7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 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 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 
      
    		                                                     
      operating activities:
    		                                                     
      net income
    		35,357,000 240,783,000 210,939,000 398,573,000 415,049,000 229,548,000 210,545,000 208,631,000 180,009,000 198,043,000 295,783,000 256,814,000 173,545,000 204,925,000 172,515,000 209,359,000 148,865,000 271,236,000 164,100,000 119,607,000 16,964,000 55,077,000 75,097,000 67,701,000 41,388,000 103,406,000 20,795,000 84,020,000 11,753,000 46,270,000 -19,587,000 107,307,000 -48,180,000 -92,281,000 36,433,000 66,485,000 39,019,000 47,911,000 40,167,000 65,763,000 30,366,000 51,155,000 28,351,000 59,144,000 33,846,000 53,040,000 37,736,000 61,418,000 38,194,000 46,514,000 36,675,000 58,823,000 31,375,000 
      adjustments to reconcile net income to cash from operating activities:
    		                                                     
      depreciation and amortization
    		50,953,000 50,739,000 50,760,000 51,222,000 51,252,000 50,534,000 49,307,000 49,323,000 48,536,000 46,613,000 46,631,000 48,682,000 47,251,000 47,664,000 48,349,000 51,656,000 52,480,000 52,005,000 56,264,000 56,381,000 53,971,000 53,936,000 54,696,000 53,660,000 52,398,000 52,263,000 53,458,000 52,520,000 68,187,000 66,838,000 68,056,000 71,520,000 68,564,000 83,557,000 16,530,000  15,752,000 15,235,000 15,017,000  12,188,000 9,606,000 10,128,000  10,450,000 9,700,000 8,738,000       
      stock-based compensation expense
    		30,523,000 43,027,000 50,168,000 30,194,000 34,343,000 39,747,000 50,500,000 25,518,000 27,042,000 32,233,000 45,048,000 13,023,000 20,968,000 24,454,000 32,121,000 16,868,000 19,426,000 26,190,000 36,086,000 6,232,000 15,501,000 15,678,000 25,129,000 11,115,000 12,954,000 13,120,000 31,819,000 10,154,000 10,718,000 14,342,000 30,958,000 11,013,000 14,357,000 30,997,000 22,576,000 10,533,000 9,521,000   9,169,000 9,588,000 10,663,000 16,729,000 9,420,000 8,808,000 6,865,000 13,752,000 7,686,000 7,475,000 7,232,000 12,342,000 8,357,000 9,219,000 
      deferred taxes
    		-2,109,000 -11,224,000 -29,710,000 -156,281,000 -8,891,000 20,914,000 -17,823,000 -14,623,000 -33,397,000 -8,287,000 -7,866,000 -33,178,000 -780,000 10,758,000 -7,502,000 -42,016,000 -1,845,000 -1,589,000 3,883,000 -46,642,000 -4,735,000 -27,350,000 25,537,000 -4,997,000 -1,376,000 -23,884,000 -25,530,000 6,270,000 13,273,000 21,156,000 -39,175,000 -117,964,000 -21,446,000 -66,006,000 -11,998,000 10,767,000 -12,570,000 1,346,000 -2,191,000 6,068,000 -8,022,000 5,656,000 -3,358,000 540,000 -5,749,000 -2,901,000 7,351,000 11,674,000 6,736,000 125,000 -1,872,000 4,241,000 133,000 
      goodwill impairment
    		                                                     
