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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income $ 375 $ 355 $ 338
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of intangible assets 72 64 54
Amortization of deferred costs 40 38 31
Amortization of ROU asset, lease modification, impairment, and abandonment 9 25 12
Stock based compensation 59 62 50
Accretion of discount rate on lease liabilities 2 2 2
Provision for doubtful accounts 3 2 0
Deferred income taxes 5 (22) (9)
Losses from disposition of assets 1 6 0
Losses and impairment on investments 1 18 0
Changes in operating assets and liabilities:      
Accounts receivable, net (2) 0 3
Unbilled revenue, net (72) (51) (78)
Prepaid expenses, net 4 (2) (5)
Other payroll assets (259) (72) 10
Accounts payable and other current liabilities (8) (13) 33
Client deposits and other client liabilities (40) 9 (37)
Accrued wages 77 65 60
Accrued health insurance costs, net 1 0 2
Accrued workers' compensation costs, net (12) (8) (7)
Payroll taxes payable and other payroll withholdings 351 158 (166)
Operating lease liabilities (17) (17) (13)
Other assets (38) (55) (60)
Other liabilities (7) (2) (2)
Net cash provided by operating activities 545 562 218
Investing activities      
Purchases of marketable securities (276) (410) (444)
Proceeds from sale and maturity of marketable securities 286 469 349
Acquisitions of property and equipment and projects in process (75) (56) (40)
Acquisitions of subsidiaries, net of cash acquired 0 (229) 0
Other Investments (5) 0 0
Net cash used in investing activities (70) (226) (135)
Financing activities      
Repurchase of common stock (1,122) (523) (94)
Proceeds from issuance of common stock 15 11 11
Payment of long-term financing costs and debt issuance costs (9) 0 (9)
Repayment of borrowings 0 0 (370)
Proceeds from revolving credit agreement borrowings 695 0 0
Repayment of borrowings under revolving credit agreement (495) 0 0
Awards effectively repurchased for required employee withholding taxes (30) (24) (26)
Net cash provided by (used in) financing activities (546) (536) 12
Effect of exchange rate changes on cash and cash equivalents 0 (1) 0
Net increase (decrease) in cash and cash equivalents, unrestricted and restricted (71) (201) 95
Cash and cash equivalents, unrestricted and restricted:      
Beginning of period 1,537 1,738 1,643
End of period 1,466 1,537 1,738
Supplemental disclosures of cash flow information      
Interest paid 25 18 12
Income taxes paid, net 114 128 129
Supplemental schedule of noncash investing and financing activities      
Payable for purchase of property and equipment 4 6 3
Acquisitions of subsidiaries paid in stock 0 17 0
2031 Notes Payable      
Financing activities      
Proceeds from issuance of notes 400 0 0
2029 Notes Payable      
Financing activities      
Proceeds from issuance of notes $ 0 $ 0 $ 500