XML 69 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Aug. 31, 2012
Operating activities:      
Net income $ 204,798 $ 248,965 $ 417,006
Adjustments to reconcile net income to net cash provided by operating activities:      
Share-based compensation 42,819 49,462 78,705
Excess tax benefits from share-based compensation (1,285) (17) (1,150)
Depreciation and amortization 150,575 161,733 178,234
Accelerated depreciation and impairments included in restructuring 7,580 62,267 0
Loss (gain) on asset dispositions and write-offs, net 556 8,190 (26,678)
Goodwill and other intangibles impairment 0 0 16,788
Non-cash foreign currency loss (gain), net 957 220 (497)
Provision for uncollectible accounts receivable 53,819 83,798 146,742
Deferred income taxes (13,912) (29,517) 21,850
Changes in assets and liabilities, excluding the impact of acquisitions and business dispositions:      
Restricted cash and cash equivalents 37,233 59,160 61,073
Accounts receivable (61,435) (103,369) (129,773)
Prepaid taxes (2,890) (3,985) 9,303
Other assets 6,072 (19,514) (11,568)
Accounts payable (11,950) (1,775) 12,525
Student deposits (30,738) (52,587) (58,740)
Deferred revenue 657 (39,091) (39,154)
Accrued and other liabilities (6,949) 54,108 (123,366)
Net cash provided by operating activities 375,907 478,048 551,300
Investing activities:      
Purchases of property and equipment (100,666) (119,348) (115,187)
Purchases of marketable securities (319,079) (208,878) 0
Maturities of marketable securities 188,276 65,074 0
Acquisitions, net of cash acquired (119,454) 0 (73,736)
Proceeds from dispositions, net 0 0 76,434
Other investing activities 606 (1,500) (1,694)
Net cash used in investing activities (350,317) (264,652) (114,183)
Financing activities:      
Payments on borrowings (627,822) (636,387) (562,269)
Proceeds from borrowings 591,131 610,236 629,145
Share repurchases (172,709) (9,537) (811,913)
Share reissuances 1,793 3,867 11,949
Purchase of noncontrolling interests (893) (42,500) 0
Excess tax benefits from share-based compensation 1,285 17 1,150
Other financing activities (4,143) 0 0
Net cash used in financing activities (211,358) (74,304) (731,938)
Exchange rate effect on cash and cash equivalents 96 (982) (468)
Net (decrease) increase in cash and cash equivalents (185,672) 138,110 (295,289)
Cash and cash equivalents, beginning of year 1,414,485 1,276,375 1,571,664
Cash and cash equivalents, end of year 1,228,813 1,414,485 1,276,375
Supplemental disclosure of cash flow and non-cash information      
Cash paid for income taxes, net of refunds 161,163 201,055 246,824
Cash paid for interest 7,657 7,869 9,794
Restricted stock units vested and released 37,430 27,054 36,182
Credits received for tenant improvements 1,131 6,049 27,009
Capital lease additions 0 3,500 44,145
Debt incurred for acquired technology $ 0 $ 0 $ 14,389