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Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
9 Months Ended
May 31, 2022
May 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 292,495 $ 298,528
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 60,176 48,185
Amortization of lease right-of-use assets 32,936 32,241
Stock-based compensation expense 40,604 33,356
Deferred income taxes (5,488) (2,271)
Impairment charge 62,985 0
Changes in assets and liabilities, net of effects of acquisitions    
Accounts receivable, net of reserves (39,005) (6,795)
Accounts payable and accrued expenses 15,292 (1,712)
Accrued compensation (23,992) (11,066)
Deferred fees 4,091 8,898
Taxes payable, net of prepaid taxes (18,552) 8,766
Lease liabilities, net (35,961) (31,156)
Other, net 1,343 (6,725)
Net cash provided by operating activities 386,924 370,249
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, equipment, leasehold improvements and internal-use software (35,950) (47,414)
Acquisition of businesses, net of cash and cash equivalents acquired (1,981,641) (41,916)
Purchases of investments (678) (1,250)
Proceeds from maturity or sale of investments 0 2,176
Net cash used in investing activities (2,018,269) (88,404)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from debt 2,238,355 0
Repayments of debt (700,000) 0
Payments of debt issuance costs (9,736) 0
Dividend payments (92,334) (87,144)
Proceeds from employee stock plans 74,173 46,962
Repurchases of common stock (18,639) (172,210)
Other financing activities (3,263) (2,366)
Net cash provided by / (used in) financing activities 1,488,556 (214,758)
Effect of exchange rate changes on cash and cash equivalents (12,110) 5,648
Net (decrease) increase in cash and cash equivalents (154,899) 72,735
Cash and cash equivalents at beginning of period 681,865 585,605
Cash and cash equivalents at end of period $ 526,966 $ 658,340