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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities:    
Net income $ 70,321 $ 51,524
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,879 8,527
Other non-cash interest expense 20,989 5,411
Stock-based compensation expense 13,560 9,163
Recognized loss on termination of derivative contract 0 3,630
Deferred income taxes (11,863) (217)
Excess tax benefit from stock-based payment arrangements (11,422) (5,238)
Reversal of allowances on receivable portfolios, net (12,455) (7,658)
Changes in operating assets and liabilities    
Deferred court costs and other assets (16,498) 1,897
Prepaid income tax and income taxes payable 2,402 (25,785)
Accounts payable, accrued liabilities and other liabilities 23,850 (1,388)
Net cash provided by operating activities 98,763 39,866
Investing activities:    
Cash paid for acquisitions, net of cash acquired (495,519) (413,055)
Purchases of receivable portfolios, net of put-backs (666,470) (156,438)
Collections applied to investment in receivable portfolios, net 488,086 418,024
Originations and purchases of receivables secured by tax liens (108,739) (100,278)
Collections applied to receivables secured by tax liens 93,986 51,111
Purchases of property and equipment (13,598) (8,178)
Other (1,987) (5,580)
Net cash used in investing activities (704,241) (214,394)
Financing activities:    
Payment of loan costs (15,271) (17,152)
Proceeds from credit facilities 993,449 522,065
Repayment of credit facilities (878,883) (491,462)
Proceeds from senior secured notes 288,645 151,670
Repayment of senior secured notes (11,250) (10,000)
Proceeds from issuance of convertible senior notes 161,000 172,500
Proceeds from issuance of securitized notes 134,000 0
Repayment of securitized notes (20,599) 0
Repayment of preferred equity certificates, net (702) (39,743)
Purchases of convertible hedge instruments (33,576) (18,113)
Repurchase of common stock (16,815) 0
Taxes paid related to net share settlement of equity awards (19,356) (9,270)
Excess tax benefit from stock-based payment arrangements 11,422 5,238
Other, net 987 (1,073)
Net cash provided by financing activities 593,051 264,660
Net (decrease) increase in cash and cash equivalents (12,427) 90,132
Effect of exchange rate changes on cash 1,654 2,514
Cash and cash equivalents, beginning of period 126,213 17,510
Cash and cash equivalents, end of period 115,440 110,156
Supplemental disclosures of cash flow information:    
Cash paid for interest 120,125 48,243
Cash paid for income taxes 54,452 54,499
Supplemental schedule of non-cash investing and financing activities:    
Fixed assets acquired through capital lease $ 6,852 $ 1,189