| 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 | ||||||||||||
1,429,000 | 1,320,000 | 1,008,000 | 275,800 | 949,600 | 1,006,000 | 815,900 | 699,700 | 578,000 | 513,400 | 407,100 | 461,600 | 706,800 |
Reconciliation of net income to net cash provided by operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
200,000 | 192,000 | 158,000 | 126,700 | 113,500 | 95,600 | 93,400 | 93,500 | 79,200 | 66,300 | 64,100 | 75,100 | 42,900 |
Stock-based compensation | ||||||||||||
136,000 | 130,000 | 123,000 | 98,100 | 87,200 | 80,400 | 67,100 | 64,500 | 56,700 | 56,600 | 57,400 | 63,200 | 90,200 |
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses) | ||||||||||||
- | - | - | 36,600 | - | - | - | - | - | - | - | - | - |
Goodwill impairment charge | ||||||||||||
- | - | - | - | - | - | - | 12,200 | 0 | - | - | - | - |
Non-cash portion of restructuring charge | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 7,000 |
Deferred income taxes | ||||||||||||
-38,000 | -99,000 | 88,000 | -153,100 | 18,100 | 29,900 | -27,200 | 36,100 | 10,300 | -10,600 | 16,500 | -17,300 | -76,400 |
CCXI Gain | ||||||||||||
0 | 0 | 60,000 | - | - | - | - | - | - | - | - | - | - |
Purchase Price Hedge Gain | ||||||||||||
0 | 0 | 111,000 | - | - | - | - | - | - | - | - | - | - |
ROU Asset impairment & other non-cash restructuring/impairment charges | ||||||||||||
38,000 | - | - | - | - | - | - | - | - | - | - | - | - |
Loss pursuant to the divestiture of MAKS | ||||||||||||
-14,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Benefit to net income related to the resolution of Legacy Tax Matters. | ||||||||||||
- | - | - | 1,600 | 6,400 | 6,400 | 19,200 | 12,800 | 6,400 | - | - | -7,800 | 52,300 |
Excess tax benefits from settlement of stock-based compensation awards | ||||||||||||
- | - | - | - | - | 58,700 | 38,800 | 15,700 | 7,400 | 7,000 | 5,000 | 7,500 | 52,200 |
ICRA Gain | ||||||||||||
- | - | - | - | - | 102,800 | - | 0 | - | - | - | - | - |
Changes in assets and liabilities: | ||||||||||||
Accounts receivable | ||||||||||||
134,000 | 136,000 | 148,000 | 104,800 | 25,400 | 98,300 | 67,000 | 128,200 | -17,100 | 54,400 | 14,900 | -26,200 | -36,700 |
Other current assets | ||||||||||||
88,000 | 9,000 | 70,000 | -37,000 | 28,900 | 41,000 | 21,700 | 14,100 | -53,500 | 73,500 | -55,300 | 23,100 | 58,300 |
Other assets | ||||||||||||
69,000 | 17,000 | -12,000 | -6,600 | 13,100 | 1,700 | 700 | -5,100 | 7,500 | -3,700 | 7,400 | -26,000 | -15,500 |
Restructuring liability | ||||||||||||
0 | 42,000 | -6,000 | 6,300 | - | - | - | - | - | -5,200 | 2,600 | -29,800 | 33,100 |
Lease obligations | ||||||||||||
16,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Accounts payable and accrued liabilities | ||||||||||||
77,000 | -134,000 | -638,000 | 902,400 | 51,400 | 59,200 | -2,900 | 101,700 | 23,900 | 83,500 | 50,400 | -118,400 | 53,900 |
Deferred revenue | ||||||||||||
76,000 | 139,000 | 73,000 | - | 31,600 | 38,400 | 66,100 | 20,900 | 8,800 | 19,600 | 17,900 | 9,000 | 79,200 |
Unrecognized tax benefits and other non-current tax liabilities | ||||||||||||
8,000 | 59,000 | 63,000 | 2,200 | -10,900 | 30,600 | 30,900 | -49,200 | 3,900 | 30,800 | -21,000 | 30,800 | 91,900 |
Increase Decrease in Contract With Customer Liability | ||||||||||||
- | - | - | 74,900 | - | - | - | - | - | - | - | - | - |
Deferred rent | ||||||||||||
- | - | - | - | - | - | - | - | - | 12,000 | 21,100 | 6,600 | 53,100 |
Other liabilities | ||||||||||||
42,000 | -26,000 | 263,000 | 25,300 | 31,400 | -12,600 | 30,900 | 9,400 | -21,800 | 18,100 | -300 | 45,100 | 17,100 |
Net cash provided by operating activities | ||||||||||||
1,675,000 | 1,461,000 | 755,000 | 1,259,200 | 1,198,100 | 1,018,600 | 926,800 | 823,100 | 803,300 | 653,300 | 643,800 | 539,700 | 988,200 |
Cash flows from investing activities | ||||||||||||
Capital additions | ||||||||||||
69,000 | 91,000 | 91,000 | 115,200 | 89,000 | 74,600 | 42,300 | 45,000 | 67,700 | 79,000 | 90,700 | 84,400 | 181,800 |
Purchases of investments | ||||||||||||
138,000 | 193,000 | 170,000 | 379,900 | 688,200 | 406,300 | 225,900 | 56,200 | 43,300 | 26,200 | 17,600 | 10,300 | 191,400 |
Sales and maturities of investments | ||||||||||||
174,000 | 161,000 | 239,000 | 699,500 | 653,100 | 134,000 | 57,000 | 54,500 | 40,900 | 25,000 | 15,400 | 15,900 | 252,900 |
