XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net income $ 36.9 $ 18.5
Net income from discontinued operations 0.0 0.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22.7 24.3
Provision for credit losses 9.3 15.8
Deferred income taxes 2.4 (1.5)
Amortization of debt issuance costs 2.2 2.2
Stock-based compensation 1.7 6.6
Other non-cash, net 0.2 0.1
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables and other assets (109.3) (113.6)
Accounts payable and accrued expenses 156.5 147.8
Net cash provided by operating activities - continuing operations 122.6 100.2
Net cash used by operating activities - discontinued operations 0.0 0.0
Investing activities    
Net increase in finance receivables held for investment (19.8) (26.4)
Purchases of property, equipment and computer software (11.9) (12.9)
Investments in securities (0.6) (0.4)
Proceeds from the sale of property and equipment 0.4 0.0
Net cash used by investing activities - continuing operations (31.9) (39.7)
Net cash provided by investing activities - discontinued operations 0.0 0.0
Financing activities    
Net (decrease) increase in book overdrafts (5.0) 17.0
Net borrowings from (repayments of) lines of credit 1.7 (33.2)
Net decrease in obligations collateralized by finance receivables (2.2) (32.8)
Payments for debt issuance costs/amendments (0.1) (1.9)
Payments on finance leases 0.0 (0.3)
Issuance of common stock under stock plans 2.1 0.4
Tax withholding payments for vested RSUs (4.2) (1.7)
Repurchase and retirement of common stock (0.1) 0.0
Dividends paid on Series A Preferred Stock (11.1) (11.1)
Net cash used by financing activities - continuing operations (18.9) (63.6)
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 1.0 (4.9)
Net increase (decrease) in cash, cash equivalents and restricted cash 72.8 (8.0)
Cash, cash equivalents and restricted cash at beginning of period 183.7 158.9
Cash paid for interest 26.1 36.2
Cash paid for taxes, net of refunds 18.1 15.4
Cash, cash equivalents and restricted cash at end of period 256.5 150.9
Discontinued Operations    
Cash paid for taxes, net of refunds $ (1.5) $ 0.2