Company: FCFS
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000840489-25-000120
Chunk: 77

Company: FirstCash Holdings, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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 EndedNine Months EndedMonths EndedSeptember 30,September 30,September 30,202520242025202420252024Cash flow from operating activities$135,803 $113,090 $379,297 $341,809 $577,446 $440,914 Cash flow from certain investing activities:Pawn loans, net (1) (68,141)(48,836)(98,733)(69,723)(101,009)(45,275)Investments in finance receivables(103,343)(119,579)(338,295)(290,715)(473,397)(378,404)Proceeds from finance receivables84,164 70,956 263,139 204,529 345,113 264,770 Purchases of furniture, fixtures, equipment and improvements(11,553)(13,368)(37,419)(56,032)(49,632)(69,457)Free cash flow36,930 2,263 167,989 129,868 298,521 212,548 Merger and acquisition expenses paid, net of tax benefit8,513 171 11,001 1,675 11,032 4,946 Adjusted free cash flow$45,443 $2,434 $178,990 $131,543 $309,553 $217,494 

(1)Includes the funding of new loans net of cash repayments and recovery of principal through the sale of inventories acquired from forfeiture of pawn collateral.

Constant Currency Results

The Company’s reporting currency is the U.S. dollar, however, certain performance metrics discussed in this report are presented on a “constant currency” basis, which is considered a non-GAAP financial measure. The Company’s management uses constant currency results to evaluate operating results of business operations in Latin America and the U.K., which are transacted in local currencies in Mexico, Guatemala, Colombia and the U.K. The Company also has operations in El Salvador, where the reporting and functional currency is the U.S. dollar.

The Company believes constant currency results provide valuable supplemental information regarding the underlying performance of its business operations in Latin America and the U.K., consistent with how the Company’s management evaluates such performance and operating results. Constant currency results reported herein are calculated by translating certain balance sheet and income statement items denominated in local currencies using the exchange rate from the prior-year comparable period, as opposed to the current comparable period,