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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income (loss) $ 62,772 $ 5,335 $ (223,779)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 25,625 20,242 16,502
Amortization of intangibles 123,142 90,550 109,534
Operating lease expense 17,485 20,928 19,113
Asset impairment charges 0 101,749 421,090
Amortization of prepaid product discounts 31,784 29,235 24,055
Deferred income taxes 17,758 (5,456) (41,178)
Employee share-based compensation expense 29,477 21,824 19,702
Other non-cash items, net 17,196 25,692 13,344
Changes in assets and liabilities, net of effect of acquisitions:      
Trade accounts receivable (8,857) (2,709) 5,609
Inventories and supplies (1,842) (11,281) 4,843
Other current assets (15,574) 15,344 (10,568)
Payments for cloud computing arrangements (41,547) (19,426) 0
Other non-current assets (11,467) (6,367) (5,360)
Accounts payable 22,794 (9,518) 5,130
Prepaid product discount payments (40,920) (33,613) (25,637)
Other accrued and non-current liabilities (17,005) (24,976) (45,747)
Net cash provided by operating activities 210,821 217,553 286,653
Cash flows from investing activities:      
Purchases of capital assets (109,140) (62,638) (66,595)
Payments for acquisitions, net of cash, cash equivalents, restricted cash and restricted cash equivalents acquired (958,514) 0 (8,251)
Purchases of customer lists (2,759) (11,082) 0
Proceeds from sale of facilities 2,648 9,713 0
Purchases of customer funds debt securities (93) (3,918) (7,642)
Proceeds from customer funds debt securities 93 7,764 7,642
Other 1,164 4,068 2,449
Net cash used by investing activities (1,066,601) (56,093) (72,397)
Cash flows from financing activities:      
Proceeds from issuing long-term debt 1,884,850 309,000 241,500
Payments on long-term debt (1,029,876) (352,500) (268,000)
Payments for debt issuance costs (18,153) 0 0
Net change in customer funds obligations 126,703 (168) 12,598
Proceeds from issuing shares 16,843 3,747 3,198
Employee taxes paid for shares withheld (5,969) (2,956) (3,935)
Payments for common shares repurchased 0 (14,000) (118,547)
Cash dividends paid to shareholders (51,654) (50,746) (51,742)
Other (9,783) (2,932) (5,220)
Net cash provided (used) by financing activities 912,961 (110,555) (190,148)
Effect of exchange rate change on cash, cash equivalents, restricted cash and restricted cash equivalents (1,099) 3,693 5,444
Net change in cash, cash equivalents, restricted cash and restricted cash equivalents 56,082 54,598 29,552
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of year 229,409 174,811 145,259
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of year (Note 3) $ 285,491 $ 229,409 $ 174,811