In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| 10-K | 10-K | 10-K | 10-K | 10-K |
OPERATING ACTIVITIES: | | | | | |
Net Earnings (Loss) | 98.7 | 243.6 | -61.5 | 31.5 | 196.2 |
Adjustments to Reconcile Net Earnings (Loss) to Cash from Operating Activities: | | | | | |
Depreciation of Lease Merchandise | 1,757.7 | 1,820.0 | 2,163.4 | 1,972.4 | 1,727.9 |
Other Depreciation and Amortization | 33.9 | 33.3 | 93.8 | 105.1 | 94.2 |
Provisions for Accounts Receivable and Loan Losses | 417.5 | 242.4 | 288.2 | | |
Stock based compensation expense | 17.5 | 21.3 | 41.2 | 26.5 | 28.2 |
Deferred Income Taxes | -9.2 | 15.7 | -141.4 | 50.0 | 48.4 |
Impairment of Goodwill and Other Assets | 10.2 | | 470.7 | 30.3 | |
Non-Cash Lease Expense | -1.7 | 1.0 | 92.3 | 114.9 | |
Other Changes, Net | -7.2 | -7.6 | 9.2 | -9.9 | -2.2 |
Changes in Operating Assets and Liabilities, Net of Effects of Acquisitions and Dispositions: | | | | | |
Additions to Lease Merchandise | -1,889.2 | -2,054.5 | -2,351.1 | -2,484.8 | -2,234.6 |
Book Value of Lease Merchandise Sold or Disposed | 197.5 | 130.7 | 317.8 | 402.0 | 398.7 |
Accounts Receivable | -374.5 | -229.7 | -250.2 | -331.6 | -270.9 |
Prepaid Expenses and Other Assets | 0.1 | -7.9 | 7.8 | -25.9 | 5.9 |
Income Tax Receivable and Payable | -6.0 | -29.8 | 17.1 | 10.5 | 70.9 |
Operating Lease Right-of-Use Assets and Liabilities | 3.0 | -2.0 | -109.4 | -124.4 | |
Accounts Payable and Accrued Expenses | 2.2 | 70.8 | 39.7 | 20.2 | -20.4 |
Accrued Regulatory Expense | | | -175.0 | | |
Customer Deposits and Advance Payments | -8.0 | -1.5 | 3.4 | 10.8 | 5.0 |
Cash Provided by Operating Activities | 242.5 | 246.0 | 456.0 | 317.2 | 356.5 |
|
INVESTING ACTIVITIES: | | | | | |
Investments in Loans Receivable | -203.6 | -182.2 | -112.6 | -70.3 | -64.9 |
Proceeds from Loans Receivable | 159.7 | 132.3 | 69.4 | 53.2 | 57.3 |
Outflows on Purchases of Property and Equipment | -9.7 | -9.6 | -64.3 | -93.0 | -78.8 |
Proceeds from Property and Equipment | 0.0 | 0.1 | 7.5 | 14.1 | 9.2 |
Proceeds (Outflows) from Acquisitions of Businesses and Customer Agreements | 0.0 | -22.8 | -14.8 | | |
Proceeds from Dispositions of Businesses and Customer Agreements | | | 0.4 | | |
Cash Used in Investing Activities | -53.5 | -82.2 | -114.5 | -106.3 | -263.1 |
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FINANCING ACTIVITIES: | | | | | |
(Repayments) Borrowings on Revolving Facility, Net | | 541.8 | 50.0 | -16.0 | 137.5 |
Proceeds from Debt | | 591.8 | 5.6 | | |
Repayments on Debt | | | -347.6 | -68.5 | -97.6 |
Acquisition of Treasury Stock | -223.6 | -142.4 | | -69.3 | -168.7 |
Tender Offer Stock Repurchased and Retired | -0.3 | -428.6 | | | |
Dividends Paid | | | -13.8 | -9.4 | -6.2 |
Issuance of Stock Under Stock Option Plans | 1.2 | 4.6 | 12.4 | 7.7 | 8.0 |
Shares Withheld for Tax Payments | -2.9 | -5.1 | -11.7 | -13.0 | -17.3 |
Debt Issuance Costs | -1.6 | -0.6 | -3.2 | 0.0 | -0.5 |
Transfer of Cash to The Aaron's Company | | | -54.2 | | |
Cash Used in Financing Activities | -227.2 | -30.3 | -362.6 | -168.6 | -129.0 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | | | 0.0 | | |
(Decrease) Increase in Cash and Cash Equivalents | -38.3 | 133.5 | -21.1 | | |
|
Net Cash Paid During the Year: | | | | | |
Interest Expense | 35.7 | 1.5 | 10.4 | 16.5 | 16.2 |
Income Taxes | 62.2 | 53.6 | 29.0 | -0.7 | -63.8 |