XML 24 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Cash flow from operating activities:      
Net income $ 143,892,000 $ 60,127,000 $ 60,710,000
Adjustments to reconcile net income to net cash flow provided by operating activities:      
Non-cash portion of credit loss provision 12,727,000 5,970,000 761,000
Share-based compensation expense 3,069,000 4,174,000 429,000
Net gain on sale of common stock of Enova 0 (1,299,000) 0
Depreciation and amortization expense 55,233,000 31,865,000 17,939,000
Amortization of debt issuance costs 1,838,000 1,427,000 943,000
Amortization of favorable/(unfavorable) lease intangibles, net (976,000) (232,000) 0
Gain (Loss) on Extinguishment of Debt 14,114,000 0 0
Goodwill impairment - U.S. consumer loan operations 0 0 7,913,000
Deferred income taxes, net (14,497,000) 11,912,000 (430,000)
Changes in operating assets and liabilities, net of business combinations:      
Fees and service charges receivable (1,411,000) 1,776,000 (100,000)
Inventories 16,193,000 (4,619,000) (1,404,000)
Prepaid expenses and other assets 13,702,000 4,878,000 490,000
Accounts payable, accrued expenses and other liabilities (35,135,000) (16,335,000) 4,350,000
Income taxes 11,608,000 (2,790,000) 1,148,000
Net cash flow provided by operating activities 220,357,000 96,854,000 92,749,000
Cash flow from investing activities:      
Loan receivables, net of cash repayments 40,735,000 (16,072,000) (3,716,000)
Purchases of property and equipment (37,135,000) (33,863,000) (21,073,000)
Portion of aggregate merger consideration paid in cash, net of cash acquired 0 (8,250,000) 0
Acquisitions of pawn stores, net of cash acquired 2,203,000 29,866,000 46,887,000
Proceeds from sale of common stock of Enova 0 62,084,000 0
Net cash flow provided by (used in) investing activities 1,397,000 (25,967,000) (71,676,000)
Cash flow from financing activities:      
Borrowings from revolving credit facility 206,000,000 400,000,000 120,000,000
Repayments of revolving credit facility (359,000,000) (198,000,000) (84,400,000)
Repayments of debt assumed with merger and other acquisitions 0 (238,532,000) 0
Issuance of senior unsecured notes 300,000,000 0 0
Repurchase/redemption of senior unsecured notes (200,000,000) 0 0
Repurchase/redemption premiums on senior unsecured notes (10,895,000) 0 0
Debt issuance costs paid (5,342,000) (2,373,000) (407,000)
Purchases of treasury stock (91,740,000) 0 (39,974,000)
Proceeds from exercise of share-based compensation awards 307,000 0 9,895,000
Income tax benefit from exercise of stock options 0 0 5,126,000
Dividends paid (36,836,000) (19,808,000) 0
Payment of minimum withholding taxes on net share settlement of stock options exercised 0 0 (1,113,000)
Net cash flow provided by (used in) financing activities (197,506,000) (58,713,000) 9,127,000
Effect of exchange rates on cash 220,000 (9,173,000) (11,238,000)
Change in cash and cash equivalents 24,468,000 3,001,000 18,962,000
Cash and cash equivalents at beginning of the year 89,955,000 86,954,000 67,992,000
Cash and cash equivalents at end of the year 114,423,000 89,955,000 86,954,000
Cash paid during the period for:      
Interest 24,301,000 18,663,000 15,464,000
Income taxes 29,813,000 21,535,000 21,579,000
Supplemental disclosure of non-cash investing and financing activity:      
Non-cash transactions in connection with pawn loans settled through forfeitures of collateral transferred to inventories 436,705,000 265,060,000 186,389,000
Notes and other amounts payable in connection with pawn acquisitions 0 2,554,000 575,000
Issuance of common stock associated with the Merger 0 1,015,507,000 0
Revolving unsecured credit facilities assumed as a result of the Merger 0 (232,000,000) 0
Notes payable assumed in acquisition $ 0 $ (6,630,000) $ 0