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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 39,921 $ 88,186
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 11,723 9,541
Amortization of operating lease right of use asset 20,412 17,995
Stock-based compensation expense 9,319 7,506
Deferred income taxes 10,665 19,489
Loss on disposal of assets 221 19
Impairment of intangibles and other 2,071 937
Changes in operating assets and liabilities, net of acquisitions:    
Receivables 5,686 (25,649)
Prepaid expenses 7,845 (4,484)
Other assets (13,403) 6,170
Prepaid income taxes (12,083) (13,739)
Accounts payable and accrued expenses 31,358 (9,148)
Salaries, wages, and benefits payable 1,338 (4,560)
Contract liabilities - deferred revenue (98,267) (65,026)
Operating lease liabilities (20,286) (17,962)
Income taxes payable 434 (21,042)
Net amounts due to/from governmental entities 758 (57)
Net cash used in operating activities (2,288) (11,824)
Investing activities:    
Purchases of property, building and equipment (11,138) (15,619)
Proceeds from sale of property, building and equipment 0 150
Cash paid for acquisitions, net of cash acquired (2,570) (649)
Proceeds from sale of an entity 0 1,531
Minority interest investments (15,100) (10,100)
Net cash used in investing activities (28,808) (24,687)
Financing activities:    
Proceeds from line of credit 597,250 0
Payments on line of credit (499,447) (20,000)
Government stimulus advance 0 (93,257)
Proceeds from employee stock purchase plan 1,233 1,222
Payments on repurchasing common stock (34,565) 0
Noncontrolling interest distributions (11,541) (13,332)
Withholding taxes paid on stock-based compensation (3,867) (10,754)
Purchase of additional controlling interest (376) (2,113)
Sale of noncontrolling interest 0 284
Net cash provided by (used in) financing activities 48,687 (137,950)
Change in cash 17,591 (174,461)
Cash at beginning of period 9,809 286,569
Cash at end of period 27,400 112,108
Supplemental disclosures of cash flow information:    
Interest paid 9,321 1,322
Income taxes paid 11,191 38,103
Non-Cash Operating Activity:    
Operating right of use assets in exchange for lease obligations 18,633 25,656
Reduction to right of use assets and liabilities (1,695) 0
Non-Cash Investing Activity:    
Net working capital adjustment 1,440 0
Accrued capital expenditures $ 74 $ 1,108

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