Ezcorp, inc. (EZPW)
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'11Dec'10Sep'10Jun'10Mar'10Dec'09
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-40,874

1,238

-645

3,158

2,641

-3,843

-1,032

14,095

11,098

12,133

9,664

5,202

7,856

7,038

2,134

-6,355

-75,943

-8,266

-94,105

-10,237

437

9,678

-97,152

1,593

4,589

16,934

-41,185

-4,840

34,880

32,155

34,675

29,711

37,373

39,352

36,365

26,527

31,838

27,429

27,852

19,962

23,773

25,707

Adjustments to reconcile net loss to net cash flows from operating activities:
Depreciation and amortization

7,762

7,733

7,683

7,254

7,012

6,848

7,186

6,124

6,451

5,723

5,415

5,843

6,030

6,373

7,219

6,291

7,051

8,090

11,718

7,219

9,067

9,030

10,544

9,197

9,523

9,363

9,186

9,317

8,763

7,652

5,377

7,377

7,259

5,255

5,020

4,679

4,466

4,179

3,973

3,759

3,573

3,356

Amortization of debt discount and deferred financing costs

3,264

3,229

3,146

5,388

5,640

5,585

5,469

4,687

3,757

3,682

3,708

2,840

2,929

2,826

3,511

2,932

2,737

3,195

6,939

1,870

2,247

1,982

-

-

262

-432

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of lease right-of-use asset

11,278

11,474

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,412

992

1,633

971

1,616

1,660

890

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of prepaid commissions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,930

3,731

4,023

-

-

3,187

3,013

4,486

4,895

2,918

2,226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of notes receivable discount and deferred compensation fee

271

275

736

1,296

1,116

1,376

1,928

2,190

2,455

2,577

890

970

899

1,029

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consumer loan loss provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,495

8,971

9,691

33,314

4,629

6,433

7,590

16,113

10,339

7,331

11,231

14,164

7,082

4,910

7,990

8,104

5,375

2,726

4,035

-

-

-

-

-

-

-

-

Signature loan and auto title loan loss provisions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,134

-

3,255

1,592

2,938

Deferred income taxes

-3,708

10

-3,387

4,645

6

352

4,781

334

-328

3,129

6,967

-207

-1,414

750

16,908

-1,599

-7,891

-4,744

3,618

-206

-7,034

1,498

-23,097

344

-2,318

694

-15,128

-1,155

-814

2,214

1,934

-1,109

208

257

5,092

7,588

-636

1,619

-1,940

-339

-308

1,300

Impairment of investment in unconsolidated affiliates

0

0

0

0

6,451

13,274

11,712

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other adjustments

-512

-1,298

-3,901

-610

3,787

-5,052

-659

-867

-480

-601

-3,169

-486

-110

-801

-51,397

-147

183

1,966

-12,577

-968

-556

176

1,498

-36

583

206

-4,789

-73

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale or disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

-649

-33

-1,937

-6

-626

-324

-766

56

-341

6,422

-983

-6,018

-13

-29

139

-312

-27

201

-311

-169

178

-7

-227

-734

-356

-211

Gain on sale of loan portfolio

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Stock compensation expense

1,027

1,695

2,715

2,339

2,459

2,238

2,568

2,682

2,615

2,919

721

1,570

1,767

1,808

2,140

1,057

1,316

833

3,693

609

530

-2,458

-2,642

1,298

6,982

1,207

1,926

2,148

2,129

925

1,469

1,953

1,725

1,513

1,672

1,508

1,480

8,548

1,055

1,113

1,288

1,056

Loss from investment in unconsolidated affiliates

1,184

-5,897

-767

1,320

431

-1,119

2,052

1,151

876

1,450

1,148

1,047

1,243

1,478

-5,881

1,694

1,877

2,055

-5,811

1,822

-3,678

2,194

2,068

2,117

492

1,271

-251

4,328

4,125

5,038

3,103

4,197

4,577

4,161

4,080

4,099

4,691

3,367

3,231

2,930

3,306

1,283

Changes in operating assets and liabilities, net of business acquisitions:
Service charges and fees receivable

