v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES:    
Net (Loss) Earnings $ (211,628) $ 98,728
Adjustments to Reconcile Net (Loss) Earnings to Cash Provided by Operating Activities:    
Depreciation of Lease Merchandise 1,144,958 975,688
Other Depreciation and Amortization 50,154 53,862
Accounts Receivable Provision 158,587 137,611
Provision for Credit Losses on Loans Receivable 16,150 9,223
Stock-Based Compensation 12,487 14,231
Deferred Income Taxes (73,656) 19,928
Impairment of Goodwill and Other Assets 468,634 26,267
Non-Cash Lease Expense 50,638 58,073
Other Changes, Net 5,109 (3,390)
Changes in Operating Assets and Liabilities, Net of Effects of Acquisitions and Dispositions:    
Additions to Lease Merchandise (1,032,977) (1,141,863)
Book Value of Lease Merchandise Sold or Disposed 201,058 196,219
Accounts Receivable (134,467) (126,112)
Prepaid Expenses and Other Assets (4,711) (6,847)
Income Tax Receivable (38,797) 17,227
Operating Lease Liabilities (53,544) (62,541)
Accounts Payable and Accrued Expenses (19,713) (21,465)
Accrued Regulatory Expense (175,000) 0
Customer Deposits and Advance Payments (2,527) (200)
Cash Provided by Operating Activities 360,755 244,639
INVESTING ACTIVITIES:    
Investments in Loans Receivable (39,986) (29,506)
Proceeds from Loans Receivable 32,248 27,720
Outflows on Purchases of Property, Plant and Equipment (33,885) (48,059)
Proceeds from Property, Plant and Equipment 2,220 1,425
Outflows on Acquisitions of Businesses and Customer Agreements, Net of Cash Acquired (1,209) (7,612)
Proceeds from Dispositions of Businesses and Customer Agreements, Net of Cash Disposed 359 755
Cash Used in Investing Activities (40,253) (55,277)
FINANCING ACTIVITIES:    
Repayments on Revolving Facility, Net 0 (16,000)
Proceeds from Debt 5,625 0
Repayments on Debt (60,748) (61,465)
Dividends Paid (5,351) (4,717)
Acquisition of Treasury Stock 0 (14,414)
Issuance of Stock Under Stock Option Plans 2,250 5,056
Shares Withheld for Tax Payments (5,877) (12,977)
Debt Issuance Costs (1,020) 0
Cash Used in Financing Activities (65,121) (104,517)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (79) 119
Increase in Cash and Cash Equivalents 255,302 84,964
Cash and Cash Equivalents at Beginning of Period 57,755 15,278
Cash and Cash Equivalents at End of Period $ 313,057 $ 100,242