7Baggers
Quarterly
Annual
    Unit: USD2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2014-09-30 2011-09-30 2007-09-30 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2001-12-31 2001-09-30 
      
    		                                  
      cash flows from operating activities:
    		                                  
      net income
    		75,123,000 61,864,000 39,399,000 95,445,000 62,495,000 129,152,000 32,711,000 101,591,000 43,521,000 38,275,000 46,284,000 103,865,000 61,587,000 38,020,000 37,835,000 -34,755,576,567,688,000 34,755,576,640,521,000 54,351,000 35,834,000 37,011,000 35,000,000 28,967,000 -11,736,000 -9,003,000 28,986,000 -5,788,000 8,284,000 10,058,989 5,136,011 -5,133,000 -26,117,000 -47,618,000 -102,000 -14,359,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                  
      depreciation and amortization
    		2,680,000 2,688,000 2,783,000 2,712,000 2,688,000 2,523,000 2,334,000 2,522,000 2,549,000 2,443,000 2,036,000 2,080,000 2,014,000 1,642,000 1,544,000   1,412,000 1,693,000 1,509,000 1,791,000 1,352,000 1,412,000 2,825,000 5,509,000 4,841,000 4,977,000 17,392,285 -5,932,285 5,944,000 5,854,000 5,271,000 5,649,000 5,634,000 
      reduction in the carrying amount of right-of-use assets
    		2,457,000 2,643,000 2,466,000 1,890,000 2,258,000 2,414,000 2,365,000 2,576,000                           
      net foreign currency losses
    		-69,000 1,556,000 751,000 1,383,000 -27,000 591,000 1,463,000    721,000  -295,000                      
      stock-based compensation
    		7,757,000 7,866,000 10,090,000 9,055,000 9,225,000 9,096,000 6,268,000 7,415,000 7,299,000 7,559,000 9,275,000 6,119,000 6,254,000  5,353,000    4,677,000 4,672,000 4,958,000 4,204,000 3,708,000 2,502,000   1,878,000 4,993,628 -1,437,628 1,441,000     
      deferred income taxes
    		-33,000 -87,000 -53,352,000 5,226,000 6,817,000 171,000 41,000 28,483,000 -372,000 172,000 -182,000 23,008,000 -2,373,000 -1,274,000 171,000   -5,455,000 987,000 228,000 -46,000 15,560,000 -5,354,000     75,900     -11,000 -34,000 
      benefit from receivables
    		799,000                                  
      other non-cash operating activities
    		735,000 441,000 331,000 203,000 311,000 205,000 202,000 202,000 208,000 108,000 107,000 88,000 124,000 107,000 107,000   172,000 390,000 -50,000 90,000 462,000             
      changes in assets and liabilities:
    		                                  
