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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net income $ 122,456 $ 3,279 $ 193,582
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 255,601 240,171 61,969
Stock-based compensation expense 66,172 78,943 46,661
Deferred taxes 1,524 (217,414) (2,648)
Gain on extinguishment of debt 0 0 (2,500)
Gain from divested operations (45,447) 0 0
Amortization and write-off of deferred financing fees 13,815 15,062 3,082
Changes in assets and liabilities, net of acquisitions and divestitures:      
Fees receivable, net (115,003) (368,516) (68,661)
Deferred commissions (31,247) (61,393) (18,673)
Prepaid expenses and other current assets (50,551) 13,251 (21,604)
Other assets 11,456 (18,529) 20,005
Deferred revenues 187,147 382,852 97,979
Accounts payable, accrued, and other liabilities 55,235 186,811 56,440
Cash provided by operating activities 471,158 254,517 365,632
Investing activities:      
Additions to property, equipment and leasehold improvements (126,873) (110,765) (49,863)
Acquisitions - cash paid (net of cash acquired) (15,855) (2,641,780) (48,196)
Divestitures - cash received (net of cash transferred) 526,779 0 0
Cash provided by (used in) in investing activities 384,051 (2,752,545) (98,059)
Financing activities:      
Proceeds from employee stock purchase plan 14,689 11,711 9,250
Proceeds from borrowings 0 3,025,000 715,000
Payments for deferred financing fees 0 (51,171) (4,975)
Payments on borrowings (1,010,972) (404,438) (835,000)
Purchases of treasury stock (260,832) (41,272) (58,961)
Cash (used in) provided by financing activities (1,257,115) 2,539,830 (174,686)
Net (decrease) increase in cash and cash equivalents and restricted cash (401,906) 41,802 92,887
Effects of exchange rates on cash and cash equivalents and restricted cash (6,489) 25,902 (5,640)
Cash and cash equivalents and restricted cash, beginning of period 567,058 499,354 412,107
Cash and cash equivalents and restricted cash, end of period 158,663 567,058 499,354
Cash paid during the period for:      
Interest 117,500 98,500 23,400
Income taxes, net of refunds received $ 95,800 $ 76,100 $ 86,300