| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||
Net (loss) income | ||||||||||
168,909 | 109,736 | 78,978 | 16,817 | 47,384 | 98,278 | 73,740 | 69,477 | 60,958 | 49,052 | 33,047 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Loss from discontinued operations, net of income taxes | ||||||||||
0 | 0 | -199 | -2,353 | -23,387 | 6,816 | - | - | - | - | - |
Interest expense related to financing | ||||||||||
3,523 | 11,710 | 0 | 0 | - | - | - | - | - | - | - |
Depreciation and amortization | ||||||||||
41,029 | 41,228 | 39,977 | 34,868 | 33,160 | 27,100 | 13,547 | 5,840 | 4,661 | 3,199 | 2,592 |
Other non-cash interest expense, net | ||||||||||
-4,785 | 17,805 | 7,846 | -30,623 | -35,104 | -27,660 | -18,136 | - | - | - | - |
Goodwill impairment | ||||||||||
10,718 | 0 | 0 | - | - | - | 0 | - | - | - | - |
Other non-cash interest expense, net | ||||||||||
30,299 | 38,549 | 47,437 | - | - | - | - | - | - | - | - |
Non-cash interest expense | ||||||||||
- | - | - | - | - | - | - | 3,268 | 1,833 | 3,682 | 4,080 |
Impairment charge for goodwill and identifiable intangible assets | ||||||||||
- | - | - | - | - | - | - | 10,400 | - | - | - |
Stock-based compensation expense | ||||||||||
12,557 | 12,980 | 10,399 | 12,627 | 22,008 | 17,181 | 12,649 | 8,794 | 7,709 | 6,010 | 4,384 |
Loss on derivative instruments, net | ||||||||||
-5,009 | -10,789 | 3,915 | 7,816 | - | 0 | - | - | - | - | - |
Recognized loss on termination of derivative contract | ||||||||||
- | - | - | - | - | - | 3,630 | 0 | - | - | - |
Gain on repurchase of convertible notes, net | ||||||||||
- | - | - | - | - | - | - | - | - | - | 3,268 |
Deferred income taxes | ||||||||||
22,339 | 16,814 | 28,970 | -52,905 | -16,665 | -48,078 | -28,188 | -7,474 | 1,917 | -646 | 1,872 |
Excess tax benefit from stock-based payment arrangements | ||||||||||
- | - | - | - | - | 11,928 | 5,609 | 4,123 | 5,101 | 3,249 | 729 |
Loss on sale of discontinued operations, net of tax | ||||||||||
- | - | - | - | - | - | - | -2,416 | - | - | - |
Allowance reversals on receivable portfolios, net | ||||||||||
-8,108 | 41,473 | 41,236 | -84,177 | 6,763 | -17,407 | -12,193 | -4,221 | 10,823 | 22,209 | -19,310 |
Changes in operating assets and liabilities | ||||||||||
Deferred court costs and other assets | ||||||||||
-25,379 | 35,626 | 4,101 | 20,364 | 33,430 | 11,282 | 11,697 | -2,893 | -2,179 | 1,390 | 1,668 |
Deferred court costs | ||||||||||
- | - | - | - | - | - | - | - | 6,348 | 6,201 | -2,379 |
Prepaid income tax and income taxes payable | ||||||||||
-25,678 | 24,284 | -26,699 | 25,417 | -29,504 | 22,180 | -468 | 7,060 | 6,495 | -1,782 | 11,204 |
Accounts payable, accrued liabilities and other liabilities | ||||||||||
-62,244 | 15,605 | 1,655 | 2,439 | 43,135 | 9,832 | 11,228 | 4,190 | 3,287 | 3,299 | 3,316 |
Net cash provided by operating activities from continuing operations | ||||||||||
- | - | - | 128,236 | 117,816 | 106,720 | 74,775 | - | - | - | - |
Net cash provided by operating activities from discontinued operations | ||||||||||
- | - | - | 2,096 | -1,667 | 4,824 | - | - | - | - | - |
Net cash provided by operating activities | ||||||||||
244,733 | 186,791 | 123,818 | 130,332 | 116,149 | 111,544 | - | 98,520 | 84,579 | 75,475 | 76,519 |
