v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net Loss $ (1,862,284) $ (110,328) $ (126,714)
Adjustments for non-cash items:      
Depreciation and amortization 266,819 261,372 268,166
Unrealized foreign exchange loss / (gain) (44,157) 4,383 (5,450)
Deferred tax benefit (82,876) (96,993) (61,142)
Interest expense / (income), net 24,394 74,282 12,492
Share based compensation 62,354 101,770 0
Other (income) / expense, net (45,489) (232,539) 21,957
Impairment expense on intangible assets 1,887,223 324,145 130,420
Allowance for credit losses and other 35,541 15,102 54,217
Gain on disposal of subsidiaries and other assets, net 1,359 0 (13,137)
Non-cash lease expense 7,034 9,523 10,562
Movements in working capital:      
Accounts receivable, net (34,224) (42,592) (46,493)
Prepaid expenses, other current assets, and related party receivables (13,085) 3,456 18,171
Settlement receivables, net (11,978) 58,896 37,640
Accounts payable, other liabilities, and related party payables 17,400 (25,733) (27,767)
Funds payable and amounts due to customers 698,855 (95,890) 135,037
Income tax payable / (receivable) 17,192 (24,386) 1,150
Net cash flows provided by operating activities 924,078 224,468 409,109
Cash flows from investing activities      
Purchase of property, plant & equipment (4,543) (5,616) (5,386)
Purchase of merchant portfolios (56,438) (63,906) (21,047)
Purchase of other intangible assets (89,065) (78,227) (60,486)
Acquisition of businesses, net of cash acquired (424,722) (263,520) (9,180)
Net cash inflow (outflow) on disposal of subsidiaries (826) 0 (44,877)
Net cash flows used in investing activities (575,594) (411,269) (51,222)
Cash flows from financing activities      
Cash settled equity awards (990) 0 0
Repurchases of shares withheld for taxes (6,937) 0 0
Proceeds from exercise of warrants 3 0 0
Net cash inflow from reorganization and recapitalization 0 1,167,874 0
Payment of equity issuance costs 0 (151,722) 0
Repurchases of borrowings (45,511) 0 0
Proceeds from loans and borrowings 120,669 2,962,112 270,481
Repayment of loans and borrowings (148,919) (3,433,206) (361,991)
Cash outflow on foreign exchange forward contract 0 (6,504) 0
Payment of debt issuance costs (6,781) (7,077) 0
Proceeds under line of credit 796,600 600,000 353,867
Repayments under line of credit (771,600) (600,000) (328,230)
Receipts / (payments) under derivative financial instruments 137 (48,457) (3,907)
Contingent consideration received 2,621 7,942 0
Contingent consideration paid (19,834) (7,681) (5,689)
Net cash flows provided by / (used in) financing activities (80,542) 483,281 (75,469)
Effect of foreign exchange rate changes (112,465) (88,614) 99,073
Increase / (decrease) in cash and cash equivalents, including customer accounts and other restricted cash, net during the year 155,477 207,866 381,491
Cash and cash equivalents, including customer accounts and other restricted cash, net at beginning of the year 1,971,718 1,763,852 1,382,361
Cash and cash equivalents, including customer accounts and other restricted cash, net at end of the year 2,127,195 1,971,718 1,763,852
Supplemental cash flow disclosures:      
Cash paid for interest 102,230 91,545 154,373
Cash paid for Income taxes, net (13,182) 36,269 793
Cash and cash equivalents 260,219 313,439 387,616
Customer accounts and other restricted cash, net 1,866,976 1,658,279 1,376,236
Total cash and cash equivalents, including customer accounts and other restricted cash, net $ 2,127,195 $ 1,971,718 $ 1,763,852

Source

PDF HTML
20-F Filing
ZIP XLS HTML
XBRL