| 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 - operating activities: | |||||||||||
Net income | |||||||||||
325,140 | 283,577 | 227,193 | 182,153 | 172,507 | 173,427 | 127,354 | 148,886 | 133,671 | -82,684 | 163,077 | 184,135 |
Adjustments to reconcile net income to net cash used in operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
43,900 | 38,500 | 39,900 | 38,881 | 36,294 | 36,524 | 36,310 | 31,204 | 27,426 | 25,498 | 26,768 | 25,160 |
Amortization of identifiable intangible assets | |||||||||||
48,100 | 42,400 | 48,600 | 40,908 | 37,895 | 37,966 | 31,028 | 29,762 | 26,350 | 16,417 | 18,977 | 23,357 |
Accounts Receivable, Credit Loss Expense (Reversal) | |||||||||||
2,600 | 2,100 | 7,300 | 6,194 | 2,853 | 2,918 | 3,533 | 1,163 | 2,238 | -5,126 | 7,178 | 11,671 |
Deferred income taxes | |||||||||||
1,701 | 4,249 | -53,358 | -8,108 | -10,300 | 5,748 | 11,857 | 6,626 | 8,826 | -15,390 | 2,922 | -9,492 |
Loss on sale of subsidiary | |||||||||||
- | - | - | - | - | -608 | 0 | 0 | - | - | - | - |
Gain on sale of building | |||||||||||
- | - | - | - | - | 11,749 | 0 | 0 | - | - | - | - |
Gain on sale of discontinued operation, net of income taxes | |||||||||||
- | - | - | - | - | - | - | - | 9,127 | 0 | 0 | - |
Gain on sale of equity investments | |||||||||||
- | - | - | - | - | - | - | - | - | 12,409 | 0 | 0 |
Gain on sale or disposal of property, plant and equipment | |||||||||||
3,981 | 517 | 1,846 | 330 | 248 | 4,920 | 903 | -272 | -592 | -127 | -387 | 495 |
Excess tax benefits from share-based compensation | |||||||||||
1,000 | 1,600 | 1,600 | 2,546 | 1,663 | 8,264 | 4,624 | 7,083 | 3,619 | 1,474 | 2,203 | 1,232 |
Equity loss (income) from unconsolidated entities | |||||||||||
-2,990 | 347 | 864 | 1,569 | 2,883 | 1,440 | 1,048 | 930 | 1,301 | 843 | 2,706 | 3,300 |
Non-cash expense for impairment of equity investment | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 6,967 |
Non-cash expense for amortization of debt issuance costs | |||||||||||
1,186 | 1,186 | 1,186 | 1,354 | 1,307 | 1,307 | 1,497 | 1,212 | 2,438 | 2,703 | 1,530 | 1,815 |
Non-cash expense from contingent consideration arrangements | |||||||||||
-1,373 | -186 | -317 | 0 | 464 | -606 | 6,793 | 6,381 | 2,798 | 394 | 304 | - |
Non-cash share-based compensation expense | |||||||||||
11,386 | 11,030 | 9,939 | 8,902 | 8,801 | 8,121 | 6,943 | 6,766 | 5,447 | 5,742 | 7,454 | 5,905 |
Non-cash income from changes in unrecognized tax benefits | |||||||||||
0 | 72 | 5,641 | 759 | -317 | 2,143 | -10,539 | 5,946 | -870 | - | - | - |
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | |||||||||||
0 | 907 | 57,819 | 2,428 | 0 | 1,471 | 0 | 0 | 3,795 | 246,081 | 13,526 | 0 |
Non-cash compensation expense | |||||||||||
11,386 | 11,030 | 9,939 | 8,902 | 8,801 | - | - | - | - | - | 7,454 | 5,905 |
Supplemental defined benefit plan contribution | |||||||||||
- | - | - | - | - | - | - | - | - | 25,916 | 0 | 0 |
