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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 198,410 $ 150,608
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 96,372 83,573
Amortization of acquired intangibles 329,201 314,245
Amortization of capitalized contract costs 21,050 18,738
Share-based compensation expense 37,165 27,822
Provision for operating losses and credit losses 23,405 37,629
Noncash lease expense 27,066 25,924
Deferred income taxes (56,390) (47,957)
Equity in income of equity investments, net of tax (22,733) (12,269)
Other, net (5,847) 512
Changes in operating assets and liabilities, net of the effects of business combinations:    
Accounts receivable (37,141) 47,624
Settlement processing assets and obligations, net 21,714 12,966
Prepaid expenses and other assets (33,128) (53,540)
Accounts payable and other liabilities 262 (169,301)
Net cash provided by operating activities 599,406 436,574
Cash flows from investing activities:    
Business combinations and other acquisitions, net of cash acquired (11,074) (67,196)
Capital expenditures (86,159) (104,802)
Other, net 293 2,348
Net cash used in investing activities (96,940) (169,650)
Cash flows from financing activities:    
Net borrowings from (repayments of) settlement lines of credit 108,488 (78,092)
Proceeds from long-term debt 1,987,005 607,000
Repayments of long-term debt (1,575,435) (110,978)
Payments of debt issuance costs (6,819) 0
Repurchases of common stock (802,955) (421,162)
Proceeds from stock issued under share-based compensation plans 17,705 28,283
Common stock repurchased - share-based compensation plans (39,437) (44,253)
Dividends paid (57,574) (58,279)
Net cash used in financing activities (369,022) (77,481)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (21,141) (67,655)
Increase in cash, cash equivalents and restricted cash 112,303 121,788
Cash, cash equivalents and restricted cash, beginning of the period 2,089,771 1,678,273
Cash, cash equivalents and restricted cash, end of the period $ 2,202,074 $ 1,800,061