Company: FCFS
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0000840489-25-000061
Chunk: 66

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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,095 $175,095 $— $— Accounts receivable, net73,325 73,325 — — 73,325 Pawn loans517,867 517,867 — — 517,867 Finance receivables, net (1)147,501 296,526 — — 296,526 $913,788 $1,062,813 $175,095 $— $887,718 Financial liabilities:Revolving unsecured credit facilities$198,000 $198,000 $— $198,000 $— Senior unsecured notes (outstanding principal)1,550,000 1,503,000 — 1,503,000 — $1,748,000 $1,701,000 $— $1,701,000 $— (1)Finance receivables, gross as of December 31, 2024 were $294.2 million. See Note 5.As cash and cash equivalents have maturities of less than three months, the carrying value of cash and cash equivalents approximates fair value. Due to their short-term maturities, the carrying value of pawn loans and accounts receivable, net approximate fair value. Finance receivables are measured at amortized cost, net of an allowance for loan losses on the consolidated balance sheets. In estimating fair value for finance receivables, the Company utilized a discounted cash flow methodology. The Company used various unobservable inputs reflecting its own assumptions, such as contractual future principal and interest cash flows, future charge-off rates and discount rates (which consider current interest rates and are adjusted for credit risk, among other factors).The carrying value of the unsecured credit facilities approximates fair value as of March 31, 2025, March 31, 2024 and December 31, 2024. The fair value of the unsecured credit facilities is estimated based on market values for debt issuances with similar characteristics or rates currently available for debt with similar terms. In addition, the unsecured credit facilities have a variable interest rate based on the prevailing secured overnight financing rate (“SOFR”) or the Mexican Central Bank’s interbank equilibrium rate (“TIIE”) and reprice with any changes in SOFR or TIIE. The fair value of the senior unsecured notes is estimated based on quoted prices in markets that are not active.

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