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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 114,673 $ 61,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 17,138 13,692
Bad debt expense 1,529 102
Deferred taxes (27,581) (766)
Stock-based compensation expense 31,406 28,703
Other (2,099) (1,550)
(Increase)/decrease in operating assets:    
Accounts receivable (15,051) (4,630)
Unbilled revenues (35,334) (44,133)
Prepaid expenses and other assets (4,495) 973
Increase/(decrease) in operating liabilities:    
Accounts payable 1,008 518
Accrued expenses and other liabilities (15,861) (3,333)
Due to employees 1,351 4,549
Taxes payable 105 4,208
Net cash provided by operating activities 66,789 59,333
Cash flows from investing activities:    
Purchases of property and equipment (19,303) (11,441)
Employee housing loans issued (214) (512)
Proceeds from repayments of employee housing loans 919 1,315
Decrease in time deposits, net 418 13
Acquisition of businesses, net of cash acquired (50,264) (6,810)
Other investing activities, net 130 (190)
Net cash used in investing activities (68,314) (17,625)
Cash flows from financing activities:    
Proceeds from stock option exercises 22,368 37,757
Payments of withholding taxes related to net share settlements of restricted stock units (6,696) (2,702)
Proceeds from debt (Note 6) 0 25,000
Repayment of debt (Note 6) (3,478) (25,059)
Other financing activities, net (603) (864)
Net cash provided by financing activities 11,591 34,132
Effect of exchange rate changes on cash, cash equivalents and restricted cash (7,645) 5,912
Net increase in cash, cash equivalents and restricted cash 2,421 81,752
Cash, cash equivalents and restricted cash, beginning of period 582,855 364,664
Cash, cash equivalents and restricted cash, end of period $ 585,276 $ 446,416