Investing activities: | ||||||||||
Cash paid for acquisitions, net of cash acquired | ||||||||||
0 | 0 | 96,390 | 675 | 276,575 | 446,165 | 449,024 | 186,731 | - | - | - |
Proceeds from divestiture of business, net of cash divested | ||||||||||
- | - | - | 106,041 | 0 | 0 | - | - | - | - | - |
Purchases of assets held for sale | ||||||||||
- | - | - | 19,874 | 0 | 0 | - | - | - | - | - |
Purchases of receivable portfolios, net of put-backs | ||||||||||
1,035,130 | 1,131,095 | 1,045,829 | 907,413 | 749,760 | 862,997 | 249,562 | 559,259 | 386,850 | 361,957 | 246,330 |
Collections applied to investment in receivable portfolios, net | ||||||||||
757,640 | 809,688 | 709,420 | 659,321 | 635,899 | 633,960 | 546,366 | 406,815 | 301,474 | 217,891 | 168,416 |
Proceeds from put-backs of receivable portfolios | ||||||||||
- | - | - | - | - | - | - | - | 2,852 | 3,981 | 3,375 |
Originations and purchases of receivables secured by tax liens | ||||||||||
- | - | - | - | - | - | 116,960 | 34,036 | - | - | - |
Collections applied to receivables secured by tax liens | ||||||||||
- | - | - | - | - | - | 70,573 | 35,706 | - | - | - |
Purchases of property and equipment | ||||||||||
39,602 | 67,475 | 28,126 | 31,668 | 28,624 | 23,084 | 13,423 | 6,265 | 5,564 | 2,722 | 4,632 |
Proceeds from sale of portfolios | ||||||||||
107,937 | 0 | 0 | - | - | - | - | - | - | - | - |
Payment for derivative instruments, net | ||||||||||
- | - | - | -8,800 | - | - | - | - | - | - | - |
Proceeds from derivative instruments, net | ||||||||||
- | - | - | - | - | 0 | - | - | - | - | - |
Other, net | ||||||||||
-6,822 | 8,634 | -8,794 | -1,994 | 1,233 | 5,102 | 5,210 | 0 | - | - | - |
Net cash used in investing activities from continuing operations | ||||||||||
- | - | - | -183,474 | -420,293 | -703,388 | -217,240 | - | - | - | - |
Net cash provided by investing activities from discontinued operations | ||||||||||
- | - | - | 14,685 | -52,416 | -51,809 | - | - | - | - | - |
Net cash used in investing activities | ||||||||||
-202,333 | -397,516 | -452,131 | -168,789 | -472,709 | -755,197 | - | -343,770 | -88,088 | -142,807 | -79,171 |
Financing activities: | ||||||||||
Payment of loan and debt refinancing costs | ||||||||||
11,586 | 23,286 | 28,972 | 32,338 | 17,995 | 20,101 | 17,207 | 12,359 | 840 | 6,248 | - |
Payment related to debt financing | ||||||||||
- | - | - | 0 | - | - | - | - | - | - | - |
Proceeds from credit facilities | ||||||||||
603,634 | 942,186 | 1,434,480 | 586,016 | 1,084,393 | 1,343,417 | 659,940 | 508,399 | 121,000 | 125,500 | 90,500 |
Repayment of credit facilities | ||||||||||
586,429 | 571,144 | 1,168,069 | 615,857 | 898,086 | 1,184,244 | 630,163 | 289,673 | 143,000 | 58,500 | 68,500 |
Proceeds from senior secured notes | ||||||||||
454,573 | 0 | 325,000 | 442,610 | 332,693 | 288,645 | 151,670 | - | 25,000 | 50,000 | - |
Repayment of senior secured notes | ||||||||||
470,768 | 91,578 | 204,241 | 352,549 | 15,000 | 15,000 | 13,750 | 2,500 | - | - | - |
Proceeds from issuance of convertible and exchangeable senior notes | ||||||||||
100,000 | 172,500 | 150,000 | 0 | 0 | 161,000 | 172,500 | 115,000 | - | - | - |
Repayment of convertible senior notes | ||||||||||
