SUPPLEMENTAL BALANCE SHEET INFORMATION

3 Months Ended

Mar. 31, 2023

Balance Sheet Related Disclosures [Abstract]

Cash, cash equivalents and restricted cash

Cash and cash equivalents include cash on hand and all liquid investments with a maturity of three months or less when purchased. We regularly maintain cash balances with financial institutions in excess of the Federal Deposit Insurance Corporation insurance limit or the equivalent outside the U.S. As of March 31, 2023, approximately 75% of our total balance of cash and cash equivalents was held within a small group of financial institutions, primarily large money center banks. Although we currently believe that the financial institutions with whom we do business will be able to fulfill their commitments to us, there is no assurance that those institutions will be able to continue to do so. We have not experienced any losses associated with our balances in such accounts for the three months ended March 31, 2023.

Restricted cash includes amounts that cannot be withdrawn or used for general operating activities under legal or regulatory restrictions. Restricted cash consists of amounts deposited by customers for prepaid card transactions at one of our Spain subsidiaries and funds held as a liquidity reserve at our Chilean and Greek subsidiaries that are subject to local regulatory restrictions requiring appropriate segregation and restriction in their use. Restricted cash is included in prepaid expenses and other current assets in the consolidated balance sheets with a corresponding liability in accounts payable and accrued liabilities.

A reconciliation of the amounts of cash and cash equivalents and restricted cash in the consolidated balance sheets to the amount in the consolidated statements of cash flows is as follows:


	March 31, 2023		December 31, 2022

	(in thousands)
Cash and cash equivalents	$	2,001,671	$	1,997,566
Restricted cash included in prepaid expenses and other current assets	147,333		147,422
Cash included in assets held for sale	88,748		70,618
Cash, cash equivalents and restricted cash shown in the statement of cash flows	$	2,237,752	$	2,215,606

Long-lived assets

During the three months ended March 31, 2023, we entered into a new agreement to acquire software, of which $48.0 million was financed utilizing a five-year vendor financing arrangement.

In connection with the completion of the EVO acquisition, we acquired right-of-use assets for operating leases of approximately $40.0 million, primarily related to real estate leases, and assumed the associated lease liabilities. As of March 31,

2023, maturities of the acquired operating lease liabilities were as follows: $7.5 million in 2023, $9.9 million in 2024, $8.9 million in 2025, $8.0 million in 2026, $6.4 million in 2027, $3.2 million in 2028 and $1.3 million thereafter.