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10Q UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:          
Net income $ 312,772 $ 323,062 $ 1,644,153 $ 1,028,823 $ 143,313
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization of property and equipment 122,839 117,919 493,003 458,157 399,486
Amortization of intangible assets 329,269 343,217 1,369,328 1,318,535 1,262,969
Amortization of capitalized contract costs 34,424 32,883 138,051 123,405 109,701
Share-based compensation expense 39,740 40,117 164,244 208,994 163,261
Provision for operating losses and credit losses 19,950 19,409 81,018 97,103 116,879
Noncash lease expense 14,162 15,397 58,728 65,307 78,935
Deferred income taxes (70,737) (111,886) (346,228) (499,974) (315,495)
Paid-in-kind interest capitalized to principal of notes receivable (19,499) (17,694) (74,139) (46,524) 0
Equity in income of equity method investments, net of tax (18,286) (16,411) (70,499) (67,896) (85,685)
Distributions received on investments 7,512 0 32,849 18,267 45,521
Impairment of goodwill     0 0 833,075
Net (gain) loss on business dispositions (3,993) 0 (273,134) 136,744 199,094
Other, net 19,338 12,075 45,787 71,063 31,430
Changes in operating assets and liabilities, net of the effects of business combinations:          
Accounts receivable (36,734) 50,934 (10,443) (78,647) (111,974)
Prepaid expenses and other assets (93,552) (120,774) (221,447) (289,826) (295,980)
Accounts payable and other liabilities (102,081) (158,669) (29,496) 6,274 (34,336)
Net cash provided by operating activities 555,124 529,579 3,057,583 2,549,805 2,540,194
Cash flows from investing activities:          
Business combinations and other acquisitions, net of cash and restricted cash acquired (49,886) (2,557) (487,056) (4,225,610) (65,672)
Capital expenditures (127,577) (145,441) (674,917) (658,142) (615,652)
Repayment of notes receivable 4,375 0 0 50,000 0
Other, net     6,639 1,438 2,496
Net cash used in investing activities (173,088) (147,998) (173,891) (4,361,112) (675,537)
Cash flows from financing activities:          
Changes in funds held for customers (58,461) (88,573) 136,759 44,834 17,179
Changes in settlement processing assets and obligations, net 479,153 (24,689) 338,341 (345,898) (313,333)
Net (repayments) borrowings from settlement lines of credit 223,216 133,228 (442,713) 220,682 285,644
Net (repayments) borrowings from commercial paper notes 867,582 (1,093,043) (1,367,859) 1,367,859 0
Proceeds from long-term debt 1,551,000 4,609,000 9,635,049 10,336,850 9,812,289
Repayments of long-term debt (2,546,613) (2,628,548) (8,334,846) (9,099,938) (7,895,131)
Payments of debt issuance costs 0 (29,391) (33,056) (12,735) (48,635)
Repurchases of common stock (446,286) (800,048) (1,551,950) (418,272) (2,921,307)
Proceeds from stock issued under share-based compensation plans 6,340 11,031 43,009 60,345 44,127
Common stock repurchased - share-based compensation plans (36,006) (41,140) (56,229) (41,225) (38,601)
Distributions to noncontrolling interests (10,327) (4,748) (38,086) (32,997) (23,031)
Contributions from noncontrolling interests 0 89 4,044 26,205 0
Payment of deferred and contingent consideration in business combination     (6,390) (5,222) (15,726)
Purchase of capped calls related to issuance of convertible notes 0 (256,250) (256,250) 0 (302,375)
Dividends paid (61,124) (63,616) (252,811) (260,431) (273,955)
Net cash (used in) provided by financing activities (31,526) (276,698) (2,291,758) 1,840,057 (1,672,855)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 61,790 (34,035) (112,834) 12,519 (99,219)
Increase in cash, cash equivalents and restricted cash 412,300 70,848 479,100 41,269 92,583
Cash, cash equivalents and restricted cash, beginning of the period 2,735,975 2,256,875 2,256,875 2,215,606 2,123,023
Cash, cash equivalents and restricted cash, end of the period $ 3,148,275 $ 2,327,723 $ 2,735,975 $ 2,256,875 $ 2,215,606