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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net earnings $ 123,234 $ 120,691
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Stock-based compensation expense 63,820 41,563
Depreciation 20,521 10,552
Amortization of intangibles 10,367 12,117
Deferred income taxes 6,777 11,711
Other adjustments, net 3,585 2,237
Changes in assets and liabilities    
Accounts receivable 71,674 (65,728)
Other assets 7,118 (1,282)
Accounts payable and other liabilities (22,538) (34,427)
Income taxes payable and receivable 11,051 19,788
Deferred revenue (11,506) 3,165
Net cash provided by operating activities 284,103 120,387
Cash flows from investing activities:    
Capital expenditures (17,234) (19,843)
Other, net (8,814) 53
Net cash used in investing activities (26,048) (19,790)
Cash flows from financing activities:    
Proceeds from issuance of common stock pursuant to stock-based awards 1,255 11,198
Withholding taxes paid on behalf of employees on net settled stock-based awards (9,591) (2,051)
Purchase of treasury stock (188,593) (112,502)
Purchase of noncontrolling interests (737) (1,577)
Other, net (1,953) 0
Net cash used in financing activities (199,619) (104,932)
Total cash provided (used) 58,436 (4,335)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (5,947) 1,820
Net increase (decrease) in cash, cash equivalents, and restricted cash 52,489 (2,515)
Cash, cash equivalents, and restricted cash at beginning of period 862,440 572,516
Cash, cash equivalents, and restricted cash at end of period $ 914,929 $ 570,001