XML 25 R7.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net income $ 355,766 $ 350,158 $ 176,553
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 238,534 212,778 201,979
Amortization of operating lease assets 184,538 163,952 0
Deferred income tax provision 108,350 29,962 10,585
Impairment, closure costs, and asset disposals 28,874 15,402 61,987
Provision for credit losses 164 33 125
Stock-based compensation expense 82,626 91,396 69,164
Other 3,643 (10,592) (2,918)
Changes in operating assets and liabilities:      
Accounts receivable 3,010 (2,630) (8,298)
Inventory (394) (4,530) (1,722)
Prepaid expenses and other current assets (11,442) (23,066) (3,811)
Other assets (26,577) 2,818 (2,005)
Accounts payable (3,859) (973) 32,080
Accrued payroll and benefits 76,683 11,759 29,568
Accrued liabilities 5,596 36,543 14,831
Unearned revenue 36,958 30,400 6,829
Income tax payable/receivable (255,251) (32,083) 14,439
Deferred rent     21,297
Operating lease liabilities (165,154) (151,557) 0
Other long-term liabilities 1,782 1,862 869
Net cash provided by operating activities 663,847 721,632 621,552
Investing activities      
Purchases of leasehold improvements, property and equipment (373,352) (333,912) (287,390)
Purchases of investments (468,418) (448,754) (485,188)
Maturities of investments 419,078 476,723 385,000
Proceeds from sale of equipment   13,969  
Acquisitions of equity method investments (10,025)    
Net cash used in investing activities (432,717) (291,974) (387,578)
Financing activities      
Acquisition of treasury stock (54,401) (190,617) (160,937)
Tax withholding on stock-based compensation awards (48,555) (10,420) (5,411)
Other financing activities (1,895) (698) (187)
Net cash used in financing activities (104,851) (201,735) (166,535)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,076 406 (1,457)
Net change in cash, cash equivalents, and restricted cash 127,355 228,329 65,982
Cash, cash equivalents, and restricted cash at beginning of year 508,481 280,152 214,170
Cash, cash equivalents, and restricted cash at end of year 635,836 508,481 280,152
Supplemental disclosures of cash flow information      
Income taxes paid 85,010 109,571 67,053
Purchases of leasehold improvements, property, and equipment accrued in accounts payable and accrued liabilities 46,975 36,886 30,870
Acquisition of treasury stock accrued in accounts payable and accrued liabilities $ 0 $ 0 $ 2,474