Atlanticus Holdings Corp
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
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, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Unrestricted cash and cash equivalents (including $140.2 million and $158.0 million associated with variable interest entities at December 31, 2024 and December 31, 2023, respectively) | $375,416 | $339,338 |
| Restricted cash and cash equivalents (including $98.8 million and $20.5 million associated with variable interest entities at December 31, 2024 and December 31, 2023, respectively) | 124,220 | 44,315 |
| Loans at fair value (including $2,542.9 million and $2,128.6 million associated with variable interest entities at December 31, 2024 and December 31, 2023, respectively) | 2,630,274 | 2,173,759 |
| Loans at amortized cost, net (including $4.9 million and $1.8 million of allowance for credit losses at December 31, 2024 and December 31, 2023, respectively; and $19.8 million and $17.9 million of deferred revenue at December 31, 2024 and December 31, 2023, respectively) | 84,332 | 98,425 |
| Property at cost, net of depreciation | 10,519 | 11,445 |
| Operating lease right-of-use assets | 13,878 | 11,310 |
| Prepaid expenses and other assets | 32,068 | 27,853 |
| Total assets | $3,270,707 | $2,706,445 |
| Liabilities | ||
| Accounts payable and accrued expenses | $72,088 | $61,634 |
| Operating lease liabilities | 24,188 | 20,180 |
| Notes payable, net (including $2,128.0 million and $1,795.9 million associated with variable interest entities at December 31, 2024 and December 31, 2023, respectively) | 2,199,448 | 1,861,685 |
| Senior notes, net | 281,552 | 144,453 |
| Income tax liability | 114,068 | 85,826 |
| Total liabilities | 2,691,344 | 2,173,778 |
| Commitments and contingencies (Note 10) | ||
| Preferred stock, no par value, 10,000,000 shares authorized: | ||
| Series A preferred stock, 400,000 shares issued and outstanding (liquidation preference - $40.0 million) at December 31, 2024 and December 31, 2023 (Note 5) (1) | 40,000 | 40,000 |
| Class B preferred units issued to noncontrolling interests (Note 5) | 50,000 | 100,250 |
| Shareholders' Equity | ||
| Series B preferred stock, no par value, 3,301,179 shares issued and outstanding at December 31, 2024 (liquidation preference - $82.5 million); 3,256,561 shares issued and outstanding at December 31, 2023 (liquidation preference - $81.4 million) (1) | — | — |
| Common stock, no par value, 150,000,000 shares authorized: 14,904,192 and 14,603,563 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | — | — |
| Paid-in capital | 98,278 | 87,415 |
| Retained earnings | 394,628 | 307,260 |
| Total shareholders’ equity attributable to Atlanticus Holdings Corporation | 492,906 | 394,675 |
| Noncontrolling interests | (3,543) | (2,258) |
| Total equity | 489,363 | 392,417 |
| Total liabilities, shareholders' equity and temporary equity | $3,270,707 | $2,706,445 |
(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.