Atlanticus holdings corp (ATLC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Gain on buy-out of equity-method investee members

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

619

Other Noncash Income (Expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,644

0

4

-291

-

-

-

-

Operating activities
Net income

5,362

2,353

13,020

5,182

5,655

22,926

-16,170

5,575

-4,719

-18,350

-14,468

-8,781

727

-2,101

-9,065

273

4,552

-2,085

429

1,396

1,966

35,374

-5,846

-11,178

-11,023

3,997

-8,885

-9,790

-2,987

1,670

32,924

-5,956

-4,506

3,131

1,422

100,758

29,753

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of rental merchandise

-

-

-

-

-

-

-

-

-

-

-

0

27

101

458

1,335

3,379

7,095

9,847

9,370

12,253

12,084

10,318

15,735

25,011

11,509

4,637

0

0

-

-

-

-

-

-

-

-

Depreciation, amortization and accretion, net

1,962

1,957

1,961

2,006

1,769

289

234

235

229

232

236

243

310

327

336

764

777

483

461

527

529

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Losses upon impairment of loans, interest and fees receivable recorded at fair value

266

182

190

271

254

-1,847

1,957

-1,352

1,791

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for losses on loans, interest and fees receivable

67,336

99,844

65,527

48,414

34,598

35,073

32,798

16,476

15,991

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, amortization and accretion, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

902

774

-131

493

404

351

305

381

1,463

326

404

489

877

2,053

2,768

Losses upon charge off of loans and fees receivable recorded at fair value

-

-

-

-

-

-

-

-

-

-

-

1,231

1,093

1,463

1,286

1,679

1,682

1,076

3,314

1,311

1,739

2,537

2,927

3,971

4,748

5,363

6,489

7,512

8,479

8,435

8,790

17,275

55,628

22,271

28,019

36,342

52,848

Provision for losses on loans and fees receivable

-

-

-

-

-

-

-

-

-

-

-

15,744

10,653

20,709

17,470

10,811

4,731

8,603

8,876

5,961

3,168

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for losses on loans and fees receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,731

7,875

9,045

10,681

6,670

3,282

2,941

6,338

7,183

2,881

3,026

4,975

1,977

10,598

Interest expense from accretion of discount on notes

143

141

207

237

233

229

224

221

216

-44

209

205

178

130

127

131

127

124

122

119

116

151

165

163

158

155

152

148

145

141

138

896

1,253

1,330

1,535

1,742

1,835

Income from accretion of merchant fees and discount associated with receivables purchases

35,763

36,122

31,814

26,454

21,862

20,072

18,764

18,661

18,020

17,158

16,236

13,462

12,263

11,291

10,795

10,257

9,610

11,127

10,736

9,539

9,375

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized losses (gains) on loans, interest and fees receivable and underlying notes payable held at fair value

-14,925

584

701

823

874

-1,422

2,679

1,625

1,313

1,267

1,412

1,823

1,269

2,429

-1,598

1,466

3,063

1,649

3,448

1,561

869

119

2,564

824

3,535

10,927

5,761

7,372

2,118

1,598

273

10,869

46,612

7,321

17,108

17,890

48,659

Amortization of deferred loan costs

-1,326

-1,247

-854

-721

-696

-997

-422

-319

-390

-239

-282

-220

-126

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Losses (income) from equity-method investments

-66

265

284

225

227

90

-49

531

9

256

164

404

334

194

629

325

1,002

567

431

707

1,075

1,800

1,936

841

2,406

1,093

2,080

957

4,307

-624

356

3,539

6,017

3,900

6,630

3,823

18,304

Income from accretion of discount associated with receivables purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,229

8,209

8,186

7,802

7,107

6,812

6,528

40,185

-7,861

-8,889

-

-

-

-

Deferred stock-based compensation costs

368

432

840

28

412

615

251

203

254

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

123

186

469

1,682

Lease liability payments

2,540

2,540

2,541

2,507

2,492

-

2,487

2,443

2,523

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-103

-63

-192

Gains (Losses) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

138

201

268

Changes in assets and liabilities:
Increase in uncollected fees on earning assets

