Company: FCFS
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000840489-25-000055
Chunk: 39

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 39
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 |      |     |      6.70 |     |      |     |      6.06 |     |          |     | 11 | % |
| Adjusted EBITDA(1)                     |     |      |     |   558,437 |     |      |     |   511,732 |     |          |     |  9 | % |

(1) Non-GAAP financial measure. See detailed reconciliation of non-GAAP financial measures provided in Appendix A.

Other 2024 Financial Highlights

• Generated cash flows from operations of $540 million, an increase of 30% over the prior year.

• Increased and extended the Company’s U.S. bank line of credit to $700 million in order to support the continued growth of the core pawn business and AFF.

• Completed an offering of $500 million of 6.875% senior unsecured notes due in 2032 to provide additional long-term financing to further support growth.

• Returned $151 million to shareholders

• Paid cash dividends to its stockholders totaling $66 million, or $1.46 per share.

• Repurchased 721,000 shares of common stock at an aggregate cost of $85 million.

Segment Operating Results

• Combined U.S. and Latin America Pawn Segments:

• Pawn revenues increased 10% in total for 2024 compared to 2023.

• Segment pre-tax income increased 11% in total for 2024 compared to 2023.

• Pawn receivables increased 10% at December 31, 2024 compared to December 31, 2023.

• Opened or acquired 99 stores in 2024 ending the year with 3,026 pawn stores, 1,826 of which were located in Latin America and 1,200 were located in the U.S.

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• Retail POS Payment Solutions (AFF) Segment:

• The retail furniture industry experienced a difficult year in 2024 with generally weak sales volumes and multiple store closings, including the bankruptcies of Conn’s HomePlus and American Freight, which were two large merchant partners of AFF.

• AFF continues to grow and diversify its merchant partner base ending the year with approximately 13,600 active retail and e-commerce merchant partner locations, an increase of 17% compared to the prior year. Excluding certain furniture locations closed due to bankruptcies, the number of active doors increased over 25%.

• Gross transaction volume of lease