BLKB Stock Cash Flow Statements

Blackbaud Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

Blackbaud Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30

cash flows from operating activities
net income	25,980,000	4,867,000	-330,764,000	20,542,000	21,804,000	5,246,000	5,399,000	9,017,000	2,105,000	-14,701,000	-21,259,000	-10,319,000	-3,422,000	-10,407,000	-7,057,000	6,188,000	6,731,000	-164,000	-13,621,000	4,876,000	11,823,000	4,639,000	1,324,000	4,566,000	7,140,000	-1,122,000	9,334,000	11,164,000	6,592,000	17,751,000	30,709,000	12,548,000	11,165,000	11,511,000	17,284,000	11,423,000	7,813,000	4,995,000	6,411,000	7,911,000	7,042,000	4,285,000	4,816,000	10,380,000	9,280,000	3,814,000	11,790,000	9,393,000	6,623,000	2,666,000	3,270,000	2,825,000	-2,271,000	2,759,000	6,947,000	9,761,000	8,928,000	7,584,000	8,544,000	8,519,000	6,790,000	5,952,000	7,959,000	9,828,000	6,588,000	4,072,000	6,532,000	7,316,000	8,987,000	7,043,000	8,957,000	8,808,000	8,203,000	5,756,000	8,605,000	8,503,000	7,730,000	5,670,000	6,187,000	7,720,000	8,535,000	10,859,000	-4,286,000	7,587,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	21,699,000	21,647,000	30,047,000	31,065,000	30,458,000	30,095,000	27,860,000	28,005,000	26,350,000	27,272,000	25,763,000	25,323,000	25,738,000	25,545,000	21,926,000	19,742,000	20,281,000	20,461,000	23,980,000	22,667,000	24,284,000	21,804,000	21,695,000	20,885,000	21,389,000	21,724,000	19,573,000	20,146,000	20,027,000	19,820,000	19,183,000	18,284,000	18,390,000	18,091,000	17,382,000	17,560,000	17,940,000	17,609,000	14,657,000	14,068,000	13,594,000	13,678,000	12,831,000	11,392,000	10,520,000	10,674,000	11,539,000	10,490,000	10,727,000	10,408,000	10,446,000	9,210,000	7,407,000	4,816,000	4,714,000	4,174,000	4,090,000	4,017,000	4,113,000	4,111,000	4,025,000	3,819,000	3,946,000	3,869,000	3,868,000	3,826,000	3,766,000	3,992,000	2,615,000	2,492,000	2,378,000	2,201,000	1,922,000	1,648,000	1,016,000	948,000	899,000	846,000		667,000
benefit from credit losses and sales returns	2,992,000	788,000	3,211,000	1,202,000	214,000	305,000	-315,000	1,017,000	2,276,000	1,522,000	1,692,000	721,000	1,778,000	1,875,000	3,458,000	3,574,000	2,277,000	2,141,000	3,074,000	3,479,000	4,189,000	2,488,000
stock-based compensation expense	27,252,000	22,170,000	28,538,000	18,574,000	24,286,000	33,570,000	32,094,000	32,379,000	33,364,000	29,925,000	26,635,000	27,945,000	27,854,000	27,860,000	30,899,000	28,926,000	30,549,000	30,005,000	32,701,000	20,843,000	20,133,000	13,580,000	15,012,000	14,866,000	15,029,000	13,726,000	12,591,000	10,730,000	13,861,000	11,092,000	9,576,000	10,926,000	10,835,000	9,294,000	7,633,000	9,218,000	7,871,000	7,916,000	7,347,000	6,486,000	6,311,000	5,102,000	4,853,000	4,448,000	4,330,000	3,714,000	3,942,000	3,073,000	4,717,000	5,178,000	4,785,000	4,831,000	5,788,000	3,836,000	3,971,000	3,587,000	3,530,000	3,796,000	3,819,000	3,180,000	2,908,000	3,152,000	3,225,000	2,817,000	3,025,000	3,220,000	4,173,000	3,234,000	2,319,000	2,359,000	2,066,000	1,357,000	1,799,000	1,712,000	1,500,000	1,924,000
