XML 20 R9.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Operating activities    
Net income $ 40,695 $ 24,230
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,490 10,146
Deferred income taxes 12,674 5,787
Provision for credit losses, doubtful accounts receivable, and reserve for settlement assets 2,472 1,696
Stock-based compensation 1,774 3,258
Other 1,077 2,829
Changes in assets and liabilities:    
Trade accounts receivable (4,978) (7,040)
Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets (46,244) 9,966
Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities (11,844) (6,200)
Customer funds deposits 15,701 15
Deferred revenue (1,500) (1,381)
Net cash provided by operating activities 20,317 43,306
Investing activities    
Capital expenditures (10,100) (8,885)
Purchase of convertible preferred stock in equity method investment (673) (1,009)
Purchases of debt securities and equity investments (15,997) (19,357)
Proceeds from maturities and sales of debt securities and redemption of equity investments 16,751 31,231
Net cash (used in) provided by investing activities (10,019) 1,980
Financing activities    
Dividends paid (2,524)
Distributions to noncontrolling interests (50) (59)
Proceeds from borrowings under revolving credit facility 24,534 30,588
Repayment of borrowings under revolving credit facility (24,534) (30,588)
Purchase of restricted shares of net2phone common stock (3,558)
Proceeds from exercise of stock options 172
Repurchases of Class B common stock (11,395) (3,170)
Net cash used in financing activities (13,969) (6,615)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents (4,079) (3,182)
Net (decrease) increase in cash, cash equivalents, and restricted cash and cash equivalents (7,750) 35,489
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period 255,456 198,823
Cash, cash equivalents, and restricted cash and cash equivalents at end of period 247,706 234,312
Supplemental Schedule of Non-Cash Financing Activities    
Shares of the Company’s Class B common stock issued to an executive officer for bonus payment 1,824
Value of the Company’s Class B common stock exchanged for National Retail Solutions shares $ 6,254