XML 22 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES:      
Net Earnings $ 292,536 $ 139,283 $ 135,709
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities:      
Depreciation of Lease Merchandise 1,448,631 1,304,295 1,212,644
Other Depreciation and Amortization 82,572 82,378 80,203
Accounts Receivable Provision 203,389 167,923 163,111
Provision for Credit Losses on Loans Receivable 20,973 11,251 937
Stock-Based Compensation 27,400 21,470 14,163
Deferred Income Taxes (59,201) (35,162) 38,970
Other Changes, Net (3,964) (2,751) (4,467)
Changes in Operating Assets and Liabilities, Net of Effects of Acquisitions and Dispositions:      
Additions to Lease Merchandise (1,976,012) (1,615,064) (1,775,479)
Book Value of Lease Merchandise Sold or Disposed 415,607 433,464 510,657
Accounts Receivable (208,947) (149,826) (173,159)
Prepaid Expenses and Other Assets 2,711 1,229 (35,649)
Income Tax Receivable (88,139) 167,290 (54,351)
Accounts Payable and Accrued Expenses (2,736) (49,186) 69,218
Accrued Litigation Expense 1,314 (4,737) (22,463)
Customer Deposits and Advance Payments 3,001 (4,621) 7,508
Cash Provided by Operating Activities 159,135 467,236 167,552
INVESTING ACTIVITIES:      
Investments in Loans Receivable (77,951) (72,897) (11,700)
Proceeds from Loans Receivable 59,641 64,739 15,211
Proceeds from Investments 2,658 0 0
Outflows on Purchases of Property, Plant & Equipment (57,973) (57,453) (60,557)
Proceeds from Property, Plant, and Equipment 12,705 19,393 7,515
Outflows on Acquisitions of Businesses, Net of Cash Acquired (145,558) (9,762) (73,295)
Proceeds from Dispositions of Businesses, Net of Cash Disposed 1,141 35,899 13,976
Cash Used in Investing Activities (205,337) (20,081) (108,850)
FINANCING ACTIVITIES:      
Proceeds from Debt 27,875 98,928 290,090
Repayments on Debt (162,910) (208,607) (330,747)
Acquisition of Treasury Stock (62,550) (34,525) 0
Dividends Paid (7,962) (7,420) (6,822)
Issuance of Stock Under Stock Option Plans 3,457 550 1,038
Shares Withheld for Tax Payments (6,177) (2,457) (443)
Debt Issuance Costs (3,130) (132) (425)
Cash Used in Financing Activities (211,397) (153,663) (47,309)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 75 127 0
(Decrease) Increase in Cash and Cash Equivalents (257,524) 293,619 11,393
Cash and Cash Equivalents at Beginning of Year 308,561 14,942 3,549
Cash and Cash Equivalents at End of Year 51,037 308,561 14,942
Net Cash Paid (Received) During the Year:      
Interest 20,492 22,511 23,405
Income Taxes $ 98,296 $ (54,258) $ 91,720