84,600 | 0 | 125,407 | 0 | 0 | - | - | - | - | 42,920 | 22,262 |
Purchases of convertible hedge instruments | ||||||||||
- | - | - | - | - | 33,576 | 32,008 | 22,669 | - | - | - |
Proceeds from sale of warrants | ||||||||||
- | - | - | - | - | - | - | 11,028 | - | - | - |
Repurchase of common stock | ||||||||||
- | - | - | - | 33,185 | 16,815 | 729 | 49,270 | - | - | - |
Proceeds from net settlement of certain call options | ||||||||||
- | - | - | - | - | - | - | - | - | -524 | - |
Proceeds from exercise of stock options | ||||||||||
- | - | - | - | - | - | - | - | 1,263 | 2,118 | 1,175 |
Taxes paid related to net share settlement of equity awards | ||||||||||
- | - | - | - | - | 20,324 | 9,591 | 2,969 | 3,891 | 2,024 | 403 |
Excess tax benefit from stock-based payment arrangements | ||||||||||
- | - | - | - | - | 11,928 | 5,609 | 4,123 | 5,101 | 3,249 | 729 |
Proceeds from other debt | ||||||||||
18,334 | 27,694 | 33,197 | 36,172 | 0 | 0 | - | - | - | - | - |
Proceeds from issuance of securitized notes | ||||||||||
- | - | - | - | - | 134,000 | 0 | 0 | - | - | - |
Repayment of securitized notes | ||||||||||
- | - | - | - | 44,251 | 29,753 | 0 | 0 | - | - | - |
Repayment of preferred equity certificates, net | ||||||||||
- | - | - | - | - | - | -39,743 | 0 | - | - | - |
Repayment of other debt | ||||||||||
25,531 | 42,456 | 8,910 | 15,388 | - | - | - | - | - | - | - |
Payment for the purchase of PECs and noncontrolling interest | ||||||||||
0 | 234,101 | 29,731 | 4,842 | 0 | - | - | - | - | - | - |
Payment of direct and incremental costs relating to Cabot Transaction | ||||||||||
- | - | - | 0 | - | - | - | - | - | - | - |
Other, net | ||||||||||
-17,397 | -13,438 | 870 | -571 | -8,448 | 7,146 | -548 | -4,397 | - | - | - |
Repayment of capital lease obligations | ||||||||||
- | - | - | - | - | - | - | - | 3,982 | 1,850 | 540 |
Net cash (used in) provided by financing activities | ||||||||||
-19,770 | 166,377 | 378,217 | 43,253 | 400,121 | 626,323 | 245,980 | 254,713 | 651 | 69,849 | 699 |
Net increase in cash and cash equivalents | ||||||||||
22,630 | -44,348 | 49,904 | 4,796 | 43,561 | -17,330 | 103,515 | 9,463 | -2,858 | 2,517 | -1,953 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
12,287 | -10,373 | 12,470 | -8,624 | -14,131 | 15,280 | 5,188 | 0 | - | - | - |
Supplemental disclosure of cash information: | ||||||||||
Cash paid for interest | ||||||||||
178,948 | 198,797 | 162,545 | 147,899 | 151,946 | 95,034 | 50,181 | 25,218 | 19,038 | 15,652 | 12,521 |
Cash paid for taxes, net of refunds | ||||||||||
43,973 | 5,734 | 42,378 | 60,071 | 84,101 | 69,948 | 66,759 | 46,297 | 32,125 | 30,125 | 8,243 |
Supplemental schedule of non-cash investing and financing activities: | ||||||||||
Stock consideration for the Cabot Transaction | ||||||||||
0 | 180,559 | 0 | 0 | - | - | - | - | - | - | - |
Conversion of convertible senior notes | ||||||||||
0 | 0 | 28,277 | 0 | 0 | - | - | - | - | - | - |
Property and equipment acquired through finance leases | ||||||||||
5,299 | 3,283 | 3,577 | 55 | 2,220 | 8,341 | 5,011 | 5,287 | 2,949 | 4,317 | 516 |
Allocation of forward flow asset to acquired receivable portfolios | ||||||||||
- | - | - | - | - | - | - | - | - | - | 10,302 |