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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 1,318,520 $ 1,148,320
Accounts receivable, less allowance for credit loss of $6,979 at March 31, 2025 and $6,878 at December 31, 2024 1,904,171 1,997,840
Deferred contract costs 279,843 349,343
Other 138,070 164,272
Total current assets 3,640,604 3,659,775
Property and equipment, less accumulated depreciation and amortization of $630,591 at March 31, 2025 and $615,533 at December 31, 2024 453,696 449,404
Operating lease right-of-use assets 568,790 551,652
Goodwill 7,927 7,927
Deferred federal and state income taxes, net 70,126 70,671
Other assets, net 15,507 15,029
Total assets 4,756,650 4,754,458
Current Liabilities:    
Accounts payable 1,047,374 1,036,749
Accrued liabilities, primarily salaries and related costs 440,646 451,921
Contract liabilities 359,508 441,927
Current portion of operating lease liabilities 109,455 106,736
Federal, state and foreign income taxes 33,261 29,140
Total current liabilities 1,990,244 2,066,473
Noncurrent portion of operating lease liabilities 478,903 462,201
Commitments and contingencies
Shareholders’ Equity:    
Preferred stock, none issued 0 0
Common stock, par value $0.01 per share. Issued and outstanding: 136,733 at March 31, 2025 and 138,003 at December 31, 2024 1,368 1,380
Additional paid-in capital 0 0
Retained earnings 2,504,222 2,455,132
Accumulated other comprehensive loss (219,799) (233,500)
Total shareholders’ equity 2,285,791 2,223,012
Noncontrolling interest 1,712 2,772
Total equity 2,287,503 2,225,784
Total liabilities and equity $ 4,756,650 $ 4,754,458