GLOBAL PAYMENTS INC GPN Cash Flow

Global payments inc (GPN)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	May'16	Mar'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10	Nov'09	Aug'09
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
500,679	469,276	438,297	518,597	506,286	484,667	651,649	583,983	538,697	494,070	271,667	215,528	184,264	204,217	259,393	290,217	0	319,148	315,551	317,729	309,115	297,271	288,077	282,678	269,952	258,052	260,745	256,259	238,713	203,993	206,869	199,647	217,566	268,277	256,709	246,443	228,156	204,830	202,160	210,459	219,109	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment
253,618	211,200	171,437	158,800	152,365	145,128	138,139	131,164	122,207	113,273	109,641	104,439	98,075	91,737	80,752	74,192	0	70,633	67,560	66,115	64,918	65,107	64,740	62,855	60,124	57,812	56,968	56,334	55,023	53,438	51,453	49,500	48,403	47,333	44,907	43,088	40,545	39,099	37,505	35,892	35,864	0	0	0
Amortization of acquired intangibles
873,870	667,100	459,441	412,390	397,350	377,700	352,519	349,086	341,676	337,900	341,930	359,417	329,707	266,180	194,306	113,689	0	80,734	78,279	75,581	72,587	72,576	69,109	65,406	61,945	58,227	60,157	59,933	56,765	55,111	51,461	49,278	50,696	51,882	50,842	46,661	41,692	35,662	32,185	32,557	32,803	0	0	0
Amortization of capitalized contract costs
68,977	66,086	62,038	59,671	57,175	51,541	49,516	49,252	46,363	45,098	47,845	34,663	27,282	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation expense
106,038	89,634	68,680	55,636	54,346	57,826	53,261	48,046	45,177	39,095	40,755	39,860	37,860	36,044	33,065	30,809	0	26,701	25,383	23,457	21,056	27,351	26,973	29,071	29,793	21,633	21,214	18,993	18,427	17,658	17,144	16,635	16,391	16,933	16,620	16,371	15,885	17,977	18,329	18,560	18,072	0	0	0
Provision for operating losses and bad debts
125,108	100,188	45,805	38,932	46,709	43,237	43,549	45,445	44,198	48,443	51,153	50,014	48,931	40,019	33,063	27,202	0	19,803	18,331	14,461	14,506	16,901	17,757	19,648	20,574	19,181	19,938	20,881	21,659	20,265	21,326	21,617	22,417	24,109	23,492	22,143	20,577	21,613	22,019	23,502	25,025	0	0	0
Noncash lease expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-150,492	-108,309	-39,468	-4,873	-8,135	-1,451	-204,550	-215,128	-230,369	-250,670	-75,174	-72,126	-67,784	-54,585	-31,188	-18,162	0	64,308	84,961	80,958	81,079	8,577	-8,854	-3,878	-1,799	8,933	9,130	28,623	33,112	1,926	4,642	-17,056	-19,498	21,373	21,782	23,467	19,154	27,384	24,100	4,644	2,722	0	0	0
Gain on sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
12,394	570	-15,826	-20,672	6,021	8,025	7,305	-20,785	-37,441	-44,070	-53,290	-49,775	-50,252	-45,890	-27,655	-15,370	0	-10,308	-10,834	-10,337	-8,249	9	-2,474	348	1,484	2,192	6,992	5,828	4,878	5,518	4,906	4,157	2,775	1,163	120	2,459	3,576	-28	1,264	-1,609	-2,443	0	0	0
Changes in operating assets and liabilities, net of the effects of business combinations:
Accounts receivable
31,411	115,528	86,399	61,397	82,929	33,386	35,722	30,958	12,975	14,096	28,368	2,712	23,852	8,082	-17,457	14,542	0	7,448	20,544	14,197	-1,248	857	-5,335	11,408	18,539	8,722	12,532	7,743	5,458	9,218	19,598	2,523	16,422	18,385	13,277	26,575	34,723	19,467	21,369	27,766	11,689	0	0	0
Claims receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	18,836	-	9,583	9,883	10,447	11,569	11,768	11,825	12,450	11,858	11,010	12,239	12,200	13,519	14,635	14,210	14,626	14,425	14,918	14,979	15,189	14,936	0	0	0
Settlement processing assets and obligations, net
-108,320	-213,701	-766,156	53,469	-119,590	-83,478	187,653	202,918	402,386	361,673	187,390	27,924	147,157	-45,214	194,339	-218,061	0	-472,919	-143,430	-503,344	78,794	249,710	459,516	305,510	241,431	111,648	-111,971	211,551	104,007	56,561	80,157	-111,006	568,335	668,081	-40,016	197,156	-299,895	-533,206	716,810	657,878	-140,962	0	0	0
Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,159	-5,347	-6,253	1,187	-844	2,479	2,525	2,394	2,725	4,187	3,978	-1,979	-1,989	-4,501	-5,750	4,727	0	0	0
Prepaid expenses and other assets
135,856	159,056	191,397	217,081	180,634	160,800	168,949	196,574	179,861	129,427	133,149	69,171	88,706	94,283	23,457	64,216	0	15,033	12,574	14,313	-5,426	879	-21,930	-8,641	-23,788	-30,900	6,013	-2,307	22,978	28,999	7,755	7,155	-3,511	-9,146	-8,199	-8,486	-3,537	19,233	20,609	16,448	13,710	0	0	0
Capitalized customer acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and other liabilities
-177,929	-95,091	84,064	-81,184	-13,793	66,182	128,839	168,922	152,818	146,327	79,415	95,688	57,169	40,378	-21,386	-81,506	0	-63,983	-38,754	-46,211	-69,513	-16,878	-6,914	20,800	2,744	22,579	6,650	-64,287	-39,374	29,711	49,263	98,170	85,875	21,837	38,983	50,288	89,230	38,378	24,151	28,777	18,803	0	0	0
Payables to money transfer beneficiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,107	0	0	0
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	3,034	12,678	1,008	6,587	-13,502	-9,640	793	4,609	-6,266	-13,736	-4,484	1,244	12,634	21,967	-2,577	-3,183	0	0	0
Net cash provided by operating activities
1,598,123	1,391,278	1,794,465	846,679	1,051,270	1,106,082	813,271	751,083	502,964	512,388	647,337	783,887	524,662	654,646	308,110	592,890	0	960,811	657,011	1,006,742	429,877	226,782	9,351	153,812	194,098	350,180	527,436	148,732	240,546	258,138	265,384	501,030	-173,475	-250,365	456,622	208,271	709,772	880,855	-380,377	-335,124	465,761	0	0	0
Cash flows from investing activities:
Acquisitions, net of cash acquired
636,988	644,622	824,993	1,337,937	1,334,522	1,259,692	0	0	0	-	-	-	-	1,826,337	1,826,379	2,034,406	-	365,089	374,254	592,728	355,971	656,869	647,851	431,297	426,524	3,108	26,609	433,826	434,016	433,456	447,005	44,464	44,274	44,438	171,480	165,479	167,968	180,229	15,942	31,753	29,513	0	0	0
Capital expenditures
357,547	307,868	258,247	243,933	224,638	213,290	201,353	194,616	179,461	181,905	178,428	178,871	169,175	144,258	121,830	91,591	0	93,352	95,506	91,251	92,550	76,887	73,523	79,305	81,411	84,844	85,375	89,616	98,590	113,808	129,123	126,962	109,876	92,526	81,974	85,903	98,537	96,629	87,086	69,738	56,054	0	0	0
Net proceeds from sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-24,080	-35,404	-28,190	-11,313	-11,953	3,305	-16,676	-3,809	30,161	28,997	0	0	0	-	-	-	0	-	-	-	2,997	-4,487	-5,156	-5,819	-6,265	-2,651	-2,655	-2,737	-2,812	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in financing receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Proceeds From Sale Of Investment And Contract Rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	311	0	0	0
Net cash used in investing activities
-970,455	-917,086	-1,055,050	-1,570,557	-1,547,207	-1,476,287	-953,393	-753,427	-734,745	-736,025	-753,865	-173,386	-1,961,042	-1,935,751	-1,911,835	-2,127,248	0	-461,657	-472,907	-687,126	-440,921	-722,193	-708,792	-495,245	-501,670	-80,553	-105,000	-518,488	-528,567	-543,251	-572,129	-167,552	-150,433	-135,210	-251,836	-251,768	-267,020	-216,550	-43,347	-40,927	-25,204	0	0	0
Cash flows from financing activities:
Net repayments of settlement lines of credit
-259,215	-236,473	-123,071	191,271	207,950	70,783	0	0	0	-	-	-	84,904	-286,891	336,553	-206,009	0	-233,858	209,755	-249,186	198,884	222,695	84,213	323,670	252,667	94,903	234,109	119,233	-27,930	-48,564	-13,277	-101,818	-55,354	26,755	44,795	226,937	191,558	178,448	171,058	72,013	69,013	0	0	0
Proceeds from long-term debt
7,466,903	7,203,903	7,872,838	2,666,000	2,809,214	2,774,214	1,887,214	1,786,214	2,154,324	1,994,324	2,797,334	2,201,324	4,340,055	4,347,055	3,471,795	6,078,230	0	4,089,517	4,447,017	4,928,267	2,496,842	1,893,500	2,960,000	2,640,000	2,690,000	2,440,000	1,035,000	1,525,327	1,135,327	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term debt
