| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net income including noncontrolling interests | ||||||||
138,113 | 137,128 | 129,054 | 113,827 | 223,720 | 239,436 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash used in operating activities | ||||||||
Depreciation and amortization | ||||||||
127,518 | 125,700 | 115,905 | 108,477 | 91,451 | 69,869 | 0 | 0 | 0 |
Amortization of deferred gain | ||||||||
- | - | - | - | - | 7,253 | 0 | 0 | 0 |
Amortization of debt issue costs | ||||||||
902 | 973 | 975 | 1,050 | 816 | 721 | 0 | 0 | 0 |
Gain on disposal of property and equipment | ||||||||
-965 | -1,042 | -1,766 | -703 | -735 | -780 | 0 | 0 | 0 |
Provision for doubtful accounts | ||||||||
569 | 290 | -4,803 | -2,075 | 2,550 | 5,255 | 0 | 0 | 0 |
Deferred taxes | ||||||||
-119,310 | -123,338 | -107,864 | -66,930 | 202 | -1,422 | 0 | 0 | 0 |
Foreign currency transaction gains and losses | ||||||||
-5,237 | -4,472 | -4,906 | -3,239 | -6,299 | -5,224 | 0 | 0 | 0 |
Equity in earnings of unconsolidated joint ventures | ||||||||
37,438 | 41,721 | 40,643 | 46,076 | 36,281 | 36,915 | 0 | 0 | 0 |
Return on investments in unconsolidated joint ventures | ||||||||
46,834 | 51,077 | 36,312 | 37,489 | 30,580 | 35,192 | 0 | 0 | 0 |
Stock-based compensation | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Contributions of treasury stock | ||||||||
56,265 | 53,644 | 47,870 | 46,977 | 46,054 | 45,161 | 0 | 0 | 0 |
Changes in assets and liabilities, net of acquisitions and newly consolidated joint ventures: | ||||||||
Accounts receivable | ||||||||
104,805 | 30,206 | -45,362 | 54,315 | 25,551 | -461,304 | 0 | 0 | 0 |
Contract assets | ||||||||
55,361 | 49,999 | 11,483 | 28,837 | -4,083 | 480,090 | 0 | 0 | 0 |
Prepaid expenses and current assets | ||||||||
24,452 | 22,110 | 7,660 | 2,177 | -2,046 | 23,668 | 0 | 0 | 0 |
Accounts payable | ||||||||
30,847 | -17,123 | -39,804 | -1,421 | -21,893 | 5,566 | 0 | 0 | 0 |
Accrued expenses and other current liabilities | ||||||||
78,053 | 78,366 | 60,995 | 60,722 | 50,360 | 30,367 | 0 | 0 | 0 |
Billings in excess of costs | ||||||||
- | - | - | - | - | 150,873 | 0 | 0 | 0 |
Contract liabilities | ||||||||
16,678 | 20,146 | 57,171 | 51,784 | -79,708 | 205,047 | 0 | 0 | 0 |
Provision for contract losses | ||||||||
- | - | - | - | - | 13,795 | 0 | 0 | 0 |
Income taxes | ||||||||
-7,988 | -5,421 | -2,358 | -6,290 | 863 | 3,911 | 0 | 0 | 0 |
Other long-term liabilities | ||||||||
-1,786 | 29,048 | 21,112 | 31,080 | -2,398 | 20,491 | 0 | 0 | 0 |
Net cash used in operating activities | ||||||||
161,365 | 220,240 | 315,440 | 244,582 | 289,959 | 284,634 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||||
Capital expenditures | ||||||||
69,193 | 67,597 | 53,877 | 44,671 | 35,172 | 29,283 | 0 | 0 | 0 |
Proceeds from sale of property and equipment | ||||||||
4,139 | 3,789 | 3,151 | 2,200 | 545 | 439 | 0 | 0 | 0 |
Payments for acquisitions, net of cash acquired | ||||||||
207,344 | 494,826 | 495,690 | 287,482 | 768,645 | 481,163 | 0 | 0 | 0 |
Investments in unconsolidated joint ventures | ||||||||
19,724 | 24,579 | 11,890 | 5,558 | 6,567 | 4,720 | 0 | 0 | 0 |
Return of investments in unconsolidated joint ventures | ||||||||
10,176 | 12,410 | 16,938 | 15,835 | 13,666 | 11,432 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||
-281,946 | -570,803 | -541,368 | -319,676 | -796,173 | -503,295 | 0 | 0 | 0 |
Cash flows from financing activities: | ||||||||
Proceeds from borrowings | ||||||||
438,700 | 597,200 | 530,000 | 350,000 | 550,000 | 260,000 | 0 | 0 | 0 |
Repayments of borrowings | ||||||||
783,700 | 777,200 | 0 | 0 | 0 | - | - | - | 0 |
Payments for debt costs and credit agreement | ||||||||
0 | 286 | 363 | 831 | 831 | 545 | 0 | 0 | 0 |
Contributions by noncontrolling interests | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Distributions to noncontrolling interests | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Contributions by (distributions to) noncontrolling interests, net | ||||||||
- | - | - | - | - | - | - | 0 | 0 |
Purchase of treasury stock | ||||||||
5,459 | 6,272 | 53,325 | 93,637 | 126,261 | 125,814 | 0 | 0 | 0 |
Taxes paid on vested stock | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Net cash provided by financing activities | ||||||||
119,125 | 266,036 | 159,579 | 109,008 | 259,903 | 55,411 | 0 | 0 | 0 |
Effect of exchange rate changes | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Effect of exchange rate changes | ||||||||
- | - | - | - | - | -1,699 | 0 | 0 | 0 |
Net decrease in cash, cash equivalents, and restricted cash | ||||||||
-3,747 | -85,821 | -67,768 | 32,237 | -247,367 | -164,949 | 0 | 0 | 0 |