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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 99,266 $ 84,456 $ 69,641
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 23,387 17,395 17,483
Bad debt expense 1,539 1,407 817
Deferred taxes (3,304) (15,328) (3,270)
Stock-based compensation expense 49,244 45,833 24,620
Impairment charges and acquisition related adjustments 0 (1,183) 7,907
Excess tax benefit on stock-based compensation plans (5,264) (8,363) (3,776)
Other 6,228 3,883 735
(Increase)/decrease in operating assets:      
Accounts receivable (30,612) (47,694) (30,410)
Unbilled revenues 34,777 (38,076) (11,134)
Prepaid expenses and other assets (4,791) (574) 565
Increase/(decrease) in operating liabilities:      
Accounts payable 741 (2,781) (2,603)
Accrued expenses and other liabilities (13,926) 25,694 9,978
Due to employees 5,261 2,752 7,453
Taxes payable 2,271 8,972 16,868
Net cash provided by operating activities 164,817 76,393 104,874
Cash flows used in investing activities:      
Purchases of property and equipment (29,317) (13,272) (11,916)
Payment for construction of corporate facilities 0 (4,692) (3,924)
Employee housing loans issued (2,006) (2,054) (1,740)
Proceeds from repayments of employee housing loans 2,177 2,249 1,793
(Increase)/decrease in restricted cash and time deposits, net 29,595 (29,944) 1,430
Increase in other long-term assets, net (4,327) (708) (1,479)
Acquisition of businesses, net of cash acquired (Note 3) (5,500) (76,908) (37,093)
Other investing activities, net 56 (165) 0
Net cash used in investing activities (9,322) (125,494) (52,929)
Cash flows from financing activities:      
Proceeds related to stock options exercises 17,996 20,675 10,571
Excess tax benefit on stock-based compensation plans 5,264 8,363 3,776
Payments of withholding taxes related to net share settlements of restricted stock units (539) 0 0
Proceeds from debt (Note 13) 20,000 35,000 0
Repayment of debt (Note 13) (30,129) 0 0
Proceeds from government grants 135 0 0
Acquisition of businesses, deferred consideration (Note 3) (2,260) (30,274) (4,000)
Net cash provided by financing activities 10,467 33,764 10,347
Effect of exchange rate changes on cash and cash equivalents (3,386) (5,748) (10,965)
Net increase/(decrease) in cash and cash equivalents 162,576 (21,085) 51,327
Cash and cash equivalents, beginning of period 199,449 220,534 169,207
Cash and cash equivalents, end of period 362,025 199,449 220,534
Supplemental disclosures of cash flow information:      
Income taxes 37,488 25,071 11,756
Bank interest 566 124 7
Supplemental disclosure of non-cash operating activities      
Goodwill impairment loss 0 0 2,241
Contingent consideration fair value adjustment 0 0 1,924
Write off related to the construction of a building in Minsk, Belarus 0 0 3,742
Prepaid and other current assets write-off related to vendor advance 0 741 0
Supplemental disclosure of non-cash investing and financing activities      
Deferred consideration payable 0 603 1,022
Contingent consideration payable $ 0 $ 0 $ 36,322