XML 19 R9.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 341,527 $ 363,243
Adjustments to reconcile net income to net cash provided by operating activities (See Note 1) 4,455 65,276
Net cash provided by operating activities 345,982 428,519
Cash flows from investing activities:    
Additions to property and equipment (23,114) (32,319)
Additions to capitalized software (26,584) (24,827)
Purchases of marketable securities (83,968) (124,454)
Prepayments and maturities of marketable securities 89,352 124,040
Sales of marketable securities 893 179
Other investing activities (4,816) (2,961)
Net cash used in investing activities (48,237) (60,342)
Cash flows from financing activities:    
Repayments under revolving credit facility 0 (40,000)
Payment of contingent consideration (8,799) (868)
Purchase and retirement of common stock (236,914) (266,549)
Proceeds from issuance of common stock 65,660 35,909
Payment of dividends (114,833) (109,830)
Net cash used in financing activities (294,886) (381,338)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,474) (26,809)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,385 (39,970)
Cash, cash equivalents and restricted cash, beginning of period 853,359 831,758
Cash, cash equivalents and restricted cash, end of period $ 854,744 $ 791,788