| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||||||||||
Net earnings | ||||||||||||||||||||
159,965 | 132,017 | 151,406 | 127,968 | 123,034 | 113,983 | 127,950 | 131,358 | 99,678 | -7,893 | 287,771 | 51,544 | 24,555 | 74,815 | 56,149 | 36,769 | 10,608 | 48,415 | 35,437 | 23,431 | 25,880 |
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities attributable to continuing operations: | ||||||||||||||||||||
Stock-based compensation expense | ||||||||||||||||||||
21,172 | 18,907 | 20,805 | 22,015 | 27,997 | 16,221 | 16,141 | 16,706 | 16,963 | 15,463 | 19,949 | 15,654 | 18,024 | 11,560 | 10,718 | 12,644 | 17,448 | 18,419 | 13,057 | 11,626 | 6,299 |
Depreciation | ||||||||||||||||||||
9,246 | 8,341 | 8,081 | 8,197 | 7,831 | 7,909 | 8,513 | 8,399 | 8,147 | 8,994 | 8,147 | 7,883 | 7,589 | 7,607 | 7,192 | 7,176 | 5,751 | -13 | 6,137 | 6,622 | 7,045 |
Amortization of intangibles | ||||||||||||||||||||
6,403 | 7,263 | 641 | 412 | 411 | 404 | 435 | 237 | 242 | 260 | 401 | 404 | 403 | 1,928 | 3,382 | 4,894 | 6,728 | -693 | 4,352 | 5,901 | 3,877 |
Excess tax benefits from stock-based awards | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13,884 | 4,566 | 12,835 |
Deferred income taxes | ||||||||||||||||||||
-44,640 | 10,782 | -3,027 | 16,236 | -31,463 | 4,182 | -10,009 | 2,699 | -16,511 | 121,545 | -235,946 | -2,138 | -1,712 | -7,175 | 1,463 | -3,626 | -960 | -12,281 | -8,848 | -393 | 595 |
Acquisition-related contingent consideration fair value adjustments | ||||||||||||||||||||
- | - | - | - | - | 55 | 55 | 54 | 156 | 856 | 59 | 2,994 | 1,344 | -6,474 | -5,129 | -755 | 3,161 | 423 | 755 | -1,223 | -11,011 |
Other adjustments, net | ||||||||||||||||||||
-1,807 | 8,041 | -1,973 | -87 | 2,555 | 330 | 522 | -8,902 | 8,280 | 5,564 | 8,724 | 2,756 | 5,098 | -3,091 | -6,020 | 4,676 | -362 | 9,884 | -2,225 | 2,029 | -11,078 |
Changes in assets and liabilities | ||||||||||||||||||||
Accounts receivable | ||||||||||||||||||||
52,583 | -50,695 | 7,143 | 13,317 | 48,097 | -38,728 | 12,302 | 1,502 | 7,652 | 8,685 | 30,727 | 3,460 | 8,715 | 8,091 | 8,687 | -6,439 | 392 | -5,028 | 10,282 | 6,517 | 8,317 |
Other assets | ||||||||||||||||||||
-10,710 | 27,430 | -16,871 | 16,358 | -2,616 | -7,453 | -4,040 | 16,627 | 9,472 | 1,563 | -1,333 | 1,570 | 8,747 | -6,414 | -396 | 10,263 | 1,874 | 2,920 | 1,035 | 4,444 | 1,968 |
Accounts payable and other liabilities | ||||||||||||||||||||
-15,031 | -9,736 | 45,253 | -9,863 | 3,422 | -11,398 | 41,149 | -20,530 | 11,548 | -32,200 | -7,537 | -17,145 | 40,081 | -29,590 | 15,185 | -33,641 | 23,700 | 9,100 | -4,192 | 5,624 | 19,402 |
Income taxes payable and receivable | ||||||||||||||||||||
-19,613 | 1,746 | 249 | -840 | -5,534 | 11,532 | -4,252 | 10,364 | -4,879 | -12,925 | 3,407 | 6,932 | 1,584 | 22,475 | -7,785 | 13,211 | 1,740 | 14,804 | 11,665 | 10,740 | 4,588 |
Deferred revenue | ||||||||||||||||||||
834 | -15,091 | 9,086 | 5,717 | 9,766 | -11,187 | 9,513 | -1,046 | 15,778 | 2,036 | 20,847 | -619 | 10,489 | -6,303 | 8,227 | -1,588 | 18,899 | 6,201 | 1,821 | 4,689 | 17,487 |
Net cash provided by operating activities | ||||||||||||||||||||
74,656 | 185,535 | 240,249 | 140,080 | 92,538 | 178,212 | 181,755 | 121,210 | 122,278 | 91,452 | 76,428 | 63,235 | 89,993 | 64,075 | 75,091 | 35,936 | 84,447 | 127,652 | 32,758 | 53,519 | 39,964 |
Cash flows from investing activities: | ||||||||||||||||||||
Net cash used in business combinations | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 230 | 0 | 0 | 456 | 569,510 | 0 | 36,903 | 3,809 |
Capital expenditures | ||||||||||||||||||||
9,781 | 8,685 | 9,349 | 10,789 | 9,931 | 9,674 | 6,495 | 9,740 | 5,045 | 7,195 | 6,846 | 9,047 | 5,745 | 9,115 | 18,026 | 13,307 | 5,650 | 5,330 | 9,894 | 5,678 | 4,344 |
Proceeds from the sale of a business, net | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | -210 | 96,354 | 0 | 0 | 0 | 0 | - | - | - | - |
Other, net | ||||||||||||||||||||
117 | 8 | 47 | -1 | -1,117 | 4,182 | -1 | 0 | -38 | -29 | -41 | 0 | 0 | -3,769 | 0 | -850 | -3,750 | -520 | 7,267 | 730 | 405 |
