ALLIANCE DATA SYSTEMS CORP ADS Cash Flow

Alliance data systems corp (ADS)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
158	278	465	869	948	963	949	886	806	788	528	502	505	517	687	610	599	605	501	536	545	516	557	525	502	496	461	448	436	422	404	378	344	315	296	255	233	193	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
169	249	327	405	484	487	489	491	494	497	501	504	508	512	509	506	499	492	455	408	360	313	279	258	237	216	207	195	181	166	158	159	156	153	151	146	144	143	0	0	0
Deferred income taxes
-309	-186	-140	50	-2	16	-81	-134	-117	-113	-36	-77	-40	-30	-115	-92	-122	-121	-81	-69	-40	-13	43	54	53	42	30	34	108	102	123	105	47	47	-5	9	8	19	0	0	0
Provision for loan loss
1,591	1,187	976	875	930	1,016	1,178	1,186	1,162	1,140	1,097	1,144	1,083	940	857	777	705	668	605	548	489	425	412	388	349	345	317	308	302	285	284	274	281	300	317	336	370	390	0	0	0
Non-cash stock compensation
38	54	70	85	76	80	75	76	77	75	80	80	80	76	77	81	83	91	96	92	84	72	65	62	61	59	56	53	51	50	48	48	46	43	48	47	48	50	0	0	0
Fair value gain on interest-rate derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	31	32	28	31	37	17	16	8	0	0	0
Amortization of discount on debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	32	51	65	79	87	84	82	80	77	75	73	71	69	67	66	0	0	0
Amortization of deferred financing costs
41	43	43	43	46	47	47	48	45	44	41	39	35	34	33	32	32	31	30	28	25	24	21	23	24	25	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in other operating assets and liabilities, net of sale of business:
Change in deferred revenue
-	-	-	-	-	-	-	-	-	-27	-144	-201	-213	-222	-86	-28	-10	-6	-20	-13	-28	-27	-49	-34	-22	-30	3	-9	-6	-11	-18	-11	10	33	18	21	10	11	0	0	0
Change in accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56	12	32	21	60	2	44	0	0	0
Change in accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66	109	53	72	40	30	61	0	0	0
Change in other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-33	-11	-17	-38	-68	-72	-32	0	0	0
Change in other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23	-4	31	33	33	47	9	0	0	0
Change in contingent liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-99	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other operating assets and liabilities, net of sale of business
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Originations of credit card and loan receivables held for sale
-	-	-	-	-	4,799	7,495	9,529	9,128	8,709	8,196	7,902	7,595	7,366	7,192	7,077	6,829	6,579	6,196	5,816	5,530	5,271	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of credit card and loan receivables held for sale
-	-	-	-	-	4,928	7,569	9,523	9,116	8,651	8,187	7,889	7,589	7,362	7,197	7,104	6,844	6,567	6,204	5,799	5,514	5,284	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of credit card receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	17	16	18	20	18	17	17	15	12	13	18	12	0	0	0
Other
-139	-241	-258	-246	-210	-198	-192	-163	-178	-140	-140	-142	-135	-143	-191	-156	-125	-57	39	46	52	15	24	14	3	8	6	3	9	18	2	0	-3	-3	7	8	18	9	0	0	0
Net cash provided by operating activities
1,179	1,217	2,259	2,522	2,715	2,754	2,865	2,898	2,776	2,599	2,531	2,394	2,319	2,127	2,083	1,950	1,865	1,759	1,407	1,320	1,185	1,344	1,172	1,060	1,057	1,003	1,070	1,247	1,173	1,134	1,110	1,020	1,040	1,011	971	864	906	902	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Change in redemption settlement assets
-8	-9	-11	-4	-27	-42	-55	-89	-108	-231	-343	-275	-203	-74	49	4	-17	-22	-27	-10	5	-59	-29	-64	-79	-54	-78	-51	-50	37	-11	-23	-19	-49	34	50	49	52	0	0	0
Change in cash collateral, restricted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32	-29	-79	-81	-99	-592	-190	-170	-22	449	4	126	-32	0	0	0
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0	-	-	-	-502	-39	-36	-120	465	46	43	357	-33	-98	-77	2	5	-2	0	0	0
Change in credit card and loan receivables
1,898	2,586	2,719	2,649	2,461	2,749	3,133	3,435	3,653	3,600	3,631	3,439	3,365	3,505	3,007	2,952	2,889	2,872	2,541	2,381	2,242	2,260	1,833	1,655	1,408	1,420	1,173	1,226	1,257	1,371	1,157	910	753	578	352	245	203	239	0	0	0
Investments in the stock of investees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	18	14	5	0	0	0	0
Proceeds from sale of business
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of credit card portfolios
-	-	-	-	-	-	-	-	-	-	-	-	-	1,008	0	0	0	-	-	-	-	-	-	-	-	46	36	694	719	780	806	148	123	68	0	0	0	-	-	-	-
Proceeds from sale of credit card portfolios
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for acquired businesses, net of cash
-	6	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,195	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
119	142	169	193	193	199	198	207	223	225	225	216	198	207	209	211	204	191	184	169	157	158	158	153	150	135	130	119	113	116	102	95	86	73	68	71	71	68	0	0	0
