XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 102.3 $ 81.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Total adjustments to EBITDA 73.3 81.4
Game software development amortization 13.5 11.7
Acquisition expense, net 1.7 4.9
Distributed earnings from equity investments 11.7 12.3
Earnings from equity investments, net (22.7) (13.5)
Stock-based compensation 17.5 14.3
Deferred income taxes (13.0) 0.5
Big Fish Games earnout payment (2.5) (19.7)
Other 1.0 1.6
Increase (decrease) in cash resulting from changes in operating assets and liabilities, net of business acquisitions and dispositions:    
Other current assets and liabilities (0.8) 11.7
Increase (Decrease) in Software Development (17.1) (16.3)
Income taxes 24.5 28.1
Deferred revenue (27.4) (7.5)
Other assets and liabilities 2.2 (1.8)
Net cash provided by operating activities 164.2 189.0
Cash flows from investing activities:    
Capital maintenance expenditures (26.7) (24.2)
Capital project expenditures (62.4) (19.9)
Acquisition of gaming licenses (2.3) (2.5)
Acquisition of a business (23.1) 0.0
Receivable from escrow 13.6 0.0
Investment in unconsolidated affiliates (24.0) 0.0
Other 0.3 0.4
Net cash used in investing activities (124.6) (46.2)
Cash flows from financing activities:    
Borrowings on bank line of credit 769.1 564.7
Repayments of bank line of credit (567.7) (427.2)
Big Fish Games earnout payment (31.7) (261.9)
Payment of dividends (21.8) (19.1)
Repurchase of common stock (181.1) (20.0)
Common stock issued 2.1 2.2
Loan origination fees and debit issuance costs 0.0 (1.4)
Other (0.6) 2.7
Net cash used in financing activities (31.7) (160.0)
Net increase (decrease) in cash and cash equivalents 7.9 (17.2)
Effect of exchange rate changes on cash 1.2 (0.4)
Cash and cash equivalents, beginning of period 48.7 74.5
Cash and cash equivalents, end of period 57.8 56.9
Cash paid during the period for:    
Interest 25.4 21.8
Income taxes 48.0 21.6
Schedule of non-cash investing and financing activities:    
Issuance of common stock in connection with the Company's restricted stock plans 18.5 18.8
Property and equipment additions included in accounts payable and accrued expenses $ 5.6 $ 0.0