Company: FCFS
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000840489-25-000120
Chunk: 175

Company: FirstCash Holdings, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 175
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,507 106,834 106,142 Interest expense32,216 27,424 86,024 78,029 113,221 104,615 Interest income(908)(403)(2,664)(1,407)(3,192)(1,623)EBITDA172,821 138,134 468,535 388,372 631,171 533,865 Adjustments:Merger and acquisition expenses9,472 225 12,711 2,186 12,753 6,438 Purchase accounting and other adjustments (2)— — — — — 13,968 CFPB litigation settlement— — 11,000 — 11,000 — Other (income) expenses, net(1,739)919 (3,683)2,194 (676)185 Adjusted EBITDA$180,554 $139,278 $488,563 $392,752 $654,248 $554,456 

(1)Includes $13.8 million, $37.9 million and $50.3 million of amortization expense related to identifiable intangible assets for the three months, nine months and trailing twelve months ended September 30, 2025, respectively. Includes $12.4 million, $37.3 million and $51.2 million of amortization expense related to identifiable intangible assets for the three months, nine months and trailing twelve months ended September 30, 2024, respectively.

(2)For the twelve months ended September 30, 2024, amount represents other non-recurring costs included in administrative expenses related to a discontinued finance product.

45

Free Cash Flow and Adjusted Free Cash Flow

For purposes of its internal liquidity assessments, the Company considers free cash flow and adjusted free cash flow. The Company defines free cash flow as cash flow from operating activities less purchases of furniture, fixtures, equipment and improvements and net fundings/repayments of pawn loan and finance receivables, which are considered to be operating in nature by the Company but are included in cash flow from investing activities. Adjusted free cash flow is defined as free cash flow adjusted for merger and acquisition expenses paid that management considers to be non-operating in nature.

Free cash flow and adjusted free cash flow are commonly used by investors as additional measures of cash generated by business operations that may be used to repay scheduled debt maturities