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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating Activities:        
Net earnings $ 359,910 $ 191,719 $ 964,834 $ 498,689
Adjustments to reconcile net earnings to net cash from operating activities:        
Provisions for losses on accounts receivable 3,739 398 6,028 4,607
Deferred income tax (benefit) expense (7,658) (1,276) 2,343 2,872
Stock compensation expense 15,204 12,297 57,298 45,091
Depreciation and amortization 12,753 15,851 38,415 42,620
Other, net 626 2,919 1,523 3,470
Changes in operating assets and liabilities:        
Increase in accounts receivable (714,300) (106,065) (1,377,997) (274,440)
Increase in accounts payable and accrued liabilities 436,343 94,232 769,525 201,929
Increase in deferred contract costs (328,932) (81,486) (550,572) (99,887)
Increase in contract liabilities 381,192 91,638 635,286 112,244
Increase (decrease) in income taxes payable, net 33,378 (41,286) 32,022 (10,644)
Increase in other, net (14,884) (17,373) (15,208) (13,242)
Net cash from operating activities 177,371 161,568 563,497 513,309
Investing Activities:        
Purchase of property and equipment (9,870) (9,178) (24,800) (37,419)
Other, net (157) 1,174 (53) 963
Net cash from investing activities (10,027) (8,004) (24,853) (36,456)
Financing Activities:        
Proceeds from borrowing on lines of credit, net 7,479 31 7,568 11
Proceeds from issuance of common stock 56,965 121,430 99,433 174,016
Repurchases of common stock (76,595)   (225,064) (314,225)
Dividends paid     (98,387) (86,815)
Payments for taxes related to net share settlement of equity awards (4)   (15,172) (10,566)
Distribution to noncontrolling interest (1,631)   (1,631)  
Net cash from financing activities (13,786) 121,461 (233,253) (237,579)
Effect of exchange rate changes on cash and cash equivalents (7,573) 10,030 (13,076) (4,255)
Change in cash and cash equivalents 145,985 285,055 292,315 235,019
Cash and cash equivalents at beginning of period 1,674,121 1,180,455 1,527,791 1,230,491
Cash and cash equivalents at end of period 1,820,106 1,465,510 1,820,106 1,465,510
Taxes Paid:        
Income taxes $ 104,617 $ 106,434 $ 295,153 $ 180,242