1] (26,270) (497,802)
Financing activities      
Proceeds from issuance of common stock 168,925 [1] 55,680 44,690
Repurchase of common stock (694,909) [1] (958,696) (402,393)
Borrowings (payments) on securitization facility, net 84,973 [1] 75,000 220,000
Deferred financing costs paid and debt discount (2,868) [1] (4,927) (12,908)
Proceeds from issuance of notes payable 700,000 [1] 363,430 780,656
Principal payments on notes payable (138,500) [1] (498,305) (423,156)
Borrowings from revolver 1,811,509 [1] 1,493,091 1,100,000
Payments on revolver (2,292,349) [1] (1,099,040) (1,031,722)
Borrowings from (payments on) swing line of credit, net [1] 52,996    
Borrowings from (payments on) swing line of credit, net   (4,935) (23,686)
Other 52 [1] 887 457
Net cash (used in) provided by financing activities (310,171) [1] (577,815) 251,938
Effect of foreign currency exchange rates on cash (17,854) [1] (65,274) 52,906
Net increase in cash and cash equivalents and restricted cash 310,344 [1] 234,023 487,100
Cash and cash equivalents and restricted cash, beginning of year 1,364,893 [1] 1,130,870 [3] 643,770
Cash and cash equivalents and restricted cash, end of year 1,675,237 [1] 1,364,893 [1] 1,130,870
Supplemental cash flow information      
Cash paid for interest 178,417 [1] 156,749 113,416
Cash paid for income taxes 200,525 [1] 207,504 392,192
Non cash investing activity, notes assumed in acquisitions $ 0 [1] $ 0 $ 29,341
[1] Reflects the impact of the Company's adoption of ASU 2016-02 "Leases", on January 1, 2019 using the modified retrospective transition method. The adoption of the Leases guidance resulted in an adjustment to other assets, other current liabilities and other noncurrent liabilities in our consolidated balance sheet for the cumulative effect of applying the standard. Financial results reported in periods prior to 2019 are unchanged.
[2] Reflects the impact of the Company's adoption of ASU 2016-02 "Leases", on January 1, 2019, using a modified retrospective transition method. Under this method, financial results reported in periods prior to 2019 are unchanged. Refer to footnote 14.
[3] 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.
[4] The Company applied the modified retrospective transition method when adopting ASC 606, therefore the Company's 2017 prior period results were not restated to reflect ASC 606.