| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | |||||||||||
OPERATING ACTIVITIES: | |||||||||||
Net Income (Loss) Attributable to Parent | |||||||||||
31,472 | 196,210 | 292,536 | 139,283 | 135,709 | 78,233 | 120,666 | 173,043 | 113,767 | 118,376 | 112,878 | 85,769 |
Adjustments to Reconcile Net (Loss) Earnings to Cash Provided by Operating Activities: | |||||||||||
Depreciation of Lease Merchandise | |||||||||||
1,972,358 | 1,727,904 | 1,448,631 | 1,304,295 | 1,212,644 | 932,634 | 628,089 | 601,552 | 547,839 | 504,105 | 474,958 | 429,907 |
Other Depreciation and Amortization | |||||||||||
105,061 | 94,150 | 82,572 | 82,378 | 80,203 | 85,600 | 57,016 | 56,783 | 52,832 | 45,427 | 44,413 | 41,486 |
Accounts Receivable Provision | |||||||||||
322,963 | 268,088 | 203,389 | 167,923 | 163,111 | 99,283 | 35,894 | 31,842 | 25,402 | 23,988 | 20,469 | - |
Provision for Credit Losses on Loans Receivable | |||||||||||
21,667 | 21,063 | 20,973 | 11,251 | 937 | 0 | 0 | - | - | - | - | - |
Fee Amortization on Loans Receivable | |||||||||||
- | - | - | - | - | - | 0 | - | - | - | - | - |
Stock-Based Compensation | |||||||||||
26,548 | 28,182 | 27,400 | 21,470 | 14,163 | 10,863 | 2,342 | 6,454 | 8,385 | 4,759 | 3,696 | 1,421 |
Loss (Gain) on Sale of Property, Plant, and Equipment and Assets Held for Sale | |||||||||||
- | - | - | - | - | - | - | - | -1,172 | -2,441 | -1,136 | 1,725 |
Gain on Asset Dispositions | |||||||||||
- | - | - | - | - | - | - | - | 3,045 | 1,917 | - | 8,490 |
Deferred Income Taxes | |||||||||||
-49,967 | -48,359 | 59,201 | 35,162 | -38,970 | 7,157 | 36,763 | 23,241 | -59,449 | -63,843 | -15,032 | -66,345 |
Impairment of Goodwill and Other Assets | |||||||||||
30,344 | 20,098 | 1,968 | 0 | - | - | - | - | - | - | - | - |
Non-Cash Lease Expense | |||||||||||
114,934 | - | - | - | - | - | - | - | - | - | - | - |
Excess Tax Benefits From Stock-Based Compensation | |||||||||||
- | - | - | - | - | - | - | - | 1,264 | 321 | 3,909 | 1,767 |
Other Changes, Net | |||||||||||
9,886 | 2,198 | 5,932 | 2,751 | 4,467 | -2,214 | -3,996 | -1,201 | 1,693 | -270 | -4,441 | -1,078 |
Changes in Operating Assets and Liabilities, Net of Effects of Acquisitions and Dispositions: | |||||||||||
Additions to Lease Merchandise | |||||||||||
2,484,755 | 2,234,646 | 1,976,012 | 1,615,064 | 1,775,479 | 1,465,501 | 964,072 | 1,162,703 | 1,024,602 | 1,034,474 | 847,094 | 865,881 |
Book Value of Lease Merchandise Sold or Disposed | |||||||||||
401,960 | 398,748 | 415,607 | 433,464 | 510,657 | 456,713 | 425,673 | 469,897 | 433,433 | 400,304 | 363,975 | 330,032 |
Accounts Receivable | |||||||||||
331,636 | 270,888 | 208,947 | 149,826 | 173,159 | 110,269 | 30,419 | 18,528 | 43,211 | 27,555 | 27,051 | 13,219 |
Prepaid Expenses and Other Assets | |||||||||||
25,860 | -5,903 | -2,711 | -1,229 | 35,649 | 5,332 | 1,349 | 9,263 | 4,317 | 4,320 | -3,356 | 941 |
Gain on Dispositions of Businesses and Contracts | |||||||||||
- | - | - | - | - | - | - | - | - | - | 7,826 | - |
Income Tax Receivable | |||||||||||
-10,458 | -70,875 | 88,139 | -167,290 | 54,351 | 117,894 | -22,688 | 22,379 | -79,762 | 82,378 | -28,443 | 28,443 |
Operating Lease Liabilities | |||||||||||
-124,384 | - | - | - | - | - | - | - | - | - | - | - |
Accounts Payable and Accrued Expenses | |||||||||||
20,183 | -20,367 | -2,736 | -49,186 | 69,218 | -12,788 | 16,893 | -4,635 | 18,885 | 33,346 | 2,410 | 35,384 |
Accrued Regulatory Expense | |||||||||||
175,000 | 0 | 1,314 | -4,737 | -22,463 | -1,200 | 28,400 | -41,720 | 40,043 | 1,352 | -396 | - |
Customer Deposits and Advance Payments | |||||||||||
10,791 | 5,017 | 3,001 | -4,621 | 7,508 | 5,639 | -617 | 1,451 | 4,358 | 2,015 | 4,763 | 4,845 |
Cash Provided by Operating Activities | |||||||||||
