| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||
Net income (loss) | ||||||||
77,653 | 95,973 | 113,517 | 115,154 | 116,777 | 127,980 | 0 | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||
Depreciation and amortization | ||||||||
8,282 | 7,304 | 6,366 | 5,603 | 4,975 | 4,478 | 0 | 0 | 0 |
Share-based compensation expense | ||||||||
14,584 | 13,754 | 11,447 | 9,123 | 7,702 | 6,038 | 0 | 0 | 0 |
Equity-based payments to non-employees | ||||||||
16 | 15 | 15 | 15 | 15 | 16 | 0 | 0 | 0 |
Fair value change in servicing assets and liabilities | ||||||||
-32,166 | -29,679 | -24,485 | -7,891 | 1,010 | 945 | 0 | 0 | 0 |
Operating lease liability payments | ||||||||
394 | 394 | 354 | 342 | 443 | 392 | 0 | 0 | 0 |
Financial guarantee losses | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Amortization of debt related costs | ||||||||
1,670 | 1,675 | 1,680 | 1,684 | 1,688 | 1,684 | 0 | 0 | 0 |
Original issuance discount on term loan payment | ||||||||
42 | 42 | 42 | 42 | 41 | 31 | 0 | 0 | 0 |
Income tax expense (benefit) | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Impairment losses | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Deferred tax expense (benefit) | ||||||||
- | - | - | - | - | 5,525 | 0 | 0 | 0 |
Changes in assets and liabilities: | ||||||||
(Increase) decrease in loan receivables held for sale | ||||||||
19,061 | 49,050 | 15,604 | -40,692 | -65,293 | -70,730 | 0 | 0 | 0 |
(Increase) decrease in accounts receivable | ||||||||
949 | 4,049 | 2,468 | 2,352 | 705 | -2,958 | 0 | 0 | 0 |
(Increase) decrease in related party receivables | ||||||||
-12 | 14 | 76 | 64 | -33 | -76 | 0 | 0 | 0 |
(Increase) decrease in other assets | ||||||||
-214 | 434 | 483 | 2,915 | -1,478 | -1,574 | 0 | 0 | 0 |
Increase (decrease) in accounts payable | ||||||||
88 | 6,860 | 7,850 | 9,107 | 8,220 | -1,488 | 0 | 0 | 0 |
Increase (decrease) in finance charge reversal liability | ||||||||
63,560 | 67,446 | 65,788 | 57,932 | 48,685 | 44,441 | 0 | 0 | 0 |
Increase (decrease) in related party liabilities | ||||||||
- | - | - | - | - | -722 | 0 | 0 | 0 |
Increase (decrease) in other liabilities | ||||||||
952 | 25,225 | 11,740 | 5,407 | 5,020 | -7,311 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||
150,919 | 153,327 | 178,438 | 236,611 | 264,333 | 256,426 | 0 | 0 | 0 |
Cash flows from investing activities | ||||||||
Purchases of property, equipment and software | ||||||||
15,344 | 15,381 | 12,653 | 10,997 | 9,180 | 6,581 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||
-15,344 | -15,381 | -12,653 | -10,997 | -9,180 | -6,581 | 0 | 0 | 0 |
Cash flows from financing activities | ||||||||
Proceeds from term loan | ||||||||
- | - | - | - | - | 399,000 | 0 | 0 | 0 |
Repayments of term loan | ||||||||
3,958 | 3,958 | 3,958 | 3,958 | 3,959 | 352,094 | 0 | 0 | 0 |
Class A common stock repurchases | ||||||||
53,225 | 104,272 | 93,107 | 93,107 | 92,894 | 41,847 | 0 | 0 | 0 |
Member distributions | ||||||||
53,542 | 23,468 | 23,680 | 31,635 | 124,983 | 141,518 | 0 | 0 | 0 |
Proceeds from option exercises | ||||||||
133 | 307 | 28 | 10 | 233 | 59 | 0 | 0 | 0 |
Payment of option exercise taxes | ||||||||
11,897 | 12,400 | 17,093 | 6,419 | 5,445 | 4,869 | 0 | 0 | 0 |
Payment of taxes on Class B common stock exchanges | ||||||||
1,456 | 2,198 | 2,198 | 1,805 | 742 | 0 | 0 | 0 | 0 |
Payment of equity transaction expenses prior to Reorganization Transactions | ||||||||
- | - | - | - | - | 32 | 0 | 0 | 0 |
Net cash used in financing activities | ||||||||
-128,560 | -150,604 | -197,345 | -195,357 | -231,673 | -145,184 | 0 | 0 | 0 |
Net increase (decrease) in cash and cash equivalents and restricted cash | ||||||||
7,015 | -12,658 | -31,560 | 30,257 | 23,480 | 104,661 | 0 | 0 | 0 |
Supplemental non-cash investing and financing activities | ||||||||
Tax withholding on equity awards accrued but not paid | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Equity transaction costs accrued but not paid | ||||||||
- | - | - | - | - | - | - | 0 | 0 |
Capitalized software costs accrued but not paid | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Treasury stock traded but not settled | ||||||||
0 | - | - | - | 0 | - | - | - | 0 |