-4,382

355

2,033

2,496

-4,523

726

4,397

2,035

-4,694

50

889

3,547

-4,234

83

686

1,777

-3,759

-6,381

15,316

-2,787

-5,903

3,361

3,789

7,924

-6,322

-3,179

-7,615

6,569

-7,558

5,192

-180

5,401

-8,943

2,392

2,014

4,626

-6,063

2,421

2,293

4,578

-4,757

2,198

Inventory

-311

1,592

1,870

-956

264

-685

2,062

-1,616

-459

1,087

749

-762

-1,323

615

2,386

356

-1,114

2,107

493

1,573

-1,990

-509

1,897

453

-2,528

-168

9,671

-2,983

-8,874

11,908

3,143

2,320

-3,055

1,609

5,609

2,066

-2,540

1,680

3,338

959

-1,956

-197

Prepaid expenses, other current assets and other assets

-6,858

9,649

-9,926

604

2,026

1,564

-3,833

374

2,482

500

2,583

-910

-9,754

3,856

6,713

-5,812

5,203

5,592

6,856

-11,825

9,125

7,824

-6,542

14,359

3,120

17,870

4,552

6,047

-10,655

17,727

10,351

7,489

-10,831

8,187

7,600

2,197

-1,114

3,762

2,234

-221

-1,395

5,659

Accounts payable, accrued expenses and other liabilities

-7,833

-29,966

23,723

-1,068

427

-836

1,353

733

-74

-5,283

-1,430

656

-8,172

-21,948

-5,800

-11,795

2,074

-10,776

28,593

-7,104

8,030

-13,955

24,207

2,383

-3,029

-8,488

3,703

10,073

-12,066

9,323

13,696

6,618

-17,446

-1,272

2,343

8,150

-4,250

-832

5,360

5,763

-1,185

5,654

Customer layaway deposits

1,005

-467

227

-861

1,792

18

-226

-193

1,411

-283

-47

48

1,121

-881

-452

-70

1,161

-310

870

-820

4,842

-2,895

-66

-786

3,206

-2,853

828

-224

1,889

-1,077

400

-388

1,129

-923

67

-790

860

-232

704

818

1,784

-1,482

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-376

-98

933

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

-2,600

1,188

4,877

2,351

-269

3,445

6,204

1,518

-1,642

-2,295

6,763

-2,283

-2,586

-5,004

14,656

-690

-47,255

-4,045

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred gains and other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

89

267

83

-5,965

11,578

-10,972

116

-687

163

5

107

-1,366

105

111

414

Tax provision from stock compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-28

-21

-4

346

20

61

1,061

460

64

94

7

3,065

11

205

1,622

23

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,903

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,666

1,758

4,943

-

706

677

2,285

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,638

13,954

-2,544

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable/payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,510

