Company: FCFS
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0000840489-25-000061
Chunk: 96

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 8
Chunk 96
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 recovery of principal through the sale of inventories acquired from forfeiture of pawn collateral and changes in net finance receivables, are included in investing activities. The Company paid $12.9 million for furniture, fixtures, equipment and improvements and $6.9 million for discretionary pawn store real property purchases during the three months ended March 31, 2025 compared to $26.4 million and $11.3 million in the prior-year period, respectively. The Company paid $29.2 million in cash related to pawn store acquisitions during the three months ended March 31, 2025 compared to $1.7 million during the three months ended March 31, 2024. The Company received funds from a net decrease in pawn loans of $19.4 million during the three months ended March 31, 2025 and $25.1 million during the three months ended March 31, 2024. The Company funded a net increase in finance receivables of $20.6 million during the three months ended March 31, 2025 and $15.3 million during the three months ended March 31, 2024.

Cash Flow Used in Financing Activities

Net cash used in financing activities increased $20.4 million, or 24%, from $84.9 million for the three months ended March 31, 2024 to $105.3 million for the three months ended March 31, 2025. Net payments on the credit facilities were $23.0 million during the three months ended March 31, 2025 compared to net payments of $553.0 million during the three months ended March 31, 2024. During the three months ended March 31, 2024, the Company received  $500.0 million in proceeds from the private offering of senior unsecured notes which was used to repay a portion of the outstanding balance on the Credit Facility, after payment of fees and expenses related to the offering. The Company paid debt issuance costs of $9.1 million during the three months ended March 31, 2024. The Company funded $59.6 million of share repurchases during the three months ended March 31, 2025. There were no share repurchases during the three months ended March 31, 2024. The Company paid dividends of $16.9 million during the three months ended March 31, 2025, compared to $15.8 million during the three months ended March 31,