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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income $ 350,158 $ 176,553 $ 176,253
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 212,778 201,979 163,348
Amortization of operating lease assets 163,952 0 0
Deferred income tax (benefit) provision 29,962 10,585 (18,026)
Impairment, closure costs, and asset disposals 15,402 61,987 13,345
Bad debt allowance 33 125 214
Stock-based compensation expense 91,396 69,164 65,255
Other (10,592) (2,918) (218)
Changes in operating assets and liabilities:      
Accounts receivable (2,630) (8,298) (140)
Inventory (4,530) (1,722) (5,250)
Prepaid expenses and other current assets (23,066) (3,811) (6,710)
Other assets 2,818 (2,005) (1,476)
Accounts payable (973) 32,080 10,908
Accrued payroll and benefits 11,759 29,568 6,188
Accrued liabilities 36,543 14,831 28,179
Unearned revenue 30,400 6,829 4,207
Income tax payable/receivable (32,083) 14,439 (4,173)
Deferred rent 0 21,297 29,996
Operating lease liabilities (151,557) 0 0
Other long-term liabilities 1,862 869 6,316
Net cash provided by operating activities 721,632 621,552 468,216
Investing activities      
Purchases of leasehold improvements, property and equipment (333,912) (287,390) (216,777)
Purchases of investments (448,754) (485,188) (199,801)
Maturities of investments 476,723 385,000 330,000
Proceeds from sale of equipment 13,969 0 0
Net cash used in investing activities (291,974) (387,578) (86,578)
Financing activities      
Acquisition of treasury stock (190,617) (160,937) (285,218)
Tax withholding on stock-based compensation awards (10,420) (5,411) (702)
Stock plan transactions and other financing activities (698) (187) 26
Net cash used in financing activities (201,735) (166,535) (285,894)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 406 (1,457) 2,056
Net change in cash, cash equivalents, and restricted cash 228,329 65,982 97,800
Cash, cash equivalents and restricted cash at beginning of period 280,152 214,170 116,370
Cash, cash equivalents and restricted cash at end of period 508,481 280,152 214,170
Supplemental disclosures of cash flow information      
Income taxes paid 109,571 67,053 119,787
Purchases of leasehold improvements, property, and equipment accrued in accounts payable and accrued liabilities 36,886 30,870 31,806
Acquisition of treasury stock accrued in accounts payable and accrued liabilities $ 0 $ 2,474 $ 2,274