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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Operating activities          
Net income $ 147,060     $ 172,107  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation 15,788     15,132  
Stock-based compensation 14,175     12,541  
Provision for losses on accounts receivable 117,746     22,164  
Amortization of deferred financing costs and discounts 1,354     1,205  
Amortization of intangible assets and premium on receivables 48,688     52,313  
Deferred income taxes (7,322)     (2,696)  
Investment loss 2,371     15,660  
Other non-cash operating income (38)     (1,574)  
Changes in operating assets and liabilities (net of acquisitions/dispositions):          
Accounts and other receivables 156,052     (302,395)  
Prepaid expenses and other current assets (45,149)     644  
Other assets (3,046)     (14,517)  
Accounts payable, accrued expenses and customer deposits (27,646)     326,910  
Net cash provided by operating activities 420,033     297,494  
Investing activities          
Acquisitions, net of cash acquired (467)     0  
Purchases of property and equipment (18,257) $ (26,490) $ (17,470) (14,506) $ (25,075)
Net cash used in investing activities (18,724)     (14,506)  
Financing activities          
Proceeds from issuance of common stock 73,274     29,795  
Repurchase of common stock (530,237)     (3,322)  
(Payments) borrowings on securitization facility, net (151,973)        
(Payments) borrowings on securitization facility, net       56,000  
Deferred financing costs paid and debt discount 0     (284)  
Principal payments on notes payable (51,722)     (32,438)  
Borrowings from revolver 573,500     0  
Payments on revolver (204,460)     (353,638)  
(Payments) borrowings on swing line of credit, net (22,741)        
(Payments) borrowings on swing line of credit, net       31,032  
Other (92)     (63)  
Net cash used in financing activities (314,451)     (272,918)  
Effect of foreign currency exchange rates on cash (209,859)     (2,392)  
Net (decrease) increase in cash and cash equivalents and restricted cash (123,001)     7,678  
Cash and cash equivalents and restricted cash, beginning of period 1,675,237   $ 1,372,571 1,364,893  
Cash and cash equivalents and restricted cash, end of period 1,552,236 $ 1,675,237   1,372,571 $ 1,364,893
Supplemental cash flow information          
Cash paid for interest 40,394     46,904  
Cash paid for income taxes $ 32,939     $ 17,894