| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net Income (Loss) Attributable to Parent | ||||||
193,200 | 183,700 | 161,400 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation, Depletion and Amortization | ||||||
88,400 | 97,400 | 93,100 | ||||
Operating lease expense | ||||||
118,300 | - | - | ||||
Stock-based compensation | ||||||
4,700 | 3,800 | 3,800 | ||||
Provision for credit losses | ||||||
1,800 | 2,200 | 600 | ||||
Amortization of debt issuance costs | ||||||
2,000 | 0 | 0 | ||||
Deferred income taxes | ||||||
600 | -2,900 | -21,200 | ||||
Gain on disposal of fixed assets | ||||||
100 | 700 | 500 | ||||
Deferred rent | ||||||
0 | 700 | 1,000 | ||||
Changes in operating assets and liabilities, net of acquisitions: | ||||||
Operating lease payments | ||||||
119,300 | - | - | ||||
Accounts receivable and other assets | ||||||
23,000 | 9,300 | 60,800 | ||||
Accounts payable and accrued expenses | ||||||
4,600 | 3,300 | 23,900 | ||||
Net cash provided by operating activities | ||||||
271,200 | 278,200 | 201,300 | ||||
Investing activities | ||||||
Acquisition of businesses (net of cash acquired) | ||||||
16,700 | 0 | 900 | ||||
Purchases of property, equipment and computer software | ||||||
68,500 | 66,700 | 54,900 | ||||
Proceeds from the sale of property and equipment | ||||||
300 | 600 | 700 | ||||
Net cash used by investing activities | ||||||
-84,900 | -66,100 | -55,100 | ||||
Financing activities | ||||||
Net (decrease) increase in book overdrafts | ||||||
-26,800 | 11,700 | 9,900 | ||||
Proceeds from debt issuance | ||||||
1,305,500 | 0 | 0 | ||||
Payments on long-term debt | ||||||
27,500 | 0 | 0 | ||||
Deferred financing costs | ||||||
25,200 | 0 | 0 | ||||
Payments on finance leases | ||||||
13,700 | 15,900 | 16,900 | ||||
Dividend paid to KAR | ||||||
1,278,000 | 0 | 0 | ||||
Net cash transfers to Parent and affiliates | ||||||
117,800 | 190,900 | 148,800 | ||||
Issuance of common stock under stock plans | ||||||
1,600 | 0 | 0 | ||||
Tax withholding payments for vested RSUs | ||||||
900 | 0 | 0 | ||||
Net cash used by financing activities | ||||||
-182,800 | -195,100 | -155,800 | ||||
Effect of exchange rate changes on cash | ||||||
-4,700 | -1,800 | 900 | ||||
Net increase in cash and cash equivalents | ||||||
-1,200 | 15,200 | -8,700 | ||||
Cash paid for interest, net | ||||||
29,800 | 500 | 500 | ||||
Cash paid for taxes, net | ||||||
71,800 | 65,400 | 56,800 | ||||