Quarterly
Annual
| Unit: USD | 2025-09-30 | 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 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2007-12-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 |
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cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 222,400,000 | 110,500,000 | 57,500,000 | 241,900,000 | 154,800,000 | 84,500,000 | 65,600,000 | 172,400,000 | 59,300,000 | 3,200,000 | -8,700,000 | 175,900,000 | 138,100,000 | 335,500,000 | 143,900,000 | 420,800,000 | 236,700,000 | 199,400,000 | 102,400,000 | 256,200,000 | 134,600,000 | 14,300,000 | 17,600,000 | 276,100,000 | 129,300,000 | 111,300,000 | 21,200,000 | 203,200,000 | 136,100,000 | 109,800,000 | 42,600,000 | 79,800,000 | 87,500,000 | 78,700,000 | 11,300,000 | 166,600,000 | 48,200,000 | 94,400,000 | 25,200,000 | 198,475,000 | 113,186,000 | 91,409,000 | 43,271,000 | 194,776,000 | 104,737,000 | 72,362,000 | 16,145,000 | 147,523,000 | 63,116,000 | 49,451,000 | 13,262,000 | 85,025,000 | 33,900,000 | 45,088,000 | 1,599,000 | 84,744,000 | 37,230,000 | 32,051,000 | 414,000 | 52,401,000 | 19,860,000 | 105,456,000 | 80,928,000 | 24,697,000 | 66,216,000 | 4,560,000 | 66,886,000 | 20,617,000 |
reconciliation of net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 57,600,000 | 67,700,000 | 71,600,000 | 67,000,000 | 65,500,000 | 62,300,000 | 61,000,000 | 61,900,000 | 59,100,000 | 59,900,000 | 57,500,000 | 62,600,000 | 55,700,000 | 55,400,000 | 54,400,000 | 57,200,000 | 52,800,000 | 54,500,000 | 53,000,000 | 31,082,000 | 26,642,000 | 25,495,000 | 24,923,000 | 27,123,000 | 22,023,000 | 22,780,000 | 22,411,000 | 20,857,000 | 19,742,000 | 20,175,000 | 19,079,000 | 22,332,000 | 22,835,000 | 19,350,000 | 18,315,000 | 18,584,000 | 17,743,000 | 17,533,000 | 17,713,000 | 18,727,000 | 18,721,000 | 16,752,000 | 17,087,000 | 11,523,000 | 10,378,000 | 9,976,000 | 8,869,000 | 8,322,000 | ||||||||||||||||||||
equity losses | -27,400,000 | 27,400,000 | 25,600,000 | 50,800,000 | 900,000 | 15,400,000 | 3,700,000 | 76,800,000 | 11,200,000 | 103,500,000 | 2,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of earnings from investments | 8,900,000 | 7,500,000 | 1,600,000 | 7,000,000 | 3,500,000 | 4,000,000 | 3,200,000 | 4,200,000 | 2,200,000 | 2,200,000 | 3,800,000 | 6,300,000 | 5,000,000 | 7,300,000 | 2,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from loss on receivables and other assets | 18,800,000 | 9,000,000 | 9,400,000 | 3,300,000 | 3,000,000 | 21,800,000 | 9,900,000 | -1,400,000 | 2,700,000 | 11,900,000 | 7,100,000 | 9,600,000 | 5,600,000 | 6,300,000 | 5,500,000 | 4,600,000 | 7,700,000 | 300,000 | -500,000 | -616,000 | 4,305,000 | 2,781,000 | 8,032,000 | -2,414,000 | 4,236,000 | 1,076,000 | 5,303,000 | -3,090,000 | 960,000 | 5,771,000 | 5,074,000 | -78,000 | 5,281,000 | 4,254,000 | -1,940,000 | 879,000 | 6,081,000 | 2,061,000 | 13,867,000 | 1,999,000 | -3,803,000 | -1,271,000 | 402,000 | 1,780,000 | 2,734,000 | 49,000 | 317,000 | |||||||||||||||||||||
amortization of stock-based compensation | 22,400,000 | 44,000,000 | 22,000,000 | 18,500,000 | 22,100,000 | 45,600,000 | 11,200,000 | 18,800,000 | 6,500,000 | 36,300,000 | 16,700,000 | 16,100,000 | 25,300,000 | 25,800,000 | 18,600,000 | 28,600,000 | 24,000,000 | 26,300,000 | 17,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
net non-cash mortgage servicing rights and mortgage banking derivative activity | 200,000 | 4,200,000 | 12,900,000 | -7,700,000 | 5,100,000 | 11,800,000 | 9,000,000 | 8,700,000 | 7,100,000 | 600,000 | 1,800,000 | 1,800,000 | -5,200,000 | -11,200,000 | 3,600,000 | -15,900,000 | -28,000,000 | -5,700,000 | -9,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accretion of interest and amortization of debt issuance costs | 1,600,000 | 1,500,000 | 1,700,000 | 1,400,000 | 1,500,000 | 1,200,000 | 1,400,000 | 1,200,000 | 1,000,000 | 1,100,000 | 1,000,000 | 1,100,000 | 1,200,000 | 1,200,000 | 1,300,000 | 1,200,000 | 1,000,000 | 1,000,000 | 1,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other | 5,900,000 | -8,000,000 | 6,900,000 | 5,300,000 | -4,500,000 | 7,900,000 | -8,600,000 | 2,100,000 | 11,800,000 | 2,700,000 | 900,000 | 1,700,000 | 1,600,000 | 2,000,000 | 600,000 | 3,000,000 | 4,100,000 | -17,200,000 | -3,900,000 | -58,300,000 | 25,400,000 | 8,100,000 | -2,300,000 | -49,600,000 | 29,600,000 | 6,100,000 | -700,000 | -20,200,000 | 900,000 | 1,600,000 | 600,000 | 5,800,000 | 2,100,000 | -6,900,000 | 4,000,000 | -19,500,000 | -2,300,000 | 44,400,000 | -2,600,000 | |||||||||||||||||||||||||||||
