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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
7 Months Ended 12 Months Ended
Dec. 31, 2016
Dec. 31, 2018
Dec. 31, 2017
May 31, 2016
Cash flows from operating activities:        
Net income $ 137,683 $ 484,667 $ 494,070 $ 290,217
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization of property and equipment 53,242 145,128 113,273 74,192
Amortization of acquired intangibles 194,329 377,685 337,878 113,689
Share-based compensation expense 18,707 57,826 39,095 30,809
Provision for operating losses and bad debts 24,074 43,237 48,443 27,202
Amortization of capitalized customer acquisition costs 14,982 51,541 45,098 1,776
Deferred income taxes (33,523) (1,451) (250,670) (18,162)
Gain on sale of investments (41,150) 0 0 0
Other, net 32,718 (8,025) 44,070 15,370
Changes in operating assets and liabilities, net of the effects of business combinations:        
Accounts receivable 2,189 (33,386) (14,096) (14,542)
Settlement processing assets and obligations, net 35,599 83,478 (361,673) 218,061
Prepaid expenses and other assets (44,164) (160,800) (129,427) (64,216)
Accounts payable and other liabilities 121,140 66,182 146,327 (81,506)
Net cash provided by operating activities 515,826 1,106,082 512,388 592,890
Cash flows from investing activities:        
Business combinations and other acquisitions, net of cash acquired (33,865) (1,259,692) (562,688) (2,034,406)
Capital expenditures (88,913) (213,290) (181,905) (91,591)
Net proceeds from sale of investments 37,717 0 0 0
Net proceeds from sales of property and equipment 0 0 37,565 0
Other, net (1,622) (3,305) (28,997) (1,251)
Net cash used in investing activities (86,683) (1,476,287) (736,025) (2,127,248)
Cash flows from financing activities:        
Net proceeds from (repayments of) settlement lines of credit 20,582 70,783 221,532 (206,009)
Proceeds from long-term debt 1,299,000 2,774,214 1,994,324 6,078,230
Repayments of long-term debt (1,381,161) (2,304,314) (1,781,541) (3,691,608)
Payment of debt issuance costs (9,279) (16,345) (9,520) (63,382)
Repurchase of common stock (178,165) (208,198) (34,811) (135,954)
Proceeds from stock issued under share-based compensation plans 6,093 14,318 10,115 8,480
Common stock repurchased - share-based compensation plans (20,390) (31,510) (31,761) (12,236)
Purchase of subsidiary shares from noncontrolling interest 0 0 0 (7,550)
Proceeds from sale of subsidiary shares to noncontrolling interest 0 0 0 16,374
Distributions to noncontrolling interests (12,365) (5,686) (9,301) (23,308)
Dividends paid (3,069) (6,332) (6,732) (5,439)
Net cash provided by (used in) financing activities (278,754) 286,930 352,305 1,957,598
Effect of exchange rate changes on cash (32,338) (41,702) 44,408 (29,251)
Increase (decrease) in cash and cash equivalents 118,051 (124,977) 173,076 393,989
Cash and cash equivalents, beginning of the period 1,044,728 1,335,855 1,162,779 650,739
Cash and cash equivalents, end of the period $ 1,162,779 $ 1,210,878 $ 1,335,855 $ 1,044,728