Firstcash, inc. (FCFS)
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
Cash flow from operating activities:
Net income

32,918

54,154

34,761

33,048

42,655

48,075

33,325

30,171

41,635

67,734

28,274

15,239

32,645

36,692

-1,412

11,673

13,174

19,410

11,173

13,339

16,788

26,941

19,528

16,015

22,682

24,778

23,141

15,663

20,264

27,609

18,889

16,349

17,512

21,455

18,433

15,338

22,556

Adjustments to reconcile net income to net cash flow provided by operating activities:
Non-cash portion of credit loss provision

-729

44

89

927

1,335

2,304

2,810

2,417

1,874

2,715

4,039

3,334

2,639

3,602

1,951

195

222

295

258

129

79

119

311

273

213

225

312

247

249

330

359

112

65

60

241

-332

187

Share-based compensation expense

2,851

1,735

2,315

2,315

2,315

1,661

1,375

1,375

1,375

767

767

759

776

149

3,004

271

750

220

-1,190

699

700

609

456

364

550

-715

429

411

428

325

325

325

325

247

181

157

157

Depreciation and amortization expense

10,674

10,846

10,674

10,510

9,874

9,876

10,850

10,952

11,283

12,429

13,872

14,689

14,243

14,700

7,281

4,947

4,937

4,288

4,637

4,467

4,547

4,475

4,404

4,325

4,272

4,015

3,988

3,733

3,625

3,489

3,331

3,119

3,036

-

-

-

2,659

Amortization of debt issuance costs

387

1

480

476

473

472

485

483

480

516

458

397

467

344

621

232

230

228

231

228

256

269

98

373

162

0

0

-47

47

-

-

-

-

-

-

-

-

Write-offs and impairments of certain lease intangibles and other assets

5,530

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of favorable/(unfavorable) lease intangibles, net

-

-

-

-

-

82

15

110

-466

-232

-257

-250

-237

-174

-58

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

4,239

-443

1,857

2,739

2,855

2,474

2,152

1,192

1,609

-25,634

-749

-664

12,550

3,247

6,103

884

1,678

-2,723

1,310

343

640

-360

796

241

451

-981

-8,384

737

700

1,540

542

575

585

-165

2,300

-1,275

340

Loss on disposition of consumer loan stores

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

133

0

9,832

Changes in operating assets and liabilities, net of business combinations:
Fees and service charges receivable

-3,673

-2,585

1,938

2,630

-2,093

-3,556

4,541

3,291

-3,844

-1,606

2,539

4,343

-3,865

-4,406

1,089

1,714

-173

-2,103

1,268

1,415

-480

-2,968

1,992

1,246

-154

-1,252

1,430

1,255

-62

-397

1,916

878

848

-617

408

1,165

-259

Automotive finance receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

255

Inventories

-6,951

-6,200

4,819

1,413

-5,874

-94

5,704

-1,216

-7,715

-10,987

3,382

-1,792

-6,796

-305

5,523

1,213

-1,812

-1,906

4,342

1,322

-2,354

-2,184

3,759

1,594

-1,805

-2,847

102

4,920

-975

-1,641

3,156

1,529

-267

-4,216

1,800

1,939

32

Prepaid expenses and other assets

-355

1,625

-68

268

-776

-691

-1,814

-1,350

3,174

-5,883

4,560

-785

-11,594

-3,104

2,125

-618

-3,281

-2,221

2,190

611

-1,070

739

2,446

-1,725

185

-1,995

2,115

-4,820

2,670

-6,968

8,764

-1,623

-6,470

2,978

-2,260

707

2,651

Accounts payable, accrued liabilities and other liabilities

9,755

-10,403

14,899

-4,319

-3,560

-1,780

15,184

-7,849

-2,478

-14,099

9,923

-1,888

-29,071

-19,325

3,640

-5

-645

-78

7,100

-2,662

-10

-9,230

4,300

6,661

-459

-4

3,891

-411

2,110

-7,777

4,332

-1,152

3,462

-5,333

5,702

-1,651

399

Income taxes

781

4,678

-535

-7,109

7,007

191

-3,513

-9,475

27,619

8,839

167

-4,996

7,598

10,882

-11,745

-1,391

-536

-243

-419

1,284

526

1,115

-1,308

-3,791

-4,051

-2,011

9,242

875

-596

-539

164

-7,908

-1,773

4,917

638

5,379

-6,289

Net cash flow provided by operating activities

77,385

67,772

57,851

34,276

71,697

69,210

54,252

28,651

91,316

71,511

46,033

38,948

63,865

56,380

901

14,497

25,076

27,627

23,213

14,479

27,430

28,351

20,388

23,346

25,594

32,699

28,972

19,853

25,194

34,316

14,739

10,636

29,101

25,757

19,199

10,329

25,090

Cash flow from investing activities:
Loan receivables, net of cash repayments

-52,279

-37,404

22,572

22,642

-42,216

-23,180

43,968

25,307

-56,220

-35,474

28,702

33,226

-67,189

-15,414

22,020

14,759

-5,293

-18,583

18,328

12,283

-8,312

-21,854

16,366

13,731

-5,773

-16,229

9,278

10,498

-3,136

-8,380

15,127

8,746

1,832

-11,810

6,727

11,060

-769

Purchases of furniture, fixtures, equipment and improvements

10,581

-

-

-

9,658

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of store real property

9,617

-

-

-

22,145

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consumer loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

