Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1814

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 1814
---
     –  
     –  
     1,857  
     1,857 
  
    Stock-based compensation 
     –  
     2,957  
     –  
     –  
     2,957 
  
    Net income 
     –  
     –  
     19,203  
     –  
     19,203 
  
    Balance at December 31, 2024 
     21,433  
    $25,720  
    $267,060  
    $(10) 
    $292,770 

See accompanying Notes to Consolidated Financial
Statements.

 F-7 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Cash flows from operating activities: 

    Net income 
    $19,203  
    $45,343  
    $85,983 
  
    Adjustments to reconcile net income to net cash provided by operating activities: 

    Net interest income accretion on fair value receivables 
     224,304  
     193,541  
     135,147 
  
    Depreciation and amortization 
     862  
     847  
     1,618 
  
    Amortization of deferred financing costs 
     10,574  
     9,690  
     8,207 
  
    Mark to fair value of finance receivables measured at fair value 
     (21,000) 
     (12,000) 
     (15,283)
  
    Provision for credit losses 
     (5,307) 
     (22,300) 
     (28,100)
  
    Stock-based compensation expense 
     2,957  
     3,464  
     4,427 
  
    Changes in assets and liabilities: 

    Other assets 
     (10,028) 
     4,667  
     4,171 
  
    Deferred tax assets, net 
     2,726  
     6,441  
     9,398 
  
    Accounts