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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities:    
Net earnings $ 349,480 $ 287,950
Adjustments to reconcile net earnings to net cash from operating activities:    
(Recoveries) provisions for losses on accounts receivable (416) 1,199
Deferred income tax (benefit) expense (3,236) 8,151
Stock compensation expense 11,603 11,185
Depreciation and amortization 12,975 12,987
Other, net 455 551
Changes in operating assets and liabilities:    
Increase in accounts receivable (132,348) (252,914)
Increase in accounts payable and accrued liabilities 140,191 233,238
Decrease (increase) in deferred contract costs 173,930 (71,258)
(Decrease) increase in contract liabilities (193,357) 79,590
Increase in income taxes payable, net 46,259 46,638
Decrease (increase) in other, net 8,410 (1,488)
Net cash from operating activities 413,946 355,829
Investing Activities:    
Purchase of property and equipment (14,412) (8,391)
Other, net 79 (34)
Net cash from investing activities (14,333) (8,425)
Financing Activities:    
Proceeds from borrowing on lines of credit, net 19,490 (85)
Proceeds from issuance of common stock 5,751 19,757
Repurchases of common stock 0 (85,997)
Payments for taxes related to net share settlement of equity awards (7,482) (1,275)
Net cash from financing activities 17,759 (67,600)
Effect of exchange rate changes on cash and cash equivalents (6,438) (14,202)
Change in cash and cash equivalents 410,934 265,602
Cash and cash equivalents at beginning of period 1,728,692 1,527,791
Cash and cash equivalents at end of period 2,139,626 1,793,393
Taxes Paid:    
Income taxes $ 77,960 $ 46,607