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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (includes restricted cash of $3,842 and $3,878 at March 31, 2024 and December 31, 2023, respectively) $ 519,315 $ 461,693
Accounts receivable (net of allowances of $4,326 and $3,968 at March 31, 2024 and December 31, 2023, respectively) 745,611 839,555
Prepaid income taxes 44,027 59,002
Prepaid and other assets 55,964 57,903
Total current assets 1,364,917 1,418,153
Property, equipment and leasehold improvements, net 55,802 55,920
Right of use assets 132,270 115,243
Goodwill 2,890,519 2,887,692
Intangible assets, net 948,479 956,234
Deferred tax assets 38,886 41,074
Other non-current assets 47,716 43,903
Total assets 5,478,589 5,518,219
Current liabilities:    
Accounts payable 12,048 9,812
Income taxes payable 44,733 24,709
Accrued compensation and related benefits 84,582 219,456
Current portion of long-term debt 0 10,902
Other accrued liabilities 173,628 168,282
Deferred revenue 1,053,961 1,083,864
Total current liabilities 1,368,952 1,517,025
Long-term debt 4,507,686 4,496,826
Long-term operating lease liabilities 135,043 120,134
Deferred tax liabilities 17,737 27,028
Other non-current liabilities 99,688 96,970
Total liabilities 6,129,106 6,257,983
Commitments and Contingencies (see Note 8)
Shareholders’ equity (deficit):    
Preferred stock (par value $0.01; 100,000,000 shares authorized; no shares issued) 0 0
Common stock (par value $0.01; 750,000,000 common shares authorized; 134,070,097 and 133,817,332 common shares issued and 79,224,049 and 79,091,212 common shares outstanding at March 31, 2024 and December 31, 2023, respectively) 1,341 1,338
Treasury shares, at cost (54,846,048 and 54,726,120 common shares held at March 31, 2024 and December 31, 2023, respectively) (6,517,130) (6,447,101)
Additional paid in capital 1,622,638 1,587,670
Retained earnings 4,306,191 4,179,681
Accumulated other comprehensive loss (63,557) (61,352)
Total shareholders’ equity (deficit) (650,517) (739,764)
Total liabilities and shareholders’ equity (deficit) $ 5,478,589 $ 5,518,219