| 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 | ||||||||||
-185,000 | 140,000 | 434,000 | 217,000 | 188,000 | 147,000 | 443,000 | -540,000 | -439,000 | -97,000 | -260,000 |
Net loss from discontinued operations | ||||||||||
-67,000 | -6,000 | 6,000 | - | - | - | - | - | - | - | - |
Net loss from continuing operations | ||||||||||
-118,000 | 146,000 | 428,000 | - | - | - | - | - | - | - | - |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
169,000 | 164,000 | 166,000 | 202,000 | 201,000 | 190,000 | 176,000 | 173,000 | 186,000 | 197,000 | 194,000 |
Deferred income taxes | ||||||||||
-34,000 | 71,000 | -64,000 | 124,000 | 96,000 | 77,000 | -249,000 | 36,000 | 18,000 | 131,000 | -59,000 |
Impairments | ||||||||||
249,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Amortization of deferred financing costs and debt discount | ||||||||||
10,000 | 15,000 | 16,000 | 16,000 | 18,000 | 17,000 | 12,000 | 15,000 | 18,000 | 30,000 | 29,000 |
Loss on the early extinguishment of debt | ||||||||||
-5,000 | 7,000 | 5,000 | 0 | 48,000 | 24,000 | 14,000 | 24,000 | 36,000 | 0 | 75,000 |
Incremental common stock issued for Convertible Notes | ||||||||||
- | - | - | - | - | - | - | 256,000 | 0 | 0 | - |
De-designation of interest rate hedge | ||||||||||
- | - | - | - | - | - | - | - | -17,000 | 0 | 0 |
Equity in earnings of unconsolidated entities | ||||||||||
18,000 | -4,000 | 18,000 | 12,000 | 16,000 | 9,000 | 26,000 | 62,000 | 26,000 | 30,000 | 24,000 |
Stock-based compensation | ||||||||||
28,000 | 37,000 | 47,000 | 57,000 | 57,000 | 42,000 | 61,000 | 24,000 | 7,000 | - | - |
Mark-to-market adjustments on derivatives | ||||||||||
-39,000 | -4,000 | 4,000 | -4,000 | -18,000 | -29,000 | 4,000 | -17,000 | - | - | - |
Other adjustments to net (loss) income | ||||||||||
3,000 | 0 | 0 | 4,000 | 4,000 | 1,000 | -5,000 | 9,000 | -5,000 | -20,000 | -43,000 |
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions: | ||||||||||
Trade receivables | ||||||||||
-5,000 | -7,000 | 2,000 | 10,000 | 27,000 | -4,000 | 0 | 1,000 | 6,000 | 9,000 | -40,000 |
Relocation receivables | ||||||||||
- | - | - | -31,000 | -17,000 | 29,000 | -55,000 | -55,000 | -8,000 | 27,000 | -442,000 |
Relocation properties held for sale | ||||||||||
- | - | - | - | - | - | - | - | - | -43,000 | -22,000 |
Other assets | ||||||||||
-1,000 | 8,000 | 20,000 | 22,000 | 25,000 | 5,000 | -5,000 | -11,000 | -12,000 | 6,000 | -19,000 |
Accounts payable, accrued expenses and other liabilities | ||||||||||
-11,000 | -43,000 | -4,000 | -17,000 | 8,000 | -53,000 | -14,000 | -128,000 | -23,000 | 30,000 | 26,000 |
Due to former parent | ||||||||||
- | - | - | - | - | -11,000 | -4,000 | -10,000 | -23,000 | -403,000 | -48,000 |
Dividends received from unconsolidated entities | ||||||||||
- | - | 52,000 | 11,000 | 13,000 | 5,000 | 42,000 | 43,000 | 21,000 | 26,000 | - |
Other, net | ||||||||||
