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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 465,223 $ 190,050
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 193,574 172,229
Amortization of acquired intangibles 654,042 628,264
Amortization of capitalized contract costs 43,975 38,070
Share-based compensation expense 80,490 62,805
Provision for operating losses and credit losses 50,802 66,921
Noncash lease expense 54,533 47,770
Deferred income taxes (91,177) (96,458)
Equity in income of equity investments, net of tax (62,897) (25,041)
Other, net 13,965 10,823
Changes in operating assets and liabilities, net of the effects of business combinations:    
Accounts receivable (91,580) 56,186
Settlement processing assets and obligations, net 25,312 136,453
Prepaid expenses and other assets (151,353) (97,653)
Accounts payable and other liabilities (75,268) (230,130)
Net cash provided by operating activities 1,109,641 960,289
Cash flows from investing activities:    
Business combinations and other acquisitions, net of cash acquired (943,108) (74,095)
Capital expenditures (219,579) (208,384)
Other, net 742 12,188
Net cash used in investing activities (1,161,945) (270,291)
Cash flows from financing activities:    
Net borrowings from (repayments of) settlement lines of credit 134,245 (25,546)
Proceeds from long-term debt 2,820,988 1,867,008
Repayments of long-term debt (1,830,258) (1,809,199)
Payments of debt issuance costs (8,569) (8,006)
Repurchases of common stock (1,072,934) (421,162)
Proceeds from stock issued under share-based compensation plans 29,304 42,632
Common stock repurchased - share-based compensation plans (49,664) (39,226)
Dividends paid (114,875) (116,591)
Net cash used in financing activities (91,763) (510,090)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (5,980) (32,556)
(Decrease) increase in cash, cash equivalents and restricted cash (150,047) 147,352
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 $ 1,939,724 $ 1,825,625