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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net income (loss) $ (168.4) $ 204.1
Net income from discontinued operations 0.0 (217.4)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 76.2 76.2
Provision for credit losses 42.0 9.7
Deferred income taxes (26.8) (4.3)
Amortization of debt issuance costs 6.6 8.5
Stock-based compensation 13.1 22.6
Contingent consideration adjustment 1.3 0.0
Net change in unrealized (gain) loss on investment securities 0.4 6.5
Investment and note receivable impairment 11.0 0.0
Goodwill and other intangibles impairment 250.8 0.0
Loss on extinguishment of debt 1.1 17.0
Other non-cash, net 0.8 0.3
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables and other assets (94.0) (24.1)
Accounts payable and accrued expenses 104.7 (149.1)
Payments of contingent consideration in excess of acquisition-date fair value (2.6) (26.1)
Net cash provided by (used by) operating activities - continuing operations 216.2 (76.1)
Net cash used by operating activities - discontinued operations (0.1) (388.5)
Investing activities    
Net (increase) decrease in finance receivables held for investment 1.3 (34.9)
Acquisition of businesses (net of cash acquired) 0.0 (0.4)
Purchases of property, equipment and computer software (39.8) (45.8)
Investments in securities (1.0) (6.6)
Proceeds from sale of investments 0.0 0.3
Proceeds from the sale of property and equipment 0.3 0.0
Net cash used by investing activities - continuing operations (39.2) (87.4)
Net cash provided by investing activities - discontinued operations 7.0 2,070.4
Financing activities    
Net decrease in book overdrafts (3.5) (5.8)
Net borrowings from (repayments of) lines of credit (106.4) 126.8
Net increase in obligations collateralized by finance receivables 13.2 36.6
Payments for debt issuance costs/amendments (5.4) (11.6)
Payments on long-term debt 0.0 (928.6)
Payment for early extinguishment of debt (140.1) (606.1)
Payments on finance leases (1.6) (3.1)
Payments for Contingent Consideration and deferred Acquisition Costs - financing activities (12.4) (3.5)
Issuance of common stock under stock plans 2.1 1.1
Tax withholding payments for vested RSUs (2.5) (2.5)
Repurchase and retirement of common stock (22.2) (132.2)
Dividends paid on Series A Preferred Stock (33.3) (11.1)
Net cash used by financing activities - continuing operations (312.1) (1,540.0)
Net cash provided by financing activities - discontinued operations 0.0 10.8
Net change in cash balances of discontinued operations 0.0 12.4
Effect of exchange rate changes on cash 2.6 (27.4)
Net decrease in cash, cash equivalents and restricted cash (125.6) (25.8)
Cash, cash equivalents and restricted cash at beginning of period 277.7 203.4
Cash paid for interest, net of proceeds from interest rate derivatives 106.5 71.0
Cash paid for taxes, net of refunds 28.3 325.2
Cash, cash equivalents and restricted cash at end of period $ 152.1 $ 177.6