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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net income $ 550,985 $ 584,201
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 143,264 160,749
Stock-based compensation expense 77,543 81,702
Deferred taxes 2,476 449
Loss on impairment of lease related assets 37,546 0
Reduction in the carrying amount of operating lease right-of-use assets 52,686 56,162
Amortization and write-off of deferred financing fees 3,420 3,036
Gain on de-designated swaps (51,745) (12,149)
Changes in assets and liabilities:    
Fees receivable, net 258,543 257,541
Deferred commissions 96,841 6,783
Prepaid expenses and other current assets (19,936) (18,418)
Other assets 6,371 (23,979)
Deferred revenues 92,527 103,565
Accounts payable and accrued and other liabilities (352,208) (121,958)
Cash provided by operating activities 898,313 1,077,684
Investing activities:    
Additions to property, equipment and leasehold improvements (70,461) (38,670)
Acquisitions - cash paid (net of cash acquired) (4,109) (23,030)
Cash used in investing activities (74,570) (61,700)
Financing activities:    
Proceeds from employee stock purchase plan 16,980 13,527
Proceeds from borrowings 0 600,000
Payments of deferred financing fees 0 (7,320)
Payments on revolving credit facility 0 (5,000)
Payments on borrowings (3,996) (106,585)
Purchases of treasury stock (1,026,414) (1,438,808)
Cash used in financing activities (1,013,430) (944,186)
Net (decrease) increase in cash and cash equivalents and restricted cash (189,687) 71,798
Effects of exchange rates on cash and cash equivalents (42,228) (14,651)
Cash and cash equivalents and restricted cash, beginning of period 760,602 712,583
Cash and cash equivalents and restricted cash, end of period $ 528,687 $ 769,730