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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES      
Net income $ 526,705 $ 466,379 $ 434,957
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 124,744 113,220 99,752
Stock-based compensation expense 39,707 29,984 24,605
Provision for expected credit losses 35,893 34,026 26,860
Gain on sale of assets, net (2,332) (1,492) (6,635)
Gain on sale of businesses, net 0 0 (15,450)
(Benefit) provision for deferred income taxes 19,152 (10,336) (7,644)
Other operating activities, net (758) 0 0
Changes in operating assets and liabilities:      
Trade accounts receivable (36,407) (49,351) (45,874)
Financed receivables (21,460) (17,299) (15,794)
Materials and supplies (1,723) (5,874) (4,279)
Other current assets (4,964) (24,964) (16,126)
Accounts payable and accrued expenses (9,485) 47,670 43,407
Unearned revenue 2,719 7,470 6,777
Other long-term assets and liabilities 6,316 18,220 3,810
Net cash provided by operating activities 678,107 607,653 528,366
INVESTING ACTIVITIES      
Acquisitions, net of cash acquired (309,518) (157,471) (366,854)
Capital expenditures (28,086) (27,572) (32,465)
Proceeds from sale of assets 7,480 4,070 12,489
Proceeds from sale of businesses 0 0 15,903
Other investing activities, net 3,425 4,741 (1,968)
Net cash (used in) investing activities (326,699) (176,232) (372,895)
FINANCING ACTIVITIES      
Payment of contingent consideration (14,215) (39,754) (12,489)
Issuance of senior notes 492,215 0 0
Borrowings under revolving commitment 11,000 476,000 1,070,000
Borrowings under commercial paper, net 114,430 0 0
Repayments of term loan 0 0 (55,000)
Repayments of revolving commitment (408,000) (572,000) (577,000)
Payment of debt issuance costs (6,087) 0 0
Payment of dividends (327,901) (297,989) (264,348)
Cash paid for common stock purchased (216,855) (11,606) (315,013)
Other financing activities, net 11,834 4,641 4,430
Net cash (used in) financing activities (343,579) (440,708) (149,420)
Effect of exchange rate changes on cash 2,545 (4,908) 2,428
Net (decrease) increase in cash and cash equivalents 10,374 (14,195) 8,479
Cash and cash equivalents at beginning of period 89,630 103,825 95,346
Cash and cash equivalents at end of period 100,004 89,630 103,825
Supplemental disclosure of cash flow information:      
Cash paid for interest 20,177 32,559 19,239
Cash paid for income taxes, net 162,900 145,638 159,154
Non-cash additions to operating lease right-of-use assets $ 149,278 $ 210,282 $ 146,558