v3.20.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net income $ 46,124 $ 100,352 $ 139,343
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 18,992 16,604 14,110
Loss on disposal of property and equipment, net 3,909 179 524
Provision for loan losses 55,677 51,236 46,412
Provision (benefit) for deferred income taxes 1,448 2,090 (42,022)
Changes in operating assets and liabilities:      
Notes receivable (65,672) (63,545) (47,470)
Prepaid expenses and other assets (2,920) 2,704 (7,103)
Inventory (12,788) (32,022) (42,757)
Accounts payable, accrued liabilities and other, and deferred income 25,788 (764) 4,933
Net cash provided by operating activities 70,558 76,834 65,970
Investing activities:      
Purchases of property and equipment (24,475) (32,539) (14,115)
Proceeds from sale of property and equipment 4,880    
Net cash used in investing activities (19,595) (32,539) (14,115)
Financing activities:      
Proceeds from borrowings collateralized by notes receivable 99,671 254,494 203,001
Payments on borrowings collateralized by notes receivable (137,468) (216,023) (195,919)
Proceeds from borrowings under line-of-credit facilities and notes payable 99,292 51,736 36,426
Payments under line-of-credit facilities and notes payable (86,784) (43,066) (34,851)
Payments of debt issuance costs (3,332) (3,010) (3,390)
Gross proceeds from public offering     48,652
Payments of public offering costs     (1,383)
Repurchase and retirement of common stock (835) (4,000)  
Distributions to non-controlling interest (7,350) (9,800) (11,270)
Dividends paid (47,645) (44,841) (40,000)
Net cash (used in) provided by financing activities (84,451) (14,510) 1,266
Net (decrease) increase in cash and cash equivalents and restricted cash (33,488) 29,785 53,121
Cash, cash equivalents and restricted cash at beginning of period 273,134 243,349 190,228
Cash, cash equivalents and restricted cash at end of period 239,646 273,134 243,349
Supplemental schedule of operating cash flow information:      
Interest paid, net of amounts capitalized 34,945 30,260 26,244
Income taxes paid $ 15,567 25,156 $ 41,035
Supplemental schedule of non-cash investing and financing activities:      
Acquisition of inventory, property, and equipment for notes payable   $ 24,258  

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