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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Operating activities    
Net income $ 63,657 $ 30,572
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,702 15,256
Deferred income taxes 18,902 8,830
Provision for credit losses, doubtful accounts receivable, and reserve for settlement assets 4,465 3,010
Stock-based compensation 2,720 5,375
Other 1,735 4,065
Change in assets and liabilities:    
Trade accounts receivable (4,649) (9,000)
Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets (8,932) 6,797
Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities (19,486) (10,467)
Customer funds deposits 25,327 1,243
Deferred revenue (3,382) (2,903)
Net cash provided by operating activities 96,059 52,778
Investing activities    
Capital expenditures (15,507) (13,621)
Purchase of convertible preferred stock in equity method investment (926) (1,513)
Purchases of debt securities and equity investments (29,083) (27,593)
Proceeds from maturities and sales of debt securities and redemptions of equity investments 35,005 41,527
Net cash used in investing activities (10,511) (1,200)
Financing activities    
Dividends paid (4,036) (1,269)
Distributions to noncontrolling interests (100) (62)
Proceeds from borrowings under revolving credit facility 24,551 32,864
Repayment of borrowings under revolving credit facility. (24,551) (32,864)
Purchase of restricted shares of net2phone common stock (3,558)
Proceeds from exercise of stock options 172
Repurchases of Class B common stock (17,773) (7,207)
Net cash used in financing activities (21,909) (11,924)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents 3,982 (5,632)
Net increase in cash, cash equivalents, and restricted cash and cash equivalents 67,621 34,022
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 323,077 232,845
Supplemental schedule of non-cash financing activities    
Shares of the Company’s Class B common stock issued to executive officers for bonus payments 1,824 1,495
Value of the Company’s Class B common stock exchanged for National Retail Solutions shares 442 6,254
Shares of the Company’s Class B common stock issued for business acquisition $ 100