      accounts receivable
    		-14,506,000 3,121,000 12,190,000 -6,247,000 -4,257,000 6,129,000 2,243,000 3,553,000 -11,889,000 -2,594,000 -1,945,000 -2,443,000 12,281,000 5,291,000 -4,620,000 4,160,000 -504,000 7,464,000 -17,438,000 3,849,000 -1,355,000 14,990,000 5,594,000 1,402,000           
      contract assets
    		9,319,000 -29,504,000 -29,554,000 -10,199,000 19,835,000 -116,007,000 -7,366,000 -36,340,000 30,777,000 2,919,000 -25,440,000 -31,925,000 14,531,000                      
      contract costs
    		-595,000 -367,000 -256,000 -636,000 -123,000 37,000 284,000 -2,048,000 -692,000 -485,000 -345,000 -657,000 -1,279,000                      
      lease liabilities
    		-2,750,000 -2,597,000 -2,561,000 -2,649,000 -2,298,000 -2,572,000 -2,663,000 -2,668,000 -3,444,000 -1,464,000 -1,932,000                        
      prepaid expenses, prepaid income taxes, and other assets
    		-304,000 2,625,000 9,790,000 -5,883,000 -7,001,000 1,942,000 -1,900,000 -3,087,000 -433,000 324,000 -2,092,000 -2,612,000 -1,543,000 -1,087,000 3,949,000   -6,069,000 -13,000 1,776,000 1,885,000 1,242,000 1,187,000            
      accounts payable, accrued expenses, income taxes payable and other liabilities
    		-3,231,000 -5,119,000 44,386,000 6,788,000 216,000 -1,558,000 -5,505,000 -2,608,000 2,353,000 -10,364,000 -12,741,000 -11,059,000 -4,738,000 5,604,000 -2,656,000   -16,017,000 1,863,000 -7,436,000 12,520,000              
      deferred revenue
    		3,760,000 -4,268,000 -4,858,000 3,181,000 6,456,000 4,100,000 2,854,000 -657,000 5,765,000 9,291,000 -1,355,000 -184,000 3,829,000 25,399,000 29,887,000 -1,549,000 -40,037,000 32,039,000 27,178,000 -12,899,000 -27,841,000  6,982,000 715,000           
      net cash from operating activities
    		81,142,000 41,257,000 32,687,000 103,185,000 98,659,000 37,839,000 36,451,000 99,670,000 81,381,000 46,947,000 15,260,000 85,177,000 90,039,000 79,107,000 73,067,000 42,402,000 12,360,000 73,348,000 55,621,000 27,167,000 26,250,000 39,943,000 5,273,000 22,342,000 30,649,000 5,325,000 18,796,000        
      capex
    		-471,000 -395,000 -371,000 0 -191,000 -569,000 104,000 0 -136,000 -624,000 -440,000 94,000 -21,000 0 -48,000 0 0 0 -1,172,000 -476,000 -392,000 0 -386,000 0 0 0 0        
      free cash flows
    		80,671,000 40,862,000 32,316,000 103,185,000 98,468,000 37,270,000 36,555,000 99,670,000 81,245,000 46,323,000 14,820,000 85,271,000 90,018,000 79,107,000 73,019,000 42,402,000 12,360,000 73,348,000 54,449,000 26,691,000 25,858,000 39,943,000 4,887,000 22,342,000 30,649,000 5,325,000 18,796,000        
      cash flows from investing activities:
    		                                  
      purchases of property, equipment and leasehold improvements
    		-479,000 -406,000 -253,000  -211,000 -345,000 -177,000  -143,000 -368,000 -600,000  -26,000  -61,000    -777,000 -476,000 -898,000              
      payments for business acquisitions, net of cash acquired
    		   0 -329,000   0 -241,000 0 -74,219,000   0 -22,900,000   0 0                
      payments for equity method investments
    		-33,000 -234,000 -350,000 -217,000 -760,000 168,000 -334,000 -5,000                           
      payments for capitalized computer software development costs
    		-31,000 -152,000 -178,000  0 -89,000 -806,000                            
      net cash from investing activities
    		-543,000 -792,000 -781,000 -955,000 -1,300,000 -16,209,000 -1,317,000 -172,000 -774,000 -429,000 -74,828,000 -6,365,000 -931,000 -144,000 -22,904,000   16,282,000 55,034,000 38,899,000 -146,913,000  -586,000            
      cash flows from financing activities:
    		                                  
