Consumer portfolio services inc (CPSS)
CashFlow / TTM
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
Cash flows from operating activities:
Net income

14,459

5,406

10,729

12,089

13,456

14,862

-441

1,025

2,430

3,765

21,181

23,866

26,566

29,300

30,803

32,297

33,562

34,681

33,723

32,655

31,144

29,516

28,028

26,126

23,925

21,005

79,311

76,166

72,681

69,408

4,815

-1,959

-9,742

-14,460

0

0

0

Accretion of deferred acquisition fees and origination costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of deferred acquisition fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,661

19,817

17,942

16,213

-17,815

-19,178

-20,154

-20,565

-20,130

-19,097

-17,643

-15,957

0

0

0

-

-

-

-

Accretion of deferred acquisition fees and origination costs

1,604

1,757

1,910

2,163

2,419

2,655

2,805

2,597

2,106

1,305

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net interest income accretion on fair value receivables

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net interest income accretion on fair value receivables

-

-

-

-

-

-

0

0

121

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of deferred acquisition fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accretion of purchase discount on receivables measured at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-527

-790

-774

-1,421

1,881

-79

-867

-4,144

0

0

0

-

-

-

-

Amortization of discount on securitization trust debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

41

57

62

77

95

109

130

653

174

321

600

595

1,498

1,641

1,913

1,371

4,925

5,415

5,772

0

0

0

Amortization of discount on senior secured debt, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

623

934

1,245

1,961

1,992

1,669

2,099

2,124

2,296

2,415

2,498

2,487

2,271

0

0

0

Accretion of premium on debt secured by receivables measured at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,278

-1,660

-1,926

-2,726

-12,210

-11,243

-8,663

-4,579

0

0

0

-

-

-

-

Mark to fair value of receivables at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-27

525

89

-659

-747

4,227

601

4,819

7,113

0

0

0

-

-

-

-

Mark to fair value of receivables measured at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-43

-10

575

595

-4,215

-804

-5,111

-6,634

0

0

0

-

-

-

-

Depreciation and amortization

1,244

1,076

1,035

1,015

1,003

992

988

976

946

934

901

858

830

777

734

703

664

637

560

508

482

428

431

401

388

437

487

516

534

543

578

630

660

672

0

0

0

Amortization of deferred financing costs

8,333

8,281

8,249

8,267

8,362

8,453

8,609

8,684

8,715

8,738

8,734

8,627

8,545

8,389

8,082

7,709

7,347

7,017

6,862

6,820

6,756

6,767

8,983

8,991

7,557

6,803

4,876

5,285

5,407

5,954

5,937

5,055

4,956

4,588

0

0

0

Mark to finance receivables measured at fair value

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses

65,430

85,773

89,402

101,487

116,529

133,080

151,657

167,034

180,053

186,713

186,683

185,609

181,481

178,511

170,966

162,115

153,376

142,618

137,966

127,842

117,787

108,228

100,925

93,858

85,602

76,869

64,222

53,467

43,806

33,495

25,486

20,003

16,652

15,508

0

0

0

Stock-based compensation expense

1,921

2,072

2,195

2,481

2,967

3,515

4,265

5,246

5,507

5,715

5,815

5,580

5,698

5,553

5,419

5,443

5,177

5,024

4,866

4,552

4,160

3,835

3,503

3,503

3,959

3,864

3,272

2,336

1,517

1,134

1,042

1,324

1,452

1,530

0

0

0

Interest income on residual assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92

137

201

296

372

320

236

113

0

868

846

608

410

0

0

0

-

-

-

-

Changes in assets and liabilities:
Interest income on residual assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accrued interest receivable

