| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net Income (Loss) Attributable to Parent | |||||||||||
451,295 | 419,375 | 259,251 | 265,636 | 252,521 | 254,690 | 245,327 | 203,483 | 180,675 | 153,132 | 116,391 | 111,671 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and intangible assets amortization | |||||||||||
60,516 | 59,255 | 67,678 | 69,587 | 77,670 | 81,924 | 80,701 | 85,422 | 65,955 | 60,826 | 64,186 | 50,093 |
Operating lease right-of-use assets expense | |||||||||||
18,459 | - | - | - | - | - | - | - | - | - | - | - |
Deferred income tax benefit | |||||||||||
-14,511 | -33,675 | -2,693 | -10,921 | -15,196 | -18,859 | -24,025 | -18,896 | -3,021 | -26,641 | -28,038 | -13,323 |
Accounts Receivable, Credit Loss Expense (Reversal) | |||||||||||
2,900 | 1,600 | 1,500 | 2,009 | 1,304 | 2,104 | 1,465 | 938 | 404 | 1,757 | 1,610 | 1,184 |
Stock-based compensation expense | |||||||||||
116,190 | 83,346 | 53,154 | 33,347 | 33,951 | 36,861 | 35,298 | 32,415 | 23,088 | 19,019 | 13,212 | 11,779 |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | - | - | 14,531 | 9,971 | 13,888 | 10,046 | 11,753 | 13,168 | 4,070 |
Utilization of acquired net operating loss tax carryforward | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,477 |
Other | |||||||||||
-2,778 | -410 | -21 | -1,290 | -1,413 | -868 | -73 | -69 | -180 | -19 | 108 | 126 |
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
154,403 | 74,455 | 14,406 | 17,388 | -6,044 | 5,554 | 2,983 | 12,401 | 8,086 | 11,149 | 6,434 | 4,551 |
Other receivables and current assets | |||||||||||
26,182 | 30,241 | 18,498 | 39,644 | 17,662 | 877 | 44,162 | 50,485 | 16,926 | 61,467 | -10,166 | 19,578 |
Other long-term assets | |||||||||||
5,622 | -1,839 | 435 | 7,167 | -273 | 1,838 | 462 | -5,027 | 1,390 | 60,365 | -1,340 | 380 |
Accounts payable, accrued expenses and current liabilities | |||||||||||
38,543 | 19,920 | 27,045 | 16,919 | -6,993 | 8,208 | 15,737 | 9,548 | 18,222 | 16,542 | -7,016 | 7,007 |
Accrued income taxes | |||||||||||
575 | 1,086 | 1,215 | 9,052 | 5,770 | 12,102 | 11,876 | 14,616 | 9,668 | 10,608 | 19,929 | 2,460 |
Deferred revenue | |||||||||||
17,245 | 56,213 | 20,648 | 41,430 | 40,566 | 35,548 | 42,105 | 47,748 | 49,973 | 28,817 | -606 | 40,449 |
Other long-term liabilities | |||||||||||
-7,875 | -19,662 | 33,206 | 1,830 | -3,962 | -5,339 | -17,996 | -5,181 | -1,035 | 47,539 | 2,009 | 12,364 |
Net cash provided by operating activities | |||||||||||
499,936 | 484,988 | 427,660 | 365,980 | 375,699 | 385,307 | 332,983 | 298,415 | 307,661 | 166,884 | 173,689 | 196,708 |
Cash flows from investing activities: | |||||||||||
Acquisitions, net of cash acquired | |||||||||||
787,196 | 283,026 | 63,885 | 7,891 | 46,117 | 103,016 | 4,224 | 45,075 | 269,486 | 0 | 0 | 320,130 |
Capital expenditures | |||||||||||
44,940 | 21,762 | 19,149 | 12,443 | 16,145 | 26,023 | 28,848 | 23,977 | 22,063 | 14,260 | 8,323 | 16,639 |
Other investing activities | |||||||||||
1,412 | 7,443 | 11,631 | 11,839 | -230 | 231 | 105 | - | - | - | - | 0 |
Purchases of short-term investments | |||||||||||
- | - | - | - | - | - | - | 228 | 351 | 1,075 | 9,899 | 12,993 |