Receipts from Purchase Price Hedge | ||||||||||||
0 | 0 | 111,000 | - | - | - | - | - | - | - | - | - | - |
Cash received upon disposal of a business, net of cash transferred to purchaser | ||||||||||||
226,000 | 6,000 | 0 | 1,500 | - | - | - | - | - | - | - | - | - |
Cash paid for acquisitions, net of cash acquired | ||||||||||||
162,000 | 289,000 | 3,511,000 | 80,800 | 7,600 | 239,700 | 50,700 | 3,500 | 197,500 | 148,600 | 900 | 241,400 | 4,400 |
Receipts from settlements of net investment hedges | ||||||||||||
12,000 | 0 | 2,000 | 3,800 | 39,700 | 21,700 | - | 0 | - | - | - | - | - |
Payments for settlements of net investment hedges | ||||||||||||
7,000 | 0 | 0 | 26,900 | - | - | - | 0 | - | - | - | - | - |
Insurance recovery | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 900 | 0 |
Net cash used in investing activities | ||||||||||||
36,000 | -406,000 | -3,420,000 | 102,000 | -92,000 | -564,900 | -261,900 | -50,200 | -267,600 | -228,800 | -93,800 | -319,300 | -124,700 |
Cash flows from financing activities | ||||||||||||
Issuance of notes | ||||||||||||
824,000 | 1,090,000 | 2,292,000 | - | 852,800 | 747,700 | 497,200 | 496,100 | 0 | 496,900 | - | 150,000 | - |
Repayment of notes | ||||||||||||
950,000 | 800,000 | 300,000 | - | - | 300,000 | 63,800 | 71,300 | 11,300 | 3,800 | - | - | - |
Borrowings under revolving credit facilities | ||||||||||||
- | - | - | - | - | - | - | - | - | 250,000 | 2,412,000 | 4,266,200 | 1,000,000 |
Repayments of borrowings under revolving credit facilities | ||||||||||||
- | - | - | - | - | - | - | - | - | 250,000 | 3,025,000 | 3,653,200 | 1,000,000 |
Issuance of commercial paper | ||||||||||||
1,317,000 | 989,000 | 1,837,000 | - | - | - | - | - | - | 2,232,800 | 11,075,500 | 11,522,700 | 6,684,100 |
Repayment of commercial paper | ||||||||||||
1,320,000 | 1,120,000 | 1,707,000 | - | - | - | - | - | - | 2,676,400 | 10,736,500 | 11,969,400 | 6,136,700 |
Issuance of long term debt | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 300,000 |
Proceeds from stock-based compensation plans | ||||||||||||
45,000 | 47,000 | 56,000 | 77,800 | 89,200 | 149,400 | 166,900 | 116,700 | 46,400 | 34,700 | 19,800 | 23,500 | 65,900 |
Repurchase of shares related to stock-based compensation | ||||||||||||
77,000 | 62,000 | 49,000 | 44,400 | 59,500 | 51,400 | 30,900 | - | - | - | - | - | - |
Excess tax benefits from settlement of stock-based compensation awards | ||||||||||||
- | - | - | - | - | 58,700 | 38,800 | 15,700 | 7,400 | 7,000 | 5,000 | 7,500 | 52,200 |
Treasury shares | ||||||||||||
991,000 | 203,000 | 200,000 | 738,800 | 1,098,100 | 1,220,500 | 893,100 | 196,500 | 333,800 | 223,600 | - | 592,900 | 1,738,400 |
Dividends | ||||||||||||
378,000 | 337,000 | 290,000 | 285,100 | 272,100 | 236,000 | 197,300 | 143,000 | 121,000 | 98,600 | 94,500 | 96,800 | 85,200 |
Payments To Minority Shareholders | ||||||||||||
- | - | - | 45,400 | - | 183,800 | - | 0 | - | - | - | - | - |
Debt issuance costs, extinguishment costs and related fees | ||||||||||||
18,000 | 11,000 | 27,000 | - | - | - | - | - | - | - | - | - | - |
Payments Of Contingent Consideration | ||||||||||||
- | - | - | 200 | 1,500 | 10,300 | 300 | 500 | 300 | - | - | - | - |
Payments under capital lease obligations | ||||||||||||
- | - | - | - | - | - | - | - | 0 | 1,200 | 1,400 | 1,700 | 2,000 |
Debt issuance costs | ||||||||||||
- | - | - | 100 | 9,500 | 6,500 | 4,100 | 6,300 | 0 | 4,300 | - | 700 | 1,400 |
Dividends to noncontrolling interests | ||||||||||||
3,000 | 5,000 | 3,000 | 6,700 | 6,800 | 11,800 | 12,200 | 8,300 | 5,100 | 4,800 | 3,700 | 5,000 | 4,200 |
Payment for noncontrolling interest | ||||||||||||
12,000 | 0 | 9,000 | - | - | - | - | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||||
-1,563,000 | -412,000 | 1,600,000 | -1,042,900 | -505,500 | -1,064,500 | -498,800 | 202,600 | -417,700 | -241,300 | -348,800 | -349,800 | -865,700 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||
-1,000 | -30,000 | 85,000 | -24,200 | -62,700 | -89,200 | -2,000 | 19,900 | -17,600 | 2,500 | 26,800 | -51,000 | 20,400 |
Increase (decrease) in cash and cash equivalents | ||||||||||||
147,000 | 613,000 | -980,000 | 294,100 | 537,900 | -700,000 | 164,100 | 995,400 | 100,400 | 185,700 | 228,000 | -180,400 | 18,200 |