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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net income $ 77,245 $ 106,269
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 105,670 96,283
Amortization of upfront incentive consideration 16,132 12,337
Litigation-related credits 0 (23,001)
Stock-based compensation expense 8,034 10,289
Allowance for doubtful accounts 2,476 3,972
Deferred income taxes 20,296 30,756
Joint venture equity income (898) (763)
Amortization of debt issuance costs 2,475 1,946
Loss on modification of debt (11,730) 0
Other 848 (213)
Income from discontinued operations 477 (13,350)
Changes in operating assets and liabilities:    
Accounts and other receivables (119,056) (74,362)
Prepaid expenses and other current assets (15,701) (9,039)
Capitalized implementation costs (17,096) (19,957)
Upfront incentive consideration (25,534) (23,028)
Other assets (15,967) (7,615)
Accrued compensation and related benefits (35,646) (31,810)
Accounts payable and other accrued liabilities 69,188 55,835
Deferred revenue including upfront solution fees 38,362 25,616
Cash provided by operating activities 123,035 140,165
Investing Activities    
Additions to property and equipment (88,318) (75,472)
Acquisition, net of cash acquired 0 (158,668)
Cash used in investing activities (88,318) (234,140)
Financing Activities    
Proceeds of borrowings from lenders 1,897,625 161,000
Payments on borrowings from lenders (1,844,553) (232,296)
Payments on Tax Receivable Agreement (99,241) 0
Debt issuance and modification costs (10,055) 0
Net proceeds (payments) on the settlement of equity-based awards 2,111 (2,003)
Cash dividends paid to common stockholders (38,939) (35,956)
Repurchase of common stock (11,540) 0
Other financing activities (3,196) (1,647)
Cash used in financing activities (107,788) (110,902)
Cash Flows from Discontinued Operations    
Cash used in operating activities (1,846) (3,880)
Cash provided by investing activities 0 0
Cash used in discontinued operations (1,846) (3,880)
Effect of exchange rate changes on cash and cash equivalents (1,558) (673)
(Decrease) increase in cash and cash equivalents (76,475) (209,430)
Cash and cash equivalents at beginning of period 364,114 321,132
Cash and cash equivalents at end of period $ 287,639 $ 111,702