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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands, € in Millions
 12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Cash flows from operating activities:      
Net income $ 605,100 $ 469,276 $ 484,667
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of property and equipment 357,529 211,200 145,128
Amortization of intangible assets 1,256,911 667,135 377,685
Amortization of capitalized contract costs 78,147 66,086 51,541
Share-based compensation expense 148,792 89,634 57,826
Provision for operating losses and bad debts 126,712 100,188 43,237
Noncash lease expense 98,592 52,612 0
Deferred income taxes (166,224) (108,309) (1,451)
Equity in income of equity investments, net of tax (88,297) (13,541) 0
Other, net (13,665) 12,971 (8,025)
Changes in operating assets and liabilities, net of the effects of business combinations:      
Accounts receivable 55,986 (115,528) (33,386)
Settlement processing assets and obligations, net 125,852 213,701 83,478
Prepaid expenses and other assets (270,965) (159,056) (160,800)
Accounts payable and other liabilities (320) (95,091) 66,182
Net cash provided by operating activities 2,314,150 1,391,278 1,106,082
Cash flows from investing activities:      
Business combinations and other acquisitions, net of cash acquired (160,801) (644,622) (1,259,692)
Restricted cash from business combinations 119,372 0 0
Capital expenditures (436,236) (307,868) (213,290)
Other, net 39,323 35,404 (3,305)
Net cash used in investing activities (438,342) (917,086) (1,476,287)
Cash flows from financing activities:      
Net (repayments of) borrowings from settlement lines of credit (133,282) (236,473) 70,783
Proceeds from long-term debt 2,401,147 7,203,903 2,774,214
Repayments of long-term debt (2,342,072) (6,484,689) (2,304,314)
Payments of debt issuance costs (8,075) (43,599) (16,345)
Repurchases of common stock (631,148) (311,383) (208,198)
Proceeds from stock issued under share-based compensation plans 66,142 24,514 14,318
Common stock repurchased - share-based compensation plans (61,243) (62,577) (31,510)
Distributions to noncontrolling interests (26,199) (31,632) (5,686)
Preacquisition dividends paid to former TSYS shareholders 0 (23,240) 0
Dividends paid (233,216) (63,498) (6,332)
Purchase of subsidiary shares from noncontrolling interest (578,196) 0 0
Net cash (used in) provided by financing activities (1,546,142) (28,674) 286,930
Effect of exchange rate changes on cash, cash equivalents and restricted cash 81,832 21,877 (41,702)
Increase (decrease) in cash, cash equivalents and restricted cash 411,498 467,395 (124,977)
Cash, cash equivalents and restricted cash, beginning of the period 1,678,273 1,210,878 1,335,855
Cash, cash equivalents and restricted cash, end of the period $ 2,089,771 $ 1,678,273 $ 1,210,878