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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 11,430 $ 38,952
Adjustments to reconcile net income to net cash provided by (used in) operating activities-    
Depreciation 14,210 12,379
Amortization 25,520 22,018
Amortization of original issue discount 0 1,556
Asset impairment 24,436 415
Loss on short-term investments and other 20 32
Loss on derivative liability upon debt conversion 7,456 0
Deferred income taxes (7,816) 6,434
Stock-based compensation 12,117 10,417
Changes in operating assets and liabilities, net of acquired amounts:    
Trade accounts receivable, net (8,638) 1,128
Other current and non-current assets and liabilities (16,098) (7,623)
Income taxes payable/receivable (13,157) (11,620)
Trade accounts payable and accrued liabilities (65,537) (29,817)
Deferred revenue 2,792 (2,042)
Net cash provided by (used in) operating activities (13,265) 42,229
Cash flows from investing activities:    
Purchases of software, property and equipment (19,647) (15,158)
Purchases of short-term investments 0 (46,195)
Proceeds from sale/maturity of short-term investments 26,755 49,419
Acquisition of and investments in business, net of cash acquired 0 (12,097)
Net cash provided by (used in) investing activities 7,108 (24,031)
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,423 1,335
Payment of cash dividends (17,200) (16,654)
Repurchase of common stock (45,113) (18,792)
Proceeds from long-term debt 245,000 0
Payments on long-term debt (246,051) (6,563)
Settlement and merchant reserve activity 26,754 (23,967)
Net cash used in financing activities (35,187) (64,641)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (3,328) (1,835)
Net decrease in cash, cash equivalents and restricted cash (44,672) (48,278)
Cash, cash equivalents and restricted cash, beginning of period 391,902 354,730
Cash, cash equivalents and restricted cash, end of period 347,230 306,452
Cash paid during the period for-    
Interest 8,323 6,370
Income taxes 23,324 20,540
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 133,770 163,768
Settlement and merchant reserve assets 213,460 142,684
Total cash, cash equivalents and restricted cash $ 347,230 $ 306,452