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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 $ 127,791 $ 72,660 $ 67,062
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation 20,900 24,728 24,092
Amortization 112,493 115,588 98,477
Amortization of operating lease right-of-use assets 10,515 23,448 15,934
Amortization of deferred debt issuance costs 4,685 4,802 4,128
Deferred income taxes 3,733 3,349 (22,140)
Stock-based compensation expense 27,242 29,602 36,763
Other 855 6,017 5,175
Changes in operating assets and liabilities, net of impact of acquisitions:      
Receivables (43,830) 8,793 (19,054)
Accounts payable 1,408 2,484 (7,703)
Accrued employee compensation 3,674 18,491 (10,829)
Deferred revenue (17,332) 9,421 (37,561)
Other current and noncurrent assets and liabilities (31,661) (4,488) (21,739)
Net cash flows from operating activities 220,473 314,895 132,605
Cash flows from investing activities:      
Purchases of property and equipment (20,582) (17,804) (23,099)
Purchases of software and distribution rights (24,786) (28,829) (24,915)
Acquisition of businesses, net of cash acquired 0 0 (757,268)
Other 0 15,934 (25,199)
Net cash flows from investing activities (45,368) (30,699) (830,481)
Cash flows from financing activities:      
Proceeds from issuance of common stock 3,440 3,759 3,591
Proceeds from exercises of stock options 8,862 11,924 12,985
Repurchase of stock-based compensation awards for tax withholdings (14,833) (11,568) (3,986)
Repurchase of common stock (107,378) (28,881) (35,617)
Proceeds from revolving credit facility 35,000 30,000 280,000
Repayments of revolving credit facility (90,000) (214,000) (41,000)
Proceeds from term portion of credit agreement 0 0 500,000
Repayments of term portion of credit agreement (38,950) (38,950) (28,900)
Payment for debt issuance costs 0 0 (12,830)
Payments on or proceeds from other debt, net (15,185) (13,854) (7,020)
Net (decrease) increase in settlement assets and liabilities (37,834) 101,681 1,127
Net cash flows from financing activities (256,878) (159,889) 668,350
Effect of exchange rate fluctuations on cash 533 (57) (1,495)
Net (decrease) increase in cash and cash equivalents (81,240) 124,250 (31,021)
Cash and cash equivalents, including settlement deposits, beginning of period 265,382 141,132 172,153
Cash and cash equivalents, including settlement deposits, end of period 184,142 265,382 141,132
Cash and cash equivalents 122,059 165,374 121,398
Settlement assets 62,083 100,008 19,734
Total cash and cash equivalents, including settlement deposits 184,142 265,382 141,132
Supplemental cash flow information      
Income taxes paid, net 46,166 27,760 27,727
Interest paid $ 40,071 $ 51,991 $ 58,980