XML 23 R9.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Statement Of Cash Flows [Abstract]    
Net loss $ (47.2) $ (45.0)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Deferred income tax expense (benefit) 6.4 (29.2)
Depreciation and amortization 42.5 38.3
Amortization of debt issuance costs and debt discount 2.0 6.2
Provision for doubtful accounts 1.7 0.9
Net periodic pension and postretirement cost 2.4 4.4
Share-based compensation 74.3 54.2
Change in fair value of contingent consideration 2.0
Other (1.2) (0.4)
Changes in operating assets and liabilities excluding effects of acquisitions and divestitures:    
Trade and other receivables (9.3) (3.7)
Prepaid expenses and other current assets (14.3) (12.1)
Accounts payable and other accrued expenses (3.3) (1.5)
Deferred revenue (5.2) 1.7
Employee compensation and benefits (2.4) (14.3)
Accrued interest 0.4
Accrued taxes (7.9) 27.4
Other assets and liabilities (1.8) (4.2)
Net cash provided by operating activities 38.7 23.1
Cash Flows from Investing Activities    
Purchase of customer funds marketable securities (450.5) (280.8)
Proceeds from sale and maturity of customer funds marketable securities 240.4 276.2
Expenditures for property, plant, and equipment (6.6) (5.9)
Expenditures for software and technology (35.6) (25.4)
Acquisition costs, net of cash and restricted cash acquired (373.6)
Net cash used in investing activities (252.3) (409.5)
Cash Flows from Financing Activities    
Increase (decrease) in customer funds obligations, net 1,983.4 (566.1)
Proceeds from issuance of common stock under share-based compensation plans 13.3 34.4
Repayment of long-term debt obligations (4.2) (2.7)
Proceeds from revolving credit facility 295.0
Repayment of revolving credit facility (295.0)
Proceeds from issuance of convertible senior notes, net of issuance costs 561.8
Purchases of capped calls related to convertible senior notes (45.0)
Net cash provided by (used in) financing activities 1,992.5 (17.6)
Effect of exchange rate changes on cash, restricted cash, and equivalents (4.9) 6.7
Net increase (decrease) in cash, restricted cash, and equivalents 1,774.0 (397.3)
Cash, restricted cash, and equivalents at beginning of period 1,952.9 2,228.5
Cash, restricted cash, and equivalents at end of period 3,726.9 1,831.2
Reconciliation of cash, restricted cash, and equivalents to the condensed consolidated balance sheets    
Cash and equivalents 371.2 335.2
Restricted cash 1.0 2.0
Restricted cash and equivalents included in customer funds 3,354.7 1,494.0
Cash, restricted cash, and equivalents at end of period $ 3,726.9 $ 1,831.2