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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 1,527,791 $ 1,230,491
Accounts receivable, net 1,998,055 1,315,091
Deferred contract costs 327,448 131,783
Other 110,250 92,558
Total current assets 3,963,544 2,769,923
Property and equipment, net 506,425 499,344
Operating lease right-of-use assets 432,723 390,035
Goodwill 7,927 7,927
Deferred federal and state income taxes, net 0 8,034
Other assets, net 16,884 16,621
Total assets 4,927,503 3,691,884
Current Liabilities:    
Accounts payable 1,136,859 735,695
Accrued expenses, primarily salaries and related costs 257,021 189,446
Contract liabilities 379,722 154,183
Current portion of operating lease liabilities 74,004 65,367
Federal, state and foreign income taxes 45,437 23,627
Total current liabilities 1,893,043 1,168,318
Noncurrent portion of operating lease liabilities 364,185 326,347
Deferred federal and state income taxes, net 7,048 0
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. Issued and outstanding:169,294 shares at December 31, 2020 and 169,622 shares at December 31, 2019 1,693 1,696
Additional paid-in capital 157,496 3,203
Retained earnings 2,600,201 2,321,316
Accumulated other comprehensive loss (99,753) (131,187)
Total shareholders’ equity 2,659,637 2,195,028
Noncontrolling interest 3,590 2,191
Total equity 2,663,227 2,197,219
Total liabilities and equity $ 4,927,503 $ 3,691,884