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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net income $ 309,601 $ 259,167
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 22,941 14,780
Stock-based compensation 44,387 26,292
Provision for losses on accounts receivable 18,287 18,109
Amortization of deferred financing costs and discounts 5,295 1,599
Amortization of intangible assets 120,055 55,737
Amortization of premium on receivables 2,439 2,445
Deferred income taxes (27,640) (1,280)
Equity method investment loss 13,926 3,689
Other non-cash operating expenses (2,476)  
Changes in operating assets and liabilities (net of acquisitions):    
Restricted cash 5,697 6,109
Accounts receivable (71,310) (137,942)
Prepaid expenses and other current assets 2,724 (3,036)
Other assets (3,297) 460
Excess tax benefits related to stock-based compensation (24,455) (53,251)
Accounts payable, accrued expenses, income taxes and deferred revenue 108,278 124,614
Net cash provided by operating activities 524,452 317,492
Investing activities    
Acquisitions, net of cash acquired (17,021) (261,919)
Purchases of property and equipment (29,526) (18,279)
Net cash used in investing activities (46,547) (280,198)
Financing activities    
Excess tax benefits related to stock-based compensation 24,455 53,251
Proceeds from issuance of common stock 13,977 21,922
Borrowings on securitization facility, net (10,000) 44,600
Deferred financing costs paid   (546)
Principal payments on notes payable (77,625) (20,625)
Borrowings from revolver - A Facility   182,330
Payments on revolver - A Facility (411,818) (381,385)
Payments on foreign revolver - B Facility   (7,337)
Borrowings from swing line of credit, net (601) 52,059
Payment of contingent consideration (40,310)  
Other (342) (462)
Net cash (used in) provided by financing activities (502,264) (56,193)
Effect of foreign currency exchange rates on cash (30,320) (15,097)
Net decrease in cash and cash equivalents (54,679) (33,996)
Cash and cash equivalents, beginning of period 477,069 338,105
Cash and cash equivalents, end of period 422,390 304,109
Supplemental cash flow information    
Cash paid for interest 55,959 19,238
Cash paid for income taxes $ 47,339 $ 63,553