XML 17 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:        
Net income $ 189,500 $ 204,900 $ 893,100 $ 524,500
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization of fixed assets 51,700 52,100 151,100 153,900
Amortization of intangible assets 36,600 37,600 121,000 133,100
Amortization of debt issuance costs and original issue discount, net of original issue premium 200 400 900 1,100
Provision for doubtful accounts 1,500 4,300 4,400 13,000
Loss (gain) on sale of assets 7,800 0 (427,400) 0
Stock-based compensation expense 11,300 11,200 50,200 47,400
Impairment of long-lived assets 0 0 73,700 0
Deferred income taxes (11,900) 1,300 (61,300) 33,900
Loss on disposal of fixed assets 100 100 800 100
Changes in assets and liabilities, net of effects from acquisitions:        
Accounts receivable 21,000 (7,900) (82,300) (48,900)
Prepaid expenses and other assets 6,000 (4,400) (11,500) (27,500)
Operating lease right-of-use assets, net 16,600 9,900 35,300 30,900
Income taxes 24,900 10,900 2,300 11,500
Accounts payable and accrued liabilities 36,400 49,200 (27,200) 29,200
Deferred revenues (93,400) (71,200) 134,300 116,500
Operating lease liabilities (18,000) (10,500) (38,200) (31,000)
Other liabilities (100) (2,700) (9,200) (20,600)
Net cash provided by operating activities 280,200 285,200 810,000 967,100
Cash flows from investing activities:        
Acquisitions and purchase of additional controlling interest, net of cash acquired 0 (17,900) (448,900) (49,400)
Proceeds from sale of assets 0 0 1,073,300 0
Investments in nonpublic companies (2,100) (6,000) (43,900) (21,100)
Capital expenditures (65,800) (61,400) (195,000) (183,100)
Escrow funding associated with acquisitions 0 (2,400) (2,300) (7,200)
Payment of contingent liability related to acquisition 0 0 0 (1,200)
Other investing activities, net 0 0 0 800
Net cash (used in) provided by investing activities (67,900) (87,700) 383,200 (261,200)
Cash flows from financing activities:        
Proceeds from short-term debt 290,000 15,000 330,000 355,000
Repayment of current portion of long-term-debt (350,000) 0 (350,000) (450,000)
Proceeds from issuance of short-term debt with original maturities less than three months 0 0 125,000 0
Repurchases of common stock (300,000) (150,000) (1,196,300) (400,000)
Proceeds from stock options exercised 18,600 23,900 111,600 44,900
Net share settlement of taxes from restricted stock and performance share awards (400) (200) (20,400) (11,200)
Dividends paid (48,600) (46,800) (147,200) (141,000)
Other financing activities, net (9,400) (11,100) (13,500) (14,800)
Net cash used in financing activities (399,800) (169,200) (1,160,800) (617,100)
Effect of exchange rate changes (16,400) (2,500) (35,900) (5,500)
Net (decrease) increase in cash and cash equivalents (203,900) 25,800 (3,500) 83,300
Cash and cash equivalents, beginning of period 480,700 276,300 280,300 218,800
Cash and cash equivalents, end of period 276,800 302,100 276,800 302,100
Supplemental disclosures:        
Income taxes paid 42,600 45,800 264,400 144,700
Interest paid 13,700 21,200 74,300 90,900
Noncash investing and financing activities:        
Deferred tax liability established on date of acquisition 0 1,100 16,500 5,500
Net assets sold as part of the disposition 0 0 607,400 0
Finance lease additions 1,400 1,900 4,900 4,500
Operating lease additions, net 7,600 11,600 15,900 21,000
Fixed assets included in accounts payable and accrued liabilities $ 200 $ 10,500 $ 200 $ 10,500