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

-37,123

6,392

1,311

924

11,861

20,318

36,294

46,990

38,097

34,855

29,760

22,230

10,673

-73,126

-88,430

-184,669

-188,551

-112,171

-94,227

-97,274

-85,444

-81,292

-74,036

-18,069

-24,502

5,789

21,010

96,870

131,421

133,914

141,111

142,801

139,617

134,082

122,159

113,646

107,081

99,016

97,294

0

0

0

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

30,432

29,682

28,797

28,300

27,170

26,609

25,484

23,713

23,432

23,011

23,661

25,465

25,913

26,934

28,651

33,150

34,078

36,094

37,034

35,860

37,838

38,294

38,627

37,269

37,389

36,629

34,918

31,109

29,169

27,665

25,268

24,911

22,213

19,420

18,344

17,297

16,377

15,484

14,661

0

0

0

Amortization of debt discount and deferred financing costs

15,027

17,403

19,759

22,082

21,381

19,498

17,595

15,834

13,987

13,159

12,303

12,106

12,198

12,006

12,375

15,803

14,741

14,251

13,038

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of lease right-of-use asset

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,184

5,212

5,880

5,137

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of prepaid commissions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

15,581

15,312

14,525

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of notes receivable discount and deferred compensation fee

2,578

3,423

4,524

5,716

6,610

7,949

9,150

8,112

6,892

5,336

3,788

2,898

1,928

1,029

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consumer loan loss provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57,471

56,605

54,067

51,966

34,765

40,475

41,373

45,014

43,065

39,808

37,387

34,146

28,086

26,379

24,195

20,240

0

0

0

-

-

-

-

-

-

-

-

Signature loan and auto title loan loss provisions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Deferred income taxes

-2,440

1,274

1,616

9,784

5,473

5,139

7,916

10,102

9,561

8,475

6,096

16,037

14,645

8,168

2,674

-10,616

-9,223

-8,366

-2,124

-28,839

-28,289

-23,573

-24,377

-16,408

-17,907

-16,403

-14,883

2,179

2,225

3,247

1,290

4,448

13,145

12,301

13,663

6,631

-1,296

-968

-1,287

0

0

0

Impairment of investment in unconsolidated affiliates

0

6,451

19,725

31,437

31,437

24,986

11,712

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other adjustments

-6,321

-2,022

-5,776

-2,534

-2,791

-7,058

-2,607

-5,117

-4,736

-4,366

-4,566

-52,794

-52,455

-52,162

-49,395

-10,575

-11,396

-12,135

-13,925

150

1,082

2,221

2,251

-4,036

-4,073

-4,656

-4,862

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale or disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,578