Net cash used in investing activities | ||||||||||||||||||||
-9,898 | -8,693 | -9,396 | -14,547 | -8,814 | -14,656 | -6,494 | -11,604 | -5,007 | 52,717 | -10,805 | -14,333 | 90,609 | -5,576 | -18,526 | -741 | -2,356 | -574,320 | -17,161 | -43,311 | -8,558 |
Cash flows from financing activities: | ||||||||||||||||||||
Borrowings under the Credit Facility | ||||||||||||||||||||
0 | 0 | 0 | 0 | 40,000 | 260,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from Senior Notes offering | ||||||||||||||||||||
500,000 | 0 | 0 | 0 | 350,000 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Principal payments on Credit Facility | ||||||||||||||||||||
0 | 0 | 0 | 0 | 300,000 | 0 | 0 | 0 | 0 | - | - | - | - | 40,000 | 0 | 400,000 | 10,000 | 0 | 0 | 0 | 0 |
Debt issuance costs | ||||||||||||||||||||
8,977 | 0 | 0 | 51 | 5,542 | 1,281 | 0 | -73 | 73 | - | - | - | - | - | - | - | - | - | - | - | - |
Transfers to IAC in periods prior to the IPO | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 161,957 | -119,663 | -2,144 | 45,862 |
Proceeds from issuance of common stock pursuant to stock-based awards | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 1,737 | 18,302 | 32,292 | 7,111 | - | - | - | - | - | - | - | - |
Issuance of common stock pursuant to stock-based awards, net of withholding taxes | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4,453 | - | - | - | - |
Withholding taxes paid on behalf of employees on net settled stock-based awards | ||||||||||||||||||||
145,357 | 35,994 | 28,718 | 31,861 | 106,604 | 25,964 | 66,468 | 43,185 | 72,103 | 25,232 | 200,557 | 26,340 | 2,081 | - | - | - | - | - | - | - | 0 |
Purchase of treasury stock | ||||||||||||||||||||
81,686 | 40,664 | 99,650 | 51,900 | 24,186 | 47,261 | 12,296 | 41,478 | 32,465 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Withholding taxes paid on behalf of employees on net settled stock-based awards | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -31,285 | 13,884 | 4,566 | 12,835 |
Purchase of redeemable noncontrolling interests | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 249 | 0 | 308 |
Acquisition-related contingent consideration payments | ||||||||||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 185 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Other, net | ||||||||||||||||||||
1 | -49 | -52 | 0 | 27 | 42 | 0 | -573 | -43 | 0 | -165 | 0 | 0 | 379 | -1 | 0 | -12,180 | 0 | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | ||||||||||||||||||||
263,981 | -78,310 | -128,420 | -83,812 | -46,305 | -377,256 | -82,267 | -85,163 | -104,869 | -29,138 | -405,558 | 5,952 | 5,030 | -33,303 | -2,255 | 997 | -26,633 | 268,672 | 133,298 | 1,200 | -33,335 |
Total cash provided | ||||||||||||||||||||
328,739 | - | - | - | 37,419 | - | - | - | - | 115,031 | -339,935 | 54,854 | 185,632 | 25,196 | 54,310 | 36,192 | 55,458 | - | - | - | - |
Net cash used in operating activities attributable to discontinued operations | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | -6,061 | 4,874 | 666 | 4,127 | -5,436 | - | - | - | - |
Net cash used in investing activities attributable to discontinued operations | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | -471 | -682 | -478 | -879 | -2,113 | - | - | - | - |
Total cash used in discontinued operations | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | -6,532 | 4,192 | 188 | 3,248 | -7,549 | - | - | - | - |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ||||||||||||||||||||
-3,098 | 699 | -2,365 | -264 | 488 | -1,893 | -156 | -2,200 | 2,489 | 17 | 4,814 | 1,669 | 3,440 | -6,897 | 2,663 | -1,345 | -184 | -4,435 | -2,725 | 5,280 | -6,016 |
Net increase in cash, cash equivalents, and restricted cash | ||||||||||||||||||||
325,641 | 99,231 | 100,068 | 41,457 | 37,907 | -215,593 | 92,838 | 22,243 | 14,891 | 115,048 | -335,121 | 56,523 | 182,540 | 22,491 | 57,161 | 38,095 | 47,725 | -194,370 | 146,170 | 16,688 | -7,945 |