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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating Activities    
Net income $ 161 $ 178
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 146 149 [1]
Deferred income taxes 59 129
Amortization of deferred financing costs and discount 11 12
Loss on the early extinguishment of debt 7 5
Equity in (earnings) losses of unconsolidated entities 3 (7)
Stock-based compensation 31 38
Mark-to-market adjustments on derivatives (20) 6
Other adjustments to net income (1) (2)
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:    
Trade receivables (26) (13)
Relocation receivables (112) (30)
Other assets (15) (33)
Accounts payable, accrued expenses and other liabilities (18) 0
Dividends received from unconsolidated entities 3 24
Other, net (5) (11)
Net cash provided by operating activities 224 445
Investing Activities    
Property and equipment additions (73) (69)
Payments for acquisitions, net of cash acquired (1) (13)
Investment in unconsolidated entities (15) (34)
Proceeds from investments in unconsolidated entities 19 0
Other, net 10 17
Net cash used in investing activities (60) (99)
Financing Activities    
Net change in revolving credit facility 180 (10)
Payments for refinancing of Term Loan B (4) 0
Proceeds from refinancing of Term Loan A & A-1 17 0
Amortization payments on term loan facilities (17) (31)
Net change in securitization obligations 70 29
Debt issuance costs (16) (6)
Cash paid for fees associated with early extinguishment of debt 0 (1)
Repurchase of common stock (302) (180)
Dividends paid on common stock (34) (37)
Proceeds from exercise of stock options 0 7
Taxes paid related to net share settlement for stock-based compensation (10) (11)
Payments of contingent consideration related to acquisitions (21) (18)
Other, net (23) (19)
Net cash used in financing activities (160) (277)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash (1) 2
Net increase in cash, cash equivalents and restricted cash 3 71
Cash, cash equivalents and restricted cash, beginning of period 234 281
Cash, cash equivalents and restricted cash, end of period 237 352
Supplemental Disclosure of Cash Flow Information    
Interest payments (including securitization interest of $6 and $5 for the periods presented) 118 111
Income tax payments, net 10 10
Securitization Interest $ 6 $ 5
[1] Includes the elimination of transactions between segments.