XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net income $ 519,509 $ 164,807
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 188,395 178,578
Deferred income tax provision (1,024) 53,857
Impairment, closure costs, and asset disposals 12,483 21,198
Provision for credit losses 733 (143)
Stock-based compensation expense 138,741 60,579
Other 2,534 2,450
Changes in operating assets and liabilities:    
Accounts receivable 21,882 29,233
Inventory (1,996) 614
Prepaid expenses and other current assets (19,343) (6,015)
Operating lease assets 151,628 136,052
Other assets 1,901 (21,754)
Accounts payable 28,712 5,776
Accrued payroll and benefits (13,193) 68,514
Accrued liabilities (7,407) 1,965
Unearned revenue (2,978) (593)
Income tax payable/receivable (35,850) (32,677)
Operating lease liabilities (141,540) (115,069)
Other long-term liabilities 474 1,351
Net cash provided by operating activities 843,661 548,723
Investing activities    
Purchases of leasehold improvements, property and equipment (320,569) (246,758)
Purchases of investments (288,899) (325,069)
Maturities of investments 243,441 318,505
Proceeds from sale of equipment 2,885 0
Acquisitions of equity method investments 0 (10,025)
Net cash used in investing activities (363,142) (263,347)
Financing activities    
Acquisition of treasury stock (300,733) (54,401)
Tax withholding on stock-based compensation awards (63,492) (47,976)
Other financing activities (2,342) (1,865)
Net cash used in financing activities (366,567) (104,242)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (788) 377
Net change in cash, cash equivalents, and restricted cash 113,164 181,511
Cash, cash equivalents, and restricted cash at beginning of period 635,836 508,481
Cash, cash equivalents, and restricted cash at end of period 749,000 689,992
Supplemental disclosures of cash flow information    
Income taxes (refunded)   (8,987)
Income taxes paid 163,069  
Purchases of leasehold improvements, property, and equipment accrued in accounts payable and accrued liabilities 65,311 72,860
Acquisition of treasury stock accrued in accounts payable and accrued liabilities $ 4,498 $ 0