XML 45 R30.htm IDEA: XBRL DOCUMENT v3.20.4
Quarterly Financial Data (unaudited)
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Quarterly Financial Data (unaudited) Quarterly Financial Data (unaudited)
First
Quarter		Second QuarterThird QuarterFourth QuarterTotal
2020
Revenue$796,268 $837,492 $891,898 $1,028,417 $3,554,075 
Cost of revenue502,891 565,296 608,191 729,845 2,406,223 
Operating expenses521,954 255,477 272,380 282,973 1,332,784 
(Loss) income from continuing operations before income taxes(228,577)16,719 11,327 15,599 (184,932)
(Benefit) provision for income taxes(10,030)17,016 554 (813)6,727 
(Loss) income from continuing operations(218,547)(297)10,773 16,412 (191,659)
Income (loss) from discontinued operations10,064 (3,032)616 2,467 10,115 
Net (loss) income$(208,483)$(3,329)$11,389 $18,879 $(181,544)
Basic (loss) earnings per share (1)
Continuing operations$(1.28)$— $0.06 $0.10 $(1.12)
Discontinued operations0.06 (0.02)— 0.01 0.06 
Net (loss) income $(1.22)$(0.02)$0.07 $0.11 $(1.06)
Diluted (loss) earnings per share (1)
 
Continuing operations$(1.28)$— $0.06 $0.09 $(1.12)
Discontinued operations0.06 (0.02)— 0.01 0.06 
Net (loss) income $(1.22)$(0.02)$0.07 $0.11 $(1.06)

First
Quarter		Second QuarterThird QuarterFourth QuarterTotal
2019
Revenue$795,084 $788,573 $790,125 $831,343 $3,205,125 
Cost of revenues467,187 468,227 467,805 518,920 1,922,139 
Operating expenses322,620 287,312 341,870 304,042 1,255,844 
Income (loss) from continuing operations before income taxes5,277 33,034 (19,550)8,381 27,142 
Provision (benefit) for income taxes7,820 3,724 (24,895)344 (13,007)
(Loss) income from continuing operations(2,543)29,310 5,345 8,037 40,149 
(Loss) income from discontinued operations(116)(5,613)(8,470)168,659 154,460 
Net (loss) income $(2,659)$23,697 $(3,125)$176,696 $194,609 
Basic (loss) earnings per share (1):
Continuing operations$(0.01)$0.17 $0.03 $0.05 $0.23 
Discontinued operations— (0.03)(0.05)0.99 0.88 
Net (loss) income$(0.01)$0.13 $(0.02)$1.04 $1.10 
Diluted (loss) earnings per share (1):
Continuing operations$(0.01)$0.16 $0.03 $0.05 $0.23 
Discontinued operations— (0.03)(0.05)0.98 0.87 
Net (loss) income $(0.01)$0.13 $(0.02)$1.03 $1.10 

(1) The sum of earnings per share amounts may not equal the totals due to rounding.

Net income for the fourth quarter 2020 includes a tax benefit of $5 million for the correction of tax balances in certain domestic and international tax jurisdictions (see Note 15).
In the fourth quarter 2020, we determined that certain amounts reported in our previously issued interim statements of cash flows were not properly classified or reported (see Note 1 for further details). We have determined that these adjustments were not material to the previously issued financial statements, but have provided the impact on our previously issued interim Condensed Consolidated Statements of Cash Flows for each of the year-to-date interim periods in 2020 below.
Three Months Ended March 31, 2020
(unaudited)As Previously ReportedAdjustmentsAs Revised
Cash flows from operating activities
Changes in finance receivables$18,843 $(1,071)$17,772 
Net cash from operating activities: continuing operations$(28,479)$(1,071)$(29,550)
Net cash from operating activities$(66,284)$(1,071)$(67,355)
Cash flows from investing activities
Purchases of investment securities$(67,312)$(40,000)$(107,312)
Proceeds from sales/maturities of investment securities$24,102 $80,120 $104,222 
Net change in short-term and other investing activities$48,431 $(48,431)$— 
Net investment in loan receivables$— $1,071 $1,071 
Customer deposits at the Bank$(888)$888 $— 
Other investing activities$(230)$8,311 $8,081 
Net cash from investing activities: continuing operations$(22,956)$1,959 $(20,997)
Net cash from investing activities$(25,458)$1,959 $(23,499)
Cash flows from financing activities
Customer deposits at the Bank$— $(888)$(888)
Net cash from financing activities$(159,596)$(888)$(160,484)
Six Months Ended June 30, 2020
(unaudited)As Previously ReportedAdjustmentsAs Revised
Cash flows from operating activities
Changes in finance receivables$84,342 $(387)$83,955 
Net cash from operating activities: continuing operations$125,232 $(387)$124,845 
Net cash from operating activities$86,809 $(387)$86,422 
Cash flows from investing activities
Purchases of investment securities$(115,565)$(166,500)$(282,065)
Proceeds from sales/maturities of investment securities$94,425 $120,041 $214,466 
Net change in short-term and other investing activities$(44,035)$44,035 $— 
Net investment in loan receivables$— $387 $387 
Customer deposits at the Bank$22,331 $(22,331)$— 
Other investing activities$(885)$2,424 $1,539 
Net cash from investing activities: continuing operations$(52,043)$(21,944)$(73,987)
Net cash from investing activities$(54,545)$(21,944)$(76,489)
Cash flows from financing activities
Customer deposits at the Bank$— $22,331 $22,331 
Net cash from financing activities$(84,598)$22,331 $(62,267)

Nine Months Ended September 30, 2020
(unaudited)As Previously ReportedAdjustmentsReclassAs Revised and Reclassified
Cash flows from operating activities
Changes in finance receivables$85,593 $542 $— $86,135 
Net cash from operating activities: continuing operations$229,047 $542 $— $229,589 
Net cash from operating activities$190,624 $542 $— $191,166 
Cash flows from investing activities
Purchases of investment securities$(392,427)$(198,877)$— $(591,304)
Proceeds from sales/maturities of investment securities$241,924 $259,535 $— $501,459 
Net change in short-term and other investing activities$68,464 $(68,464)$— $— 
Net investment in loan receivables$— $(542)$(3,264)$(3,806)
Customer deposits at the Bank$19,464 $(19,464)$— $— 
Other investing activities$(1,511)$7,806 $3,264 $9,559 
Net cash from investing activities: continuing operations$(93,233)$(20,006)$— $(113,239)
Net cash from investing activities$(95,735)$(20,006)$— $(115,741)
Cash flows from financing activities
Customer deposits at the Bank$— $19,464 $— $19,464 
Net cash from financing activities$(217,372)$19,464 $— $(197,908)