| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||
Net income | |||||||||
418,529 | 301,692 | 260,825 | 294,094 | 232,569 | 232,188 | 219,058 | 239,955 | 84,694 | 25,419 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
68,575 | 64,756 | 59,544 | 61,536 | 62,660 | 72,327 | 74,009 | 75,205 | 80,603 | 95,763 |
Stock-based compensation expense | |||||||||
31,275 | 23,318 | 21,249 | 24,992 | 26,163 | 20,065 | 24,841 | 31,263 | 48,678 | 71,897 |
Deferred Income Tax Expense (Benefit) | |||||||||
23,006 | 8,956 | 20,958 | 3,549 | -2,543 | -26,371 | -48,088 | 74,785 | 42,763 | 19,837 |
Amortization of original issuance discount on debt | |||||||||
- | - | - | - | - | - | - | - | - | 2,505 |
Excess tax benefits from stock-based compensation | |||||||||
10,777 | 14,457 | 18,175 | 31,924 | 50,800 | 38,185 | 26,860 | 16,461 | 15,974 | 1,915 |
Amortization of debt issuance costs and loss on extinguishment | |||||||||
9,354 | 5,974 | 15,566 | 8,359 | 11,582 | 11,682 | 17,224 | 5,880 | 52,742 | 5,700 |
Losses on dispositions | |||||||||
5,464 | 246 | -4,673 | 547 | 1,541 | 1,024 | 1,106 | 376 | -41 | - |
Gain on sales of businesses | |||||||||
- | - | - | - | - | - | 254 | 4,082 | 0 | - |
Changes in assets and liabilities: | |||||||||
Accounts receivable, net of allowance | |||||||||
196,453 | 126,196 | 95,217 | 31,229 | -60,533 | -110,308 | -125,125 | -25,275 | 92,693 | 92,386 |
Income taxes receivable / payable | |||||||||
32,411 | 9,636 | 54,564 | -4,170 | 36,456 | -1,903 | 104,877 | -31,832 | 2,907 | -14,429 |
Prepaid expenses and other current assets | |||||||||
2,328 | -14,119 | 115 | -24,873 | 1,591 | 5,923 | -10,006 | -7,622 | 951 | -150 |
Other current assets | |||||||||
- | - | - | - | - | - | - | - | 12,941 | -15,672 |
Other long-term assets | |||||||||
15,346 | 12,394 | 10,146 | 49,060 | 8,240 | 4,773 | -2,723 | 6,250 | 6,833 | 3,742 |
Accrued compensation and benefits | |||||||||
44,137 | 11,296 | 21,535 | -8,409 | -44,329 | -72,881 | -26,832 | -35,287 | 9,804 | 33,760 |
Accounts payable and other accrued expenses | |||||||||
107,515 | 47,316 | 14,846 | 4,911 | -35,443 | 39,178 | -23,760 | 35,390 | 52,214 | 110,265 |
Accrued interest | |||||||||
122 | 6,218 | -806 | -2,829 | 5,262 | 0 | -3,563 | -11,801 | 8,451 | -10,633 |
Income tax reserves | |||||||||
278 | -140 | 91 | 56,927 | -1,038 | -388 | -1,736 | -35,192 | -10,163 | 2,483 |
Other current liabilities | |||||||||
-7,878 | 4,755 | 7,562 | 66,031 | 5,127 | -1,090 | 11,367 | -2,373 | 612 | -8,190 |
Postretirement obligations | |||||||||
- | - | - | - | - | - | - | - | - | 6,139 |
Other long-term liabilities | |||||||||
3,210 | 24,260 | 25,505 | -55,110 | 9,973 | -3,316 | 1,939 | 7,573 | 52,385 | 12,189 |
Net cash provided by operating activities | |||||||||
499,610 | 369,143 | 382,277 | 249,234 | 309,958 | 332,718 | 464,654 | 360,046 | 296,339 | 270,484 |
Cash flows from investing activities | |||||||||
Purchases of property, equipment, and software | |||||||||
94,681 | 78,437 | 53,919 | 66,635 | 36,041 | 20,905 | 33,113 | 76,925 | 88,784 | 49,271 |