      loss on impairment of lease related assets
    		4,111,000   7,959,000 2,423,000 0 527,000 1,306,000 335,000 10,007,000 8,720,000 16,424,000 2,045,000 11,623,000 23,878,000                                       
      reduction in the carrying amount of operating lease right-of-use assets
    		14,725,000 17,002,000 17,736,000 17,311,000 16,264,000 16,139,000 16,028,000 17,466,000 17,384,000 17,713,000 17,644,000 17,400,000 17,320,000 17,415,000 17,951,000 18,963,000 18,901,000 18,686,000 18,575,000 18,975,000 19,620,000 20,394,000 22,862,000                               
      amortization and write-off of deferred financing fees
    		1,050,000 1,041,000 1,034,000 1,026,000 1,017,000 1,011,000 1,537,000 1,183,000 1,176,000 1,169,000 1,161,000 1,154,000 1,147,000 1,140,000 1,133,000 1,126,000 1,122,000 991,000 923,000 937,000 2,095,000 3,755,000 1,637,000 1,632,000 1,627,000 1,622,000 1,616,000 1,610,000 1,604,000 8,733,000 1,868,000 1,826,000 3,761,000    453,000                 
      gain on de-designated swaps
    		-43,000 -281,000 -165,000 -1,718,000 2,886,000   3,725,000 -2,549,000 -6,494,000 1,393,000 -563,000 -11,198,000 -10,651,000 -29,896,000   4,014,000 -15,765,000                                   
      changes in assets and liabilities, net of acquisitions and divestitures:
    		                                                     
      fees receivable
    		152,650,000 263,513,000 211,612,000 -424,402,000 113,727,000 154,679,000 18,228,000 -442,695,000 123,464,000 258,392,000 36,177,000 -499,239,000 99,445,000 128,398,000 30,700,000 -402,887,000 124,891,000 78,458,000 54,192,000 -269,710,000 107,995,000 125,463,000 135,661,000 -281,861,000 74,291,000 62,451,000 78,390,000 -287,682,000 91,457,000 24,451,000 56,771,000 -353,426,000 29,849,000 12,980,000 -57,919,000 -94,903,000 46,622,000 -1,291,000 -19,089,000 -101,521,000 43,463,000 3,951,000 9,631,000 -113,789,000 34,456,000 7,119,000 -4,210,000 -97,829,000 42,661,000 9,220,000 17,851,000 -92,774,000 23,497,000 
      deferred commissions
    		37,440,000 45,796,000 41,131,000 -117,338,000 20,720,000 28,650,000 26,413,000 -91,226,000 23,457,000 34,418,000 19,635,000 -91,267,000 36,685,000 41,247,000 18,909,000 -131,657,000 -3,711,000 10,731,000 -237,000 -47,438,000 24,839,000 13,735,000 17,520,000 -65,644,000 12,355,000 18,901,000 4,073,000 -69,463,000 16,398,000 22,330,000 -512,000 -64,624,000 2,754,000 -2,525,000 3,002,000 -31,049,000 -2,945,000 8,274,000 7,047,000 -31,487,000 2,712,000 7,187,000 8,352,000 -36,886,000 6,507,000 9,461,000 8,578,000 -28,663,000 1,208,000 4,734,000 4,113,000 -22,073,000 3,476,000 
      prepaid expenses and other current assets
    		-31,728,000 -14,531,000 -5,338,000 18,021,000 -24,429,000 24,984,000 -47,509,000 31,311,000 -20,537,000 -297,000 -18,370,000 16,897,000 312,000 -6,652,000 -13,596,000 2,505,000 -17,596,000 9,111,000 -9,933,000 46,999,000 -23,306,000 26,858,000 -12,656,000 19,926,000 -17,675,000 7,843,000 8,891,000 13,844,000 18,513,000 -29,057,000 -53,851,000 45,410,000 -9,706,000 -17,138,000 -5,315,000 21,798,000 -44,069,000 -7,538,000 8,205,000 29,079,000 -25,154,000 5,771,000 -22,964,000 20,814,000 -18,835,000 -630,000 -4,366,000 19,653,000 -16,902,000 529,000 -4,467,000 8,199,000 -11,366,000 
      other assets
    		-8,478,000 -5,083,000 -15,568,000 -7,938,000 -7,032,000 -4,224,000 -24,309,000 -5,776,000 1,986,000 -15,939,000 -14,799,000 2,069,000 -4,946,000 12,399,000 -1,082,000 5,692,000 -210,000 -13,688,000 -10,081,000 -5,441,000 -2,577,000 -6,893,000 5,961,000 19,651,000 2,570,000 -21,007,000 -28,517,000 -11,988,000 -418,000 9,441,000 14,421,000 58,019,000 -59,220,000 -598,000 -16,730,000 -1,592,000 23,134,000 -6,973,000 5,436,000 -1,855,000 -24,042,000 -1,763,000 12,927,000 -5,836,000 2,405,000 -2,397,000 -1,311,000 -2,204,000 -536,000 3,939,000 -6,467,000 12,684,000 4,274,000 
      deferred revenues
    		-180,699,000 -285,359,000 131,001,000 265,141,000 -99,896,000 -157,607,000 173,542,000 221,329,000 -88,116,000 -118,449,000 155,153,000 204,597,000 -119,556,000 16,777,000 195,306,000 220,494,000 -87,249,000 59,028,000 131,786,000 226,168,000 -60,555,000 -123,387,000 -26,228,000 111,197,000 22,083,000 -37,817,000 85,740,000 118,252,000 -18,421,000 10,462,000 76,854,000 184,499,000 30,941,000 75,039,000 92,373,000 -16,218,000 7,426,000 27,630,000 79,141,000 -17,755,000 16,141,000 19,246,000 74,208,000 12,761,000 15,493,000 11,820,000 65,280,000 16,276,000 -2,658,000 16,301,000 51,019,000 10,964,000 13,954,000 
      accounts payable and accrued and other liabilities
    		44,992,000 37,551,000 -350,088,000 253,585,000 73,334,000 -33,835,000 -263,688,000 218,858,000 52,156,000 -17,246,000 -282,315,000 250,296,000 52,683,000 -83,890,000 -321,001,000 243,201,000 90,363,000 60,174,000 -272,495,000 157,013,000 48,811,000 175,582,000 -269,467,000                               
      cash from operating activities
    		298,744,000 383,565,000 313,512,000 335,355,000 590,767,000 369,964,000 188,836,000 224,330,000 330,946,000 435,782,000 164,679,000 203,109,000 314,921,000 415,607,000 167,785,000 234,786,000 345,039,000 575,347,000 157,298,000 260,448,000 243,913,000 343,168,000 55,749,000 82,835,000 219,523,000 227,482,000 35,596,000 45,147,000 249,264,000 174,023,000 2,724,000 22,250,000 149,549,000 112,323,000 -29,605,000 83,369,000 128,949,000 144,734,000 8,580,000 79,254,000 116,904,000 143,740,000 5,663,000 71,170,000 122,851,000 136,288,000 16,470,000 73,585,000 101,753,000 120,623,000 19,693,000 71,062,000 109,299,000 
      investing activities:
    		                                                     
