Q1 has historically been RAD's best quarter for generating operating cash flow. A while back I posted that I felt RAD would put as much new debt on the revolver that it believed could pay back near-term. At the end of FY13, the balance on the revolver was $665M and the total debt balance was $6.033B. I also predicted a while back that RAD would lower its debt balance to below $5.7B in Q1FY14. I still believe that that will happen.