OneMain Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 13, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 13, 2024
OMF$55.35-0.3%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
Consolidated Statements of Cash Flows
| (dollars in millions) | |||
|---|---|---|---|
| Years Ended December 31, | 2023 | 2022 | 2021 |
| Cash flows from operating activities | |||
| Net income | $641 | $872 | $1,314 |
| Reconciling adjustments: | |||
| Provision for finance receivable losses | 1,721 | 1,402 | 593 |
| Depreciation and amortization | 257 | 262 | 264 |
| Deferred income tax charge (benefit) | (36) | (64) | 78 |
| Net loss on repurchases and repayments of debt | — | 27 | 78 |
| Share-based compensation expense, net of forfeitures | 36 | 31 | 23 |
| Gain on sales of finance receivables | (52) | (63) | (47) |
| Other | (4) | 2 | (8) |
| Cash flows due to changes in other assets and other liabilities | (44) | (81) | (44) |
| Net cash provided by operating activities | 2,519 | 2,388 | 2,251 |
| Cash flows from investing activities | |||
| Net principal originations and purchases of finance receivables | (3,557) | (2,775) | (2,514) |
| Proceeds from sales of finance receivables | 641 | 790 | 560 |
| Available-for-sale securities purchased | (179) | (530) | (517) |
| Available-for-sale securities called, sold, and matured | 323 | 463 | 404 |
| Other securities purchased | (5) | (6) | (708) |
| Other securities called, sold, and matured | 6 | 14 | 701 |
| Other, net | (91) | (75) | (69) |
| Net cash used for investing activities | (2,862) | (2,119) | (2,143) |
| Cash flows from financing activities | |||
| Proceeds from issuance and borrowings of long-term debt, net of issuance costs | 4,819 | 5,618 | 3,759 |
| Repayments and repurchases of long-term debt | (3,328) | (5,149) | (3,921) |
| Cash dividends | (544) | (759) | (1,677) |
| Withholding tax on share-based compensation | (10) | (14) | (6) |
| Net cash provided by (used for) financing activities | 937 | (304) | (1,845) |
| Net change in cash and cash equivalents and restricted cash and restricted cash equivalents | 594 | (35) | (1,737) |
| Cash and cash equivalents and restricted cash and restricted cash equivalents at beginning of period | 951 | 986 | 2,723 |
| Cash and cash equivalents and restricted cash and restricted cash equivalents at end of period | $1,545 | $951 | $986 |
| ONEMAIN FINANCE CORPORATION AND SUBSIDIARIESConsolidated Statements of Cash Flows (Continued) | |||
|---|---|---|---|
| (dollars in millions) | |||
| Years Ended December 31, | 2023 | 2022 | 2021 |
| Supplemental cash flow information | |||
| Cash and cash equivalents | $1,011 | $490 | $510 |
| Restricted cash and restricted cash equivalents | 534 | 461 | 476 |
| Total cash and cash equivalents and restricted cash and restricted cash equivalents | $1,545 | $951 | $986 |
| Interest paid | $(968) | $(857) | $(891) |
| Income taxes paid | (215) | (343) | (403) |
| Cash paid for amounts included in the measurement of operating lease liabilities | (59) | (58) | (58) |
| Supplemental non-cash activities | |||
| Right-of-use assets obtained in exchange for operating lease obligations | $67 | $66 | $43 |
Restricted cash and restricted cash equivalents primarily represent funds required to be used for future debt payments relating to our secured transactions.
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