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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 612,299 $ 582,489 $ 457,248
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property and equipment 46,330 48,367 49,878
Stock-based compensation 50,626 52,504 52,907
Investment Income, Amortization of Discount (14,777) (18,259) (14,860)
Gain on Disposition of Business (817) (54,840) (10,421)
Other Operating Activities, Cash Flow Statement 3,668 14,646 272
Changes in operating assets and liabilities      
Prepaid expenses and other assets 3,279 (1,041) (13,775)
Accounts payable and accrued liabilities (24) (2,130) 15,483
Deferred revenues 16,191 19,825 25,348
Net deferred income taxes and other long term tax liabilities 43,675 54,124 113,131
Net Cash Provided by (Used in) Operating Activities 753,892 697,767 702,761
Cash flows from investing activities:      
Proceeds from maturities and sales of marketable securities 2,247,904 4,031,809 4,562,161
Purchases of marketable securities (2,030,521) (2,976,752) (4,929,834)
Purchases of property and equipment (40,316) (37,007) (49,499)
Payments for (Proceeds from) Businesses and Interest in Affiliates (9,872) 52,240 11,748
Other investing activities 0 (160) 0
Net cash provided by (used in) investing activities 167,195 1,070,130 (405,424)
Cash flows from financing activities:      
Repurchases of common stock (782,583) (638,152) (621,173)
Proceeds from issuance of common stock from option exercises and employee stock purchase plans 13,152 12,836 12,915
Repayments of Subordinated Debt 0 (1,250,009) 0
Proceeds received from borrowing 0 0 543,185
Proceeds from (Payments for) Other Financing Activities (872) 0 0
Net cash used in financing activities (770,303) (1,875,325) (65,073)
Effect of exchange rate changes on cash and cash equivalents 64 (958) 1,294
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 150,848 (108,386) 233,558
Cash and cash equivalents at end of period 508,196 357,415  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 517,601 366,753 475,139
Supplemental cash flow disclosures:      
Cash paid for interest, net of capitalized interest 87,683 117,956 117,234
Cash paid for income taxes, net of refunds received $ 89,974 $ 84,906 $ 28,294