      additions to property, equipment and leasehold improvements
    		-29,493,000 -36,248,000 -25,569,000 -23,941,000 -25,769,000 -29,367,000 -22,660,000 -27,979,000 -28,451,000 -25,572,000 -21,122,000 -37,589,000 -32,076,000 -21,092,000 -17,293,000 -21,164,000 -14,191,000 -11,958,000 -12,521,000 -23,043,000 -14,980,000 -21,329,000 -24,536,000 -53,315,000 -36,222,000 -39,419,000 -20,060,000 -62,242,000 -24,505,000 -22,447,000 -17,679,000 -35,146,000 -33,992,000 -30,927,000 -10,700,000 -12,986,000 -11,540,000 -18,777,000 -6,560,000 -10,061,000 -12,453,000 -11,982,000 -11,632,000 -12,970,000 -6,365,000 -9,966,000 -9,185,000 -8,726,000 -8,137,000 -9,987,000 -9,648,000 -13,537,000 -10,158,000 
      acquisition of business
    		    0 0 -2,000,000                                               
      cash from investing activities
    		-29,493,000 -36,248,000 -25,569,000 -23,941,000 -25,769,000 -29,367,000 -24,660,000 -22,955,000 -32,251,000 -28,248,000 137,611,000 -42,988,000 -36,185,000 -21,092,000 -17,293,000 -18,767,000 -14,447,000 -34,732,000 -12,521,000 -23,043,000 -14,980,000 -21,329,000 -24,536,000 -62,889,000 -36,222,000 -39,419,000 -22,355,000  73,807,000 383,095,000 -16,679,000 -35,146,000 -46,459,000 -2,523,954,000 -140,015,000 -17,809,000 -11,007,000 -47,873,000 -7,360,000 -10,812,000 -207,931,000 -11,982,000 -11,632,000 -15,370,000 -6,365,000 -16,587,000 -124,455,000 -8,726,000 -8,137,000 -9,987,000 -9,648,000 -13,537,000 -10,985,000 
      financing activities:
    		                                                     
