| Feb'20 | Nov'19 | Aug'19 | May'19 | Feb'19 | Nov'18 | Aug'18 | May'18 | Feb'18 | Nov'17 | Aug'17 | May'17 | Feb'17 | Nov'16 | Aug'16 | May'16 | Feb'16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||||||||
Net income | ||||||||||||||||
484,000 | 202,300 | 39,200 | 148,900 | 109,000 | 80,800 | 103,500 | 114,200 | 240,700 | 105,100 | 147,100 | 98,800 | 66,000 | 88,600 | -31,700 | 50,000 | 45,200 |
Reconciliation of net income to net cash provided by operating activities: | ||||||||||||||||
Depreciation and amortization | ||||||||||||||||
145,300 | 142,100 | 144,700 | 144,000 | 142,300 | 145,500 | 134,100 | 131,000 | 130,600 | 128,100 | 120,800 | 122,800 | 120,800 | 119,200 | 91,700 | 64,300 | 60,500 |
Stock-based compensation expense | ||||||||||||||||
82,600 | 56,500 | 54,000 | 53,600 | 59,700 | 69,600 | 52,500 | 57,700 | 61,900 | 58,700 | 63,400 | 64,600 | 75,200 | 61,300 | 80,400 | 33,900 | 30,600 |
Gain on sale of assets | ||||||||||||||||
372,300 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Payments for acquisition-related performance compensation | ||||||||||||||||
-75,900 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Excess tax benefit from stock-based compensation | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 3,800 | 1,700 | 100 | 0 |
Net periodic pension and postretirement expense | ||||||||||||||||
21,500 | 2,100 | 200 | 200 | 300 | 1,000 | -7,100 | 300 | 200 | 3,000 | 3,100 | 400 | 400 | 8,800 | 400 | 500 | 300 |
Undistributed earnings of affiliates, net | ||||||||||||||||
-200 | -200 | 0 | -200 | 0 | - | - | - | - | -9,300 | 4,700 | 800 | -1,400 | -1,700 | -1,200 | 0 | 0 |
Pension and postretirement contributions | ||||||||||||||||
8,200 | 900 | 200 | 400 | 500 | 400 | 900 | 800 | 500 | 3,700 | 700 | 700 | 600 | 3,500 | 500 | 800 | 900 |
Deferred income taxes | ||||||||||||||||
-15,100 | 159,500 | -153,300 | 20,000 | 23,400 | 8,500 | 19,000 | -3,700 | 187,900 | 1,600 | 76,000 | 31,300 | -8,800 | -600 | 19,500 | -12,700 | -12,900 |
Change in assets and liabilities: | ||||||||||||||||
Accounts receivable, net | ||||||||||||||||
89,800 | 50,400 | -10,100 | -128,100 | 155,700 | 39,700 | -75,600 | -62,900 | 110,600 | 39,200 | -22,100 | -6,300 | 16,700 | 74,300 | -52,800 | -54,300 | 41,300 |
Other current assets | ||||||||||||||||
41,000 | 27,200 | -1,300 | 2,500 | 51,500 | -11,900 | -2,600 | -4,000 | 20,700 | -7,800 | 1,000 | 500 | 40,900 | 27,600 | -68,700 | 2,500 | 26,300 |
Accounts payable | ||||||||||||||||
-21,500 | 45,400 | -3,400 | -15,100 | 4,000 | 45,800 | -2,800 | -9,400 | -1,100 | -2,500 | -3,700 | -1,200 | -12,600 | 28,100 | -20,700 | -3,400 | -16,500 |
Accrued expenses | ||||||||||||||||
-142,000 | 29,500 | 68,500 | 20,300 | -78,600 | 92,900 | 28,400 | 28,400 | -67,200 | 25,800 | 27,500 | -27,200 | -68,900 | 28,500 | 22,700 | -1,200 | -14,400 |
Income tax | ||||||||||||||||
-40,000 | -17,900 | 74,600 | 28,700 | 3,300 | -10,500 | 15,900 | -11,200 | 29,300 | -31,600 | 27,900 | 10,900 | -21,900 | -38,900 | -30,600 | 31,100 | -6,300 |
Deferred revenue | ||||||||||||||||
151,800 | -200 | -49,600 | -74,300 | 162,900 | -6,800 | -57,600 | -34,300 | 125,300 | -29,900 | -59,400 | -43,400 | 137,400 | -25,300 | -70,100 | -20,900 | 101,700 |
Other liabilities | ||||||||||||||||
9,700 | 6,000 | 33,200 | 13,000 | 16,200 | -23,300 | 21,200 | 36,200 | 2,900 | 13,600 | 900 | 1,900 | 2,300 | -200 | 1,700 | 2,100 | 6,300 |
Net cash provided by operating activities | ||||||||||||||||
119,500 | 225,700 | 412,900 | 424,700 | 188,000 | 357,500 | 346,400 | 382,700 | 202,900 | 242,900 | 267,300 | 200,600 | 250,700 | 163,200 | 146,600 | 176,700 | 151,800 |
Investing activities: | ||||||||||||||||
Capital expenditures on property and equipment | ||||||||||||||||
