v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash from operating activities    
Net income (loss) $ 42,769 $ (7,407)
Non-cash and non-operating items 136,013 42,706
- Amortization and provisions 67,134 56,288
- Payment for contingent liability on regulatory matters 0 (43,334)
- Equity awards compensation expense 82,193 76,353
- Net (gain) or loss on disposal of non-current assets 924 (8,903)
- Change in uncertain tax position 1,764 (314)
- Net change in fair value of earn-out 3,202 1,499
- Change in deferred taxes (16,370) (24,742)
- Change in income taxes (9,321) (18,007)
- Other 6,487 3,866
Changes in working capital related to operating activities (90,075) 27,607
- (Increase) / Decrease in trade receivables 138,595 78,890
- Increase / (Decrease) in trade payables (210,863) (71,190)
- (Increase) / Decrease in other current assets (16,430) 1,968
- Increase/ (Decrease) in other current liabilities 1,452 17,926
- Change in operating lease liabilities and right of use assets (2,829) 13
Cash from operating activities 88,707 62,906
Cash used for investing activities    
Acquisition of intangible assets, property, plant and equipment (56,364) (77,838)
Change in accounts payable related to intangible assets, property, plant and equipment 3,122 (16,749)
Payment for business, net of cash acquired (527) (6,957)
Proceeds from disposition of investments 0 9,625
Change in other non-current financial assets (5,197) (12,280)
Cash used for investing activities (58,966) (104,199)
Cash used for financing activities    
Proceeds from exercise of stock options 4,433 1,948
Repurchase of treasury stocks (157,492) (103,354)
Cash payment for contingent consideration 0 (22,025)
Change in other financing activities (1,296) (1,427)
Cash used for financing activities (154,355) (124,858)
Effect of exchange rates changes on cash and cash equivalents (2,737) (12,192)
Net decrease in cash and cash equivalents and restricted cash (127,351) (178,343)
Net cash and cash equivalents and restricted cash at beginning of period 411,341 448,200
Net cash and cash equivalents and restricted cash at end of period 283,990 269,857
Supplemental disclosures of cash flow information    
Cash paid for taxes, net of refunds (36,099) (41,377)
Cash paid for interest $ (1,032) $ (1,055)