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

154,881

164,618

158,539

157,103

154,226

153,206

172,865

167,814

152,882

143,892

112,850

83,164

79,598

60,127

42,845

55,430

57,096

60,710

68,241

76,596

79,272

85,166

83,003

86,616

86,264

83,846

86,677

82,425

83,111

80,359

74,205

73,749

72,738

77,782

0

0

0

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

331

2,395

4,655

7,376

8,866

9,405

9,816

11,045

11,962

12,727

13,614

11,526

8,387

5,970

2,663

970

904

761

585

638

782

916

1,022

1,023

997

1,033

1,138

1,185

1,050

866

596

478

34

156

0

0

0

Share-based compensation expense

9,216

8,680

8,606

7,666

6,726

5,786

4,892

4,284

3,668

3,069

2,451

4,688

4,200

4,174

4,245

51

479

429

818

2,464

2,129

1,979

655

628

675

553

1,593

1,489

1,403

1,300

1,222

1,078

910

742

0

0

0

Depreciation and amortization expense

42,704

41,904

40,934

41,110

41,552

42,961

45,514

48,536

52,273

55,233

57,504

50,913

41,171

31,865

21,453

18,809

18,329

17,939

18,126

17,893

17,751

17,476

17,016

16,600

16,008

15,361

14,835

14,178

13,564

12,975

0

0

0

-

-

-

0

Amortization of debt issuance costs

1,344

1,430

1,901

1,906

1,913

1,920

1,964

1,937

1,851

1,838

1,666

1,829

1,664

1,427

1,311

921

917

943

984

851

996

902

633

535

115

0

0

0

0

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of favorable/(unfavorable) lease intangibles, net

-

-

-

-

-

-259

-573

-845

-1,205

-976

-918

-719

-469

-232

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

8,392

7,008

9,925

10,220

8,673

7,427

-20,681

-23,582

-25,438

-14,497

14,384

21,236

22,784

11,912

5,942

1,149

608

-430

1,933

1,419

1,317

1,128

507

-8,673

-8,177

-7,928

-5,407

3,519

3,357

3,242

1,537

3,295

1,445

1,200

0

0

0

Loss on disposition of consumer loan stores

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,965

0

0

0

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

-1,690

-110

-1,081

1,522

2,183

432

2,382

380

1,432

1,411

-1,389

-2,839

-5,468

-1,776

527

706

407

100

-765

-41

-210

116

1,832

1,270

1,279

1,371

2,226

2,712

2,335

3,245

3,025

1,517

1,804

697

0

0

0

Automotive finance receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Inventories

-6,919

-5,842

264

1,149

-1,480

-3,321

-14,214

-16,536

-17,112

-16,193

-5,511

-3,370

-365

4,619

3,018

1,837

1,946

1,404

1,126

543

815

1,364

701

-2,956

370

1,200

2,406

5,460

2,069

2,777

202

-1,154

-744

-445

0

0

0

Prepaid expenses and other assets

1,470

1,049

-1,267

-3,013

-4,631

-681

-5,873

501

1,066

-13,702

-10,923

-13,358

-13,191

-4,878

-3,995

-3,930

-2,701

-490

2,470

2,726

390

1,645

-1,089

-1,420

-4,515

-2,030

-7,003

-354

2,843

-6,297

3,649

-7,375

-5,045

4,076

0

0

0

Accounts payable, accrued liabilities and other liabilities

9,932

-3,383

5,240

5,525

1,995

3,077

-9,242

-14,503

-8,542

-35,135

-40,361

-46,644

-44,761

-16,335

2,912

6,372

3,715

4,350

-4,802

-7,602

1,721

1,272

10,498

10,089

3,017

5,586

-2,187

-1,746

-2,487

-1,135

1,309

2,679

2,180

-883

0

0

0

Income taxes

-2,185

4,041

-446

-3,424

-5,790

14,822

23,470

27,150

31,629

11,608

13,651

1,739

5,344

-2,790

-13,915

-2,589

86

1,148

2,506

1,617

-3,458

-8,035

-11,161

-611

4,055

7,510

8,982

-96

-8,879

-10,056

-4,600

-4,126

9,161

4,645

0

0

0

Net cash flow provided by operating activities

237,284

231,596

233,034

229,435

223,810

243,429

245,730

237,511

247,808

220,357

205,226

160,094

135,643

96,854

68,101

90,413

90,395

92,749

93,473

90,648

99,515

97,679

102,027

110,611

107,118

106,718

108,335

94,102

84,885

88,792

80,233

84,693

84,386

80,375

0

0

0

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

-44,469

-34,406

-20,182

1,214

3,879

-10,125

-22,419

-37,685

-29,766

-40,735

-20,675

-27,357

-45,824

16,072

12,903

9,211

6,735

3,716

445

-1,517

-69

2,470

8,095

1,007

-2,226

411

8,260

14,109

12,357

17,325

13,895

5,495

7,809

5,208

0

0

0

Purchases of furniture, fixtures, equipment and improvements

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of store real property

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consumer loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchases of furniture, fixtures, equipment and improvements