      proceeds from employee stock purchase plan
    		7,736,000 7,731,000 9,736,000 7,395,000 6,332,000 6,413,000 8,047,000 5,992,000 5,875,000 5,882,000 7,358,000 5,251,000 4,985,000 5,046,000 6,949,000 4,646,000 4,113,000 4,057,000 5,357,000 4,272,000 4,094,000 4,078,000 5,641,000 4,394,000 4,158,000 3,994,000 5,083,000 3,555,000 3,507,000 3,503,000 4,124,000 3,161,000 2,888,000 2,640,000 3,022,000  2,229,000                 
      payments of deferred financing fees
    		    0 -368,000 -2,604,000          -1,275,000    -13,111,000                                 
      proceeds from revolving credit facility
    		   0 0 0 274,400,000             5,000,000 0                                 
      payments on long-term debt
    		    0 0 -274,400,000                                               
      purchases of treasury stock
    		-1,055,523,000 -274,483,000 -162,672,000 -101,981,000 -68,660,000 -339,593,000 -225,124,000 -158,449,000 -209,367,000 -131,522,000 -106,850,000 -17,328,000 -96,534,000 -478,810,000 -451,070,000 -216,739,000 -355,458,000 -684,900,000 -398,450,000 -100,185,000 -2,255,000 -698,000 -73,164,000 -57,606,000 -94,878,000 -1,719,000 -44,839,000 -156,432,000 -8,129,000 -67,877,000 -28,394,000 -4,084,000 -3,402,000 -11,808,000 -21,978,000 -6,072,000 -922,000 -6,480,000 -45,487,000 -56,049,000 -11,558,000 -117,400,000 -324,042,000 -44,880,000 -79,678,000 -111,598,000 -195,850,000 -24,485,000 -59,251,000 -49,473,000 -48,527,000 -22,004,000 -4,625,000 
      cash from financing activities
    		-1,047,787,000 -266,752,000 -152,936,000 -94,586,000 -62,328,000 -333,548,000 -219,681,000 -154,857,000 -205,292,000 -127,440,000 -101,292,000 -14,012,000 -92,882,000 -475,096,000 -445,452,000 -213,423,000 -353,949,000 -187,017,000 -403,220,000 -98,199,000 -42,272,000 -207,263,000 -68,490,000 -53,179,000   -23,438,000 -43,559,000 -266,303,000 -618,170,000 -329,083,000 -65,737,000 -80,327,000 1,768,623,000 917,271,000  -97,162,000    115,306,000 -62,091,000 -54,410,000  -78,377,000 -85,833,000 -32,276,000       
      net increase in cash and cash equivalents and restricted cash
    		-778,536,000 80,565,000 135,007,000 216,828,000 502,670,000 7,049,000 -55,505,000 46,518,000 93,403,000 280,094,000 200,998,000 146,109,000 185,854,000   2,596,000 -23,357,000       -33,233,000 92,616,000   -54,584,000 56,768,000 -61,052,000 -343,038,000                       
      effects of exchange rates on cash and cash equivalents
    		11,730,000 25,923,000 22,894,000  29,837,000 -7,665,000 -27,693,000  -16,876,000 -778,000 -5,485,000  -21,749,000 -15,121,000 -5,358,000  -7,370,000 864,000 -8,145,000  10,421,000 14,207,000 -15,709,000         -2,475,000 17,971,000 4,399,000 6,007,000 -13,308,000 -99,000 4,864,000 2,903,000 -215,000 -10,616,000 6,261,000 -23,270,000 -19,534,000 -14,814,000 773,000 -445,000 612,000 4,311,000 -2,158,000 -3,928,000 1,132,000 5,812,000 
      cash and cash equivalents and restricted cash, beginning of period
    		0 0 1,933,147,000  0 0 1,319,599,000  0 0 698,599,000  0 0 760,602,000      0    0 0 158,663,000 0 0 0 567,058,000                       
      cash and cash equivalents, end of period
    		-766,806,000 106,488,000 2,091,048,000                445,995,000  197,082,000 128,783,000 227,850,000         -81,108,000 40,734,000 -638,609,000 1,227,891,000 8,499,000 20,681,000 41,110,000 403,943,000 1,732,000 13,663,000 75,928,000 281,653,000 24,082,000 23,295,000 34,641,000 283,284,000 49,469,000 41,158,000 64,300,000 269,063,000 44,461,000 104,860,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                     
      gain from sale of divested operation
    		       0 0 3,906,000 -139,316,000                                           
      acquisitions - cash paid
    		       0    -5,399,000    91,000 -256,000       -23,694,000    0    0 -12,467,000    533,000 -29,096,000 -800,000      0         
      proceeds from sale of divested operation
    		       5,024,000 0 -2,676,000 158,733,000                                           
      payments for deferred financing fees
    		                               0 -1,000                     
      payments on borrowings
    		       -2,400,000 -1,800,000 -1,800,000 -1,800,000 -1,935,000 -1,333,000 -1,332,000 -1,331,000 -1,330,000 -1,329,000 -100,129,000 -5,127,000 -5,127,000 -1,200,248,000 -852,127,000 -967,000 33,000 35,000 -90,965,000 -18,682,000 109,318,000 -261,681,000 -553,796,000 -304,813,000 -64,814,000 -219,812,000    -7,500,000 -815,000,000 -5,000,000               
      effects of exchange rates on cash and cash equivalents and restricted cash
    		                       7,342,000 -4,342,000 -190,000 804,000 -45,000 -3,432,000 -6,622,000 3,610,000                       
      cash and cash equivalents and restricted cash, beginning of year
    		                                                     