9,830

-

-6,421

-14,233

12,284

3,497

-1,532

-6,593

4,672

14,380

2,936

-18,190

5,967

Dividends from unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,435

0

2,407

0

2,532

0

2,597

2,214

3,590

3,233

1,595

0

772

2,566

2,222

-

-

-

-

-

-

-

-

Net cash provided by operating activities

32,189

-10,918

38,540

14,354

27,242

23,381

19,660

23,677

26,392

19,252

15,145

14,829

25,982

-5,290

10,167

2,198

60,207

-4,468

-

-

32,304

5,486

31,444

-340

30,106

13,491

21,052

5,247

63,660

30,508

29,423

14,598

49,497

45,597

45,969

37,412

34,764

35,122

48,042

29,445

15,752

35,327

Investing activities:
Loans made

163,688

187,362

195,073

188,975

166,949

186,588

194,306

182,182

161,066

169,666

173,949

172,072

144,147

156,457

179,120

173,275

150,818

173,162

267,036

158,024

193,266

223,748

254,359

257,022

215,865

232,294

240,919

241,267

209,850

231,067

231,213

211,329

177,597

182,757

183,112

173,612

139,762

152,763

156,031

145,985

115,248

128,315

Loans repaid

119,431

109,623

106,063

102,384

119,052

106,643

102,695

98,369

117,226

103,041

97,550

89,753

107,797

91,283

103,718

99,340

118,766

106,372

164,560

74,905

168,117

166,771

160,764

161,252

182,394

154,576

151,530

143,252

165,680

142,250

139,341

122,565

149,301

110,988

107,376

93,358

112,318

91,340

88,108

78,221

91,654

77,849

Recovery of pawn loan principal through sale of forfeited collateral

82,277

76,515

76,523

69,323

72,062

70,594

64,884

67,208

67,726

67,144

56,813

59,581

63,808

64,430

61,458

51,880

63,264

58,566

52,522

52,285

68,999

69,886

64,049

51,645

65,583

64,776

56,256

51,496

56,701

73,264

60,700

50,163

67,817

61,701

55,708

45,644

53,560

50,750

47,044

38,167

43,757

45,256

Additions to property and equipment, net

6,586

5,574

-

10,705

7,983

5,880

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures, net

-

-

-

-

-

-

-

-

-

9,537

10,114

6,867

5,694

2,326

6,781

3,520

1,811

1,139

1,808

5,980

6,980

8,954

7,034

5,287

5,028

5,615

13,347

9,845

14,600

8,906

12,603

12,351

11,261

9,581

9,798

9,195

7,196

7,933

7,022

9,100

5,149

4,470

Acquisitions, net of cash acquired

0

0

0

7,489

295

332

0

29,385

1,617

62,163

2,250

0

0

0

-

-

-

-

-

-

-

-

236

2,708

-113

10,395

-130

2,661

1

12,278

3,398

42,192

33,778

49,279

3,097

33,362

17,761

13,700

2,829

18,977

0

31

Investment in unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

12,140

-

-

0

0

0

0

0

11,018

0

0

0

0

-

-

-

-

107

8,149

0

50,932

Principal collections on notes receivable

-4,000

0

-

-7,309

-7,307

-7,284

-

-7,058

-6,303

-2,849

-

-8,285

-7,220

-7,831

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

749

9,882

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends from unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,056

2,407

1,811

-

-

-

-

Net cash provided by investing activities

35,434

-6,798

-14,591

-28,153

23,194

-8,279

-17,098

-67,634

18,858

-68,332

-25,828

-21,320

28,984

4,761

14,552

-25,575

23,401

-9,363

-

-

32,120

-8,185

-36,959

-52,071

28,040

-19,070

-46,350

-59,025

-2,070

-47,755

-47,173

-93,144

-5,518

-68,928

-40,197

-74,111

3,566

-30,495

-34,677

-63,672

18,050

-60,643

Financing activities:
Taxes paid related to net share settlement of equity awards

63

1,395

0

0

0

3,288

0

0

0

311

0

0

61

706

172

0

0

0

-

-

-

-

-8

1,361

629

0

44

0

165

3,431

31

82

83

988

75

0

13

7,396

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

190

1

204

66

242

1,233

61

Tax benefit from stock compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-28

-21

-4

346

20

61

1,061

460

64

94

7

3,065

11

205

1,622

23

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,331

7,510

2,096

3,080

1,283

-259

259

0

-

-

-

-

-

-

-

-

-

-

-

-

Payout of deferred consideration

0

175

-

-

0

0

-

-

-

-

-

-

-

-

125

0

5,960

8,915

0

0

0

6,000

0

0

11,500

11,500

13,277

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from settlement of forward currency contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,557

