| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||||
Net income | |||||||||||
350,158 | 176,553 | 176,253 | 22,938 | 475,602 | 445,374 | 327,438 | 278,000 | 214,945 | 178,981 | 126,845 | 78,202 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
212,778 | 201,979 | 163,348 | 146,368 | 130,368 | 110,474 | 96,054 | 84,130 | 74,938 | 68,921 | 61,308 | 52,770 |
Amortization of operating lease assets | |||||||||||
163,952 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Deferred income tax provision | |||||||||||
29,962 | 10,585 | -18,026 | -14,207 | 11,666 | -20,671 | 2,103 | -18,057 | 11,935 | 10,479 | 8,282 | 13,165 |
Impairment, closure costs, and asset disposals | |||||||||||
-15,402 | -61,987 | -13,345 | -23,877 | -13,194 | -6,976 | -6,751 | -5,027 | -5,806 | -6,296 | 5,956 | -9,339 |
Increase in valuation allowance | |||||||||||
- | - | - | - | - | - | - | - | - | - | -141 | 89 |
Provision for credit losses | |||||||||||
33 | 125 | 214 | -262 | -23 | 9 | 19 | 1,046 | 239 | -151 | -245 | 440 |
Stock-based compensation expense | |||||||||||
91,396 | 69,164 | 65,255 | 64,166 | 57,911 | 96,440 | 63,657 | 64,276 | 41,382 | 21,381 | 14,992 | 11,374 |
Excess tax benefit on stock-based compensation | |||||||||||
- | - | - | - | 74,442 | 21,667 | 38,379 | 73,210 | 38,786 | 14,526 | 10,435 | 284 |
Other | |||||||||||
10,592 | 2,918 | 218 | 1,924 | -582 | 104 | 507 | 522 | 2,501 | - | 222 | -226 |
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
2,630 | 8,298 | 140 | 1,923 | 3,504 | 10,966 | 7,238 | 9,438 | 2,970 | 743 | 875 | -1,290 |
Inventory | |||||||||||
4,530 | 1,722 | 5,250 | 91 | -262 | 2,307 | 1,950 | 2,180 | 1,816 | 1,481 | 825 | 457 |
Prepaid expenses and other current assets | |||||||||||
23,066 | 3,811 | 6,710 | 4,259 | 5,259 | 658 | 6,806 | 5,954 | 5,399 | 1,632 | 2,613 | 2,767 |
Other assets | |||||||||||
-2,818 | 2,005 | 1,476 | -1,063 | 5,619 | -1,071 | 1,354 | 20,539 | 7,350 | 8,956 | -374 | 2,673 |
Accounts payable | |||||||||||
-973 | 32,080 | 10,908 | -6,734 | 19,525 | 2,168 | 2,052 | 7,849 | 9,432 | 6,989 | 1,435 | 3,635 |
Accrued payroll and benefits | |||||||||||
11,759 | 29,568 | 6,188 | 11,416 | - | - | - | - | - | - | - | - |
Accrued liabilities | |||||||||||
36,543 | 14,831 | 28,179 | 13,692 | -7,440 | 35,019 | 12,020 | 21,307 | 17,451 | 16,607 | 19,804 | -529 |
Unearned revenue | |||||||||||
30,400 | 6,829 | 4,207 | 8,383 | - | - | - | - | - | - | - | - |
Income tax payable/receivable | |||||||||||
-32,083 | 14,439 | -4,173 | 54,340 | 32,756 | 8,831 | 44,334 | 59,357 | 66,555 | -13,209 | 14,927 | 9,534 |
Deferred rent | |||||||||||
0 | 21,297 | 29,996 | 37,030 | 32,911 | 27,025 | -25,715 | -23,765 | -19,624 | -17,261 | 19,386 | 23,817 |
Operating lease liabilities | |||||||||||
151,557 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Other long-term liabilities | |||||||||||
1,862 | 869 | 6,316 | 1,287 | 4,826 | 4,845 | 3,857 | 4,062 | 2,609 | 2,974 | 1,994 | 1,788 |
Net cash provided by operating activities | |||||||||||
