Elevate credit, inc. (ELVT)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income

13,914

32,183

28,026

19,028

16,384

12,509

-3,817

1,007

899

-6,916

856

-15,981

-26,497

-22,373

0

0

0

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization

17,911

17,380

16,761

15,901

14,539

12,988

11,782

10,948

10,379

10,272

10,280

10,401

10,881

10,906

0

0

0

Provision for loan losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

383,224

366,923

357,574

351,609

346,688

341,525

317,821

0

0

0

Share-based compensation

10,280

9,940

9,500

9,497

9,031

8,233

7,887

7,178

7,253

6,318

5,114

4,081

2,243

1,707

0

0

0

Amortization of debt issuance costs

594

600

551

463

454

371

370

407

527

500

473

438

299

300

0

0

0

Amortization of loan premium

5,968

5,998

6,071

6,175

6,249

6,200

6,010

5,832

5,636

5,360

4,941

4,243

3,489

2,700

0

0

0

Amortization of Debt Discount (Premium)

-

-

-

-

-

138

534

904

3,040

3,637

3,689

3,319

1,183

448

0

0

0

Amortization of derivative assets

0

108

436

761

1,084

1,259

931

606

283

0

0

0

0

-

-

-

-

Amortization of operating leases

-240

4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense, net

6,262

11,583

9,290

4,663

2,709

1,148

15,853

15,185

13,146

9,729

-5,289

-3,961

-8,239

-3,386

0

0

0

Unrealized loss from foreign currency transactions

-1,091

334

-1,576

-1,031

-1,552

-1,409

-720

141

3,088

2,900

285

-1,794

-6,982

-8,809

0

0

0

Goodwill, Impairment Loss

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Non-operating loss

-4,944

-681

-1,007

-312

-312

-350

-150

-256

2,390

2,295

0

0

0

-

-

-

-

Non-operating expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Changes in operating assets and liabilities:
Prepaid expenses and other assets

846

25

-662

-166

-869

1,374

5,335

5,046

5,127

4,803

-1,493

-2,518

-527

280

0

0

0

Income taxes payable

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Reserve deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,287

0

0

0

Receivables from payment processors

-14,658

-11,134

-7,456

382

-219

735

5,812

6,773

5,322

1,708

3,045

9,329

8,119

6,131

0

0

0

Receivables from CSO lenders

-4,880

-7,487

-8,209

-7,912

-6,159

-6,896

-12,044

-6,125

-5,146

-2,987

10,340

8,993

13,837

16,433

0

0

0

Interest receivable

86,698

85,269

92,549

97,791

102,094

106,119

105,480

100,434

95,633

93,532

88,365

85,592

84,660

83,859

0

0

0

State and other taxes payable

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

State and other taxes payable

-

-

-

-

-

-160

-54

100

225

58

47

482

372

76

0

0

0

Deferred revenue

-8,811

-11,434

-10,183

-4,935

2,599

5,819

0

0

0

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

18,031

-

0

0

0

Accounts payable and accrued liabilities

-4,631

6,121

3,416

9,280

8,947

1,386

7,407

2,013

105

9,266

6,317

3,558

9,478

1,770

0

0

0

Net cash provided by operating activities

349,281

370,344

374,231

369,218

376,266

362,276

356,210

336,070

320,259

308,688

283,342

265,374

263,549

248,633

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES:
Loans receivable originated or participations purchased

1,254,542

1,276,484

1,315,778

1,345,902

1,346,574

1,357,866

1,359,735

1,314,160

1,247,608

1,196,723

1,073,978

1,031,214

982,450

914,304

0

0

0

Principal collections and recoveries on loans receivable

961,506

979,514

999,749

1,006,045

1,007,951

999,931

967,855

919,987

854,759

794,717

701,769

651,780

602,843

550,141

0

0

0

Participation premium paid

6,056

5,861

6,183

5,864

6,122

6,393

6,193

6,142

5,798

5,680

5,575

5,028

4,458

3,539

0

0

0

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchases of property and equipment

