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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Operating activities                
Net income $ 262,171 $ 217,952 $ 196,247 $ 184,239 $ 480,123 $ 380,486    
Adjustments to reconcile net income to net cash provided by operating activities:                
Depreciation         43,783 36,094    
Stock-based compensation         66,648 35,632    
Provision for credit losses on accounts and other receivables         52,704 8,521    
Amortization of deferred financing costs and discounts         4,131 3,248    
Amortization of intangible assets and premium on receivables         111,493 98,853    
Loss on extinguishment of debt         1,934 6,230    
Deferred income taxes         (10,864) 8,216    
Other non-cash operating loss         425 72    
Changes in operating assets and liabilities (net of acquisitions/dispositions):                
Accounts and other receivables         (1,225,705) (706,574)    
Prepaid expenses and other current assets         (89,933) 115,239    
Other assets         (48,270) 20,715    
Accounts payable, accrued expenses and customer deposits         655,384 349,710    
Net cash provided by operating activities         41,853 356,442    
Investing activities                
Acquisitions, net of cash acquired         (33,744) (114,994)    
Purchases of property and equipment         (66,629) (45,765) $ (111,530) $ (78,425)
Other         0 (2,281)    
Net cash used in investing activities         (100,373) (163,040)    
Financing activities                
Proceeds from issuance of common stock         18,837 35,921    
Repurchase of common stock         (795,302) (416,585)    
Borrowings on securitization facility, net         482,000 300,000    
Deferred financing costs         (337) (21,039)    
Proceeds from notes payable         3,000,000 1,150,000    
Principal payments on notes payable         (2,777,000) (419,250)    
Borrowings from revolver         1,550,000 405,000    
Payments on revolver         (1,356,000) (623,851)    
Borrowings (payments) on swing line of credit, net         194 (51,157)    
Other         0 (366)    
Net cash provided by financing activities         122,392 358,673    
Effect of foreign currency exchange rates on cash         41,866 30,609    
Net increase in cash and cash equivalents and restricted cash         105,738 582,684    
Cash and cash equivalents and restricted cash, beginning of period   $ 2,250,695   $ 1,476,619 2,250,695 1,476,619 1,476,619  
Cash and cash equivalents and restricted cash, end of period $ 2,356,433   $ 2,059,303   2,356,433 2,059,303 $ 2,250,695 $ 1,476,619
Supplemental cash flow information                
Cash paid for interest         73,323 54,818    
Cash paid for income taxes         $ 215,653 $ 113,969