Company: FCFS
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0000840489-25-000061
Chunk: 56

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 calculated in accordance with GAAP to adjusted net income and adjusted diluted earnings per share, which are shown net of tax (in thousands, except per share amounts):

Three Months Ended March 31, 2025202420252024In ThousandsIn ThousandsPer SharePer ShareNet income and diluted earnings per share, as reported$83,591 $61,368 $1.87 $1.35 Adjustments, net of tax:Merger and acquisition expenses354 457 — 0.01 Non-cash foreign currency loss (gain) related to lease liability40 (169)— — Amortization of acquired AFF intangible assets9,258 9,573 0.21 0.21 Other income, net(462)(1,040)(0.01)(0.02)Adjusted net income and diluted earnings per share$92,781 $70,189 $2.07 $1.55 

38

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 EndedMonths EndedMarch 31,March 31,2025202420252024Net income$83,591 $61,368 $281,038 $233,281 Income taxes27,626 20,517 91,070 78,240 Depreciation and amortization (1)25,502 26,027 104,416 108,077 Interest expense27,471 25,418 107,279 97,764 Interest income(1,229)(743)(2,421)(1,695)EBITDA162,961 132,587 581,382 515,667 Adjustments:Mer