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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 52,384 $ 53,576
Adjustments to reconcile net income to net cash provided by operating activities-    
Depreciation 16,724 17,549
Amortization 37,467 34,543
Asset impairment 0 1,689
Gain on lease modifications 0 (4,349)
Unrealized foreign currency transaction (gain) loss, net 225 (442)
Deferred income taxes (189) (12,504)
Stock-based compensation 25,023 21,253
Changes in operating assets and liabilities, net of acquired amounts:    
Trade accounts receivable, net (7,873) (33,351)
Other current and non-current assets and liabilities (12,771) (11,449)
Income taxes payable/receivable (16,194) (4,650)
Trade accounts payable and accrued liabilities (48,658) (24,158)
Deferred revenue 7,075 14,658
Net cash provided by operating activities 53,213 52,365
Cash flows from investing activities:    
Purchases of software, property and equipment (16,528) (22,940)
Proceeds from sale/maturity of short-term investments 0 71
Business combinations, net of cash and settlement assets acquired of $46,432 and zero 17,293 0
Net cash provided by (used in) investing activities 765 (22,869)
Cash flows from financing activities:    
Proceeds from issuance of common stock 2,416 2,541
Payment of cash dividends (26,598) (26,231)
Repurchase of common stock (42,439) (116,418)
Deferred acquisition payments (2,488) (3,220)
Proceeds from long-term debt 15,000 470,000
Payments on long-term debt (20,625) (310,625)
Purchase of capped call transactions related to convertible notes 0 (34,298)
Payments of deferred financing costs 0 (13,518)
Payments on financing obligations (2,191) 0
Settlement and merchant reserve activity (79,606) (46,196)
Net cash used in financing activities (156,531) (77,965)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (337) (448)
Net decrease in cash, cash equivalents, and restricted cash (102,890) (48,917)
Cash, cash equivalents and restricted cash, beginning of period 463,876 389,018
Cash, cash equivalents and restricted cash, end of period 360,986 340,101
Cash paid during the period for-    
Interest 24,592 21,772
Income taxes 35,292 39,136
Non-cash investing and financing activities:    
Software, property and equipment included in current and noncurrent liabilities 9,830 0
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 118,444 146,730
Settlement and merchant reserve assets 240,755 193,371
Restricted cash included in current and non-current assets 1,787 0
Total cash, cash equivalents and restricted cash $ 360,986 $ 340,101