Company: ACIW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000935036-25-000006
Chunk: 11

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 11
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2024$702 $731,927 $1,598,085 $(784,914)$(121,473)$1,424,327 

The accompanying notes are an integral part of the consolidated financial statements.

54

ACI WORLDWIDE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Years Ended December 31,202420232022Cash flows from operating activities:Net income$203,118 $121,509 $142,177 Adjustments to reconcile net income to net cash flows from operating activities:Depreciation18,161 23,739 23,181 Amortization92,801 98,634 104,147 Amortization of operating lease right-of-use assets9,706 11,620 11,036 Amortization of deferred debt issuance costs2,912 4,323 4,561 Deferred income taxes(13,130)(4,085)1,603 Stock-based compensation expense41,281 24,547 29,753 Gain on divestiture— — (38,452)Other1,920 1,921 3,028 Changes in operating assets and liabilities, net of impact of divestiture:Receivables(23,583)(62,998)(132,194)Accounts payable(268)(3,775)7,730 Accrued employee compensation2,887 8,146 (3,161)Deferred revenue11,886 2,705 (2,977)Other current and noncurrent assets and liabilities11,057 (57,769)(7,051)Net cash flows from operating activities358,748 168,517 143,381 Cash flows from investing activities:Purchases of property and equipment(15,402)(8,924)(13,103)Purchases of software and distribution rights(29,649)(28,853)(26,790)Proceeds from divestiture— — 100,139 Net cash flows from investing activities(45,051)(37,777)60,246 Cash flows from financing activities:Proceeds from issuance of common stock2,918 2,819 3,581 Proceeds from exercises of stock options6,329 6,726 4,584 Repurchase of stock-based compensation awards for tax withholdings(13,111)(5