Atlanticus Holdings Corp
For the period ended Dec 31, 2023. Filed Mar 4, 2024.
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FY2023 · Filed Mar 4, 2024
ATLC$79.69-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| For the Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating activities | ||
| Net income | $101,954 | $134,612 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, amortization and accretion, net | 4,043 | 4,848 |
| Provision for credit losses | 2,152 | 1,252 |
| Deferred income tax expense | 37,825 | 20,975 |
| Income from accretion of merchant fees and discount associated with receivables purchases | (146,880) | (137,179) |
| Changes in fair value of loans | 689,577 | 577,069 |
| Amortization of debt issuance costs | 7,179 | 5,101 |
| Stock-based compensation costs | 3,783 | 4,167 |
| Lease liability payments | (1,871) | (4,053) |
| Changes in assets and liabilities: | ||
| Increase in uncollected fees on earning assets | (247,353) | (252,704) |
| Decrease in income tax liability | (12,688) | (10,563) |
| Increase in accounts payable and accrued expenses | 18,414 | 4,260 |
| Other | 3,182 | (155) |
| Net cash provided by operating activities | 459,317 | 347,630 |
| Investing activities | ||
| Proceeds from recoveries on charged off receivables | 51,578 | 32,361 |
| Investments in earning assets | (2,516,359) | (2,546,127) |
| Proceeds from earning assets | 1,796,570 | 1,836,333 |
| Purchases and development of property | (3,992) | (4,852) |
| Net cash used in investing activities | (672,203) | (682,285) |
| Financing activities | ||
| Noncontrolling interests contributions | 4 | 114 |
| Proceeds from issuance of Series B preferred stock, net of issuance costs | 1,118 | 437 |
| Preferred stock and preferred unit dividends | (24,910) | (24,793) |
| Proceeds from exercise of stock options | 3,405 | 3,731 |
| Purchase and retirement of outstanding stock | (17,673) | (89,008) |
| Proceeds from borrowings | 955,278 | 680,527 |
| Repayment of borrowings | (753,877) | (309,753) |
| Net cash provided by financing activities | 163,345 | 261,255 |
| Effect of exchange rate changes on cash | 2 | (36) |
| Net decrease in cash and cash equivalents and restricted cash | (49,539) | (73,436) |
| Cash and cash equivalents and restricted cash at beginning of period | 433,192 | 506,628 |
| Cash and cash equivalents and restricted cash at end of period | $383,653 | $433,192 |
| Supplemental cash flow information | ||
| Cash paid for interest | $99,450 | $75,357 |
| Net cash income tax payments | $1,467 | $4,248 |
| Accretion of discount associated with issuance of subsidiary equity | $300 | $300 |
| Increase in accrued and unpaid preferred stock and preferred unit dividends | $4 | $1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.