XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities:    
Net earnings $ 287,950 $ 122,782
Adjustments to reconcile net earnings to net cash from operating activities:    
Provisions for losses on accounts receivable 1,199 1,820
Deferred income tax expense (benefit) 8,151 (5,139)
Stock compensation expense 11,185 11,156
Depreciation and amortization 12,987 12,660
Other, net 551 433
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (252,914) 16,680
Increase in accounts payable and accrued expenses 233,153 917
Increase in deferred contract costs (71,258) (16,068)
Increase in contract liabilities 79,590 21,201
Increase in income taxes payable, net 46,638 10,488
Increase in other, net (1,488) (11,930)
Net cash from operating activities 355,744 165,000
Investing Activities:    
Purchase of property and equipment (8,391) (6,127)
Other, net (34) (143)
Net cash from investing activities (8,425) (6,270)
Financing Activities:    
Proceeds from issuance of common stock 19,757 23,399
Repurchases of common stock (85,997) (283,240)
Payments for taxes related to net share settlement of equity awards (1,275) (1,396)
Net cash from financing activities (67,515) (261,237)
Effect of exchange rate changes on cash and cash equivalents (14,202) (16,011)
Change in cash and cash equivalents 265,602 (118,518)
Cash and cash equivalents at beginning of period 1,527,791 1,230,491
Cash and cash equivalents at end of period 1,793,393 1,111,973
Taxes Paid:    
Income taxes $ 46,607 $ 35,304