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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income (loss) $ (29) $ 57
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 99 97 [1]
Deferred income taxes (4) 22
Impairment 3 0
Amortization of deferred financing costs and debt discount 5 7
Loss on the early extinguishment of debt 5 7
Equity in (earnings) losses of unconsolidated entities (8) 2
Stock-based compensation 15 21
Mark-to-market adjustments on derivatives 38 (13)
Other adjustments to net (loss) income (3) 1
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:    
Trade receivables (38) (44)
Relocation receivables (59) (114)
Other assets (9) (18)
Accounts payable, accrued expenses and other liabilities 41 (13)
Dividends received from unconsolidated entities 1 1
Other, net (1) (4)
Net cash provided by operating activities 56 9
Investing Activities    
Property and equipment additions (54) (49)
Payments to Acquire Businesses, Net of Cash Acquired 1 1
Investment in unconsolidated entities (10) (15)
Proceeds from investments in unconsolidated entities 0 19
Other, net 3 1
Net cash used in investing activities (62) (45)
Financing Activities    
Net change in Revolving Credit Facility 60 242
Payments for refinancing of Term Loan B 0 (4)
Proceeds from refinancing of Term Loan A & A-1 0 17
Proceeds from issuance of Senior Notes 550 0
Redemption of Senior Notes 450 0
Amortization payments on term loan facilities (15) (10)
Net change in securitization obligations (27) 67
Debt issuance costs (9) (16)
Cash paid for fees associated with early extinguishment of debt (4) 0
Repurchase of common stock (20) (200)
Dividends paid on common stock (21) (23)
Taxes paid related to net share settlement for stock-based compensation (6) (10)
Payments of contingent consideration related to acquisitions (2) (4)
Other, net (10) (17)
Net cash provided by financing activities 46 42
Effect of changes in exchange rates on cash, cash equivalents and restricted cash 0 (1)
Net increase in cash, cash equivalents and restricted cash 40 5
Cash, cash equivalents and restricted cash, beginning of period 238 234
Cash, cash equivalents and restricted cash, end of period 278 239
Supplemental Disclosure of Cash Flow Information    
Interest payments (including securitization interest of $4 for both periods presented) 99 87
Income tax payments, net 6 8
Securitization Interest $ 4 $ 4
[1]
(a)
Includes the elimination of transactions between segments.