XML 17 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Interim Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operations:    
Net income $ 30,247 $ 1,721
Adjustments to reconcile net income to net cash provided by operating activities:    
Unrealized Devaluation Loss, net   10,862
Impairment of Long-Lived Assets   16,226
Depreciation and amortization 6,252 5,081
Accrued interest (3,877) (2,780)
Convertible bonds accrued interest, Amortization of debt discount and amortization of debt issuance costs 4,431 3,984
LTRP accrued compensation 3,190 3,327
Deferred income taxes (1,896) 6,118
Changes in assets and liabilities:    
Accounts receivable (22,920) (27,923)
Credit Card Receivables (62,544) (54,763)
Prepaid expenses (1,387) (3,451)
Inventory (158)  
Other assets (6,738) (2,306)
Accounts payable and accrued expenses 14,376 30,395
Funds payable to customers 23,684 48,683
Other liabilities 1,152 181
Interest received from investments 4,386 2,824
Net cash (used in) provided by operating activities (11,802) 38,179
Cash flows from investing activities:    
Purchase of investments (641,259) (420,070)
Proceeds from sale and maturity of investments 659,309 431,636
Payment for acquired businesses, net of cash acquired (1,838)  
Purchases of intangible assets (11) (942)
Advance for property and equipment (872)  
Purchases of property and equipment (14,552) (7,315)
Net cash provided by investing activities 777 3,309
Cash flows from financing activities:    
Payments on loans payable and other financial liabilities (661) (139)
Dividends paid (4,548) (7,330)
Net cash used in financing activities (5,209) (7,469)
Effect of exchange rate changes on cash and cash equivalents (5,762) (37,395)
Net decrease in cash and cash equivalents (21,996) (3,376)
Cash and cash equivalents, beginning of the period 166,881 223,144
Cash and cash equivalents, end of the period $ 144,885 $ 219,768