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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2013
Cash flows from operating activities:      
Net income $ 309,115 $ 269,952 $ 238,713
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of property and equipment 64,918 60,124 55,023
Amortization of acquired intangibles 72,587 61,945 56,765
Share-based compensation expense 21,056 29,793 18,427
Provision for operating losses and bad debts 14,506 20,574 21,659
Deferred income taxes 81,079 (1,799) 33,112
Other, net 3,073 (1,484) (4,878)
Changes in operating assets and liabilities, net of the effects of acquisitions:      
Accounts receivable 1,248 (18,539) (5,458)
Claims receivable (9,317) (11,569) (11,858)
Settlement processing assets and obligations, net (78,794) (241,431) (104,007)
Inventory 127 4,793 (1,187)
Prepaid expenses and other assets 14,616 18,995 (22,978)
Accounts payable and other liabilities (72,802) 9,224 (39,374)
Income taxes payable 3,289 (6,480) 6,587
Net cash provided by operating activities 424,701 194,098 240,546
Cash flows from investing activities:      
Business, intangible and other asset acquisitions, net of cash acquired (359,187) (426,524) (434,016)
Capital expenditures (92,550) (81,411) (98,590)
Principal collections on financing receivables 219 2,658 2,812
Net proceeds from sales of investments and business 10,597 3,607 1,227
Net cash used in investing activities (440,921) (501,670) (528,567)
Cash flows from financing activities:      
Net borrowings (payments) on short-term lines of credit 198,884 252,667 (27,930)
Proceeds from issuance of long-term debt 2,496,842 2,690,000 1,135,327
Principal repayments of long-term debt (2,148,907) (2,260,597) (482,349)
Acquisition of redeemable noncontrolling interest 0 0 (242,000)
Payment of debt issuance costs 0 (5,961) (3,987)
Repurchase of common stock (372,387) (447,307) (175,297)
Proceeds from stock issued under share-based compensation plans 22,550 31,727 10,543
Common stock repurchased - share-based compensation plans (15,690) (5,681) (10,244)
Tax benefit from share-based compensation plans 5,176 6,475 1,863
Distributions to noncontrolling interests (39,753) (36,670) (16,206)
Dividends paid (5,340) (5,757) (6,198)
Net cash provided by financing activities 141,375 218,896 183,522
Effect of exchange rate changes on cash (56,288) (9,922) 3,694
Increase (decrease) in cash and cash equivalents 68,867 (98,598) (100,805)
Cash and cash equivalents, beginning of the period 581,872 680,470 781,275
Cash and cash equivalents, end of the period $ 650,739 $ 581,872 $ 680,470