| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net income | ||||||
150,300 | 111,800 | 132,800 | 302,500 | 411,700 | 270,700 | 179,300 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation of property and equipment | ||||||
158,500 | 126,200 | 85,000 | 75,400 | 109,500 | 92,600 | 56,700 |
Amortization of intangible assets | ||||||
36,600 | 32,200 | 21,900 | 4,300 | 3,400 | 4,600 | 1,500 |
Amortization of debt discount and issuance costs | ||||||
11,900 | 15,000 | 13,300 | 14,400 | 700 | - | - |
Share-based compensation expense | ||||||
72,800 | 56,400 | 37,300 | 21,500 | 23,100 | 12,400 | 8,900 |
Deferred income taxes | ||||||
-26,300 | -14,200 | -2,600 | 2,000 | -6,000 | 2,400 | -5,300 |
Foreign exchange (gains)/losses | ||||||
-31,000 | -63,200 | 26,100 | 116,500 | 4,200 | -1,900 | 3,100 |
Gain from sale of equity securities | ||||||
600 | 2,600 | - | - | 65,300 | 7,700 | - |
Impairment of investment in equity securities | ||||||
- | - | - | 12,400 | - | - | - |
Goodwill impairment | ||||||
- | - | 7,900 | - | - | - | - |
(Gain)/loss from repurchases of convertible debt | ||||||
-100 | 900 | 4,300 | -9,700 | - | - | - |
Other | ||||||
4,600 | 600 | 1,100 | -700 | 900 | -1,700 | -1,200 |
Changes in operating assets and liabilities excluding the effect of acquisitions: | ||||||
Accounts receivable, net | ||||||
34,700 | 39,300 | 24,200 | 12,700 | 29,500 | 17,300 | 13,500 |
Funds receivable | ||||||
- | - | - | - | - | - | 3,900 |
Prepaid expenses and other assets | ||||||
38,600 | -4,600 | -12,200 | 54,600 | 39,800 | 30,400 | 33,900 |
Accounts payable and accrued liabilities | ||||||
50,700 | 62,900 | 15,900 | 32,400 | 36,500 | 42,000 | 32,500 |
Deferred revenue | ||||||
5,600 | 4,900 | 600 | 4,200 | 12,300 | 6,400 | 10,800 |
Net cash provided by operating activities | ||||||
412,700 | 419,600 | 268,600 | 276,300 | 449,300 | 379,600 | 242,100 |
Assets held for sale | ||||||
- | - | - | - | 4,800 | 13,500 | - |
Liabilities related to assets held for sale | ||||||
- | - | - | - | 2,600 | 13,800 | - |
Funds payable and amounts due to customers | ||||||
- | - | - | - | - | - | 10,900 |
CASH FLOWS USED IN INVESTING ACTIVITIES: | ||||||
Purchases of property and equipment and intangible assets | ||||||
215,100 | 158,700 | 179,000 | 172,000 | 150,800 | 131,200 | 172,900 |
Proceeds from sale of property and equipment | ||||||
1,300 | 2,900 | 1,300 | 2,300 | - | - | - |
Acquisitions of businesses, net of cash acquired | ||||||
15,900 | - | 5,500 | 113,000 | 74,500 | - | 22,900 |
Investments in non-marketable equity securities | ||||||
3,300 | 8,100 | 1,500 | 800 | 500 | 1,600 | 14,800 |
Proceeds from sale of equity securities | ||||||
4,600 | - | - | 2,100 | 61,800 | 5,700 | - |
Investments in debt securities | ||||||
- | 52,100 | 35,200 | 45,300 | - | - | 203,400 |
Proceeds from maturity of debt securities | ||||||
50,100 | 41,600 | 47,000 | 10,200 | 151,800 | 50,100 | - |
Investments in term deposits | ||||||
1,216,700 | 1,161,100 | 573,000 | 304,900 | 349,800 | 546,000 | 419,900 |
Maturities of term deposits | ||||||
1,262,700 | 1,128,400 | 585,600 | 128,600 | 345,000 | 280,300 | 294,600 |
Loans granted | ||||||
-2,900 | -9,000 | -700 | -3,700 | -8,500 | - | - |
Escrow cash deposit | ||||||
- | - | -800 | 11,700 | -3,800 | -7,200 | 13,400 |
Net cash used in investing activities | ||||||
-135,200 | -216,100 | -160,200 | -508,200 | -21,700 | -335,500 | -552,700 |
CASH FLOWS USED IN FINANCING ACTIVITIES: | ||||||
Proceeds from exercise of share options | ||||||
5,700 | 7,100 | 2,300 | 3,300 | 13,400 | 11,900 | 7,200 |
Repurchase of share options | ||||||
1,300 | - | - | - | - | - | 300 |
Proceeds from issuance of convertible debt | ||||||
- | - | - | 53,000 | 602,500 | - | - |
Repurchases of convertible debt | ||||||
11,600 | 89,000 | 83,600 | 114,000 | - | - | - |
Payment of debt issuance costs | ||||||
- | - | - | 700 | 5,400 | - | - |
Payment for contingent consideration | ||||||
3,400 | 2,500 | 1,700 | - | - | - | - |
Proceeds from issuance of ordinary shares | ||||||
- | - | - | - | - | - | 354,200 |
Ordinary shares issuance costs | ||||||
- | - | - | - | - | - | 900 |
Repurchases of ordinary shares | ||||||
- | - | - | 149,700 | 260,300 | - | - |
Other financing activities | ||||||
400 | 1,600 | 400 | - | - | - | - |
Net cash used in financing activities | ||||||
-10,200 | -82,800 | -82,600 | -208,100 | 350,200 | 11,900 | 360,200 |
Effect of exchange rate changes on cash and cash equivalents | ||||||
-17,000 | -54,900 | 64,700 | 160,000 | 15,600 | -6,700 | 42,100 |
Net change in cash and cash equivalents | ||||||
250,300 | 65,800 | 90,500 | -280,000 | 793,400 | 49,300 | 91,700 |
Supplemental disclosure of cash flow information: | ||||||
Cash paid for income taxes | ||||||
99,000 | 74,700 | 66,700 | 80,800 | 90,000 | 65,600 | 52,300 |
Cash paid for acquisitions | ||||||
15,900 | - | 5,500 | 116,700 | 75,800 | - | 23,100 |
Interest paid | ||||||
3,600 | 4,400 | 4,400 | 5,500 | - | - | - |
Non-cash investing activities: | ||||||
Change in accounts payable for property and equipment | ||||||
700 | -3,800 | -2,200 | 11,400 | 5,900 | 500 | - |
Settlement of investments in relation to purchases of intangible assets | ||||||
3,000 | - | - | - | - | - | - |
Non-cash consideration from sale of equity securities | ||||||
- | - | - | - | - | 4,700 | - |
Non-cash consideration for purchase of equity securities | ||||||
- | - | - | - | 3,400 | - | - |
Fair value of contingent consideration included in purchase price of acquisition | ||||||
2,600 | - | 4,700 | - | - | - | - |