EURONET WORLDWIDE INC
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
EEFT$70.66-0.4%Stored close · as of Nov 10, 2026
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Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net income (loss) | $279.5 | $230.7 | $70.5 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 132.9 | 135.9 | 135.8 |
| Share-based compensation | 53.7 | 44.1 | 36.5 |
| Unrealized foreign exchange (gain) loss, net | (8.0) | 28.2 | 10.8 |
| Deferred income taxes | 13.7 | 7.9 | (2.3) |
| Accretion of convertible debt discount and amortization of debt issuance costs | 4.0 | 3.7 | 20.2 |
| Changes in working capital, net of amounts acquired: | |||
| Income taxes payable, net | 11.6 | 10.8 | 23.9 |
| Trade accounts receivable, including amounts in settlement assets | (190.9) | (299.4) | (107.5) |
| Prepaid expenses and other current assets, including amounts in settlement assets | 42.4 | (192.6) | 93.5 |
| Trade accounts payable, including amounts in settlement obligations | 53.6 | 178.1 | (33.2) |
| Deferred revenue | (10.3) | (8.4) | 7.5 |
| Accrued expenses and other current liabilities, including amounts in settlement obligations | 238.7 | 608.2 | 93.0 |
| Changes in non-current assets and liabilities | 22.2 | 1.1 | 57.6 |
| Net cash provided by operating activities | 643.1 | 748.3 | 406.3 |
| Cash flows from investing activities: | |||
| Acquisitions, net of cash acquired | (1.3) | (343.0) | — |
| Purchases of property and equipment and proceeds of sale property and equipment | (94.4) | (104.3) | (92.2) |
| Issuance of Convertible Notes Receivable | (60.0) | — | — |
| Purchases of other long-term assets | (9.1) | (7.7) | (7.8) |
| Other, net | 7.2 | 1.2 | 1.9 |
| Net cash used in investing activities | (157.6) | (453.8) | (98.1) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of shares | 7.8 | 9.1 | 10.8 |
| Repurchase of shares | (378.4) | (176.0) | (229.9) |
| Borrowings from revolving credit agreements | 7,925.8 | 7,904.6 | 5,074.0 |
| Repayments of revolving credit agreements | (7,393.6) | (7,733.2) | (5,061.0) |
| Net (repayments) borrowings from short-term debt obligations | (302.8) | 1.2 | 0.1 |
| Debt issuance costs | — | (3.0) | — |
| Other, net | (2.0) | (3.9) | (6.0) |
| Net cash used in financing activities | (143.2) | (1.2) | (212.0) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | (86.1) | (388.6) | (109.6) |
| Increase (decrease) in cash and cash equivalents and restricted cash | 256.2 | (95.3) | (13.4) |
| Cash and cash equivalents and restricted cash at beginning of period | 1,990.8 | 2,086.1 | 2,099.5 |
| Cash and cash equivalents and restricted cash at end of period | $2,247.0 | $1,990.8 | $2,086.1 |
| Supplemental Cash Flow Disclosures: | |||
| Interest paid during the period | $53.2 | $29.1 | $18.5 |
| Income taxes paid during the period | $94.5 | $86.2 | $48.7 |
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