Purchases of other investments
29	20	30	52	69	89	93	146	126	101	85	13	14	18	13	30	34	38	54	37	131	125	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Maturities/sales of other investments
66	60	51	48	47	47	47	20	42	42	38	39	41	39	42	39	13	11	10	8	7	7	0	0	0	-	-	-	15	15	0	0	0	-	-	-	-	-	-	-	-
Other
-1	-4	-3	-7	-11	-8	-8	-6	-0	4	6	6	6	2	-14	-14	-16	-14	0	0	2	3	4	4	4	1	1	1	11	10	0	0	0	-	-	-6	-3	-2	0	0	0
Net cash provided by investing activities
3,889	2,860	2,639	-2,150	-1,547	-1,872	-3,517	-3,943	-4,216	-4,268	-3,751	-3,683	-3,202	-4,291	-4,411	-4,192	-4,447	-3,362	-3,977	-4,424	-4,399	-4,737	-3,107	-1,939	-1,361	-1,619	-1,857	-2,390	-3,064	-2,671	-1,487	-1,376	-1,164	-1,040	-1,246	-803	-525	-340	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under debt agreements
2,566	3,111	3,460	4,253	4,935	4,575	4,464	4,238	6,618	7,696	7,176	7,230	3,874	3,823	3,747	3,786	3,798	3,087	3,937	4,060	3,935	3,431	0	0	0	-	-	-	-	1,095	1,097	1,619	3,754	3,256	3,160	3,288	1,363	1,507	0	0	0
Repayments of borrowings
0	-	-	-	0	-	-	-	6,949	7,341	6,821	6,560	3,094	3,222	3,004	2,892	3,121	2,228	1,783	2,148	1,684	1,835	1,709	2,077	1,779	1,300	1,177	22	38	506	988	1,630	3,409	3,012	2,897	2,795	1,251	1,462	0	0	0
Repayments of deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,393	-	2,175	2,068	2,049	1,863	1,636	1,696	1,507	1,401	1,484	1,337	1,167	991	1,056	876	784	685	523	492	540	783	0	0	0
Non-recourse borrowings of consolidated securitization entities
4,079	4,851	4,714	4,432	3,931	3,714	5,294	5,182	5,897	5,172	4,291	4,664	3,704	4,404	4,672	4,260	5,250	4,675	3,745	3,530	2,445	2,670	2,130	1,760	2,298	2,268	0	0	0	-	-	-	-	2,179	1,441	1,372	1,221	1,147	0	0	0
Repayments/maturities of non-recourse borrowings of consolidated securitization entities
4,496	5,219	5,288	5,478	5,278	4,871	4,690	3,970	3,965	3,320	3,325	4,100	3,835	3,930	3,735	3,475	3,713	3,373	3,223	2,618	1,820	2,070	1,660	1,460	2,210	1,807	2,037	2,340	1,870	1,673	2,293	2,309	2,394	2,579	1,720	1,418	1,151	1,173	0	0	0
Net decrease in deposits
622	355	576	-251	918	864	4,109	3,248	2,802	2,543	-2,925	26	1,841	2,789	2,384	2,270	1,579	848	3,669	3,636	3,886	3,820	3,053	2,451	2,004	1,989	1,959	1,939	2,056	1,866	1,522	1,701	1,242	1,180	926	221	221	177	0	0	0
Proceeds from convertible note hedge counterparties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,519	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of convertible note borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,864	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of acquisition-related contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	205	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	360	360	360	102	87	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	9	15	20	23	0	0	0
Payment of deferred financing costs
40	45	31	36	27	25	33	29	61	65	66	66	37	33	33	33	32	29	47	55	51	55	26	25	27	24	31	20	24	40	32	30	46	29	27	26	3	3	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34	36	34	32	17	17	16	18	20	18	17	17	15	12	13	18	12	0	0	0
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	15	16	16	14	14	14	15	20	21	20	23	29	24	24	39	33	0	0	0
Dividends paid
123	127	128	128	127	125	123	120	118	115	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury shares
-	976	0	0	0	-	-	-	-	553	659	776	805	798	787	797	817	951	926	761	784	286	217	224	223	231	291	274	175	125	119	183	181	240	258	250	195	148	0	0	0
Other
-12	-27	-29	-24	-24	-31	-30	-30	-30	-29	-26	-26	-20	-22	-78	-74	-74	-33	31	29	14	-1	-1	-1	-0	-0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-4,112	-4,091	-3,808	254	-1,487	-1,217	775	2,062	3,554	4,004	3,235	2,154	1,610	2,637	2,850	2,738	2,794	1,718	2,944	3,326	3,296	3,516	1,797	765	259	704	810	1,252	2,254	2,209	894	768	223	109	127	-79	-300	-715	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-7	3	-9	0	-7	-12	-1	2	6	10	17	11	10	14	0	-3	-2	-25	-31	-30	-29	-15	-11	-5	-12	-11	-6	-2	0	5	8	-4	-1	-2	-4	0	-1	-2	0	0	0
Change in cash, cash equivalents and restricted cash
949	-9	1,081	627	-326	-347	122	1,020	2,120	2,346	2,033	877	738	487	523	494	209	90	342	191	53	107	-149	-118	-57	76	17	107	365	677	526	409	98	77	-151	-17	79	-155	0	0	0
Cash effect on adoption of ASC 860 and ASC 810
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81	0	0	0
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid
603	671	711	695	767	719	696	647	605	551	500	462	425	405	374	352	325	311	291	258	251	221	225	242	231	239	234	228	214	215	202	211	225	231	242	241	248	241	0	0	0
Income taxes paid, net
1,094	1,070	269	253	197	234	250	282	383	344	405	389	371	466	421	431	395	304	333	318	260	256	206	190	196	216	205	134	140	137	127	163	126	123	105	86	79	44	0	0	0