v3.22.1
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 679,315 $ 1,421,449
Accounts receivable, net of allowances 592,326 664,511
Prepaid income taxes 13,050 5,951
Prepaid and other assets 47,730 51,499
Total current assets 1,332,421 2,143,410
Property, equipment and leasehold improvements, net 64,682 66,715
Right of use assets 134,368 144,584
Goodwill 2,235,199 2,236,386
Intangible assets, net 585,058 593,341
Equity method investment 218,128 218,763
Deferred tax assets 53,612 40,119
Other non-current assets 68,361 63,385
Total assets 4,691,829 5,506,703
Current liabilities:    
Accounts payable 12,956 13,448
Income taxes payable 83,589 59,635
Accrued compensation and related benefits 70,749 207,640
Other accrued liabilities 160,929 145,302
Deferred revenue 832,203 824,912
Total current liabilities 1,160,426 1,250,937
Long-term debt 4,162,465 4,161,422
Long-term operating lease liabilities 139,895 150,029
Deferred tax liabilities 3,347 3,650
Other non-current liabilities 104,885 104,132
Total liabilities 5,571,018 5,670,170
Commitments and Contingencies (see Note 8)
Shareholders’ equity (deficit):    
Preferred stock (par value $0.01, 100,000,000 shares authorized; no shares issued)
Common stock (par value $0.01; 750,000,000 common shares authorized; 133,579,809 and 133,162,178 common shares issued and 81,168,130 and 82,439,449 common shares outstanding at March 31, 2022 and December 31, 2021, respectively) 1,336 1,332
Treasury shares, at cost (52,411,679 and 50,722,729 common shares held at March 31, 2022 and December 31, 2021, respectively) (5,417,822) (4,540,144)
Additional paid in capital 1,480,454 1,457,623
Retained earnings 3,117,660 2,976,517
Accumulated other comprehensive loss (60,817) (58,795)
Total shareholders’ equity (deficit) (879,189) (163,467)
Total liabilities and shareholders’ equity (deficit) $ 4,691,829 $ 5,506,703