      issuance of shares of common stock
    		1,616,000 12,916,000 1,391,000 13,588,000 9,394,000 2,846,000 268,000 3,640,000                           
      repurchases of common stock
    		0 -79,690,000 -154,353,000     -1,811,000 -49,757,000 -50,016,000 -50,848,000 -75,032,000 -76,759,000 -50,684,000 -49,328,000   -75,849,000 -96,058,000 -47,963,000 -151,621,000  -9,172,000            
      payments of tax withholding obligations related to restricted stock
    		-2,360,000 -4,243,000 -6,053,000  -2,612,000 -2,279,000 -1,828,000  -2,395,000 -2,685,000 -3,166,000  -2,262,000  -1,945,000    -1,560,000 -1,489,000 -1,297,000              
      deferred business acquisition payments
    		0 -1,210,000 -10,000     0    0 -500,000 -6,049,000 0                    
      repayments of amounts borrowed
    		-6,000,000 -4,000,000 -4,000,000                                
      payments of debt issuance costs
    		0       0 -79,000                          
      net cash from financing activities
    		-6,744,000 -76,629,000 -163,025,000 -39,741,000 2,782,000 -122,615,000 -5,560,000 -4,092,000 31,819,000 -25,296,000 47,004,000 -72,610,000 -78,106,000 -53,153,000 -28,419,000   -72,265,000 -93,257,000 -47,250,000 -149,245,000  -8,951,000   924,000 1,209,000 7,312,923 -1,325,923 1,328,000  -33,565,000   
      effect of exchange rate changes on cash and cash equivalents
    		  -558,000 265,000 -531,000 876,000 228,000 218,000 -740,000 631,000 -729,000 132,000 162,000 -720,000 628,000   37,000 128,000 -167,000 -51,000              
      increase in cash and cash equivalents
    		  -131,677,000 62,754,000    95,624,000 111,686,000                3,683,000 2,594,000 16,183,000        
      cash and cash equivalents, beginning of period
    		0 0 379,853,000  0 0 287,796,000  0 0 71,926,000  0  0    0 0 318,336,000 199,526,000 149,985,000 132,267,000  86,272,000  68,080,851 -68,080,851 68,149,000  56,110,000 0 36,633,000 
      cash and cash equivalents, end of period
    		        111,686,000    11,164,000  22,372,000    17,526,000 18,649,000 48,377,000 193,134,000 145,356,000 129,468,000 3,683,000 88,866,000  70,031,542 -47,642,542 47,700,000  -55,814,000 26,277,000 25,517,000 
      supplemental disclosure of cash flow information:
    		                                  
      income taxes paid
    		21,451,000 18,428,000 2,818,000  18,681,000 27,965,000 2,703,000  6,611,000 9,464,000 10,284,000  21,296,000  8,920,000    16,742,000 23,761,000 1,239,000 1,551,000             
      interest paid
    		1,337,000 1,305,000 1,333,000  1,455,000 2,096,000 2,121,000  3,054,000 2,391,000 2,801,000 2,393,000 2,187,000  1,417,000    920,000 729,000 850,000 3,000 1,092,000            
      supplemental disclosure of non-cash activities:
    		                                  
      change in purchases of property, equipment and leasehold improvements included in accounts payable and accrued expenses
    		8,000 11,000 -118,000  20,000 -224,000 281,000  7,000 -256,000 160,000 94,000 5,000  13,000    -395,000 0 506,000              
      change in repurchases of common stock included in accounts payable and accrued expenses
    		0 0 -4,353,000      243,000 -16,000 -848,000 -32,000 -1,759,000                      
      lease liabilities arising from obtaining right-of-use assets
    		3,228,000 169,000 1,463,000    223,000  6,802,000 1,552,000 3,272,000                        
      effect of exchange rate changes on cash, cash equivalents, and restricted cash
    		                                  
