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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 1,051,099 $ 974,435
Accounts receivable, less allowance for doubtful accounts of $12,858 in 2017 and $9,247 in 2016 1,414,741 1,190,130
Other 75,612 54,014
Total current assets 2,541,452 2,218,579
Property and equipment, net 525,203 536,572
Goodwill 7,927 7,927
Deferred Federal and state income taxes, net 13,207 0
Other assets, net 29,219 27,793
Total assets 3,117,008 2,790,871
Current Liabilities:    
Accounts payable 866,305 726,571
Accrued expenses, primarily salaries and related costs 206,320 185,502
Federal, state and foreign income taxes 20,494 17,858
Total current liabilities 1,093,119 929,931
Noncurrent Federal income tax payable 29,516 0
Deferred Federal and state income taxes, net 0 13,727
Commitments and contingencies
Shareholders’ Equity:    
Preferred stock, par value $0.01 per share, authorized 2,000 shares; none issued 0 0
Common stock, par value $0.01 per share, authorized 640,000 shares; issued and outstanding 176,374 shares at December 31, 2017 and 179,857 shares at December 31, 2016 1,764 1,799
Additional paid-in capital 546 2,642
Retained earnings 2,063,512 1,944,789
Accumulated other comprehensive loss (73,964) (104,592)
Total shareholders’ equity 1,991,858 1,844,638
Noncontrolling interest 2,515 2,575
Total equity 1,994,373 1,847,213
Total liabilities and equity $ 3,117,008 $ 2,790,871