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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net Loss $ (1,170,812) $ (60,529)
Adjustments for non-cash items:    
Depreciation and amortization 63,423 65,462
Unrealized foreign exchange gain 2,364 6,438
Deferred tax benefit (49,601) (3,730)
Interest expense, net 11,202 25,516
Share based compensation 13,970 80,841
Other income, net (1,815) (31,975)
Impairment expense on goodwill and intangible assets 1,205,731 578
Allowance for credit losses and other 5,888 5,985
Non-cash lease expense 2,269 2,462
Movements in working capital:    
Accounts receivable, net (14,529) (20,856)
Prepaid expenses, other current assets, and related party receivables (5,151) (3,813)
Settlement receivables, net 22,447 14,379
Accounts payable, other liabilities, and related party payables (1,189) (9,309)
Funds payable and amounts due to customers 418,944 (21,272)
Income tax payable 707 (1,437)
Net cash flows provided by operating activities 503,848 48,740
Cash flows from investing activities    
Purchase of property, plant & equipment (650) (412)
Purchase of merchant portfolios (10,364) (1,644)
Purchase of other intangible assets (19,989) (14,994)
Acquisition of businesses, net of cash acquired (424,722) (23,531)
Net cash flows used in investing activities (455,725) (40,581)
Cash flows from financing activities    
Cash settled equity awards (154) 0
Proceeds from exercise of warrants 3 0
Net cash inflow from reorganization and recapitalization 0 1,167,874
Payment of equity issuance costs 0 (133,422)
Proceeds from loans and borrowings 50,000 0
Repayment of loans and borrowings (60,885) (1,155,743)
Payment of debt issuance costs (6,261) 0
Payments under derivative financial instruments, net 0 (4,693)
Proceeds under line of credit 150,000 150,000
Repayments under line of credit (150,000) (150,000)
Contingent consideration paid (1,436) (970)
Net cash flows used in financing activities (18,733) (126,954)
Effect of foreign exchange rate changes (31,068) (62,402)
Decrease in cash and cash equivalents, including customer accounts and other restricted cash during the period (1,678) (181,197)
Cash and cash equivalents, including customer accounts and other restricted cash at beginning of the period 1,971,718 1,763,852
Cash and cash equivalents at end of the period, including customer accounts and other restricted cash 1,970,040 1,582,655
Supplemental cash flow disclosures:    
Cash paid for interest 14,754 36,853
Cash paid / (received) for Income taxes, net 5,480 (769)
Cash and cash equivalents 258,046 274,438
Customer accounts and other restricted cash, net 1,711,994 1,308,217
Total cash and cash equivalents, including customer accounts and other restricted cash, net $ 1,970,040 $ 1,582,655