deferred taxes	-432,000	-221,000	-63,235,000	-2,966,000	-6,571,000	-12,239,000	6,795,000	1,938,000	-42,346,000	9,245,000	-4,972,000	-5,016,000	-9,225,000	-7,431,000	-2,829,000	124,000	1,418,000	-1,142,000	6,958,000	-66,000	991,000	954,000						309,000	219,000	902,000								558,000					2,964,000	-1,671,000	1,141,000	616,000	4,681,000	4,259,000			4,915,000	2,206,000	-503,000	967,000	7,445,000	3,635,000	2,071,000	382,000	7,721,000	1,743,000	942,000	795,000	6,455,000	2,551,000	1,632,000	1,713,000	4,570,000	-526,000	784,000	1,579,000	4,530,000	3,933,000	2,016,000	2,012,000	3,720,000	4,412,000	2,694,000	1,339,000		5,601,000	1,042,000	4,970,000		3,307,000
amortization of deferred financing costs and discount	647,000	699,000	752,000	802,000	635,000	349,000	387,000	425,000	463,000	500,000	537,000	573,000	609,000	645,000	336,000	355,000	373,000	506,000	212,000	193,000	188,000	188,000	188,000	188,000	188,000	188,000	188,000	188,000	188,000	188,000	188,000	182,000	229,000	239,000	240,000	240,000	239,000	239,000	239,000	240,000	210,000	210,000	210,000	181,000	181,000	162,000
loss on disposition of businesses
other non-cash adjustments	-23,000	-5,384,000	0	0			-83,000	6,675,000	-1,354,000	-215,000	-1,000	1,452,000	4,375,000	-150,000	11,017,000	-682,000	187,000	-32,000	755,000	1,726,000	375,000	102,000	2,859,000	65,000	162,000	1,820,000					-68,000										-235,000	524,000	-509,000	184,000	1,320,000	168,000	-129,000	552,000	485,000	353,000	303,000	267,000	732,000	-555,000	-175,000	-86,000	-56,000	-561,000	92,000	26,000	20,000	-160,000	22,000	25,000	34,000	35,000	30,000	43,000	16,000	21,000
changes in operating assets and liabilities, net of acquisition and disposal of businesses:
accounts receivable	-69,754,000	4,770,000	3,811,000	53,980,000	-56,906,000	3,844,000	1,520,000	64,867,000	-70,763,000	1,139,000	-17,338,000	60,816,000	-59,828,000	9,010,000	12,254,000	8,355,000	-37,541,000	10,407,000	-95,000											5,088,000								817,000				555,000				2,676,000	-42,000			5,404,000				-1,686,000	-2,828,000	4,757,000	-19,734,000	9,113,000	-5,502,000	4,991,000	-13,236,000	696,000	-14,000	7,044,000	-9,406,000	3,751,000	2,323,000	8,370,000	-22,526,000	1,640,000	-3,156,000	5,305,000	-12,248,000	351,000		4,405,000	-9,687,000	411,000			-9,626,000	780,000		5,990,000
prepaid expenses and other assets	-3,580,000	-5,330,000	4,212,000	1,600,000	792,000	-3,265,000	2,363,000	5,018,000	12,220,000	-2,750,000	3,989,000	18,561,000	5,752,000	-2,067,000	12,121,000	3,993,000	-736,000	-17,426,000	18,276,000																			1,846,000				3,633,000			2,632,000	309,000	-7,115,000	1,773,000	1,903,000	6,416,000				-1,754,000	-3,431,000	-4,717,000	-1,913,000	7,146,000	-8,820,000	-2,097,000	-1,956,000	3,274,000	1,675,000	-761,000	882,000	326,000	-4,615,000	-2,014,000	1,878,000	-884,000	-1,443,000	-1,812,000	-445,000	1,695,000		-1,063,000	2,153,000	-929,000		-7,240,000	-2,565,000	-158,000		11,000