      (decrease) in cash, cash equivalents, and restricted cash
    		                                  
      cash, cash equivalents, and restricted cash, end of period
    		 -36,777,000 248,176,000   -100,109,000 317,598,000    58,633,000                        
      benefit from bad debts
    		  1,082,000 2,916,000 2,064,000 1,616,000 3,120,000 1,864,000 2,127,000 282,000 982,000 171,000  45,000     169,000    150,000            
      purchase of property, equipment and leasehold improvements
    		                      -386,000            
      payments for capitalized computer software costs
    		       0 -71,000 -61,000 -9,000 -37,000 -905,000 -30,000 57,000   -279,000 -26,000 -49,000 -51,000              
      payment of tax withholding obligations related to restricted stock
    		                      -1,187,000            
      proceeds from borrowings
    		        86,000,000                          
      proceeds from revolving credit facility, net of repayments
    		    0                              
      repayments of amounts borrowed under term loan
    		    -4,000,000                              
      increase in cash, cash equivalents, and restricted cash
    		     -100,109,000 29,802,000                            
      proceeds from borrowings, net of repayments
    		      -4,000,000                            
      net foreign currency (gains) losses
    		              96,000                    
      right-of-use asset amortization
    		         1,364,000 1,887,000                        
      exercises of stock options
    		         1,696,000 1,018,000  1,415,000  3,854,000    3,049,000 1,754,000 3,089,000              
      proceeds from credit agreement
    		          100,000,000 0 0 0 19,000,000                    
      decrease in cash, cash equivalents, and restricted cash
    		          -13,293,000                        
      reconciliation to amounts within the unaudited consolidated balance sheets:
    		                                  
      tax benefits from stock-based compensation
    		                 3,621,000 1,312,000 448,000 584,000              
      excess tax benefits from stock-based compensation
    		                 -3,621,000 -1,312,000 -448,000 -584,000 72,000             
      purchases of marketable securities
    		                 0 0 -490,000,000 -193,748,000              
      maturities of marketable securities
    		                 17,130,000 55,837,000 560,195,000 53,184,000 14,513,000             
      payments for business acquisitions, net of cash
    		                                  
      proceeds from issuances of shares of common stock
    		                                  
      payments of credit agreement issuance costs
    		             0 0                    
      decrease in cash and cash equivalents
    		           6,334,000 11,164,000  22,372,000      -269,959,000  -4,629,000            
      cash and cash equivalents, beginning of year
    		                                  
      cash and cash equivalents, end of year
    		                                  
      income tax paid
    		                                  
      supplemental disclosure of non-cash investing and financing activities:
    		                                  
      benefit from (recovery from) bad debts
    		                    -7,000              
      payments for business acquisitions
    		                    -5,400,000              
      operating activities:
    		                                  
      stock-based compensation expense
    		                                  
      changes in assets and liabilities, excluding initial effects of acquisitions:
    		                                  
      investing activities:
    		                                  
      financing activities:
    		                                  
      exercise of stock options
    		                     1,050,000   763,000 551,000  7,433,724 -1,191,724 1,194,000  1,063,000 6,000 142,000 
      change in common stock repurchases included in accounts payable and accrued expenses
    		                                  
      consolidated statements of cash flows:
    		                                  
      september 30, 2018:
    		                                  
      june 30, 2018, as adjusted:
    		                                  
      net foreign currency gains
    		                   -1,556,000 -745,000              
      acquisition related deposits
    		                                  
      change in common stock repurchases included in accrued expenses
    		                  3,942,000 2,037,000 -1,621,000              
      change in landlord improvement allowance included in leasehold improvements and deferred rent liability
    		                                  
      unbilled services
    		                     527,000 611,000 3,010,000           
      installments receivable
    		                     253,000             
      accounts payable, accrued expenses, and other liabilities
    		                      -6,898,000            
      purchase of marketable securities
    		                                  
      capitalized computer software development costs
    		                      -200,000            
      net foreign currency gain
    		                      1,275,000            
      installment receivables
    		                                  
      insurance proceeds
    		                                  
      purchase of technology intangibles
    		                                  
      repayments of secured borrowings
    		                      -2,232,000            
      net foreign currency (gain) loss
    		                                  
      installments and collateralized receivables
    		                      8,329,000 13,068,000           
      payments for acquisitions, net of cash acquired
    		                                  
      proceeds from secured borrowings
    		                      1,408,000            
      cash flow provided by:
    		                                  
      operating activities
    		                                  
      investing activities
    		                                  
      financing activities
    		                                  
      effect of exchange rates on cash balances
    		                                  
      other non-cash activities
    		                      13,000            
      exercise of stock options and warrants
    		                      2,232,000 697,000           
      effects of exchange rate changes on cash and cash equivalents
    		                      -365,000 169,000           
      income tax paid (refunded)
    		                      631,000            
      net foreign currency
    		                                  
