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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 401,344 $ 243,765
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 105,734 80,868
Amortization of acquired intangibles 263,714 249,095
Share-based compensation expense 44,937 30,771
Provision for operating losses and bad debts 32,309 37,203
Amortization of capitalized contract costs 37,281 32,863
Deferred income taxes (4,973) (51,093)
Other, net (17,185) 34,190
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Accounts receivable (27,696) (6,070)
Settlement processing assets and obligations, net (58,693) (232,713)
Prepaid expenses and other assets (117,824) (78,302)
Accounts payable and other liabilities 2,058 19,546
Net cash provided by operating activities 661,006 360,123
Cash flows from investing activities:    
Business and other acquisitions, net of cash acquired (769,082) (563,009)
Capital expenditures (156,060) (136,612)
Proceeds from sales of property and equipment 131 37,520
Other, net (2,514) (48,056)
Net cash used in investing activities (927,525) (710,157)
Cash flows from financing activities:    
Net borrowings of settlement lines of credit 49,381 77,397
Proceeds from long-term debt 1,606,214 1,713,324
Repayments of long-term debt (1,468,505) (1,386,721)
Payment of debt issuance costs (12,544) (9,520)
Repurchase of common stock (180,897) (32,811)
Proceeds from stock issued under share-based compensation plans 12,571 7,068
Common stock repurchased - share-based compensation plans (44,824) (21,171)
Distributions to noncontrolling interests (5,686) (9,301)
Dividends paid (4,750) (5,141)
Net cash (used in) provided by financing activities (49,040) 333,124
Effect of exchange rate changes on cash (29,692) 40,181
(Decrease) increase in cash and cash equivalents (345,251) 23,271
Cash and cash equivalents, beginning of the period 1,335,855 1,162,779
Cash and cash equivalents, end of the period $ 990,604 $ 1,186,050