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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net income $ 3,279 $ 193,582 $ 175,635
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 240,171 61,969 47,131
Stock-based compensation expense 78,943 46,661 46,149
Excess tax benefits from stock-based compensation exercises 0 0 (13,860)
Deferred taxes (217,414) (2,648) 344
Gain on extinguishment of debt 0 (2,500) 0
Amortization and write-off of deferred financing fees 15,062 3,082 1,512
Changes in assets and liabilities, net of acquisitions:      
Fees receivable, net (368,516) (68,661) (44,476)
Deferred commissions (61,393) (18,673) (13,236)
Prepaid expenses and other current assets 13,251 (21,604) (13,268)
Other assets (18,529) 20,005 (14,733)
Deferred revenues 382,852 97,979 91,840
Accounts payable, accrued, and other liabilities 186,811 56,440 82,523
Cash provided by operating activities 254,517 365,632 345,561
Investing activities:      
Additions to property, equipment and leasehold improvements (110,765) (49,863) (46,128)
Acquisitions - cash paid (net of cash acquired) (2,634,809) (34,186) (196,229)
Cash used in investing activities (2,745,574) (84,049) (242,357)
Financing activities:      
Proceeds from employee stock purchase plan 11,711 9,250 7,499
Proceeds from borrowings 3,025,000 715,000 440,000
Payments for deferred financing fees (51,171) (4,975) 0
Payments on borrowings (404,438) (835,000) (20,000)
Purchases of treasury stock (41,272) (58,961) (509,049)
Excess tax benefits from stock-based compensation exercises 0 0 13,860
Net Cash Provided by (Used in) Financing Activities 2,539,830 (174,686) (67,690)
Net increase in cash and cash equivalents 48,773 106,897 35,514
Effects of exchange rates on cash and cash equivalents 25,902 (5,640) (27,840)
Cash and cash equivalents, beginning of period 474,233 372,976 365,302
Cash and cash equivalents, end of period 548,900 474,233 372,976
Cash paid during the period for:      
Interest 98,500 23,400 21,200
Income taxes, net of refunds received $ 76,100 $ 86,300 $ 83,500