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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash Flows From Operating Activities:    
Net income $ 71.5us-gaap_NetIncomeLoss $ 49.8us-gaap_NetIncomeLoss
Adjustments to reconcile cash provided by operating activities:    
Provision for credit losses 6.2us-gaap_ProvisionForLoanAndLeaseLosses 4.7us-gaap_ProvisionForLoanAndLeaseLosses
Depreciation 1.5us-gaap_Depreciation 1.3us-gaap_Depreciation
Amortization 2.2us-gaap_AmortizationOfFinancingCostsAndDiscounts 1.7us-gaap_AmortizationOfFinancingCostsAndDiscounts
Loss on retirement of property and equipment 0.1us-gaap_GainLossOnSaleOfPropertyPlantEquipment 0us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Provision for deferred income taxes 7.0us-gaap_DeferredIncomeTaxExpenseBenefit 27.7us-gaap_DeferredIncomeTaxExpenseBenefit
Loss on extinguishment of debt 0us-gaap_GainsLossesOnExtinguishmentOfDebt 21.8us-gaap_GainsLossesOnExtinguishmentOfDebt
Stock-based compensation 4.1us-gaap_ShareBasedCompensation 4.4us-gaap_ShareBasedCompensation
Change in operating assets and liabilities:    
Increase (decrease) in accounts payable and accrued liabilities 7.9us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (2.4)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Decrease (increase) in income taxes receivable 0.4us-gaap_IncreaseDecreaseInIncomeTaxesReceivable (0.9)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
Increase (decrease) in income taxes payable 13.0us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (15.7)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Decrease in other assets 3.5us-gaap_IncreaseDecreaseInOtherOperatingAssets 1.1us-gaap_IncreaseDecreaseInOtherOperatingAssets
Net cash provided by operating activities 117.4us-gaap_NetCashProvidedByUsedInOperatingActivities 93.5us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows From Investing Activities:    
Increase in restricted cash and cash equivalents (41.3)us-gaap_IncreaseDecreaseInRestrictedCash (35.3)us-gaap_IncreaseDecreaseInRestrictedCash
Purchases of restricted securities available for sale (11.6)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (15.2)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Proceeds from sale of restricted securities available for sale 11.5us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities 2.1us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
Maturities of restricted securities available for sale 0.5us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 14.5us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Principal collected on Loans receivable 454.5us-gaap_ProceedsFromCollectionOfLoansReceivable 408.2us-gaap_ProceedsFromCollectionOfLoansReceivable
Advances to Dealers (533.5)cacc_AdvancesToDealers (421.3)cacc_AdvancesToDealers
Purchases of Consumer Loans (92.6)us-gaap_PaymentsToAcquireLoansReceivable (51.1)us-gaap_PaymentsToAcquireLoansReceivable
Accelerated payments of Dealer Holdback (13.8)cacc_AcceleratedPaymentsOfDealerHoldback (11.2)cacc_AcceleratedPaymentsOfDealerHoldback
Payments of Dealer Holdback (41.1)cacc_PaymentsOfDealerHoldback (34.5)cacc_PaymentsOfDealerHoldback
Purchases of property and equipment (1.3)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2.1)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (268.7)us-gaap_NetCashProvidedByUsedInInvestingActivities (145.9)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows From Financing Activities:    
Borrowings under revolving secured line of credit 988.4us-gaap_ProceedsFromLongTermLinesOfCredit 525.1us-gaap_ProceedsFromLongTermLinesOfCredit
Repayments under revolving secured line of credit (1,107.9)us-gaap_RepaymentsOfLongTermLinesOfCredit (512.0)us-gaap_RepaymentsOfLongTermLinesOfCredit
Proceeds from secured financing 535.4us-gaap_ProceedsFromIssuanceOfSecuredDebt 360.6us-gaap_ProceedsFromIssuanceOfSecuredDebt
Repayments of secured financing (433.1)us-gaap_RepaymentsOfSecuredDebt (157.6)us-gaap_RepaymentsOfSecuredDebt
Proceeds from issuance of senior notes 248.2us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt 300.0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt
Repayment of senior notes 0us-gaap_RepaymentsOfSeniorDebt (350.0)us-gaap_RepaymentsOfSeniorDebt
Payments of debt issuance and debt extinguishment costs (6.2)us-gaap_PaymentsOfDebtIssuanceCosts (22.8)us-gaap_PaymentsOfDebtIssuanceCosts
Repurchase of common stock (1.1)us-gaap_PaymentsForRepurchaseOfCommonStock (103.6)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from stock options exercised 0us-gaap_ProceedsFromStockOptionsExercised 0.6us-gaap_ProceedsFromStockOptionsExercised
Tax benefits from stock-based compensation plans 0.3us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 13.6us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Proceeds from (Payments for) Other Financing Activities 7.6us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (0.1)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by financing activities 231.6us-gaap_NetCashProvidedByUsedInFinancingActivities 53.8us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase in cash and cash equivalents 80.3us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1.4us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 6.4us-gaap_CashAndCashEquivalentsAtCarryingValue  
Cash and cash equivalents, end of period 86.7us-gaap_CashAndCashEquivalentsAtCarryingValue 5.6us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for interest 17.3us-gaap_InterestPaidNet 23.8us-gaap_InterestPaidNet
Cash paid during the period for income taxes $ 20.2us-gaap_IncomeTaxesPaidNet $ 5.5us-gaap_IncomeTaxesPaidNet