Distributions from unconsolidated entities | |||||||||||
1,074 | 3,110 | 5,506 | 1,247 | 3,352 | 1,767 | 679 | 887 | 606 | 958 | 6,177 | 5,542 |
Changes in operating assets and liabilities, excluding the effect of businesses acquired: | |||||||||||
Increase in accounts receivable | |||||||||||
135,954 | 146,101 | 80,514 | 98,773 | 115,303 | -27,409 | 3,221 | 12,852 | 75,529 | 8,342 | -354,206 | -57,246 |
Decrease (increase) in inventories | |||||||||||
-4,345 | 3,915 | 4,936 | -954 | -9,733 | -5,269 | 865 | 5,597 | 10,549 | -2,118 | -20,135 | 601 |
(Increase) decrease in contract assets | |||||||||||
10,111 | 30,935 | -12,433 | 7,851 | 12,837 | 13,010 | -2,807 | -24,126 | 33,816 | -8,757 | -18,472 | -51,280 |
(Decrease) increase in accounts payable | |||||||||||
-33,971 | 78,554 | 54,910 | 13,141 | 25,440 | -25,122 | -12,904 | 5,425 | 34,727 | 16,992 | -135,107 | -43,740 |
Increase in contract liabilities | |||||||||||
51,310 | 20,726 | 24,695 | 57,244 | 58,614 | -11,868 | -2,793 | -62,533 | -16,278 | -73,714 | -87,645 | 22,117 |
Increase (decrease) in accrued payroll and benefits and other accrued expenses and liabilities | |||||||||||
49,551 | -24,715 | 24,017 | 22,659 | 37,122 | 32,340 | -14,761 | 24,345 | 49,634 | -42,639 | -19,014 | -13,069 |
Changes in other assets and liabilities, net | |||||||||||
4,070 | 7,304 | -1,036 | -6,243 | -16,763 | 14,594 | 13,488 | 6,836 | -7,562 | -13,065 | 33,058 | -11,760 |
Net cash used in operating activities | |||||||||||
355,700 | 271,011 | 366,049 | 262,372 | 266,666 | 246,657 | 150,069 | 184,408 | 149,425 | 69,527 | 360,772 | 335,026 |
Cash flows - investing activities: | |||||||||||
Payments for acquisitions of businesses, net of cash acquired | |||||||||||
300,980 | 72,080 | 107,223 | 232,947 | 28,195 | 0 | 454,671 | 20,613 | 301,306 | 39,902 | 21,686 | 89,359 |
Proceeds from sale of subsidiary | |||||||||||
- | - | - | - | - | 1,108 | 0 | 0 | - | - | - | 2,462 |
Proceeds from sale of building | |||||||||||
- | - | - | - | - | 11,885 | 0 | 0 | - | - | - | - |
Proceeds from sale of discontinued operation, net of cash sold | |||||||||||
- | - | - | - | - | - | - | - | 26,627 | 0 | 0 | - |
Proceeds from sale of equity investments | |||||||||||
- | - | - | - | - | - | - | - | - | 25,570 | 0 | 0 |
Proceeds from sale or disposal of property, plant and equipment | |||||||||||
5,487 | 1,237 | 4,014 | 2,023 | 3,847 | 7,239 | 2,930 | 3,070 | 1,409 | 1,032 | 1,215 | 1,381 |
Purchase of property, plant and equipment | |||||||||||
48,432 | 43,479 | 34,684 | 39,648 | 35,460 | 38,035 | 35,497 | 37,875 | 29,581 | 19,359 | 24,100 | 37,514 |
Investments in and advances to unconsolidated entities | |||||||||||
2,252 | 3,484 | 675 | 99 | 0 | 3,865 | 800 | 0 | 28 | 65 | 8,000 | 800 |
Distributions from unconsolidated entities | |||||||||||
838 | 84 | 475 | 0 | 0 | - | - | - | - | - | - | - |
Purchase of short-term investments | |||||||||||
