XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flow from operating activities:    
Net income $ 138,923 $ 103,555
Adjustments to reconcile net income to net cash provided by operating activities:    
Disposal gain on sale of business/asset (159,753) (26,842)
Depreciation and amortization 61,228 54,546
Stock-based compensation 42,556 38,054
Deferred income taxes (932) (1,461)
Changes in operating assets and liabilities 26,762 (18,507)
Net cash provided by operating activities 108,784 149,345
Cash flow from investing activities:    
Acquisitions, net of cash acquired (334,981) 0
Capital expenditures (36,573) (47,183)
Proceeds from sale of assets/business, net of cash divested 160,266 32,492
Capitalization of internally developed software (2,806) (7,179)
Additions to other intangibles (1,045) (1,132)
Acquisitions of equity-method investments (7,502) (13,670)
Purchases of short-term investments (206,330) (141,074)
Sales and maturities of short-term investments 351,597 204,046
Net cash (used in) provided by investing activities (77,374) 26,300
Cash flow from financing activities:    
Proceeds from revolving line of credit 20,000 0
Proceeds from term loan 70,000 0
Payments on term loan (875) 0
Debt issuance costs (1,480) 0
Proceeds from issuance of common stock 24,971 25,823
Repurchase of common stock (39,244) (137,171)
Dividends paid (102,396) (99,083)
Net cash used in financing activities (29,024) (210,431)
Effect of exchange rate changes on cash 317 (1,827)
Net change in cash and cash equivalents 2,703 (36,613)
Cash and cash equivalents at beginning of period 194,616 259,386
Cash and cash equivalents at end of period $ 197,319 $ 222,773