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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Summary of Newly Adopted Standards in Unaudited Consolidated Statement of Cash Flows

The following tables present the unaudited consolidated statements of cash flows line items after giving effect to the adoption of ASU 2016-18:

 

 

 

 

Nine Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As previously reported

 

 

ASU 2016-18 adjustments

 

 

As adjusted

 

Cash flows from operating activities

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by operating activities

 

$

145,849

 

 

$

 

 

$

145,849

 

Cash flows from investing activities

 

 

 

 

 

 

 

 

 

 

 

 

Purchase of short-term investments from funds held for clients

 

 

(137,561

)

 

 

(53

)

 

 

(137,614

)

Proceeds from maturities of short-term investments from funds held for clients

 

 

95,500

 

 

 

 

 

 

95,500

 

Net change in funds held for clients

 

 

229,375

 

 

 

(229,375

)

 

 

 

Purchases of property and equipment

 

 

(44,264

)

 

 

 

 

 

(44,264

)

Net cash provided by (used in) investing activities

 

 

143,050

 

 

 

(229,428

)

 

 

(86,378

)

Cash flows from financing activities

 

 

 

 

 

 

 

 

 

 

 

 

Net cash used in financing activities

 

 

(249,928

)

 

 

 

 

 

(249,928

)

Total increase (decrease) in cash, cash equivalents, restricted cash and

   restricted cash equivalents

 

 

38,971

 

 

 

(229,428

)

 

 

(190,457

)

Cash, cash equivalents, restricted cash and restricted cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of period

 

 

46,077

 

 

 

1,052,783

 

 

 

1,098,860

 

End of period

 

$

85,048

 

 

$

823,355

 

 

$

908,403