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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net (loss) income $ (211,897) $ 57,762
Adjustments to reconcile net (loss) income to cash provided by operating activities:    
Depreciation and amortization 95,861 103,443
Deferred income taxes (41,732) (13,932)
Allowance for credit losses 36,359 5,370
Acquisition termination fee 24,811 0
Amortization of upfront incentive consideration 18,213 19,128
Stock-based compensation expense 17,577 15,694
Other (4,196) (1,189)
Loss from discontinued operations 2,126 1,452
Dividends received from equity method investments 1,652 996
Amortization of debt issuance costs 993 993
Equity method loss (income) 686 (533)
Changes in operating assets and liabilities:    
Accounts and other receivables 120,580 (95,354)
Prepaid expenses and other current assets (10,120) (24,429)
Capitalized implementation costs (1,472) (7,619)
Upfront incentive consideration (22,566) (22,052)
Other assets 16,102 26,078
Accrued compensation and related benefits (23,655) (47,150)
Accounts payable and other accrued liabilities (1,197) 131,753
Deferred revenue including upfront solution fees 22,306 1,589
Cash provided by operating activities 40,431 152,000
Investing Activities    
Additions to property and equipment (28,437) (37,864)
Other investing activities (4,413) 0
Cash used in investing activities (32,850) (37,864)
Financing Activities    
Proceeds of borrowings from lenders 375,000 0
Payments on Tax Receivable Agreement (71,958) (72,790)
Cash dividends paid to common stockholders (38,544) (38,594)
Payments on borrowings from lenders (18,953) (11,828)
Net payments on the settlement of equity-based awards (5,200) (6,842)
Other financing activities (2,199) (2,114)
Repurchase of common stock 0 (32,146)
Cash provided by (used in) financing activities 238,146 (164,314)
Cash Flows from Discontinued Operations    
Cash used in operating activities (997) (48)
Cash used in discontinued operations (997) (48)
Effect of exchange rate changes on cash and cash equivalents 3,566 448
Increase (decrease) in cash and cash equivalents 248,296 (49,778)
Cash and cash equivalents at beginning of period 436,176 509,265
Cash and cash equivalents at end of period $ 684,472 $ 459,487