XML 20 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Cash Flows [Abstract]    
Net income $ 38.4 $ 26.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 32.2 32.7
Share-based compensation 11.2 12.5
Unrealized foreign exchange loss, net 18.1 12.5
Deferred income taxes (16.4) 4.3
Amortization of debt issuance costs 1.0 1.0
Changes in working capital, net of amounts acquired:    
Income taxes payable, net 12.1 (2.6)
Trade accounts receivable, including amounts in settlement assets 91.1 76.0
Prepaid expenses and other current assets, including amounts in settlement assets 6.2 101.1
Trade accounts payable, including amounts in settlement obligations (153.1) (92.7)
Deferred revenue (2.1) 0.8
Accrued expenses and other current liabilities, including amounts in settlement obligations (5.2) (145.1)
Changes in noncurrent assets and liabilities (31.8) 3.3
Net cash provided by operating activities 1.7 30.0
Cash flows from investing activities:    
Acquisitions, net of cash acquired (0.1) (69.4)
Purchases and proceeds of property and equipment (23.2) (23.8)
Purchases of other long-term assets (3.9) (3.3)
Purchase of convertible note receivable (25.0)
Other, net (2.5) (0.3)
Net cash used in investing activities (54.7) (96.8)
Cash flows from financing activities:    
Proceeds from issuance of shares 1.7 1.4
Repurchase of shares (63.2) (2.1)
Borrowings from credit agreements 2,759.6 2,032.9
Repayments of credit agreements (2,049.6) (1,950.3)
Repayment of convertible debt (491.8)
Repayments of capital lease obligations (0.3) (0.6)
Net borrowings from short-term obligations 6.2
Net cash provided by (used in) financing activities 162.6 81.3
Effect of exchange rate changes on cash and cash equivalents and restricted cash 91.8 (47.2)
Decrease in cash and cash equivalents and restricted cash 201.4 (32.7)
Cash and cash equivalents and restricted cash at beginning of period 2,488.2 2,247.0
Cash and cash equivalents and restricted cash at end of period 2,689.6 2,214.3
Supplemental disclosure of cash flow information:    
Interest paid during the period 16.8 9.4
Income taxes paid during the period $ 18.0 $ 20.1