Regional management corp. (RM)
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 flows from operating activities:
Net income (loss)

-6,325

15,683

12,572

8,369

8,108

10,770

7,449

8,482

8,644

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

7,634

-

6,476

5,912

5,176

7,367

6,507

5,408

4,083

3,381

1,397

4,414

5,610

8,385

7,241

6,404

6,764

6,022

6,988

6,620

5,122

6,200

5,185

4,720

4,935

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses

49,522

26,039

24,515

25,714

23,343

23,698

23,640

20,203

19,515

19,464

20,152

18,589

19,134

19,427

16,410

13,386

13,791

11,449

14,085

12,102

9,712

15,951

22,542

13,619

16,945

11,638

11,078

8,405

8,071

8,847

7,383

5,908

5,627

-

-

-

-

Provision for credit losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,569

3,489

3,836

Depreciation and amortization

2,871

2,890

2,639

2,694

2,633

2,402

2,330

2,047

2,024

2,020

2,106

1,628

1,603

1,496

1,615

1,802

1,531

1,142

968

927

883

987

861

1,033

1,001

995

802

932

730

701

645

575

677

450

345

337

305

Loss on disposal of property and equipment

-19

-22

-31

-30

-11

26

0

-42

-8

-114

-39

-80

-12

-18

7

3

5

0

-4

23

-362

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of discounts on purchased receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

7

5

8

11

16

23

35

20

84

323

7

-

-

-

-

-

-

-

-

Share-based compensation

1,419

1,737

1,218

1,195

997

1,312

1,446

1,296

1,208

406

1,164

1,268

822

1,152

1,153

1,405

448

43

372

1,317

1,906

1,487

352

272

201

1,034

179

179

179

237

140

143

22

34

34

33

90

Fair value adjustment on interest rate caps

-29

-2

-4

-43

-200

-464

-5

18

121

21

-36

-14

-35

43

-3

-86

-124

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-6

-17

-

-64

-193

21

Deferred income taxes, net

-5,228

826

-1,007

-1,697

512

-1,216

-1,869

-167

-962

10,082

-3,345

-1,051

-692

-512

-14

2,899

-471

-1,727

2,040

-933

498

1,045

-3,762

-955

-851

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-480

1,544

-211

-

1,409

1,599

2,477

3,207

1,244

260

-350

Changes in operating assets and liabilities:
Decrease in other assets

-896

-262

-2,667

2,657

-2,184

1,150

-9,727

5,246

-3,975

10,653

-1,173

2,112

-298

-1,697

-1,993

4,114

1,315

-1,738

228

2,135

-2,413

2,363

-1,434

1,841

-185

-3,616

-608

3,977

-2,730

868

1,186

-2,534

1,775

840

-310

1,777

1,157

Increase (decrease) in accounts payable and accrued expenses

1,353

2,707

5,648

2,220

-7,292

5,258

1,955

1,657

-2,497

-69

4,944

-1,750

-20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

669

-3,161

1,059

1,481

1,018

-398

580

420

3,139

-2,601

2,008

723

418

670

-1,487

984

-1,267

-1,074

309

292

766

-3,532

2,305

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

28,826

-

28,298

18,212

20,338

21,524

25,006

16,432

20,429

20,903

25,959

13,921

25,064

22,235

19,762

13,835

16,769

-

-

-

-

-

-

-

-

Net cash provided by operating activities

44,556

50,168

48,287

35,911

30,696

41,512

44,683

28,296

31,794

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,282

16,026

12,476

15,310

12,517

3,681

9,985

Cash flows from investing activities:
Net repayments (originations) of finance receivables

-1,289

87,365

89,568

86,098

5,250

64,864

57,628

61,786

8,168

60,560

62,841

49,352

-3,387

38,904

63,915

51,798

-6,069

38,612

41,546

59,494

-7,020

21,569

39,091

29,578

-30,276

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of intangible assets

265

467

143

769

224

102

161

369

814

908

2,383

2,015

1,049

1,479

1,217

1,771

835

901

549

469

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-331

-2,581

312

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net repayment of finance receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81

-

-

-32,293

9,368

-

-28,315

-24,572

5,293

Purchases of property and equipment

1,010

1,907

1,479

1,103

1,315

2,316

1,369

823

844

619

1,918

683

1,545

1,813

2,243

590

1,787

1,493

941

656

276

-164

1,234

1,299

950

695

634

1,891

943

396

484

748

368

-

-

-

-

Payment for business combination, net of cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

