FCFS Q3 2018 Earnings Report — FirstCash Holdings, Inc Revenue & Financial Results | Market Cap Arena

FirstCash Holdings, IncFCFS

Q3 2018 Earnings

Reported October 31, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$430M	$420M	$435M	2.4%	-1.3%
Op. Income	$55M	$50M	$48M	10.1%	13.5%
Gross Margin	55.2%	54.4%	53.1%	0.8pp	2.1pp
Net Margin	7.8%	7.2%	6.5%	0.6pp	1.3pp
EPS (Diluted)	$0.76	$0.67	$0.59	13.4%	28.8%
Free Cash Flow	$43M	$20M	$37M	119.5%	16.6%

Revenue Flow

Item	Amount
REVENUE	$430M
Cost of Revenue	$193M
GROSS PROFIT	$237M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$30M
SG&A Expenses	$30M
Other Expenses	$153M
Operating Expenses	$183M
Cost & Expenses	$375M
OPERATING INCOME	$55M
Interest Income	$495.0K
Interest Expense	$8M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$44M
Income Tax Expense	$11M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$11M
EBIT	$52M
EBITDA	$63M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$430M
Cost of Revenue	$193M
GROSS PROFIT	$237M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$30M
SG&A Expenses	$30M
Other Expenses	$153M
Operating Expenses	$183M
Cost & Expenses	$375M
OPERATING INCOME	$55M
Interest Income	$495.0K
Interest Expense	$8M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$44M
Income Tax Expense	$11M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$11M
EBIT	$52M
EBITDA	$63M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$11M
Stock-Based Compensation	$1M
Deferred Income Tax	$2M
Other Non-Cash Items	$4M
Change in Working Capital	$3M
OPERATING CASH FLOW	$54M
Capital Expenditure	-$11M
Acquisitions (Net)	-$52M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$50M
NET CASH FROM INVESTING	-$114M
Net Debt Issuance	$84M
Common Stock Repurchased	-$41M
Common Dividends Paid	-$10M
Other Financing Activities	$0
NET CASH FROM FINANCING	$33M
FREE CASH FLOW	$43M
Net Change in Cash	-$26M

Balance Sheet

Item	Amount
Cash & Equivalents	$57M
Short-Term Investments	$0
Net Receivables	$456M
Inventory	$277M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$809M
PP&E (Net)	$250M
Goodwill	$906M
Intangible Assets	$89M
Long-Term Investments	$0
Tax Assets	$12M
Other Non-Current Assets	$51M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.1B
Account Payables	$103M
Short-Term Debt	$0
Deferred Revenue	$36M
Other Current Liabilities	$36M
TOTAL CURRENT LIABILITIES	$139M
Long-Term Debt	$601M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$52M
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$665M
TOTAL LIABILITIES	$805M
Common Stock	$493.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	$570M
Treasury Stock	-$383M
Accum. Other Comp. Income	-$98M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$601M
Net Debt	$544M