721,632 | 621,552 | 468,216 | 355,160 | 683,316 | 682,067 | 528,780 | 419,963 | 411,096 | 289,191 | 260,673 | 198,507 |
Investing activities | |||||||||||
Purchases of leasehold improvements, property and equipment | |||||||||||
333,912 | 287,390 | 216,777 | 258,842 | 257,418 | 252,590 | 199,926 | 197,037 | 151,147 | 113,215 | 117,198 | 152,101 |
Purchases of investments | |||||||||||
448,754 | 485,188 | 199,801 | 0 | 559,372 | 521,004 | 387,639 | 213,462 | 183,251 | 125,000 | 50,000 | 99,990 |
Maturities of investments | |||||||||||
476,723 | 385,000 | 330,000 | 45,000 | 352,650 | 254,750 | 159,250 | 55,000 | 124,766 | 50,234 | 99,990 | 20,000 |
Proceeds from sale of equipment | |||||||||||
13,969 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from sale of investments | |||||||||||
- | - | - | 540,648 | 0 | 0 | - | - | - | - | - | - |
Acquisition of interests in equity method investment | |||||||||||
- | - | - | - | - | - | - | - | 586 | 1,900 | - | 0 |
Net cash provided by (used in) investing activities | |||||||||||
-291,974 | -387,578 | -86,578 | 326,806 | -464,140 | -518,844 | -428,315 | -355,499 | -210,218 | -189,881 | -67,208 | -232,091 |
Financing activities | |||||||||||
Acquisition of treasury stock | |||||||||||
190,617 | 160,937 | 285,218 | 836,760 | 460,675 | 88,338 | 138,903 | 217,092 | 63,508 | 126,602 | 84,089 | 30,227 |
Tax withholding on stock-based compensation awards | |||||||||||
10,420 | 5,411 | 702 | 895 | - | - | - | - | - | - | - | - |
Proceeds from employee stock plan transactions | |||||||||||
- | - | - | - | - | - | - | - | 574 | 17,650 | 11,793 | 471 |
Excess tax benefit on stock-based compensation | |||||||||||
- | - | - | - | 74,442 | 21,667 | 38,379 | 73,210 | 38,786 | 14,526 | 10,435 | 284 |
Stock plan transactions and other financing activities | |||||||||||
-698 | -187 | 26 | 1,372 | -207 | -66 | 173 | 348 | -120 | 96 | -82 | -76 |
Net cash used in financing activities | |||||||||||
-201,735 | -166,535 | -285,894 | -836,283 | -386,440 | -66,737 | -100,351 | -143,534 | -24,268 | -94,522 | -61,943 | -29,548 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||||
406 | -1,457 | 2,056 | 110 | -4,196 | -224 | 536 | 380 | -205 | 484 | - | - |
Net change in cash, cash equivalents, and restricted cash | |||||||||||
228,329 | 65,982 | 97,800 | -154,207 | -171,460 | 96,262 | 650 | -78,690 | 176,405 | 5,272 | 131,522 | -63,132 |
Supplemental disclosures of cash flow information | |||||||||||
Income taxes paid (refunded) | |||||||||||
109,571 | 67,053 | 119,787 | 23,862 | 248,547 | 280,687 | 160,973 | 138,385 | 56,270 | 112,150 | 53,644 | 37,568 |
Increase (decrease) in acquistion of treasury stock accrued in accrued liabilities | |||||||||||
- | - | - | - | 25,178 | 0 | 0 | - | - | - | - | - |
Purchases of leasehold improvements, property, and equipment accrued in accounts payable and accrued liabilities | |||||||||||
36,886 | 30,870 | 31,806 | -1,781 | -2,870 | 9,424 | -1,736 | 4,455 | 3,249 | 1,480 | 95 | -375 |