23,150

24,690

26,765

29,082

28,508

27,490

25,689

20,829

19,749

16,755

15,007

12,792

9,679

8,313

0

0

0

Net cash used in investing activities

-322,242

-327,521

-348,977

-374,803

-373,253

-391,818

-423,762

-421,144

-418,396

-424,441

-392,995

-397,454

-393,744

-376,015

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable

60,500

64,000

62,892

64,689

51,824

49,824

71,992

75,195

92,060

103,560

110,500

131,000

157,000

155,500

0

0

0

Repayments of Long-term Debt

73,939

70,000

60,000

60,000

43,000

0

0

0

0

-

-

-

-

-

-

-

-

Cash paid for interest rate caps

-

-

-

-

-

1,367

1,367

1,367

1,367

0

0

0

0

-

-

-

-

Settlement of derivative liability

-

-

-

-

-

-2,010

-2,010

-2,010

-2,010

0

0

0

0

-

-

-

-

Payment of capital lease obligation

-

-

-

-

-

-

-

-

-

21

83

144

204

242

0

0

0

Debt issuance costs paid

110

2,606

2,772

2,773

2,747

200

0

0

0

-

-

-

-

-

-

-

-

Equity issuance costs paid

-

-

-

-

-

-

-

-

-

1,731

2,749

2,987

1,542

2,114

0

0

0

Common stock repurchased

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock option exercises

123

122

121

109

754

997

657

797

97

593

933

789

792

40

0

0

0

Taxes paid related to net share settlement of equity awards

1,701

1,391

1,379

1,457

250

246

972

756

756

1,178

1,206

1,206

1,206

784

0

0

0

Net cash (used in) provided by financing activities

-22,375

-12,920

-1,488

652

7,425

47,842

69,271

72,695

87,952

102,695

108,279

128,433

154,662

152,222

0

0

0

Effect of exchange rates on cash

-691

400

-526

-139

-249

-133

-445

-42

725

436

0

0

0

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

3,973

30,303

23,240

-5,072

10,189

18,167

1,274

-12,421

-9,460

-12,622

0

0

0

-

-

-

-

Effect of exchange rates on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Supplemental cash flow information:
Interest paid

61,351

66,003

75,619

78,213

79,524

79,059

0

0

0

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

0

66,959

-

0

0

0

Taxes paid

620

535

582

365

321

359

221

392

467

442

596

415

548

549

0

0

0

Non-cash activities:
CSO fees charged-off included in Deferred revenues and Loans receivable

2,851

4,754

7,063

8,706

9,915

10,605

10,752

10,881

10,800

11,063

11,231

9,959

8,335

5,174

0

0

0

CSO fees on loans paid-off prior to maturity included in Receivable from CSO lenders and Deferred revenue

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Annual membership fee included in Deferred revenues and Loans receivable

196

195

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Reissuances of Treasury stock

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Derivative debt discount on convertible term notes

-

-

-

-

-

-

-

-

-

2,517

4,224

4,224

4,224

1,707

0

0

0

Property and equipment accrued but not yet paid

-

-

-

-

-

445

1,367

1,600

698

1,158

0

0

0

-

-

-

0

Prepaid expenses accrued but not yet paid

-

-

-

-

-

0

477

1,391

1,582

832

0

0

0

-

-

-

-

Impact on deferred tax assets of adoption of ASU 2016-09

-

-

-

-

-

-

-

-

-

3,347

3,347

3,364

3,363

0

0

0

0

Impact on OCI and retained earnings of adoption of ASU 2018-02

-

-

-

-

-

920

920

920

920

0

0

0

0

-

-

-

-

Changes in fair value of interest rate caps

0

304

-195

-647

-726

304

803

1,255

1,334

0

0

0

0

-

-

-

-

Tax benefit of equity issuance costs included in Additional paid-in capital

0

2

2

2

2

674

0

0

0

-

-

-

-

-

-

-

-

Leasehold improvements allowance included in Property and equipment, net

305

439

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Leasehold improvements included in Property and equipment, net

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Operating lease right of use assets recognized

1,110

13,399

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities recognized

1,548

17,556

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-