Company: FCFS
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000840489-25-000032
Chunk: 16

Company: FirstCash Holdings, Inc.
Filing Date: 2025-02-03
Form: 10-K
Item: Item 7
Chunk 16
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 American earning assets as of December 31, 2024 compared to December 31, 2023 was also impacted by a 20% unfavorable change in the end-of-period Mexican peso compared to the U.S. dollar. Constant currency results are non-GAAP financial measures, which exclude the effects of foreign currency translation and are calculated by translating current-year results at prior-year average exchange rates. See the “Constant Currency Results” section in “Non-GAAP Financial Information” below for additional discussion of constant currency operating results.

The following table presents segment pre-tax operating income and other operating metrics of the Latin America pawn segment for the year ended December 31, 2024 as compared to the year ended December 31, 2023 (dollars in thousands). Operating expenses include salary and benefit expense of pawn store-level employees, occupancy costs, bank charges, security, insurance, utilities, supplies and other costs incurred by the pawn stores.

Constant Currency BasisYear EndedYear EndedDecember 31,Increase /December 31,Increase /2024(Decrease) 20242023(Decrease)(Non-GAAP)(Non-GAAP)Latin America Pawn SegmentRevenue:Retail merchandise sales$541,787 $533,612 2 %$556,686 4 %Pawn loan fees231,864 222,774 4 %238,305 7 %Wholesale scrap jewelry sales38,237 46,917 (19)%38,237 (19)%Total revenue811,888 803,303 1 %833,228 4 %Cost of revenue:   Cost of retail merchandise sold350,906 345,309 2 %360,452 4 %Cost of wholesale scrap jewelry sold31,086 37,276 (17)%31,977 (14)%Total cost of revenue381,992 382,585 — %392,429 3 %Net revenue429,896 420,718 2 %440,799 5 %Segment expenses:   Operating expenses259,307 243,146 7 %266,102 9 %Depreciation and amortization20,369 21,350 (5)%20,855 (2)%Total segment expenses279,676 264,496 6 %286,957 8 %Segment pre-tax operating income$150,220 $156,222 (4)%$153,842