change in: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | -11,000,000 | 8,400,000 | 163,500,000 | -267,600,000 | -55,200,000 | -41,300,000 | 156,200,000 | -151,800,000 | 25,200,000 | -20,800,000 | 158,500,000 | -269,400,000 | -114,300,000 | -11,600,000 | 76,200,000 | -321,600,000 | -150,500,000 | -83,900,000 | 154,000,000 | 63,390,000 | -55,684,000 | 85,668,000 | -20,342,000 | 47,465,000 | -174,292,000 | -7,772,000 | -10,756,000 | 2,200,000 | -78,344,000 | 15,740,000 | -43,610,000 | 51,970,000 | -106,131,000 | 37,351,000 | -182,640,000 | -173,625,000 | 51,047,000 | -155,422,000 | 35,623,000 | -132,783,000 | -21,192,000 | |||||||||||||||||||||||||||
reimbursable receivables and reimbursable payables | 22,700,000 | 120,900,000 | -271,800,000 | 155,400,000 | -80,700,000 | 114,100,000 | -193,400,000 | 17,400,000 | -59,700,000 | 130,600,000 | -181,600,000 | 110,400,000 | -68,400,000 | -4,800,000 | -89,400,000 | -44,100,000 | 39,100,000 | 30,200,000 | -107,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | -13,600,000 | -2,100,000 | -24,000,000 | 23,400,000 | -121,200,000 | 34,900,000 | -18,700,000 | 80,400,000 | -57,900,000 | 13,400,000 | -59,900,000 | 125,400,000 | -53,300,000 | 37,400,000 | -58,700,000 | -80,800,000 | -75,500,000 | -43,400,000 | -32,400,000 | 9,074,000 | -5,133,000 | -3,933,000 | 3,312,000 | -3,069,000 | -7,279,000 | -13,526,000 | -994,000 | -150,000 | -9,683,000 | 16,987,000 | -13,130,000 | -4,011,000 | -8,761,000 | 1,894,000 | -3,439,000 | 464,000 | ||||||||||||||||||||||||||||||||
income taxes receivable, payable and deferred | 7,700,000 | -109,400,000 | -22,700,000 | 34,400,000 | -21,700,000 | -125,900,000 | -24,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued liabilities and other liabilities | 57,500,000 | 89,200,000 | -171,300,000 | 136,300,000 | 39,300,000 | 15,100,000 | -154,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued compensation | 243,400,000 | -38,000,000 | -650,500,000 | 457,900,000 | 249,200,000 | 22,500,000 | -599,100,000 | 288,500,000 | 235,200,000 | 26,800,000 | -618,400,000 | 197,800,000 | 181,600,000 | 36,500,000 | -710,100,000 | 541,500,000 | 355,800,000 | 163,300,000 | -384,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 617,100,000 | 332,800,000 | -767,600,000 | 927,300,000 | 261,600,000 | 273,900,000 | -677,500,000 | 729,400,000 | 325,700,000 | 237,000,000 | -716,300,000 | 601,800,000 | 137,500,000 | 177,000,000 | -716,400,000 | 762,100,000 | 456,400,000 | 215,700,000 | -461,800,000 | 751,600,000 | 407,800,000 | 501,400,000 | -546,100,000 | 735,300,000 | 231,600,000 | 68,400,000 | -551,500,000 | 604,400,000 | 267,600,000 | -9,300,000 | -258,600,000 | 493,500,000 | 310,500,000 | 198,100,000 | -212,900,000 | 366,400,000 | 130,900,000 | 54,100,000 | -336,900,000 | 460,285,000 | 252,513,000 | 95,137,000 | 60,867,000 | -197,179,000 | 276,198,000 | 188,435,000 | 65,969,000 | -146,332,000 | 206,693,000 | 129,722,000 | 256,000,000 | 223,519,000 | 186,225,000 | 54,945,000 | -86,986,000 | 109,390,000 | 68,311,000 | |||||||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net capital additions – property and equipment | -49,500,000 | -44,400,000 | -44,500,000 | -59,200,000 | -44,900,000 | -38,200,000 | -43,200,000 | -49,200,000 | -49,500,000 | -38,900,000 | -49,300,000 | -69,800,000 | -49,100,000 | -40,300,000 | -46,600,000 | -64,300,000 | -41,800,000 | -35,200,000 | -34,600,000 | -36,900,000 | -35,200,000 | -32,900,000 | -44,400,000 | -56,700,000 | -47,300,000 | -39,200,000 | -44,600,000 | -51,800,000 | -39,100,000 | -29,400,000 | -41,600,000 | -53,300,000 | -34,900,000 | -31,600,000 | -31,600,000 | -76,800,000 | -25,200,000 | -46,500,000 | -67,700,000 | -19,707,000 | -19,025,000 | -17,170,000 | -9,139,000 | -9,180,000 | -4,478,000 | -10,203,000 | ||||||||||||||||||||||
business acquisitions, net of cash acquired | 0 | -20,100,000 | -1,500,000 | 0 | 0 | 0 | -3,700,000 | 0 | -2,000,000 | -394,600,000 | -22,000,000 | 0 | -200,000 | -12,100,000 | -760,900,000 | -1,600,000 | -26,700,000 | -69,600,000 | -20,500,000 | -2,500,000 | -8,700,000 | 0 | -200,000 | -1,900,000 | -16,600,000 | |||||||||||||||||||||||||||||||||||||||||||
capital contributions to investments | -16,200,000 | -19,200,000 | -112,900,000 | -19,400,000 | -28,200,000 | -23,600,000 | -17,400,000 | -22,600,000 | -20,600,000 | -33,400,000 | -32,800,000 | -25,000,000 | -20,900,000 | -84,900,000 | -36,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of capital from investments | 14,500,000 | 22,700,000 | 4,900,000 | 4,900,000 | 4,700,000 | 3,900,000 | 5,700,000 | 2,200,000 | 8,800,000 | 3,500,000 | 9,200,000 | 5,300,000 | 6,000,000 | 7,500,000 | 5,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of controlling interest, net of cash acquired | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -51,200,000 | -47,600,000 | -152,800,000 | -97,800,000 | -64,900,000 | -99,800,000 | -54,300,000 | -70,000,000 | -59,700,000 | -86,700,000 | -74,000,000 | -95,300,000 | -84,700,000 | 30,900,000 | -94,000,000 | -489,800,000 | -102,200,000 | -116,000,000 | -97,800,000 | -46,400,000 | -14,800,000 | -18,900,000 | -90,500,000 | -55,600,000 | -852,400,000 | -50,700,000 | -91,000,000 | -133,200,000 | -63,500,000 | -23,700,000 | -60,000,000 | -47,000,000 | -35,200,000 | -41,000,000 | -43,500,000 | -184,600,000 | -418,300,000 | -14,800,000 | -184,300,000 | -53,153,000 | -78,236,000 | -226,340,000 | -31,587,000 | 69,906,000 | -102,423,000 | -16,980,000 | -41,379,000 | -38,267,000 | -22,020,000 | -107,880,000 | -37,389,000 | -45,960,000 | -63,670,000 | -159,341,000 | -21,963,000 | -11,873,000 | ||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings under credit facility | 4,857,000,000 | 3,251,000,000 | 2,232,000,000 | 2,014,000,000 | 1,316,000,000 | 1,953,000,000 | 2,760,000,000 | 1,715,000,000 | 1,491,000,000 | 1,810,000,000 | 2,668,000,000 | 1,804,000,000 | 1,696,000,000 | 1,712,000,000 | 2,348,000,000 | 1,662,000,000 | 1,059,000,000 | 1,131,000,000 | 1,242,000,000 | 813,000,000 | 971,000,000 | 878,000,000 | 2,555,000,000 | 1,159,000,000 | 2,160,000,000 | 1,266,000,000 | 1,279,000,000 | 634,000,000 | 731,000,000 | 855,000,000 | 925,000,000 | 594,000,000 | 622,000,000 | 699,000,000 | 1,157,000,000 | 615,000,000 | 837,000,000 | 629,000,000 | 1,064,000,000 | 784,000,000 | 434,000,000 | 324,000,000 | 631,000,000 | 350,000,000 | 307,000,000 | 397,000,000 | 610,000,000 | 339,045,000 | ||||||||||||||||||||
repayments of borrowings under credit facility | -5,051,000,000 | -3,291,000,000 | -1,912,000,000 | -2,259,000,000 | -2,246,000,000 | -2,073,000,000 | -1,990,000,000 | -2,690,000,000 | -1,741,000,000 | -2,060,000,000 | -1,793,000,000 | -2,179,000,000 | -1,471,000,000 | -1,462,000,000 | -1,373,000,000 | -1,737,000,000 | -1,184,000,000 | -1,131,000,000 | -892,000,000 | -1,213,000,000 | -1,271,000,000 | -1,628,000,000 | -1,630,000,000 | -1,759,000,000 | -1,534,900,000 | -1,291,000,000 | -754,100,000 | -874,000,000 | -906,000,000 | -765,000,000 | -600,000,000 | -1,044,000,000 | -847,000,000 | -1,199,000,000 | -907,000,000 | -776,000,000 | -562,000,000 | -573,200,000 | -544,800,000 | |||||||||||||||||||||||||||||
proceeds from issuance of commercial paper | 970,000,000 | 525,000,000 | 1,000,000,000 | 110,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of commercial paper | -1,271,000,000 | -735,000,000 | -300,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments of short-term borrowings | 33,900,000 | 19,300,000 | -67,200,000 | -57,600,000 | 3,300,000 | -18,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of deferred business acquisition obligations and earn-outs | -3,700,000 | -7,800,000 | -600,000 | -2,300,000 | -200,000 | -1,800,000 | -3,100,000 | -4,000,000 | -800,000 | -8,200,000 | -13,600,000 | -2,200,000 | -1,200,000 | -3,200,000 | -6,000,000 | -5,400,000 | -4,000,000 | -33,300,000 | -21,000,000 | -15,500,000 | -9,800,000 | -9,300,000 | -9,800,000 | -37,500,000 | -13,200,000 | -2,100,000 | -24,500,000 | -9,300,000 | -21,500,000 | -15,500,000 | -10,800,000 | -5,800,000 | -18,000,000 | -13,100,000 | -10,100,000 | -7,300,000 | -16,000,000 | -28,500,000 | -2,100,000 | |||||||||||||||||||||||||||||
repurchase of common stock | -70,300,000 | -40,200,000 | -19,700,000 | -20,300,000 | -20,000,000 | -20,400,000 | -20,000,000 | -22,200,000 | -19,900,000 | -4,600,000 | -148,900,000 | -297,700,000 | -150,000,000 | -153,800,000 | -151,600,000 | -50,000,000 | -25,000,000 | 0 | -25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest (distributions) contributions | -500,000 | -6,900,000 | -1,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -544,700,000 | -283,200,000 | 900,700,000 | -800,200,000 | -217,600,000 | -136,800,000 | 703,400,000 | -605,500,000 | -272,700,000 | -271,400,000 | 775,300,000 | -513,600,000 | -100,800,000 | -205,200,000 | 806,500,000 | -183,100,000 | -275,400,000 | -62,000,000 | 376,700,000 | -527,400,000 | -357,900,000 | -769,200,000 | 883,300,000 | -610,000,000 | 647,100,000 | -45,300,000 | 592,800,000 | -313,800,000 | -210,700,000 | 41,400,000 | 341,800,000 | -458,100,000 | -249,600,000 | -132,700,000 | 216,900,000 | -142,900,000 | 301,800,000 | -62,800,000 | 540,300,000 | 31,324,000 | -95,377,000 | -57,761,000 | 313,381,000 | -145,483,000 | -61,895,000 | 290,147,000 | -97,434,000 | -26,533,000 | 303,544,000 | -100,577,000 | -26,845,000 | 160,137,000 | 77,820,000 | -165,924,000 | -69,289,000 | -53,715,000 | 178,168,000 | -155,774,000 | -95,415,000 | -117,712,000 | -169,578,000 | -130,084,000 | 2,101,000 | 248,172,000 | -84,798,000 | -51,748,000 | ||
effect of currency exchange rate changes on cash, cash equivalents and restricted cash | -4,300,000 | 23,800,000 | 11,700,000 | -26,200,000 | 12,900,000 | -5,000,000 | -9,700,000 | 15,900,000 | -13,400,000 | -700,000 | 4,500,000 | 24,300,000 | -26,000,000 | -30,900,000 | -6,700,000 | -3,700,000 | -7,600,000 | 2,700,000 | -12,400,000 | 19,100,000 | 10,800,000 | 6,000,000 | -21,100,000 | |||||||||||||||||||||||||||||||||||||||||||||
