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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities:    
Net income $ 34,055 $ 57,440
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations, net of income taxes 199 3,182
Depreciation and amortization 17,297 18,096
Other non-cash expense, net 21,309 19,242
Stock-based compensation expense 3,510 8,869
Gain on derivative instruments, net (2,623) (7,531)
Deferred income taxes (3,164) (25,002)
Reversal of allowances on receivable portfolios, net (10,961) (4,670)
Changes in operating assets and liabilities    
Deferred court costs and other assets (5,951) (666)
Prepaid income tax and income taxes payable 20,389 5,260
Accounts payable, accrued liabilities and other liabilities (2,770) (27,236)
Net cash provided by operating activities from continuing operations 71,290 46,984
Net cash provided by operating activities from discontinued operations 0 2,096
Net cash provided by operating activities 71,290 49,080
Investing activities:    
Cash paid for acquisitions, net of cash acquired (5,623) (675)
Proceeds from divestiture of business, net of cash divested 0 106,041
Purchases of receivable portfolios, net of put-backs (464,507) (517,665)
Collections applied to investment in receivable portfolios, net 371,285 351,219
Purchases of property and equipment (11,984) (10,094)
Payments to acquire interest in affiliates (8,805) 0
Other, net (4,559) (3,502)
Net cash used in investing activities from continuing operations (115,075) (67,672)
Net cash provided by investing activities from discontinued operations 0 14,685
Net cash used in investing activities (115,075) (52,987)
Financing activities:    
Payment of loan costs (3,415) (2,934)
Proceeds from credit facilities 331,020 288,750
Repayment of credit facilities (373,345) (307,946)
Repayment of senior secured notes (6,174) (11,256)
Proceeds from issuance of convertible senior notes 150,000 0
Repayment of convertible senior notes 60,406 0
Proceeds from convertible hedge instruments 5,580 0
Taxes paid related to net share settlement of equity awards (2,457) (4,068)
Proceeds from other debt 0 34,946
Other, net (4,954) (8,714)
Net cash provided by (used in) financing activities 35,849 (11,222)
Net decrease in cash and cash equivalents (7,936) (15,129)
Effect of exchange rate changes on cash and cash equivalents 4,818 545
Cash and cash equivalents, beginning of period 149,765 153,593
Cash and cash equivalents, end of period $ 146,647 $ 139,009