7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 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
    		47,434,000 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
    		21,306,000 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
    		8,000 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
    		21,657,000 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
    		-16,029,000 -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
    		594,000 647,000 699,000 752,000 802,000 635,000 349,000 387,000 425,000 463,000 500,000 537,000 573,000 609,000 645,000 336,000 355,000 373,000 506,000 212,000 193,000 188,000 188,000 188,000 188,000 188,000 188,000 188,000 188,000 188,000 188,000 188,000 182,000 229,000 239,000 240,000 240,000 239,000 239,000 239,000 240,000 210,000 210,000 210,000 181,000 181,000 162,000                                       
      loss on disposition of businesses
    		                                                                                     
      other non-cash adjustments
    		227,000 -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
    		62,562,000 -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
    		-797,000 -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
    		5,175,000 -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
    		12,241,000 -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
    		-15,167,000 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
    		139,211,000 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
    		-15,975,000 -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
    		123,236,000 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
    		-3,494,000 -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
    		-12,481,000 -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 0 -12,235,000                                                                                   
      other investing activities
    		   0 0   0                0 0                                                             
      net cash from investing activities
    		-15,975,000 -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
    		34,700,000 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
    		-129,256,000 -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
    		-1,014,000 -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
    		-452,049,000 448,830,000 -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
    		1,586,000 -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
    		-30,133,000                                                                                     
      net cash from financing activities
    		-576,166,000 398,126,000 -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
    		-1,444,000 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 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                                                                   
      cash, cash equivalents and restricted cash, beginning of period
    		0 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
    		-454,374,000 455,171,000 456,643,000  -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                                                             
      net increase in cash, cash equivalents and restricted cash
    		                                                                                     
      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   
      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
    		                                                                                     
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.