Company: FCFS
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0000840489-25-000061
Chunk: 52

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 1
Chunk 52
---
 and other corporate assets, and discretionary purchases of store real property. In addition, cash flows related to the funding of new pawn loans, net of cash repayments and recovery of principal through the sale of inventories acquired from forfeiture of pawn collateral and changes in net finance receivables, are included in investing activities. The Company paid $12.9 million for furniture, fixtures, equipment and improvements and $6.9 million for discretionary pawn store real property purchases during the three months ended March 31, 2025 compared to $26.4 million and $11.3 million in the prior-year period, respectively. The Company paid $29.2 million in cash related to pawn store acquisitions during the three months ended March 31, 2025 compared to $1.7 million during the three months ended March 31, 2024. The Company received funds from a net decrease in pawn loans of $19.4 million during the three months ended March 31, 2025 and $25.1 million during the three months ended March 31, 2024. The Company funded a net increase in finance receivables of $20.6 million during the three months ended March 31, 2025 and $15.3 million during the three months ended March 31, 2024.

Cash Flow Used in Financing Activities

Net cash used in financing activities increased $20.4 million, or 24%, from $84.9 million for the three months ended March 31, 2024 to $105.3 million for the three months ended March 31, 2025. Net payments on the credit facilities were $23.0 million during the three months ended March 31, 2025 compared to net payments of $553.0 million during the three months ended March 31, 2024. During the three months ended March 31, 2024, the Company received  $500.0 million in proceeds from the private offering of senior unsecured notes which was used to repay a portion of the outstanding balance on the Credit Facility, after payment of fees and expenses related to the offering. The Company paid debt issuance costs of $9.1 million during the three months ended March 31, 2024. The Company funded $59.6 million of share repurchases during the three months ended March 31, 2025. There were no share repurchases during the three months ended March 31, 2024. The Company paid dividends of $16