Company: FCFS
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000840489-25-000120
Chunk: 176

Company: FirstCash Holdings, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 176
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 and debt service or, following payment of such debt obligations and other non-discretionary items, that may be available to invest in future growth through new business development activities or acquisitions, repurchase stock, pay cash dividends or repay debt obligations prior to their maturities. These metrics can also be used to evaluate the Company’s ability to generate cash flow from business operations and the impact that this cash flow has on the Company’s liquidity. However, free cash flow and adjusted free cash flow have limitations as analytical tools and should not be considered in isolation or as a substitute for cash flow from operating activities or other income statement data prepared in accordance with GAAP. The following table reconciles cash flow from operating activities to free cash flow and adjusted free cash flow (in thousands):

Trailing TwelveThree Months 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