XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Statement of Cash Flows [Abstract]    
Net income $ 261.0 $ 210.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 99.3 99.4
Share-based compensation 33.3 39.5
Unrealized foreign exchange (gain) loss, net (16.4) 3.6
Deferred income taxes 14.0 (5.9)
Amortization of debt issuance costs 3.2 3.0
Changes in working capital, net of amounts acquired:    
Income taxes payable, net 13.5 29.7
Trade accounts receivable, including amounts in settlement assets 427.7 157.1
Prepaid expenses and other current assets, including amounts in settlement assets 52.9 73.8
Trade accounts payable, including amounts in settlement obligations (184.6) (200.0)
Deferred revenue (0.5) (10.7)
Accrued expenses and other current liabilities, including amounts in settlement obligations (1.2) 110.3
Changes in noncurrent assets and liabilities (49.7) (2.4)
Net cash provided by operating activities 652.5 507.4
Cash flows from investing activities:    
Acquisitions, net of cash acquired (91.3) 0.2
Purchases and proceeds of property and equipment (83.0) (69.1)
Purchases of other long-term assets (10.4) (6.3)
Other, net (0.5) 0.6
Net cash used in investing activities (185.2) (74.6)
Cash flows from financing activities:    
Proceeds from issuance of shares 4.5 3.1
Repurchase of shares and other share movements (217.6) (325.4)
Borrowings from credit agreements 5,981.8 5,844.1
Repayments of credit agreements (5,986.3) (6,177.9)
Net borrowings of short-term debt obligations 404.3 450.0
Repayments of capital lease obligations (1.4)
Other, net 0.1 (2.2)
Net cash provided by (used in) financing activities 185.4 (208.3)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 42.1 (172.0)
Increase in cash and cash equivalents and restricted cash 694.8 52.5
Cash and cash equivalents and restricted cash at beginning of period 2,247.0 1,990.8
Cash and cash equivalents and restricted cash at end of period 2,941.8 2,043.3
Supplemental disclosure of cash flow information:    
Interest paid during the period 55.3 39.2
Income taxes paid during the period $ 74.4 $ 62.0