Alliance data systems corp (ADS)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

278

963

788

517

605

516

496

422

315

193

143

206

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

249

487

497

512

492

313

216

166

153

143

125

143

Deferred income taxes

-186

16

-113

-30

-121

-13

42

102

47

19

17

21

Provision for loan loss

1,187

1,016

1,140

940

668

425

345

285

300

390

86

38

Non-cash stock compensation

54

80

75

76

91

72

59

50

43

50

53

54

Fair value gain on interest-rate derivatives

-

-

-

-

-

-

-

-

31

8

-

0

Fair value gain on interest-only strip

-

-

-

-

-

-

-

-

-

-

5

-31

Amortization of discount on debt

-

-

-

-

-

-

65

82

73

66

52

16

Amortization of deferred financing costs

43

47

44

34

31

24

25

24

17

-

-

-

Gain on sale of business

512

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-71

-

-

-

-

-

-

-

-

-

-

-

Asset impairment charges

52

-

-

-

-

-

-

-

-

-

-

-

Change in breakage rate estimate

-

-

-

284

-

-

-

-

-

-

-

-

Earn-out obligation

-

-

-

-

-

105

-

-

-

-

-

-

Change in other operating assets and liabilities, net of sale of business:
Change in merchant settlement activity

-

-

-

-

-

-

-

-

-

-

18

-176

Change in deferred revenue

2

-17

-27

-222

-6

-27

-30

-11

33

11

-5

376

Impairment of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

19

Gain on acquisition of a business

-

-

-

-

-

-

-

-

-

-

21

0

Loss on sale of assets

-

-

-

-

-

-

-

-

-

-

-19

-20

Change in accounts receivable

-4

93

10

95

-8

156

33

-49

32

44

2

-17

Change in accounts payable and accrued expenses

-255

-93

167

-9

121

125

-28

115

53

61

-39

-52

Change in other assets

46

29

20

158

113

128

148

3

-17

-32

31

-46

Change in other liabilities

32

49

-24

138

37

89

63

-13

31

9

-19

28

Change in contingent liability

-

-

-

-

-99

-

-

-

-

-

-

-

Originations of credit card and loan receivables held for sale

-

4,799

8,709

7,366

6,579

5,271

1,674

-

-

-

-

-

Sales of credit card and loan receivables held for sale

-

4,928

8,651

7,362

6,567

5,284

1,612

-

-

-

-

-

Purchase of credit card receivables

-

-

-

-

-

-

-

-

-

-

27

-206

Proceeds from the sale of credit card receivable portfolios to the securitization trusts

-

-

-

-

-

-

-

-

-

-

53

102

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

20

15

12

9

-2

Other

-241

-198

-140

-143

-57

15

8

18

-3

9

14

-4

Net cash provided by operating activities

1,217

2,754

2,599

2,127

1,759

1,344

1,003

1,134

1,011

902

358

451

CASH FLOWS FROM INVESTING ACTIVITIES:
Change in redemption settlement assets

-9

-42

-231

-74

-22

-59

-54

37

-49

52

52

-317

Change in cash collateral, restricted

-

-

-

-

-

-12

-32

-99

-22

-32

-55

117

Change in restricted cash

-

-

-

-

2

-

-39

46

-98

-2

101

0

Change in credit card and loan receivables

2,586

2,749

3,600

3,505

2,872

2,260

1,420

1,371

578

239

314

95

Proceeds from sale of credit card receivable portfolios to the securitization trusts

