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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2022
Cash flows from operating activities:      
Net income $ 172,561 $ 213,054 $ 330,845
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 77,966 68,335 63,521
Stock-based compensation expense 39,970 36,285 29,210
Impairment of right-of-use assets 1,629 5,471 7,392
Impairment of fixed assets 1,575 4,375 1,915
Provision for doubtful accounts 20,715 22,493 21,552
Gain on cash surrender value of life insurance policies (8,803) (10,576) (5,819)
(Gain) loss on marketable securities (29,848) (2,874) 11,978
Deferred income taxes (32,309) (14,403) (16,963)
Change in other assets and liabilities:      
Deferred compensation 65,402 52,291 27,197
Receivables due from clients 7,872 33,483 (138,627)
Income taxes and other receivables 13,669 (25,615) 3,969
Prepaid expenses and other assets (239) (5,884) (9,534)
Unearned compensation 7,923 11,904 (23,425)
Income taxes payable 2,617 (15,304) 12,751
Accounts payable and accrued liabilities (54,712) (27,821) 191,447
Other (2,027) (1,320) (5,751)
Net cash provided by operating activities 283,961 343,894 501,658
Cash flows from investing activities:      
Purchase of property and equipment (55,147) (70,382) (49,406)
Purchase of marketable securities (45,768) (53,530) (82,015)
Proceeds from sales/maturities of marketable securities 46,000 65,878 92,472
Proceeds from life insurance policies 16,272 4,376 3,382
Premium on company-owned life insurance policies (15,185) (15,219) (15,218)
Cash paid for acquisitions, net of cash acquired 0 (254,750) (133,802)
Dividends received from unconsolidated subsidiaries 0 150 255
Net cash used in investing activities (53,828) (323,477) (184,332)
Cash flows from financing activities:      
Dividends paid to shareholders (54,391) (32,971) (26,786)
Repurchases of common stock (53,162) (95,463) (96,258)
Payments of tax withholdings on restricted stock (10,732) (22,232) (18,532)
Proceeds from issuance of common stock in connection with an employee stock purchase plan 8,347 7,606 6,919
Dividends paid to noncontrolling interest (4,496) (4,721) (1,452)
Principal payments on finance leases (1,776) (1,639) (1,157)
Payments on life insurance policy loans (123) (2,760) (178)
Net cash used in financing activities (116,333) (152,180) (137,444)
Effect of exchange rate changes on cash and cash equivalents (16,819) (2,283) (52,590)
Net increase (decrease) in cash and cash equivalents 96,981 (134,046) 127,292
Cash and cash equivalents at beginning of year 844,024 978,070 850,778
Cash and cash equivalents at end of the year 941,005 844,024 978,070
Supplemental cash flow information:      
Cash used to pay interest 24,992 25,409 24,607
Cash used to pay income taxes, net of refunds $ 72,124 $ 134,741 $ 107,602

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