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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 16,130 $ 19,467
Adjustments to reconcile net income to net cash provided by (used in) operating activities-    
Depreciation 5,013 5,636
Amortization 12,164 11,309
Loss on debt extinguishment 453 0
(Gain) loss on unrealized foreign currency transactions, net 522 (352)
Deferred income taxes (2,067) 7,859
Stock-based compensation 8,404 7,736
Changes in operating assets and liabilities:    
Trade accounts receivable, net (4,838) (10,959)
Other current and non-current assets and liabilities (2,400) (9,827)
Income taxes payable/receivable 4,529 (3,158)
Trade accounts payable and accrued liabilities (33,074) (59,581)
Deferred revenue 6,633 2,519
Net cash provided by (used in) operating activities 11,469 (29,351)
Cash flows from investing activities:    
Purchases of software, property and equipment (4,401) (4,774)
Receipts from sale of software, property, and equipment 152 0
Net cash used in investing activities (4,249) (4,774)
Cash flows from financing activities:    
Proceeds from issuance of common stock 769 866
Payments of cash dividends (9,460) (9,463)
Repurchases of common stock (22,396) (17,973)
Deferred acquisition payments (314) (488)
Proceeds from long-term debt 150,625 0
Payments on long-term debt (150,625) (1,875)
Payments of debt financing costs (2,258) 0
Payments on financing obligations (590) 0
Settlement and merchant reserve activity (70,211) (82,212)
Net cash used in financing activities (104,460) (111,145)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash 2,488 (1,962)
Net decrease in cash, cash equivalents, and restricted cash (94,752) (147,232)
Cash, cash equivalents and restricted cash, beginning of period 506,763 463,876
Cash, cash equivalents and restricted cash, end of period 412,011 316,644
Cash paid during the period for-    
Interest 10,181 10,898
Income taxes 2,964 3,288
Non-cash investing and financing activities:    
Software, property, and equipment included in current and non-current liabilities 11,526 0
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 136,024 120,810
Settlement and merchant reserve assets 274,228 192,962
Restricted cash included in current and non-current assets 1,759 2,872
Total cash, cash equivalents and restricted cash $ 412,011 $ 316,644