|
Net income
|
|
($32.4m)
|
($75.2m)
|
($38.1m)
|
$7.1m
|
$78.5m
|
$133.1m
|
|
Depreciation and amortization
|
|
$428k
|
$749k
|
$847k
|
$856k
|
$965k
|
$1.4m
|
|
Amortization of debt issuance costs
|
|
$417k
|
$690k
|
$984k
|
$732k
|
$526k
|
$532k
|
|
Deferred income taxes
|
|
—
|
—
|
—
|
$0
|
($16.9m)
|
$3.3m
|
|
Impairment losses on long-lived assets
|
|
$8k
|
$5k
|
$40k
|
$42k
|
$48k
|
$68k
|
|
Loss on extinguishment of line of credit
|
|
$0
|
$1.1m
|
$814k
|
$0
|
$260k
|
$0
|
|
Operating leases
|
|
($25k)
|
($20k)
|
$16k
|
$52k
|
$74k
|
$40k
|
|
Provision for credit losses
|
|
$19.6m
|
$52.6m
|
$29.4m
|
$23.2m
|
$55.0m
|
$89.3m
|
|
Provision for other credit losses
|
|
$2.7m
|
$7.3m
|
$9.3m
|
$3.4m
|
$10.6m
|
$33.5m
|
|
Discount on notes receivable
|
|
—
|
—
|
—
|
—
|
$460k
|
($735k)
|
|
Equity based compensation and restricted stock vested
|
|
$7.0m
|
$14.2m
|
$10.3m
|
$6.9m
|
$5.2m
|
$6.5m
|
|
Fair value adjustment on warrants
|
|
—
|
$0
|
($50k)
|
$456k
|
$1.3m
|
$0
|
|
Gain on sale of fixed assets
|
|
—
|
$0
|
$80k
|
$26k
|
($55k)
|
($21k)
|
|
Other receivables
|
|
($3.8m)
|
($11.0m)
|
($6.7m)
|
($2.4m)
|
($12.7m)
|
($36.0m)
|
|
Prepaid expenses and other assets
|
|
($796k)
|
($1.9m)
|
($1.4m)
|
($1.2m)
|
($5.0m)
|
($6.8m)
|
|
Merchant accounts payable
|
|
$47.5m
|
$35.7m
|
($12.9m)
|
($9.1m)
|
($4.3m)
|
($13.0m)
|
|
Other payables
|
|
$85k
|
$2.1m
|
$1.3m
|
$1.1m
|
$2.0m
|
($572k)
|
|
Accrued and other liabilities
|
|
$9.5m
|
$7.4m
|
$2.5m
|
$1.4m
|
$13.1m
|
($1.8m)
|
|
Deferred revenue
|
|
—
|
$0
|
$1.5m
|
$1.1m
|
$1.6m
|
$1.2m
|
|
Purchases and originations of notes receivable, net of proceeds from repayments
|
|
—
|
—
|
—
|
—
|
($89.7m)
|
($178.9m)
|
|
Purchase of property and equipment
|
|
($411k)
|
($686k)
|
($52k)
|
($82k)
|
($70k)
|
($655k)
|
|
Internally developed intangible asset additions
|
|
($322k)
|
($734k)
|
($956k)
|
($1.3m)
|
($1.4m)
|
($2.0m)
|
|
Proceeds from line of credit
|
|
$85.7m
|
$174.7m
|
$71.2m
|
$54.8m
|
$107.4m
|
$180.9m
|
|
Payments to line of credit
|
|
($67.1m)
|
($135.9m)
|
($85.0m)
|
($24.8m)
|
($97.4m)
|
($144.6m)
|
|
Proceeds from stock option exercises
|
|
$428k
|
$766k
|
$100k
|
$27k
|
$3.9m
|
$3.7m
|
|
Stock subscriptions collected related to stock option exercises
|
|
$8k
|
$247k
|
$324k
|
$0
|
$39k
|
$44k
|
|
Proceeds from warrant exercises
|
|
—
|
—
|
—
|
$0
|
$401k
|
$0
|
|
Conversion of accrued profit-sharing incentive plan liabilities to stockholders' equity
|
|
—
|
—
|
—
|
—
|
$0
|
$2.3m
|
|
Conversion of warrant liabilities to stockholders' equity
|
|
—
|
—
|
—
|
$0
|
$2.2m
|
$0
|
|
Net Cash Provided from Operating Activities
|
|
($24.8m)
|
($72.1m)
|
$8.5m
|
($25.7m)
|
$40.9m
|
$209.9m
|
|
Net Cash Used for Investing Activities
|
|
($733k)
|
($1.4m)
|
($1.0m)
|
($1.4m)
|
($1.5m)
|
($181.6m)
|
|
Payments of debt issuance costs
|
|
$0
|
($1.7m)
|
($1.3m)
|
($129k)
|
($1.1m)
|
($792k)
|
|
Repurchase of common stock
|
|
($611k)
|
($2.7m)
|
($381k)
|
($1.7m)
|
($23.6m)
|
($64.7m)
|
|
Net Cash Used for Financing Activities
|
|
$77.6m
|
$63.2m
|
($15.7m)
|
$28.2m
|
($10.4m)
|
($25.4m)
|
|
Effect of exchange rate changes on cash
|
|
$455k
|
$98k
|
($1.2m)
|
$17k
|
($1.5m)
|
$1.4m
|
|
Net increase in cash, cash equivalents, and restricted cash
|
|
$52.0m
|
($10.3m)
|
($8.2m)
|
$1.2m
|
$29.1m
|
$2.9m
|
|
Cash, cash equivalents, and restricted cash, beginning of period
|
|
$89.1m
|
$78.9m
|
$69.5m
|
$70.7m
|
$98.3m
|
$102.6m
|
|
Interest paid
|
|
$3.8m
|
$4.8m
|
$7.8m
|
$16.4m
|
$14.0m
|
$15.3m
|
|
Federal income taxes paid
|
|
$8k
|
$56k
|
$65k
|
$452k
|
$4.8m
|
$21.0m
|
|
State income taxes paid
|
|
$8k
|
$56k
|
$65k
|
$452k
|
$4.8m
|
$6.6m
|
|
Foreign income taxes paid
|
|
$8k
|
$56k
|
$65k
|
$452k
|
$4.8m
|
$385k
|
|
Total income taxes paid
|
|
$8k
|
$56k
|
$65k
|
$452k
|
$4.8m
|
$28.1m
|