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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities        
Net income $ 19,230 $ 17,184 $ 44,475 $ 40,991
Depreciation and amortization 10,623 10,586 20,827 20,701
Earnings from equity-accounted investments (74) (388) (733) (576)
Fair value adjustments 72 1,567 (11) 3,000
Interest payable (23) 645 9 1,354
(Profit) Loss on disposal of property, plant and equipment (539) 11 (473) (84)
Stock-based compensation charge (reversal), net (Note 13) 635 965 (689) 1,691
Facility fee amortized 31 35 67 69
Dividends received from equity accounted investments     370  
Decrease (Increase) in accounts receivable, pre-funded social welfare grants receivable and finance loans receivable 6,585 (13,847) 14,351 (31,125)
(Increase) Decrease in inventory (3,481) 776 (3,585) (155)
Decrease in accounts payable and other payables (5,940) (5,418) (2,900) (2,046)
Decrease in taxes payable (11,815) (8,859) (859) (1,035)
Increase (Decrease) in deferred taxes 386 789 (1,246) (637)
Net cash provided by operating activities 15,690 4,046 69,603 32,148
Cash flows from investing activities        
Capital expenditures (3,126) (9,947) (6,549) (20,645)
Proceeds from disposal of property, plant and equipment 945 269 1,014 617
Investment in MobiKwik     (15,347)  
Loans to equity accounted investments (Note 6) (10,044)   (10,044)  
Acquisitions, net of cash acquired (Note 2) (4,651)   (4,651)  
Net change in settlement assets (Note 5) 258,166 303,810 220,772 282,227
Net cash provided by investing activities 241,290 294,132 185,195 262,199
Cash flows from financing activities        
Acquisition of treasury stock (Note 11)   (11,186) (32,081) (11,186)
Repayment of long-term borrowings (Note 10) (1,824)   (28,493)  
Guarantee fee paid (Note 10) (1,145)   (1,145)  
Dividends paid to non-controlling interest (58)   (613)  
Long-term borrowings utilized (Note 10)   711 247 1,431
Proceeds from issue of common stock       3,762
Net change in settlement obligations (Note 5) (258,166) (303,810) (220,772) (282,227)
Net cash used in financing activities (261,193) (314,285) (282,857) (288,220)
Effect of exchange rate changes on cash (2,225) (8,086) 3,306 (22,293)
Net decrease in cash, cash equivalents and restricted cash (6,438) (24,193) (24,753) (16,166)
Cash, cash equivalents and restricted cash - beginning of period 205,329 125,610 223,644 117,583
Cash, cash equivalents and restricted cash - end of period [1] 198,891 $ 101,417 198,891 $ 101,417
Restricted cash $ 43,700   $ 43,700  
[1] Cash, cash equivalents and restricted cash as of December 31, 2016, includes restricted cash of approximately $43.7 million related to the guarantee issued by FirstRand Bank Limited (acting through its Rand Merchant Bank division) as described in Note 10. This cash has been placed into an escrow account and is considered restricted as to use and therefore is classified as restricted cash. The restriction will lapse once the guarantee expires, is utilized or is cancelled.