Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 749

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 3
Chunk 749
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 residual interest financing debt 
     50,000  
     –  
     (4,311)
  
    Repayment of securitization trust debt 
     (1,124,088) 
     (1,078,432) 
     (1,060,052)
  
    Payment of financing costs 
     (15,869) 
     (7,888) 
     (12,299)
  
    Purchase of common stock 
     (12,828) 
     (20,273) 
     (46,096)
  
    Exercise of options and warrants 
     6,913  
     16,581  
     15,277 
  
    Net cash provided by financing activities 
     547,924  
     84,194  
     484,209 

    Increase (decrease) in cash and cash equivalents 
     11,966  
     (37,358) 
     (13,759)

    Cash and cash equivalents at beginning of year 
     125,431  
     162,789  
     176,548 
  
    Cash and cash equivalents at end of year 
    $137,397  
    $125,431  
    $162,789 

    Supplemental disclosure of cash flow information: 

    Cash paid during the period for: 

    Interest 
    $177,949  
    $135,203  
    $76,696 
  
    Income taxes 
     11,799  
     3,552  
     16,182 

See accompanying Notes to Consolidated Financial Statements.

 F-8 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(1) Summary of Significant Accounting Policies

Description of Business

Consumer Portfolio Services,
Inc. (“CPS”) was incorporated in California on March 8, 1991. CPS and its subsidiaries (collectively, the “Company”)
specialize in purchasing and servicing retail automobile installment sale contracts ("Contracts") originated by licensed motor
vehicle dealers (“Dealers”) located throughout the United States. Customers located in Texas, Ohio, California, Illinois, Florida,
and Georgia represented 7.8%, 7.3%, 6.0%, 5.7%, 5.