Total System Services, Inc. TSS Cash Flow

Total system services, inc. (TSS)

CashFlow / TTM

Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
616,747	596,422	577,917	685,368	654,134	628,211	592,216	422,720	385,435	340,671	325,972	336,313	370,923	382,550	369,041	365,568	328,715	356,680	329,406	317,555	299,852	249,073	256,597	249,462	244,011	251,428	249,923	248,580	244,225	230,894	222,662	213,366	205,383	203,214	205,621	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
408,377	407,894	408,573	412,095	411,048	406,117	405,906	405,899	404,531	410,141	373,546	338,513	304,096	263,032	258,264	254,410	252,345	249,401	248,018	247,688	244,701	224,285	205,351	185,771	169,567	172,235	170,610	171,091	170,216	168,970	169,165	169,407	167,180	165,615	163,111	0	0	0
Amortization of operating lease right of use assets
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provisions for cardholder losses
56,215	62,832	65,108	63,069	58,040	54,191	51,194	51,110	51,734	49,802	49,363	48,932	46,270	44,689	41,264	38,079	37,056	37,426	38,381	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
50,448	53,177	48,758	46,863	42,878	39,657	42,409	38,398	43,059	44,617	43,728	43,873	42,100	41,564	41,549	39,239	33,364	31,322	30,790	32,365	36,728	31,951	28,933	25,860	19,799	19,616	18,621	16,132	16,459	15,743	16,477	16,798	16,520	17,251	15,832	0	0	0
Provisions for bad debt expenses and billing adjustments
10,730	10,422	10,313	9,785	10,433	11,087	10,169	10,602	9,552	8,064	7,584	12,831	9,919	7,361	4,495	-4,360	-4,002	-3,499	-2,823	-1,789	-1,766	-2,373	-2,000	-2,434	-2,239	-1,574	-1,054	-2,693	-2,781	-1,204	-1,552	964	1,305	1,252	798	0	0	0
Charges for transaction processing provisions
5,305	6,441	7,163	10,691	10,840	10,528	11,716	7,715	7,213	6,159	5,351	6,860	5,946	6,497	6,976	7,858	9,723	9,230	9,468	3,994	3,331	5,124	7,458	10,000	8,925	5,900	2,803	2,414	3,089	4,517	4,750	4,715	4,414	4,338	3,891	0	0	0
Amortization of debt issuance costs
5,272	5,269	4,982	4,728	4,506	4,263	4,307	4,318	4,282	4,263	13,570	12,962	12,375	11,769	1,841	1,834	1,828	1,823	1,817	1,855	1,860	4,861	7,269	6,893	6,519	3,111	298	225	177	181	160	154	154	142	154	0	0	0
Dividends received from equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,835	0	0	0	-	-	-	-
Changes in value of private equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,002	2,080	1,651	793	-22	-27	51	966	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on foreign currency
-285	-602	109	638	24	-1,023	-907	-1,166	-545	927	1,748	1,744	1,991	525	-388	248	55	-1,827	-999	-2,130	-3,063	-647	-1,027	-365	-305	-1,463	-2,012	-2,599	-4,152	-3,243	-3,091	-2,879	-600	-761	-162	0	0	0
Amortization of bond discount
1,102	1,071	1,027	983	940	917	907	898	881	871	750	629	518	401	397	394	390	387	383	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) Loss on disposal of equipment, net
749	225	-84	-2,385	-3,209	-3,611	-3,605	-1,707	-913	-769	-774	87	112	398	397	316	297	293	293	130	126	132	79	-325	-350	-381	-324	-314	-299	-336	1,159	1,475	1,295	1,382	-145	0	0	0
Loss on impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	799	0	0	0	-	-	-	-
Excess tax benefit from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	9,905	28,416	28,285	26,097	24,357	5,539	5,520	6,941	7,185	7,339	7,259	7,029	3,528	2,750	2,646	1,285	1,259	663	76	-116	-523	50	54	103	111	0	0	0
Deferred income tax expense
24,001	33,965	21,400	-104,880	-135,640	-158,199	-172,488	-43,110	-29,275	-11,830	7,435	25,987	27,390	15,075	-4,083	-18,934	-13,443	-12,716	-8,963	-14,828	-1,949	22,254	26,945	28,424	18,959	3,302	285	-16,697	12,975	4,042	1,491	-1,577	-21,880	-4,179	-4,388	0	0	0
Change in value of equity investments
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in income of equity investments, net of tax
45,671	45,775	45,156	44,926	41,039	38,231	40,532	38,081	36,313	32,776	26,115	29,074	27,681	26,284	25,430	21,061	19,860	18,881	17,583	15,521	14,178	13,326	13,047	12,545	11,710	11,214	10,171	8,216	10,849	9,212	8,708	10,254	6,768	8,519	7,142	0	0	0
