XML 19 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income $ 104,431 $ 73,659
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 28,154 25,282
Amortization of intangible assets 24,586 22,926
Provision for uncollectible overdrawn accounts 63,358 58,505
Employee stock-based compensation 37,373 27,384
Amortization of premium on available-for-sale investment securities 914 1,157
Change in fair value of contingent consideration 13,500 (7,500)
Amortization of deferred financing costs 1,195 1,191
Impairment of capitalized software 352 1,066
Changes in operating assets and liabilities:    
Accounts receivable, net (55,486) (35,866)
Prepaid expenses and other assets 1,458 (4,775)
Deferred expenses 13,783 9,025
Accounts payable and other accrued liabilities (13,315) (12,541)
Deferred revenue (11,587) (12,764)
Income tax receivable/payable 2,452 14,711
Other, net 3,174 1,888
Net cash provided by operating activities 214,342 163,348
Investing activities    
Purchases of available-for-sale investment securities (128,991) (58,665)
Proceeds from maturities of available-for-sale securities 45,774 57,784
Proceeds from sales of available-for-sale securities 11,125 29,074
Payments for acquisition of property and equipment (43,397) (32,373)
Net increase in loans (5,617) (13,732)
Acquisition, net of cash acquired 0 (141,493)
Net cash used in investing activities (121,106) (159,405)
Financing activities    
Borrowings from notes payable 0 20,000
Repayments of borrowings from notes payable (16,875) (36,875)
Borrowings on revolving line of credit 0 335,000
Repayments on revolving line of credit 0 (335,000)
Proceeds from exercise of options 19,123 18,183
Taxes paid related to net share settlement of equity awards (33,180) (12,737)
Net (decrease) increase in deposits (5,506) 97,270
Net decrease in obligations to customers (24,861) (11,835)
Contingent consideration payments (3,856) (1,907)
Repurchase of Class A common stock 0 (50,000)
Deferred financing costs 0 (164)
Net cash (used in) provided by financing activities (65,155) 21,935
Net increase in unrestricted cash, cash equivalents and restricted cash 28,081 25,878
Unrestricted cash, cash equivalents and restricted cash, beginning of period 1,010,095 744,761
Unrestricted cash, cash equivalents and restricted cash, end of period 1,038,176 770,639
Cash paid for interest 3,335 3,404
Cash paid for income taxes 4,313 9,408
Total unrestricted cash, cash equivalents and restricted cash, end of period $ 1,010,095 $ 744,761