FCFS FY 2019 Earnings Report — FirstCash Holdings, Inc Revenue & Financial Results | Market Cap Arena

FirstCash Holdings, IncFCFS

FY 2019 Earnings

Reported February 3, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.8B	—	4.7%
Op. Income	$259M	—	$240M	—	7.5%
Gross Margin	54.6%	—	54.3%	—	0.3pp
Net Margin	8.8%	—	8.6%	—	0.2pp
EPS (Diluted)	$3.81	—	$3.41	—	11.7%
Free Cash Flow	$187M	—	$208M	—	-9.9%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$846M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$122M
SG&A Expenses	$122M
Other Expenses	$637M
Operating Expenses	$760M
Cost & Expenses	$1.6B
OPERATING INCOME	$259M
Interest Income	$1M
Interest Expense	$34M
Other Income/Expenses	-$34M
INCOME BEFORE TAX	$225M
Income Tax Expense	$60M
Net Income from Continuing Ops	$165M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$165M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$165M
D&A	$42M
EBIT	$259M
EBITDA	$301M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$846M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$122M
SG&A Expenses	$122M
Other Expenses	$637M
Operating Expenses	$760M
Cost & Expenses	$1.6B
OPERATING INCOME	$259M
Interest Income	$1M
Interest Expense	$34M
Other Income/Expenses	-$34M
INCOME BEFORE TAX	$225M
Income Tax Expense	$60M
Net Income from Continuing Ops	$165M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$165M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$165M
D&A	$42M
EBIT	$259M
EBITDA	$301M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$165M
Depreciation & Amortization	$42M
Stock-Based Compensation	$9M
Deferred Income Tax	$7M
Other Non-Cash Items	$4M
Change in Working Capital	$6M
OPERATING CASH FLOW	$232M
Capital Expenditure	-$44M
Acquisitions (Net)	-$52M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$40M
NET CASH FROM INVESTING	-$137M
Net Debt Issuance	$40M
Common Stock Repurchased	-$116M
Common Dividends Paid	-$44M
Other Financing Activities	-$749.0K
NET CASH FROM FINANCING	-$121M
FREE CASH FLOW	$187M
Net Change in Cash	-$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$47M
Short-Term Investments	$0
Net Receivables	$418M
Inventory	$265M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$741M
PP&E (Net)	$641M
Goodwill	$949M
Intangible Assets	$86M
Long-Term Investments	$0
Tax Assets	$12M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.4B
Account Payables	$6M
Short-Term Debt	$0
Deferred Revenue	$40M
Other Current Liabilities	$28M
TOTAL CURRENT LIABILITIES	$203M
Long-Term Debt	$632M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$61M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$887M
TOTAL LIABILITIES	$1.1B
Common Stock	$493.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	$727M
Treasury Stock	-$512M
Accum. Other Comp. Income	-$97M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$912M
Net Debt	$865M