Alliance data systems corp (ADS)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

30,000

97,500

-107,600

139,000

149,100

284,900

296,400

217,900

163,900

271,300

233,300

137,700

146,400

10,600

207,400

140,700

158,900

180,100

130,400

130,100

164,800

76,216

164,948

139,189

135,747

117,873

132,878

116,440

128,979

83,661

119,545

103,821

115,229

65,906

93,981

69,023

86,376

46,704

53,059

47,320

46,654

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

38,800

42,900

44,900

42,600

118,900

121,100

122,500

122,000

121,700

123,100

124,200

125,500

124,800

127,400

126,700

129,600

128,400

125,100

123,400

122,100

121,600

88,401

76,331

74,295

74,073

55,221

54,472

53,576

52,850

47,022

41,732

39,403

38,719

38,502

43,233

36,020

35,398

36,727

37,907

34,421

34,171

Deferred income taxes

-158,700

900

-139,400

-12,600

-35,000

46,600

51,700

-65,800

-16,200

-51,300

-1,500

-48,800

-12,200

26,200

-43,000

-11,300

-2,700

-58,500

-19,900

-41,300

-1,600

-18,720

-7,901

-12,103

25,324

38,245

3,074

-13,003

14,597

25,910

7,491

60,839

8,026

47,258

-10,181

2,178

7,782

-4,983

4,071

1,701

18,272

Provision for loan loss

655,900

380,700

297,300

257,400

252,100

169,700

196,700

311,900

337,700

332,200

204,700

288,100

315,100

289,500

251,300

227,800

171,900

206,300

171,600

155,400

134,900

143,389

114,577

96,652

70,582

130,338

90,976

57,796

66,648

102,350

81,250

52,552

49,327

101,577

70,697

60,376

67,666

118,563

89,558

94,700

88,001

Non-cash stock compensation

4,700

500

3,000

30,200

21,100

16,600

17,900

20,800

25,500

11,600

18,300

21,700

23,500

17,000

18,100

21,500

19,900

18,000

21,800

24,000

27,500

22,746

18,257

15,873

15,624

15,755

15,413

14,991

13,024

12,892

12,419

12,880

12,306

11,015

12,281

11,106

9,084

16,098

10,975

12,415

10,606

Fair value gain on interest-rate derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,200

6,311

-

7,488

8,172

7,012

8,582

8,543

4,711

9,892

14,168

-10,827

3,203

2,181

Amortization of discount on debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

4,240

8,053

7,777

12,798

22,861

22,241

21,537

20,865

20,300

19,750

19,213

18,692

18,187

17,695

17,217

16,752

16,301

15,861

Amortization of deferred financing costs

9,500

10,800

10,500

11,100

11,000

11,100

10,700

14,100

11,400

11,700

11,100

11,700

9,500

9,400

8,500

8,400

8,400

8,000

8,000

7,700

7,800

6,908

5,791

5,473

5,828

4,306

7,867

6,555

6,764

-

-

-

-

-

-

-

-

-

-

-

-

Change in other operating assets and liabilities, net of sale of business:
Change in deferred revenue

-

-

-

-

-

-

-

-

-

8,500

-7,100

-5,400

-23,000

-108,600

-64,600

-17,100

-32,400

27,900

-7,000

800

-28,000

13,737

-362

-14,044

-27,131

-8,432

15,318

-2,351

-34,918

25,139

2,959

-166

-39,157

17,472

10,756

21,488

-16,375

2,406

14,248

10,496

-15,665

Change in accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77,819

-33,947

33,346

-20,509

33,755

-14,434

23,113

18,308

-24,200

26,819

Change in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17,775

9,205

8,937

66,338

24,561

-46,160

27,944

33,888

15,181

-15,849

Change in other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,415

-18,269

25,884

-32,461

13,598

-24,539

4,451

-61,808

9,633

15,200

Change in other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,691

-5,947

-5,467

1,158

5,732

30,521

-4,120

1,686

19,712

-7,847

Change in contingent liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-99,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in other operating assets and liabilities, net of sale of business