      loss on the disposal of assets
    		                                  
      prepaid expenses, other assets and prepaid income taxes
    		                                  
      income taxes payable
    		                                  
      accounts payable, accrued expenses and other liabilities
    		                                  
      repayment of secured borrowings
    		                                  
      income tax (refund) paid
    		                                  
      adjustments to reconcile net income to net cash from operating activities
    		                                  
      net foreign currency loss
    		                                  
      loss on disposal of property, equipment and leasehold improvements
    		                                  
      loss on impairment of goodwill and intangible assets
    		                                  
      non-cash interest expense from amortization of debt issuance costs
    		                                  
      loss on disposal of property
    		                       20,000           
      benefit from doubtful accounts
    		                       565,000           
      prepaid expenses and other current assets
    		                       1,227,000           
      accounts payable and accrued expenses and other current liabilities
    		                                  
      other liabilities
    		                       589,000           
      purchase of property and leasehold improvements
    		                                -4,400,000 -6,420,000 
      decrease in other long-term assets
    		                         86,000      -840,000   
      issuance of common stock under employee stock purchase plan
    		                       467,000           
      payments of long-term debt and capital lease obligations
    		                                  
      payment of series d dividend
    		                                  
      debt issuance costs
    		                                  
      proceeds from secured borrowing
    		                       20,680,000           
      repayments of secured borrowing
    		                                  
      foreign currency gain on intercompany accounts
    		                       447,000           
      non-cash interest expense from amortization of debt costs
    		                       231,000           
      accounts payable and accrued expenses
    		                       4,802,000           
      decrease (increase) in other long-term assets
    		                       26,000           
      transaction (gain) loss on intercompany accounts
    		                                  
      loss on securitization of installments receivable
    		                        0 5,672,000         
      (gain) loss on sales and disposals of assets
    		                                  
      accretion of discount on retained interest in sold receivables
    		                                  
      decrease in accounts receivable
    		                         4,050,000   -7,257,699 7,265,000     
      decrease (increase) in unbilled services
    		                         10,000         
      decrease (increase) in installments receivable, including proceeds from securitization
    		                                  
      decrease in prepaid expenses and other current assets
    		                                  
      decrease in accounts payable and accrued expenses
    		                                  
      decrease in deferred revenue
    		                                  
      decrease in other liabilities
    		                                  
      increase in other long-term assets
    		                             55,000   -446,000 -753,000 
      payments of long-term debt
    		                                  
      payment of preferred stock dividends
    		                                  
      effects of exchange rate changes on cash
    		                               -386,000  397,000 
      casn and cash equivalents, beginning of period
    		                                  
      stock-based compensation.
    		                         1,741,000         
      loss on sales and disposals of assets
    		                         97,000         
      decrease (increase) in installments receivable
    		                         17,754,000         
      decrease (increase) in prepaid expenses and other current assets
    		                         404,000  3,014,717       
      increase in other liabilities
    		                             24,000     
      issuance of common stock under employee stock purchase plans
    		                         423,000 0 838,555 -444,555 445,000 0 217,000   
      accretion of discount on retained interest in sold receivables.
    		                                  
      asset impairment charges and write-offs under restructuring charges
    		                                  
      (gain) loss on the disposal of property
    		                                  
      gain on repurchase of convertible debt
    		                                  
      long-term installments receivable, including proceeds from securitization
    		                                  
      proceeds from sale of property
    		                                  
      increase in other assets
    		                                  
      cash from the purchase of businesses, net of cash acquired
    		                                  
      issuance of series d redeemable convertible preferred stock and common stock warrants, net of issuance costs
    		                                  
      retirement of series b redeemable convertible preferred stock
    		                                  
      payment of convertible preferred stock dividends
    		                                  
      payment of amounts owed to accenture
    		                                  
      tax benefit from stock options.
    		                                  