78,000 | 78,200 | 70,000 | 66,700 | 63,200 | 54,200 | 53,800 | 59,500 | 55,200 | 68,400 | 61,300 | 58,800 | 71,700 | 48,300 | 46,600 | 28,200 | 24,500 |
Intangible assets acquired | ||||||||||||||||
- | - | - | - | - | - | - | - | 3,100 | - | - | - | 0 | - | - | - | - |
Payments to acquire cost- and equity-method investments | ||||||||||||||||
3,600 | - | - | - | 5,100 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Acquisitions of businesses, net of cash acquired | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | -99,000 | 0 | 1,113,400 |
Proceeds from sale of assets | ||||||||||||||||
466,200 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Change in other assets | ||||||||||||||||
100 | 9,000 | 1,900 | 5,500 | 1,900 | -1,200 | -500 | 8,000 | -100 | -3,400 | 2,600 | 2,900 | -2,600 | 4,800 | 4,000 | -2,200 | -2,100 |
Settlements of forward contracts | ||||||||||||||||
-2,500 | -26,000 | 25,900 | 3,600 | -1,400 | 100 | 4,900 | 5,100 | -3,100 | -7,900 | 2,400 | -6,300 | -2,700 | 12,800 | -9,700 | 9,600 | -5,500 |
Net cash provided by (used in) investing activities | ||||||||||||||||
387,000 | -65,000 | -34,400 | -103,300 | -68,800 | -47,900 | -1,930,800 | -78,300 | -55,100 | -458,200 | -66,300 | -55,400 | -66,400 | -65,200 | 58,100 | 154,600 | -1,130,300 |
Financing activities: | ||||||||||||||||
Proceeds from borrowings | ||||||||||||||||
293,800 | 646,800 | 645,700 | 1,032,200 | 307,000 | 17,100 | 3,172,300 | 682,600 | 745,000 | 730,000 | 674,500 | 395,000 | 1,395,000 | 595,000 | 2,323,000 | 39,000 | 1,061,000 |
Repayment of borrowings | ||||||||||||||||
209,100 | 575,900 | 850,100 | 1,370,000 | 392,900 | 401,000 | 1,561,700 | 502,900 | 657,000 | 525,100 | 670,900 | 127,700 | 1,057,500 | 488,000 | 2,606,800 | 76,000 | 194,000 |
Payment of debt issuance costs | ||||||||||||||||
- | - | - | - | - | -100 | 16,300 | 7,600 | 7,000 | 0 | 4,900 | 0 | 9,500 | 0 | 7,400 | 0 | 15,400 |
Payments for purchase of noncontrolling interests | ||||||||||||||||
- | - | - | - | - | 2,400 | 0 | 0 | 7,700 | 57,000 | 0 | 0 | 0 | - | - | - | - |
Proceeds from noncontrolling interests | ||||||||||||||||
0 | 0 | 0 | 0 | 12,500 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Contingent consideration payments | ||||||||||||||||
0 | 0 | 0 | 0 | 2,200 | 0 | 43,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Dividends paid | ||||||||||||||||
67,700 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from the exercise of employee stock options | ||||||||||||||||
130,900 | 43,600 | 76,500 | 31,900 | 25,700 | 67,600 | 50,500 | 55,000 | 56,900 | 34,400 | 109,700 | 90,200 | 97,300 | 78,200 | 69,100 | 0 | 0 |
Payments related to tax withholding for stock-based compensation | ||||||||||||||||
110,000 | 9,700 | 3,200 | 700 | 62,000 | 9,400 | 6,500 | 2,500 | 76,600 | 7,700 | 11,900 | 3,300 | 67,000 | - | - | - | - |
Repurchases of common shares | ||||||||||||||||
500,000 | 300,000 | 200,000 | 0 | 0 | 0 | 0 | 500,000 | 172,500 | 0 | 312,100 | 480,800 | 524,900 | 305,400 | 158,600 | 1,700 | 104,300 |
Excess tax benefit from stock-based compensation | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 3,800 | 1,700 | 100 | 0 |
Net cash used in financing activities | ||||||||||||||||
-462,100 | -196,100 | -334,500 | -315,500 | -111,900 | -328,000 | 1,595,300 | -275,400 | -118,900 | 172,000 | -208,100 | -126,600 | -166,600 | -152,200 | -379,000 | -38,600 | 747,300 |
Foreign exchange impact on cash balance | ||||||||||||||||
-12,000 | 22,800 | -29,400 | -29,600 | 5,900 | -16,000 | -15,500 | -26,000 | -6,700 | 23,300 | -1,600 | -10,900 | -1,800 | -7,600 | 29,500 | -8,400 | -700 |
Net increase in cash and cash equivalents | ||||||||||||||||
32,400 | -12,600 | 14,600 | -23,700 | 13,200 | -34,400 | -4,600 | 3,000 | 22,200 | -20,000 | -8,700 | 7,700 | 15,900 | -61,800 | -144,800 | 284,300 | -231,900 |