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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 454,433 $ 434,288 $ 290,584
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for doubtful accounts 9,868 11,914 8,022
Depreciation 64,264 64,244 63,930
Amortization of Cloud Computing Implementation Costs 3,624 0 0
Amortization of intangible assets 1,361 1,705 1,563
Stock-based compensation 48,300 44,953 42,191
Deferred income taxes (9,473) (15,885) 44,091
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable (48,461) (86,217) (17,039)
Capitalized cloud computing implementation costs (30,338) 0 0
Accounts payable and accrued expenses (9,204) 32,428 1,328
Accrued payroll and benefit cost 60,883 57,287 46,504
Income taxes payable (18,798) 28,900 (9,655)
Other assets and liabilities, net (6,830) (1,295) (18,528)
Net cash flows provided by operating activities 519,629 572,322 452,991
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (59,464) (42,484) (40,753)
Payments for employee deferred compensation plans (71,432) (69,716) (56,924)
Redemptions from employee deferred compensation plans 28,758 23,691 20,340
Payments for acquisitions, net of cash acquired 0 0 (1,160)
Net cash flows used in investing activities (102,138) (88,509) (78,497)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from (Repayments of) Debt (200) (183) (167)
Repurchases of common stock (277,535) (353,509) (231,724)
Dividends paid (145,631) (136,423) (121,000)
Net cash flows used in financing activities (423,366) (490,115) (352,891)
Effect of exchange rate fluctuations (226) (11,872) 12,949
Change in cash and cash equivalents (6,101) (18,174) 34,552
Cash and cash equivalents at beginning of period 276,579 294,753 260,201
Cash and cash equivalents at end of period 270,478 276,579 294,753
Cash paid during the year for:      
Interest 232 233 278
Income taxes, net of refunds 191,522 137,147 190,954
Non-cash items:      
Stock repurchases awaiting settlement $ 6,469 $ 11,359 $ 0