13,206

374

-968

-1,336

165

2,010

3,779

2,163

802

1,810

-14,200

1,011

983

1,905

905

1,953

-76

1,969

599

378

16

-2,417

-594

-132

11

579

1,592

577

-282

-12

-187

-2,202

-16,997

2,755

2,995

3,882

2,985

Decrease in JRAS auto loans receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,103

-2,867

-3,286

-4,549

Decrease in deferred costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

(Decrease) increase in income tax liability

1,206

-196

3,477

2,204

48

537

-4,739

-5,011

333

-2,553

-44

-4,478

438

-1,931

-4,670

213

-64

1,571

-942

764

-674

-38,229

935

679

1,910

-7,473

1,456

459

281

-1,557

1,408

635

251

-3,942

151

2,094

-2,206

Decrease (increase) in deposits

-2

0

0

-21

1

-363

205

12

20

-54

1

0

-200

-25

-8

-82

-205

-162

6

-45

-563

-425

-388

479

15

-4,404

-9,885

-214

14

-

-

-

-

-

-

-

-

Decrease (increase) in prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-427

387

-21

104

-4,414

-5,277

105

-109

-943

-453

-7,602

-3

(Decrease) increase in accounts payable and accrued expenses

-6,605

-35,432

-10,826

-20,172

13,710

-7,184

1,176

2,397

-1,800

490

-113

18,429

3,530

12,881

16,933

5,219

6,403

7,521

4,716

3,859

-3,344

6,900

-305

-5,274

-6,228

4,720

8,318

3,085

-6,643

1,586

-4,241

632

-1,478

-18,677

18,592

-3,952

-623

Additions to rental merchandise

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2

90

546

2,531

7,071

11,018

8,433

13,994

11,504

4,765

18,210

23,383

21,613

0

0

-

-

-

-

-

-

-

-

Other

-99

913

5,247

495

1,769

-5,806

592

-27,262

235

3,991

15,916

-1,902

9

1,361

176

1,422

-1,123

-1,327

1,495

1,184

5,720

-1,541

-2,272

-2,330

3,426

-4,698

-284

371

-3,554

-4,141

1,606

-2,506

-451

-3,838

2,576

-4,507

2,209

Net cash provided by operating activities

34,947

29,730

30,504

9,744

29,985

44,507

-12,304

20,890

-10,237

-14,455

-22,427

8,015

2,397

14,310

11,978

3,957

8,770

8,034

3,037

-1,035

-9,172

-2,118

-4,049

-1,075

-13,492

-6,671

-5,973

-7,555

-6,657

-210

-10,890

3,321

10,763

-9,431

35,063

29,786

28,355

Investing activities
(Increase) decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-617

361

-1,261

-2,352

-909

4,631

-856

-5,033

-119

3,804

-4,372

4,579

-89

3,910

1,079

1,048

-9

-3,797

-3,802

-2,003

-1,403

-4,079

-11,035

2,765

Proceeds from equity-method investee

285

333

312

432

443

466

546

645

692

757

823

993

1,066

1,152

1,297

1,499

1,600

1,761

2,015

2,243

2,471

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Equity Method Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,354

0

0

0

34,336

Proceeds from equity-method investees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,873

2,459

3,407

5,128

2,666

4,545

3,498

4,268

4,918

11,124

5,830

6,693

6,858

4,002

Investments in earning assets

276,219

338,072

327,415

268,342

164,935

178,082

150,508

153,623

125,768

131,076

124,141

112,478

99,045

94,558

95,631

113,982

77,041

68,020

75,623

66,832

60,586

57,714

60,027

53,220

47,695

57,581

52,232

43,933

43,157

30,624

45,366

71,973

49,367

48,978

174,165

152,225

235,863

Proceeds from earning assets

231,298

193,929

178,940

149,582

141,354

119,549

119,267

117,517

116,164

101,115

96,671

91,432

93,961

73,698

78,145

70,757

73,704

67,977

70,451

64,652

72,745

58,426

62,764

59,775

62,842

62,755

59,541

57,894

63,867

67,832

62,950

77,589

89,638

88,600

205,640

188,135

370,044

Investments in subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,514

2,013

0

0

0

Net cash associated with newly acquired consolidated subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1,756

