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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 839,497 $ 704,216 $ 895,073
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 75,571 65,181 62,784
Stock based compensation 80,071 43,384 60,953
Provision for losses on accounts and other receivables 37,919 158,549 74,309
Amortization of deferred financing costs and discounts 6,831 6,486 5,106
Amortization of intangible assets and premium on receivables 208,625 189,620 211,426
Deferred income taxes 11,026 15,668 37,883
Loss on extinguishment of debt 16,194 0 0
Investment (gain) loss, net (9) (30,008) 3,470
Other non-cash operating income (784) (1,985) 522
Changes in operating assets and liabilities (net of acquisitions/disposition):      
Accounts receivable and other receivables (731,137) 264,140 (196,028)
Prepaid expenses and other current assets 186,268 (14,521) (185,391)
Other assets 36,832 12,656 (6,792)
Accounts payable, accrued expenses and customer deposits 430,159 59,203 198,756
Net cash provided by operating activities 1,197,063 1,472,589 1,162,071
Investing activities      
Acquisitions, net of cash acquired (602,120) (80,787) (448,277)
Purchases of property and equipment (111,530) (78,425) (75,170)
Proceeds from disposal of investment 0 52,963 0
Other (2,281) 0 (255)
Net cash used in investing activities (715,931) (106,249) (523,702)
Financing activities      
Proceeds from issuance of common stock 48,781 136,797 168,925
Repurchase of common stock (1,355,722) (849,910) (694,909)
Borrowings (payments) on securitization facility, net 418,000 (270,973) 84,973
Deferred financing costs paid and debt discount (38,920) (2,637) (2,868)
Proceeds from issuance of notes payable 1,900,000 0 700,000
Principal payments on notes payable (507,500) (175,285) (138,500)
Borrowings from revolver 1,910,000 1,243,500 1,811,509
Payments on revolver (1,978,851) (1,496,907) (2,292,349)
(Payments) borrowings on swing line of credit, net (51,049) (1,042) 52,996
Other (811) (344) 52
Net cash provided by (used in) financing activities 343,928 (1,416,801) (310,171)
Effect of foreign currency exchange rates on cash (50,984) (148,157) (17,854)
Net increase (decrease) in cash and cash equivalents and restricted cash 774,076 (198,618) 310,344
Cash and cash equivalents and restricted cash, beginning of year 1,476,619 1,675,237 1,364,893
Cash and cash equivalents and restricted cash, end of year 2,250,695 1,476,619 1,675,237
Supplemental cash flow information      
Cash paid for interest 132,504 126,460 178,417
Cash paid for income taxes $ 229,721 $ 165,315 $ 200,525