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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 923,735 $ 1,051,099
Accounts receivable, less allowance for doubtful accounts of $15,345 in 2018 and $12,858 in 2017 1,581,530 1,414,741
Deferred contract costs 159,510 0
Other 70,041 75,612
Total current assets 2,734,816 2,541,452
Property and equipment, net 504,105 525,203
Goodwill 7,927 7,927
Deferred Federal and state income taxes, net 40,465 13,207
Other assets, net 27,246 29,219
Total assets 3,314,559 3,117,008
Current Liabilities:    
Accounts payable 902,259 866,305
Accrued expenses, primarily salaries and related costs 215,813 206,320
Contract liabilities 190,343 0
Federal, state and foreign income taxes 18,424 20,494
Total current liabilities 1,326,839 1,093,119
Noncurrent Federal income tax payable 0 29,516
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 171,582 shares at December 31, 2018 and 176,374 shares at December 31, 2017 1,716 1,764
Additional paid-in capital 1,896 546
Retained earnings 2,088,707 2,063,512
Accumulated other comprehensive loss (105,481) (73,964)
Total shareholders’ equity 1,986,838 1,991,858
Noncontrolling interest 882 2,515
Total equity 1,987,720 1,994,373
Total liabilities and equity $ 3,314,559 $ 3,117,008