Medallion financial corp (MFINL)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Jun'18Mar'18Jun'17
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)

-13,001

-191

7,435

-6,643

1,395

-13,884

-

-

Adjustments to reconcile net loss from operations to net cash provided by operating activities:
Provision for loan losses

16,541

10,535

8,337

15,171

13,343

-

-

-

Paid-in-kind interest

293

197

212

188

237

-

-

-

Depreciation and amortization

1,590

1,485

1,828

2,140

2,046

135

-

24

(Decrease) increase in deferred and other tax liabilities

-2,713

2,228

185

-1,625

65

-

-

-

Amortization of origination fees, net

-1,304

-1,199

-1,364

-1,238

-1,151

1,040

-

18

Net change in loan collateral in process of foreclosure

-8,825

-2,712

-1,715

-3,654

-3,757

-

-

-

Net realized losses on investments

-3,554

-

-

-

-

-

-

-

Net change in unrealized depreciation (appreciation) on investments

-

435

1,395

502

-598

-

-

-

Stock-based compensation expense

466

368

348

340

165

-

-

-

Gain on extinguishment of debt

-

0

0

0

4,145

-

-

-

Decrease in accrued interest receivable

-125

622

298

634

-305

-

-

-

(Increase) decrease in other assets

-205

-7,728

-615

3,361

2,144

-

-

-

Increase (decrease) in accounts payable and accrued expenses

1,249

-6,261

-1,902

3,494

-3,355

-

-

-

Decrease in accrued interest payable

-1,062

1,031

-694

1,040

-687

-

-

-

Net cash provided by operating activities

16,790

7,726

21,853

24,295

11,061

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES
Loans originated

107,149

96,427

134,119

147,990

92,533

-

-

-

Proceeds from principal receipts, sales, and maturities of loans

67,368

63,427

66,120

59,867

62,239

-

-

-

Purchases of investments

6,541

3,658

5,199

1,600

50

-

-

-

Proceeds from principal receipts, sales, and maturities of investments

7,692

1,217

3,025

421

2,456

-

-

-

Proceeds from the sale and principal payments on loan collateral in process of foreclosure

4,007

-

3,547

4,141

5,026

-

-

-

Net cash used for investing activities

-34,623

-19,147

-70,173

-94,328

-22,862

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from time deposits and funds borrowed

114,418

75,650

157,467

174,139

118,586

-

-

-

Repayments of time deposits and funds borrowed

107,402

89,317

129,688

117,487

77,785

-

-

-

Distributions to non-controlling interests

1,507

-

-

-

592

-

-

-

Net cash provided by financing activities

5,509

24,227

31,187

56,060

40,209

-

-

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

-12,324

12,806

-17,133

-13,973

28,408

-

-

-

SUPPLEMENTAL INFORMATION
Cash paid during the period for interest

9,339

7,756

9,175

7,190

7,887

-

-

-

Cash paid during the period for income taxes

3

175

15

106

14

-

-

-

NON-CASH INVESTING
Loans transferred to loan collateral in process of foreclosure

6,938

-

-

-

9,096

-

-

-

Investment Company Accounting [Member]
Net income/net (decrease) in net assets resulting from operations

-

-

-

-

-

-

-14,874

-

Paid-in-kind interest

-

-

-

-

-

-

491

-

Depreciation and amortization

-

-

-

-

-

-

246

-

Increase in deferred and other tax liabilities

-

-

-

-

-

-

3,858

-

Amortization of origination fees, net

-

-

-

-

-

-

-13

-

Net change in unrealized (appreciation) depreciation on investments

-

-

-

-

-

-

4,403

-

Stock-based compensation expense

-

-

-

-

-

-

152

-

Decrease in accrued interest receivable

-

-

-

-

-

-

-130

-

Decrease in accounts payable and accrued expenses

-

-

-

-

-

-

-675

-

Decrease in accrued interest payable

-

-

-

-

-

-

-249

-

Loans originated

-

-

-

-

-

-

8,193

-

Proceeds from principal receipts, sales, and maturities of loans

-

-

-

-

-

-

-13,279

-

Capital returned by Medallion Bank and other controlled subsidiaries, net

-

-

-

-

-

-

93

-

Net change in unrealized depreciation on investment other than securities

-

-

-

-

-

-

1,915

-

Increase in unrealized appreciation on Medallion Bank and other controlled subsidiaries

-

-

-

-

-

-

29,115

-

Net realized gains on investments

-

-

-

-

-

-

-34,745

-

(Increase) decrease in other assets

-

-

-

-

-

-

-54

-

Net cash provided by operating activities

-

-

-

-

-

-

5,291

-

Repayments of time deposits and funds borrowed

-

-

-

-

-

-

6,961

-

Payments of declared distributions

-

-

-

-

-

-

64

-

Net cash provided by (used for) financing activities

-

-

-

-

-

-

-7,025

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

-

-

-

-

-

-

-1,734

-

Cash paid during the period for interest

-

-

-

-

-

-

3,577

-