Company: IMXI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001683695-25-000030
Chunk: 106

Company: International Money Express, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 106
---
 FLOWS(in thousands)

Year Ended December 31,202420232022Cash flows from operating activities:Net income$58,821 $59,515 $57,331 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization13,645 12,866 9,470 Share-based compensation7,043 8,111 7,118 Provision for credit losses6,411 4,997 2,572 Fair value of contingent consideration— (763)— Debt origination costs amortization1,416 1,130 998 Deferred income tax benefit, net(448)(2,623)(503)Non-cash lease expense7,028 7,848 3,105 Loss on disposal of property and equipment1,592 1,785 788 Total adjustments36,687 33,351 23,548 Changes in operating assets and liabilities:Accounts receivable, net41,598 (29,243)(48,628)Prepaid wires, net(24,457)68,366 (32,444)Prepaid expenses and other assets5,693 (6,852)(3,919)Lease Liabilities(5,852)(6,235)594 Wire transfers and money orders payable, net(36,280)3,987 19,734 Accounts payable and accrued and other liabilities(23,125)20,636 (1,042)Net cash provided by operating activities53,085 143,525 15,174 Cash flows from investing activities:Cash used in business acquisitions, net of cash and cash equivalents acquired(1,249)(5,477)(131)Cash used in asset acquisitions(12,000)— — Purchases of property and equipment(29,997)(12,803)(12,173)Acquisition of agent locations(700)— (225)Net cash used in investing activities(43,946)(18,280)(12,529)Cash flows from financing activities:Repayments of term loan facility(75,469)(5,469)(4,375)Borrowings under revolving credit facility3,019,200 38,000 76,000 Repayments under revolving credit facility(2,976,600)— — Debt origination costs(3,066)(751)(50)(Payments) proceeds from exercise of options(669)1