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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net (loss) income $ (19,587) $ 36,433
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 68,056 16,530
Stock-based compensation expense 30,958 22,576
Deferred taxes (39,175) (11,998)
Amortization and write-off of deferred financing fees 1,868 468
Changes in assets and liabilities, net of acquisitions:    
Fees receivable, net 56,771 (57,919)
Deferred commissions (512) 3,002
Prepaid expenses and other current assets (53,851) (5,315)
Other assets 14,421 (16,730)
Deferred revenues 76,854 92,373
Accounts payable, accrued, and other liabilities (133,079) (109,025)
Cash provided by (used in) operating activities 2,724 (29,605)
Investing activities:    
Additions to property, equipment and leasehold improvements (17,679) (10,700)
Acquisitions - cash paid (net of cash acquired) 0 (111,165)
Other 1,000 0
Cash used in investing activities (16,679) (121,865)
Financing activities:    
Proceeds from employee stock purchase plan 4,124 3,022
Proceeds from borrowings 0 955,000
Payments for deferred financing fees 0 (18,773)
Payments on borrowings (304,813) 0
Purchases of treasury stock (28,394) (21,978)
Cash (used in) provided by financing activities (329,083) 917,271
Net (decrease) increase in cash and cash equivalents and restricted cash (343,038) 765,801
Effects of exchange rates on cash and cash equivalents and restricted cash 3,610 6,007
Cash and cash equivalents and restricted cash, beginning of period 227,630 1,271,162
Cash and cash equivalents and restricted cash, end of period $ 567,058 $ 499,354