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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 44,800 $ 137,087 $ 133,793
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 36,470 29,046 19,056
Amortization of intangible assets 41,135 37,680 28,176
Loss on sale of HLSS equity securities, net of dividends received 1,854 0 0
Change in the fair value of acquisition related contingent consideration (7,184) (37,924) 0
Impairment losses 71,785 37,473 0
Share-based compensation expense 4,812 2,236 2,400
Equity in losses of investment in affiliate 0 0 176
Bad debt expense 5,514 16,257 2,549
Gain on early extinguishment of debt (3,836) 0 0
Amortization of debt discount 498 317 223
Amortization of debt issuance costs 1,374 1,151 958
Deferred income taxes (1,326) 1,166 2,015
Loss on disposal of fixed assets 26 184 1,309
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable 2,401 (22,492) (5,602)
Prepaid expenses and other current assets 1,883 (12,501) (2,817)
Other assets 2,993 (1,750) (1,586)
Accounts payable and accrued expenses (14,483) 24,285 7,381
Other current and non-current liabilities 6,636 (14,722) (2,557)
Net cash provided by operating activities 195,352 197,493 185,474
Cash flows from investing activities:      
Additions to premises and equipment (36,188) (64,846) (34,134)
Acquisition of businesses, net of cash acquired (28,675) (34,720) (267,946)
Purchase of HLSS equity securities (29,966) 0 0
Proceeds received from sale of and dividends from HLSS equity securities 28,112 0 0
Proceeds from loan to Ocwen 0 0 75,000
Proceeds from sale of equity affiliate 0 0 12,648
Change in restricted cash 722 (1,402) (1,462)
Other investing activities 0 (300) (50)
Net cash used in investing activities (65,995) (101,268) (215,944)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 0 198,000 200,502
Repurchases and repayment of long-term debt and payments on capital lease obligations (50,373) (4,959) (3,729)
Debt issuance costs 0 (2,608) (3,200)
Proceeds from stock option exercises 1,390 2,688 6,885
Purchase of treasury stock (58,949) (255,713) (141,018)
Contributions from non-controlling interests 0 0 28
Distributions to non-controlling interests (2,959) (2,596) (4,176)
Other financing activities (500) 0 0
Net cash (used in) provided by financing activities (111,391) (65,188) 55,292
Net increase in cash and cash equivalents 17,966 31,037 24,822
Cash and cash equivalents at the beginning of the period 161,361 130,324 105,502
Cash and cash equivalents at the end of the period 179,327 161,361 130,324
Supplemental cash flow information:      
Interest paid 26,274 21,829 19,325
Income taxes paid, net 9,725 13,340 3,671
Non-cash investing and financing activities:      
Acquisition of businesses with restricted shares 21,733 0 0
(Decrease) increase in payables for purchases of premises and equipment (6,679) (2,328) 4,552
Decrease in acquisition of businesses from subsequent working capital true-ups $ 0 $ (3,711) $ (2,039)