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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net income $ 233,290 $ 122,456 $ 3,279
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 211,779 255,601 240,171
Stock-based compensation expense 69,008 66,172 78,943
Deferred taxes (55,787) 1,524 (217,414)
Loss (gain) from divested operations 2,075 (45,447) 0
Gain on sale of an equity security (9,120) 0 0
Reduction in the carrying amount of operating lease right-of-use assets 86,466    
Amortization and write-off of deferred financing fees 6,497 13,815 15,062
Changes in assets and liabilities, net of acquisitions and divestitures:      
Fees receivable, net (66,729) (115,003) (368,516)
Deferred commissions (30,315) (31,247) (61,393)
Prepaid expenses and other current assets 18,985 (50,551) 13,251
Other assets (27,303) 11,456 (18,529)
Deferred revenues 181,203 187,147 382,852
Accounts payable and accrued and other liabilities (54,613) 55,235 186,811
Cash provided by operating activities 565,436 471,158 254,517
Investing activities:      
Additions to property, equipment and leasehold improvements (149,016) (126,873) (110,765)
Acquisitions - cash paid (net of cash acquired) (25,989) (15,855) (2,641,780)
Divestitures - cash received (net of cash transferred) 0 526,779 0
Proceeds from the sale of an equity security 14,120 0 0
Cash (used in) provided by investing activities (160,885) 384,051 (2,752,545)
Financing activities:      
Proceeds from employee stock purchase plan 17,629 14,689 11,711
Proceeds from borrowings 5,000 0 3,025,000
Payments for deferred financing fees 0 0 (51,171)
Payments on borrowings (109,579) (1,010,972) (404,438)
Purchases of treasury stock (199,042) (260,832) (41,272)
Cash (used in) provided by financing activities (285,992) (1,257,115) 2,539,830
Net increase (decrease) in cash and cash equivalents and restricted cash 118,559 (401,906) 41,802
Effects of exchange rates on cash and cash equivalents and restricted cash 3,614 (6,489) 25,902
Cash and cash equivalents and restricted cash, beginning of year 158,663 567,058 499,354
Cash and cash equivalents and restricted cash, end of year 280,836 158,663 567,058
Cash paid during the year for:      
Interest 102,298 117,500 98,500
Income taxes, net of refunds received $ 119,156 $ 95,800 $ 76,100