v3.21.2
UNAUDITED CONDENSED COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 57,504 $ 60,566
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,553 56,858
Deferred income taxes (3,594) 3,610
Non-cash stock compensation 6,322 5,184
Gain on sale of a business   (10,876)
Gain on sale of investment in unconsolidated subsidiary - related party (4,110)  
Change in other operating assets and liabilities, net of sale of business:    
Change in deferred revenue 12,775 37,648
Change in accounts receivable (14,201) 29,546
Change in accounts payable and accrued expenses (12,496) (45,718)
Change in other assets (28,982) 23,961
Change in other liabilities 62,415 (34,414)
Other 10,539 (4,686)
Net cash provided by operating activities 113,725 121,679
CASH FLOWS FROM INVESTING ACTIVITIES:    
Change in redemption settlement assets, restricted (47,312) (31,277)
Capital expenditures (13,137) (18,605)
Investments in unconsolidated subsidiary - related party   (736)
Distributions from investment in unconsolidated subsidiary - related party 795  
Sale of investment in unconsolidated subsidiary - related party 4,055  
Net cash used in investing activities (55,599) (50,618)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid to Parent (120,000)  
Net transfers to Parent (9,278) (1,511)
Net cash used in financing activities (129,278) (1,511)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (4,000) 3,604
Change in cash, cash equivalents and restricted cash (75,152) 73,154
Cash, cash equivalents and restricted cash at beginning of year 337,525 175,132
Cash, cash equivalents and restricted cash at end of year 262,373 248,286
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 200 209
Income taxes paid, net $ 30,781 $ 61,684