FDC 2017 Annual Report

5 3 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 6 a n d 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 q uisiti o ns (a) $ ( 6) $ ( 8 9) $ 8 3 Dis p ositi o ns ( b) 3 8 4 3 4 C a pit al e x p e n dit ur es ( 4 7 7) ( 6 0 2) 1 2 5 Ot h er (c) 5 8 2 5 6 N et c as h us e d i n i n v esti n g a cti viti es $ ( 3 8 7) $ ( 6 8 5) $ 2 9 8 ( a) I n cr e as e dri v e n b y t h e 2 0 1 5 a c q uisiti o ns of S pr e e, First P a y, a n d Tr a ns a cti o n Wir el ess I n c. F or a d diti o n al d et ail a b o ut t hes e a c q uisiti 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 t h e 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) I n cr e as e is dri v e n b y 2 0 1 6 s al e of t w o f a ciliti es of $ 3 8 milli o n, $ 2 7 milli o n of c as h r e c ei v e d fr o m o ur i n v est m e nt i n Vis a E ur o p e. C h a n g e w as p arti all y offs et b y $ 1 7 milli o n of pr o c e e ds fr o m t h e s al e of t w o f a ciliti es i n 2 0 1 5 a n d a n i n v est m e nt i n a n i nt er n ati o n al j oi nt v e nt ur e. C as h fl o ws fr o m fi n a n ci 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 fi n a n ci 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 N et d e bt tr a ns a cti o ns (a) $ 3 8 2 $ ( 1, 3 3 5) $ 1, 7 1 7 Pr o c e e ds fr o m iss u a n c e of c o m m o n st o c k 5 0 2 3 2 7 Ot h er ( b) ( 4 2 3) ( 4 2 2) ( 1) N et c as h pr o vi d e d b y ( us e d i n) fi n a n ci n g a cti viti es $ 9 $ ( 1, 7 3 4) $ 1, 7 4 3 ( a) We ar e r e g ul arl y l o o ki n g f or o p p ort u niti es t o l o w er o ur i nt er est e x p e ns e a n d e xt e n d m at urit y d at es. T h e i n cr e as e i n n et d ebt tr a ns a cti o ns is d u e t o t h e c a pit al n e e ds ass o ci at e d wit h a c q uiri n g Bl u e P a y a n d C ar d C o n n e ct. D et ails r e g ar di n g o ur d e bt str u ct ur e ar e pr o vi d e d i n n ot e 2 " B orr o wi n gs" 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) Ot h er r e pr es e nts p a y m e nt of c all pr e mi u ms a n d d e bt iss u a n c e c ost, p a y m e nt of t a x es r el at e d t o n et s ettl e m e nt of e q uit y a w ards, distri b uti o ns a n d di vi d e n ds p ai d t o n o n c o ntr olli n g i nt er ests a n d r e d e e m a bl e n o n c o ntr olli n g i nt er est a n d ot h er fi n a n ci 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 fi n a n ci 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 6 a n d 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 N et d e bt tr a ns a cti o ns (a) $ ( 1, 3 3 5) $ ( 1, 3 4 1) $ 6 Pr o c e e ds fr o m iss u a n c e of c o m m o n st o c k ( b) 2 3 2, 7 1 8 ( 2, 6 9 5) Ot h er (c) ( 4 2 2) ( 1, 3 9 3) 9 7 1 N et c as h us e d i n fi n a n ci n g a cti viti es $ ( 1, 7 3 4) $ ( 1 6) $ ( 1, 7 1 8) ( a) We ar e r e g ul arl y l o o ki n g f or o p p ort u niti es t o l o w er o ur i nt er est e x p e ns e a n d e xt e n d m at urit y d at es. D et ails r e g ar di n g o ur d e bt str u ct ur e ar e pr o vi d e d i n n ot e 2 " B orr o wi n gs" 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) D e cr e as e dri v e n b y $ 2. 7 billi o n of pr o c e e ds fr o m o ur i niti al p u bli c off eri n g i n 2 0 1 5. ( c) I n cr e as e d u e t o p a y m e nts of c all pr e mi u ms a n d d e bt f e es r el at e d t o 2 0 1 5 d e bt e xti n g uis h m e nts. Fr e e C as h Fl o w Fr e e c as h fl o w is a n o n- G A A P m e as ur e d efi n e d as c as h fl o w pr o vi d e d b y o p er ati n g a cti viti es l ess c a pit al e x p e n dit ur es, distri b ut i o ns t o mi n orit y i nt er ests a n d ot h er it e ms. We c o nsi d er fr e e c as h fl o w t o b e a li q ui dit y m e as ur e t h at pr o vi d es us ef ul i nf or m ati o n t o m a n a g e m e nt a n d us ers of o ur fi n a n ci al st at e m e nts a b o ut t h e a m o u nt of c as h g e n er at e d b y t h e b usi n ess w hi c h c a n t h e n b e us e d t o, a m o n g ot h er t hi n gs, r e d u c e o utst a n di n g d e bt a n d/ or str at e gi c a c q uisiti o ns. Fr e e c as h fl o w is n ot, a n d s h o ul d n ot b e vi e w e d as, a s u bstit ut e f or G A A P r e p ort e d fi n a n ci al i nf or m ati o n.