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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 1,465,510 $ 1,230,491
Accounts receivable, less allowance for credit loss of $5,171 at September 30, 2020 and $11,143 at December 31, 2019 1,582,424 1,315,091
Deferred contract costs 232,351 131,783
Other 129,617 92,558
Total current assets 3,409,902 2,769,923
Property and equipment, less accumulated depreciation and amortization of $510,103 at September 30, 2020 and $478,906 at December 31, 2019 499,189 499,344
Operating lease right-of-use assets 422,002 390,035
Goodwill 7,927 7,927
Deferred federal and state income taxes, net 3,130 8,034
Other assets, net 16,404 16,621
Total assets 4,358,554 3,691,884
Current Liabilities:    
Accounts payable 888,761 735,695
Accrued expenses, primarily salaries and related costs 236,826 189,446
Contract liabilities 267,266 154,183
Current portion of operating lease liabilities 70,755 65,367
Federal, state and foreign income taxes 33,100 23,627
Total current liabilities 1,496,708 1,168,318
Noncurrent portion of operating lease liabilities 357,373 326,347
Commitments and contingencies
Shareholders’ Equity:    
Preferred stock, none issued 0 0
Common stock, par value $0.01 per share. Issued and outstanding: 169,231 shares at September 30, 2020 and 169,622 shares at December 31, 2019 1,692 1,696
Additional paid-in capital 145,924 3,203
Retained earnings 2,489,694 2,321,316
Accumulated other comprehensive loss (135,281) (131,187)
Total shareholders’ equity 2,502,029 2,195,028
Noncontrolling interest 2,444 2,191
Total equity 2,504,473 2,197,219
Total liabilities and equity $ 4,358,554 $ 3,691,884