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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 249,245 $ 215,315
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 82,760 69,088
Amortization of acquired intangibles 210,993 176,303
Amortization of capitalized contract costs 31,965 23,835
Share-based compensation expense 27,914 30,104
Provision for operating losses and bad debts 18,637 22,942
Deferred income taxes (6,483) (3,061)
Other, net 22,469 (6,228)
Changes in operating assets and liabilities, net of the effects of business combinations:    
Accounts receivable (49,774) (21,763)
Settlement processing assets and obligations, net (41,715) 95,232
Prepaid expenses and other assets (148,435) (92,154)
Accounts payable and other liabilities (150,223) (2,857)
Net cash provided by operating activities 247,353 506,756
Cash flows from investing activities:    
Acquisitions, net of cash acquired (78,245) 0
Capital expenditures (133,312) (102,669)
Other, net 13,182 (1,436)
Net cash used in investing activities (198,375) (104,105)
Cash flows from financing activities:    
Net borrowings (repayments) of settlement lines of credit 32,163 (88,325)
Proceeds from long-term debt 586,000 694,214
Repayments of long-term debt (569,119) (1,024,695)
Payment of debt issuance costs 0 (10,884)
Repurchase of common stock (233,996) (177,261)
Proceeds from stock issued under share-based compensation plans 12,952 6,340
Common stock repurchased - share-based compensation plans (11,167) (9,989)
Distributions to noncontrolling interests (26,239) 0
Dividends paid (3,137) (3,171)
Net cash used in financing activities (212,543) (613,771)
Effect of exchange rate changes on cash 414 (25,206)
Decrease in cash and cash equivalents (163,151) (236,326)
Cash and cash equivalents, beginning of the period 1,210,878 1,335,855
Cash and cash equivalents, end of the period $ 1,047,727 $ 1,099,529