Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 173

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 2
Chunk 173
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 the non-GAAP financial measures, as presented, may not be comparable to other similarly-titled measures of other companies.

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The Company has adjusted the applicable financial calculations to exclude merger and acquisition expenses, amortization of acquired AFF intangible assets, the CFPB litigation settlement and certain other income and expenses. The Company does not consider these items to be related to the organic operations of the Company’s businesses or its continuing operations and are generally not relevant to assessing or estimating the long-term performance of the Company. In addition, excluding these items allows for more accurate comparisons of the financial results to prior periods. Merger and acquisition expenses include incremental costs directly associated with merger and acquisition activities, including professional fees, legal expenses, severance, retention and other employee-related costs, contract breakage costs and costs related to the consolidation of technology systems and corporate facilities, among others. 

Adjusted Net Income and Adjusted Diluted Earnings Per Share

Management believes the presentation of adjusted net income and adjusted diluted earnings per share provides investors with greater transparency and provides a more complete understanding of the Company’s financial performance and prospects for the future by excluding items that management believes are non-operating in nature and are not representative of the Company’s core operating performance. In addition, management believes the adjustments shown below are useful to investors in order to allow them to compare the Company’s financial results for the current periods presented with the prior periods presented.

The following table provides a reconciliation between net income and diluted earnings per share calculated in accordance with GAAP to adjusted net income and adjusted diluted earnings per share, which are shown net of tax (in thousands, except per share amounts):

Three Months Ended June 30,Six Months Ended June 30, 20252024202520242025202420252024In ThousandsIn ThousandsPer SharePer ShareIn ThousandsIn ThousandsPer SharePer ShareNet income and diluted earnings per share, as reported$59,805 $49,073 $1.34 $1.08 $143,396 $110,441 $3.21 $2.44 Adjustments, net of tax:Merger and acquisition expenses2,134 1,047 0.05 0.03 2,488 1,504 0.06 0.03 Amortization of acquired AFF intangible assets9,258 9,572 0.21 0.21 18,516 19,145 0.41 0.42 CFPB litigation