Payments for business acquisitions, net of cash acquired | |||||||||
-5,469 | 19,113 | 247,627 | 51,118 | 24,534 | -3,563 | 157,964 | 0 | 0 | - |
Insurance proceeds received for damage to equipment | |||||||||
0 | 1,097 | 650 | 0 | 0 | - | - | - | - | - |
Other | |||||||||
- | - | - | - | - | - | - | - | -1,384 | -38,280 |
Proceeds from sales of businesses | |||||||||
- | - | - | - | - | - | 625 | 23,332 | 0 | - |
Escrow receipts | |||||||||
- | - | - | - | - | -3,786 | 0 | 0 | - | - |
Net cash used in investing activities | |||||||||
-89,212 | -96,453 | -300,896 | -117,753 | -60,575 | -13,556 | -190,452 | -53,593 | -87,400 | -10,991 |
Cash flows from financing activities | |||||||||
Proceeds from issuance of common stock | |||||||||
11,266 | 8,907 | 6,314 | 5,977 | 5,020 | 5,078 | 6,373 | 8,757 | 251,135 | - |
Stock option exercises | |||||||||
12,116 | 12,095 | 14,687 | 7,962 | 6,099 | 14,620 | 14,977 | 7,349 | 4,790 | 1,334 |
Payment of deferred payment obligation | |||||||||
- | - | - | - | - | - | - | - | - | 78,000 |
Excess tax benefits from stock-based compensation | |||||||||
0 | 0 | 18,175 | 31,924 | 50,800 | 38,185 | 26,860 | 16,461 | 15,974 | 1,915 |
Repurchases of common stock | |||||||||
252,824 | 270,318 | 46,548 | 63,152 | 62,140 | 3,709 | 1,067 | 5,377 | 0 | - |
Payments of Dividends | |||||||||
114,234 | 103,411 | 92,925 | 80,015 | 215,094 | 345,802 | 1,122,457 | 11,906 | 0 | 612,401 |
Dividend equivalents paid to option holders | |||||||||
280 | 951 | 2,254 | 31,802 | 47,110 | 56,138 | 49,765 | 0 | 0 | - |
Debt issuance costs | |||||||||
- | - | - | - | - | - | 29,607 | 0 | - | - |
Repayment of debt | |||||||||
170,512 | 317,149 | 968,325 | 295,063 | 279,563 | 355,563 | 993,250 | 30,000 | 1,637,850 | 16,100 |
Proceeds from debt issuance | |||||||||
102,071 | 467,678 | 1,019,383 | 273,000 | 239,828 | 293,777 | 1,739,750 | 0 | 1,041,808 | 330,692 |
Payment on contingent liabilities from acquisition | |||||||||
969 | 0 | 0 | - | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
-413,366 | -203,149 | -51,493 | -151,169 | -302,160 | -409,552 | -408,186 | -14,716 | -324,143 | -372,560 |
Net increase (decrease) in cash and cash equivalents | |||||||||
-2,968 | 69,541 | 29,888 | -19,688 | -52,777 | -90,390 | -133,984 | 291,737 | -115,204 | -113,067 |
Net cash paid during the period for: | |||||||||
Interest | |||||||||
76,731 | 62,498 | 49,062 | 57,068 | 50,074 | 61,050 | 58,847 | 53,993 | 109,895 | 126,744 |
Income taxes | |||||||||
52,512 | 128,416 | 89,556 | 143,083 | 122,912 | 178,411 | 90,146 | 89,314 | 7,715 | 5,474 |
Supplemental disclosures of non-cash investing and financing activities | |||||||||
Share repurchases transacted but not settled and paid | |||||||||
6,315 | 9,146 | 9,907 | 0 | 0 | - | - | - | - | - |
Contingent consideration arising from businesses acquired | |||||||||
0 | 0 | 3,576 | 0 | 0 | - | - | - | - | - |
Noncash financing activities | |||||||||
3,033 | 0 | 0 | - | - | - | - | - | - | - |