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable
86,356	84,653	34,834	67,898	35,128	46,567	29,729	49,354	56,941	10,347	73,235	31,770	33,279	39,664	39,218	38,867	42,844	58,586	33,406	52,396	25,521	25,830	8,667	5,596	4,800	-14,024	-2,855	932	26,830	15,439	7,044	-22,477	-14,970	14,041	7,138	0	0	0
Contract assets and contract liabilities
7,939	14,626	2,771	-19,290	-2,611	-10,910	-6,184	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract cost assets
-2,887	1,264	3,316	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses, other current assets and other long-term assets
41,568	14,833	-16,402	-6,655	-7,355	-22,490	-3,089	27,798	37,385	77,638	58,345	27,157	23,343	16,483	7,372	-1,615	-2,200	6,053	10,525	-1,255	-7,471	-28,506	571	19,961	23,165	28,148	2,945	-28,271	-13,900	-2,009	-23,099	-20,091	-28,396	-9,659	1,495	0	0	0
Accounts payable
-3,070	1,347	2,718	-526	1,108	13,134	17,653	16,936	18,088	-1,587	-12,562	-17,903	-22,024	-10,184	-3,987	-3,053	6,023	-4,943	8,765	-332	-14,134	-6,122	-52,042	-10,537	-139	-2,801	37,206	6,805	470	-1,052	-15,512	-36,053	-26,599	962	13,916	0	0	0
Accrued salaries and employee benefits
-12,041	-1,426	-12,543	-2,346	1,914	-4,749	13,538	-3,200	-2,203	6,322	-2,597	13,867	2,913	-750	29,168	14,465	10,621	-1,149	414	687	-3,920	-1,123	-403	-3,068	3,530	2,762	-7,083	-6,465	-2,621	-819	4,492	3,041	-19,423	-3,058	-21,965	0	0	0
Other current liabilities and other long-term liabilities
-56,085	794	-55,602	-92,184	-83,600	-192,633	-84,591	1,051	-407	111,923	61,734	-20,149	-34,815	-70,032	-55,034	-17,305	-4,638	67,377	45,457	58,240	46,788	2,741	-24,611	-38,826	-27,503	-27,470	-15,406	19,622	6,387	20,480	13,646	-3,871	23,800	-21,877	21,202	0	0	0
Net cash provided by operating activities
966,504	1,057,363	1,041,667	950,129	926,664	780,061	857,049	826,632	780,181	861,337	718,284	692,560	655,822	589,370	602,034	630,641	606,052	569,987	560,201	535,027	534,592	548,667	452,398	429,251	409,597	410,277	455,753	472,641	440,429	432,061	436,319	406,923	392,746	357,796	389,160	0	0	0
Cash flows from investing activities:
Additions to licensed computer software from vendors
131,749	124,557	89,756	35,298	34,564	34,581	25,916	23,553	10,740	11,819	11,551	44,789	48,974	44,042	50,729	32,193	35,043	35,256	29,638	43,720	43,653	39,694	63,635	48,028	43,434	60,312	33,001	28,854	30,898	20,815	19,502	52,635	54,896	67,337	69,826	0	0	0
Purchases of property and equipment
95,502	110,593	113,266	105,308	91,908	79,868	70,039	61,570	57,202	53,432	51,132	50,269	52,855	54,533	54,640	57,062	61,215	72,319	75,913	71,058	64,049	47,758	40,598	31,995	31,286	32,892	31,395	33,113	28,205	25,962	26,938	34,820	41,901	43,337	46,547	0	0	0
Additions to contract acquisition costs
-	-	-	-	-	-	69,806	29,125	29,226	32,505	45,847	46,141	49,910	67,374	58,728	73,302	89,342	83,332	88,871	85,681	71,082	60,202	55,965	45,508	42,150	42,951	34,384	34,817	32,356	29,520	31,623	55,401	71,788	72,957	75,669	0	0	0
Additions to internally developed computer software
44,045	41,227	39,162	37,946	36,618	33,250	30,265	30,349	29,140	32,854	34,043	33,270	36,834	38,202	39,219	41,892	41,099	41,327	41,501	42,344	42,349	38,038	33,600	26,602	21,686	20,147	19,285	19,753	18,761	17,839	17,882	23,577	25,302	24,184	25,466	0	0	0
Cash used in acquisitions, net of cash acquired
-	-	1,051,629	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	188,698	0	0	0	-	-	-	-	-	-	-	-
Purchase of private equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,291	3,522	1,185	1,789	1,378	1,807	3,414	2,943	3,031	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of private equity investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of acquisition intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,500	0	0	0	-	-	-	-
Other investing activities
