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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 215,315 $ 125,402
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 69,088 51,197
Amortization of acquired intangibles 176,303 165,117
Share-based compensation expense 30,104 21,153
Provision for operating losses and bad debts 22,942 25,940
Amortization of capitalized contract costs 23,835 19,681
Deferred income taxes (3,061) (38,603)
Other, net (6,228) 17,057
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable (21,763) (4,901)
Settlement processing assets and obligations, net 95,232 (63,523)
Prepaid expenses and other assets (92,154) (25,007)
Accounts payable and other liabilities (2,857) (25,452)
Net cash provided by operating activities 506,756 268,061
Cash flows from investing activities:    
Capital expenditures (102,669) (89,958)
Proceeds from sales of property and equipment 59 37,497
Other, net (1,495) (34,242)
Net cash used in investing activities (104,105) (86,703)
Cash flows from financing activities:    
Net repayments of settlement lines of credit (88,325) (88,490)
Proceeds from long-term debt 694,214 902,324
Repayments of long-term debt (1,024,695) (1,082,898)
Payment of debt issuance costs (10,884) (9,461)
Repurchase of common stock (177,261) (5,342)
Proceeds from stock issued under share-based compensation plans 6,340 6,188
Common stock repurchased - share-based compensation plans (9,989) (418)
Distributions to noncontrolling interests 0 (9,301)
Dividends paid (3,171) (3,551)
Net cash used in financing activities (613,771) (290,949)
Effect of exchange rate changes on cash (25,206) 27,388
Decrease in cash and cash equivalents (236,326) (82,203)
Cash and cash equivalents, beginning of the period 1,335,855 1,162,779
Cash and cash equivalents, end of the period $ 1,099,529 $ 1,080,576