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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
[1]
Operating activities      
Net income $ 704,216 $ 895,073 $ 811,483 [2]
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 65,181 62,784 52,936
Stock-based compensation 43,384 60,953 69,939
Provision for losses on accounts and other receivables 158,549 74,309 64,377
Amortization of deferred financing costs and discounts 6,486 5,106 5,342
Amortization of intangible assets and premium on receivables 189,620 211,426 221,673
Deferred income taxes (15,112) 37,883 (2,750)
Loss on extinguishment of debt 0 0 2,098 [2]
Investment (gain) loss, net (30,008) 3,470 7,147 [2]
Gain on sale of assets/business 0 0 (152,750)
Other non-cash operating income2 [3] (1,985) 522 8,607
Changes in operating assets and liabilities (net of acquisitions/disposition):      
Accounts receivable and other receivables 264,140 (196,028) (159,024)
Prepaid expenses and other current assets (14,521) (185,391) (27,650)
Other assets 12,656 (6,792) (25,432)
Accounts payable, accrued expenses and customer deposits 89,983 198,756 27,386
Net cash provided by operating activities 1,472,589 1,162,071 903,382
Investing activities      
Acquisitions, net of cash acquired (80,787) (448,277) (20,843)
Purchases of property and equipment (78,425) (75,170) (81,387)
Proceeds from disposal of an asset/business 0 0 98,735
Proceeds from disposal of investment 52,963 0 0
Other 0 (255) (22,775)
Net cash used in investing activities (106,249) (523,702) (26,270)
Financing activities      
Proceeds from issuance of common stock 136,797 168,925 55,680
Repurchase of common stock (849,910) (694,909) (958,696)
(Payments) borrowings on securitization facility, net (270,973) 84,973 75,000
Deferred financing costs paid and debt discount (2,637) (2,868) (4,927)
Proceeds from issuance of notes payable 0 700,000 363,430
Principal payments on notes payable (175,285) (138,500) (498,305)
Borrowings from revolver 1,243,500 1,811,509 1,493,091
Payments on revolver (1,496,907) (2,292,349) (1,099,040)
(Payments) borrowings on swing line of credit, net (1,042) 52,996 (4,935)
Other (344) 52 887
Net cash used in financing activities (1,416,801) (310,171) (577,815)
Effect of foreign currency exchange rates on cash (148,157) (17,854) (65,274)
Net (decrease) increase in cash and cash equivalents and restricted cash (198,618) 310,344 234,023
Cash and cash equivalents and restricted cash, beginning of year 1,675,237 1,364,893 [1] 1,130,870
Cash and cash equivalents and restricted cash, end of year 1,476,619 1,675,237 1,364,893
Supplemental cash flow information      
Cash paid for interest 126,460 178,417 156,749
Cash paid for income taxes $ 165,315 $ 200,525 $ 207,504
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201602Member    
[1] The Company applied the modified retrospective transition method when adopting ASU 2016-02 "Leases", therefore the Company's 2018 prior results were not restated to reflect ASU 2016-02. Refer to footnote 14.
[2] The Company applied the modified retrospective transition method when adopting ASU 2016-02 "Leases", therefore the Company's 2018 prior results were not restated to reflect ASU 2016-02. Refer to footnote 14.
[3] Comparable disclosure provided to conform with 2020 presentation.