-8,600

-

-645,500

38,100

-8,700

-

134,200

-46,900

108,000

-

-121,200

19,600

143,100

-

-66,600

65,400

213,400

-

-23,600

8,000

98,600

-

-30,078

45,994

-37,702

-

10,700

8,042

-17,249

-

-

-

-

-

-

-

-

-

-

-

-

Originations of credit card and loan receivables held for sale

-

-

-

-

-

0

55,600

2,471,700

2,271,700

2,696,600

2,089,700

2,070,900

1,852,200

2,183,600

1,796,200

1,763,500

1,623,000

2,010,100

1,681,200

1,515,400

1,373,200

1,626,385

1,301,881

1,228,799

1,114,635

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of credit card and loan receivables held for sale

-

-

-

-

-

0

136,900

2,479,100

2,312,800

2,640,400

2,090,800

2,072,800

1,847,900

2,176,200

1,792,700

1,772,500

1,621,400

2,010,800

1,699,400

1,513,100

1,343,800

1,648,091

1,294,718

1,227,846

1,114,245

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of credit card receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,962

2,121

24,805

-

2,389

507

9,596

4,962

1,673

1,851

11,713

2,925

513

2,117

9,473

246

1,297

7,653

3,763

Other

16,300

-25,200

-72,700

-58,200

-84,900

-42,200

-60,800

-22,700

-72,800

-36,600

-30,900

-37,700

-35,400

-36,500

-32,400

-31,600

-42,700

-84,400

2,700

-600

24,700

12,765

9,732

5,707

-12,504

21,330

384

-5,347

-7,475

18,501

-2,036

921

1,326

2,356

-3,764

-2,989

1,207

13,111

-2,493

6,712

-8,088

Net cash provided by operating activities

572,500

-312,500

440,500

478,900

610,800

729,500

703,600

671,900

649,900

840,300

736,200

550,500

472,100

772,400

599,900

474,800

280,100

728,600

467,400

389,100

174,700

376,221

380,181

254,687

333,111

204,654

268,373

251,463

279,002

272,129

444,623

177,815

239,623

248,847

354,633

197,479

210,388

209,205

247,009

239,942

206,553

CASH FLOWS FROM INVESTING ACTIVITIES:
Change in redemption settlement assets

1,000

-2,500

-5,000

-1,900

-100

-4,800

2,300

-25,200

-14,500

-17,700

-31,900

-44,700

-137,000

-130,300

37,000

26,400

-8,000

-6,000

-7,800

4,000

-12,600

-10,794

8,624

20,235

-77,765

19,231

-26,132

5,192

-52,863

-4,653

445

6,855

34,585

-53,532

-11,160

11,103

4,410

30,388

5,037

9,830

7,097

Change in cash collateral, restricted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-13,955

-20,001

1,551

2,501

-63,801

-21,711

-16,024

-490,736

337,518

-1,403

132,575

-19,538

-107,583

121,264

-26,211

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

126,500

-311,900

312,200

-

-

-

700

-

-

-

-346

449

-310,959

-191,926

463,058

2,945

-394,773

393,902

44,763

0

-81,566

3,338

-20,180

21,173

-2,262

6,443

-28,245

Change in credit card and loan receivables

-1,446,700

1,908,600

657,300

779,100

-758,200

2,041,500

586,900

591,700

-470,500

2,425,500

888,300

809,900

-523,500

2,456,600

696,200

736,500

-383,900

1,958,200

641,700

673,900

-401,800

1,627,364

482,258

535,115

-384,037

1,200,360

303,974

288,018

-371,421

952,838

357,139

318,887

-257,512

738,650

109,994

162,411

-432,997

513,358

2,521

121,079

-397,525

Investments in the stock of investees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

4,383

8,572

5,019

500

0

0

0

Proceeds from sale of business

25,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of credit card portfolios

-

-

-

-

-

-

-

-

-

-

-

-

-

104,700

154,300

-6,200

755,300

-

-

-

-

-

-

-

-

9,649

-5

0

37,061

-150

657,916

24,584

97,653

25,858

0

0

42,696

-

-

-

-

Proceeds from sale of credit card portfolios

289,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for acquired businesses, net of cash