trade accounts payable	-3,757,000	-4,651,000	10,014,000	-824,000	-3,940,000	23,086,000	-15,214,000	69,000	-6,793,000	3,362,000	7,172,000	1,666,000	-3,150,000	15,919,000	-20,398,000	8,372,000	-5,194,000	7,550,000	-2,794,000																3,422,000	-8,590,000	8,718,000	139,000	2,849,000	-1,951,000						2,789,000							-1,096,000	1,739,000	805,000	-446,000	2,902,000	-1,547,000	979,000	-2,182,000	1,350,000	61,000	-114,000	269,000	-1,033,000	566,000	-290,000	385,000	517,000	2,000	205,000	353,000	-1,000	-1,387,000		874,000	-113,000	-1,354,000		68,000	196,000	-168,000		-574,000
accrued expenses and other liabilities	-2,001,000	-8,207,000	3,045,000	-2,794,000	-21,491,000	7,912,000	-39,348,000	-2,875,000	27,879,000	-15,931,000	4,642,000	1,711,000	4,691,000	-13,430,000	-10,980,000	1,347,000	894,000	549,000	-17,637,000																								1,112,000	-1,517,000										-5,253,000	-840,000												-2,448,000
deferred revenue	67,918,000	-29,760,000	-21,539,000	-17,230,000	62,073,000	-25,845,000	-24,807,000	-18,554,000	69,795,000	-17,562,000	-12,773,000	-15,406,000	62,103,000	-22,865,000	-6,874,000	-10,428,000	50,580,000	-22,752,000	-13,019,000	-9,955,000			-7,899,000	-5,965,000			-6,704,000	-3,657,000			-2,444,000	-5,543,000			-2,730,000	-2,065,000			-3,361,000	2,181,000			6,524,000	4,899,000			-3,172,000	1,755,000			-2,616,000	2,474,000	14,745,000	-1,691,000	-1,480,000	5,234,000	15,979,000	-6,976,000	-1,271,000	4,032,000	13,457,000	-3,348,000	1,524,000	843,000	13,107,000	-2,237,000	-559,000	6,745,000	10,759,000	2,459,000	-445,000	3,982,000	11,054,000	-1,694,000		3,252,000	8,990,000	-1,814,000		2,087,000	6,902,000	-537,000		557,000
net cash from operating activities	66,941,000	1,388,000	73,582,000	103,951,000	53,816,000	64,619,000	-3,349,000	127,981,000	53,196,000	21,806,000	14,087,000	108,027,000	57,275,000	24,504,000	43,873,000	69,866,000	69,819,000	30,103,000	38,790,000	71,677,000			60,353,000	77,035,000			63,554,000	71,437,000	54,641,000	11,753,000	52,905,000	68,834,000	41,787,000	12,764,000	53,484,000	62,157,000	37,883,000	104,000	29,049,000	37,727,000	43,333,000	4,231,000	16,785,000	40,388,000	31,840,000	13,264,000	29,274,000	40,498,000	24,532,000	12,940,000	29,022,000	28,720,000	6,964,000	3,985,000	17,808,000	29,873,000	20,334,000	17,512,000	7,045,000	24,177,000	17,358,000	7,328,000	26,442,000	25,827,000	22,103,000	12,425,000	12,314,000	26,528,000	7,090,000	14,378,000	13,025,000	30,452,000	11,843,000	7,547,000		25,725,000	16,375,000	3,260,000		19,756,000	11,971,000	7,357,000		17,106,000
capex	-15,440,000	-13,658,000	-17,083,000	-15,607,000	-21,179,000	-13,331,000	-15,221,000	-17,372,000	-16,204,000	-15,331,000	-17,794,000	-18,568,000	-3,252,000	-16,949,000	-14,160,000	-12,003,000	-13,218,000	-12,772,000	-13,983,000	0			0	0			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-6,297,000	-5,218,000	-5,294,000	-6,630,000	-1,073,000	-163,000	-3,836,000	-1,692,000	-5,069,000	-1,669,000	-1,200,000	-1,551,000	-1,114,000	-2,115,000	-2,620,000	-834,000	-2,123,000	-3,392,000	-1,603,000	-2,078,000	-1,050,000		-860,000	-1,170,000	-264,000		-1,333,000	-805,000	-85,000		-428,000
