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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Cash flows from operating activities:    
Net income $ 145,074 $ 176,126
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 45,681 35,697
Amortization of acquired intangibles 166,188 41,809
Share-based compensation expense 16,366 13,472
Provision for operating losses and bad debts 19,024 11,257
Amortization of capitalized customer acquisition costs 12,291 0
Deferred income taxes (52,710) 2,900
Gain on sale of investments (41,150) 0
Other, net 18,784 2,198
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 9,693 (4,271)
Claims receivable (14,067) (18,723)
Settlement processing assets and obligations, net (113,359) 208,446
Prepaid expenses and other assets (5,846) (14,097)
Accounts payable and other liabilities (12,426) (744)
Net cash provided by operating activities 193,543 454,070
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (35,260) (241,934)
Capital expenditures (83,268) (36,246)
Proceeds from sale of investments 37,717 0
Net cash used in investing activities (80,811) (278,180)
Cash flows from financing activities:    
Net borrowings on settlement lines of credit 94,757 101,464
Proceeds from issuance of long-term debt 1,289,000 3,030,175
Principal payments of long-term debt (1,314,799) (2,852,175)
Payment of debt issuance costs (9,279) (4,934)
Repurchase of common stock (172,405) (71,748)
Proceeds from stock issued under share-based compensation plans 4,882 6,317
Common stock repurchased - share-based compensation plans (20,390) (11,579)
Tax benefit from share-based compensation plans 13,017 6,521
Purchase of subsidiary shares from noncontrolling interest 0 (7,550)
Distributions to noncontrolling interests (12,365) (8,158)
Dividends paid (3,069) (2,602)
Net cash (used in) provided by financing activities (130,651) 185,731
Effect of exchange rate changes on cash (30,993) (23,903)
(Decrease) increase in cash and cash equivalents (48,912) 337,718
Cash and cash equivalents, beginning of the period 1,044,728 650,739
Cash and cash equivalents, end of the period $ 995,816 $ 988,457