Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 174

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 2
Chunk 174
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 settlement9,390 — 0.21 — 9,390 — 0.21 — Other (income) expenses, net(967)2,206 (0.02)0.05 (1,391)997 (0.03)0.02 Adjusted net income and diluted earnings per share$79,620 $61,898 $1.79 $1.37 $172,399 $132,087 $3.86 $2.91 

51

Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA

The Company defines EBITDA as net income before income taxes, depreciation and amortization, interest expense and interest income and adjusted EBITDA as EBITDA adjusted for certain items, as listed below, that management considers to be non-operating in nature and not representative of its actual operating performance. The Company believes EBITDA and adjusted EBITDA are commonly used by investors to assess a company’s financial performance, and adjusted EBITDA is used as a starting point in the calculation of the consolidated total debt ratio as defined in the Company’s senior unsecured notes. The following table provides a reconciliation of net income to EBITDA and adjusted EBITDA (in thousands):  

Trailing Twelve Three Months EndedSix Months EndedMonths EndedJune 30,June 30,June 30,202520242025202420252024Net income$59,805 $49,073 $143,396 $110,441 $291,770 $237,174 Income taxes21,274 17,105 48,900 37,622 95,239 80,001 Depreciation and amortization (1)25,864 26,547 51,366 52,574 103,733 107,574 Interest expense26,337 25,187 53,808 50,605 108,429 101,880 Interest income(527)(261)(1,756)(1,004)(2,687)(1,548)EBITDA132,753 117,651 295,714 250,238 596,484 525,081 Adjustments:Merger and acquisition expenses2,777 1,364 3,239 1,961 3,506 9,600 AFF purchase