free cash flows	51,501,000	-12,270,000	56,499,000	88,344,000	32,637,000	51,288,000	-18,570,000	110,609,000	36,992,000	6,475,000	-3,707,000	89,459,000	54,023,000	7,555,000	29,713,000	57,863,000	56,601,000	17,331,000	24,807,000	71,677,000			60,353,000	77,035,000			63,554,000	71,437,000	54,641,000	11,753,000	52,905,000	68,834,000	41,787,000	12,764,000	53,484,000	62,157,000	37,883,000	104,000	29,049,000	37,727,000	43,333,000	4,231,000	16,785,000	40,388,000	31,840,000	13,264,000	29,274,000	40,498,000	24,532,000	12,940,000	29,022,000	28,720,000	6,964,000	-2,312,000	12,590,000	24,579,000	13,704,000	16,439,000	6,882,000	20,341,000	15,666,000	2,259,000	24,773,000	24,627,000	20,552,000	11,311,000	10,199,000	23,908,000	6,256,000	12,255,000	9,633,000	28,849,000	9,765,000	6,497,000		24,865,000	15,205,000	2,996,000		18,423,000	11,166,000	7,272,000		16,678,000
cash flows from investing activities
purchase of property and equipment	-623,000	-688,000	-208,000	-1,117,000	-5,857,000	-261,000	-442,000	-1,464,000	-1,415,000	-1,364,000	-1,777,000	-2,994,000	-3,252,000	-4,266,000	-3,332,000	-2,204,000	-2,658,000	-3,470,000	-3,854,000																																			-6,297,000	-5,218,000	-5,294,000	-6,630,000	-1,073,000	-163,000	-3,836,000	-1,692,000	-5,069,000	-1,669,000	-1,200,000	-1,551,000	-1,114,000	-2,115,000	-2,620,000	-834,000	-2,123,000	-3,392,000	-1,603,000	-2,078,000	-1,050,000	-2,360,000	-860,000	-1,170,000	-264,000		-1,333,000	-805,000	-85,000		-428,000
capitalized software development costs	-14,817,000	-12,970,000												-12,683,000	-10,828,000	-9,799,000	-10,560,000	-9,302,000	-10,129,000
cash from disposition of business	0	-12,235,000
other investing activities			0	0			0																0	0
net cash from investing activities	-15,440,000	-25,893,000	-17,083,000	-15,607,000	-26,208,000	-14,510,000	-15,221,000	-17,635,000	-16,204,000	-15,331,000	-17,761,000	-14,071,000	-16,783,000	-36,934,000	-433,280,000	-12,003,000	-13,218,000	-12,772,000	-13,983,000																																			-6,297,000	-13,140,000	-5,139,000	-6,511,000	-16,948,000	-5,107,000	-3,836,000	-4,082,000	-5,199,000	-1,669,000	-1,200,000	-3,809,000	-1,114,000	-529,000	-49,652,000	-1,402,000	-4,450,000	-3,363,000	-26,794,000	-2,105,000	-60,266,000		-872,000	-1,172,000	-6,345,000		-1,774,000	-1,253,000	-134,000		-459,000
cash flows from financing activities
proceeds from issuance of debt	56,100,000	216,200,000	138,000,000	91,800,000	871,800,000	339,800,000	117,400,000	17,800,000	65,400,000	92,600,000	84,100,000	13,700,000	53,800,000	59,400,000	453,900,000	0	47,600,000	80,700,000	481,100,000	65,300,000	57,400,000	144,700,000	52,800,000	42,100,000	57,600,000	271,500,000	51,000,000	46,400,000	91,800,000	81,700,000	186,200,000	12,600,000	508,100,000	67,600,000	48,200,000	58,100,000	46,300,000	74,600,000	228,700,000	13,500,000	28,300,000	41,800,000	164,100,000	0	5,000,000	196,000,000	39,908,000	35,200,000	11,200,000	16,700,000	0	3,000,000							0	0							0	58,800,000	15,700,000	11,500,000	0	18,000,000	0	30,000,000
