v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions |
12 Months Ended |
|
|
|
Operating activities |
|
|
|
Net income |
$ 0.5
|
$ 188.5
|
$ 328.0
|
Net income from discontinued operations |
0.0
|
(96.1)
|
(210.4)
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
Depreciation and amortization |
191.3
|
188.7
|
172.4
|
Provision for credit losses |
43.8
|
40.1
|
36.9
|
Deferred income taxes |
(7.2)
|
(3.3)
|
3.0
|
Amortization of debt issuance costs |
11.7
|
12.2
|
10.6
|
Stock-based compensation |
14.0
|
19.6
|
19.6
|
Goodwill and other intangibles impairment |
29.8
|
0.0
|
0.0
|
Loss on extinguishment of debt |
0.0
|
2.2
|
0.0
|
Other non-cash, net |
9.7
|
12.1
|
(0.4)
|
Changes in operating assets and liabilities, net of acquisitions: |
|
|
|
Trade receivables and other assets |
117.9
|
(3.0)
|
(49.0)
|
Accounts payable and accrued expenses |
(27.1)
|
19.8
|
127.9
|
Net cash provided by operating activities - continuing operations |
384.4
|
380.8
|
438.6
|
Net cash provided by operating activities - discontinued operations |
0.0
|
161.2
|
284.3
|
Investing activities |
|
|
|
Net decrease (increase) in finance receivables held for investment |
170.6
|
(132.7)
|
(138.6)
|
Acquisition of businesses (net of cash acquired) |
(421.0)
|
(120.7)
|
(45.2)
|
Purchases of property, equipment and computer software |
(101.4)
|
(161.6)
|
(131.3)
|
Proceeds from the sale of PWI |
24.3
|
0.0
|
0.0
|
Proceeds from the sale of property and equipment |
0.9
|
0.0
|
0.0
|
Net cash used by investing activities - continuing operations |
(326.6)
|
(415.0)
|
(315.1)
|
Net cash used by investing activities - discontinued operations |
0.0
|
(37.4)
|
(66.1)
|
Financing activities |
|
|
|
Net decrease in book overdrafts |
(6.9)
|
(4.7)
|
(20.7)
|
Net (decrease) increase in borrowings from lines of credit |
(14.0)
|
19.3
|
0.0
|
Net (decrease) increase in obligations collateralized by finance receivables |
(191.1)
|
3.8
|
101.4
|
Proceeds from issuance of Series A Preferred Stock |
550.1
|
0.0
|
0.0
|
Payments for issuance costs of Series A Preferred Stock |
(21.9)
|
0.0
|
0.0
|
Proceeds from long-term debt |
0.0
|
947.6
|
0.0
|
Payments for debt issuance costs/amendments |
(18.5)
|
(14.1)
|
(12.5)
|
Payments on long-term debt |
(9.5)
|
(1,749.0)
|
(17.0)
|
Payments on finance leases |
(16.1)
|
(15.9)
|
(15.4)
|
Payments of contingent consideration and deferred acquisition costs |
(31.2)
|
(9.4)
|
(18.1)
|
Issuance of common stock under stock plans |
2.1
|
4.3
|
15.0
|
Issuance of common stock - private placement |
15.0
|
0.0
|
0.0
|
Tax withholding payments for vested RSUs |
(4.0)
|
(10.8)
|
(10.2)
|
Repurchase and retirement of common stock |
(10.2)
|
(119.7)
|
(150.0)
|
Dividends paid to stockholders |
(49.0)
|
(164.3)
|
(188.3)
|
Cash transferred to IAA |
0.0
|
(50.9)
|
0.0
|
Net cash provided by (used by) financing activities - continuing operations |
194.8
|
(1,163.8)
|
(315.8)
|
Net cash provided by (used by) financing activities - discontinued operations |
0.0
|
1,317.6
|
(4.3)
|
Effect of exchange rate changes on cash |
(1.2)
|
12.8
|
(20.4)
|
Net increase in cash, cash equivalents and restricted cash |
251.4
|
256.2
|
1.2
|
Cash, cash equivalents and restricted cash at beginning of period |
560.9
|
304.7
|
303.5
|
Cash paid for interest, net of proceeds from interest rate derivatives |
116.6
|
170.0
|
180.8
|
Cash paid for taxes, net of refunds |
16.6
|
37.8
|
57.9
|
Cash, cash equivalents and restricted cash at end of period |
812.3
|
560.9
|
304.7
|
Discontinued Operations |
|
|
|
Cash paid for taxes, net of refunds |
$ 0.0
|
$ 41.4
|
$ 64.0
|
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