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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net income $ 68,069 $ 210,161
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 63,680 58,432
Amortization of debt issue costs and accretion of discount 1,795 1,187
Operating lease amortization 4,619 4,576
Unrealized loss on foreign currency hedge 29,225 0
Unrealized gain on change in fair value of equity securities (104) 0
(Release) provision for expected credit losses and sundry losses (305) 3,363
Deferred tax benefit (16,491) (1,699)
Share-based compensation 18,812 14,740
Gain on sale of a business 0 (135,642)
Loss on disposition of property and equipment 789 4,691
Earnings of equity method investment (3,828) (2,120)
Dividend received from equity method investment 3,497 2,053
Loss on foreign currency remeasurement 7,337 6,858
Decrease (increase) in assets:    
Accounts receivable, net (4,590) 3,503
Prepaid expenses and other assets (11,181) (3,417)
Other long-term assets (1,013) (4,389)
(Decrease) increase in liabilities:    
Accrued liabilities and accounts payable 17,387 468
Income tax payable (9,108) 2,921
Contract liability (1,146) 1,344
Operating lease liabilities (3,739) (4,450)
Other long-term liabilities (247) (3,571)
Total adjustments 95,389 (51,152)
Net cash provided by operating activities 163,458 159,009
Cash flows from investing activities    
Additions to software (34,193) (28,287)
Acquisition of customer relationship 0 (10,607)
Property and equipment acquired (16,429) (16,313)
Proceeds from sales of property and equipment 23 77
Acquisition of available-for-sale debt securities (962) (254)
Purchase of equity securities (26,505) 0
Investment in equity investee (5,500) 0
Purchase of certificates of deposit 0 (7,264)
Proceeds from maturities of available-for-sale debt securities 1,048 1,015
Acquisitions, net of cash acquired (22,915) (44,369)
Net cash used in investing activities (105,433) (106,002)
Cash flows from financing activities    
Withholding taxes paid on share-based compensation (5,956) (5,685)
Net decrease in short-term borrowings (14,000) 0
Repayment of short-term borrowings for purchase of equipment and software 0 (901)
Dividends paid (9,735) (10,515)
Repurchase of common stock (23,598) (72,532)
Repayment of long-term debt (15,563) (9,875)
Net cash used in financing activities (68,852) (99,508)
Effect of foreign exchange rate on cash, cash equivalents and restricted cash 10,716 4,260
Net decrease in cash, cash equivalents and restricted cash (111) (42,241)
Cash, cash equivalents, restricted cash and cash included in settlement assets at beginning of the period 215,657 285,917
Cash, cash equivalents, restricted cash, and cash included in settlement assets at end of the period 215,546 243,676
Reconciliation of cash, cash equivalents, restricted cash and cash included in settlement assets    
Cash and cash equivalents 177,821 216,357
Restricted cash 20,607 18,705
Cash and cash equivalents included in settlement assets 17,118 8,614
Cash, cash equivalents, restricted cash and cash included in settlement assets 215,546 243,676
Supplemental disclosure of cash flow information:    
Cash paid for interest 16,737 18,523
Cash paid for income taxes 29,692 24,386
Supplemental disclosure of non-cash activities:    
Payable due to vendor related to licenses acquired 4,207 0
Non-cash investing activities    
Software exchanged for common stock 0 18,761
Goodwill exchanged for common stock 0 5,813
CDs transferred in the acquisition of a business 0 7,169
Non-cash financing activities    
Payable due to vendor related to licenses acquired 7,911 0
Non-cash financing and investing activities    
Common stock received and retired for sale of a business $ 0 $ 169,249