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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 $ 142,177 $ 127,791 $ 72,660
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation 23,181 20,900 24,728
Amortization 104,147 112,493 115,588
Amortization of operating lease right-of-use assets 11,036 10,515 23,448
Amortization of deferred debt issuance costs 4,561 4,685 4,802
Deferred income taxes 1,603 3,733 3,349
Stock-based compensation expense 29,753 27,242 29,602
Gain on divestiture (38,452) 0 0
Other 3,028 855 6,017
Changes in operating assets and liabilities, net of impact of acquisitions:      
Receivables (132,194) (43,830) 8,793
Accounts payable 7,730 1,408 2,484
Accrued employee compensation (3,161) 3,674 18,491
Deferred revenue (2,977) (17,332) 9,421
Other current and noncurrent assets and liabilities (7,051) (31,661) (4,488)
Net cash flows from operating activities 143,381 220,473 314,895
Cash flows from investing activities:      
Purchases of property and equipment (13,103) (20,582) (17,804)
Purchases of software and distribution rights (26,790) (24,786) (28,829)
Proceeds from divestiture 100,139 0 0
Other 0 0 15,934
Net cash flows from investing activities 60,246 (45,368) (30,699)
Cash flows from financing activities:      
Proceeds from issuance of common stock 3,581 3,440 3,759
Proceeds from exercises of stock options 4,584 8,862 11,924
Repurchase of stock-based compensation awards for tax withholdings (6,983) (14,833) (11,568)
Repurchase of common stock (206,537) (107,378) (28,881)
Proceeds from revolving credit facility 180,000 35,000 30,000
Repayments of revolving credit facility (75,000) (90,000) (214,000)
Repayments of term portion of credit agreement (85,431) (38,950) (38,950)
Payments on or proceeds from other debt, net (12,123) (15,185) (13,854)
Net increase (decrease) in settlement assets and liabilities 26,849 (37,834) 101,681
Net cash flows from financing activities (171,060) (256,878) (159,889)
Effect of exchange rate fluctuations on cash (2,037) 533 (57)
Net increase (decrease) in cash and cash equivalents 30,530 (81,240) 124,250
Cash and cash equivalents, including settlement deposits, beginning of period 184,142 265,382 141,132
Cash and cash equivalents, including settlement deposits, end of period 214,672 184,142 265,382
Reconciliation of cash and cash equivalents to the Consolidated Balance Sheets      
Cash and cash equivalents 124,981 122,059 165,374
Settlement deposits 89,691 62,083 100,008
Total cash and cash equivalents, including settlement deposits 214,672 184,142 265,382
Supplemental cash flow information      
Income taxes paid, net 43,553 46,166 27,760
Interest paid $ 48,526 $ 40,071 $ 51,991