-

-

0

2,313

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,489

-3,809

7,780

-1,261

-

-

-12,271

795

17,130

23,005

17,910

-154

-1,230

2,207

-5

-2,298

13,050

150

935

0

-

-

-

-

-

-

-

-

Proceeds from revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

172,407

136,606

80,887

107,549

254,866

68,140

80,125

198,118

273,192

205,117

116,500

94,500

58,500

-3,500

15,000

-

-

-

-

Payments on revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

257,730

198,162

74,908

84,036

191,159

132,953

61,852

177,411

184,348

224,727

93,500

103,500

26,995

1,505

15,000

-

-

-

-

Proceeds from borrowings, net of issuance costs

0

-109

0

-2

323

743

913

170,496

0

0

-

-

-

-

47,691

2,140

0

14,302

-

-

2,824

66,560

381,507

48,637

69,931

35,838

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on borrowings

63

292

-216

-196,386

442

67

-3,482

-28

0

0

-

-

-

-

-48,129

-16,296

-18,340

-29,358

-72,014

51,322

-17,027

-34,650

-509,711

-11,343

-33,530

-18,289

-18,276

22,831

2,147

3,023

-16,660

7,108

1,056

0

-

-

-

2,500

-

-

-

-

Proceeds from bank borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,465

13

1,159

-

343

0

0

-

-

-

-

-

-

-

-

Repurchase of common stock

4,196

963

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on bank borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,500

2,500

Net cash used in financing activities

-4,322

-2,934

-216

-195,370

-119

-2,612

-2,569

170,468

0

-311

54,118

0

-61

-706

4,754

-17,965

-28,270

-21,675

11,531

-34,625

-1,932

27,428

12,219

69,566

-58,372

9,102

15,980

59,411

-67,364

15,622

6,209

81,921

-19,989

22,472

-9,009

4,388

-2,510

-6,627

-2,423

-2,053

358

-2,416

Effect of exchange rate changes on cash and cash equivalents and restricted cash

-8,713

1,349

-213

305

183

-782

839

-1,255

927

-1,165

-89

121

1,487

-795

5,156

-2,886

-2,783

-837

-4,617

-1,318

-1,918

-2,455

-813

-49

-135

66

1,116

-1,121

549

-184

591

725

-304

-122

-286

18

57

54

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

54,588

-19,301

23,520

-208,864

50,500

11,708

832

125,256

46,177

-50,556

43,346

-6,370

56,392

-2,030

34,629

-44,228

52,555

-36,343

-55,263

-23,786

60,574

22,274

5,891

17,106

-361

3,589

-8,202

4,512

-5,225

-1,809

-10,950

4,100

23,686

-981

-3,523

-32,293

35,877

-1,946

10,942

-36,280

34,160

-27,732

Non-cash investing and financing activities:
Pawn loans forfeited and transferred to inventory

73,590

82,878

79,417

70,729

70,910

80,301

77,427

62,211

62,303

72,649

74,706

57,517

57,094

68,071

69,922

56,685

57,080

65,629

60,813

51,157

52,329

66,699

70,408

53,238

54,794

63,256

69,687

61,475

61,305

69,370

70,600

53,903

57,519

66,068

62,773

50,270

47,740

54,405

53,925

40,557

38,467

44,872

Receivable from sale of portfolio

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividend reinvestment acquisition of additional ownership in unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

0

0

0

1,153

0

0

0

0

-

-

-

-

-

-

14,903

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock due to acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58

38,647

-

6,369

10,493

1,122

-

-

-

-

0

0

0

-31

Deferred and contingent consideration

-

-

-

-

-

-

-

-

-

1,920

-

-

-

0

-

-

-

-

-

-

-

-

-18

-2,639

-19

5,350

0

1,872

0

24,000

-

-

-

-

-

-

-

-

-

-

-

-

Change in accrued additions to property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

385

107

-2,100

2,100

-177

-1,227

1,037

367

-

-

-

-

-

-

-

-

Deferred consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,785

0

-

-

-

-

-

-

-

-

Foreign currency translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,171

-6,537

-

591

47

-94

Contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,792

-6,900

2,356

0

4,792

-

-

-

-

-

-

-

-

-

-

-

-

Stock issued for additional investment in subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,981

-

-

-

0

-

-

-

-

-

-

-

-