net change in cash, cash equivalents and restricted cash | 16,900,000 | 25,800,000 | -8,000,000 | 3,100,000 | -8,000,000 | 32,300,000 | -38,100,000 | 69,800,000 | -20,100,000 | -121,800,000 | -10,500,000 | 17,200,000 | -74,000,000 | -28,200,000 | -10,600,000 | 85,500,000 | 71,200,000 | 40,400,000 | -195,300,000 | 196,900,000 | 45,900,000 | -280,700,000 | 225,600,000 | 78,300,000 | 15,000,000 | -26,400,000 | -49,000,000 | -13,100,000 | -8,000,000 | 25,200,000 | ||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of the period | 0 | 0 | 652,700,000 | 0 | 0 | 663,400,000 | 0 | 0 | 746,000,000 | 0 | 0 | 841,600,000 | 0 | 0 | 839,800,000 | 0 | 0 | 652,100,000 | 0 | 0 | 634,200,000 | 0 | 0 | 471,700,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of the period | 16,900,000 | 25,800,000 | 644,700,000 | -8,000,000 | 32,300,000 | 625,300,000 | -20,100,000 | -121,800,000 | 735,500,000 | -74,000,000 | -28,200,000 | 831,000,000 | 71,200,000 | 40,400,000 | 644,500,000 | 45,900,000 | -280,700,000 | 877,700,000 | 15,000,000 | -26,400,000 | 585,200,000 | -13,100,000 | -8,000,000 | 496,900,000 | ||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash, beginning of period | 100,000 | -100,000 | 236,500,000 | 0 | 0 | 253,400,000 | 0 | 0 | 226,700,000 | 0 | 0 | 247,900,000 | 0 | 0 | 265,500,000 | 0 | 0 | 200,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash, end of period | -10,600,000 | 56,800,000 | 212,300,000 | -21,400,000 | 4,600,000 | 228,600,000 | -7,100,000 | -38,900,000 | 250,100,000 | 4,600,000 | -20,400,000 | 255,200,000 | 29,300,000 | 3,000,000 | 187,900,000 | 19,400,000 | 26,500,000 | 157,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 22,800,000 | 43,000,000 | 19,300,000 | 41,600,000 | 29,900,000 | 52,600,000 | 22,900,000 | 39,200,000 | 40,500,000 | 41,200,000 | 23,900,000 | 33,100,000 | 14,800,000 | 20,900,000 | 5,500,000 | 14,300,000 | 4,600,000 | 15,400,000 | 4,500,000 | 15,200,000 | 6,000,000 | 19,700,000 | 9,300,000 | 21,800,000 | 13,600,000 | 18,800,000 | 4,300,000 | 16,100,000 | 12,400,000 | 13,600,000 | 7,100,000 | 14,000,000 | 8,700,000 | 16,900,000 | 8,000,000 | 10,500,000 | 7,800,000 | 12,100,000 | 4,400,000 | 9,390,000 | 2,330,000 | 8,580,000 | 1,400,000 | 7,850,000 | 2,530,000 | 8,750,000 | 1,030,000 | 8,690,000 | 3,730,000 | 8,610,000 | 1,820,000 | 1,210,000 | 3,460,000 | 3,170,000 | 2,100,000 | 3,010,000 | 5,270,000 | 5,130,000 | 3,840,000 | 4,660,000 | 6,720,000 | 2,157,000 | -2,209,000 | 5,904,000 | 4,299,000 | 2,548,000 | 1,081,000 | 1,551,000 |
income taxes, net of refunds | 49,300,000 | 123,100,000 | 31,000,000 | 41,500,000 | 52,900,000 | 149,200,000 | 41,300,000 | 32,100,000 | 23,300,000 | 68,300,000 | 34,800,000 | 37,600,000 | 82,100,000 | 124,500,000 | 77,100,000 | 86,800,000 | 60,900,000 | 84,300,000 | 30,500,000 | 36,900,000 | 53,100,000 | 4,100,000 | 44,400,000 | 62,000,000 | 98,600,000 | 82,700,000 | 37,500,000 | 45,400,000 | 57,400,000 | 16,500,000 | 34,100,000 | 32,100,000 | 42,200,000 | 39,600,000 | 30,800,000 | 31,800,000 | 36,700,000 | 43,800,000 | 31,300,000 | 58,011,000 | 26,831,000 | 35,815,000 | 34,909,000 | 23,294,000 | 16,694,000 | 30,157,000 | 18,314,000 | 22,655,000 | 19,918,000 | 24,278,000 | 18,100,000 | 11,754,000 | 26,618,000 | 14,589,000 | 12,627,000 | 18,282,000 | 11,151,000 | 8,114,000 | 1,552,000 | 20,578,000 | 11,354,000 | 7,954,000 | 6,444,000 | 8,809,000 | 5,861,000 | 12,892,000 | 4,128,000 | |
operating leases | 51,300,000 | 50,900,000 | 48,700,000 | 50,500,000 | 50,400,000 | 49,900,000 | 48,700,000 | 48,200,000 | 50,200,000 | 49,000,000 | 47,200,000 | 44,100,000 | 46,000,000 | 47,500,000 | 44,000,000 | 48,500,000 | 49,600,000 | 49,600,000 | 49,000,000 | 49,400,000 | 48,400,000 | 46,500,000 | 47,100,000 | 43,500,000 | 44,400,000 | 42,200,000 | 41,100,000 | |||||||||||||||||||||||||||||||||||||||||
non-cash activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisitions | 0 | 0 | 2,500,000 | 0 | 3,300,000 | 0 | 2,000,000 | 37,300,000 | 27,500,000 | 0 | 3,800,000 | -325,600,000 | -16,500,000 | -76,500,000 | -11,474,000 | -210,152,000 | -12,375,000 | -79,820,000 | -6,939,000 | -26,532,000 | -4,960,000 | -14,215,000 | ||||||||||||||||||||||||||||||||||||||||||||||
deferred business acquisition obligations | 0 | 8,800,000 | 100,000 | 0 | 1,700,000 | 0 | 1,400,000 | 10,500,000 | 0 | 0 | 6,500,000 | 2,000,000 | 0 | 0 | 0 | 1,800,000 | 9,600,000 | 23,700,000 | 5,900,000 | 23,500,000 | 8,948,000 | 9,105,000 | 4,627,000 | 451,000 | 9,574,000 | 3,000,000 | 2,283,000 | 9,912,000 | -12,059,000 | 13,059,000 | 5,995,000 | 0 | 141,619,000 | 1,907,000 | 0 | 0 | 34,868,000 | 2,109,000 | ||||||||||||||||||||||||||||||
