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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 5,514 $ 11,576
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation 18,012 17,916
Amortization 86,992 70,627
Amortization of operating lease right-of-use assets 14,145 10,877
Amortization of deferred debt issuance costs 3,613 2,909
Deferred income taxes (10,540) (39,323)
Stock-based compensation expense 22,943 30,328
Other 4,339 2,431
Changes in operating assets and liabilities, net of impact of acquisitions:    
Receivables 41,261 34,690
Accounts payable 1,680 (8,414)
Accrued employee compensation 13,585 1,740
Current income taxes (2,595) (8,536)
Deferred revenue 14,361 (17,735)
Other current and noncurrent assets and liabilities (21,252) (20,148)
Net cash flows from operating activities 192,058 88,938
Cash flows from investing activities:    
Purchases of property and equipment (14,091) (18,739)
Purchases of software and distribution rights (21,556) (18,565)
Acquisition of businesses, net of cash acquired 0 (757,268)
Other 0 (18,474)
Net cash flows from investing activities (35,647) (813,046)
Cash flows from financing activities:    
Proceeds from issuance of common stock 2,853 2,662
Proceeds from exercises of stock options 6,518 6,677
Repurchase of stock-based compensation awards for tax withholdings (11,150) (2,822)
Repurchases of common stock (28,881) (35,617)
Proceeds from revolving credit facility 30,000 280,000
Repayment of revolving credit facility (109,000) (15,000)
Proceeds from term portion of credit agreement 0 500,000
Repayment of term portion of credit agreement (29,212) (19,162)
Payments for debt issuance costs 0 (12,830)
Payments on or proceeds from other debt, net (10,044) (8,209)
Net cash flows from financing activities (148,916) 695,699
Effect of exchange rate fluctuations on cash 4,952 1,488
Net increase (decrease) in cash and cash equivalents 12,447 (26,921)
Cash and cash equivalents, beginning of period 121,398 148,502
Cash and cash equivalents, end of period 133,845 121,581
Supplemental cash flow information    
Income taxes paid 19,733 21,205
Interest paid $ 46,489 $ 47,741