Affirm Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 8, 2024
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CONDENSED CONSOLIDATED BALANCE SHEETS, CONT. (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS, CONT.
The following table presents the assets and liabilities of consolidated variable interest entities (“VIEs”), which are included in the interim condensed consolidated balance sheets above. The assets in the table below may only be used to settle obligations of consolidated VIEs and are in excess of those obligations. The liabilities in the table below include liabilities for which creditors do not have recourse to the general credit of the Company. Additionally, the assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs only and exclude intercompany balances that eliminate upon consolidation.
| December 31, 2023 | June 30, 2023 | |
|---|---|---|
| Assets of consolidated VIEs, included in total assets above | ||
| Restricted cash | $206,008 | $203,872 |
| Loans held for investment | 5,041,108 | 4,151,606 |
| Allowance for credit losses | (230,009) | (178,252) |
| Loans held for investment, net | 4,811,099 | 3,973,354 |
| Accounts receivable, net | 2,959 | 8,196 |
| Other assets | 10,842 | 18,210 |
| Total assets of consolidated VIEs | $5,030,908 | $4,203,632 |
| Liabilities of consolidated VIEs, included in total liabilities above | ||
| Accounts payable | $2,916 | $2,894 |
| Accrued interest payable | 22,179 | 13,498 |
| Accrued expenses and other liabilities | 11,222 | 17,825 |
| Notes issued by securitization trusts | 2,740,656 | 2,165,577 |
| Funding debt | 1,872,624 | 1,656,400 |
| Total liabilities of consolidated VIEs | 4,649,597 | 3,856,194 |
| Total net assets of consolidated VIEs | $381,311 | $347,438 |
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