XML 17 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Cash flows from operating activities:    
Net income $ 249,038 $ 239,005
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 54,343 48,628
Amortization of acquired intangibles 62,331 54,184
Share-based compensation expense 20,472 14,827
Provision for operating losses and bad debts 15,827 10,530
Deferred income taxes (3,292) 13,479
Other, net 2,528 469
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 23,428 32,124
Claims receivable (24,388) (7,159)
Settlement processing assets and obligations, net 523,765 (27,948)
Prepaid expenses and other assets (26,146) (5,687)
Accounts payable and other liabilities (30,514) (36,044)
Income taxes payable 10,627 10,677
Net cash provided by operating activities 878,019 347,085
Cash flows from investing activities:    
Business, intangible and other asset acquisitions, net of cash acquired (241,982) (232,864)
Capital expenditures (57,548) (56,746)
Principal collections on financing receivables 0 219
Net proceeds from sales of investments and business 0 10,597
Net cash used in investing activities (299,530) (278,794)
Cash flows from financing activities:    
Net (repayments) borrowings on lines of credit (388,120) 44,622
Proceeds from issuance of long-term debt 3,186,175 1,593,500
Principal payments of long-term debt (3,050,175) (1,378,679)
Payment of debt issuance costs (4,934) 0
Repurchase of common stock (82,832) (231,844)
Proceeds from stock issued under share-based compensation plans 7,279 18,867
Common stock repurchased - share-based compensation plans (11,812) (16,175)
Tax benefit from share-based compensation plans 6,625 3,851
Purchase of subsidiary shares from noncontrolling interest (7,550) 0
Distributions to noncontrolling interests (18,568) (19,355)
Dividends paid (3,895) (4,035)
Net cash (used in) provided by financing activities (367,807) 10,752
Effect of exchange rate changes on cash (35,921) (50,767)
Increase in cash and cash equivalents 174,761 28,276
Cash and cash equivalents, beginning of the period 650,739 581,872
Cash and cash equivalents, end of the period $ 825,500 $ 610,148