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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 65,530 $ 62,772 $ 5,335
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 25,997 25,625 20,242
Amortization of intangibles 146,555 123,142 90,550
Operating lease expense 20,480 17,485 20,928
Asset impairment charges 0 0 101,749
Amortization of prepaid product discounts 34,400 31,784 29,235
Deferred income taxes (28,529) 17,758 (5,456)
Employee share-based compensation expense 23,676 29,477 21,824
(Gain) loss on sale of businesses and facility (19,331) 0 1,846
Other non-cash items, net 31,398 17,196 23,846
Changes in assets and liabilities, net of effect of acquisition:      
Trade accounts receivable (13,672) (8,857) (2,709)
Inventories and supplies (19,062) (1,842) (11,281)
Other current assets (8,721) (15,574) 15,344
Payments for cloud computing arrangement implementation costs (18,649) (41,547) (19,426)
Other non-current assets (17,537) (11,467) (6,367)
Accounts payable 6,015 22,794 (9,518)
Prepaid product discount payments (30,603) (40,920) (33,613)
Other accrued and non-current liabilities (6,416) (17,005) (24,976)
Net cash provided by operating activities 191,531 210,821 217,553
Cash flows from investing activities:      
Purchases of capital assets (104,598) (109,140) (62,638)
Payments for acquisition, net of cash, cash equivalents, restricted cash and restricted cash equivalents acquired 0 (958,514) 0
Purchases of customer lists (4,347) (2,759) (11,082)
Proceeds from sale of businesses and facility 25,248 2,648 9,713
Purchases of customer funds debt securities (123) (93) (3,918)
Proceeds from customer funds debt securities 4,077 93 7,764
Other (582) 1,164 4,068
Net cash used by investing activities (80,325) (1,066,601) (56,093)
Cash flows from financing activities:      
Proceeds from issuing long-term debt 640,000 1,884,850 309,000
Payments on long-term debt (680,613) (1,029,876) (352,500)
Payments for debt issuance costs 0 (18,153) 0
Net change in customer funds obligations 56,426 126,703 (168)
Proceeds from issuing shares 3,112 16,843 3,747
Payments for common shares repurchased 0 0 (14,000)
Cash dividends paid to shareholders (52,647) (51,654) (50,746)
Other (14,879) (15,752) (5,888)
Net cash provided (used) by financing activities (48,601) 912,961 (110,555)
Effect of exchange rate change on cash, cash equivalents, restricted cash and restricted cash equivalents (10,681) (1,099) 3,693
Net change in cash, cash equivalents, restricted cash and restricted cash equivalents 51,924 56,082 54,598
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of year 285,491 229,409 174,811
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of year (Note 3) $ 337,415 $ 285,491 $ 229,409