FCFS FY 2023 Earnings Report — FirstCash Holdings, Inc Revenue & Financial Results | Market Cap Arena

FirstCash Holdings, IncFCFS

FY 2023 Earnings

Reported February 5, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$3.2B	—	$2.7B	—	15.5%
Op. Income	$390M	—	$284M	—	37.2%
Gross Margin	47.8%	—	46.3%	—	1.5pp
Net Margin	7.0%	—	9.3%	—	-2.3pp
EPS (Diluted)	$4.80	—	$5.36	—	-10.4%
Free Cash Flow	$356M	—	$434M	—	-17.9%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$176M
SG&A Expenses	$176M
Other Expenses	$941M
Operating Expenses	$1.1B
Cost & Expenses	$2.8B
OPERATING INCOME	$390M
Interest Income	$1M
Interest Expense	$93M
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$293M
Income Tax Expense	$74M
Net Income from Continuing Ops	$219M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$219M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$219M
D&A	$521M
EBIT	$386M
EBITDA	$907M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$176M
SG&A Expenses	$176M
Other Expenses	$941M
Operating Expenses	$1.1B
Cost & Expenses	$2.8B
OPERATING INCOME	$390M
Interest Income	$1M
Interest Expense	$93M
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$293M
Income Tax Expense	$74M
Net Income from Continuing Ops	$219M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$219M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$219M
D&A	$521M
EBIT	$386M
EBITDA	$907M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$219M
Depreciation & Amortization	$521M
Stock-Based Compensation	$14M
Deferred Income Tax	-$13M
Other Non-Cash Items	$284M
Change in Working Capital	-$609M
OPERATING CASH FLOW	$416M
Capital Expenditure	-$60M
Acquisitions (Net)	-$181M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$221M
NET CASH FROM INVESTING	-$462M
Net Debt Issuance	$230M
Common Stock Repurchased	-$114M
Common Dividends Paid	-$62M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	$51M
FREE CASH FLOW	$356M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$127M
Short-Term Investments	$0
Net Receivables	$658M
Inventory	$312M
Other Current Assets	$210M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$961M
Goodwill	$1.7B
Intangible Assets	$278M
Long-Term Investments	$0
Tax Assets	$7M
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$4.3B
Account Payables	$27M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$157M
TOTAL CURRENT LIABILITIES	$336M
Long-Term Debt	$1.6B
Deferred Revenue NC	-$137M
Deferred Tax Liabilities	$137M
Other Non-Current Liabilities	$137M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$2.3B
Common Stock	$573.0K
Additional Paid-In Capital	$1.7B
Retained Earnings	$1.2B
Treasury Stock	-$920M
Accum. Other Comp. Income	-$43M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$1.9B
Net Debt	$1.8B