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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities:    
Net income $ 490.7 $ 12.6
Adjustments to reconcile cash provided by operating activities:    
Provision for credit losses (9.2) 494.1
Depreciation 4.8 4.0
Amortization 8.1 7.3
Provision (benefit) for deferred income taxes 11.0 (30.6)
Stock-based compensation (9.8) 3.2
Loss on extinguishment of debt 0.0 7.4
Other (0.2) (0.4)
Change in operating assets and liabilities:    
Increase (decrease) in accounts payable and accrued liabilities 40.4 (24.7)
Decrease in income taxes receivable 129.1 29.9
Decrease in other assets 3.6 3.5
Net cash provided by operating activities 668.5 506.3
Cash Flows From Investing Activities:    
Purchases of restricted securities available for sale (25.2) (29.5)
Proceeds from sale of restricted securities available for sale 6.1 13.0
Maturities of restricted securities available for sale 14.8 9.5
Principal collected on Loans receivable 1,966.5 1,599.0
Advances to Dealers (1,158.7) (1,232.1)
Purchases of Consumer Loans (672.8) (828.3)
Accelerated payments of Dealer Holdback (26.6) (22.9)
Payments of Dealer Holdback (79.4) (74.4)
Purchases of property and equipment (3.1) (6.3)
Net cash provided by (used in) in investing activities 21.6 (572.0)
Cash Flows From Financing Activities:    
Borrowings under revolving secured line of credit 994.2 2,884.7
Repayments under revolving secured line of credit (1,090.1) (2,724.2)
Proceeds from secured financing 1,379.8 1,368.5
Repayments of secured financing (1,108.0) (871.6)
Repayment of senior notes 0.0 401.8
Payments of debt issuance costs and debt extinguishment costs (11.2) (8.9)
Repurchase of common stock (389.7) (307.1)
Other (0.4) (0.4)
Net cash used in financing activities (225.4) (60.8)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents 464.7 (126.5)
Cash and cash equivalents and restricted cash and cash equivalents beginning of period 396.2 517.7
Cash and cash equivalents and restricted cash and cash equivalents end of period 860.9 391.2
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for interest 78.3 102.3
Cash paid during the period for income taxes $ 67.9 $ 0.8