Maturities of short-term investments | |||||||||||
- | - | - | - | - | - | - | 324 | 257 | 8,687 | 7,491 | 11,763 |
Net cash used in investing activities | |||||||||||
-833,548 | -312,231 | -94,665 | -32,173 | -62,032 | -129,270 | -33,177 | -68,956 | -291,643 | -6,648 | -10,731 | -337,999 |
Cash flows from financing activities: | |||||||||||
Proceeds from long-term debt | |||||||||||
500,000 | 0 | 0 | - | - | - | - | - | - | - | - | 355,000 |
Principal payments on capital leases | |||||||||||
- | - | - | - | - | - | - | 14 | 87 | 283 | 306 | 506 |
Principal payments on long-term debt and capital leases | |||||||||||
- | - | - | - | - | - | 53,149 | 74,408 | 31,889 | 65,630 | 53,924 | 135,499 |
Purchase of treasury stock | |||||||||||
59,116 | 269,801 | 336,042 | 336,335 | 337,910 | 233,793 | 116,132 | 95,477 | 12,704 | 0 | 39,904 | 10,008 |
Restricted stock withholding taxes paid in lieu of issued shares | |||||||||||
42,431 | 28,879 | 11,112 | 5,057 | 4,446 | 5,108 | 4,269 | 0 | 0 | - | - | - |
Contingent consideration payments | |||||||||||
- | - | - | 1,048 | 1,173 | 4,504 | 3,174 | 3,241 | 0 | 0 | - | - |
Proceeds from shares issued for stock-based compensation | |||||||||||
34,093 | 41,019 | 52,503 | 53,811 | 43,623 | 43,323 | 36,994 | - | - | - | - | - |
Loan commitment fees | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 4,609 |
Proceeds from issuance of common stock under Employee Stock Purchase Plan | |||||||||||
- | - | - | - | - | - | - | 2,446 | 2,167 | 1,592 | 1,515 | 1,720 |
Proceeds from exercise of stock options | |||||||||||
- | - | - | - | - | - | - | 31,960 | 22,791 | 22,929 | 15,361 | 7,582 |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | - | - | 14,531 | 9,971 | 13,888 | 10,046 | 11,753 | 13,168 | 4,070 |
Other financing activities | |||||||||||
-3,137 | -5,014 | 0 | -1 | -21 | -91 | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||||
429,409 | -262,675 | -294,651 | -288,630 | -299,927 | -185,642 | -129,759 | -124,846 | -9,676 | -29,639 | -64,090 | 217,750 |
Effect of exchange rate fluctuations on cash and cash equivalents | |||||||||||
-842 | -14,444 | 20,678 | -6,866 | -17,636 | -24,817 | -4,264 | 262 | -6,993 | 6,004 | 8,834 | -15,507 |
Net decrease in cash and cash equivalents | |||||||||||
94,955 | -104,362 | 59,022 | 38,311 | -3,896 | 45,578 | 165,783 | 104,875 | -651 | 136,601 | 107,702 | 60,952 |
Supplemental disclosure of cash flow information: | |||||||||||
Income taxes paid | |||||||||||
86,770 | 87,244 | 116,389 | 118,455 | 107,218 | 118,004 | 97,706 | 103,196 | 64,731 | 131,861 | 58,859 | 58,259 |
Interest paid | |||||||||||
787 | 114 | 199 | - | 620 | 643 | 736 | 1,970 | 1,858 | 2,980 | 8,642 | 8,085 |
Fair value of common stock issued as consideration in connection with acquisitions | |||||||||||
307,173 | 0 | 0 | - | 3,528 | 68 | 0 | - | - | - | - | - |
Construction-in-progress - leased facility | |||||||||||
- | - | - | - | - | 18,136 | 18,136 | 0 | 0 | - | - | - |
Capital lease obligations incurred | |||||||||||
- | - | - | - | - | - | - | - | - | - | 96 | 364 |
Stock issued in acquisitions | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 432,601 |