noncontrolling interest distributions | -2,900,000 | -1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on the disposition of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net investment asset activity | 2,400,000 | -4,600,000 | 149,000,000 | -12,000,000 | -17,100,000 | -12,000,000 | -4,600,000 | -37,200,000 | 11,200,000 | -2,500,000 | -4,500,000 | -3,200,000 | -11,600,000 | -48,400,000 | -3,600,000 | -15,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from (repayments of) short-term borrowings | 31,400,000 | 12,800,000 | 10,800,000 | 36,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares repurchased for payment of employee taxes on stock awards | -21,035,000 | -76,000 | -9,083,000 | -13,431,000 | -50,000 | -5,856,000 | -6,533,000 | -17,140,000 | 104,000 | -252,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deconsolidation of variable interest entity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of the year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of the year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash, beginning of the year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash, end of the year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the year for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash consideration received for disposition | 0 | 0 | 0 | 0 | 0 | 23,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on dispositions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest contributions (distributions) | 2,700,000 | -20,600,000 | 25,600,000 | 1,947,000 | 3,469,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest contributions | 0 | -2,700,000 | 3,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (repayments of) proceeds from short-term borrowings | 21,600,000 | 14,900,000 | -27,400,000 | -47,200,000 | -12,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on dispositions | -1,300,000 | 0 | -135,200,000 | 400,000 | -11,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | -18,700,000 | -13,000,000 | -4,300,000 | -135,500,000 | 16,200,000 | 44,400,000 | 34,400,000 | -4,200,000 | 2,500,000 | 4,000,000 | -2,700,000 | -28,810,000 | 10,839,000 | 16,101,000 | 21,683,000 | 3,562,000 | 16,841,000 | 158,000 | 7,497,000 | -38,676,000 | 13,689,000 | 3,743,000 | 11,974,000 | -11,018,000 | 8,958,000 | 2,223,000 | 5,294,000 | -15,389,000 | -7,435,000 | -31,481,000 | 7,426,000 | -3,463,000 | -1,170,000 | 4,185,000 | 983,000 | |||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 42,000,000 | -123,200,000 | -93,300,000 | 275,500,000 | -51,100,000 | -158,400,000 | -181,200,000 | 260,100,000 | -6,000,000 | -76,500,000 | -189,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from short-term borrowings | -62,300,000 | 6,600,000 | -17,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity earnings | 21,600,000 | -500,000 | -53,600,000 | -18,500,000 | -102,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss on the disposition of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of earnings from real estate ventures | 14,000,000 | 10,000,000 | 4,200,000 | 400,000 | 1,300,000 | 1,700,000 | 5,100,000 | 3,600,000 | 9,000,000 | 5,900,000 | 3,100,000 | 3,000,000 | 29,300,000 | 11,100,000 | 6,500,000 | 12,600,000 | 6,100,000 | 7,100,000 | 5,300,000 | 11,800,000 | 6,500,000 | 6,400,000 | 11,600,000 | 6,400,000 | 9,987,000 | 30,952,000 | 8,593,000 | 1,683,000 | 3,738,000 | 6,156,000 | 9,138,000 | 489,000 | ||||||||||||||||||||||||||||||||||||
capital contributions to real estate ventures | -48,800,000 | -54,900,000 | -43,600,000 | -33,800,000 | -17,100,000 | -8,300,000 | -900,000 | -54,000,000 | -72,100,000 | -30,000,000 | -24,600,000 | -11,000,000 | -20,500,000 | -17,700,000 | -11,900,000 | -8,700,000 | -13,100,000 | -5,200,000 | -12,300,000 | -9,500,000 | -17,900,000 | -15,500,000 | -2,700,000 | -60,300,000 | ||||||||||||||||||||||||||||||||||||||||||||
distributions of capital from real estate ventures | 34,900,000 | 25,600,000 | 9,500,000 | 4,000,000 | 11,000,000 | 5,800,000 | 11,300,000 | 13,400,000 | 89,400,000 | 4,600,000 | 12,200,000 | 7,600,000 | 11,500,000 | 12,900,000 | 11,400,000 | 16,100,000 | 19,800,000 | 3,000,000 | 11,700,000 | 10,200,000 | 15,000,000 | 14,000,000 | 6,500,000 | 22,800,000 | 8,299,000 | 20,631,000 | 6,166,000 | 14,141,000 | 13,187,000 | 26,697,000 | 15,243,000 | 7,285,000 | ||||||||||||||||||||||||||||||||||||
