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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Cash flows from operating activities:    
Net income $ 92,458 $ 93,048
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 22,657 17,909
Amortization of acquired intangibles 80,529 20,848
Share-based compensation expense 7,619 6,467
Provision for operating losses and bad debts 9,626 4,263
Deferred income taxes (20,861) 3,584
Gain on sale of investments (41,150) 0
Other, net 8,855 1,333
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable (7,726) (7,512)
Claims receivable (7,097) (12,261)
Settlement processing assets and obligations, net 30,409 402,676
Prepaid expenses and other assets (50,498) (18,114)
Accounts payable and other liabilities 30,846 1,151
Net cash provided by operating activities 155,667 513,392
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (34,563) (241,530)
Capital expenditures (41,381) (16,858)
Proceeds from sale of investments 37,717 0
Net cash used in investing activities (38,227) (258,388)
Cash flows from financing activities:    
Net payments on settlement lines of credit (47,336) (236,041)
Proceeds from issuance of long-term debt 215,000 2,821,425
Principal payments of long-term debt (261,219) (2,626,925)
Payment of debt issuance costs 0 (4,934)
Repurchase of common stock (67,633) (34,296)
Proceeds from stock issued under share-based compensation plans 3,037 2,513
Common stock repurchased - share-based compensation plans (22,204) (8,154)
Tax benefit from share-based compensation plans 12,303 5,760
Distributions to noncontrolling interests (5,475) (8,158)
Dividends paid (1,539) (1,305)
Net cash used in financing activities (175,066) (90,115)
Effect of exchange rate changes on cash (9,326) (12,319)
(Decrease) increase in cash and cash equivalents (66,952) 152,570
Cash and cash equivalents, beginning of the period 1,044,728 650,739
Cash and cash equivalents, end of the period $ 977,776 $ 803,309