XML 19 R7.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 70,235 $ 40,296
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 16,792 16,026
Amortization of intangibles 84,216 111,690
Asset impairment charge 0 6,700
Amortization of prepaid product discounts 24,490 24,844
Employee share-based compensation expense 17,591 14,972
Operating lease expense 10,936 14,011
Amortization of cloud computing arrangement implementation costs 11,846 12,362
Gain on sale of businesses and long-lived assets 0 (29,190)
Deferred income taxes 16,127 (17,808)
Other non-cash items, net 16,478 31,146
Changes in assets and liabilities:    
Trade accounts receivable (20,726) 6,593
Inventories and supplies 2,556 (877)
Other current and non-current assets (19,511) (34,056)
Accounts payable (8,674) 8,721
Prepaid product discount payments (22,933) (22,945)
Other accrued and non-current liabilities (30,902) (48,363)
Net cash provided by operating activities 168,521 134,122
Cash flows from investing activities:    
Payment for acquisition (12,100) 0
Purchases of capital assets (72,556) (69,777)
Proceeds from sale of businesses and long-lived assets 1,968 18,321
Other 6,667 133
Net cash used by investing activities (76,021) (51,323)
Cash flows from financing activities:    
Proceeds from issuing long-term debt and swingline loans, net of debt issuance costs 312,793 630,784
Payments on long-term debt and swingline loans (368,919) (695,295)
Net change in settlement processing obligations (235,940) (338,955)
Cash dividends paid to shareholders (41,634) (40,826)
Other (5,558) (7,789)
Net cash used by financing activities (339,258) (452,081)
Effect of exchange rate change on cash, cash equivalents, restricted cash, and restricted cash equivalents 1,230 (3,156)
Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents (245,528) (372,438)
Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year 309,153 458,033
Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period (Note 3) $ 63,625 $ 85,595