payment of dividends | -22,800,000 | 0 | -18,900,000 | 0 | -17,000,000 | 0 | -15,200,000 | 0 | 1,000 | -3,000 | -1,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss on dispositions | 100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity (earnings) losses | -40,800,000 | -48,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the disposition of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other adjustments | 49,900,000 | 56,700,000 | 132,200,000 | 61,300,000 | 70,400,000 | 37,500,000 | 53,600,000 | 31,000,000 | 29,700,000 | 33,800,000 | 37,100,000 | 51,600,000 | 51,200,000 | 22,200,000 | 37,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in working capital | 221,600,000 | 425,300,000 | -699,500,000 | 35,100,000 | -116,400,000 | -613,200,000 | 66,800,000 | -156,600,000 | -343,500,000 | 182,100,000 | 77,000,000 | -287,600,000 | 25,100,000 | -74,100,000 | -406,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows used in operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows used in investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) losses on mortgage servicing rights and derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of senior notes | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued under compensation plans including tax benefit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of currency exchange rate changes on cash and cash equivalents | -11,300,000 | 1,200,000 | 700,000 | 1,000,000 | -6,500,000 | -16,400,000 | 2,000,000 | 1,700,000 | 1,900,000 | 2,800,000 | 4,100,000 | -8,800,000 | 300,000 | -3,200,000 | 4,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash, end of the period | 24,000,000 | -48,100,000 | 195,700,000 | -47,300,000 | -8,000,000 | 204,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisitions, including contingent consideration | 841,200,000 | 0 | 1,500,000 | 1,000,000 | 0 | 1,700,000 | 800,000 | 1,100,000 | 9,600,000 | 43,300,000 | 14,900,000 | 32,300,000 | 23,496,000 | 4,117,000 | 9,279,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
equity earnings from real estate ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of investment properties | -12,200,000 | 0 | 0 | -34,900,000 | -36,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of assets | 8,500,000 | 0 | 7,100,000 | 17,200,000 | 564,000 | 0 | 0 | 6,813,000 | -133,000 | 2,363,000 | 2,040,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in cash and cash equivalents | -9,900,000 | 27,600,000 | 27,200,000 | -35,400,000 | 30,100,000 | 14,700,000 | -26,700,000 | 23,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of the year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of the year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisitions, contingent consideration | 6,175,000 | 2,937,000 | 3,149,000 | 4,464,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital leases | 1,900,000 | 200,000 | 1,900,000 | 100,000 | 1,900,000 | 2,200,000 | 1,400,000 | 4,300,000 | 1,564,000 | 775,000 | 1,759,000 | 2,622,000 | 1,442,000 | 1,504,000 | 10,674,000 | 7,570,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
deconsolidation of investment properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deconsolidation of noncontrolling interest and related debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred compensation | 5,494,000 | 5,110,000 | 5,392,000 | 6,709,000 | 4,322,000 | 4,745,000 | 4,942,000 | 6,233,000 | 4,555,000 | 5,073,000 | 5,542,000 | 7,533,000 | 9,853,000 | 5,897,000 | 8,219,000 | 10,033,000 | 14,115,000 | 7,400,000 | 8,058,000 | 11,657,000 | 13,008,000 | 8,108,000 | 26,864,000 | 17,625,000 | 9,954,000 | 9,135,000 | 7,842,000 | 16,261,000 | 4,584,000 | |||||||||||||||||||||||||||||||||||||||
accounts payable, accrued liabilities, and accrued compensation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of the period | 0 | 0 | 258,500,000 | 0 | 0 | 216,600,000 | 0 | 0 | 250,413,000 | 0 | 0 | 152,726,000 | 0 | 0 | 0 | 152,159,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of the period | 27,600,000 | 27,200,000 | 223,100,000 | 14,700,000 | -26,700,000 | 240,400,000 | 2,465,000 | -7,457,000 | 198,491,000 | 11,860,000 | 10,560,000 | 140,148,000 | 33,022,000 | -2,147,000 | -11,619,000 | 133,470,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on the disposition of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interest | 49,000 | 412,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of interest on deferred business acquisition obligations | 628,000 | 605,000 | 731,000 | 979,000 | 1,417,000 | 1,148,000 | 1,561,000 | 1,134,000 | 2,187,000 | 1,819,000 | 1,946,000 | 1,885,000 | 4,289,000 | 4,712,000 | 5,462,000 | 5,040,000 | 6,455,000 | 5,732,000 | 6,161,000 | 6,060,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs | 1,048,000 | 1,049,000 | 1,069,000 | 945,000 | 906,000 | 893,000 | 920,000 | 907,000 | 907,000 | 1,177,000 | 1,176,000 | 1,177,000 | 1,077,000 | 1,078,000 | 1,114,000 | 1,115,000 | 1,115,000 | 1,544,000 | 1,544,000 | 1,544,000 | 1,544,000 | 1,544,000 | 141,000 | 149,000 | 154,000 | 148,000 | 217,000 | 304,000 | 206,000 | |||||||||||||||||||||||||||||||||||||||
