Atlanticus Holdings Corp
For the period ended Dec 31, 2023. Filed Mar 4, 2024.
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FY2023 · Filed Mar 4, 2024
ATLC$81.12-11.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Unrestricted cash and cash equivalents (including $158.0 million and $202.2 million associated with variable interest entities at December 31, 2023 and December 31, 2022, respectively) | $339,338 | $384,984 |
| Restricted cash and cash equivalents (including $20.5 million and $27.6 million associated with variable interest entities at December 31, 2023 and December 31, 2022, respectively) | 44,315 | 48,208 |
| Loans, interest and fees receivable: | ||
| Loans at fair value (including $2,128.6 million and $1,735.9 million associated with variable interest entities at December 31, 2023 and December 31, 2022, respectively) | 2,173,759 | 1,817,976 |
| Loans at amortized cost | 118,045 | 105,267 |
| Allowances for credit losses | (1,759) | (1,643) |
| Deferred revenue | (17,861) | (16,190) |
| Net loans, interest and fees receivable | 2,272,184 | 1,905,410 |
| Property at cost, net of depreciation | 11,445 | 10,013 |
| Operating lease right-of-use assets | 11,310 | 11,782 |
| Prepaid expenses and other assets | 27,853 | 27,417 |
| Total assets | $2,706,445 | $2,387,814 |
| Liabilities | ||
| Accounts payable and accrued expenses | $61,634 | $44,332 |
| Operating lease liabilities | 20,180 | 20,112 |
| Notes payable, net (including $1,795.9 million and $1,586.0 million associated with variable interest entities at December 31, 2023 and December 31, 2022, respectively) | 1,861,685 | 1,653,306 |
| Senior notes, net | 144,453 | 144,385 |
| Income tax liability | 85,826 | 60,689 |
| Total liabilities | 2,173,778 | 1,922,824 |
| Commitments and contingencies (Note 11) | ||
| Preferred stock, no par value, 10,000,000 shares authorized: | ||
| Series A preferred stock, 400,000 shares issued and outstanding at December 31, 2023 (liquidation preference - $40.0 million); 400,000 shares issued and outstanding at December 31, 2022 (Note 5) (1) | 40,000 | 40,000 |
| Class B preferred units issued to noncontrolling interests (Note 5) | 100,250 | 99,950 |
| Shareholders' Equity | ||
| Series B preferred stock, no par value, 3,256,561 shares issued and outstanding at December 31, 2023 (liquidation preference - $81.4 million); 3,204,640 shares issued and outstanding at December 31, 2022 (1) | — | — |
| Common stock, no par value, 150,000,000 shares authorized: 14,603,563 and 14,453,415 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively | — | — |
| Paid-in capital | 87,415 | 121,996 |
| Retained earnings | 307,260 | 204,415 |
| Total shareholders’ equity | 394,675 | 326,411 |
| Noncontrolling interests | (2,258) | (1,371) |
| Total equity | 392,417 | 325,040 |
| Total liabilities, shareholders' equity and temporary equity | $2,706,445 | $2,387,814 |
(1) Both the Series A preferred stock and the Series B preferred stock have no par value and are part of the same aggregate 10,000,000 shares authorized.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.