v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net income $ 122,046 $ 99,969
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 14,899 15,601
Amortization of operating lease right of use asset 27,526 25,799
Stock-based compensation expense 11,717 11,133
Deferred income taxes 23,356 15,038
(Gain) loss on disposal of assets (1,190) 291
Impairment of intangibles and other 937 622
Changes in operating assets and liabilities, net of acquisitions:    
Receivables (27,038) (36,194)
Prepaid expenses 397 (1,487)
Other assets (6,368) (3,183)
Prepaid income taxes (11,575) (10,035)
Prepaid taxes (12,509) 0
Accounts payable and accrued expenses 6,626 (17,085)
Salaries, wages, and benefits payable (9,687) 25,913
Contract liabilities - deferred revenue (141,629) 317,938
Other long term liabilities 0 33,632
Operating lease liabilities (27,472) (25,485)
Income taxes payable (20,819) 2,721
Net amounts due to/from governmental entities (833) 555
Net cash (used in) provided by operating activities (51,616) 455,743
Investing activities:    
Purchases of property, building and equipment (23,548) (51,241)
Proceeds from sale of property, building and equipment 3,350 7,142
Cash received (paid) for acquisitions, net of cash acquired (383,475) 2,326
Proceeds from sale of an entity 1,531 0
Minority interest investments (10,100) 0
Net cash used in investing activities (412,242) (41,773)
Financing activities:    
Proceeds from line of credit 544,056 276,229
Payments on line of credit (209,056) (509,229)
Government stimulus advance (93,257) 93,257
Proceeds from employee stock purchase plan 1,877 1,679
Payments on deferred financing fees (2,855) 0
Noncontrolling interest distributions (22,187) (22,505)
Withholding taxes paid on stock-based compensation (11,594) (9,854)
Purchase of additional controlling interest (2,113) (23,575)
Sale of noncontrolling interest 1,934 2,120
Net cash provided by (used in) financing activities 206,805 (191,878)
Change in cash (257,053) 222,092
Cash at beginning of period 286,569 31,672
Cash at end of period 29,516 253,764
Supplemental disclosures of cash flow information:    
Interest paid 1,532 4,556
Income taxes paid 42,036 15,583
Non-Cash Operating Activity:    
Operating right of use assets in exchange for lease obligations 41,776 25,633
Reduction to right of use assets and liabilities (2,746) 0
Non-Cash Investing Activity:    
Accrued capital expenditures $ 1,807 $ 5,851

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