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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 1,180,455 $ 1,230,491
Accounts receivable, less allowance for credit loss of $5,347 at June 30, 2020 and $11,143 at December 31, 2019 1,460,324 1,315,091
Deferred contract costs 147,932 131,783
Other 69,560 92,558
Total current assets 2,858,271 2,769,923
Property and equipment, less accumulated depreciation and amortization of $494,773 at June 30, 2020 and $478,906 at December 31, 2019 497,762 499,344
Operating lease right-of-use assets 424,516 390,035
Goodwill 7,927 7,927
Deferred federal and state income taxes, net 5,300 8,034
Other assets, net 16,401 16,621
Total assets 3,810,177 3,691,884
Current Liabilities:    
Accounts payable 755,971 735,695
Accrued expenses, primarily salaries and related costs 257,923 189,446
Contract liabilities 172,148 154,183
Current portion of operating lease liabilities 69,740 65,367
Federal, state and foreign income taxes 32,287 23,627
Total current liabilities 1,288,069 1,168,318
Noncurrent portion of operating lease liabilities 360,510 326,347
Commitments and contingencies
Shareholders’ Equity:    
Preferred stock, none issued 0 0
Common stock, par value $0.01 per share. Issued and outstanding: 166,816 shares at June 30, 2020 and 169,622 shares at December 31, 2019 1,668 1,696
Additional paid-in capital 12,221 3,203
Retained earnings 2,298,387 2,321,316
Accumulated other comprehensive loss (153,158) (131,187)
Total shareholders’ equity 2,159,118 2,195,028
Noncontrolling interest 2,480 2,191
Total equity 2,161,598 2,197,219
Total liabilities and equity $ 3,810,177 $ 3,691,884