-1,000 | 7,000 | 12,000 | 11,000 | 4,000 | -2,000 | 2,000 | 0 | 3,000 | 23,000 | 8,000 |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations, Total | ||||||||||
316,000 | 400,000 | 590,000 | - | - | - | - | - | - | - | - |
Net cash provided by (used in) operating activities from discontinued operations | ||||||||||
55,000 | -6,000 | 77,000 | - | - | - | - | - | - | - | - |
Net Cash Provided by (Used in) Operating Activities, Total | ||||||||||
371,000 | 394,000 | 667,000 | 586,000 | 588,000 | 429,000 | 492,000 | -103,000 | -192,000 | -118,000 | 341,000 |
Investing Activities | ||||||||||
Property and equipment additions | ||||||||||
108,000 | 92,000 | 90,000 | 87,000 | 84,000 | 71,000 | 62,000 | 54,000 | 49,000 | 49,000 | 40,000 |
Payments for acquisitions, net of cash acquired | ||||||||||
1,000 | 1,000 | 18,000 | 95,000 | 127,000 | 215,000 | 32,000 | 3,000 | 6,000 | 17,000 | 5,000 |
Investment in unconsolidated entities | ||||||||||
12,000 | 15,000 | 55,000 | 0 | 0 | - | - | - | - | - | - |
Proceeds from investments in unconsolidated entities | ||||||||||
0 | 19,000 | 11,000 | 0 | 0 | - | - | - | - | - | - |
Net proceeds from sale of assets | ||||||||||
- | - | - | - | - | - | - | - | - | 5,000 | 0 |
Purchases of certificates of deposit, net | ||||||||||
- | - | - | - | - | - | - | - | - | -9,000 | 0 |
Change in restricted cash | ||||||||||
- | - | - | - | - | -4,000 | 5,000 | 2,000 | -6,000 | 0 | 2,000 |
Other, net | ||||||||||
-4,000 | -11,000 | -4,000 | 9,000 | 0 | 16,000 | 3,000 | 7,000 | 0 | 0 | 0 |
Net cash used in investing activities from continuing operations | ||||||||||
-117,000 | -78,000 | -148,000 | - | - | - | - | - | - | - | - |
Net cash used in investing activities from discontinued operations | ||||||||||
-11,000 | -13,000 | 2,000 | - | - | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||
-128,000 | -91,000 | -146,000 | -191,000 | -211,000 | -298,000 | -102,000 | -66,000 | -49,000 | -70,000 | -47,000 |
Financing Activities | ||||||||||
Net change in Revolving Credit Facility | ||||||||||
-80,000 | 200,000 | -130,000 | 0 | 200,000 | 0 | -110,000 | -198,000 | 145,000 | 142,000 | -515,000 |
Payments for refinancing of Term Loan B | ||||||||||
0 | 4,000 | 0 | 758,000 | 0 | 0 | - | - | 299,000 | 0 | 0 |
Proceeds from refinancing of Term Loan A & A-1 | ||||||||||
0 | 17,000 | 0 | 355,000 | 435,000 | 0 | 0 | - | 295,000 | 0 | 0 |
Redemption of First Lien Notes and First and a Half Lien Notes | ||||||||||
- | - | - | - | 789,000 | 0 | 0 | 325,000 | 700,000 | 0 | 0 |
Repurchases of First and a Half Lien Notes | ||||||||||
- | - | - | - | - | 729,000 | 100,000 | 0 | 0 | - | - |
Repayment of Second Lien Loans | ||||||||||
- | - | - | - | - | - | - | 650,000 | 0 | 0 | - |
Proceeds from issuance of Senior Notes | ||||||||||
550,000 | 0 | 0 | 750,000 | 0 | 750,000 | 500,000 | 0 | 0 | - | - |
Repayments of Unsecured Debt | ||||||||||
533,000 | 0 | 0 | 500,000 | 0 | 0 | 821,000 | 105,000 | 0 | - | - |
Proceeds from issuance of Term Loan A-1Facility | ||||||||||
