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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities:    
Net (loss) income $ (55,848) $ 96,614
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 100,087 30,252
Stock-based compensation expense 53,573 26,607
Deferred taxes (78,004) (845)
Amortization and write-off of deferred financing fees 9,475 2,158
Changes in assets and liabilities, net of acquisitions:    
Fees receivable, net (44,939) (20,380)
Deferred commissions 477 15,321
Prepaid expenses and other current assets (22,453) 667
Other assets (17,328) (1,537)
Deferred revenues 167,412 106,771
Accounts payable, accrued, and other liabilities (29,734) (93,845)
Cash provided by operating activities 82,718 161,783
Investing activities:    
Additions to property, equipment and leasehold improvements (41,627) (25,337)
Acquisitions - cash paid (net of cash acquired) (2,622,342) (29,896)
Cash used in investing activities (2,663,969) (55,233)
Financing activities:    
Proceeds from employee stock purchase plan 5,662 4,702
Proceeds from borrowings 2,885,000 830,000
Payments for deferred financing fees (51,170) (4,975)
Payments on borrowings (119,812) (820,000)
Purchases of treasury stock (33,786) (51,967)
Cash provided by (used in) financing activities 2,685,894 (42,240)
Net increase in cash and cash equivalents 104,643 64,310
Effects of exchange rates on cash and cash equivalents 10,406 7,767
Cash and cash equivalents, beginning of period 474,233 372,976
Cash and cash equivalents, end of period $ 589,282 $ 445,053