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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net income $ 291,644 $ 158,294
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 76,585 71,665
Deferred income tax provision (486) (14,024)
Impairment, closure costs, and asset disposals 8,152 4,265
Provision for credit losses 500 (918)
Stock-based compensation expense 20,084 23,590
Other (2,810) (998)
Changes in operating assets and liabilities:    
Accounts receivable 39,659 10,394
Inventory 1,086 2,970
Prepaid expenses and other current assets (14,569) 5,920
Operating lease assets 59,135 55,125
Other assets 3,277 (1,132)
Accounts payable (2,732) 15,702
Accrued payroll and benefits (53,428) 10,438
Accrued liabilities 17,009 (31,151)
Unearned revenue (22,653) (21,604)
Income tax payable/receivable 85,400 43,367
Operating lease liabilities (51,584) (49,596)
Other long-term liabilities 767 595
Net cash provided by operating activities 455,036 282,902
Investing activities    
Purchases of leasehold improvements, property and equipment (120,369) (96,162)
Purchases of investments (214,819) (118,827)
Maturities of investments 99,639 81,923
Net cash used in investing activities (235,549) (133,066)
Financing activities    
Acquisition of treasury stock (126,709) (263,308)
Tax withholding on stock-based compensation awards (67,185) (85,811)
Other financing activities 11 (359)
Net cash used in financing activities (193,883) (349,478)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 290 147
Net change in cash, cash equivalents, and restricted cash 25,894 (199,495)
Cash, cash equivalents, and restricted cash at beginning of period 408,966 846,230
Cash, cash equivalents, and restricted cash at end of period 434,860 646,735
Supplemental disclosures of cash flow information    
Income taxes paid (refunded) (245) 2,291
Purchases of leasehold improvements, property, and equipment accrued in accounts payable and accrued liabilities 63,745 52,802
Acquisition of treasury stock accrued in accounts payable and accrued liabilities $ 9,422 $ 4,497