-12,250

-20,324

-23,503

-21,123

-18,032

-14,784

-5,916

565

7,196

10,520

9,070

3,354

1,264

4,686

1,271

5,519

6,121

8,175

10,207

8,579

7,039

4,702

6,454

6,595

6,855

8,259

11,101

7,321

4,118

3,979

-3,560

-1,916

-1,101

-267

0

0

0

Deferred tax assets, net

5,563

-3,708

-12,561

-14,311

-14,021

-13,258

-18,966

-13,768

-10,737

-10,399

4,455

4,848

5,496

5,248

-976

-1,867

-2,804

-5,250

-2,414

-9,333

-13,809

-16,368

-19,579

-18,421

-21,484

-16,425

0

0

0

-

-

-

-

-

-

-

-

Other assets

-11,823

-7,464

-1,439

2,437

9,080

4,161

3,315

2,859

-3,886

-5,361

328

4,599

7,364

8,739

5,891

1,428

846

-3,237

-5,796

-3,064

-4,189

1,925

4,083

498

1,649

2,183

-7,655

-4,683

-6,147

-5,625

6,936

3,567

3,747

4,146

0

0

0

Accounts payable and accrued expenses

1,261

-7,351

-134

5,588

-1,006

2,605

3,562

1,609

9,349

3,238

-4,333

-13,337

-9,202

-4,564

3,105

14,543

9,626

6,250

2,030

-5,841

-7,156

-7,135

-4,594

931

94

4,337

5,503

-14

-751

-6,002

-3,703

-1,716

674

2,779

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

198,265

-

172,890

157,434

149,488

135,827

129,194

126,283

114,482

99,372

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by operating activities

222,334

216,784

227,568

227,328

211,511

216,205

206,022

202,258

216,654

215,648

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,017

18,436

11,775

10,797

0

0

0

Cash flows from investing activities:
Originations of finance receivables held for investment

-

-

-

-

-

-

-

-

629,427

859,069

883,570

920,919

1,006,127

1,088,785

1,142,702

1,188,159

1,138,948

1,060,538

0

0

0

-

852,329

781,455

773,850

764,087

743,161

677,840

611,963

551,742

0

0

0

-

-

-

-

Purchases of finance receivables held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Payments received on finance receivables held for investment

-441,727

-481,289

-514,406

-541,915

-575,919

-605,353

-630,062

-639,945

-643,154

-647,619

-647,762

-657,038

-657,905

-650,379

-639,120

-613,830

-590,284

-551,880

-512,921

-481,398

-452,000

-433,870

-408,228

-387,168

-358,834

-337,095

-322,401

-308,366

-297,035

-295,734

-289,920

-303,403

-309,339

-322,273

0

0

0

Purchases of finance receivables measured at fair value

1,024,723

1,004,194

1,011,863

978,964

947,092

914,949

659,641

430,611

212,610

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments received on finance receivables at fair value

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments received on finance receivables at fair value

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on receivables portfolio at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

58

128

303

720

1,603

2,981

5,335

8,379

13,122

18,585

25,433

34,162

46,018

58,601

72,930

89,844

111,363

0

0

0

-

-

-

-

Proceeds received on residual interest in securitizations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,158

1,611

2,222

3,173

3,970

0

0

0

-

-

-

-

-

-

-

-

Change in repossessions held in inventory

-2,629

-1,354

600

-1,137

-1,628

-757

-153

1,304

634

-1,490

-454

-2,276

-947

-1,629

-478

1,568

2,209

2,369

-1,940

-3,579

-2,241

441

3,318

6,295

4,728

4,246

4,036

2,281

2,813

1,237

0

0

0

-

-

-

-

Change in repossessions in inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Change in restricted cash and cash equivalents, net

-

-

-

-

-

-

-

-

-

-

-

0

3,186

-

-90,223

-84,854

-47,440

-69,328

31,992

45,220

25,855

43,098

45,184

32,038

8,203

27,839

22,210

-4,942

7,850

-54,783

-21,680

-579

421

35,270

0

0

0

Purchase of furniture and equipment

872

751

936

844

1,114

1,077

879

781

669

669

893

1,160

1,095

1,079

933

803

908

1,191

1,213

1,194

1,062

823

890

861

642

477

294

295

364

394

403

437

414

404

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-503,621

-

-570,954

-603,243

-552,609

-541,156

-473,297

-405,826

-391,254

-409,566

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-228,233

-229,354

-262,207

-264,503

-256,080

-242,195

-189,266

-169,757

-181,101

-210,625

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-48,389

-217,065

-161,889

-154,979

0

0

0

Cash flows from financing activities:
Proceeds from issuance of securitization trust debt

1,006,101

1,000,501

959,918

946,680

920,228

855,828

818,398

812,948

836,295

852,615

873,180

966,855

1,074,375

1,197,515

980,650

962,150

879,460

795,000

1,062,500

1,035,500

988,000

923,000

838,500

770,500

773,000

778,000

710,000

652,000

588,500

558,500

0

0

0

-

-

-

-

Proceeds from issuance of subordinated renewable notes

6,481

5,764

2,401

4,381

2,965

3,175

3,516

2,150

3,829

4,083

4,401

4,347

3,057

2,911

1,701

2,024

2,155

1,551

1,326

750

535

579

302

509

683

1,276

3,728

4,408

5,067

4,957

3,064

3,246

3,909

3,646

0

0

0

Proceeds from issuance of senior secured debt, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,800

