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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net income $ 2.8 $ 77.8
Net income from discontinued operations 0.0 (62.5)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47.7 44.3
Provision for credit losses 18.7 9.6
Deferred income taxes (4.7) 3.5
Amortization of debt issuance costs 2.7 2.6
Stock-based compensation 5.0 6.4
Other non-cash, net 1.4 3.5
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables and other assets 210.7 (177.8)
Accounts payable and accrued expenses (333.5) 142.6
Net cash (used by) provided by operating activities - continuing operations (49.2) 50.0
Net cash provided by operating activities - discontinued operations 0.0 37.5
Investing activities    
Net decrease in finance receivables held for investment 146.3 18.6
Acquisition of businesses (net of cash acquired) 0.0 (120.7)
Purchases of property, equipment and computer software (29.6) (32.3)
Net cash provided by (used by) investing activities - continuing operations 116.7 (134.4)
Net cash used by investing activities - discontinued operations 0.0 (21.6)
Financing activities    
Net (decrease) increase in book overdrafts (35.1) 37.4
Net (decrease) increase in borrowings from lines of credit (1.8) 108.8
Net decrease in obligations collateralized by finance receivables (103.7) (88.5)
Payments on long-term debt (2.4) (10.7)
Payments on finance leases (4.4) (4.7)
Payments of contingent consideration and deferred acquisition costs (22.3) 0.0
Issuance of common stock under stock plans 0.4 0.7
Tax withholding payments for vested RSUs (3.4) (10.2)
Dividends paid to stockholders (24.5) (46.5)
Net cash used by financing activities - continuing operations (197.2) (13.7)
Net cash used by financing activities - discontinued operations 0.0 (4.6)
Effect of exchange rate changes on cash (23.7) 5.8
Net decrease in cash, cash equivalents and restricted cash (153.4) (81.0)
Cash, cash equivalents and restricted cash at beginning of period 560.9 304.7
Cash paid for interest, net of proceeds from interest rate derivatives 23.4 35.7
Cash paid for taxes, net of refunds 5.6 14.0
Cash, cash equivalents and restricted cash at end of period 407.5 223.7
Discontinued Operations    
Cash paid for taxes, net of refunds $ 0.0 $ 15.3