payments on debt	-102,143,000	-85,523,000	-64,517,000	-113,512,000	-887,337,000	-79,343,000	-80,638,000	-122,133,000	-96,421,000	-75,403,000	-81,298,000	-99,894,000	-95,783,000	-33,765,000	-21,699,000	-17,795,000	-53,810,000	-59,667,000	-456,564,000																																								-307,000	-3,797,000	-884,000	-187,000	-17,774,000	-23,265,000	-18,759,000	-251,000	-244,000	-24,575,000	-2,700,000	-8,000	-11,512,000	-23,422,000	-5,000,000	-10,000,000
debt issuance costs			0	0															-3,993,000
employee taxes paid for withheld shares upon equity award settlement	-707,000	-37,948,000	-878,000	-1,467,000	-1,760,000	-52,723,000	-299,000	-1,881,000	-2,270,000	-31,417,000	-319,000	-457,000	-926,000	-34,674,000	-392,000	-300,000	-20,286,000	-18,426,000	-139,000
change in due to customers	448,830,000	-320,248,000	310,689,000	-370,583,000	443,429,000	-336,578,000	332,923,000	-401,048,000	398,472,000	-337,159,000	354,495,000	-102,108,000	174,293,000	-315,294,000	373,509,000	-216,912,000	183,536,000	-353,597,000	399,035,000
change in customer funds receivable	-779,000	-2,483,000	5,098,000	-4,200,000	620,000	-3,197,000	3,226,000	73,000	-1,500,000	-1,859,000	1,671,000	-745,000	569,000	-1,115,000	5,107,000	-824,000	-4,451,000	-563,000	4,633,000
purchase of treasury stock, including excise tax payments
net cash from financing activities	398,126,000	-330,032,000	295,766,000	-460,774,000	420,294,000	-394,637,000	353,781,000	-507,189,000	363,681,000	-353,238,000	358,515,000	-190,152,000	131,396,000	-325,448,000	797,256,000	-276,110,000	122,581,000	-379,619,000	383,071,000																			9,546,000				75,000	107,310,000	-4,873,000	-5,092,000	14,699,000					-34,942,000	-20,156,000	254,234,000	-4,580,000	-4,823,000	-5,113,000	-4,486,000	-4,841,000	-379,000	-7,825,000	-23,034,000	-1,510,000	-24,344,000	-21,533,000	-22,717,000	-4,598,000	-6,531,000	25,863,000	-7,824,000	-12,466,000	-11,196,000	-4,984,000	-8,186,000	988,000		-1,473,000	-825,000	-3,100,000		-47,618,000	-3,482,000	-6,078,000		-36,000
effect of exchange rate on cash, cash equivalents and restricted cash	5,544,000	1,668,000	-5,481,000	4,050,000	337,000	-860,000	2,359,000	-2,800,000	1,503,000	986,000	3,749,000	-6,983,000	-6,748,000	-504,000	200,000	-895,000	762,000	230,000	2,868,000
net increase in cash, cash equivalents and restricted cash
cash, cash equivalents and restricted cash, beginning of period	0	809,512,000		0	0	728,257,000		0	0	733,931,000		0	0	651,762,000		0	0	644,969,000		0	0	577,295,000		0
cash, cash equivalents and restricted cash, end of period	455,171,000	456,643,000		-368,380,000	448,239,000	382,869,000		-399,643,000	402,176,000	388,154,000		-103,179,000	165,140,000	313,380,000		-219,142,000	179,944,000	282,911,000		-218,223,000	195,224,000	257,222,000		-114,647,000
purchase of treasury stock		-100,030,000	-92,626,000	-62,812,000	0	-262,596,000									-10,063,000	-40,279,000	-30,008,000	-28,066,000																																									0	-1,071,000							-3,389,000	-4,311,000	-16,190,000	-19,837,000	-1,403,000	-348,000	-2,000	-14,104,000	-892,000	-845,000	-737,000	-6,254,000		-45,599,000	-2,661,000	-7,969,000
