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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 1,793,393 $ 1,527,791
Accounts receivable, less allowance for credit loss of $5,941 at March 31, 2021 and $5,579 at December 31, 2020 2,227,039 1,998,055
Deferred contract costs 387,845 327,448
Other 85,918 110,250
Total current assets 4,494,195 3,963,544
Property and equipment, less accumulated depreciation and amortization of $523,829 at March 31, 2021 and $516,988 at December 31, 2020 497,376 506,425
Operating lease right-of-use assets 438,667 432,723
Goodwill 7,927 7,927
Other assets, net 16,832 16,884
Total assets 5,454,997 4,927,503
Current Liabilities:    
Accounts payable 1,295,178 1,136,859
Accrued expenses, primarily salaries and related costs 311,767 257,021
Contract liabilities 447,779 379,722
Current portion of operating lease liabilities 76,128 74,004
Federal, state and foreign income taxes 64,170 45,437
Total current liabilities 2,195,022 1,893,043
Noncurrent portion of operating lease liabilities 369,286 364,185
Deferred federal and state income taxes, net 12,039 7,048
Commitments and contingencies
Shareholders’ Equity:    
Preferred stock, none issued 0 0
Common stock, par value $0.01 per share. Issued and outstanding: 168,808 shares at March 31, 2021 and 169,294 shares at December 31, 2020 1,688 1,693
Additional paid-in capital 101,269 157,496
Retained earnings 2,887,323 2,600,201
Accumulated other comprehensive loss (115,486) (99,753)
Total shareholders’ equity 2,874,794 2,659,637
Noncontrolling interest 3,856 3,590
Total equity 2,878,650 2,663,227
Total liabilities and equity $ 5,454,997 $ 4,927,503