| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net income | ||||||||||||
914,000 | 1,187,000 | 1,246,000 | 930,000 | 712,000 | 754,000 | 648,000 | 611,000 | 472,000 | 496,000 | 476,000 | 569,000 | 439,000 |
Adjustment for discontinued operations | ||||||||||||
0 | 0 | 14,000 | 0 | 0 | - | -2,000 | 19,000 | -15,000 | -10,000 | 3,000 | 211,000 | 27,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Depreciation and other amortization | ||||||||||||
615,000 | 382,000 | 270,000 | 263,000 | 223,000 | 200,000 | 193,000 | 190,000 | 190,000 | 191,000 | 188,000 | 200,000 | 143,000 |
Amortization of acquisition-related intangible assets | ||||||||||||
1,036,000 | 163,000 | 159,000 | 158,000 | 194,000 | 204,000 | 210,000 | 160,000 | 155,000 | 148,000 | 145,000 | 150,000 | 33,000 |
Amortization of financing costs, debt discounts and other | ||||||||||||
127,000 | 11,000 | 15,000 | - | - | - | - | - | - | - | - | - | - |
Net foreign currency gain on financing activities | ||||||||||||
50,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Share-based compensation | ||||||||||||
229,000 | 73,000 | 63,000 | 68,000 | 65,000 | 49,000 | 46,000 | 44,000 | 39,000 | 39,000 | 36,000 | 34,000 | 23,000 |
Excess tax benefits from share-based awards | ||||||||||||
- | - | - | 51,000 | 38,000 | 18,000 | 11,000 | - | - | - | - | - | - |
Deferred income taxes | ||||||||||||
47,000 | 133,000 | -247,000 | 21,000 | 20,000 | 3,000 | -9,000 | 5,000 | 29,000 | 37,000 | 64,000 | -1,000 | 21,000 |
Gain on sale of businesses | ||||||||||||
15,000 | 227,000 | 10,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Loss on early debt extinguishment | ||||||||||||
- | - | - | 0 | -85,000 | 0 | 0 | - | -85,000 | -26,000 | - | - | - |
Loss from investments in unconsolidated affiliates | ||||||||||||
29,000 | 10,000 | 32,000 | 147,000 | 32,000 | 91,000 | 80,000 | 11,000 | 18,000 | - | - | - | - |
Distributions from unconsolidated affiliates | ||||||||||||
23,000 | 2,000 | 45,000 | 151,000 | 36,000 | 110,000 | 6,000 | 23,000 | 12,000 | 40,000 | - | - | - |
Settlement of interest rate hedge contracts | ||||||||||||
183,000 | 0 | 0 | - | - | - | - | 88,000 | 6,000 | - | - | - | -30,000 |
Non-cash impairment charges | ||||||||||||
48,000 | 3,000 | 18,000 | 17,000 | 6,000 | 0 | 30,000 | - | - | - | - | - | - |
Other operating activities | ||||||||||||
-3,000 | 4,000 | -4,000 | -2,000 | -1,000 | 0 | 0 | 11,000 | 8,000 | 21,000 | -13,000 | -8,000 | -12,000 |
Loss on sale of businesses | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -21,000 | 0 |
Changes in assets and liabilities, net of effects from acquisitions and dispositions: | ||||||||||||
Trade accounts receivable | ||||||||||||
7,000 | 108,000 | 75,000 | 88,000 | 2,000 | 42,000 | 47,000 | 12,000 | 83,000 | 12,000 | -44,000 | 39,000 | 41,000 |
Prepaid expenses and other assets | ||||||||||||
82,000 | 6,000 | 37,000 | 64,000 | 66,000 | 39,000 | 48,000 | 85,000 | 26,000 | -4,000 | 9,000 | 4,000 | 32,000 |
Contract costs | ||||||||||||
212,000 | 137,000 | 29,000 | 14,000 | - | - | - | - | - | - | - | - | - |
Accounts payable and other liabilities | ||||||||||||
238,000 | 116,000 | 54,000 | 172,000 | 148,000 | 168,000 | 37,000 | - | 79,000 | -26,000 | -71,000 | 44,000 | 22,000 |
Contract liabilities | ||||||||||||
99,000 | -34,000 | 61,000 | 17,000 | -4,000 | 9,000 | 62,000 | 19,000 | 10,000 | 26,000 | -7,000 | 11,000 | 8,000 |
Net cash provided by operating activities from continuing operations | ||||||||||||
2,795,000 | 1,552,000 | 1,483,000 | 1,431,000 | 1,346,000 | 1,307,000 | 1,039,000 | 826,000 | 945,000 | 958,000 | 850,000 | 766,000 | 547,000 |
Cash flows from investing activities: | ||||||||||||
Capital expenditures, including capitalization of software costs | ||||||||||||
721,000 | 360,000 | 287,000 | 290,000 | 359,000 | 292,000 | 236,000 | 193,000 | 190,000 | 175,000 | 198,000 | 198,000 | 152,000 |
Proceeds from sale of business | ||||||||||||
51,000 | 419,000 | 17,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Payments for acquisition of business, including working capital adjustments | ||||||||||||
16,005,000 | 712,000 | 384,000 | 265,000 | 0 | 0 | 30,000 | - | 511,000 | 9,000 | - | 85,000 | 4,333,000 |
