XML 40 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
May 31, 2014
May 31, 2013
Operating activities:    
Net income $ 87,914 $ 67,561
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 98,779 65,356
Stock-based compensation expense 79,996 70,561
Impairment of assets 0 1,629
Excess tax benefit from stock-based compensation (10,327) (11,802)
Net periodic pension and postretirement expense 5,670 4,482
Pension and postretirement contributions (1,650) (11,876)
Deferred income taxes 28,907 (26,462)
Change in assets and liabilities:    
Accounts receivable, net 38,871 37,053
Other current assets (23,153) (15,803)
Accounts payable 119 (10,430)
Accrued expenses (16,666) (11,585)
Income tax payable (20,656) 27,561
Deferred revenue 105,570 75,998
Other liabilities 1,600 (1,077)
Net cash provided by operating activities 374,974 261,166
Investing activities:    
Capital expenditures on property and equipment (51,036) (42,436)
Acquisitions of businesses, net of cash acquired 0 (155,505)
Intangible assets acquired (714) 0
Change in other assets 2,762 (2,317)
Settlements of forward contracts 1,309 128
Net cash used in investing activities (47,679) (200,130)
Financing activities:    
Proceeds from borrowings 30,000 45,000
Repayment of borrowings (348,086) (97,001)
Excess tax benefit from stock-based compensation 10,327 11,802
Proceeds from the exercise of employee stock options 0 285
Repurchases of common stock (47,429) (83,365)
Net cash used in financing activities (355,188) (123,279)
Foreign exchange impact on cash balance (9,476) (15,634)
Net decrease in cash and cash equivalents (37,369) (77,877)
Cash and cash equivalents at the beginning of the period 258,367 345,008
Cash and cash equivalents at the end of the period $ 220,998 $ 267,131