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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 354,974 $ 401,344
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 132,043 105,734
Amortization of acquired intangibles 345,455 263,714
Amortization of capitalized contract costs 47,778 37,281
Share-based compensation expense 55,791 44,937
Provision for operating losses and bad debts 34,877 32,309
Deferred income taxes (42,990) (4,973)
Other, net 6,666 (17,185)
Changes in operating assets and liabilities, net of the effects of business combinations:    
Accounts receivable (80,709) (27,696)
Settlement processing assets and obligations, net 623,985 (58,693)
Prepaid expenses and other assets (148,421) (117,824)
Accounts payable and other liabilities 19,940 2,058
Net cash provided by operating activities 1,349,389 661,006
Cash flows from investing activities:    
Acquisitions, net of cash acquired (334,383) (769,082)
Capital expenditures (201,017) (156,060)
Other, net 29,112 (2,383)
Net cash used in investing activities (506,288) (927,525)
Cash flows from financing activities:    
Net (repayments of) borrowings from settlement lines of credit (144,473) 49,381
Proceeds from long-term debt 6,704,838 1,606,214
Repayments of long-term debt (6,097,229) (1,468,505)
Payments of debt issuance costs (32,637) (12,544)
Repurchases of common stock (233,995) (180,897)
Proceeds from stock issued under share-based compensation plans 22,008 12,571
Common stock repurchased - share-based compensation plans (49,037) (44,824)
Distributions to noncontrolling interests (31,632) (5,686)
Preacquisition dividends paid to former TSYS shareholders (23,240) 0
Dividends paid (4,727) (4,750)
Net cash provided by (used in) financing activities 109,876 (49,040)
Effect of exchange rate changes on cash (36,239) (29,692)
Increase (decrease) in cash and cash equivalents 916,738 (345,251)
Cash and cash equivalents, beginning of the period 1,210,878 1,335,855
Cash and cash equivalents, end of the period $ 2,127,616 $ 990,604