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Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
9 Months Ended
May 31, 2020
May 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 283,859 $ 261,263
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 41,333 43,943
Stock-based compensation expense 28,372 24,135
Deferred income taxes 7,230 1,294
Loss on sale of assets 166 195
Changes in assets and liabilities, net of effects of acquisitions    
Accounts receivable, net of reserves (5,091) 3,112
Accounts payable and accrued expenses 10,400 (4,783)
Accrued compensation (14,154) (23,672)
Deferred fees 9,856 4,826
Taxes payable, net of prepaid taxes (27,088) (2,232)
Other, net 11,530 (2,757)
Net cash provided by operating activities 346,413 305,324
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, equipment, leasehold improvements and intangible assets, net of proceeds from dispositions (62,909) (32,906)
Purchases of investments (2,736) (8,180)
Proceeds from maturity or sale of investments 4,199 11,543
Net cash used in investing activities (61,446) (29,543)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchases of common stock (171,005) (158,294)
Dividend payments (81,438) (75,769)
Proceeds from employee stock plans 65,323 78,926
Repayment of debt 0 (575,000)
Proceeds from debt 0 575,000
Other financing, net (1,592) (901)
Net cash used by financing activities (188,712) (156,038)
Effect of exchange rate changes on cash and cash equivalents 1,653 (4,406)
Net (decrease) increase in cash and cash equivalents 97,908 115,337
Cash and cash equivalents at beginning of period 359,799 208,623
Cash and cash equivalents at end of period $ 457,707 $ 323,960