Total System Services, Inc. TSS Cash Flow

Total system services, inc. (TSS)

CashFlow / Yearly

Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash flows from operating activities:
Net income
577,917	592,216	325,972	369,041	329,406	256,597	249,923	222,662	205,621	219,176	251,676
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
408,573	405,906	373,546	258,264	248,018	205,351	170,610	169,165	163,111	156,471	164,643
Provisions for cardholder losses
65,108	51,194	49,363	41,264	38,381	11,912	-	-	-	-	-
Share-based compensation
48,758	42,409	43,728	41,549	30,790	28,933	18,621	16,477	15,832	16,128	24,733
Provisions for bad debt expenses and billing adjustments
10,313	10,169	7,584	4,495	-2,823	-2,000	-1,054	-1,552	798	-6,381	618
Charges for transaction processing provisions
7,163	11,716	5,351	6,976	9,468	7,458	2,803	4,750	3,891	6,556	3,172
Amortization of debt issuance costs
4,982	4,307	13,570	1,841	1,817	7,269	298	160	154	154	154
Dividends received from equity investments
24,921	20,589	15,246	12,097	9,189	8,595	7,524	6,835	6,572	4,942	6,421
Changes in value of private equity investments
-	-	-	-	793	966	898	-	-	-	-
Loss (gain) on foreign currency
109	-907	1,748	-388	-999	-1,027	-2,012	-3,091	-162	-2,607	10,481
Amortization of bond discount
1,027	907	750	397	383	225	-	-	-	-	-
(Gain) Loss on disposal of equipment, net
-84	-3,605	-774	397	293	79	-324	1,159	-145	-375	-182
Loss on impairment
-	-	-	-	-	-	-	799	-	-	-
Excess tax benefit from share-based payment arrangements
-	-	9,905	24,357	7,185	3,528	1,259	-523	111	6	90
Deferred income tax expense
21,400	-172,488	7,435	-4,083	-8,963	26,945	285	1,491	-4,388	-3,864	-4,439
Gain on disposal of subsidiaries
-	-	-	3,568	86,961	-	-	-	-1,591	-5,713	-
Equity in income of equity investments, net of tax
45,156	40,532	26,115	25,430	17,583	13,047	10,171	8,708	7,142	6,985	7,397
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable
34,834	29,729	73,235	39,218	33,406	8,667	-2,855	7,044	7,138	-10,807	15,490
Contract assets and contract liabilities
2,771	-6,184	2,262	-	-	-	-	-	-	-	-
Contract cost assets
3,316	-	-	-	-	-	-	-	-	-	-
Prepaid expenses, other current assets and other long-term assets
-16,402	-3,089	58,345	7,372	10,525	571	2,945	-23,099	1,495	-27,893	48,024
Accounts payable
2,718	17,653	-12,562	-3,987	8,765	-52,042	37,206	-15,512	13,916	-11,883	4,550
Accrued salaries and employee benefits
-12,543	13,538	-2,597	29,168	414	-403	-7,083	4,492	-21,965	-11,697	-25,267
Other current liabilities and other long-term liabilities
-55,602	-84,591	61,734	-55,034	45,457	-24,611	-15,406	13,646	21,202	369	7,874
Net cash provided by operating activities
1,041,667	857,049	718,284	602,034	560,201	452,398	455,753	436,319	389,160	423,137	352,835
Cash flows from investing activities:
Additions to licensed computer software from vendors
89,756	25,916	11,551	50,729	29,638	63,635	33,001	19,502	69,826	20,059	31,499
Purchases of property and equipment
113,266	70,039	51,132	54,640	75,913	40,598	31,395	26,938	46,547	34,017	47,969
Additions to contract acquisition costs
-	69,806	45,847	58,728	88,871	55,965	34,384	31,623	75,669	35,596	41,456
Additions to internally developed computer software
39,162	30,265	34,043	39,219	41,501	33,600	19,285	17,882	25,466	31,445	21,777
Cash used in acquisitions, net of cash acquired
1,051,629	-	2,345,493	750	38,584	1,314,660	188,698	47,909	148,531	294	50,017
Purchase of private equity investments
-	-	-	-	3,291	1,378	3,031	1,573	-	-	-
Proceeds from insurance recovery for loss on disposal
-	-	-	-	6,212	-	-	-	-	-	-
Dividends received from equity investments as return of capital
-	-	-	-	-	-	-	-	68	-	-
Proceeds from dispositions, net of expenses paid and cash disposed
-	-	-	-	44,979	-	-	-	4,265	1,979	-
Subsidiary repurchase of noncontrolling interests
-	-	-	-	-	-	-	493	-	-	343
Proceeds from sale of acquisition intangibles
3,847	-	-	-	-	-	-	4,500	-	-	-
Other investing activities
4,183	2,718	4,930	-42	-	-	-	-	-	-	-
Net cash used in investing activities
-1,294,149	-198,744	-2,492,996	-204,024	-226,607	-1,509,836	-309,794	-141,420	-361,706	-119,432	-193,061
Cash flows from financing activities:
Principal payments on long-term borrowings, finance lease obligations and license agreements
2,812,366	421,306	724,084	54,719	69,939	166,805	200,052	28,892	11,741	18,869	67,631
Purchase of noncontrolling interest
126,000	70,000	5,878	-	37,500	-	-	174,050	-	-	-
Dividends paid on common stock
94,557	79,017	73,378	73,677	74,796	56,510	94,035	53,949	55,087	55,208	55,449
Subsidiary dividends paid to noncontrolling shareholders
3,777	5,997	5,548	5,028	7,172	7,321	2,797	433	9,031	235	241
Repurchase of common stock under plans and tax withholding
172,966	284,237	30,275	242,235	170,516	103,857	74,939	121,271	46,228	328	35,698
Debt issuance costs
16,004	-	26,555	-	-	13,573	2,073	-	-	-	-
Excess tax benefit from share-based payment arrangements
-	-	9,905	24,357	7,185	3,528	1,259	-523	111	6	90
Proceeds from borrowings of long-term debt
3,477,000	200,000	2,666,295	1,912	1,396	1,395,661	150,000	-	39,757	5,334	18,575
Proceeds from exercise of stock options
31,177	21,832	11,708	58,636	34,869	40,691	9,672	8,065	543	2	268
Net cash provided by (used in) financing activities
282,507	-638,725	1,822,190	-290,754	-316,473	1,091,814	-212,965	-371,053	-81,676	-69,298	-140,086
Cash, cash equivalents and restricted cash:
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-7,116	5,980	-11,197	-7,111	-6,168	-3,758	-1,719	-2,304	-938	-4,470	-10,188
Net increase (decrease) in cash, cash equivalents and restricted cash
22,909	25,560	36,281	100,145	10,953	30,618	-68,725	-78,458	-55,160	229,937	9,500
Supplemental cash flow information:
Interest paid
154,487	112,705	84,420	40,425	40,969	23,157	2,952	3,088	2,191	3,368	11,299
Income taxes paid, net
78,546	269,113	87,428	171,455	135,770	80,033	106,778	82,084	122,173	104,004	151,165