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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net income $ 47,384 $ 98,278 $ 73,740
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 33,945 27,949 13,547
Goodwill impairment 49,277 0 0
Non-cash interest expense 37,745 29,380 18,136
Stock-based compensation expense 22,008 17,181 12,649
Recognized loss on termination of derivative contract 0 0 3,630
Deferred income taxes (32,369) (48,078) (28,188)
Excess tax benefit from stock-based payment arrangements (1,724) (11,928) (5,609)
Reversal of allowances on receivable portfolios, net (6,763) (17,407) (12,193)
Changes in operating assets and liabilities      
Deferred court costs and other assets (41,835) (15,532) (11,697)
Prepaid income tax and income taxes payable (34,887) 22,180 (468)
Accounts payable, accrued liabilities and other liabilities 41,644 9,521 11,228
Net cash provided by operating activities 114,425 111,544 74,775
Investing activities:      
Cash paid for acquisitions, net of cash acquired (276,575) (495,838) (449,024)
Purchases of receivable portfolios, net of put-backs (749,760) (862,997) (249,562)
Collections applied to investment in receivable portfolios, net 635,899 633,960 546,366
Originations and purchases of receivables secured by tax liens (219,722) (124,533) (116,960)
Collections applied to receivables secured by tax liens 164,052 122,638 70,573
Purchases of property and equipment (28,647) (23,238) (13,423)
Other, net 2,044 (5,189) (5,210)
Net cash used in investing activities (472,709) (755,197) (217,240)
Financing activities:      
Payment of loan costs (17,995) (20,101) (17,207)
Proceeds from credit facilities 1,073,941 1,343,417 659,940
Repayment of credit facilities (891,804) (1,184,244) (630,163)
Proceeds from senior secured notes 332,693 288,645 151,670
Repayment of senior secured notes (15,000) (15,000) (13,750)
Proceeds from issuance of convertible senior notes 0 161,000 172,500
Proceeds from issuance of securitized notes 0 134,000 0
Repayment of securitized notes (44,251) (29,753) 0
Repayment of preferred equity certificates, net 0 (693) (39,743)
Purchases of convertible hedge instruments 0 (33,576) (32,008)
Repurchase of common stock (33,185) (16,815) (729)
Taxes paid related to net share settlement of equity awards (6,289) (20,324) (9,591)
Excess tax benefit from stock-based payment arrangements 1,724 11,928 5,609
Other, net 2,011 7,839 (548)
Net cash provided by financing activities 401,845 626,323 245,980
Net increase (decrease) in cash and cash equivalents 43,561 (17,330) 103,515
Effect of exchange rate changes on cash and cash equivalents (14,131) 15,280 5,188
Cash and cash equivalents, beginning of period 124,163 126,213 17,510
Cash and cash equivalents, end of period 153,593 124,163 126,213
Supplemental disclosures of cash flow information:      
Cash paid for interest 151,946 95,034 50,181
Cash paid for income taxes, net 84,101 69,948 66,759
Supplemental schedule of non-cash investing and financing activities:      
Fixed assets acquired through capital lease $ 2,220 $ 8,341 $ 5,011