excess tax benefit from share-based payment arrangements | -13,268,000 | 4,754,000 | 597,000 | 1,106,000 | -12,492,000 | 76,000 | -5,108,000 | -4,870,000 | -128,000 | -582,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued liabilities and accrued compensation | 337,155,000 | 38,498,000 | -8,676,000 | -251,884,000 | 244,835,000 | 103,701,000 | 46,710,000 | -247,671,000 | 198,942,000 | 54,298,000 | 287,377,000 | 110,534,000 | 129,012,000 | -145,166,000 | 179,509,000 | 56,175,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | 0 | -155,000 | -110,000 | -11,385,000 | 1,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax adjustment from share-based payment arrangements | 300,000 | 5,802,000 | 1,617,000 | 1,942,000 | 158,000 | 2,873,000 | 274,000 | 274,000 | 12,492,000 | -76,000 | 5,108,000 | 4,870,000 | 128,000 | 582,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued under option and stock purchase programs | 574,000 | 4,154,000 | 401,000 | 55,000 | 169,000 | 376,000 | 1,715,000 | 133,000 | 193,000 | 136,000 | 837,000 | 89,000 | 238,000 | 833,000 | 80,000 | 211,000 | 696,000 | 172,000 | 97,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
capital lease payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other loan (payments) proceeds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 87,845,000 | 98,783,000 | 180,180,000 | -9,543,000 | 12,652,000 | 30,408,000 | 16,552,000 | 1,845,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sale of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of redeemable noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on capital lease obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of deferred business acquisition obligations | -150,037,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -5,336,000 | -150,946,000 | 4,690,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other loan proceeds | 448,000 | 0 | 3,980,000 | 14,297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating distributions from real estate ventures | 2,907,000 | 4,553,000 | 2,560,000 | 3,652,000 | 38,000 | 517,000 | 0 | 38,000 | 75,000 | 75,000 | 968,000 | 2,258,000 | 2,612,000 | 12,370,000 | 261,000 | 4,859,000 | 201,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
capital contributions and advances to real estate ventures | -53,727,000 | -4,092,000 | -7,865,000 | -14,743,000 | -3,408,000 | -10,537,000 | -13,338,000 | -6,963,000 | -18,676,000 | -3,389,000 | -23,340,000 | -35,386,000 | -7,000 | -9,927,000 | -4,186,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions, repayments of advances and sale of investments | 6,933,000 | 3,271,000 | 12,076,000 | 5,349,000 | 6,672,000 | 6,929,000 | 5,823,000 | 10,842,000 | 1,279,000 | 2,547,000 | 168,000 | -91,000 | 106,000 | 494,000 | 1,224,000 | 7,186,000 | 7,948,000 | 1,417,000 | 5,841,000 | 1,794,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest distribution | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings from real estate ventures | -736,000 | 201,000 | -773,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings under credit facilities | 542,926,000 | 639,065,000 | 285,837,000 | 413,651,000 | 660,785,000 | 190,317,000 | 198,015,000 | 198,948,000 | 268,569,000 | 495,270,000 | 146,732,000 | 230,183,000 | 684,578,000 | 175,954,000 | 131,187,000 | 162,418,000 | 421,672,000 | 124,692,000 | 64,185,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
repayments of borrowings under credit facilities | -378,600,000 | -282,000,000 | -492,100,000 | -96,000,000 | -254,000,000 | -248,499,000 | -318,501,000 | -312,000,000 | -297,781,000 | -319,019,000 | -757,420,000 | -303,074,000 | -254,101,000 | -144,429,000 | -185,924,000 | -176,980,000 | -120,476,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
equity (earnings) losses from real estate ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on investments and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from loss on receivables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits from share-based payment arrangements | -408,000 | -1,506,000 | -16,451,000 | 852,000 | -8,876,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net capital additions—property and equipment | -17,877,000 | -9,096,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisition payments, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activities—real estate ventures: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital contributions and advances | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions and repayments of advances | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of deferred business acquisition obligations | -12,602,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares repurchased for payment of taxes on stock awards | -1,576,000 | -8,501,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued under