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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities:    
Net income $ 18,830 $ 19,448
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,117 1,846
Other non-cash interest expense 5,254 1,517
Stock-based compensation expense 4,836 3,001
Deferred income taxes 4,767 207
Excess tax benefit from stock-based payment arrangements (2,629) (983)
Reversal of allowances on receivable portfolios, net (3,230) (1,006)
Changes in operating assets and liabilities    
Deferred court costs and other assets (15,213) (1,671)
Prepaid income tax and income taxes payable 3,123 4,314
Accounts payable, accrued liabilities and other liabilities (24,446) (2,980)
Net cash (used in) provided by operating activities (2,591) 23,693
Investing activities:    
Cash paid for acquisition, net of cash acquired (257,726) 0
Purchases of receivable portfolios, net of put-backs (257,175) (57,893)
Collections applied to investment in receivable portfolios, net 161,927 130,493
Originations and purchases of receivables secured by tax liens (19,123) (27,446)
Collections applied to receivables secured by tax liens 22,085 11,812
Purchases of property and equipment (2,978) (2,315)
Net cash (used in) provided by investing activities (352,990) 54,651
Financing activities:    
Payment of loan costs (14,222) (2,340)
Proceeds from credit facilities 457,266 33,741
Repayment of credit facilities (447,045) (91,800)
Proceeds from senior secured notes 288,645 0
Repayment of senior secured notes (3,750) (2,500)
Proceeds from issuance of convertible senior notes 161,000 0
Proceeds from issuance of preferred equity certificates 18,864 0
Repayment of preferred equity certificates (4,537) 0
Purchases of convertible hedge instruments (33,576) 0
Proceeds from exercise of stock options 1,214 846
Taxes paid related to net share settlement of equity awards (5,244) (2,872)
Excess tax benefit from stock-based payment arrangements 2,629 983
Other, net (391) (2,008)
Net cash provided by financing activities 420,853 (65,950)
Net increase (decrease) in cash and cash equivalents 65,272 12,394
Effect of exchange rate changes on cash 4,904 0
Cash and cash equivalents, beginning of period 126,213 17,510
Cash and cash equivalents, end of period 196,389 29,904
Supplemental disclosures of cash flow information:    
Cash paid for interest 41,130 5,485
Cash paid for income taxes 6,103 7,520
Supplemental schedule of non-cash investing and financing activities:    
Fixed assets acquired through capital lease $ 1,169 $ 674