6,422,607	6,484,689	6,933,038	1,848,738	1,789,554	2,304,314	1,863,325	1,723,338	2,279,629	1,781,541	2,497,057	2,464,059	2,212,326	2,220,594	1,335,508	3,691,608	0	3,820,403	4,128,403	4,412,153	2,148,907	1,539,407	2,353,896	2,292,761	2,260,597	2,142,429	918,596	783,784	482,349	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of redeemable noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	307,675	0	0	0
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	0	0
Principal payments under long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	0	0
Payments of debt issuance costs
-	-	-	-	-	16,345	12,544	10,943	9,210	9,520	18,799	18,740	68,623	67,727	58,448	63,382	0	4,934	4,934	4,934	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
576,548	311,383	261,296	264,933	364,195	208,198	0	0	0	-	-	-	-	242,371	167,766	135,954	0	223,375	264,411	274,400	372,387	420,589	376,848	435,890	447,307	296,206	412,827	315,748	175,297	137,653	12,653	29,631	99,604	99,604	99,604	73,222	14,900	0	0	0	-	-	-	-
Proceeds from stock issued under share-based compensation plans
44,949	24,514	23,755	20,930	19,553	14,318	15,618	10,267	11,579	10,115	9,710	12,281	8,443	8,256	9,418	8,480	0	10,962	11,768	12,475	22,550	20,854	21,460	40,317	31,727	31,026	30,829	10,166	10,543	11,073	19,294	18,657	11,446	15,922	15,634	16,002	18,364	21,621	14,193	25,726	30,248	0	0	0
Common stock repurchased - share-based compensation plans
97,323	62,577	35,723	32,688	39,959	31,510	55,414	41,332	32,652	31,761	26,596	20,808	20,981	21,047	19,047	12,236	0	11,327	11,564	8,739	15,690	16,174	16,126	16,182	5,681	5,711	5,280	8,500	10,244	10,229	15,085	11,209	4,861	0	0	0	-	-	-	-	-	-	-	-
Tax benefit from share-based compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	7,782	-	5,544	5,659	8,416	6,475	4,854	4,487	1,343	1,863	1,196	1,796	1,754	1,441	9,842	10,459	10,443	9,141	3,942	3,267	4,705	7,186	0	0	0
Proceeds from sale of subsidiary shares to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	16,374	16,374	16,374	-	-10,597	-10,528	-10,528	0	7,076	7,426	9,538	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interests
26,060	31,632	31,632	31,925	11,258	5,686	5,686	0	9,293	9,301	26,600	21,666	17,113	27,515	10,216	23,308	0	38,966	32,426	36,662	39,753	22,281	36,562	35,437	36,670	36,294	26,059	25,955	16,206	0	0	0	-	-	9,027	9,148	8,752	8,673	8,611	8,561	20,484	0	0	0
Dividends paid
79,948	23,240	23,240	-34	-22	0	-5,141	-380	71	0	6,671	6,620	6,135	5,906	5,673	5,439	0	5,200	5,249	5,275	5,340	5,462	5,556	5,671	5,757	5,840	5,939	6,076	6,198	6,259	6,295	6,276	6,311	6,346	6,377	6,415	6,388	6,402	6,432	6,467	6,497	0	0	0
Net cash used in financing activities
-56,946	-28,674	445,846	688,158	809,682	286,930	-29,859	29,483	-59,691	352,305	-128,610	-569,703	1,886,686	1,493,113	2,230,693	1,957,598	0	-242,360	216,925	-48,001	136,199	138,680	276,383	220,501	218,896	78,342	-306,276	270,019	183,522	245,958	530,935	-200,542	-218,186	-203,881	-100,070	164,237	114,123	5,648	-40,865	-115,831	-95,750	0	0	0
Effect of exchange rate changes on cash
-48,294	21,877	-48,249	-16,082	-41,935	-41,702	-25,465	-8,186	35,450	44,408	9,403	-4,950	-13,961	-37,686	-18,726	-29,251	0	-41,442	-57,041	-64,190	-56,288	-46,681	-29,306	-9,071	-9,922	-17,369	-17,588	-15,707	3,694	-13,618	3,211	-15,557	-30,916	-3,876	2,484	24,999	27,464	17,336	51	-2,254	-1,796	0	0	0
Increase in cash and cash equivalents
522,428	467,395	1,137,012	-51,802	271,810	-124,977	-195,446	18,953	-256,022	173,076	118,847	35,848	436,345	174,322	608,242	393,989	0	215,352	343,988	207,425	68,867	-403,412	-452,364	-130,003	-98,598	330,600	98,572	-115,444	-100,805	-52,773	227,401	117,379	-573,010	-593,332	107,200	145,739	584,339	687,289	-464,538	-494,136	343,011	0	0	0