| Aug'19 | Aug'18 | Aug'17 | Aug'16 | Aug'15 | Aug'14 | Aug'13 | Aug'12 | Aug'11 | Aug'10 | Aug'09 |
|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||||
Net income | ||||||||||
352,790 | 267,085 | 258,259 | 338,815 | 241,051 | 211,543 | 198,637 | 188,809 | 171,046 | 150,211 | 144,950 |
Adjustments to reconcile net income to net cash provided by operating activities | ||||||||||
Depreciation and amortization | ||||||||||
60,463 | 57,285 | 48,294 | 38,052 | 31,349 | 34,435 | 35,779 | 33,779 | 36,847 | 37,343 | 34,337 |
Stock-based compensation expense | ||||||||||
32,400 | 31,516 | 34,183 | 29,793 | 26,371 | 22,891 | 39,951 | 21,982 | 25,773 | 14,065 | 13,623 |
Loss (gain) on sale of business | ||||||||||
- | - | - | 112,453 | 0 | 0 | - | - | - | - | - |
Deferred income taxes | ||||||||||
2,278 | 1,910 | -4,879 | -4,528 | 969 | 1,028 | -3,175 | 3,760 | 1,806 | 5,827 | 4,318 |
Loss on sale of assets | ||||||||||
-196 | -140 | -1,282 | -8 | 34 | 62 | 26 | 0 | 22 | 80 | -101 |
Tax benefits from share-based payment arrangements | ||||||||||
0 | 0 | 10,331 | 18,205 | 28,948 | 11,955 | 25,225 | 11,159 | 18,331 | 24,492 | 4,374 |
Changes in assets and liabilities, net of effects of acquisitions | ||||||||||
Accounts receivable, net of reserves | ||||||||||
-10,205 | 8,417 | 29,503 | 3,541 | 4,300 | 13,299 | -859 | -2,083 | 15,311 | -3,883 | -12,005 |
Accounts payable and accrued expenses | ||||||||||
-2,290 | 12,077 | -2,226 | 5,525 | 8,123 | -2,903 | 3,355 | 9 | 715 | -1,308 | 3,081 |
Accrued compensation | ||||||||||
-1,743 | 5,735 | 6,427 | 3,961 | 3,516 | 1,953 | -776 | 519 | -7,882 | 7,440 | 4,212 |
Deferred fees | ||||||||||
458 | 6,035 | -229 | 700 | 53 | 3,594 | -1,107 | -2,573 | 3,219 | -7,759 | -526 |
Taxes payable, net of prepaid taxes | ||||||||||
-19,238 | 27,659 | 7,877 | 30,270 | 30,437 | 23,309 | 13,498 | 4,209 | 20,387 | 35,781 | 1,547 |
Prepaid expenses and other assets | ||||||||||
- | - | - | -7 | 4,523 | 1,535 | -2,105 | 445 | 6,579 | -281 | 3,163 |
Deferred rent and other non-current liabilities | ||||||||||
- | - | - | -13,674 | -4,322 | 1,672 | 2,846 | 905 | 483 | 359 | 3,209 |
Other, net | ||||||||||
3,827 | 11,537 | -1,613 | -6 | 6 | 248 | -2,430 | 583 | 437 | -1,901 | 3,288 |
Net cash provided by operating activities | ||||||||||
427,136 | 385,668 | 320,527 | 331,140 | 306,442 | 265,023 | 269,809 | 231,965 | 207,136 | 211,080 | 207,770 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||||
Proceeds from maturities of investments | ||||||||||
- | - | - | - | - | - | - | 0 | - | - | - |
Purchases of property, equipment and leasehold improvements, net of proceeds from dispositions | ||||||||||
59,370 | 33,520 | 36,862 | 47,740 | 25,682 | 17,743 | 18,517 | 22,520 | 29,343 | 20,768 | 24,040 |
Acquisition of businesses and investments, net of cash and cash equivalents acquired | ||||||||||
0 | 15,000 | 303,086 | 262,909 | 34,758 | 46,873 | 705 | 21,329 | - | 55,180 | 0 |
Proceeds from sale of business, net | ||||||||||
- | - | - | 153,137 | 0 | 0 | - | - | - | - | - |
Purchases of investments | ||||||||||
11,135 | 12,470 | 30,757 | 18,137 | 24,264 | 20,415 | 15,613 | 15,000 | - | - | - |
Proceeds from maturity or sale of investments | ||||||||||
-14,405 | -12,459 | -23,399 | -17,241 | 19,827 | 14,323 | 14,423 | - | - | - | 25,260 |
Net cash used in investing activities | ||||||||||
-56,100 | -48,531 | -347,306 | -158,408 | -64,877 | -70,708 | -20,412 | -58,849 | -29,343 | -75,948 | 1,220 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||||
Repurchases of common stock | ||||||||||
220,372 | 303,955 | 260,978 | 356,828 | 256,217 | 279,829 | 332,168 | 153,641 | 216,584 | 192,816 | 103,827 |
Dividend payments | ||||||||||
100,052 | 89,408 | 80,898 | 74,218 | 66,551 | 61,007 | 56,002 | 49,983 | 43,949 | 38,494 | 34,770 |
Repayment of debt | ||||||||||
575,000 | 0 | 365,000 | 0 | 0 | - | - | - | - | - | - |
Proceeds from debt | ||||||||||
575,000 | 0 | 640,000 | 265,000 | 35,000 | 0 | - | - | - | - | - |
Sale of business | ||||||||||
- | - | - | - | 0 | - | - | - | - | - | - |
Debt issuance costs | ||||||||||
- | - | - | 12 | 32 | 0 | - | - | - | - | - |
Proceeds from employee stock plans | ||||||||||
107,051 | 71,610 | 50,045 | 56,851 | 71,526 | 52,152 | 124,537 | 33,747 | 43,079 | 55,250 | 23,804 |
Tax benefits from share-based payment arrangements | ||||||||||
0 | 0 | 10,331 | 18,205 | 28,948 | 11,955 | 25,225 | 11,159 | 18,331 | 24,492 | 4,374 |
Other financing, net | ||||||||||
-901 | 1,716 | -1,661 | 0 | - | - | - | - | - | - | - |
Net cash used by financing activities | ||||||||||
-214,274 | -320,037 | -8,161 | -91,002 | -187,326 | -276,729 | -238,408 | -158,718 | -199,123 | -151,568 | -110,419 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-5,586 | -3,208 | 1,264 | -12,237 | -11,703 | 2,165 | -3,406 | -7,039 | 7,274 | -4,143 | -237 |
Net (decrease) increase in cash and cash equivalents | ||||||||||
151,176 | 13,892 | -33,676 | 69,493 | 42,536 | -80,249 | 7,583 | 7,359 | -14,056 | -20,579 | 98,334 |
Cash paid during the year for interest | ||||||||||
19,509 | 15,676 | 8,466 | 3,010 | - | - | - | - | - | - | - |
Cash paid during the year for income taxes, net of refunds | ||||||||||
89,997 | 68,707 | 74,788 | 87,513 | 64,750 | 67,152 | 53,153 | 73,219 | 36,869 | 38,450 | 64,536 |
Stock issued for acquisition of business | ||||||||||
- | - | - | - | 2,991 | 0 | - | 3,974 | - | - | - |