XML 20 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net income (loss) $ 57.6 $ (168.4)
Net income from discontinued operations 0.0 0.0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 72.2 76.2
Provision for credit losses 42.2 42.0
Deferred income taxes (0.1) (26.8)
Amortization of debt issuance costs 6.9 6.6
Stock-based compensation 13.9 13.1
Contingent consideration adjustment 0.0 1.3
Net change in unrealized loss on investment securities 0.0 0.4
Investment and note receivable impairment 0.0 11.0
Goodwill and other intangibles impairment 0.0 250.8
Loss on Extinguishment of Debt 0.0 1.1
Other non-cash, net (0.3) 0.8
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables and other assets (36.1) (94.0)
Accounts payable and accrued expenses 103.8 104.7
Payments of contingent consideration in excess of acquisition-date fair value 0.0 (2.6)
Net cash provided by operating activities - continuing operations 260.1 216.2
Net cash used by operating activities - discontinued operations (1.4) (0.1)
Investing activities    
Net decrease in finance receivables held for investment 50.4 1.3
Purchases of property, equipment and computer software (39.0) (39.8)
Investments in securities (1.9) (1.0)
Proceeds from the sale of property and equipment 0.9 0.3
Net cash provided by (used by) investing activities - continuing operations 10.4 (39.2)
Net cash provided by investing activities - discontinued operations 0.0 7.0
Financing activities    
Net decrease in book overdrafts (3.6) (3.5)
Net repayments of lines of credit (86.4) (106.4)
Net (decrease) increase in obligations collateralized by finance receivables (93.0) 13.2
Payments for debt issuance costs/amendments (14.7) (5.4)
Payment for early extinguishment of debt 0.0 (140.1)
Payments on finance leases (0.9) (1.6)
Payments of contingent consideration and deferred acquisition costs 0.0 (12.4)
Issuance of common stock under stock plans 1.0 2.1
Tax withholding payments for vested RSUs (3.4) (2.5)
Repurchase and retirement of common stock (30.0) (22.2)
Dividends paid on Series A Preferred Stock (33.3) (33.3)
Net cash used by financing activities - continuing operations (264.3) (312.1)
Net cash provided by financing activities - discontinued operations 0.0 0.0
Net change in cash balances of discontinued operations 0.0 0.0
Effect of exchange rate changes on cash (3.1) 2.6
Net increase (decrease) in cash, cash equivalents and restricted cash 1.7 (125.6)
Cash, cash equivalents and restricted cash at beginning of period 158.9 277.7
Cash paid for interest 105.8 106.5
Cash paid for taxes, net of refunds 34.7 28.3
Cash, cash equivalents and restricted cash at end of period 160.6 152.1
Discontinued Operations    
Cash paid for taxes, net of refunds $ (0.5) $ 0.0