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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net cash provided by operating activities $ (8,582) $ 32,671
Cash flows from investing activities:    
Capital expenditures (32,928) (35,255)
Origination of finance receivables (780,061) (851,372)
Collections on finance receivables 841,261 815,824
Acquisition of business 0 (7,000)
Other investing activities 16 603
Net cash provided (used) by investing activities 28,288 (77,200)
Cash flows from financing activities:    
Proceeds from issuance of medium-term notes 0 546,655
Repayments of medium-term notes (600,000) (750,000)
Proceeds from securitization debt 522,694 0
Repayments of securitization debt (130,918) (76,505)
Borrowings of asset-backed commercial paper 225,187 0
Repayments of asset-backed commercial paper (67,809) (72,401)
Net increase in unsecured commercial paper 772,208 58,527
Dividends paid (58,817) (60,859)
Repurchase of common stock (7,071) (61,712)
Issuance of common stock under share-based plans 34 616
Net cash provided (used) by financing activities 655,508 (415,679)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (5,732) (409)
Net increase (decrease) in cash, cash equivalents and restricted cash 669,482 (460,617)
Cash, cash equivalents and restricted cash, beginning of period 905,366 1,259,748
Net increase (decrease) in cash, cash equivalents and restricted cash 669,482 (460,617)
Cash, cash equivalents and restricted cash, end of period 1,574,848 799,131
Reconciliation of cash, cash equivalents and restricted cash on the Consolidated balance sheets to the Consolidated statements of cash flows:    
Cash and cash equivalents 1,465,061 749,600
Restricted cash 99,903 43,471
Restricted cash included in Other long-term assets $ 9,884 $ 6,060