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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income $ 45,788 $ 70,321
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,669 19,879
Non-cash interest expense, net 27,455 20,989
Stock-based compensation expense 17,259 13,560
Deferred income taxes (257) (11,863)
Excess tax benefit from stock-based payment arrangements (1,705) (11,422)
Reversal of allowances on receivable portfolios, net (3,958) (12,455)
Changes in operating assets and liabilities    
Deferred court costs and other assets (41,354) (16,498)
Prepaid income tax and income taxes payable (45,776) 2,402
Accounts payable, accrued liabilities and other liabilities 41,260 23,850
Net cash provided by operating activities 63,381 98,763
Investing activities:    
Cash paid for acquisitions, net of cash acquired (236,214) (495,519)
Purchases of receivable portfolios, net of put-backs (549,957) (666,470)
Collections applied to investment in receivable portfolios, net 488,174 488,086
Originations and purchases of receivables secured by tax liens (167,739) (108,739)
Collections applied to receivables secured by tax liens 123,407 93,986
Purchases of property and equipment (15,754) (13,598)
Other, net 3,178 (1,987)
Net cash used in investing activities (354,905) (704,241)
Financing activities:    
Payment of loan costs (7,316) (15,271)
Proceeds from credit facilities 903,319 993,449
Repayment of credit facilities (466,745) (878,883)
Proceeds from senior secured notes 0 288,645
Repayment of senior secured notes (11,250) (11,250)
Proceeds from issuance of convertible senior notes 0 161,000
Proceeds from issuance of securitized notes 0 134,000
Repayment of securitized notes (32,324) (20,599)
Repayment of preferred equity certificates, net 0 702
Purchases of convertible hedge instruments 0 (33,576)
Repurchase of common stock (33,185) (16,815)
Taxes paid related to net share settlement of equity awards (6,050) (19,356)
Excess tax benefit from stock-based payment arrangements 1,705 11,422
Other, net (2,299) 987
Net cash provided by financing activities 345,855 593,051
Net increase in cash and cash equivalents 54,331 (12,427)
Effect of exchange rate changes on cash and cash equivalents (3,274) 1,654
Cash and cash equivalents, beginning of period 124,163 126,213
Cash and cash equivalents, end of period 175,220 115,440
Supplemental disclosures of cash flow information:    
Cash paid for interest 114,731 120,125
Cash paid for income taxes, net 72,306 54,452
Supplemental schedule of non-cash investing and financing activities:    
Fixed assets acquired through capital lease $ 1,290 $ 6,852