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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 97,586 $ 52,959
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 33,918 24,984
Amortization of acquired intangibles 87,825 84,049
Share-based compensation expense 14,898 8,816
Provision for operating losses and bad debts 9,237 13,482
Amortization of capitalized contract costs 10,213 8,948
Deferred income taxes 910 (19,391)
Other, net (1,937) 4,692
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable 13,050 11,929
Settlement processing assets and obligations, net 82,235 122,948
Prepaid expenses and other assets (56,906) (6,472)
Accounts payable and other liabilities (6,488) (12,979)
Net cash provided by operating activities 284,541 293,965
Cash flows from investing activities:    
Capital expenditures (43,775) (46,219)
Other, net (1,586) (422)
Net cash used in investing activities (45,361) (46,641)
Cash flows from financing activities:    
Net repayments of settlement lines of credit (192,517) (117,789)
Proceeds from long-term debt 309,000 149,000
Repayments of long-term debt (687,820) (189,732)
Payment of debt issuance costs (586) (896)
Proceeds from stock issued under share-based compensation plans 2,613 1,149
Common stock repurchased - share-based compensation plans (1,058) (167)
Distributions to noncontrolling interests 0 (8)
Dividends paid (1,593) (1,522)
Net cash used in financing activities (571,961) (159,965)
Effect of exchange rate changes on cash 2,749 11,707
Increase (decrease) in cash and cash equivalents (330,032) 99,066
Cash and cash equivalents, beginning of the period 1,335,855 1,162,779
Cash and cash equivalents, end of the period $ 1,005,823 $ 1,261,845