XML 22 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 172,252 $ 147,159
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 175,313 172,646
Share-based compensation expense 47,950 35,031
Provision for deferred income taxes (2,829) 10,449
Investment gains 0 (477)
Changes in assets and liabilities:    
Receivables, net (12,301) (22,774)
Inventory (7,411) (296)
Prepaid expenses and other 24,173 (13,681)
Accounts payable 30,118 8,539
Accrued income taxes 21,378 1,105
Deferred revenue 14,768 (42,310)
Other accrued liabilities (12,977) (11,885)
Net cash provided by operating activities 450,434 283,506
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital purchases (75,925) (49,248)
Capitalized software development costs (83,550) (73,855)
Purchases of investments (321,670) (39,194)
Sales and maturities of investments 306,935 36,112
Purchase of other intangibles (7,975) (9,682)
Acquisition of businesses, net of cash acquired 0 (744)
Net cash used in investing activities (182,185) (136,611)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Long-term debt issuance 500,000 300,000
Proceeds from exercise of stock options 36,514 118,203
Payments to taxing authorities in connection with shares directly withheld from associates (4,897) (4,517)
Treasury stock purchases (341,715) (650,000)
Dividends paid (67,477) (56,047)
Other financing activities (5,310) (3,600)
Net cash provided by (used in) financing activities 117,115 (295,961)
Effect of exchange rate changes on cash and cash equivalents (3,118) (7,365)
Net increase (decrease) in cash and cash equivalents 382,246 (156,431)
Cash and cash equivalents at beginning of period 615,615 441,843
Cash and cash equivalents at end of period $ 997,861 $ 285,412