Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 74

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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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 accounting and other adjustments (2)— — — — — 13,968 CFPB litigation settlement11,000 — 11,000 — 11,000 — Other (income) expenses, net(1,401)2,867 (1,944)1,275 1,982 (486)Adjusted EBITDA$145,129 $121,882 $308,009 $253,474 $612,972 $548,163 

(1)Includes $12.0 million, $24.0 million and $48.9 million of amortization expense related to identifiable intangible assets as a result of the AFF acquisition for the three months, six months and trailing twelve months ended June 30, 2025, respectively. Includes $12.4 million, $24.9 million and $52.9 million of amortization expense related to identifiable intangible assets as a result of the AFF acquisition for the three months, six months and trailing twelve months ended June 30, 2024, respectively.

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

52

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