- | - | - | - | - | 0 | - | 593,000 | 0 | 0 | 500,000 |
Proceeds from amended Term Loan B Facility | ||||||||||
- | - | - | - | - | - | 79,000 | 0 | 98,000 | 0 | 0 |
Amortization payments on term loan facilities | ||||||||||
30,000 | 25,000 | 42,000 | 41,000 | 19,000 | 19,000 | 15,000 | 640,000 | 706,000 | 32,000 | 32,000 |
Net change in securitization obligations | ||||||||||
- | - | - | -40,000 | -21,000 | 17,000 | -9,000 | -67,000 | 0 | 27,000 | -410,000 |
Debt issuance costs | ||||||||||
9,000 | 16,000 | 6,000 | 16,000 | 10,000 | 44,000 | 28,000 | 17,000 | 35,000 | 0 | 11,000 |
Cash paid for fees associated with early extinguishment of debt | ||||||||||
5,000 | 0 | 1,000 | 0 | 39,000 | - | - | - | - | - | - |
Repurchase of common stock | ||||||||||
20,000 | 402,000 | 280,000 | 195,000 | 0 | 0 | - | - | - | - | - |
Dividends paid on common stock | ||||||||||
31,000 | 45,000 | 49,000 | 26,000 | 0 | 0 | - | - | - | - | - |
Proceeds from exercise of stock options | ||||||||||
0 | 1,000 | 8,000 | 2,000 | 5,000 | 6,000 | 5,000 | 0 | 0 | 0 | - |
Taxes paid related to net share settlement for stock-based compensation | ||||||||||
6,000 | 10,000 | 11,000 | 6,000 | 6,000 | 6,000 | 22,000 | 7,000 | 0 | - | - |
Payments of contingent consideration related to acquisitions | ||||||||||
3,000 | 22,000 | 22,000 | 25,000 | 7,000 | 4,000 | - | - | - | - | - |
Proceeds from issuance of common stock | ||||||||||
- | - | - | - | - | - | - | 1,176,000 | 0 | - | - |
Other, net | ||||||||||
-25,000 | -25,000 | -30,000 | -34,000 | -24,000 | -23,000 | -31,000 | -16,000 | -6,000 | -13,000 | -11,000 |
Net cash provided by financing activities from continuing operations | ||||||||||
-192,000 | -331,000 | -563,000 | - | - | - | - | - | - | - | - |
Net cash used in financing activities from discontinued operations | ||||||||||
-23,000 | 34,000 | -7,000 | - | - | - | - | - | - | - | - |
Net cash provided by financing activities | ||||||||||
-215,000 | -297,000 | -570,000 | -534,000 | -275,000 | -52,000 | -530,000 | 401,000 | 192,000 | 124,000 | -479,000 |
Effect of changes in exchange rates on cash, cash equivalents and restricted cash | ||||||||||
0 | -2,000 | 2,000 | -3,000 | -2,000 | -2,000 | 0 | 1,000 | 0 | 1,000 | 3,000 |
Net increase in cash, cash equivalents and restricted cash | ||||||||||
28,000 | 4,000 | -47,000 | -142,000 | 100,000 | 77,000 | -140,000 | 233,000 | -49,000 | -63,000 | -182,000 |
Supplemental Disclosure of Cash Flow Information | ||||||||||
Interest payments for continuing operations | ||||||||||
201,000 | 176,000 | 165,000 | 181,000 | 244,000 | 249,000 | 312,000 | 571,000 | 608,000 | 550,000 | 487,000 |
Income tax payments for continuing operations, net | ||||||||||
-3,000 | 6,000 | 11,000 | 24,000 | 17,000 | 10,000 | 16,000 | 7,000 | 3,000 | 7,000 | 6,000 |
Payments to Acquire Retained Interest in Securitized Receivables | ||||||||||
- | - | - | 6,000 | 6,000 | 6,000 | 7,000 | - | - | - | - |