227

-343

218

Purchases of furniture, fixtures, equipment and improvements

-

-

-

-

-

9,909

11,300

9,080

5,388

-624

9,194

9,325

8,076

-2,970

6,353

10,730

6,343

5,545

6,928

4,214

4,386

6,153

5,742

6,385

5,674

8,727

7,571

5,670

4,704

5,601

6,489

5,525

4,226

7,839

6,130

9,302

5,703

Payments to Acquire and Develop Real Estate

-

-

-

-

-

4,996

6,300

5,300

3,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposition of consumer loan stores

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

31,886

0

-12,029

Acquisitions of pawn stores, net of cash acquired

5,477

-

3,745

13,721

24,520

-

52,216

22,807

13,364

-

26

261

854

-20,506

1,103

1,608

26,045

-33,015

1,415

30,050

1,550

-34,873

28,484

1,500

4,889

29,290

12,852

70,033

1,468

12,711

37,424

26,737

43,866

3,829

7,900

0

-3,950

Net cash flow provided by (used in) investing activities

26,604

-16,011

-47,577

-59,358

-14,107

-17,051

-113,750

-62,465

34,019

23,872

-37,922

-42,812

58,259

62,990

-34,765

-27,097

-27,095

-834

-26,671

-46,547

2,376

-8,368

-50,592

-21,616

-4,790

-21,788

-29,701

-86,201

-3,036

-9,932

-59,040

-41,008

-49,924

244

-5,256

-20,019

2,927

Cash flow from financing activities:
Borrowings from unsecured credit facilities

106,925

66,000

47,000

101,000

43,000

58,500

137,500

159,000

61,000

25,000

61,000

105,000

15,000

4,000

366,500

18,000

11,500

37,945

19,000

41,500

21,555

24,500

23,000

0

2,500

30,600

5,300

116,600

0

11,400

45,500

100,700

36,900

-

-

-

-

Repayments of unsecured credit facilities

88,000

71,000

47,000

16,000

83,000

68,500

54,000

20,500

85,000

58,000

18,000

145,000

138,000

104,000

57,000

7,500

29,500

48,445

6,500

0

29,455

19,600

5,500

0

184,500

1,100

5,800

15,600

50,500

19,900

6,100

47,100

18,900

-

-

-

-

Repayments of debt assumed with merger and other acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

0

232,000

0

6,532

0

0

0

0

-8,352

0

0

8,352

813

807

799

792

786

397

394

260

-

-

-

-

Proceeds from debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Repayments of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

114

Issuance of senior unsecured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

200,000

0

0

0

0

-

-

-

-

-

-

-

-

Debt issuance costs paid

130

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-197

889

5,909

0

0

0

0

-

-

-

-

-

-

-

-

Purchases of treasury stock

80,331

48,884

5,667

31,955

29,599

15,115

41,257

117,269

100,019

26,705

38,761

16,269

10,005

0

0

0

0

8,000

9,000

6,000

16,974

-

-

-

-

-

-

-

-

0

0

22,524

38,751

0

32,908

21,139

1,261

Proceeds from exercise of share-based compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,994

0

0

2,901

3,008

1,550

712

0

800

20

0

8,422

3,790

458

0

48

17

0

516

1,945

Income tax benefit from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,509

0

0

1,617

2,328

1,136

677

0

573

14

0

7,218

5,365

349

0

127

0

0

324

1,764

Dividends paid

11,268

11,591

10,741

10,777

10,891

11,003

9,731

9,921

10,245

9,436

9,052

9,176

9,172

9,217

3,530

3,531

3,530

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flow used in financing activities

-72,804

-66,576

-16,408

42,668

-80,490

-37,019

32,512

11,710

-134,264

-69,141

-5,457

19,269

-142,177

-109,250

71,653

6,946

-28,062

-9,517

3,500

35,500

-20,356

10,227

-10,250

-12,814

3,739

30,060

-1,273

61,509

-35,652

-131

39,810

30,682

-20,836

-1,488

-33,025

-20,414

2,334

Effect of exchange rates on cash

-2,248

159

305

-237

770

-372

884

-5,177

4,914

-5,230

-677

2,881

3,246

-3,521

-707

-2,222

-2,723

-2,845

-4,949

-1,805

-1,639

-4,978

-841

210

-257

-867

-165

-794

1,548

288

442

-966

1,812

-2,627

-767

194

578

Change in cash and cash equivalents

28,937

-

-

-

-22,130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash and cash equivalents

-

-

-

-

-

14,768

-26,102

-27,281

-4,015

21,012

1,977

18,286

-16,807

6,599

37,082

-7,876

-32,804

14,431

-4,907

1,627

7,811

25,232

-41,295

-10,874

24,286

40,104

-2,167

-5,633

-11,946

24,541

-4,049

-656

-39,847

21,886

-19,849

-29,910

30,929

Supplemental disclosure of cash flow information: