| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 |
|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||
Net income | ||||||||||
265,604 | 301,171 | 163,671 | 142,799 | 126,296 | 135,919 | 152,676 | 168,211 | 145,152 | 107,258 | 90,417 |
Reconciliation of net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
85,877 | 72,196 | 71,760 | 64,752 | 66,083 | 65,181 | 54,078 | 55,962 | 56,067 | 53,039 | 46,592 |
Non-cash interest expense | ||||||||||
- | - | - | - | - | 11,421 | 12,868 | 12,024 | - | - | - |
Non-cash interest expense | ||||||||||
- | - | - | - | - | - | - | 1,322 | 11,235 | 10,499 | 9,809 |
Amortization of deferred financing costs | ||||||||||
2,406 | 4,061 | 4,484 | 3,234 | 2,639 | 2,940 | 2,073 | 2,237 | 2,785 | 2,356 | 2,553 |
Loss on extinguishment of debt | ||||||||||
-363 | -104 | - | - | -272 | -4,116 | - | - | - | - | - |
Loss on disposal of assets | ||||||||||
-70 | -989 | -1,025 | - | - | - | - | - | - | - | - |
Stock-based compensation expense | ||||||||||
25,272 | 23,628 | 21,945 | 17,919 | 14,072 | 11,557 | 8,832 | 15,499 | 17,915 | 30,750 | 16,821 |
Deferred income taxes | ||||||||||
-1,009 | -77,324 | 15,148 | 13,568 | 27,022 | 15,559 | 31,102 | 10,653 | 7,587 | -4,703 | 9,624 |
Equity in earnings of unconsolidated ventures | ||||||||||
- | - | 167 | 204 | 874 | 1,656 | 2,620 | 1,728 | 1,755 | - | - |
Gain on sale of assets | ||||||||||
- | - | 1,545 | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities, net of effect of business acquisitions: | ||||||||||
Accounts receivable, net | ||||||||||
-96,754 | 42,575 | -46,158 | 105 | -18,889 | -91,010 | -32,265 | 33,919 | 23,624 | 49,291 | 36,055 |
Prepaid expenses and other assets | ||||||||||
5,372 | 9,146 | 5,221 | 8,408 | 2,057 | 4,666 | 6,112 | 11,064 | 18,391 | 11,628 | 5,555 |
Accounts payable and other accrued expenses | ||||||||||
70,692 | 1,097 | -46,825 | 2,427 | -21,484 | -119,997 | -5,750 | 41,879 | -8,394 | 49,910 | 12,330 |
Accrued compensation and benefits | ||||||||||
8,387 | 13,544 | 12,048 | 4,320 | 2,776 | -20,416 | -23,744 | 3 | 18,277 | 9,423 | 5,030 |
Income taxes payable and receivable | ||||||||||
-1,119 | -6,090 | 9,954 | -14,868 | -17 | -11,537 | 17,188 | -930 | -8,590 | -3,288 | -2,177 |
Deferred rent | ||||||||||
-538 | -183 | -952 | -9,631 | -4,323 | -1,151 | -2,861 | -2,878 | -809 | 145 | 1,585 |
Long-term liabilities | ||||||||||
5,672 | 27,808 | 9,675 | -2,962 | -2,466 | 2,116 | 13,712 | 12,092 | 14,903 | 8,588 | -1,240 |
Net cash provided by operating activities | ||||||||||
555,297 | 321,460 | 281,250 | 242,577 | 226,862 | 203,470 | 249,331 | 271,223 | 231,156 | 209,344 | 150,918 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||||
Capital expenditures | ||||||||||
47,902 | 41,594 | 43,268 | 20,835 | 17,444 | 15,279 | 15,439 | 18,284 | 14,388 | 22,503 | 12,369 |
Cash paid for business acquisitions, net of cash acquired | ||||||||||
1,082,809 | 76,910 | 7,276 | 587,821 | 14,972 | 839,050 | 107,021 | 185,926 | 129,689 | 87,943 | 26,532 |
Proceeds from net working capital and other refunds of acquired business | ||||||||||
- | - | 19,287 | - | - | - | - | - | - | - | - |
Proceeds from equity method investments | ||||||||||
- | - | 4,681 | - | 391 | 3,550 | - | - | - | - | - |
Net investments in unconsolidated joint ventures | ||||||||||
- | - | - | - | - | - | 838 | - | 5,964 | 2,428 | - |
Other | ||||||||||
-2,729 | -3,898 | -1,772 | -1,069 | -629 | 876 | 4,119 | 158 | -798 | 3 | -133 |
Net cash used in investing activities | ||||||||||
-1,127,982 | -114,606 | -24,804 | -607,587 | -31,396 | -851,655 | -127,417 | -204,368 | -149,243 | -112,877 | -38,768 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||||
Proceeds from borrowings under bank credit facilities | ||||||||||
2,531,500 | 477,000 | 485,500 | 1,058,500 | 438,969 | 1,577,000 | 838,000 | 1,095,000 | 343,978 | - | 628 |
Principal payments made under bank credit facilities | ||||||||||
1,928,420 | 647,474 | 714,465 | 659,965 | 650,141 | 902,781 | 790,500 | 977,500 | 482,403 | 53,600 | 4,547 |
Payment of financing costs under bank credit facilities | ||||||||||
3,177 | 2,915 | - | 9,290 | 2,279 | 13,369 | 612 | 1,249 | - | - | - |
Payment of contingent consideration | ||||||||||
616 | 11,553 | - | - | - | 3,294 | 3,187 | 21,611 | 3,345 | - | - |
Proceeds from employee stock purchase plans | ||||||||||
5,702 | 4,929 | 4,316 | 3,086 | 3,287 | 3,527 | 4,505 | 4,095 | 4,116 | 4,501 | 5,550 |
Proceeds from exercise of stock options | ||||||||||
- | - | - | - | 691 | - | 13,050 | 7,466 | 22,077 | 5,589 | 2,129 |
Repurchases of common stock | ||||||||||
5,838 | 5,138 | 4,386 | 3,230 | 3,400 | 3,653 | 127,529 | 316,563 | 53,647 | 3,496 | 23,705 |
Payment of taxes for equity transactions | ||||||||||
19,595 | 21,365 | 10,951 | 8,045 | 7,378 | 9,764 | 7,605 | 4,535 | 5,192 | - | - |
Other | ||||||||||
- | - | - | 451 | -2,257 | -991 | 853 | -584 | 1,546 | -7 | -1,156 |
Net cash provided by (used in) financing activities | ||||||||||
579,556 | -206,516 | -239,986 | 381,507 | -222,508 | 646,675 | -73,025 | -215,481 | -172,870 | -47,013 | -21,101 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-1,037 | 317 | -3 | -2,779 | -2,055 | 1,634 | -292 | -451 | 1,231 | -3,399 | -2,957 |
Net increase in cash and cash equivalents | ||||||||||
5,834 | 655 | 16,457 | 13,718 | -29,097 | 124 | 48,597 | -149,077 | -89,726 | 46,055 | 88,092 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||||||||||
Cash paid during the period for income taxes, net of refunds | ||||||||||
68,303 | 57,941 | 79,268 | 54,970 | 45,068 | 52,268 | 76,573 | 94,994 | 65,875 | 66,713 | 50,223 |
Cash paid during the period for interest | ||||||||||
44,673 | 40,100 | 45,015 | 37,429 | 33,491 | 23,877 | 13,429 | 12,447 | 10,709 | 13,694 | 19,537 |
Non-cash financing and investing activities: | ||||||||||
Landlord sponsored tenant improvement | ||||||||||
5,180 | - | - | - | - | - | - | - | - | - | - |
Accrued capital expenditures | ||||||||||
8,223 | 609 | 667 | 2,170 | 1,349 | - | - | - | - | - | - |
Landlord-financed leasehold improvements | ||||||||||
- | - | - | - | - | 2,190 | 3,030 | 5,010 | 2,853 | 16,815 | 5,276 |