stock option plan and stock purchase programs | 1,573,000 | 2,846,000 | 5,118,000 | 12,540,000 | 13,492,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of dividends | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, january 1 | 0 | 0 | 0 | 251,897,000 | 0 | 0 | 0 | 69,263,000 | 0 | 0 | 0 | 0 | 0 | 0 | 28,658,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, december 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision recorded for potential earn-out obligations | 11,699,000 | 2,032,000 | 991,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (earnings) losses from real estate ventures | -514,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisition payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses (gains) on investments and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | -351,000 | -142,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on investments | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, september 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, june 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows used for operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in losses from real estate ventures | 1,971,000 | 442,000 | 2,013,000 | 2,797,000 | 6,127,000 | 4,959,000 | 944,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows used for investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, march 31 | 100,951,000 | 59,720,000 | 30,503,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in losses (earnings) from real estate ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on investments and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares repurchased under share repurchase program | -29,618,000 | -35,063,000 | -9,327,000 | -11,622,000 | -8,740,000 | -30,867,000 | -448,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of net income to net cash used by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest, net of tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of change in accounting principle, net of tax | 0 | 0 | 0 | -1,180,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investments | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of net income to net cash operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued compensation and other accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciling net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of available-for-sale securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of net income to net cash from earnings: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from earnings: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from earnings | 116,977,000 | 48,569,000 | 90,434,000 | 25,354,000 | 91,176,000 | 31,881,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from changes in working capital: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flows from changes in working capital | 106,542,000 | 137,656,000 | -35,489,000 | -112,340,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net capital additions - property and equipment | -15,591,000 | -20,134,000 | -8,401,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of available-for-sale securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other acquisitions and investments, net of cash acquired and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transaction costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activities - real estate ventures: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of senior notes, net of costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued under stock option plan and stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase programs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared but not paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisition | -152,350,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets, net and income tax receivables and payables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows used in financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes, net of refunds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings from unconsolidated ventures | -2,366,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash flow uses from changes in working capital | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other acquisitions and investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in real estate ventures: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of change in accounting principle | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock compensation expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets and income tax refund receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of euro notes, net of costs |
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.