net decrease in cash, cash equivalents and restricted cash		-352,869,000				-345,388,000				-345,777,000		-103,179,000	165,140,000	-338,382,000		-219,142,000	179,944,000	-362,058,000
everfi impairment charges
capitalized software and content development costs			-16,875,000	-14,490,000	-15,322,000	-13,070,000	-14,779,000	-15,908,000	-14,789,000	-13,967,000	-16,017,000	-15,574,000
purchase of net assets of acquired companies, net of cash and restricted cash acquired							0				33,000	-1,929,000	969,000	-19,985,000
cash (used) received in disposition of business
stock issuance costs											-134,000	-648,000
cash, cash equivalents and restricted cash, beginning of year
cash, cash equivalents and restricted cash, end of year
supplemental disclosure of cash flow information
cash paid for interest
cash (paid) for taxes, net of refunds
non-cash investing and financing activities:
purchase of software and services by assuming directly related liabilities
purchase of equipment and other assets included in accounts payable
loss on disposition of business				0	0	1,561,000
net cash from disposition of business				0	0	-1,179,000
cash received in sale of business											0
purchase of everfi through the issuance of stock
proceeds from exercise of stock options																			0	0	3,000	1,000	0	1,000	3,000	3,000	0	0	2,000	9,000	1,000	0	3,000	11,000	6,000	5,000	2,000	3,000	9,000	5,000	7,000	11,000	6,000	75,000	82,000	25,000	50,000	114,000	154,000	67,000	41,000	121,000	25,000	2,959,000	68,000	48,000	1,609,000	316,000	3,370,000	1,715,000	326,000	2,654,000	382,000	1,872,000	204,000	51,000	187,000	303,000	106,000	287,000	3,049,000	1,574,000	400,000	428,000	1,839,000	1,278,000	1,500,000	3,266,000		64,000	1,332,000	4,079,000		162,000
dividend payments to stockholders																			0																																			-5,409,000	-5,395,000	-5,348,000	-5,350,000	-5,336,000	-4,881,000	-4,770,000	-4,929,000	-4,910,000	-4,467,000	-4,399,000	-4,458,000	-4,349,000	-4,301,000	-4,353,000	-4,350,000	-4,493,000	-3,815,000	-3,756,000	-3,735,000	-3,768,000	-3,109,000	-3,071,000	-3,069,000	-3,034,000		-2,083,000	-2,146,000	-2,151,000
cash paid during the year for:
interest																																																																																		1,000
taxes, net of refunds
purchase of property and equipment by assuming directly related liabilities
cash (paid) received during the year for:
acquired restricted cash liabilities due to customers
benefit from doubtful accounts and sales returns																							2,533,000	1,546,000	2,614,000	2,032,000	2,130,000	1,063,000	1,923,000	1,774,000	4,440,000	1,777,000	2,731,000	2,738,000	591,000	875,000	1,247,000	1,017,000	2,252,000	1,639,000	1,576,000	1,358,000	1,411,000	871,000	1,892,000	1,074,000	4,331,000	-174,000	576,000	670,000	5,379,000	1,701,000	1,394,000	1,117,000	1,938,000	1,342,000	1,242,000	1,124,000	813,000	1,258,000	245,000	457,000	1,376,000	797,000	380,000	905,000	161,000	1,819,000	1,037,000	1,162,000	-233,000	1,004,000	780,000	491,000	593,000	508,000	316,000	256,000		17,000	265,000	429,000
