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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES:    
Net income $ 189,426 $ 245,488
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock compensation expense 16,158 13,365
Excess tax benefit of stock options exercised (15,483) (10,747)
Depreciation 55,476 55,388
Amortization 26,957 24,214
Deferred income taxes (17,169) 8,833
Change in fair value of contingent consideration (640) 3,953
Other, net 6,326 1,379
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable (66,352) (25,420)
Accounts payable 29,170 13,383
Accrued liabilities 77,820 17,640
Deferred revenues (3,412) 2,326
Other assets and liabilities (4,986) (4,830)
Net cash provided by operating activities 293,291 344,972
INVESTING ACTIVITIES:    
Payments for acquisitions, net of cash acquired (97,098) (328,811)
Purchases of investments (635,919) (2,051)
Capital expenditures (72,566) (66,262)
Net cash used in investing activities (805,583) (397,124)
FINANCING ACTIVITIES:    
Repayments of long-term debt and other obligations (61,805) (45,031)
Proceeds from foreign bank debt 42,535 151,605
Repayments of foreign bank debt (76,387) (136,025)
Proceeds from term loan 250,000 0
Repayment of term loan (250,000) 0
Proceeds from private placement of long-term note 300,000 0
Repayments of private placement of long-term note (100,000) 0
Proceeds from senior credit facility 1,338,140 1,154,100
Repayments of senior credit facility (1,614,968) (979,059)
Payments on capital lease obligations (2,813) (4,014)
Payments of deferred financing costs 0 (2,280)
Payment for hedge (8,833) 0
Purchases and cancellations of treasury stock (103,029) (157,004)
Proceeds from issuance of mandatory convertible preferred stock 746,900 0
Proceeds from issuance of common stock 53,529 33,904
Excess tax benefit of stock options exercised 15,483 10,747
Payments to noncontrolling interests (5,236) (732)
Net cash provided by financing activities 523,516 26,211
Effect of exchange rate changes on cash and cash equivalents (577) 759
Net increase/ (decrease) in cash and cash equivalents 10,647 (25,182)
Cash and cash equivalents at beginning of period 22,236 67,167
Cash and cash equivalents at end of period 32,883  
NON-CASH ACTIVITIES:    
Issuances of obligations for acquisitions $ 71,905 $ 100,944