Company: CPSS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003436
Chunk: 3

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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,500) 
     (5,000)
  
    Provision for credit losses 
     (979) 
     (1,635)
  
    Stock-based compensation expense 
     717  
     832 
  
    Changes in assets and liabilities: 

    Deferred tax assets, net 
     184  
     251 
  
    Other assets 
     (407) 
     (16,702)
  
    Accounts payable and accrued expenses 
     5,138  
     16,579 
  
    Net cash provided by operating activities 
     73,868  
     52,705 

    Cash flows from investing activities: 

    Payments received on finance receivables held for investment 
     3,106  
     9,428 
  
    Purchases of finance receivables measured at fair value 
     (449,602) 
     (328,893)
  
    Payments received on finance receivables at fair value 
     252,856  
     210,935 
  
    Change in repossessions held in inventory 
     –  
     9 
  
    Purchase of furniture and equipment 
     (471) 
     (111)
  
    Net cash used in investing activities 
     (194,111) 
     (108,632)

    Cash flows from financing activities: 

    Proceeds from issuance of securitization trust debt 
     442,420  
     280,924 
  
    Proceeds from issuance of subordinated renewable notes 
     1,603  
     5,489 
  
    Payments on subordinated renewable notes 
     (545) 
     (537)
  
    Net proceeds from (repayments of) warehouse lines of credit 
     (45,811) 
     17,176 
  
    Net Proceeds from (repayment of) residual interest financing debt 
     65,000  
     50,000 
  
    Repayment of securitization trust debt 
     (292,997) 
     (268,710)
  
    Payment of financing costs 
     (3,592) 
     (1,899)
  
    Purchase of common stock 
     –  
     (1,697)
  
    Exercise of options and warrants 
     246  
     705