Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 127

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 127
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ITEM 1. 
      FINANCIAL STATEMENTS 

Atlanticus Holdings Corporation and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

(Dollars in thousands)

      March 31,    December 31,  
   2025    2024  
         
 Assets         
 Unrestricted cash and cash equivalents (including $164.3 million and $140.2 million associated with variable interest entities at March 31, 2025 and December 31, 2024, respectively)  $350,390  $375,416 
 Restricted cash and cash equivalents (including $86.9 million and $98.8 million associated with variable interest entities at March 31, 2025 and December 31, 2024, respectively)   111,059   124,220 
 Loans at fair value (including $2,622.4 million and $2,542.9 million associated with variable interest entities at March 31, 2025 and December 31, 2024, respectively)   2,668,503   2,630,274 
 Loans at amortized cost, net (including $4.8 million and $4.9 million of allowance for credit losses at March 31, 2025 and December 31, 2024, respectively; and $20.1 million and $19.8 million of deferred revenue at March 31, 2025 and December 31, 2024, respectively)   81,238   84,332 
 Property at cost, net of depreciation   12,401   10,519 
 Operating lease right-of-use assets   13,844   13,878 
 Prepaid expenses and other assets   34,730   32,068 
 Total assets  $3,272,165  $3,270,707 
 Liabilities         
 Accounts payable and accrued expenses  $81,108  $72,088 
 Operating lease liabilities   24,145   24,188 
 Notes payable, net (including $2,137.6 million and $2,128.0 million associated with variable interest entities at March 31, 2025 and December 31, 2024, respectively)   2,174,632   2,199,448 
 Senior notes, net   299,656   281,552 
 Income