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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net income (loss) $ 38,436 $ (104,028)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation and amortization 203,081 168,651
Stock-based compensation expense 56,018 67,930
Deferred taxes (4,746) (99,450)
Gain from divested operations (38,500) 0
Amortization and write-off of deferred financing fees 12,205 13,236
Changes in assets and liabilities, net of acquisitions and divestitures:    
Fees receivable, net 172,679 (15,090)
Deferred commissions 38,216 3,231
Prepaid expenses and other current assets (64,395) (32,159)
Other assets 23,444 (76,548)
Deferred revenues 68,895 198,353
Accounts payable, accrued, and other liabilities (79,322) 108,141
Cash provided by operating activities 426,011 232,267
Investing activities:    
Additions to property, equipment and leasehold improvements (64,631) (75,619)
Acquisitions - cash paid (net of cash acquired) (15,855) (2,641,770)
Divestitures - cash received (net of cash transferred) 520,709 0
Cash provided by (used in) investing activities 440,223 (2,717,389)
Financing activities:    
Proceeds from employee stock purchase plan 11,134 8,550
Proceeds from borrowings 0 3,025,000
Payments for deferred financing fees 0 (51,171)
Payments on borrowings (1,120,290) (339,624)
Purchases of treasury stock (104,400) (37,188)
Cash (used in) provided by financing activities (1,213,556) 2,605,567
Net (decrease) increase in cash and cash equivalents and restricted cash (347,322) 120,445
Effects of exchange rates on cash and cash equivalents and restricted cash (6,444) 28,377
Cash and cash equivalents and restricted cash, beginning of period 213,292 648,176
Cash and cash equivalents and restricted cash, end of period $ 567,058 $ 499,354