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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 48,059 $ 91,237
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Net unrealized loss 32,756 6,680
Stock-based compensation 24,861 15,860
Depreciation and amortization 110,486 100,808
Debt restructuring and debt issuance cost amortization 5,471 5,819
(Benefit) provision for deferred taxes (373) 12,213
Provision for credit losses 32,623 27,862
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable and securitized accounts receivable (584,245) (640,130)
Prepaid expenses and other current and other long-term assets 27,153 122,507
Accounts payable 402,237 210,306
Accrued expenses and restricted cash payable 2,992 (9,322)
Income taxes (8,950) 2,703
Other current and other long-term liabilities (9,153) (9,382)
Amounts due under tax receivable agreement (4,511) (3,827)
Net cash provided by (used for) operating activities 79,406 (66,666)
Cash flows from investing activities    
Purchases of property, equipment and capitalized software (48,254) (34,624)
Acquisitions, net of cash acquired (571,552) 0
Purchase of equity investment 0 (2,617)
Purchases of investment securities (5,282) (244)
Maturities of investment securities 177 100
Net cash used for investing activities (624,911) (37,385)
Cash flows from financing activities    
Repurchase of share-based awards to satisfy tax withholdings (9,858) (11,810)
Proceeds from stock option exercises 2,281 1,451
Net change in deposits 315,736 (138,894)
Net activity on other debt (68,846)  
Net activity on other debt   62,992
Borrowings on revolving credit facility 1,103,691 931,888
Repayments on revolving credit facility (1,102,816) (1,068,522)
Borrowings on term loans 688,990 153,000
Repayments on term loans (32,024) (18,152)
Debt issuance costs (3,443) (2,907)
Net change in securitized debt (1,403) 22,773
Net cash provided by (used for) financing activities 892,308 (68,181)
Effect of exchange rates on cash, cash equivalents and restricted cash (1,647) (14,360)
Net change in cash, cash equivalents and restricted cash 345,156 (186,592)
Cash, cash equivalents and restricted cash, beginning of period 555,031 522,385
Cash, cash equivalents and restricted cash, end of period 900,187 335,793
Supplemental disclosure of non-cash investing and financing activities    
Capital expenditures incurred but not paid $ 1,063 $ 1,258