      repayment of convertible debt
    		                                  
      supplemental disclosure of non-cash financing activities:
    		                                  
      accretion of discount on series d redeemable convertible preferred stock
    		                                  
      accrual of dividend on series d redeemable convertible preferred stock
    		                                  
      issuance of common stock in settlement of series b convertible preferred stock dividend
    		                                  
      issuance of common stock in conversion of series d redeemable convertible preferred stock
    		                                  
      non-cash purchases of property
    		                                  
      supplemental disclosure of cash flows related to acquisition:
    		                                  
      fair value of assets acquired, excluding cash
    		                                  
      payment in connection with the acquisition, net of cash acquired
    		                                  
      liabilities assumed
    		                                  
      asset impairment charges, write-offs under restructuring charges, and (gains) losses on sales and disposals of assets
    		                           479,623 -60,623 61,000     
      decrease (increase) in accounts receivable
    		                                  
      decrease in unbilled services
    		                           157,832       
      increase in deferred revenue
    		                                  
      decrease in other assets
    		                                  
      capitalization of computer software development costs
    		                                  
      increase in unearned revenue
    		                               1,892,000 1,682,000 -1,489,000 
      increase in unbilled services
    		                                 -2,321,000 
      increase in computer software development costs
    		                                -1,516,000 -1,616,000 
      stock compensation — modification of stock options
    		                                  
      research and development costs subject to common stock settlement
    		                                  
      long-term installments receivable
    		                                  
      unearned revenue
    		                                  
      decrease in short-term investments
    		                                  
      payment of series b redeemable convertible preferred stock dividend
    		                                  
      repurchase of convertible debt
    		                                  
      modification of series b convertible preferred stock to series b redeemable convertible preferred stock
    		                                  
      supplemental disclosure of cash flows related to acquisitions:
    		                                  
      the company acquired certain companies as described in note 4. these acquisitions are summarized as follows:
    		                                  
      payments in connection with the acquisitions, net of cash acquired
    		                                  
      gain on sale of property
    		                                  
      asset impairment charges, write-offs under restructuring charges and asset sales and disposals
    		                                  
      decrease in installments receivable
    		                               -21,780,000   
      proceeds from sale of land
    		                                  
      cash from the purchase of a business, net of cash acquired
    		                                  
      issuance of series d redeemable convertible preferred stock
    		                                  
      payment of amount owed to accenture
    		                                  
      goodwill impairment charge
    		                                  
      asset impairments and write-offs under the restructuring and other charges
    		                                  
      sale of investment securities
    		                                15,564,000 1,082,000 
      adjustments to reconcile net income to net cash from operating activities —
    		                                  
      proceeds on sale of property
    		                                  
      issuance of common stock and common stock warrants, net of issuance costs
    		                                  
      issuance of series b convertible preferred stock and common stock warrants, net of issuance costs
    		                                  
      payment of dividends
    		                                  
      cash paid for income taxes
    		                                  
      cash paid for interest
    		                                  
      accretion of discount on series b convertible preferred stock
    		                                  
      preferred stock dividend due to beneficial conversion feature of series b convertible preferred stock
    		                                  
      issuance of common stock in settlement of obligation subject to common stock settlement
    		                                  
      adjustments to reconcile net income to net cash provided by operating activities
    		                                  
      charge for in-process research and development
    		                                  
      increase in prepaid expenses and other current assets
    		                                -814,000 -584,000 
      proceeds from sale of fixed assets
    		                                  
      write-off of investment
    		                                  
      cash from the purchase of business, net of cash acquired
    		                                  
      issuance of common stock under employee stock purchase plans
    		                                  
      proceeds from (payments of) long-term debt and capital lease obligations
    		                                  
      issuance of common stock under employee stock purchase plan
    		                                 2,723,000 
      payments of long-term debt and capital lease obligations
    		                                 -2,251,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.