-

0

0

0

6,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

936,286

0

0

259,514

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

15,700

23,100

27,000

53,500

38,700

50,500

50,800

53,800

44,700

48,800

59,800

70,200

46,600

48,700

50,700

52,700

54,900

51,600

52,000

45,700

42,400

44,105

37,335

33,772

43,488

43,617

32,764

30,713

28,282

39,115

21,799

24,175

31,366

24,966

14,601

15,304

18,631

20,459

16,784

16,084

15,428

Purchases of other investments

14,000

6,400

800

8,000

5,000

16,900

22,500

25,100

25,000

21,200

75,300

4,800

100

4,800

4,100

5,700

3,800

0

21,200

9,800

7,800

15,920

3,869

104,254

1,657

-

-

-

45,720

-

-

-

-

-

-

-

-

-

-

-

-

Maturities/sales of other investments

13,200

13,300

35,500

4,800

6,400

4,300

32,500

4,600

6,000

4,300

5,200

27,100

5,900

600

5,900

29,000

3,700

3,800

3,200

2,600

2,200

2,635

1,356

1,518

1,691

-

-

-

476

12,424

2,259

516

452

-

-

-

-

-

-

-

-

Other

-200

-600

2,600

-3,100

-3,400

0

-1,100

-6,500

-600

200

0

-100

4,300

2,300

-200

-300

1,100

-15,300

-100

-2,100

3,200

-800

-58

58

4,000

0

0

133

1,250

1

0

10,631

-44

-

-

-229

7

-640

-5,617

3,171

528

Net cash provided by investing activities

1,746,300

-789,700

4,164,800

-1,231,800

717,500

-1,011,300

-624,500

-629,100

392,900

-2,657,000

-1,050,100

-902,400

341,400

-2,139,900

-982,800

-421,100

-747,700

-2,259,600

-763,700

-676,600

337,300

-2,874,265

-1,210,693

-651,792

-350

-1,245,083

-42,607

-73,838

-257,888

-1,482,793

-575,576

-747,816

134,835

-298,900

-464,503

-535,966

258,659

-504,939

-20,756

-258,211

443,122

CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under debt agreements

500,000

1,019,000

15,000

1,032,200

1,045,100

1,368,000

808,200

1,714,100

685,000

1,257,100

582,700

4,093,700

1,763,200

737,200

636,600

737,000

1,712,900

661,000

675,300

749,400

1,001,700

1,510,910

798,356

625,012

496,822

-

-

-

-

395,648

0

0

699,500

398,000

522,000

2,134,500

202,000

302,000

650,000

209,000

346,000

Repayments of borrowings

275,400

-

-

-

870,900

-

-

-

706,500

1,437,600

800,000

4,004,900

1,098,900

917,800

538,800

539,000

1,227,200

699,400

426,600

767,900

334,400

254,404

791,991

303,931

484,874

128,813

1,159,953

5,387

6,088

5,786

5,737

20,738

473,953

487,953

647,953

1,799,458

77,318

373,257

545,203

256,191

288,155

Repayments of deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

546,100

508,800

659,500

-

537,600

535,600

669,800

432,308

430,609

516,986

483,797

205,034

490,792

327,584

378,215

288,404

343,123

157,309

202,741

353,009

163,120

66,080

103,400

191,300

132,100

114,100

346,000

Non-recourse borrowings of consolidated securitization entities

350,000

1,275,000

1,383,500

1,071,100

1,122,200

1,137,300

1,102,300

570,000

905,000

2,717,500

990,000

1,285,000

180,000

1,836,900

1,362,500

325,000

880,000

2,105,000

950,000

1,315,000

305,000

1,175,000

735,000

230,000

530,000

635,000

365,000

768,281

500,004

-

-

-

-

1,052,800

490,421

462,000

174,500

314,817

421,181

310,980

100,965

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

1,275,000

886,800

1,215,000

1,119,700

1,997,500

956,000

1,405,000

920,000

1,590,000

775,300

685,000

915,000

945,000

780,000

1,460,000

650,000

1,040,000

585,000

1,200,000

888,800

700,000

435,000

595,000

90,000

950,000

25,000

395,000

840,000

547,339

255,076

698,575

369,075

350,483

875,801

714,019

454,533

535,224

16,500

412,115

187,720

557,400

Net decrease in deposits

769,400

1,065,000

33,400

-1,245,400

502,600

1,285,400

-794,500

-75,200

448,400

4,530,900

-1,655,600

-520,800

188,700

-937,600

1,295,700

1,294,900

1,136,900

-1,343,100

1,181,700

603,500

406,700

1,478,064

1,148,388

853,140

341,308

710,889

545,933

405,873

326,881

681,164

525,822

522,467

136,760

337,779

704,444

63,061

75,000

83,600

0

62,600

31,400

Proceeds from convertible note hedge counterparties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-33

