EU R O N E TSE RV I C E SIN C. A N DSU B S I D I A R I E S
Consolidated Statements of Cash Flows
Year Ended December 31,
2 0 0 0 1 9 9 9 1 9 9 8
(in thousands)
Net cash used in operating activities (note 21) $(16,357) $(20,371)               $(22,768)
Cash flows from investing activities:
Fixed asset purc h a s e s ( 3 , 4 2 8 ) ( 8 , 6 8 5 ) ( 9 , 7 4 0 )
P roceeds from sale of fixed assets 7 0 6. 3 , 7 4 2. 5 43
P u rchase of investment securities — . ( 5 , 3 7 3 ) ( 2 9 , 7 7 8 )
P roceeds from maturity of investment securities — . 7 , 7 7 2. 5 8 , 7 8 9
Investment in subsidiaries, net of cash acquire d — . (7,316)              (17,338)   
Net incre a s e / ( d e c rease) in loan re c e i v a b l e ( 1 3 ) 28. ( 8 )
Net cash (used in)/provided by investing activities ( 2 , 7 3 5 ) ( 9 , 8 3 2 ) 2 , 4 68.
Cash flows from financing activities:
P roceeds from the sale and leaseback of fixed assets — . 8 27. — .
P roceeds from issuance of shares and other capital contributions 1 3 , 8 8 9. 6 10. 1 78.
P roceeds from issuance of notes payable and warr a n t s 3 7 8. — . 8 3 , 1 0 0.
Costs to obtain loans — . ( 2 2 ) ( 3 , 2 9 4 )
R e p u rchase of notes payable and warr a n t s — . ( 5 , 2 0 2 ) ( 5 , 4 7 3 )
Repayment of obligations under capital leases ( 3 , 6 7 7 ) ( 5 , 6 6 0 ) ( 7 , 3 2 3 )
I n c re a s e / ( d e c rease) in short - t e rm bank borro w i n g s 1 9 2. ( 3 0 0 ) 1 4 2.
( I n c re a s e ) / d e c rease in subscriptions re c e i v a b l e ( 9 ) — . 2 0 3.
Cash loaned to employees for purchase of common stock 2 3 3. ( 7 9 4 ) — .
Net cash provided by/(used in) financing activities ( 1 1 , 0 0 6 ) ( 1 0 , 5 4 1 ) 6 7 , 5 33.
E ffect of exchange diff e rences on cash 2 0 0. 1 67. 8 65.
Net (decre a s e ) / i n c rease in cash and cash equivalents ( 7 , 8 8 6 ) ( 4 0 , 5 7 7 ) 4 8 , 0 98.
Cash and cash equivalents at beginning of period 1 5 , 0 3 7. 5 5 , 6 14. 7 , 5 16.
Cash and cash equivalents at end of period $ 7 , 1 5 1. $ 1 5 , 0 3 7. $ 5 5 , 6 1 4.
Supplemental disclosures of cash flow information (note 22):
I n t e rest paid during year $ 2 , 0 7 6. $ 1 , 1 33. $ 1 , 9 07.
Income taxes refunded during year $ — . $ 8 39. $ — .
See accompanying notes to consolidated financial statements.
NO T E ST OTH ECO N S O L I D AT E DFI N A N C I A LSTAT E M E N T SFO RTH EYE A R SEN D E DDE C E M B E R31, 2000, 1999 A N D1 9 9 8
( 1 ) O r g a n i z a t i o n
E u ronet Services Inc. was established as a Delaware corporation on December 13, 1997 and capitalized on March 6, 1998. Euronet Serv i c e s
Inc. succeeded Euronet Holding N.V . as the group holding company. 
E u ronet Services Inc. and its subsidiaries (the “Company” or “Euronet”) is a provider of electronic financial solutions and transaction
p rocessing services to banks, financial institutions, and other companies. Euronet operates an automated teller machine (“ATM”) network in
E u rope and the U.S., which serves banks and retail companies by accepting most international bankcards and pro p r i e t a ry cards issued by
member banks. Some of the ATMs also per f o rm certain deposit, sales or advertising functions. Euronet also provides ATM network
management outsourcing services to banks or companies with their own networks. Euronet sells integrated software solutions for electro n i c
payment and financial transaction delivery systems worldwide. Its software comprises a suite of products including a core system, Integrated
Transaction Management (“ITM”), and compatible modular software for ATM and POS network processing, electronic funds transfer
i n t e rfaces, electronic funds transfer switch control, credit/debit card management and processing, and corporate cash management and
personal financial management access products. 
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