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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 34,882 $ 11,430
Adjustments to reconcile net income to net cash provided by (used in) operating activities-    
Depreciation 11,506 14,210
Amortization 22,808 25,520
Asset impairment 1,689 24,436
Gain on lease modifications (3,812) 0
Loss on short-term investments and other 0 20
Loss on derivative liability upon debt conversion 0 7,456
Unrealized foreign currency transactions (gain)/loss, net 241 (805)
Deferred income taxes (4,673) (7,816)
Stock-based compensation 14,056 12,117
Changes in operating assets and liabilities, net of acquired amounts:    
Trade accounts receivable, net (7,789) (7,833)
Other current and non-current assets and liabilities (16,083) (16,098)
Income taxes payable/receivable (7,235) (13,157)
Trade accounts payable and accrued liabilities (26,853) (65,537)
Deferred revenue 9,046 2,792
Net cash provided by (used in) operating activities 27,783 (13,265)
Cash flows from investing activities:    
Purchases of software, property and equipment (16,428) (19,647)
Proceeds from sale/maturity of short-term investments 71 26,755
Net cash provided by (used in) investing activities (16,357) 7,108
Cash flows from financing activities:    
Proceeds from issuance of common stock 1,664 1,423
Payment of cash dividends (17,712) (17,200)
Repurchase of common stock (9,418) (45,113)
Deferred acquisition payments (1,220) 0
Proceeds from long-term debt 30,000 245,000
Payments on long-term debt (18,750) (246,051)
Settlement and merchant reserve activity (63,107) 26,754
Net cash used in financing activities (78,543) (35,187)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash 708 (3,328)
Net decrease in cash, cash equivalents, and restricted cash (66,409) (44,672)
Cash, cash equivalents and restricted cash, beginning of period 389,018 391,902
Cash, cash equivalents and restricted cash, end of period 322,609 347,230
Cash paid during the period for-    
Interest 14,672 8,323
Income taxes 23,720 23,324
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 146,212 133,770
Settlement and merchant reserve assets 176,397 213,460
Total cash, cash equivalents and restricted cash $ 322,609 $ 347,230