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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 6,113 $ 19,631
Adjustments to reconcile net income to net cash provided by operating activities-    
Depreciation 6,138 6,113
Amortization 13,870 10,737
Amortization of original issue discount 0 772
Asset impairment 10,705 102
Loss on short-term investments and other 15 15
Loss on derivative liability upon debt conversion 7,456 0
Deferred income taxes (55) 6,508
Stock-based compensation 5,581 5,395
Changes in operating assets and liabilities, net of acquired amounts:    
Trade accounts receivable, net 46 (23,874)
Other current and non-current assets and liabilities (6,069) (414)
Income taxes payable/receivable (1,735) (1,022)
Trade accounts payable and accrued liabilities (42,550) (28,101)
Deferred revenue (5,064) 1,914
Net cash used in operating activities (5,549) (2,224)
Cash flows from investing activities:    
Purchases of software, property and equipment (10,375) (8,239)
Purchases of short-term investments 0 (32,304)
Proceeds from sale/maturity of short-term investments 21,887 29,340
Acquisition of and investments in business, net of cash acquired 0 (648)
Net cash provided by (used in) investing activities 11,512 (11,851)
Cash flows from financing activities:    
Proceeds from issuance of common stock 650 619
Payment of cash dividends (8,885) (8,635)
Repurchase of common stock (23,660) (11,738)
Proceeds from long-term debt 245,000 0
Payments on long-term debt (244,176) (2,813)
Settlement and merchant reserve activity (23,543) (41,492)
Net cash used in financing activities (54,614) (64,059)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash 1,351 (851)
Net decrease in cash, cash equivalents and restricted cash (47,300) (78,985)
Cash, cash equivalents and restricted cash, beginning of period 391,902 354,730
Cash, cash equivalents and restricted cash, end of period 344,602 275,745
Cash paid during the period for-    
Interest 5,876 5,661
Income taxes 2,230 1,468
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 181,457 150,609
Settlement and merchant reserve assets 163,145 125,136
Total cash, cash equivalents and restricted cash $ 344,602 $ 275,745