purchase of derivative instruments
proceeds from settlement of derivative instruments																															0
effect of exchange rate on cash, cash equivalents, and restricted cash																										1,036,000				713,000
net decrease in cash, cash equivalents, and restricted cash
cash, cash equivalents, and restricted cash, beginning of period																										449,846,000		0	0	640,174,000
cash, cash equivalents, and restricted cash, end of period																										244,583,000		-119,576,000	128,852,000	195,805,000
net increase in cash, cash equivalents, and restricted cash
cash, cash equivalents, and restricted cash, beginning of year
cash, cash equivalents, and restricted cash, end of year
loss on sale of business																																							0	0
impairment of capitalized software development costs
net cash from sale of business
restricted cash due to customers																																149,956,000	-124,536,000	188,824,000		57,253,000	-79,017,000	141,055,000
due to customers
purchase of net assets of acquired companies, net of cash acquired																																																							-6,910,000	0	0	-16,475,000	-4,944,000	0			0	0			11,000
effect of exchange rate on cash and cash equivalents																																252,000	-171,000	225,000				707,000							158,000	105,000					-368,000			339,000	646,000	-1,019,000	-66,000	429,000	162,000	473,000	-259,000	-107,000	102,000	607,000	-67,000	-47,000	-1,196,000	-415,000	-27,000	-95,000	127,000	-155,000	129,000	-70,000	27,000	-40,000	53,000	-8,000	-112,000	-105,000	-61,000	-20,000	106,000	-80,000
net increase in cash and cash equivalents																																-218,000			440,000				-2,193,000				-39,225,000	29,113,000	-7,703,000	20,661,000									491,000	18,602,000	9,271,000	-3,848,000	1,721,000	12,989,000	-10,017,000	512,000	531,000	3,701,000	-4,490,000	6,666,000					-1,407,000	-1,481,000			13,522,000	23,340,000	14,431,000	-6,193,000	1,980,000	-29,741,000	7,175,000	1,125,000	8,762,000	16,531,000
cash and cash equivalents, beginning of period																																0	0	16,902,000		0	0	15,362,000		0	0	14,735,000		0	0	11,889,000		0	0	13,491,000		0	0	52,520,000		0	0	27,974,000		0	0	22,769,000		0	0	16,361,000		0	0	14,775,000		0	0	67,783,000		0	0	22,683,000		0	0	42,144,000	0
cash and cash equivalents, end of period																																-218,000	3,396,000	13,872,000		1,199,000	3,179,000	12,084,000		4,328,000	-59,000	13,286,000		29,113,000	-7,703,000	32,550,000		9,379,000	-1,149,000	8,449,000		4,390,000	-24,775,000	45,967,000		18,602,000	9,271,000	24,126,000		12,989,000	-10,017,000	23,281,000		3,701,000	-4,490,000	23,027,000		2,324,000	-2,163,000	12,142,000		-1,481,000	1,681,000	15,982,000		23,340,000	14,431,000	16,490,000		-29,741,000	7,175,000	43,269,000	8,762,000
the accompanying notes are an integral part of these consolidated financial statements.
