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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 23,911 $ 55,082
Adjustments to reconcile net income to net cash provided by operating activities-    
Depreciation 21,817 18,604
Amortization 36,470 34,314
Amortization of original issue discount 0 2,350
Asset impairment 30,126 415
Loss on short-term investments and other 19 51
Loss on derivative liability upon debt conversion 7,456 0
Loss on extinguishment of debt 0 132
Loss on acquisition of controlling interest 0 6,180
Unrealized foreign currency transactions gains, net (1,700) (339)
Deferred income taxes (16,457) 2,188
Stock-based compensation 20,778 15,304
Changes in operating assets and liabilities, net of acquired amounts:    
Trade accounts receivable, net (22,026) (11,621)
Other current and non-current assets and liabilities (16,430) (13,912)
Income taxes payable/receivable (7,188) (6,111)
Trade accounts payable and accrued liabilities (67,053) (18,329)
Deferred revenue (150) 4,001
Net cash provided by operating activities 9,573 88,309
Cash flows from investing activities:    
Purchases of software, property and equipment (31,564) (22,531)
Purchases of short-term investments 0 (57,734)
Proceeds from sale/maturity of short-term investments 27,447 80,092
Acquisition of and investments in business, net of cash acquired 0 (51,111)
Net cash used in investing activities (4,117) (51,284)
Cash flows from financing activities:    
Proceeds from issuance of common stock 2,217 1,926
Payment of cash dividends (25,396) (24,653)
Repurchase of common stock (73,380) (25,568)
Deferred acquisition payments (1,959) 0
Proceeds from long-term debt 290,000 150,000
Payments on long-term debt (247,926) (126,563)
Payments of deferred financing costs 0 3,000
Settlement and merchant reserve activity (13,931) (7,735)
Net cash used in financing activities (70,375) (35,593)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (7,689) (1,872)
Net decrease in cash, cash equivalents and restricted cash (72,608) (440)
Cash, cash equivalents and restricted cash, beginning of period 391,902 354,730
Cash, cash equivalents and restricted cash, end of period 319,294 354,290
Cash paid during the period for-    
Interest 12,367 11,947
Income taxes 31,817 25,688
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 146,685 195,365
Settlement and merchant reserve assets 172,609 158,925
Total cash, cash equivalents and restricted cash $ 319,294 $ 354,290