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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 26, 2017
Mar. 27, 2016
Cash flows from operating activities:    
Net cash provided by operating activities $ 159,939 $ 41,131
Cash flows from investing activities:    
Capital expenditures (23,967) (39,011)
Origination of finance receivables (844,692) (815,697)
Collections on finance receivables 781,154 771,910
Other 52 95
Net cash used by investing activities (87,453) (82,703)
Cash flows from financing activities:    
Proceeds from issuance of medium-term notes 497,406 1,193,396
Repayments of medium-term notes (400,000) (450,000)
Repayments of securitization debt (111,359) (173,363)
Borrowings of asset-backed commercial paper 305,209 5,814
Repayments from Issuance of Asset-Backed Commercial Paper 29,383 15,740
Net decrease in credit facilities and unsecured commercial paper (101,702) (331,090)
Net change in restricted cash (23,132) (4,282)
Dividends paid (64,611) (64,457)
Purchase of common stock for treasury (79,753) (150,369)
Excess tax benefits from share-based payments 0 110
Issuance of common stock under employee stock option plans 7,336 276
Net cash provided by financing activities 11 10,295
Effect of exchange rate changes on cash and cash equivalents 7,219 3,081
Net increase (decrease) in cash and cash equivalents 79,716 (28,196)
Cash and cash equivalents:    
Cash and cash equivalents—beginning of period 759,984 722,209
Net increase in cash and cash equivalents 79,716 (28,196)
Cash and cash equivalents—end of period $ 839,700 $ 694,013