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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
Net income $ 793,560,000 $ 266,745,000 $ 233,290,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 212,405,000 218,984,000 211,779,000
Stock-based compensation expense 98,570,000 62,540,000 69,008,000
Deferred taxes (41,567,000) (53,190,000) (55,787,000)
Loss from divested operations 0 0 2,075,000
Loss on impairment of lease related assets, net 49,537,000 0 0
Loss on extinguishment of debt 0 44,814,000 0
Gain on sale of an equity security 0 0 (9,120,000)
Reduction in the carrying amount of operating lease right-of-use assets 75,125,000 81,851,000 86,466,000
Amortization and write-off of deferred financing fees 4,162,000 8,424,000 6,497,000
Amortization of deferred swap losses from de-designation 0 10,320,000 0
Gain on de-designated swaps (20,204,000) (2,157,000) 0
Changes in assets and liabilities, net of acquisitions and divestitures:      
Fees receivable, net (145,346,000) 99,409,000 (66,729,000)
Deferred commissions (124,874,000) 8,656,000 (30,315,000)
Prepaid expenses and other current assets (15,913,000) 37,895,000 18,985,000
Other assets (18,287,000) (8,950,000) (27,303,000)
Deferred revenues 324,059,000 15,998,000 181,203,000
Accounts payable and accrued and other liabilities 121,243,000 111,939,000 (54,613,000)
Cash provided by operating activities 1,312,470,000 903,278,000 565,436,000
Investing activities:      
Additions to property, equipment and leasehold improvements (59,834,000) (83,888,000) (149,016,000)
Acquisitions - cash paid (net of cash acquired) (22,939,000) 0 (25,989,000)
Other 2,306,000 0 0
Proceeds from the sale of an equity security 0 0 14,120,000
Cash used in investing activities (80,467,000) (83,888,000) (160,885,000)
Financing activities:      
Proceeds from employee stock purchase plan 18,173,000 18,085,000 17,629,000
Proceeds from borrowings 600,000,000 2,000,000,000 5,000,000
Early redemption premium payment 0 (30,752,000) 0
Payments for deferred financing fees (7,320,000) (25,786,000) 0
Proceeds from revolving credit facility 0 332,000,000 309,000,000
Payments on revolving credit facility (5,000,000) (475,000,000) (316,000,000)
Payments on borrowings (107,915,000) (2,058,469,000) (102,579,000)
Purchases of treasury stock (1,655,547,000) (176,302,000) (199,042,000)
Cash used in financing activities (1,157,609,000) (416,224,000) (285,992,000)
Net increase in cash and cash equivalents and restricted cash 74,394,000 403,166,000 118,559,000
Effects of exchange rates on cash and cash equivalents and restricted cash (26,375,000) 28,581,000 3,614,000
Cash and cash equivalents and restricted cash, beginning of year 712,583,000 280,836,000 158,663,000
Cash and cash equivalents and restricted cash, end of year 760,602,000 712,583,000 280,836,000
Cash paid during the year for:      
Interest 101,885,000 112,249,000 102,298,000
Income taxes, net of refunds received $ 253,379,000 $ 33,921,000 $ 119,156,000