28,388

-

-

-

-

Proceeds from disposal of property and equipment

-

-

-

-

-

-

-

-

-

0

0

0

558

3

9

653

56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

1,351

-

-67,035

-50,925

3,191

-48,611

-44,036

-60,619

6,717

-22,739

-40,453

-30,877

29,326

-41,669

-60,242

-39,915

-862

-

-

-

-

-

-

-

-

Purchase of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

565

Net cash provided by (used in) investing activities

14

-89,739

-91,180

-87,921

-6,789

-67,282

-59,158

-62,978

-9,826

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-57,193

-33,361

-19,388

-29,209

-29,290

-25,451

4,728

Cash flows from financing activities:
Excess tax benefits from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net payments on senior revolving credit facility

-38,684

-12,852

18,080

45,229

-27,713

-24,626

-30,481

-32,946

-35,924

-8,967

14,424

15,800

-22,056

17,448

48,809

53,898

-5,588

-41,114

19,880

46,977

-28,881

2,093

14,753

14,255

-52,435

15,014

45,457

29,242

-19,342

34,071

45,577

3,124

3,598

16,136

17,406

21,120

-11,954

Payments on amortizing loan

-

-8,583

-3,668

-4,626

-4,765

-5,032

-6,219

-9,722

-10,765

31,796

-4,839

-5,778

-6,628

-7,537

-8,189

-9,392

-8,949

-

-

-

-

-

-

-

-

-

-

-

68

-

-

-

-

-

-

-

-

Net advances on revolving warehouse credit facility

8,313

-44,354

40,113

19,920

828

-51,848

52,282

-61,944

25,570

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net payments on securitizations

-

130,172

0

0

-70

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for debt issuance costs

78

3,404

1,101

106

280

2,846

659

3,672

58

296

1,165

2,891

195

89

504

220

247

1,537

684

15

1

142

20

2

1

14

13

1,020

18

-

-

-

-

-

-

-

-

Taxes paid related to net share settlement of equity awards

1,231

102

23

14

800

0

5

190

497

13

149

0

1,647

141

247

7

92

0

219

219

283

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

182

177

67

67

0

0

100

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

30

0

90

307

30

0

536

-

-

0

0

-

-

-

-

Repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

16,175

8,871

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net payments of other notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

889

0

-500

304

-270

Net cash used in financing activities

-31,680

50,295

46,099

53,259

-32,800

46,067

15,164

41,526

-21,674

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45,957

17,220

4,492

15,948

16,599

20,360

-11,185

Excess tax benefits from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

0

408

-

-

-

-

-

-

-

-

Decrease in cash overdraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-6

0

5

-32

-307

-1,064

1,039

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-30,526

-

39,869

28,104

-23,747

29,819

19,159

46,920

-29,098

2,017

14,763

14,253

-52,246

15,626

45,478

28,154

-18,348

-

-

-

-

-

-

-

-

Net change in cash and restricted cash

12,890

10,724

3,206

1,249

-8,893

20,297

689

6,844

294

2,977

4,732

1,914

-349

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental cash flow information:
Interest paid

9,082

8,119

10,300

8,487

8,572

8,550

7,328

7,684

6,565

6,024

5,774

3,682

4,980

4,371

4,717

4,341

4,161

4,266

3,985

3,656

3,478

3,638

3,707

3,410

3,612

3,698

3,722

3,083

2,965

-

-

-

-

-

-

-

-

Net change in cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,132

-4,609

-218

2,732

129

2,733

-1,952

181

269

-2,703

2,144

-3,808

4,998

2,074

-2,441

-1,062

2,046

-115

-2,420

2,049

-174

-1,410

3,528

Paid to third parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,903

2,615

2,304

2,459

2,202

2,003

1,762

1,731

Paid to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-67

0

364

788

1,268

1,006

1,373

957

Income taxes paid

-

-

-

-

-

2,959

-4,902

5,543

0

2,751

2,825

10,105

0

1,827

2,129

6,983

1,646

4,439

2,236

5,454

320

5,713

1,490

7,430

604

5,131

4,408

6,193

473

-

-

-

-

-

-

-

-

Cash payments for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,675

2,877

2,553

-1,679

1,460

5,818

1,949