| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income (loss) | |||||||||
44,732 | 35,345 | 29,963 | 24,031 | - | - | - | - | - | - |
Net income | |||||||||
- | - | - | - | 23,365 | 14,802 | 28,794 | 24,752 | 21,040 | 16,444 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Provision for credit losses | |||||||||
99,611 | 87,056 | 77,339 | 63,014 | 47,348 | 69,057 | 39,192 | 27,765 | 17,854 | - |
Provision for credit losses | |||||||||
- | - | - | - | - | - | - | - | - | 16,568 |
Depreciation and amortization | |||||||||
10,856 | 8,803 | 7,357 | 6,444 | 3,920 | 3,882 | 3,459 | 2,598 | 1,437 | 1,383 |
Loss on disposal of property and equipment | |||||||||
-94 | -24 | -245 | -3 | -343 | -21 | -11 | - | - | - |
Accretion of discounts on purchased receivables | |||||||||
- | - | - | - | 27 | 85 | 434 | 1,581 | 9 | - |
Share-based compensation | |||||||||
5,147 | 5,262 | 3,660 | 4,158 | 3,638 | 2,312 | 1,571 | 542 | 191 | 360 |
Fair value adjustment on interest rate caps | |||||||||
-249 | -330 | -64 | -170 | -457 | - | -1 | - | - | -843 |
Fair value adjustment on interest rate caps | |||||||||
- | - | - | - | - | - | - | -27 | -252 | - |
Deferred income taxes, net | |||||||||
-1,366 | -4,214 | 4,994 | 1,902 | -122 | -4,523 | -3,294 | 5,962 | - | - |
Payment of in-kind interest on mezzanine debt | |||||||||
- | - | - | - | - | - | - | - | - | 134 |
Deferred income taxes, net | |||||||||
- | - | - | - | - | - | - | - | 4,361 | 2,930 |
Changes in operating assets and liabilities: | |||||||||
Decrease in other assets | |||||||||
-2,456 | -7,306 | 11,294 | 1,739 | -1,788 | 2,585 | -2,977 | 1,295 | 3,464 | 198 |
Increase (decrease) in accounts payable and accrued expenses | |||||||||
3,283 | 6,373 | 3,105 | 2,255 | - | - | - | - | - | - |
Increase in other liabilities | |||||||||
- | - | - | - | 2,681 | 2,966 | 324 | -1,048 | -169 | 2,751 |
Net cash provided by operating activities | |||||||||
- | - | - | - | 83,391 | 85,847 | 72,601 | 57,722 | - | - |
Net cash provided by operating activities | |||||||||
165,062 | 146,285 | 115,433 | 100,238 | - | - | - | - | 41,493 | 41,215 |
Cash flows from investing activities: | |||||||||
Net repayments (originations) of finance receivables | |||||||||
268,281 | 192,446 | 169,366 | 148,548 | 132,632 | 59,962 | 137,031 | 127,652 | 73,660 | - |
Purchases of intangible assets | |||||||||
1,603 | 1,446 | 6,355 | 5,302 | 1,946 | 1,334 | - | - | - | - |
(Increase) decrease in restricted cash | |||||||||
- | - | - | - | 8,605 | - | - | - | 450 | - |
Increase in restricted cash | |||||||||
- | - | - | - | - | - | 562 | - | - | - |
Net repayment of finance receivables | |||||||||
- | - | - | - | - | - | - | - | - | -49,346 |
Purchases of property and equipment | |||||||||
5,804 | 5,352 | 4,765 | 6,433 | 3,366 | 3,319 | 4,163 | 1,996 | 2,581 | 1,210 |
Payment for business combination, net of cash | |||||||||
- | - | - | - | - | 128 | 575 | 28,388 | - | - |
Proceeds from disposal of property and equipment | |||||||||
59 | - | 558 | 721 | - | - | - | - | - | - |
Purchase of finance receivables | |||||||||
- | - | - | - | - | - | 357 | 975 | 2,531 | - |
Net cash provided by (used in) investing activities | |||||||||
- | - | - | - | -146,549 | -64,743 | -142,688 | -159,011 | - | - |
Purchase of interest rate caps | |||||||||
- | - | - | - | - | - | - | - | - | 43 |
Net cash provided by (used in) investing activities | |||||||||
-275,629 | -199,244 | -179,928 | -159,562 | - | - | - | - | -79,222 | -50,599 |
Cash flows from financing activities: | |||||||||
Net payments on senior revolving credit facility | |||||||||
22,744 | -123,977 | -799 | 114,567 | -3,138 | -21,334 | 70,371 | 86,370 | 42,708 | 7,015 |
Payments on amortizing loan | |||||||||
-21,642 | -31,738 | 14,551 | -34,067 | 72,896 | - | - | - | - | - |
Net advances on revolving warehouse credit facility | |||||||||
16,507 | -35,940 | 66,066 | - | - | - | - | - | - | - |
Net payments on securitizations | |||||||||
130,102 | 280,665 | - | - | - | - | - | - | - | - |
Payments for debt issuance costs | |||||||||
4,891 | 7,235 | 4,547 | 1,060 | 2,237 | 165 | 1,065 | 598 | 156 | - |
Taxes paid related to net share settlement of equity awards | |||||||||
939 | 692 | 1,809 | 487 | 721 | - | - | - | - | - |
Excess tax benefits from exercise of stock options | |||||||||
- | - | - | - | - | 167 | 731 | - | - | - |
Proceeds from exercise of stock options | |||||||||
- | - | 307 | - | - | 119 | 873 | - | - | - |
Repurchases of common stock | |||||||||
25,028 | - | - | 25,046 | - | - | - | - | - | - |
Net payments of other notes payable | |||||||||
- | - | - | - | - | - | - | - | -466 | -8 |
Net cash used in financing activities | |||||||||
116,853 | 81,083 | 73,769 | 53,907 | - | - | - | - | 41,722 | 7,222 |
Net proceeds from issuance of common stock | |||||||||
- | - | - | - | - | - | - | 39,781 | - | - |
Proceeds from issuance of mezzanine debt, related party | |||||||||
- | - | - | - | - | - | - | - | - | 25,814 |
Repayment of mezzanine debt | |||||||||
- | - | - | - | - | - | - | 25,814 | - | 25,814 |
Decrease in cash overdraft | |||||||||
- | - | - | - | - | - | - | -1 | -364 | 215 |
Net cash used in financing activities | |||||||||
- | - | - | - | 66,800 | -21,213 | 70,910 | 99,738 | - | - |
Net change in cash and restricted cash | |||||||||
6,286 | 28,124 | 9,274 | -5,417 | - | - | - | - | - | - |
Supplemental cash flow information: | |||||||||
Interest paid | |||||||||
35,478 | 30,127 | 20,460 | 17,590 | 15,385 | 14,367 | 13,468 | - | - | - |
Net change in cash | |||||||||
- | - | - | - | 3,642 | -109 | 823 | -1,551 | 3,993 | -2,162 |
Paid to third parties | |||||||||
- | - | - | - | - | - | - | 10,281 | 7,698 | 7,201 |
Paid to related parties | |||||||||
- | - | - | - | - | - | - | 1,085 | 4,604 | 1,072 |
Income taxes paid | |||||||||
14,695 | 3,600 | 15,681 | 12,585 | 12,449 | 15,237 | 16,205 | 14,273 | - | - |
Cash payments for income taxes | |||||||||
- | - | - | - | - | - | - | - | 7,548 | 8,461 |
Issuance of mezzanine debt in lieu of cash interest payment | |||||||||
- | - | - | - | - | - | - | - | - | 134 |