317,185 | 356,498 | 159,135 | 467,236 | 167,552 | -48,962 | 308,437 | 59,754 | 307,195 | 49,261 | 193,694 | 79,251 |
INVESTING ACTIVITIES: | |||||||||||
Purchase of Investments | |||||||||||
- | - | - | - | - | - | 74,845 | 91,000 | 100,513 | - | - | - |
Investments in Loans Receivable | |||||||||||
70,313 | 64,914 | 77,951 | 72,897 | 11,700 | 0 | 0 | - | - | - | - | - |
Proceeds from Loans Receivable | |||||||||||
53,170 | 57,328 | 59,641 | 64,739 | 15,211 | 0 | 0 | - | - | - | - | - |
Proceeds from Investments | |||||||||||
1,212 | 3,066 | 2,658 | 0 | 0 | 89,993 | 47,930 | 102,118 | 1,063 | - | - | - |
Outflows on Purchases of Property, Plant and Equipment | |||||||||||
92,963 | 78,845 | 57,973 | 57,453 | 60,557 | 47,565 | 58,145 | 65,073 | 78,211 | 87,636 | 83,140 | 74,924 |
Proceeds from Property, Plant and Equipment | |||||||||||
14,090 | 9,191 | 12,705 | 19,393 | 7,515 | 6,032 | 6,841 | 6,790 | 11,481 | 53,399 | 37,533 | 54,546 |
Outflows on Acquisitions of Businesses and Customer Agreements, Net of Cash Acquired | |||||||||||
14,300 | 189,900 | 145,600 | 9,762 | 73,295 | 700,509 | 10,898 | 30,799 | 32,176 | 17,891 | 25,202 | 80,935 |
Proceeds from Dispositions of Businesses and Customer Agreements, Net of Cash Disposed | |||||||||||
2,813 | 942 | 1,141 | 35,899 | 13,976 | 16,525 | 2,163 | 1,999 | 7,282 | 8,025 | 32,042 | 99,152 |
Cash Used in Investing Activities | |||||||||||
-106,276 | -263,133 | -205,337 | -20,081 | -108,850 | -635,524 | -86,954 | -75,965 | -191,074 | -44,103 | -38,767 | -2,161 |
FINANCING ACTIVITIES: | |||||||||||
(Repayments) Borrowings on Revolving Facility, Net | |||||||||||
16,000 | 16,000 | 47,531 | - | - | - | - | - | - | - | - | - |
Proceeds from Debt | |||||||||||
0 | 137,500 | 15,625 | 98,928 | 290,090 | 904,956 | 2,598 | 16,258 | 129,150 | 2,429 | 57,383 | 536,469 |
Repayments on Debt | |||||||||||
68,531 | 97,583 | 103,129 | 208,607 | 330,747 | 441,603 | 4,954 | 28,519 | 17,151 | 15,683 | 117,156 | 607,484 |
Acquisition of Treasury Stock | |||||||||||
69,255 | 168,735 | 62,550 | 34,525 | 0 | 0 | 125,000 | 34,131 | 127,193 | 28,046 | - | 7,529 |
Dividends Paid | |||||||||||
9,437 | 6,243 | 7,962 | 7,420 | 6,822 | 7,823 | 3,875 | 5,843 | 4,073 | 2,929 | 4,649 | 3,430 |
Excess Tax (Deficiencies) Benefits From Stock-Based Compensation | |||||||||||
- | - | - | - | - | 1,392 | 1,381 | 5,967 | 1,264 | 321 | 3,909 | 1,767 |
Issuance of Stock Under Stock Option Plans | |||||||||||
7,749 | 7,975 | 3,457 | 550 | 1,038 | 4,388 | 9,924 | 15,756 | 6,117 | 1,087 | 8,172 | 6,476 |
Shares Withheld for Tax Payments | |||||||||||
13,038 | 17,347 | 6,177 | 2,457 | 443 | -4,366 | 0 | 0 | - | - | - | - |
Debt Issuance Costs | |||||||||||
40 | 535 | 3,130 | 132 | 425 | - | - | - | - | - | - | - |
Cash Provided by (Used in) Financing Activities | |||||||||||
-168,552 | -128,968 | -211,397 | -153,663 | -47,309 | 456,944 | -119,926 | -30,512 | -11,886 | -42,821 | -52,341 | -73,731 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | |||||||||||
120 | -156 | 75 | 127 | 0 | 0 | - | - | - | - | - | - |
Increase in Cash and Cash Equivalents | |||||||||||
42,477 | -35,759 | -257,524 | 293,619 | 11,393 | -227,542 | 101,557 | -46,723 | 104,235 | -37,663 | 102,309 | 2,586 |
Operating Activities | |||||||||||
- | - | - | - | - | - | - | - | - | - | -277 | -3,512 |
Investing Activities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 2,739 |
Cash Used by Discontinued Operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | -277 | -773 |
Net Cash Paid (Received) During the Year: | |||||||||||
Interest | |||||||||||
16,460 | 16,243 | 20,492 | 22,511 | 23,405 | 16,344 | 5,614 | 6,498 | 3,983 | 3,203 | 4,591 | 8,869 |
Income Taxes | |||||||||||
-726 | -63,829 | 98,296 | -54,258 | 91,720 | 187,709 | 54,027 | 145,370 | 10,991 | 94,793 | 15,286 | 29,186 |