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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (7,751) $ (32,308)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Depreciation 3,631 6,131
Amortization 23,978 25,408
Amortization of operating lease right-of-use assets 2,568 2,767
Amortization of deferred debt issuance costs 936 1,115
Deferred income taxes 1,006 (10,382)
Stock-based compensation expense 8,099 5,301
Other (1,311) (290)
Changes in operating assets and liabilities:    
Receivables 127,269 88,960
Accounts payable (448) (1,308)
Accrued employee compensation (26,453) (15,593)
Deferred revenue 13,907 10,202
Other current and noncurrent assets and liabilities (22,190) (39,935)
Net cash flows from operating activities 123,241 40,068
Cash flows from investing activities:    
Purchases of property and equipment (3,208) (2,258)
Purchases of software and distribution rights (14,582) (6,481)
Net cash flows from investing activities (17,790) (8,739)
Cash flows from financing activities:    
Proceeds from issuance of common stock 693 707
Proceeds from exercises of stock options 475 78
Repurchase of stock-based compensation awards for tax withholdings (3,302) (3,001)
Repurchases of common stock (62,515) 0
Proceeds from revolving credit facility 164,000 50,000
Repayment of revolving credit facility (152,000) (45,000)
Proceeds from term portion of credit agreement 500,000 0
Repayment of term portion of credit agreement (529,073) (14,606)
Payments for debt issuance costs (5,141) 0
Payments on or proceeds from other debt, net (2,694) (5,670)
Net decrease in settlement assets and liabilities (18,933) (2,834)
Net cash flows from financing activities (108,490) (20,326)
Effect of exchange rate fluctuations on cash 2,314 2,557
Net increase (decrease) in cash and cash equivalents (725) 13,560
Cash and cash equivalents, including settlement deposits, beginning of period 238,821 214,672
Cash and cash equivalents, including settlement deposits, end of period 238,096 228,232
Cash and cash equivalents 183,393 142,412
Settlement deposits 54,703 85,820
Total cash and cash equivalents, including settlement deposits 238,096 228,232
Supplemental cash flow information    
Income taxes paid 2,524 17,268
Interest paid $ 24,081 $ 23,403