- | - | - | - | - | - | - | 22,433 | 17,639 | 0 | 0 | - |
Maturity of short-term investments | |||||||||||
- | - | - | - | - | - | 4,616 | 35,305 | 0 | 0 | - | - |
Net disbursements for other investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 297 |
Net cash used in investing activities | |||||||||||
-345,339 | -117,722 | -138,093 | -270,671 | -59,808 | -21,668 | -483,422 | -42,546 | -320,518 | -32,724 | -52,571 | -124,127 |
Cash flows - financing activities: | |||||||||||
Proceeds from revolving credit facility | |||||||||||
50,000 | 0 | 0 | 220,000 | 0 | 0 | 250,000 | 0 | 0 | 153,000 | 0 | 58,500 |
Repayments of revolving credit facility | |||||||||||
25,000 | 0 | 100,000 | 95,000 | 0 | 0 | 400,000 | 0 | 0 | 3,000 | 0 | 58,500 |
Proceeds from long-term debt | |||||||||||
- | - | - | 400,000 | 0 | 0 | 350,000 | 0 | 0 | - | - | - |
Repayments of long-term debt and debt issuance costs | |||||||||||
15,198 | 15,235 | 15,202 | 417,990 | 17,514 | 17,454 | 3,013 | 40 | 4,147 | 200,828 | 3,041 | 28,101 |
Repayments of finance lease liabilities | |||||||||||
4,571 | 1,501 | 1,445 | 1,384 | 2,737 | 1,715 | 1,692 | 1,978 | 1,095 | 430 | 1,085 | 916 |
Dividends paid to stockholders | |||||||||||
17,950 | 18,640 | 18,971 | 19,454 | 20,095 | 21,293 | 12,080 | 34,073 | 3,336 | 0 | 0 | - |
Repurchase of common stock | |||||||||||
0 | 216,244 | 93,166 | 94,221 | 104,330 | 201,994 | 26,070 | 23,912 | 27,523 | 0 | 0 | - |
Proceeds from Stock Options Exercised | |||||||||||
- | - | - | 700 | 3,836 | 6,858 | 5,172 | 8,786 | 5,608 | 2,818 | 2,801 | 2,408 |
Taxes paid related to net share settlements of equity awards | |||||||||||
6,451 | 3,848 | 3,462 | 4,225 | 3,866 | 1,481 | 927 | 1,654 | 1,256 | 875 | 1,660 | - |
Issuance of common stock under employee stock purchase plan | |||||||||||
6,090 | 5,765 | 4,793 | 4,814 | 4,223 | 3,615 | 2,854 | 2,549 | 2,310 | 2,305 | 2,165 | 379 |
Payments for contingent consideration arrangements | |||||||||||
5,917 | 3,339 | 1,017 | 0 | 403 | 0 | 537 | 5,748 | 1,118 | 0 | 0 | - |
Distributions to noncontrolling interests | |||||||||||
250 | 0 | 0 | 2,710 | 10,250 | 4,750 | 1,300 | 1,600 | 2,350 | 2,500 | 1,350 | 0 |
Excess tax benefits from share-based compensation | |||||||||||
- | - | - | - | 1,663 | 8,264 | 4,624 | 7,083 | 3,619 | 1,474 | 2,203 | 1,232 |
Net cash provided by (used in) financing activities | |||||||||||
-19,247 | -253,042 | -228,470 | -9,429 | -149,473 | -229,950 | 167,031 | -50,587 | -29,288 | -48,036 | 33 | -24,998 |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | |||||||||||
2,592 | -3,421 | 3,242 | -6,675 | -2,610 | -2,796 | 832 | 2,706 | 867 | -4,906 | 12,872 | -31,669 |
Decrease in cash, cash equivalents, and restricted cash | |||||||||||
-6,294 | -103,174 | 2,728 | -24,403 | 54,775 | -7,757 | -165,490 | 93,981 | -199,514 | -16,139 | 321,106 | 154,232 |
Supplemental cash flow information: | |||||||||||