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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net (loss) income $ (415,415) $ 465,223
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 199,875 193,574
Amortization of acquired intangibles 656,373 654,042
Amortization of capitalized contract costs 53,113 43,975
Share-based compensation expense 85,414 80,490
Provision for operating losses and credit losses 57,929 50,802
Noncash lease expense 43,036 54,533
Deferred income taxes (180,001) (91,177)
Equity in income of equity method investments, net of tax (31,294) (62,897)
Distribution received on investments 8,212 20,305
Impairment of goodwill 833,075 0
Loss on business dispositions 152,211 0
Other, net 9,361 (6,340)
Changes in operating assets and liabilities, net of the effects of business combinations:    
Accounts receivable (80,580) (91,580)
Settlement processing assets and obligations, net 69,595 25,312
Prepaid expenses and other assets (191,652) (151,353)
Accounts payable and other liabilities (71,119) (75,268)
Net cash provided by operating activities 1,198,133 1,109,641
Cash flows from investing activities:    
Business combinations and other acquisitions, net of cash acquired (9,931) (943,108)
Capital expenditures (324,027) (219,579)
Effect on cash from sale of business (29,755) 0
Other, net 16 742
Net cash used in investing activities (363,697) (1,161,945)
Cash flows from financing activities:    
Net borrowings from settlement lines of credit 4,139 134,245
Proceeds from long-term debt 2,954,156 2,820,988
Repayments of long-term debt (2,276,488) (1,830,258)
Payments of debt issuance costs (1,706) (8,569)
Repurchases of common stock (1,249,994) (1,072,934)
Proceeds from stock issued under share-based compensation plans 23,619 29,304
Common stock repurchased - share-based compensation plans (26,972) (49,664)
Distributions to noncontrolling interests (14,363) 0
Payment of contingent consideration in business combination (15,726) 0
Dividends paid (139,315) (114,875)
Net cash used in financing activities (742,650) (91,763)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (114,968) (5,980)
Decrease in cash, cash equivalents and restricted cash (23,182) (150,047)
Cash, cash equivalents and restricted cash, beginning of the period 2,123,023 2,089,771
Cash, cash equivalents and restricted cash, end of the period $ 2,099,841 $ 1,939,724