Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 88

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 - Leased Merchandise, Net 

Leased merchandise, net consists of the following (in thousands):As of June 30,As ofDecember 31,202520242024Leased merchandise$260,373 $364,831 $319,444 Processing fees(2,229)(3,824)(2,960)Merchant partner (discounts) and premiums, net(34)1,851 493 Accumulated depreciation(87,754)(117,145)(108,283)Leased merchandise, before allowance for lease losses170,356 245,713 208,694 Less allowance for lease losses(69,667)(102,778)(80,257)Leased merchandise, net$100,689 $142,935 $128,437 The following table details the changes in the allowance for lease losses (in thousands):Three Months EndedSix Months EndedJune 30,June 30, 2025202420252024Balance at beginning of period$68,785 $95,127 $80,257 $95,127 Provision for lease losses32,543 47,653 60,105 90,663 Charge-offs(33,633)(41,666)(75,007)(86,679)Recoveries1,972 1,664 4,312 3,667 Balance at end of period$69,667 $102,778 $69,667 $102,778 

16

Note 8 - Long-Term Debt 

The following table details the Company’s long-term debt at the respective principal amounts, net of unamortized debt issuance costs on the senior unsecured notes (in thousands):As of June 30,As ofDecember 31,202520242024Revolving unsecured credit facilities:Revolving unsecured credit facility, maturing 2029 (1)$152,000 $150,000 $198,000 Revolving unsecured uncommitted credit facility, maturing 2027 (1)— — — Total revolving unsecured credit facilities152,000 150,000 198,000 Senior unsecured notes:4.625% senior unsecured notes due 2028 (2)496,135 495,031 495,577 5.625% senior unsecured notes due 2030 (3)544,643 543,632 544,130