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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income $ 84,563 $ 179,160
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 118,398 105,423
Amortization of operating lease assets 88,139 77,438
Deferred income tax provision 55,122 (6,349)
Impairment, closure costs, and asset disposals 13,747 4,944
Provision for credit losses 82 85
Stock-based compensation expense 40,762 40,321
Other 1,670 (2,588)
Changes in operating assets and liabilities:    
Accounts receivable 22,598 18,275
Inventory 2,029 421
Prepaid expenses and other current assets (6,250) (13,617)
Other assets (8,574) 2,907
Accounts payable 40,530 (10,319)
Accrued payroll and benefits 3,264 (16,526)
Accrued liabilities (8,120) 7,659
Unearned revenue (4,027) (8,681)
Income tax payable/receivable (70,119) (4,593)
Operating lease liabilities (69,468) (74,346)
Other long-term liabilities 587 901
Net cash provided by operating activities 304,933 300,515
Investing activities    
Purchases of leasehold improvements, property and equipment (165,455) (142,002)
Purchases of investments (101,104) (208,253)
Maturities of investments 198,578 220,000
Acquisitions of equity method investments (7,525) 0
Net cash used in investing activities (75,506) (130,255)
Financing activities    
Acquisition of treasury stock (54,401) (111,542)
Tax withholding on stock-based compensation awards (47,947) (10,398)
Other financing activities (1,855) (510)
Net cash used in financing activities (104,203) (122,450)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (104) 494
Net change in cash, cash equivalents, and restricted cash 125,120 48,304
Cash, cash equivalents, and restricted cash at beginning of period 508,481 280,152
Cash, cash equivalents, and restricted cash at end of period 633,601 328,456
Supplemental disclosures of cash flow information    
Income taxes paid 657 69,075
Purchases of leasehold improvements, property, and equipment accrued in accounts payable and accrued liabilities 41,504 27,119
Acquisition of treasury stock accrued in accounts payable and accrued liabilities $ 0 $ 1,900