XML 51 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net (loss) income $ (10,579) $ 49,442
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,285 9,995
Other non-cash interest expense, net 5,909 6,629
Stock-based compensation expense 4,527 1,826
Deferred income taxes (12,030) 19,682
Changes in expected current and future recoveries 98,661 0
Allowance reversals on receivable portfolios, net 0 (1,367)
Other, net 2,161 4,081
Changes in operating assets and liabilities    
Deferred court costs and other assets 3,377 18,725
Prepaid income tax and income taxes payable 14,970 (30,247)
Accounts payable, accrued liabilities and other liabilities (46,476) (67,775)
Net cash provided by operating activities 70,805 10,991
Investing activities:    
Purchases of receivable portfolios, net of put-backs (209,045) (258,635)
Collections applied to investment in receivable portfolios, net 169,914 202,695
Purchases of property and equipment (7,538) (10,227)
Other, net 3,414 (3,347)
Net cash used in investing activities (43,255) (69,514)
Financing activities:    
Proceeds from credit facilities 171,880 196,263
Repayment of credit facilities (167,221) (119,854)
Repayment of senior secured notes (16,250) 0
Other, net (10,171) (4,862)
Net cash (used in) provided by financing activities (21,762) 71,547
Net increase in cash and cash equivalents 5,788 13,024
Effect of exchange rate changes on cash and cash equivalents (9,924) (3,346)
Cash and cash equivalents, beginning of period 192,335 157,418
Cash and cash equivalents, end of period 188,199 167,096
Supplemental disclosure of cash information:    
Cash paid for interest 60,495 62,135
Cash paid for taxes, net of refunds $ 766 $ 15,003