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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
9 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Cash Flows from Operating Activities:    
Net income $ 144.9 $ 135.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 65.6 68.8
Stock-based compensation 23.9 31.1
Other (5.4) (12.1)
Changes in operating assets and liabilities:    
Accounts receivable 18.4 30.3
Prepaid expenses and income taxes (19.2) 1.9
Accounts payable 13.3 (17.9)
Accrued payroll and contract professional pay 27.9 25.1
Income taxes payable 0.8 15.5
Operating lease right of use assets (21.8) (20.9)
Operating lease liabilities (20.8) (21.3)
Other (54.2) 5.7
Net cash provided by operating activities 337.8 231.8
Cash Flows from Investing Activities:    
Cash paid for property and equipment (28.3) (22.8)
Cash paid for acquisitions, net of cash acquired (151.5) (48.5)
Other 0.3 0.1
Net cash used in investing activities (180.1) (71.4)
Cash Flows from Financing Activities:    
Proceeds from long-term debt 65.5 59.0
Principal payments of long-term debt (65.5) (178.0)
Debt issuance and amendment costs (1.2) 0.0
Proceeds from option exercises and employee stock purchase plan 11.7 12.7
Payment of employment taxes related to release of restricted stock awards (7.0) (7.7)
Repurchase of common stock (27.9) (20.0)
Net cash used in financing activities (24.4) (134.0)
Effect of exchange rate changes on cash and cash equivalents 1.2 (0.7)
Net Increase in Cash and Cash Equivalents 134.5 25.7
Cash and Cash Equivalents at Beginning of Year 95.2 41.8
Cash and Cash Equivalents at End of Period 229.7 67.5
Supplemental Disclosure of Cash Flow Information Cash paid for:    
Income taxes 40.7 36.6
Interest 22.4 37.0
Non-cash transactions —    
Unpaid portion of additions to property and equipment 3.2 1.1
Operating lease right of use assets obtained in exchange for operating lease liabilities 20.2 $ 13.0
Contingent purchase consideration $ 6.0