Company: ACIW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000935036-25-000031
Chunk: 137

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 137
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 our available liquidity for the dates indicated (in thousands):September 30, 2025December 31, 2024Cash and cash equivalents$199,268 $216,394 Availability under revolving credit facility358,100 528,100 Total liquidity$557,368 $744,494 

The decrease in total liquidity is primarily due to increased borrowings on the revolving credit facility used to redeem the Company's outstanding 2026 Notes.

The Company and ACI Payments, Inc., a wholly owned subsidiary, maintain a $75.0 million uncommitted overdraft facility with Bank of America, N.A. The overdraft facility acts as a secured loan under the terms of the Credit Agreement to provide an additional funding mechanism for timing differences that can occur in the bill payment settlement process. As of September 30, 2025, the full $75.0 million was available.

Stock Repurchase Program

The board approved a stock repurchase program authorizing the Company, as market and business conditions warrant, to acquire its common stock and periodically authorizes additional funds for the program. In June 2024, the board approved the repurchase of the Company's common stock of up to $400.0 million in place of the remaining purchase amounts previously authorized.

We repurchased 3,073,321 shares for $151.0 million under the program during the nine months ended September 30, 2025. Under the program to date, we have repurchased 65,941,158 shares for approximately $1.2 billion. As of September 30, 2025, the maximum remaining amount authorized for purchase under the stock repurchase program was approximately $207.1 million. See Note 6, Common Stock and Treasury Stock, to our unaudited condensed consolidated financial statements in Part I of this Form 10-Q for additional information.

On October 31, 2025, the Board of Directors approved $500.0 million for the stock repurchase program in place of the remaining purchase amounts previously authorized.

Cash Flows

The following table sets forth summarized cash flow data for the periods indicated (in thousands):Nine Months EndedSeptember 30,20252024Net cash provided by (used by):Operating activities$201,056 $232,266 Investing activities19,648 (31,641)Financing activities(235,247)(170,445)

Cash Flows from Operating Activities

The primary source of operating cash flows is cash collections from our customers for