|
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Net income |
$ 7,125 |
$ 15,933 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
17,280 |
16,150 |
| Share-based compensation |
2,875 |
3,137 |
| Unrealized foreign exchange loss, net |
12,952 |
(1,269) |
| Deferred income taxes |
(612) |
(1,661) |
| Accretion of convertible debt discount and amortization of debt issuance costs |
3,014 |
297 |
| Changes in working capital, net of amounts acquired: |
|
|
| Income taxes payable, net |
(5,092) |
(2,223) |
| Restricted cash |
22,726 |
8,405 |
| Inventory - PINs and other |
12,874 |
28,665 |
| Trade accounts receivable |
51,155 |
75,110 |
| Prepaid expenses and other current assets |
(43,700) |
11,450 |
| Trade accounts payable |
(100,741) |
(94,149) |
| Deferred revenue |
548 |
449 |
| Accrued expenses and other current liabilities |
75,558 |
(8,467) |
| Changes in noncurrent assets and liabilities |
(1,461) |
1,232 |
| Net cash provided by operating activities |
54,501 |
53,059 |
| Cash flows from investing activities: |
|
|
| Purchases of property and equipment |
(13,433) |
(11,049) |
| Purchases of other long-term assets |
(1,806) |
(1,327) |
| Other, net |
456 |
131 |
| Net cash used in investing activities |
(14,783) |
(12,245) |
| Cash flows from financing activities: |
|
|
| Proceeds from issuance of shares |
2,350 |
2,045 |
| Repurchas of shares |
(4,997) |
(560) |
| Borrowings from revolving credit agreements |
252 |
413,913 |
| Repayments of revolving credit agreements |
0 |
(371,600) |
| Repayments of long-term debt obligations |
(938) |
(2,000) |
| Repayments of capital lease obligations |
(697) |
(629) |
| Repayments of short-term debt obligations, net |
(600) |
(1,337) |
| Other, net |
262 |
(28) |
| Net cash provided by (used in) provided by financing activities |
(4,368) |
39,804 |
| Effect of exchange rate changes on cash and cash equivalents |
(22,648) |
1,856 |
| Increase in cash and cash equivalents |
12,702 |
82,474 |
| Cash and cash equivalents at beginning of period |
468,010 |
209,826 |
| Cash and cash equivalents at end of period |
480,712 |
292,300 |
| Interest paid during the period |
1,118 |
803 |
| Income taxes paid during the period |
$ 11,944 |
$ 8,207 |