XML 21 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities:      
Net income $ 574.0 $ 470.2 $ 332.8
Adjustments to reconcile cash provided by operating activities:      
Provision for credit losses 56.9 129.3 90.2
Depreciation 5.4 6.0 6.1
Amortization 14.1 10.4 9.2
Increase (Decrease) in Deferred Income Taxes 49.3 (85.6) 24.2
Stock-based compensation 10.3 15.4 7.4
Other Operating Activities, Cash Flow Statement (0.2) 0.1 0.1
Change in operating assets and liabilities:      
Increase in accounts payable and accrued liabilities 41.6 10.3 11.8
Increase in income taxes receivable (5.7) 0.1 7.7
Increase (decrease) in income taxes payable (37.4) 16.3 23.6
Increase in other assets (4.4) (6.5) (5.9)
Net cash provided by operating activities 703.9 566.0 507.2
Cash Flows From Investing Activities:      
Increase in restricted cash and cash equivalents   0.0 0.0
Purchases of restricted securities available for sale (43.8) (34.5) (39.1)
Proceeds from sale of restricted securities available for sale 19.7 27.8 35.9
Maturities of restricted securities available for sale 11.5 5.6 5.8
Principal collected on Loans receivable 2,576.7 2,189.5 1,955.8
Advances to Dealers (2,414.8) (1,968.3) (1,881.3)
Purchases of Consumer Loans (1,181.0) (904.8) (754.2)
Accelerated payments of Dealer Holdback (52.6) (47.1) (53.6)
Payments of Dealer Holdback (128.9) (131.6) (142.0)
Purchases of property and equipment (25.1) (8.4) (5.5)
Net cash used in investing activities (1,238.3) (871.8) (878.2)
Cash Flows From Financing Activities:      
Borrowings under revolving secured line of credit 2,249.9 3,527.1 1,615.4
Repayments under revolving secured line of credit (2,091.9) (3,513.2) (1,673.1)
Proceeds from secured financing 2,696.6 2,364.5 2,169.3
Repayments of secured financing (2,116.9) (1,907.5) (1,575.8)
Proceeds from mortgage note 12.0 0.0 0.0
Payments of debt issuance costs and debt issuance costs (13.7) (14.6) (9.0)
Repurchase of common stock (129.1) (123.5) (121.7)
Tax benefits from stock-based compensation plans 0.0 0.0 27.2
Other financing activities (7.0) (2.5) 4.3
Net cash provided by financing activities 599.9 330.3 436.6
Net increase in cash and cash equivalents and restricted cash and cash equivalents 65.5 24.5 65.6
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 263.8 239.3 173.7
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 329.3 263.8 239.3
Supplemental Cash Flow Information [Abstract]      
Cash paid during the period for interest 141.0 108.8 88.0
Cash paid during the period for income taxes $ 168.8 $ 175.0 $ 111.2