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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net (loss) income $ (104,028) $ 127,097
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 168,651 46,004
Stock-based compensation expense 67,930 36,128
Deferred taxes (99,450) (13,415)
Amortization and write-off of deferred financing fees 13,236 2,611
Changes in assets and liabilities, net of acquisitions:    
Fees receivable, net (15,090) 26,242
Deferred commissions 3,231 12,376
Prepaid expenses and other current assets (32,159) (43,402)
Other assets (76,548) 21,597
Deferred revenues 198,353 114,197
Accounts payable, accrued, and other liabilities 108,141 (47,172)
Cash provided by operating activities 232,267 282,263
Investing activities:    
Additions to property, equipment and leasehold improvements (75,619) (36,877)
Acquisitions - cash paid (net of cash acquired) (2,634,809) (29,363)
Cash used in investing activities (2,710,428) (66,240)
Financing activities:    
Proceeds from employee stock purchase plan 8,550 6,931
Proceeds from borrowings 3,025,000 747,500
Payments for deferred financing fees (51,171) (4,975)
Payments on borrowings (339,624) (827,500)
Purchases of treasury stock (37,188) (52,889)
Cash provided by (used in) financing activities 2,605,567 (130,933)
Net increase in cash and cash equivalents 127,406 85,090
Effects of exchange rates on cash and cash equivalents 28,377 7,668
Cash and cash equivalents, beginning of period 474,233 372,976
Cash and cash equivalents, end of period $ 630,016 $ 465,734