FCFS FY 2021 Earnings Report — FirstCash Holdings, Inc Revenue & Financial Results | Market Cap Arena

FirstCash Holdings, IncFCFS

FY 2021 Earnings

Reported February 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.6B	—	4.1%
Op. Income	$197M	—	$196M	—	0.6%
Gross Margin	54.1%	—	55.9%	—	-1.8pp
Net Margin	7.4%	—	6.5%	—	0.8pp
EPS (Diluted)	$3.04	—	$2.56	—	18.8%
Free Cash Flow	$181M	—	$185M	—	-1.9%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$780M
GROSS PROFIT	$919M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$111M
SG&A Expenses	$111M
Other Expenses	$611M
Operating Expenses	$722M
Cost & Expenses	$1.5B
OPERATING INCOME	$197M
Interest Income	$696.0K
Interest Expense	$32M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$167M
Income Tax Expense	$42M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$59M
EBIT	$199M
EBITDA	$258M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$780M
GROSS PROFIT	$919M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$111M
SG&A Expenses	$111M
Other Expenses	$611M
Operating Expenses	$722M
Cost & Expenses	$1.5B
OPERATING INCOME	$197M
Interest Income	$696.0K
Interest Expense	$32M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$167M
Income Tax Expense	$42M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$59M
EBIT	$199M
EBITDA	$258M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$125M
Depreciation & Amortization	$59M
Stock-Based Compensation	$5M
Deferred Income Tax	$11M
Other Non-Cash Items	$40M
Change in Working Capital	-$16M
OPERATING CASH FLOW	$223M
Capital Expenditure	-$42M
Acquisitions (Net)	-$544M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$159M
NET CASH FROM INVESTING	-$745M
Net Debt Issuance	$686M
Common Stock Repurchased	-$50M
Common Dividends Paid	-$48M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	$577M
FREE CASH FLOW	$181M
Net Change in Cash	$54M

Balance Sheet

Item	Amount
Cash & Equivalents	$120M
Short-Term Investments	$0
Net Receivables	$584M
Inventory	$263M
Other Current Assets	$149M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$769M
Goodwill	$1.5B
Intangible Assets	$388M
Long-Term Investments	$0
Tax Assets	$6M
Other Non-Current Assets	$9M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$3.8B
Account Payables	$23M
Short-Term Debt	$0
Deferred Revenue	$57M
Other Current Liabilities	$34M
TOTAL CURRENT LIABILITIES	$392M
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$126M
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$2.0B
Common Stock	$573.0K
Additional Paid-In Capital	$1.7B
Retained Earnings	$867M
Treasury Stock	-$653M
Accum. Other Comp. Income	-$131M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$1.6B
Net Debt	$1.5B