Distributions from unconsolidated affiliates | ||||||||||||
113,000 | 0 | 0 | - | - | - | 116,000 | 32,000 | 42,000 | 49,000 | 57,000 | - | 0 |
Purchases of investments | ||||||||||||
45,000 | 3,000 | 10,000 | 1,000 | 4,000 | -7,000 | -4,000 | -28,000 | 4,000 | -14,000 | - | - | - |
Proceeds from sale of businesses, net of cash sold and expenses paid | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 497,000 | 0 |
Other investing activities | ||||||||||||
-5,000 | 7,000 | -7,000 | -2,000 | -3,000 | 1,000 | 2,000 | 3,000 | - | -5,000 | -7,000 | 9,000 | -19,000 |
Net cash used in investing activities from continuing operations | ||||||||||||
-16,602,000 | -663,000 | -657,000 | -554,000 | -360,000 | -286,000 | -148,000 | -136,000 | -663,000 | -116,000 | -248,000 | 205,000 | -4,466,000 |
Cash flows from financing activities: | ||||||||||||
Debt proceeds | ||||||||||||
20,030,000 | 5,039,000 | 2,310,000 | 2,126,000 | 3,121,000 | 604,000 | 2,252,000 | 1,469,000 | 1,189,000 | 748,000 | - | - | 4,248,000 |
Debt repayments | ||||||||||||
5,043,000 | 4,005,000 | 1,985,000 | 1,863,000 | 2,707,000 | 653,000 | 2,590,000 | 1,642,000 | 1,226,000 | 1,060,000 | 475,000 | 563,000 | 71,000 |
Payments of debt financing, redemption and other costs | ||||||||||||
247,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Repayments of revolving credit facility | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -740,000 | 285,000 |
Proceeds from issuance of treasury stock | ||||||||||||
156,000 | 75,000 | 78,000 | 79,000 | 71,000 | 53,000 | 49,000 | 96,000 | 73,000 | 62,000 | 45,000 | 37,000 | 50,000 |
Purchases of treasury stock, including employee shares withheld for tax obligations | ||||||||||||
561,000 | 1,946,000 | 1,223,000 | 1,245,000 | 1,522,000 | 1,148,000 | 578,000 | 634,000 | 533,000 | 413,000 | 175,000 | 441,000 | 469,000 |
Distributions paid to noncontrolling interests and redeemable noncontrolling interests | ||||||||||||
118,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Excess tax benefits from share-based awards | ||||||||||||
- | - | - | 51,000 | 38,000 | 18,000 | 11,000 | - | - | - | - | - | - |
Other financing activities | ||||||||||||
-26,000 | -5,000 | 0 | 0 | -6,000 | 0 | -17,000 | 5,000 | -1,000 | -8,000 | 4,000 | 2,000 | -9,000 |
Net cash provided by (used in) financing activities from continuing operations | ||||||||||||
14,191,000 | -842,000 | -820,000 | -852,000 | -1,005,000 | -1,126,000 | -873,000 | -706,000 | -498,000 | -671,000 | -601,000 | -1,705,000 | 4,034,000 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||||||
1,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Net change in cash, cash equivalents and restricted cash from continuing operations | ||||||||||||
385,000 | 47,000 | 6,000 | 25,000 | -19,000 | -105,000 | 18,000 | -16,000 | -216,000 | 171,000 | 1,000 | -734,000 | 115,000 |
Net cash used in financing activities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | -821,000 | 35,000 | -68,000 |
Net cash flows from discontinued operations | ||||||||||||
133,000 | 43,000 | 19,000 | 0 | 0 | -1,000 | 24,000 | 37,000 | -10,000 | 29,000 | 94,000 | 556,000 | 159,000 |
Net cash transactions transferred (to) from discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 132,000 | 669,000 | 65,000 |
Discontinued operations cash flow information: | ||||||||||||
Net cash (used in) provided by operating activities | ||||||||||||
0 | -7,000 | 19,000 | 0 | - | - | -11,000 | 39,000 | -9,000 | 14,000 | -6,000 | -312,000 | 116,000 |
Net cash provided by investing activities | ||||||||||||
133,000 | 50,000 | 0 | 0 | - | - | 35,000 | -2,000 | -1,000 | 15,000 | 921,000 | 833,000 | 111,000 |
Net cash flows from discontinued operations | ||||||||||||
133,000 | 43,000 | 19,000 | 0 | 0 | - | 24,000 | 37,000 | -10,000 | 29,000 | 94,000 | 556,000 | 159,000 |
Net cash flows from (to) continuing operations | ||||||||||||
- | - | - | - | - | - | -24,000 | -37,000 | -10,000 | 29,000 | -132,000 | -669,000 | -65,000 |
Beginning balance-discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 151,000 | 57,000 |
Ending balance-discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 38,000 | 151,000 |