-

-

-

-

-

35,677

25,144

23,038

23,283

25,971

23,625

20,784

22,189

20,456

28,971

29,546

23,030

21,073

21,681

20,495

22,666

23,954

26,528

28,357

27,642

26,672

23,546

22,464

22,319

21,841

24,079

23,720

27,497

28,974

0

0

0

Payments to Acquire and Develop Real Estate

-

-

-

-

-

19,996

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposition of consumer loan stores

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,857

0

0

0

Acquisitions of pawn stores, net of cash acquired

0

-

0

0

0

-

0

0

12,510

-

-19,365

-18,288

-16,941

8,250

-4,259

-3,947

24,495

0

-1,858

25,211

-3,339

0

64,163

48,531

117,064

113,643

97,064

121,636

78,340

120,738

111,856

82,332

55,595

7,779

0

0

0

Net cash flow provided by (used in) investing activities

-96,342

-137,053

-138,093

-204,266

-207,373

-159,247

-118,324

-42,496

-22,843

1,397

40,515

43,672

59,387

-25,967

-89,791

-81,697

-101,147

-71,676

-79,210

-103,131

-78,200

-85,366

-98,786

-77,895

-142,480

-140,726

-128,870

-158,209

-113,016

-159,904

-149,728

-95,944

-74,955

-22,104

0

0

0

Cash flow from financing activities:
Borrowings from unsecured credit facilities

320,925

257,000

249,500

340,000

398,000

416,000

382,500

306,000

252,000

206,000

185,000

490,500

403,500

400,000

433,945

86,445

109,945

120,000

106,555

110,555

69,055

50,000

56,100

38,400

155,000

152,500

133,300

173,500

157,600

194,500

0

0

0

-

-

-

-

Repayments of unsecured credit facilities

222,000

217,000

214,500

221,500

226,000

228,000

217,500

181,500

306,000

359,000

405,000

444,000

306,500

198,000

142,445

91,945

84,445

84,400

55,555

54,555

54,555

209,600

191,100

191,400

207,000

73,000

91,800

92,100

123,600

92,000

0

0

0

-

-

-

-

Repayments of debt assumed with merger and other acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

238,532

238,532

6,532

6,532

0

-8,352

-8,352

-8,352

0

9,165

9,972

10,771

3,211

3,184

2,774

2,369

1,837

0

0

0

-

-

-

-

Proceeds from debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Repayments of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Issuance of senior unsecured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200,000

200,000

200,000

200,000

0

0

0

0

-

-

-

-

-

-

-

-

Debt issuance costs paid

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,610

6,601

6,798

5,909

0

0

0

0

-

-

-

-

-

-

-

-

Purchases of treasury stock

166,837

116,105

82,336

117,926

203,240

273,660

285,250

282,754

181,754

91,740

65,035

26,274

10,005

0

8,000

17,000

23,000

39,974

0

0

0

-

-

-

-

-

-

-

-

61,275

61,275

94,183

92,798

55,308

0

0

0

Proceeds from exercise of share-based compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,895

5,909

7,459

8,171

5,270

3,062

1,532

820

9,242

12,232

12,670

12,670

4,296

523

65

581

2,478

0

0

0

Income tax benefit from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,126

3,945

5,081

5,758

4,141

2,386

1,264

587

7,805

12,597

12,932

12,932

5,841

476

127

451

2,088

0

0

0

Dividends paid

44,377

44,000

43,412

42,402

41,546

40,900

39,333

38,654

37,909

36,836

36,617

31,095

25,450

19,808

10,591

7,061

3,530

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flow used in financing activities

-113,120

-120,806

-91,249

-42,329

-73,287

-127,061

-159,183

-197,152

-189,593

-197,506

-237,615

-160,505

-172,828

-58,713

41,020

-27,133

1,421

9,127

28,871

15,121

-33,193

-9,098

10,735

19,712

94,035

54,644

24,453

65,536

34,709

49,525

48,168

-24,667

-75,763

-52,593

0

0

0

Effect of exchange rates on cash

-2,021

997

466

1,045

-3,895

249

-4,609

-6,170

1,888

220

1,929

1,899

-3,204

-9,173

-8,497

-12,739

-12,322

-11,238

-13,371

-9,263

-7,248

-5,866

-1,755

-1,079

-2,083

-278

877

1,484

1,312

1,576

-1,339

-2,548

-1,388

-2,622

0

0

0

Change in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash and cash equivalents

-

-

-

-

-

-42,630

-36,386

-8,307

37,260

24,468

10,055

45,160

18,998

3,001

10,833

-31,156

-21,653

18,962

29,763

-6,625

-19,126

-2,651

12,221

51,349

56,590

20,358

4,795

2,913

7,890

-20,011

-22,666

-38,466

-67,720

3,056

0

0

0

Supplemental disclosure of cash flow information: