OneMain Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 7, 2025.
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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.
FY2024 · Filed Feb 7, 2025
OMF$55.35-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| (dollars in millions) | |||
|---|---|---|---|
| Years Ended December 31, | 2024 | 2023 | 2022 |
| Cash flows from operating activities | |||
| Net income | $509 | $641 | $872 |
| Reconciling adjustments: | |||
| Provision for finance receivable losses | 2,040 | 1,721 | 1,402 |
| Depreciation and amortization | 277 | 257 | 262 |
| Deferred income tax benefit | (42) | (36) | (64) |
| Net loss on repurchases and repayments of debt | 34 | — | 27 |
| Share-based compensation expense, net of forfeitures | 30 | 36 | 31 |
| Gain on sales of finance receivables | (23) | (52) | (63) |
| Other | (1) | (4) | 2 |
| Cash flows due to changes in other assets and other liabilities | (125) | (44) | (82) |
| Net cash provided by operating activities | 2,699 | 2,519 | 2,387 |
| Cash flows from investing activities | |||
| Net principal originations and purchases of finance receivables | (3,806) | (3,557) | (2,775) |
| Proceeds from sales of finance receivables | 574 | 641 | 790 |
| Foursight Acquisition, net of cash acquired | (64) | — | — |
| Available-for-sale securities purchased | (272) | (179) | (530) |
| Available-for-sale securities called, sold, and matured | 373 | 323 | 463 |
| Other securities purchased | (12) | (5) | (6) |
| Other securities called, sold, and matured | 19 | 6 | 14 |
| Other, net | (78) | (91) | (75) |
| Net cash used for investing activities | (3,266) | (2,862) | (2,119) |
| Cash flows from financing activities | |||
| Proceeds from issuance and borrowings of long-term debt, net of issuance costs | 4,388 | 4,819 | 5,618 |
| Repayments and repurchases of long-term debt | (3,687) | (3,328) | (5,149) |
| Cash dividends | (498) | (487) | (480) |
| Common stock repurchased | (35) | (65) | (303) |
| Treasury stock issued | 4 | 3 | 2 |
| Withholding tax on share-based compensation | (11) | (10) | (14) |
| Net cash provided by (used for) financing activities | 161 | 932 | (326) |
| Net change in cash and cash equivalents and restricted cash and restricted cash equivalents | (406) | 589 | (58) |
| Cash and cash equivalents and restricted cash and restricted cash equivalents at beginning of period | 1,548 | 959 | 1,017 |
| Cash and cash equivalents and restricted cash and restricted cash equivalents at end of period | $1,142 | $1,548 | $959 |
| ONEMAIN HOLDINGS, INC. AND SUBSIDIARIESConsolidated Statements of Cash Flows (Continued) | |||
| (dollars in millions) | |||
| Years Ended December 31, | 2024 | 2023 | 2022 |
| Supplemental cash flow information | |||
| Cash and cash equivalents | $458 | $1,014 | $498 |
| Restricted cash and restricted cash equivalents | 684 | 534 | 461 |
| Total cash and cash equivalents and restricted cash and restricted cash equivalents | $1,142 | $1,548 | $959 |
| Interest paid | $(1,144) | $(968) | $(857) |
| Income taxes paid | (219) | (215) | (343) |
| Cash paid for amounts included in the measurement of operating lease liabilities | (58) | (59) | (58) |
| Supplemental non-cash activities | |||
| Right-of-use assets obtained in exchange for operating lease obligations | $47 | $67 | $66 |
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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