-

-

-

-

-

-

-

-

-

-

-

91

Investments in the stock of investees

-

-

-

-

-

-

-

-

17

0

5

0

Proceeds from sale of business

4,409

-

-

-

-

-

-

-

-

-

-

137

Purchase of credit card portfolios

924

-

-

1,008

243

953

46

780

68

-

-

-

Proceeds from sale of credit card portfolios

2,100

1,200

797

486

26

-

-

-

-

-

-

-

Proceeds from sale of real estate

15

-

-

-

-

-

-

-

-

-

-

-

Payments for acquired businesses, net of cash

6

-

945

-

45

1,195

-

463

359

117

158

2

Change in due from securitizations

-

-

-

-

-

-

-

-

-

-

-259

202

Change in seller's interest

-

-

-

-

-

-

-

-

-

-

114

34

Capital expenditures

142

199

225

207

191

158

135

116

73

68

52

49

Proceeds from the sale of assets

-

-

-

-

-

-

-

-

-

-

4

14

Purchases of other investments

20

89

101

18

38

125

35

34

14

4

-9

-

Maturities/sales of other investments

60

47

42

39

11

7

2

15

-

-

-

-

Other

-4

-8

4

2

-14

3

1

10

-

-2

2

5

Net cash provided by investing activities

2,860

-1,872

-4,268

-4,291

-3,362

-4,737

-1,619

-2,671

-1,040

-340

-888

-512

CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under debt agreements

3,111

4,575

7,696

3,823

3,087

3,431

1,985

1,095

3,256

1,507

3,124

3,754

Repayments of borrowings

5,981

4,893

7,341

3,222

2,228

1,835

1,300

506

3,012

1,462

3,094

3,799

Repayments of deposits

-

-

-

-

-

1,863

1,401

991

685

783

803

710

Non-recourse borrowings of consolidated securitization entities

4,851

3,714

5,172

4,404

4,675

2,670

2,268

2,543

2,179

1,147

-

0

Repayments/maturities of non-recourse borrowings of consolidated securitization entities

5,219

4,871

3,320

3,930

3,373

2,070

1,807

1,673

2,579

1,173

-

0

Net decrease in deposits

355

864

2,543

2,789

848

3,820

1,989

1,866

1,180

177

1,579

1,028

Payment of debt extinguishment costs

46

-

-

-

-

-

-

-

-

-

-

-

Proceeds from convertible note hedge counterparties

-

-

-

-

-

1,519

1,056

-

-

-

-

-

Settlement of convertible note borrowings

-

-

-

-

-

1,864

1,861

-

-

-

-

-

Payment of acquisition-related contingent consideration

-

-

-

-

205

-

-

-

-

-

-

-

Acquisition of non-controlling interest

-

-

-

360

87

-

-

-

-

-

-

-

Payment of capital lease obligations

-

-

-

-

-

-

-

-

-

23

21

22

Proceeds from issuance of convertible senior notes

-

-

-

-

-

-

-

-

-

-

345

805

Payment of deferred financing costs

45

25

65

33

29

55

24

40

29

3

24

34

Proceeds from sale leaseback transactions

-

-

-

-

-

-

-

-

-

-

-

34

Excess tax benefits from stock-based compensation

-

-

-

-

-

34

17

20

15

12

9

2

Proceeds from issuance of common stock

12

17

18

18

18

17

14

20

29

33

28

30

Dividends paid

127

125

115

30

-

-

-

-

-

-

-

-

Proceeds from issuance of warrants

-

-

-

-

-

-

-

-

-

-

30

94

Payment for convertible note hedges

-

-

-

-

-

-

-

-

-

-

80

-201

Purchase of prepaid forward contracts

-

-

-

-

-

-

-

-

-

-

74

0

Purchase of treasury shares

976

443

553

798

951

286

231

125

240

148

445

1,000

Other

-27

-31

-29

-22

-33

-1

-0

-0

-3

-

-

-

Net cash used in financing activities

-4,091

-1,217

4,004

2,637

1,718

3,516

704

2,209

109

-715

570

-20

Effect of exchange rate changes on cash, cash equivalents and restricted cash

3

-12

10

14

-25

-15

-11

5

-2

-2

15

-27

Change in cash, cash equivalents and restricted cash

-9

-347

2,346

487

90

107

76

677

77

-155

56

-108

Cash effect on adoption of ASC 860 and ASC 810

-

-

-

-

-

-

-

-

-

81

-

0

SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid

671

719

551

405

311

221

239

215

231

241

84

68

Income taxes paid, net

1,070

234

344

466

304

256

216

137

123

44

73

113