Company: FCFS
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000840489-25-000120
Chunk: 135

Company: FirstCash Holdings, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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 of acquired intangible assets, the CFPB litigation settlement and certain other income and expenses. The Company does not consider these items to be related to the organic operations of the Company’s businesses or its continuing operations and are generally not relevant to assessing or estimating the long-term performance of the Company. In addition, excluding these items allows for more accurate comparisons of the financial results to prior periods. Merger and acquisition expenses include incremental costs directly associated with merger and acquisition activities, including professional fees, legal expenses, severance, retention and other employee-related costs, contract breakage costs and costs related to the consolidation of technology systems and corporate facilities, among others. 

43

Adjusted Net Income and Adjusted Diluted Earnings Per Share

Management believes the presentation of adjusted net income and adjusted diluted earnings per share provides investors with greater transparency and provides a more complete understanding of the Company’s financial performance and prospects for the future by excluding items that management believes are non-operating in nature and are not representative of the Company’s core operating performance. In addition, management believes the adjustments shown below are useful to investors in order to allow them to compare the Company’s financial results for the current periods presented with the prior periods presented.

The following table provides a reconciliation between net income and diluted earnings per share calculated in accordance with GAAP to adjusted net income and adjusted diluted earnings per share, which are shown net of tax (in thousands, except per share amounts):

Three Months Ended September 30,Nine Months Ended September 30, 20252024202520242025202420252024In ThousandsIn ThousandsPer SharePer ShareIn ThousandsIn ThousandsPer SharePer ShareNet income and diluted earnings per share, as reported$82,807 $64,827 $1.86 $1.44 $226,203 $175,268 $5.07 $3.88 Adjustments, net of tax:Merger and acquisition expenses8,513 171 0.19 0.01 11,001 1,675 0.25 0.04 Amortization of acquired intangible assets10,613 9,572 0.24 0.21 29,129 28,717 0.65 0.63 CFPB litigation settlement— — — — 9,390 — 0.21 — Other (income) expenses, net(1,300)609 (0.03)0.01 (