      cash and cash equivalents and restricted cash, end of year
    		                                                     
      supplemental disclosures of cash flow information:
    		                                                     
      cash paid during the year for:
    		                                                     
      interest
    		                                                     
      income taxes, net of refunds received
    		                                                     
      cash and cash equivalents and restricted cash, end of period
    		    532,507,000 -616,000 1,236,401,000  76,527,000 279,316,000 894,112,000  164,105,000 -95,702,000 460,284,000  -30,727,000        88,274,000 69,183,000 149,270,000 -54,629,000 53,336,000 -67,674,000 227,630,000                       
      (gain) loss on de-designated swaps
    		      -4,462,000                                               
      other
    		                         0 -2,295,000   0 1,000,000                       
      proceeds from borrowings
    		               0 0   0 1,200,000,000   0 0 -30,000,000 35,000,000     0 140,000,000 1,930,000,000 955,000,000 -32,500,000 -82,500,000 760,000,000 70,000,000               
      payments on revolving credit facility
    		               0 0 0 -5,000,000 0 0                                 
      loss on extinguishment of debt
    		                   0                                  
      amortization of deferred swap losses from de-designation
    		                   0 0                                 
      early redemption premium payment
    		                   0                                  
      changes in assets and liabilities:
    		                                                     
      net decrease in cash and cash equivalents and restricted cash
    		              -294,960,000            -10,197,000                           
      income from divested operations
    		                          2,075,000                           
      gain on sale of an equity security
    		                                                     
      proceeds from the sale of an equity security
    		                                                     
      cash and cash equivalents, beginning of period
    		                0 0 712,583,000    280,836,000         0 0 0 474,233,000 0 0 0 372,976,000 0 0 0 365,302,000 0 0 0 423,990,000 0 0 0 299,852,000 0 0 
      net decrease in cash and cash equivalents
    		                  -258,443,000    -37,277,000                    -60,379,000           
      gain from divested operations
    		                       0 0   -6,947,000 -13,040,000                         
      divestitures - cash received
    		                           6,070,000 115,167,000                         
      fair value adjustment - equity security
    		                                                     
