Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 136

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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 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 EndedSix Months EndedMonths EndedJune 30,June 30,June 30,202520242025202420252024Cash flow from operating activities$116,854 $106,187 $243,494 $228,719 $554,733 $439,192 Cash flow from certain investing activities:Pawn loans, net (1) (50,032)(46,036)(30,592)(20,887)(81,704)(56,053)Finance receivables, net(35,411)(22,252)(55,977)(37,563)(157,728)(95,880)Purchases of furniture, fixtures, equipment and improvements(12,952)(16,237)(25,866)(42,664)(51,447)(74,464)Free cash flow18,459 21,662 131,059 127,605 263,854 212,795 Merger and acquisition expenses paid, net of tax benefit2,134 1,047 2,488 1,504 2,690 7,380 Adjusted free cash flow$20,593 $22,709 $133,547 $129,109 $266,544 $220,175 

(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 “constant currency” basis, which is considered a non-GAAP financial measure. The Company’s management uses constant currency results to evaluate operating results of business operations in Latin America, which are transacted in local currencies in Mexico, Guatemala and Colombia. The Company also has operations in El Salvador, where the reporting and functional currency is the U.S. dollar.

The Company believes constant currency results provide valuable supplemental information regarding the underlying performance of its business operations in Latin America, consistent with