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Unaudited Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income $ 729,008 $ 614,493
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 67,066 55,605
Stock-based compensation 100,828 52,085
Provision for credit losses on accounts and other receivables 89,976 19,419
Amortization of deferred financing costs and discounts 5,949 4,903
Amortization of intangible assets and premium on receivables 165,423 153,579
Loss on extinguishment of debt 1,934 6,230
Deferred income taxes (7,987) 10,051
Other non-cash operating loss 601 72
Changes in operating assets and liabilities (net of acquisitions/dispositions):    
Accounts and other receivables (950,237) (1,020,900)
Prepaid expenses and other current assets (300,600) 190,543
Other assets (105,013) 28,370
Accounts payable, accrued expenses and customer deposits 641,659 485,091
Net cash provided by operating activities 438,607 599,541
Investing activities    
Acquisitions, net of cash acquired (160,117) (545,052)
Purchases of property and equipment (107,631) (74,455)
Other 0 (2,281)
Net cash used in investing activities (267,748) (621,788)
Financing activities    
Proceeds from issuance of common stock 22,109 48,159
Repurchase of common stock (1,295,644) (822,277)
Borrowings on securitization facility, net 364,000 398,000
Deferred financing costs (10,282) (21,508)
Proceeds from notes payable 3,000,000 1,150,000
Principal payments on notes payable (2,800,500) (462,438)
Borrowings from revolver 4,338,000 1,140,000
Payments on revolver (3,658,000) (798,851)
Borrowings (payments) on swing line of credit, net 194 (51,049)
Other 0 (811)
Net cash (used in) provided by financing activities (40,123) 579,225
Effect of foreign currency exchange rates on cash (80,551) (24,660)
Net increase in cash and cash equivalents and restricted cash 50,185 532,318
Cash and cash equivalents and restricted cash, beginning of period 2,250,695 1,476,619
Cash and cash equivalents and restricted cash, end of period 2,300,880 2,008,937
Supplemental cash flow information    
Cash paid for interest 138,310 96,146
Cash paid for income taxes $ 309,567 $ 147,028