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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net income (loss) $ 20,795 $ (19,587)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation and amortization 53,458 68,056
Stock-based compensation expense 31,819 30,958
Deferred taxes (25,530) (39,175)
Loss from divested operations 2,075 0
Amortization of lease right-of-use assets 20,939 0
Amortization and write-off of deferred financing fees 1,616 1,868
Changes in assets and liabilities:    
Fees receivable, net 78,390 56,771
Deferred commissions 4,073 (512)
Prepaid expenses and other current assets 8,891 (53,851)
Other assets (28,517) 14,421
Deferred revenues 85,740 76,854
Accounts payable, accrued, and other liabilities (218,153) (133,079)
Cash provided by operating activities 35,596 2,724
Investing activities:    
Additions to property, equipment and leasehold improvements (20,060) (17,679)
Other, net (2,295) 1,000
Cash used in investing activities (22,355) (16,679)
Financing activities:    
Proceeds from employee stock purchase plan 5,083 4,124
Proceeds from borrowings 35,000 0
Payments on borrowings (18,682) (304,813)
Purchases of treasury stock (44,839) (28,394)
Cash used in financing activities (23,438) (329,083)
Net decrease in cash and cash equivalents and restricted cash (10,197) (343,038)
Effects of exchange rates on cash and cash equivalents and restricted cash 804 3,610
Cash and cash equivalents and restricted cash, beginning of period 149,270 227,630
Cash and cash equivalents and restricted cash, end of period $ 158,663 $ 567,058