-2,625

-2,602

-2,893

-1,722

-1,660

-1,375

5,371

5,154

-920

-592

-7,043

-5,921

-215

-229

1

-449

-306

-101

-309

-225

-790

-1,324

-1,528

0

0

0

Gain on sale of loan portfolio

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Stock compensation expense

7,776

9,208

9,751

9,604

9,947

10,103

10,784

8,937

7,825

6,977

5,866

7,285

6,772

6,321

5,346

6,899

6,451

5,665

2,374

-3,961

-3,272

3,180

6,845

11,413

12,263

7,410

7,128

6,671

6,476

6,072

6,660

6,863

6,418

6,173

13,208

12,591

12,196

12,004

4,512

0

0

0

Loss from investment in unconsolidated affiliates

-4,160

-4,913

-135

2,684

2,515

2,960

5,529

4,625

4,521

4,888

4,916

-2,113

-1,466

-832

-255

-185

-57

-5,612

-5,473

2,406

2,701

6,871

5,948

3,629

5,840

9,473

13,240

16,594

16,463

16,915

16,038

17,015

16,917

17,031

16,237

15,388

14,219

12,834

10,750

0

0

0

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

502

361

732

3,096

2,635

2,464

1,788

-1,720

-208

252

285

82

-1,688

-1,213

-7,677

6,953

2,389

245

9,987

-1,540

9,171

8,752

2,212

-9,192

-10,547

-11,783

-3,412

4,023

2,855

1,470

-1,330

864

89

2,969

2,998

3,277

3,229

4,535

4,312

0

0

0

Inventory

2,195

2,770

493

685

25

-698

1,074

-239

615

-249

-721

916

2,034

2,243

3,735

1,842

3,059

2,183

-433

971

-149

-687

-346

7,428

3,992

-2,354

9,722

3,194

8,497

14,316

4,017

6,483

6,229

6,744

6,815

4,544

3,437

4,021

2,144

0

0

0

Prepaid expenses, other current assets and other assets

-6,531

2,353

-5,732

361

131

587

-477

5,939

4,655

-7,581

-4,225

-95

-4,997

9,960

11,696

11,839

5,826

9,748

11,980

-1,418

24,766

18,761

28,807

39,901

31,589

17,814

17,671

23,470

24,912

24,736

15,196

12,445

7,153

16,870

12,445

7,079

4,661

4,380

6,277

0

0

0

Accounts payable, accrued expenses and other liabilities

-15,144

-6,884

22,246

-124

1,677

1,176

-3,271

-6,054

-6,131

-14,229

-30,894

-35,264

-47,715

-37,469

-26,297

8,096

12,787

18,743

15,564

11,178

20,665

9,606

15,073

-5,431

2,259

-6,778

11,033

21,026

17,571

12,191

1,596

-9,757

-8,225

4,971

5,411

8,428

6,041

9,106

15,592

0

0

0

Customer layaway deposits

-96

691

1,176

723

1,391

1,010

709

888

1,129

839

241

-164

-282

-242

329

1,651

901

4,582

1,997

1,061

1,095

-541

-499

395

957

-360

1,416

988

824

64

218

-115

-517

-786

-95

542

2,150

3,074

1,824

0

0

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

5,816

8,147

10,404

11,731

10,898

9,525

3,785

4,344

543

-401

-3,110

4,783

6,376

-38,293

-37,334

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred gains and other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,526

5,963

-5,276

-5,243

35

-11,380

-403

-412

-1,091

-1,149

-1,043

-736

0

0

0

Tax provision from stock compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

293

341

423

1,488

1,602

1,646

1,679

625

3,230

3,177

3,288

4,903

1,861

0

0

0

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

8,034

-

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable/payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-4,873

16

7,656

44

10,927

15,395

3,798

5,093

0

0

0

Dividends from unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,842

4,842

4,939

4,939

5,129

7,343

8,401

11,634

10,632

8,418

5,600

4,933

5,560

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by operating activities

74,165

69,218

103,517

84,637

93,960

93,110

88,981

84,466

75,618

75,208

50,666

45,688

33,057

67,282

68,104

0

0

0

-

-

68,894

66,696

74,701

64,309

69,896

103,450

120,467

128,838

138,189

124,026

139,115

155,661

178,475

163,742

153,267

155,340

147,373

128,361

128,566

0

0

0

Investing activities:
Loans made

735,098

738,359

737,585

736,818

730,025

724,142

707,220

686,863

676,753

659,834

646,625

651,796

652,999

659,670

676,375

764,291

749,040

791,488

842,074

829,397

928,395

950,994

959,540

946,100

930,345

924,330

923,103

913,397

883,459

851,206

802,896

754,795

717,078

679,243

649,249

622,168

594,541

570,027

545,579

0

0

0

Loans repaid

437,501

437,122

434,142

430,774

426,759

424,933

421,331

416,186

407,570

398,141

386,383

392,551

402,138

413,107

428,196

489,038

464,603

513,954

574,353

570,557

656,904

671,181

658,986

649,752

631,752

615,038

602,712

590,523

569,836

553,457

522,195

490,230

461,023

424,040

404,392

385,124

369,987

349,323

335,832

0

0

0

Recovery of pawn loan principal through sale of forfeited collateral

304,638

294,423

288,502

276,863

274,748

270,412

266,962

258,891

251,264

247,346

244,632

249,277

241,576

241,032

235,168

226,232

226,637

232,372

243,692

255,219

254,579

251,163

246,053

238,260

238,111

229,229

237,717

242,161

240,828

251,944

240,381

235,389

230,870

216,613

205,662

196,998

189,521

179,718

174,224

0

0

0

Additions to property and equipment, net

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures, net

-

-

-

-

-

-

-

-

-

32,212

25,001

21,668

18,321

14,438

13,251

8,278

10,738

15,907

23,722

28,948

28,255

26,303

22,964

29,277

33,835

43,407

46,698

45,954

48,460

45,121

45,796

42,991

39,835

35,770

34,122

31,346

31,251

29,204

25,741

0

0

0

Acquisitions, net of cash acquired

7,489

7,784

8,116

8,116

30,012

31,334

93,165

95,415

66,030

64,413

2,250

0

0

0

-

-

-

-

-

-

-

-

13,226

12,860

12,813

12,927

14,810

18,338

57,869

91,646

128,647

128,346

119,516

103,499

67,920

67,652

53,267

35,506

21,837

0

0

0

Investment in unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,140

0

0

0

-

-

0

0

11,018

11,018

11,018

11,018

0

0

0

0

-

-

-

-

59,188

0

0

0

Principal collections on notes receivable

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

749

10,631

10,631

10,631

9,882

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends from unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Net cash provided by investing activities

