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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net Income (Loss) $ 55,881 $ 86,852 $ 66,246
Adjustments to reconcile net income to net cash provided by operating activities-      
Depreciation 18,979 22,061 23,585
Amortization 53,480 50,447 47,667
Loss on debt extinguishment 453 0 0
Asset impairments 251 717 2,061
Gain on lease modifications 0 (174) (4,349)
(Gain) loss on unrealized foreign currency transactions and other, net 655 (525) 225
Deferred income taxes (9,240) (16,503) (23,560)
Stock-based compensation 45,264 33,564 28,990
Changes in operating assets and liabilities, net of acquired amounts:      
Trade accounts receivable, net (24,798) 4,134 (22,401)
Other current and non-current assets and liabilities (14,664) (13,042) (6,566)
Income taxes payable/receivable (7,839) 2,126 (1,849)
Trade accounts payable and accrued liabilities 41,438 (38,486) 12,541
Deferred revenue (3,921) 4,546 9,306
Net cash provided by operating activities 155,939 135,717 131,896
Cash flows from investing activities:      
Purchases of software, property and equipment (14,548) (22,421) (27,977)
Proceeds from sale of software, property, and equipment 412 0 0
Proceeds from sale/maturity of short-term investments 0 0 71
Business combinations, net of cash and settlement assets acquired of $46,432 in 2024 0 17,293 0
Net cash used in investing activities (14,136) (5,128) (27,906)
Cash flows from financing activities:      
Proceeds from issuance of common stock 2,473 3,072 3,284
Payments of cash dividends (37,396) (26,608) (33,930)
Repurchases of common stock (83,177) (67,745) (127,065)
Deferred acquisition payments (314) (2,488) (3,220)
Proceeds from long-term debt 150,625 15,000 470,000
Payments on long-term debt (151,250) (22,500) (327,500)
Purchase of capped call transactions related to convertible notes 0 0 (34,298)
Payments of debt financing costs (2,258) 0 (14,539)
Payments on financing obligations (6,194) (2,538) 0
Settlement and merchant reserve activity 6,047 23,884 35,963
Net cash used in financing activities (121,444) (79,923) (31,305)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash 5,064 (7,779) 2,173
Net increase in cash, cash equivalents, and restricted cash 25,423 42,887 74,858
Cash, cash equivalents and restricted cash, beginning of period 506,763 463,876 389,018
Cash, cash equivalents and restricted cash, end of period 532,186 506,763 463,876
Cash paid during the period for-      
Interest 25,391 27,119 24,730
Income taxes 52,212 39,944 51,675
Non-cash investing and financing activities-      
Software, property, and equipment included in current and non-current liabilities 11,376 8,469 0
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 180,011 161,789 186,264
Settlement and merchant reserve assets 350,390 343,235 274,699
Restricted cash included in non-current assets 1,785 1,739 2,913
Total cash, cash equivalents and restricted cash $ 532,186 $ 506,763 $ 463,876