0

1,426,453

93,380

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of convertible note borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

0

1,749,750

115,053

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of acquisition-related contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

205,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

258,700

102,000

0

0

0

87,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

6

5

-

129

778

3,013

5,899

5,796

5,723

5,753

Payment of deferred financing costs

600

18,300

8,300

13,400

5,400

4,500

13,500

4,300

3,500

12,300

9,300

36,700

7,400

13,200

9,600

6,800

4,300

13,100

9,100

5,900

1,400

30,630

17,799

1,713

4,958

2,401

16,400

3,465

2,506

9,337

5,306

7,526

18,098

1,659

2,802

23,834

730

77

2,295

609

121

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,212

4,962

2,121

24,805

4,775

2,389

507

9,596

4,962

1,673

1,851

11,713

2,925

513

2,117

9,473

246

1,297

7,653

3,763

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,661

2,237

3,599

4,603

5,551

3,005

3,441

2,093

5,577

3,708

4,483

6,928

6,470

2,409

8,024

12,509

2,006

2,217

22,992

6,639

Dividends paid

30,300

30,000

30,400

33,100

33,900

30,700

31,200

31,600

31,700

28,700

28,800

29,000

29,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury shares

-

200

753,100

0

222,800

-

-

-

-

0

53,800

84,900

415,000

106,000

170,200

113,800

408,800

94,700

180,200

134,100

542,600

69,114

15,727

157,154

44,605

0

23,111

156,264

51,710

60,482

6,326

56,511

2,521

54,557

69,659

55,226

61,435

71,975

62,222

0

14,520

Other

-2,700

-10,900

-6,700

7,800

-17,200

-13,200

-2,300

7,900

-23,700

-12,800

-1,400

7,000

-22,100

-9,700

-1,800

13,000

-24,300

-65,600

2,400

13,000

16,400

-24

-15

-1,451

-10

-9

-2

-5

-6

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-1,503,400

4,400

-3,699,500

1,086,400

-1,483,000

288,100

363,000

-655,200

-1,213,800

2,281,800

1,650,000

836,000

-762,900

1,512,600

568,300

292,800

263,700

1,726,100

455,900

348,600

-811,700

2,951,337

837,802

319,340

-592,379

1,232,947

-194,490

-187,015

-147,290

1,339,190

248,055

814,674

-192,900

24,990

122,105

269,793

-307,638

43,661

-85,036

48,882

-723,182

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

-7,600

4,200

-8,800

5,200

3,000

-8,900

1,000

-2,400

-1,700

1,900

4,600

1,400

2,400

9,500

-1,400

0

5,900

-4,400

-4,600

800

-17,100

-10,895

-3,633

2,290

-3,562

-6,738

2,945

-4,938

-3,027

-1,491

7,016

-1,518

1,273

1,706

-5,486

1,153

-161

-39

-326

-842

-860

Change in cash, cash equivalents and restricted cash

807,800

-1,093,600

897,000

338,700

-151,700

-2,600

443,100

-614,800

-172,700

467,000

1,340,700

485,500

53,000

154,600

184,000

346,500

-198,000

190,700

155,000

61,900

-316,800

442,398

3,657

-75,475

-263,180

185,780

34,221

-14,328

-129,203

127,035

124,118

243,155

182,831

-23,357

6,749

-67,541

161,248

-252,112

140,891

29,771

-74,367

Cash effect on adoption of ASC 860 and ASC 810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

81,553

SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid

138,300

152,800

195,500

116,900

206,700

192,300

180,000

188,300

159,200

169,200

131,100

146,100

105,000

117,900

93,500

109,100

84,600

87,700

71,000

82,300

70,400

67,361

38,853

74,882

40,104

71,474

56,096

63,682

47,951

66,632

49,819

49,791

49,466

53,748

58,330

64,377

54,594

65,022

57,045

71,635

47,655

Income taxes paid, net

44,600

846,600

84,300

119,300

20,400

45,500

67,900

63,900

56,700

62,100

100,100

164,400

17,500

123,900

83,800

146,200

112,700

78,300

94,200

110,000

21,700

108,073

78,899

51,569

17,459

58,236

63,186

57,384

37,724

46,783

-7,188

63,558

34,685

36,295

28,814

26,679

31,692

18,226

9,600

19,812

-2,915