FDC 2017 Annual Report

5 2 T h e t a bl e b el o w r e pr es e nts t h e w or ki n g c a pit al c h a n g e f or t h e y e ars e n d e d D e c e m b er 3 1, 2 0 1 7 c o m p ar e d t o t h e s a m e p eri o d i n 2 0 1 6: Ye a r e n d e d D e c e m b e r 3 1, S o u r c e/( us e) (i n milli o ns) 2 0 1 7 2 0 1 6 C h a n g e A c c o u nts r e c ei v a bl e, c urr e nt a n d l o n g t er m (a) $ ( 1 9 6) $ ( 8 1) $ ( 1 1 5) Ot h er ass ets, c urr e nt a n d l o n g t er m ( b) ( 3 6) 6 1 ( 9 7) A c c o u nts p a y a bl e a n d ot h er li a biliti es, c urr e nt a n d l o n g t er m (c) ( 8 2) 3 5 ( 1 1 7) I n c o m e t a x a c c o u nts ( d) ( 1 6) 1 ( 1 7) T ot al w or ki n g c a pit al c h a n g e $ ( 3 3 0) $ 1 6 $ ( 3 4 6) ( a) D e cr e as e d u e t o y e ar- e n d ti mi n g a n d gr o wt h i n pr e-f u n di n g f or o n e of o ur r et ail cli e nts. ( b) D e cr e as e r es ult e d fr o m $ 4 9 milli o n r el at e d t o i n v e nt or y w or ki n g c a pit al i niti ati v e i n 2 0 1 6, $ 2 4 milli o n i n pr e p ai d m ai nt e n an c e c o nt a cts, a n d i nt er est r at e s w a ps. ( c) D e cr e as e is attri b ut a bl e t o ti mi n g of p a y m e nts. ( d) D e cr e as e is r el at e d t o i n c o m e t a x p a y m e nts i n 2 0 1 7. T h e t a bl e b el o w r e pr es e nts t h e w or ki n g c a pit al c h a n g e f or t h e y e ars e n d e d D e c e m b er 3 1, 2 0 1 6 c o m p ar e d t o t h e s a m e p eri o d i n 2 0 1 5: Ye a r e n d e d D e c e m b e r 3 1, S o u r c e/( us e) (i n milli o ns) 2 0 1 6 2 0 1 5 C h a n g e A c c o u nts r e c ei v a bl e, c urr e nt a n d l o n g t er m (a) $ ( 8 1) $ ( 1 8 4) $ 1 0 3 Ot h er ass ets, c urr e nt a n d l o n g t er m ( b) 6 1 ( 1 9 9) 2 6 0 A c c o u nts p a y a bl e a n d ot h er li a biliti es, c urr e nt a n d l o n g t er m (c) 3 5 ( 1 6 2) 1 9 7 I n c o m e t a x a c c o u nts ( d) 1 1 3 ( 1 2) T ot al w or ki n g c a pit al c h a n g e $ 1 6 $ ( 5 3 2) $ 5 4 8 ( a) I n cr e as e is dri v e n b y $ 1 0 2 milli o n r e cl assifi c ati o n r el at e d t o s ettl e m e nt a cti viti es t o c o nf or m c ert ai n d o m esti c a n d i nt er nati o n al b usi n ess es t o o ur gl o b al p oli ci es. ( b) I n cr e as e d u e t o $ 9 6 milli o n fr o m t h e s ettl e m e nt of cr oss- c urr e n c y s w a ps i n 2 0 1 6 a n d t h e ti mi n g of w or ki n g c a pit al r e q uir e m ents a n d o p er ati o n al i m pr o v e m e nts i m p a cti n g i n v e nt or y l e v els. ( c) I n cr e as e is r es ulti n g fr o m $ 2 7 1 milli o n of a c c el er at e d i nt er est p a y m e nts i n 2 0 1 5 r el at e d t o d e bt e xti n g uis h m e nts offs et b y t h e n o n-r e c urr e n c e of t w o s u p pli er si g ni n g b o n us es r e c ei v e d i n t h e pri or y e ar. ( d) D e cr e as e r el at e d t o i n c o m e t a x p a y m e nts i n 2 0 1 6. C as h fl o ws fr o m i n v esti n g a cti viti es T h e t a bl e b el o w s u m m ari z es t h e c h a n g es i n i n v esti n g a cti viti es f or t h e y e ars e n d e d D e c e m b er 3 1, 2 0 1 7 a n d 2 0 1 6: Ye a r e n d e d D e c e m b e r 3 1, S o u r c e/( us e) (i n milli o ns) 2 0 1 7 2 0 1 6 C h a n g e A c q uisiti o ns (a) $ ( 1, 6 0 7) $ ( 6) $ ( 1, 6 0 1) Dis p ositi o ns ( b) 8 8 3 8 5 0 C a pit al e x p e n dit ur es ( 5 1 8) ( 4 7 7) ( 4 1) Ot h er (c) 8 7 5 8 2 9 N et c as h us e d i n i n v esti n g a cti viti es $ ( 1, 9 5 0) $ ( 3 8 7) $ ( 1, 5 6 3) ( a) D e cr e as e is r el at e d t o a c q uisiti o n of A c c ul y n k, C ar d C o n n e ct a n d Bl u e P a y d uri n g 2 0 1 7. F or a d diti o n al d et ail a b o ut t h es e a c quisiti o ns, s e e n ot e 1 2 " A c q uisiti o ns a n d Dis p ositi o ns" t o o ur c o ns oli d at e d fi n a n ci al st at e m e nts i n P art II, It e m 8 of t his F or m 1 0- K f or t h e y e ar e n d e d D e c e m b er 3 1, 2 0 1 7. ( b) I n cr e as e dri v e n b y pr o c e e ds fr o m o ur 2 0 1 7 B alti cs dis p ositi o n offs et b y 2 0 1 6 s al e of t h e A ustr ali a n A T M b usi n ess. F or a d diti o n al d et ail a b o ut t h es e dis p ositi o ns, s e e n ot e 1 2 " A c q uisiti o ns a n d Dis p ositi o ns" t o o ur c o ns oli d at e d fi n a n ci al st at e m e nts i n P art II, It e m 8 of t his F or m 1 0- K f or t h e y e ar e n d e d D e c e m b er 3 1, 2 0 1 7. ( c) Ot h er r e pr es e nts pr o c e e ds fr o m m at urit y of n et i n v est m e nt h e d g e, pr o c e e ds fr o m s al e of pr o p ert y a n d e q ui p m e nt, p ur c h as e of e q uit y m et h o d i n v est m e nts, a n d ot h er i n v esti n g a cti viti es.