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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net (loss) income $ (12,269) $ 16,208
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Net unrealized loss 49,737 12,870
Stock-based compensation 12,533 9,703
Depreciation and amortization 64,989 51,697
Debt restructuring and debt issuance cost amortization 2,002 2,095
(Benefit) provision for deferred taxes (8,830) 3,402
Provision for credit losses 33,987 17,791
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable and securitized accounts receivable 488,709 (239,658)
Prepaid expenses and other current and other long-term assets (18,830) (7,109)
Accounts payable (200,428) 245,657
Accrued expenses and restricted cash payable (75,383) (43,554)
Income taxes 5,822 (1,153)
Other current and other long-term liabilities (1,816) 2,161
Net cash provided by operating activities 340,223 70,110
Cash flows from investing activities    
Purchases of property, equipment and capitalized software (20,665) (28,385)
Acquisitions, net of cash 0 (568,426)
Purchases of investment securities (131) (140)
Maturities of investment securities 88 85
Net cash used for investing activities (20,708) (596,866)
Cash flows from financing activities    
Repurchase of share-based awards to satisfy tax withholdings (8,817) (9,723)
Proceeds from stock option exercises 1,952 405
Net change in deposits (143,049) (136,717)
Net activity on other debt (84,985) (57,556)
Borrowings on revolving credit facility 0 863,756
Repayments on revolving credit facility 0 (693,600)
Borrowings on term loans 0 550,000
Repayments on term loans (16,152) (15,871)
Debt issuance costs 0 (3,443)
Net change in securitized debt (6,909) (1,191)
Net cash (used for) provided by financing activities (257,960) 496,060
Effect of exchange rates on cash, cash equivalents and restricted cash (16,543) 1,743
Net change in cash, cash equivalents and restricted cash 45,012 (28,953)
Cash, cash equivalents and restricted cash at beginning of period [1] 981,381 555,031
Cash, cash equivalents and restricted cash at end of period [1] 1,026,393 526,078
Supplemental disclosure of non-cash investing and financing activities    
Capital expenditures incurred but not paid 3,362 2,046
Cash, Cash Equivalents, Restricted Cash And Restricted Cash Equivalents [Roll Forward]    
Cash and cash equivalents at beginning of period [1] 810,932 541,498
Restricted cash at beginning of period [1] 170,449 13,533
Cash, cash equivalents and restricted cash at beginning of period [1] 981,381 555,031
Cash and cash equivalents at end of period [1] 861,188 387,274
Restricted cash at end of period [1] 165,205 138,804
Cash, cash equivalents and restricted cash at end of period [1] $ 1,026,393 $ 526,078
[1] The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within our condensed consolidated balance sheets to amounts within our condensed consolidated statements of cash flows.

 
Three Months Ended March 31,
 
2020
 
2019
Cash and cash equivalents at beginning of period
$
810,932

 
$
541,498

Restricted cash at beginning of period
170,449

 
13,533

Cash, cash equivalents and restricted cash at beginning of period
$
981,381

 
$
555,031

 
 
 
 
Cash and cash equivalents at end of period
$
861,188

 
$
387,274

Restricted cash at end of period
165,205

 
138,804

Cash, cash equivalents and restricted cash at end of period
$
1,026,393

 
$
526,078