purchase of net assets of acquired companies, net of cash																																		59,000
net decrease in cash and cash equivalents																																																						-6,553,000														2,324,000	-2,163,000	-2,633,000				-51,801,000
loss on debt extinguishment and termination of derivative instruments																																											0	0	0	996,000
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
excess tax benefits from exercise and vesting of stock-based compensation																																					1,592,000	1,137,000	3,976,000	536,000
changes in operating assets and liabilities, net of acquisition of businesses:
donor restricted cash																																								-2,627,000	-3,422,000	82,140,000		-5,550,000	-1,071,000	63,680,000		-14,879,000	-1,083,000	42,588,000		-7,595,000	2,507,000	19,361,000	-15,264,000	-13,138,000	4,013,000	1,527,000	2,574,000	-11,949,000	2,782,000	3,147,000	3,618,000	-10,978,000	1,534,000	5,315,000	2,580,000
donations payable																																																						-19,361,000	15,264,000	13,138,000	-4,013,000	-1,527,000	-2,574,000	11,949,000	-2,782,000	-3,147,000	-3,618,000	10,978,000	-1,534,000	-5,315,000	-2,580,000
excess tax benefits from from exercise and vesting of stock-based compensation																																										584,000
excess tax benefits from stock based compensation																																																								-197,000	-33,000	-193,000	-1,468,000	-121,000	-26,000	-1,014,000
impairment of cost method investment																																																			0	0
excess tax benefits from stock-based compensation																																												1,695,000	1,464,000	603,000					0	-259,000	650,000	-310,000
impairment of capitalized software development costs due to business combination																																												5,000
gain on sale of assets
amortization of deferred financing costs
proceeds from sale of assets																																																							0	155,000	119,000	600,000
payments of deferred financing costs																																																						-2,440,000		0
payments on capital lease obligations																																																							-5,000	-10,000	-11,000	-14,000	-29,000	-23,000	-31,000	-81,000	-84,000	-83,000	-103,000	-114,000	-113,000	-151,000	-140,000	-136,000	-142,000	-131,000	-112,000	-92,000
purchase of equipment included in accounts payable
purchase of investment																																																											0	0
purchase of intangible assets																																																											0	0	0	-130,000
changes in assets and liabilities, net of acquisition of businesses:
payments on deferred financing costs
accrued expenses and other current liabilities																																																									3,328,000	-6,373,000	-1,975,000	717,000	2,839,000	-6,356,000	-2,013,000	2,887,000	3,425,000	-3,687,000			501,000	-3,274,000	5,082,000	5,295,000	-1,249,000	-3,049,000		1,950,000	1,379,000	-3,151,000		1,164,000	2,815,000	-5,182,000		2,121,000
proceeds from sale and maturity of marketable securities
payments of deferred financing fees																																																																			0	0			0
changes in assets and liabilities:
excess tax benefit on exercise of stock options																																																															2,401,000	-4,342,000	-399,000	-65,000	-1,329,000	-150,000	203,000	-221,000	-7,235,000	1,595,000	263,000	446,000
payments on deferred financing fees
purchase of net assets of acquired companies																																																																					-568,000	-2,327,000				-59,216,000	-51,000	-12,000
changes in assets and liabilities, net of acquisition:
supplemental disclosures of cash flow information
taxes																																																																																		1,134,000
non-cash financing activities:
increase in share repurchase payable																																																																						2,806,000
changes in assets and liabilities, net of acquisitions:
amortization of deferred financing fees																																																																								26,000	12,000	12,000	12,000	12,000	12,000	12,000		12,000	12,000	12,000		0
payments on debt acquired																																																																									0	-1,922,000
changes in assets and liabilities, net of acquisition
repayments on long-term debt and capital lease obligations																																																																																0	-7,000	-37,000		-37,000
payment of deferred financing fees
adjustments to reconcile net income to net provided by operating activities
total adjustments																																																																													8,645,000	-2,410,000		12,036,000	3,436,000	-3,502,000		9,519,000
stock-based compensation																																																																														1,974,000
purchase of net assets of acquired company																																																																														-6,081,000			-448,000	-49,000		-31,000
adjustments to reconcile net income to net cash from operating activities
cash paid during the year for
noncash activities
change in fair value of derivative instruments
stock based compensation benefit
benefit on exercise of stock options																																																																																2,764,000	663,000	2,606,000
changes in assets and liabilities accounts receivable
stock option compensation (benefit) expense
changes in assets and liabilities
depreciation																																																																																		668,000		624,000
amortization of intangibles																																																																																				0
stock option compensation expense																																																																																		-6,922,000
cash paid during the period for
stock option compensation

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