XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 20,245 $ 11,079
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 60,453 63,562
Gain on investment in equity securities (2,122) (968)
Amortization of deferred financing costs 890 2,006
Loss on disposal of equipment and improvements   872
Share-based compensation expense 21,947 21,459
Deferred taxes, net 8,090 14,118
Other (2,541) 365
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net (2,908) 3,048
Other receivables (12,667) 3,091
Inventory (3,966) 631
Other current assets 971 (1,439)
Operating lease right-of-use assets 5,878 4,912
Other assets (3,789) (2,777)
Accounts payable 1,969 3,631
Accrued expenses and other current liabilities 17,814 683
Settlement processing funds, net 22,208 (44,270)
Operating lease liabilities (5,676) (5,637)
Other (1,358) (2,310)
Net cash provided by operating activities 125,438 72,056
Cash flows from investing activities:    
Acquisition of businesses, net of cash acquired (5,254) (18,809)
Purchase of equipment and improvements (26,774) (25,929)
Acquisition of intangible assets (18,256) (6,871)
Collections of notes receivable   48
Net cash used in investing activities (50,284) (51,561)
Cash flows from financing activities:    
Net repayments of settlement lines of credit (3,680) (1,433)
Proceeds from long-term debt 11,200  
Repayments of long-term debt (22,225) (4,945)
Deferred and contingent consideration paid (1,593) (484)
Repurchases of shares to satisfy minimum tax withholding (3,156) (4,463)
Proceeds from exercise of common stock options 7,301 7,668
Distributions to non-controlling interest holders (9,398) (10,914)
Contribution from non-controlling interest holders 2,133 1,487
Net cash used in financing activities (19,418) (13,084)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (36,088) (9,708)
Net increase (decrease) in cash, cash equivalents, and restricted cash 19,648 (2,297)
Cash, cash equivalents, and restricted cash, beginning of period 410,615 418,539
Cash, cash equivalents, and restricted cash, end of period $ 430,263 $ 416,242