2,764	4,983	4,183	6,952	6,078	3,889	2,718	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-270,213	-292,289	-1,294,149	-1,285,277	-1,275,948	-1,250,579	-198,744	-146,533	-130,322	-2,481,412	-2,492,996	-2,522,664	-2,535,488	-206,698	-204,024	-200,697	-262,580	-220,257	-226,607	-239,907	-1,491,929	-1,502,141	-1,509,836	-1,591,048	-328,918	-346,193	-309,794	-188,250	-117,281	-146,360	-141,420	-208,706	-230,341	-347,513	-361,706	0	0	0
Cash flows from financing activities:
Principal payments on long-term borrowings, finance lease obligations and license agreements
485,331	2,840,680	2,812,366	2,812,705	2,813,747	445,662	421,306	521,274	522,224	524,084	724,084	631,102	464,279	344,287	54,719	63,472	61,865	62,748	69,939	132,843	181,199	179,298	166,805	94,301	207,087	203,331	200,052	196,235	27,436	26,846	28,892	20,855	18,377	16,561	11,741	0	0	0
Purchase of noncontrolling interest
-	-	-	-	-	-	70,000	70,000	70,000	69,999	5,878	0	0	0	-	-	-	-	37,500	0	0	0	-	-	-	-	-	-	-	-	174,050	0	0	0	-	-	-	-
Dividends paid on common stock
93,901	94,517	94,557	94,763	89,473	84,180	79,017	73,529	73,490	73,428	73,378	73,400	73,421	73,700	73,677	73,914	74,041	74,268	74,796	0	0	0	-	-	-	-	94,035	70,052	64,629	59,306	53,949	54,271	54,611	54,846	55,087	0	0	0
Subsidiary dividends paid to noncontrolling shareholders
-	-	3,777	4,559	5,890	5,246	5,997	0	0	0	-	-	-	-	5,028	4,599	4,808	5,360	7,172	7,793	8,364	8,680	7,321	5,897	5,849	2,663	2,797	0	0	0	-	-	-	-	-	-	-	-
Repurchase of common stock under plans and tax withholding
572,907	572,955	172,966	256,785	284,295	284,244	284,237	52,774	25,265	25,258	30,275	163,996	163,748	192,854	242,235	133,257	133,189	219,758	170,516	218,484	218,437	103,529	103,857	0	0	0	-	-	-	-	121,271	73,361	80,853	80,853	46,228	0	0	0
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	26,555	0	0	0	-	-	-	-	-	-	-	-	13,573	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	9,905	28,416	28,285	26,097	24,357	5,539	5,520	6,941	7,185	7,339	7,259	7,029	3,528	2,750	2,646	1,285	1,259	663	76	-116	-523	50	54	103	111	0	0	0
Proceeds from borrowings of long-term debt
450,000	2,887,000	3,477,000	0	0	0	-	-	-	-	2,666,295	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
8,799	11,182	31,177	37,357	42,134	44,086	21,832	17,227	10,958	15,289	11,708	48,926	49,113	48,550	58,636	27,682	31,845	36,042	34,869	40,080	43,526	47,679	40,691	27,709	24,423	9,522	9,672	15,773	11,424	9,647	8,065	1,743	1,504	1,553	543	0	0	0
Net cash provided by (used in) financing activities
-693,364	-755,750	282,507	403,541	383,750	464,754	-638,725	-705,989	-683,755	190,629	1,822,190	1,837,303	2,005,686	1,225,014	-290,754	-238,713	-235,142	-317,755	-316,473	-424,458	-170,655	1,036,025	1,091,814	1,209,261	880,217	-206,356	-212,965	-205,477	-158,913	-163,712	-371,053	-290,201	-295,805	-293,928	-81,676	0	0	0
Cash, cash equivalents and restricted cash:
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-3,305	-6,751	-7,116	-3,248	-1,657	6,086	5,980	287	-3,393	-8,950	-11,197	-8,166	-10,079	-3,687	-7,111	-9,422	-9,909	-11,276	-6,168	-1,481	4,740	1,765	-3,758	-7,173	-5,330	-5,586	-1,719	-3,058	-8,926	-3,522	-2,304	97	8,741	1,646	-938	0	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash
-378	2,573	22,909	65,145	32,809	322	25,560	-25,603	-37,289	-1,438,396	36,281	-967	115,941	1,603,999	100,145	181,809	98,421	20,699	10,953	-130,819	-1,123,252	84,316	30,618	40,291	955,566	-147,858	-68,725	75,856	155,309	118,467	-78,458	-91,887	-124,659	-281,999	-55,160	0	0	0
Supplemental cash flow information:
Interest paid
168,113	123,076	154,487	132,653	127,078	118,191	112,705	102,806	60,017	118,389	84,420	93,196	101,928	41,250	40,425	32,227	40,724	32,406	40,969	51,497	42,289	32,704	23,157	3,345	2,952	3,004	2,952	2,755	2,948	3,103	3,088	2,660	2,358	2,596	2,191	0	0	0
Income taxes paid, net
116,482	73,661	78,546	133,777	168,968	269,030	269,113	223,008	182,914	90,865	87,428	108,130	129,333	170,313	171,455	161,900	114,343	133,348	135,770	111,855	122,666	67,579	80,033	94,119	106,778	118,234	106,778	96,650	91,132	82,781	82,084	81,572	87,983	121,938	122,173	0	0	0