-14,108

-26,348

-27,829

-30,336

-69,817

-74,153

-134,206

-142,936

-96,622

-86,496

-13,403

26,977

22,722

17,139

3,015

0

0

0

-

-

-65,095

-69,175

-80,060

-89,451

-96,405

-126,515

-155,200

-156,023

-190,142

-193,590

-214,763

-207,787

-188,754

-179,670

-141,237

-135,717

-125,278

-110,794

-140,942

0

0

0

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

1,458

1,395

3,288

3,288

3,288

3,288

311

311

311

372

767

939

939

878

172

0

0

0

-

-

-

-

1,982

2,034

673

209

3,640

3,627

3,709

3,627

1,184

1,228

1,146

1,076

7,484

0

0

0

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

397

461

513

1,745

1,602

0

0

0

Tax benefit from stock compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

293

341

423

1,488

1,602

1,646

1,679

625

3,230

3,177

3,288

4,903

1,861

0

0

0

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,017

13,969

6,200

4,363

1,283

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payout of deferred consideration

0

0

-

-

0

0

-

-

-

-

-

-

-

-

15,000

14,875

14,875

8,915

6,000

6,000

6,000

17,500

23,000

36,277

36,277

24,777

13,277

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from settlement of forward currency contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,557

0

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,199

0

0

0

-

-

28,659

58,840

57,891

39,531

18,733

818

-1,326

12,954

10,897

11,837

14,135

0

0

0

-

-

-

-

-

-

-

-

Proceeds from revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

497,449

579,908

511,442

510,680

601,249

619,575

756,552

792,927

689,309

474,617

266,000

164,500

0

0

0

-

-

-

-

Payments on revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

614,836

548,265

483,056

470,000

563,375

556,564

648,338

679,986

606,075

448,722

225,500

147,000

0

0

0

-

-

-

-

Proceeds from borrowings, net of issuance costs

-111

212

1,064

1,977

172,475

172,152

171,409

0

0

0

-

-

-

-

64,133

0

0

0

-

-

499,528

566,635

535,913

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on borrowings

-196,247

-195,868

-196,093

-199,359

-3,001

-3,443

-3,510

0

0

0

-

-

-

-

-112,123

-136,008

-68,390

-67,077

-72,369

-510,066

-572,731

-589,234

-572,873

-81,438

-47,264

-11,587

9,725

11,341

-4,382

-5,473

-8,496

0

0

0

-

-

-

0

-

-

-

-

Proceeds from bank borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Repurchase of common stock

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on bank borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net cash used in financing activities

-202,842

-198,639

-198,317

-200,670

165,168

165,287

167,588

224,275

53,807

53,746

53,351

3,987

-13,978

-42,187

-63,156

-56,379

-73,039

-46,701

2,402

3,090

107,281

50,841

32,515

36,276

26,121

17,129

23,649

13,878

36,388

83,763

90,613

75,395

-2,138

15,341

-13,758

-7,172

-13,613

-10,745

-6,534

0

0

0

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

-7,272

1,624

-507

545

-1,015

-271

-654

-1,582

-206

354

724

5,969

2,962

-1,308

-1,350

-11,123

-9,555

-8,690

-10,308

-6,504

-5,235

-3,452

-931

998

-74

610

360

-165

1,681

828

890

13

-694

-333

-157

0

0

0

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

-150,057

-154,145

-123,136

-145,824

188,296

183,973

121,709

164,223

32,597

42,812

91,338

82,621

44,763

40,926

6,613

-83,279

-62,837

-54,818

3,799

64,953

105,845

44,910

26,225

12,132

-462

-5,326

-10,724

-13,472

-13,884

15,027

15,855

23,282

-13,111

-920

-1,885

12,580

8,593

6,876

-18,910

0

0

0

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

306,614

303,934

301,357

299,367

290,849

282,242

274,590

271,869

267,175

261,966

257,388

252,604

251,772

251,758

249,316

240,207

234,679

229,928

230,998

240,593

242,674

245,139

241,696

240,975

249,212

255,723

261,837

262,750

255,178

251,392

248,090

240,263

236,630

226,851

215,188

206,340

196,627

187,354

177,821

0

0

0

Receivable from sale of portfolio

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividend reinvestment acquisition of additional ownership in unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

1,153

1,153

1,153

1,153

0

0

0

0

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock due to acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-31

0

0

0

Deferred and contingent consideration

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

2,674

2,692

7,203

7,222

25,872

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in accrued additions to property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

492

-70

-1,404

1,733

0

0

0

0

-

-

-

-

-

-

-

-

Deferred consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Foreign currency translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

248

248

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Stock issued for additional investment in subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-