0

0

0

Payments on subordinated renewable notes

1,145

5,520

3,820

5,844

6,327

2,451

2,797

2,399

2,753

2,466

2,525

3,524

3,133

3,100

2,540

1,749

1,889

1,646

1,627

3,806

4,038

4,488

5,449

5,040

5,656

5,415

4,613

2,939

2,250

2,426

2,419

2,884

3,377

3,233

0

0

0

Net advances of warehouse lines of credit

24,629

-1,300

29,718

1,720

-4,163

23,809

21,363

6,046

1,707

9,309

24,180

-33,614

-50,805

-91,496

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of residual interest financing debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net repayments of warehouse lines of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from (repayments of) warehouse lines of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

2,761

-15,279

-52,097

-20,171

0

0

0

Repayments of residual interest financing debt

-

-

-

-

-

-

-

-

-

-

-

-

-

9,042

3,716

3,819

3,738

3,285

2,195

2,805

3,508

6,769

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Net proceeds from (repayments of) residual interest financing debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,111

-11,789

-15,140

-16,809

-17,556

0

0

0

Repayment of securitization trust debt

1,023,402

966,144

927,599

900,150

891,332

876,094

888,722

865,261

839,432

851,193

843,552

841,475

847,579

834,880

797,488

768,152

708,715

661,960

628,669

586,340

537,840

502,193

464,042

428,242

416,673

382,591

326,485

324,741

288,140

350,981

386,070

381,762

389,526

329,953

0

0

0

Repayment of debt secured by receivables measured at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of financing costs

7,787

8,921

7,671

8,619

9,504

8,039

8,858

7,774

7,875

8,104

7,435

8,855

8,910

9,367

9,083

8,314

8,746

8,637

9,320

9,790

8,400

8,058

0

0

0

-

0

0

0

-

-

-

8,154

6,939

0

0

0

Repayment of debt secured by receivables measured at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

0

-

-

-

-

Repayment of senior secured debt, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-45,182

-45,897

-58,034

-18,852

-17,852

-17,137

-5,600

-11,200

0

0

0

-

-

-

-

Purchase of common stock

0

1,440

2,310

3,487

5,328

5,307

6,247

10,227

10,865

12,346

12,991

9,524

10,419

10,468

11,093

10,476

8,875

5,926

0

0

0

-

-

-

-

0

0

1,138

311

435

696

873

759

523

0

0

0

Exercise of options and warrants

327

352

347

350

81

483

537

827

1,087

1,085

1,551

1,396

1,163

706

382

364

1,406

1,726

1,971

2,754

2,236

3,256

3,742

3,390

3,905

3,297

3,077

2,924

1,942

1,206

0

0

0

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

301,345

-

405,843

449,819

408,756

401,076

333,111

275,385

277,473

319,340

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

3,546

23,292

50,984

35,031

46,620

31,404

-22,810

-23,690

-18,007

-7,017

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,461

192,401

151,501

138,024

0

0

0

Increase in cash and cash equivalents

-2,353

10,722

16,345

-2,144

2,051

5,414

-6,054

8,811

17,546

-1,994

9,516

6,758

2,580

1,314

-9,421

-2,684

-4,011

1,463

7,779

4,010

5,635

-4,253

-10,992

-4,158

701

9,146

13,660

8,344

3,252

2,872

1,089

-6,228

1,387

-6,158

0

0

0

Supplemental disclosure of cash flow information:
Cash paid (received) during the period for:
Interest

101,630

101,812

100,632

98,288

95,597

92,405

89,396

87,065

85,142

83,110

81,048

78,910

75,256

71,077

67,889

59,824

54,122

50,019

46,965

45,566

45,823

45,914

41,591

48,340

46,105

50,663

54,332

57,978

69,537

75,654

86,610

80,051

75,590

69,699

0

0

0

Income taxes

-5,566

-5,156

-10,070

-10,068

401

417

10,418

13,275

9,269

9,319

22,166

32,427

30,932

32,909

16,900

9,019

15,728

13,690

13,951

12,461

6,264

6,520

6,478

3,096

1,548

2,277

2,234

2,089

1,982

1,139

0

0

0

-

-

-

-

Non-cash financing activities:
Right-of-use asset, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred office rent

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use asset, net

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred office rent

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative warrants reclassified from liabilities to common stock upon amendment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-