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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net income $ 109,942 $ 110,749
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 19,547 18,095
Amortization of intangible assets 3,599 5,005
Acquisition-related contingent consideration 3,543 133
Provision for expected credit losses 11,188 8,752
Share-based compensation 13,903 12,050
Amortization of debt issuance costs and other 1,296 1,068
Deferred income taxes (6,571) 2,713
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable, billed and unbilled (245,999) (180,737)
Notes receivable (22,539) (1,985)
Prepaid expenses and other assets (6,718) (810)
Accounts payable, accrued expenses and other (159) 13,854
Income taxes (13,122) (14,834)
Accrued compensation (130,625) (147,209)
Billings in excess of services provided (2,485) 4,425
Net cash used in operating activities (265,200) (168,731)
Investing activities    
Payments for acquisition of businesses, net of cash received 0 (6,698)
Purchases of property and equipment and other (29,027) (25,637)
Net cash used in investing activities (29,027) (32,335)
Financing activities    
Borrowings under revolving line of credit 245,000 165,000
Repayments under revolving line of credit (220,000) (165,000)
Purchase and retirement of common stock (20,982) (3,098)
Share-based compensation tax withholdings and other (10,755) (14,827)
Payments for business acquisition liabilities (2,660) (4,161)
Deposits and other 454 4,887
Net cash used in financing activities (8,943) (17,199)
Effect of exchange rate changes on cash and cash equivalents 15,021 (20,490)
Net decrease in cash and cash equivalents (288,149) (238,755)
Cash and cash equivalents, beginning of period 491,688 494,485
Cash and cash equivalents, end of period 203,539 255,730
Supplemental cash flow disclosures    
Cash paid for interest 4,144 4,279
Cash paid for income taxes, net of refunds 57,376 42,440
Non-cash investing and financing activities:    
Issuance of stock units under incentive compensation plans 2,274 1,664
Business acquisition liabilities not yet paid 0 5,370
Non-cash additions to property and equipment $ 717 $ 3,695