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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Cash flows from operating activities:    
Net income $ 218,000 $ 297,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 77,000 98,000
Amortization of acquired intangible assets 60,000 16,000
Non-cash operating lease cost 28,000 32,000
Share-based compensation expense 291,000 218,000
Deferred income taxes 11,000 (30,000)
Other (48,000) 4,000
Total adjustments 419,000 338,000
Originations of loans held for sale (41,000) 0
Sale and principal payments of loans held for sale 143,000 0
Changes in operating assets and liabilities:    
Accounts receivable (178,000) (516,000)
Income taxes receivable (82,000) 13,000
Prepaid expenses and other assets (63,000) (82,000)
Accounts payable 87,000 175,000
Accrued compensation and related liabilities (269,000) (121,000)
Deferred revenue 90,000 51,000
Operating lease liabilities (27,000) (28,000)
Other liabilities 27,000 63,000
Total changes in operating assets and liabilities (415,000) (445,000)
Net cash provided by operating activities 324,000 190,000
Cash flows from investing activities:    
Purchases of corporate and customer fund investments (535,000) (357,000)
Sales of corporate and customer fund investments 89,000 73,000
Maturities of corporate and customer fund investments 265,000 287,000
Purchases of property and equipment (71,000) (68,000)
Acquisitions of businesses, net of cash acquired (3,045,000) 0
Originations of term loans to small businesses (70,000) (166,000)
Principal repayments of term loans from small businesses 53,000 155,000
Other 48,000 (20,000)
Net cash used in investing activities (3,266,000) (96,000)
Cash flows from financing activities:    
Repayments on borrowings under unsecured revolving credit facility (1,000,000) 0
Repayment of debt (13,000) (25,000)
Proceeds from issuance of stock under employee stock plans 108,000 121,000
Payments for employee taxes withheld upon vesting of restricted stock units (168,000) (104,000)
Cash paid for purchases of treasury stock (164,000) (278,000)
Dividends and dividend rights paid (321,000) (280,000)
Net change in customer fund deposits (29,000) 25,000
Other 0 (1,000)
Net cash used in financing activities (1,587,000) (542,000)
Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents 10,000 (2,000)
Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents (4,519,000) (450,000)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 6,697,000 2,352,000
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 2,178,000 1,902,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Total cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 2,178,000 1,902,000
Supplemental schedule of non-cash investing activities:    
Issuance of stock in business combination $ 3,798,000 $ 0