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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 94,175 $ 112,061
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,304 35,730
Deferred income taxes (28,935) (16,806)
Stock-based compensation expense 37,588 32,568
Deferred compensation plan 7,923 (17,297)
Amortization of deferred debt issuance costs 3,646 3,646
Change in fair value of derivative 663 (19,490)
Foreign currency remeasurement (gain) loss (144) 5,748
Other non-cash items, net 3,530 3,315
Changes in assets and liabilities, net of effect from acquisitions:    
Accounts receivable 49,171 15,581
Prepaid and other assets (364) 3,325
Accounts payable, accruals, and other liabilities 41,969 25,683
Deferred revenues (1,792) (20,292)
Income taxes payable, net of prepaid income taxes 14,085 4,958
Net cash provided by operating activities 256,819 168,730
Cash flows from investing activities:    
Purchases of property and equipment and investment in capitalized software (11,253) (6,589)
Proceeds from sale of aircraft 0 2,380
Acquisitions, net of cash acquired (10,299) (714,197)
Purchases of investments (8,200) (5,561)
Net cash used in investing activities (29,752) (723,967)
Cash flows from financing activities:    
Proceeds from credit facilities 288,387 657,981
Payments of credit facilities (432,739) (264,107)
Repayments of term loan (2,500) (2,500)
Payments of contingent and non-contingent consideration (2,860) (5,059)
Payments of dividends (29,224) (17,163)
Proceeds from stock purchases under employee stock purchase plan 4,557 4,611
Proceeds from exercise of stock options 9,700 5,861
Payments for shares acquired including shares withheld for taxes (51,202) (40,520)
Repurchase of Class B Common Stock under approved program 0 (13,242)
Other financing activities (95) (89)
Net cash (used in) provided by financing activities (215,976) 325,773
Effect of exchange rate changes on cash and cash equivalents (59) (6,462)
Increase (decrease) in cash and cash equivalents 11,032 (235,926)
Cash and cash equivalents, beginning of year 71,684 329,337
Cash and cash equivalents, end of period 82,716 93,411
Supplemental information:    
Cash paid for income taxes 18,167 11,606
Income tax refunds 168 1,076
Interest paid 19,382 10,528
Non-cash investing and financing activities:    
Cost method investment 3,500 0
Deferred, non-contingent consideration, net 525 0
Share-settled executive bonus plan awards 9,806 11,893
Deferred compensation plan elective participant deferrals $ 1,651 $ 3,108