2,781

Purchases and development of property, net of disposals

99

54

102

46

48

1,190

50

122

21

166

150

57

22

105

67

137

40

49

219

257

359

466

419

1,204

1,979

1,447

678

1,096

266

277

770

425

714

151

274

583

533

Net cash used in investing activities

-44,735

-143,864

-148,265

-118,374

-23,186

-59,257

-30,745

-35,583

-8,933

-29,370

-26,797

-20,110

-4,040

-19,196

-16,617

-40,602

575

2,578

-8,007

662

19,304

3,567

989

13,596

11,048

7,223

7,849

10,702

23,941

43,600

123,908

13,911

47,816

89,296

41,973

198,913

103,330

Financing activities
Proceeds from issuance of preferred units

50,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred dividends

1,497

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interests contributions, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4

-

-

-

-

-

-

-

-145

0

0

0

26

-

-

-

-

-

-

-

-

Payments of Distributions to Affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

6

50

82

18

1,065

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interests contributions, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-63

0

0

-600

Purchase of outstanding stock subject to tender offer

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

82,304

0

196

-

-

-

-

Purchase and retirement of outstanding stock

559

667

1,591

238

21

6

676

27

14

103

268

0

18

80

124

374

371

81

55

69

54

205

21

4

27

233

297

422

444

-

-

-

-

1,674

607

331

776

Purchases of noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

25

4,042

Proceeds from borrowings

61,074

345,474

178,165

260,040

89,661

294,478

94,249

153,778

89,538

81,052

102,724

76,460

64,761

85,519

72,210

58,314

26,345

34,283

41,812

65,670

23,132

51,149

36,074

5,324

22,998

12,794

14,989

8,916

12,282

2,702

3,213

15,000

365

23,765

0

0

9,697

Repayment of borrowings

72,687

255,486

91,789

171,938

73,105

197,908

69,776

127,943

73,996

63,559

59,317

55,852

61,248

62,739

38,913

39,083

37,249

31,834

44,414

50,986

40,974

49,981

27,119

32,345

24,100

22,486

18,960

21,878

25,002

26,069

37,309

126,022

58,583

74,161

93,861

102,446

109,820

Net cash provided by financing activities

36,337

178,371

84,867

87,882

17,600

96,582

23,829

25,808

15,528

17,390

43,139

20,615

3,495

22,700

33,173

18,857

-11,271

2,360

-2,653

14,619

-17,898

963

8,936

-27,025

-1,274

-9,925

-4,268

-13,384

-13,138

-23,367

-116,596

-111,022

-58,414

-52,007

-94,468

-207,802

-104,341

Effect of exchange rate changes on cash

-42

44

-87

-391

80

517

152

704

-362

-148

0

263

50

-482

-260

-621

-252

-175

-469

687

-764

-674

-610

292

-22

412

1,269

-114

-753

-33

221

-233

227

-90

-208

23

1,171

Net increase in cash and cash equivalents

26,507

64,281

-32,981

-21,139

24,479

82,349

-19,068

11,819

-4,004

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

8,783

1,902

17,332

28,274

-18,409

-2,178

12,797

-8,092

14,933

-8,530

1,738

5,266

-14,212

-3,740

-8,961

-1,123

-10,351

3,393

19,990

-3,357

-94,023

392

27,768

-17,640

20,920

28,515

Supplemental cash flow information
Cash paid for interest

13,542

11,760

13,652

16,996

3,894

7,939

9,822

6,988

8,718

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash income tax payments

79

-217

1

46

190

66

4,860

13

-189

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrestricted cash included in assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

886

7,344

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

4,644

6,698

4,091

6,181

3,315

5,894

3,117

5,864

3,032

5,909

4,262

1,557

10,468

8,134

4,032

7,889

3,634

7,653

3,363

9,331

5,873

10,392

18,234

0

8,770

11,079

Net cash income tax (refunds) payments

-

-

-

-

-

-

-

-

-

-

-

35

180

-273

5

443

262

340

40

675

62

2

5

-6

72

9

-14

3

165

-3

9

-46

89

1,096

0

10,215

-4,832

Issuance of stock options and restricted stock

-

-

-

-

-

-

-

-

-

-

222

137

1,005

0

600

161

1,549

23

228

47

234

0

0

0

931

990

0

217

305

332

0

0

227

-

-

-

-

Notes payable associated with capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

158

3

4

4

144

-36

-50

-37

305

0

0

0

0