      loss on de-designated swaps
    		                                                     
      net increase in cash and cash equivalents
    		                    186,661,000           -78,633,000 22,763,000 -643,008,000 747,651,000 21,807,000 20,780,000 36,246,000 28,064,000 1,947,000 24,279,000   43,616,000 38,109,000 33,868,000 -140,261,000 48,857,000 36,847,000 66,458,000 -26,861,000 43,329,000 99,048,000 
      amortization of lease right-of-use assets
    		                        21,136,000 21,617,000 20,939,000                           
      changes in assets and liabilities, net of divestitures:
    		                                                     
      accounts payable, accrued, and other liabilities
    		                        6,892,000 28,967,000 -218,153,000 134,557,000 49,240,000 4,517,000 -133,079,000 78,670,000 137,875,000 79,291,000 -109,025,000 103,612,000 38,137,000 50,999,000 -136,308,000 110,102,000 58,972,000 35,071,000 -121,622,000 114,323,000 39,998,000 46,821,000 -104,513,000 82,973,000 17,629,000 26,889,000 -85,574,000 74,719,000 30,208,000 
      cash (used in) financing activities
    		                                                     
      gain on extinguishment of debt
    		                                                     
      cash from in investing activities
    		                                                     
      cash paid during the period for:
    		                                                     
      changes in assets and liabilities, net of acquisitions:
    		                                                     
      excess tax benefits from stock-based compensation exercises
    		                                                     
      amortization and write-off of debt issuance costs
    		                                  468,000                   
      business acquisitions - cash paid
    		                                  -129,315,000                   
      payments for debt issuance costs
    		                                  -18,773,000  0            0 0 -3,553,000   
      depreciation and amortization of intangibles
    		                                               8,978,000 8,609,000 8,421,000 8,434,000 8,364,000 7,663,000 
      amortization and write-off of debt issue costs
    		                                           1,073,000 472,000 519,000 581,000 603,000 635,000 614,000 858,000   
      acquisitions
    		                                                     
      proceeds from esp plan
    		                                                     
      payments on debt
    		                                       -5,000,000 -5,000,000 -5,000,000 -5,000,000 -190,625,000 -3,750,000 -3,750,000 -1,875,000 -1,875,000 -1,875,000 -1,875,000 -200,000,000 -7,500,000 -7,500,000 
      fees paid for debt refinancing
    		                                                     
      cash used by financing activities
    		                                               -16,002,000 -56,769,000 -44,178,000 -36,906,000 -14,196,000 734,000 
      excess tax benefits from stock-based compensation
    		                                        -105,000 -3,561,000 -7,556,000  -5,000,000 -3,129,000 -11,146,000  -1,298,000 -3,895,000 -13,219,000  -3,638,000 
      acquisitions - increase in restricted cash
    		                                       0    0 0         
      stock-based compensation plan expense
    		                                      15,495,000               
      excess tax benefits from stock-based compensation plans
    		                                      -4,751,000               
      amortization of debt issue costs
    		                                      411,000  797,000 758,000 837,000          504,000 
      proceeds from stock-based compensation plans and esp plan
    		                                      2,580,000               
      cash provided (used) in financing activities
    		                                      26,844,000               
      excess tax benefits from employee stock-based compensation exercises
    		                                                     
      proceeds from employee stock-based compensation plans and esp plan
    		                                                     
      proceeds from stock issued under stock plans
    		                                        1,759,000 1,748,000 2,076,000  1,301,000 2,636,000 2,428,000  1,184,000 1,400,000 1,955,000  1,809,000 
      proceeds from debt issuance
    		                                        130,000,000 55,000,000 265,000,000  -1,250,000 23,750,000 151,875,000  1,875,000 1,875,000 200,000,000  7,412,000 
      changes in assets and liabilities, net of acquisition:
    		                                                     
      acquisition - cash paid
    		                                              -101,770,000       
      acquisition - increase in restricted cash
    		                                              -13,500,000       
      acquisition
    		                                                    -827,000 
    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.