14.	Condensed Consolidating Financial Statements

The Company’s Notes are unconditionally guaranteed by certain of the Company’s subsidiaries (the “Guarantor Subsidiaries”) and are not secured by our other subsidiaries (the “Non-Guarantor Subsidiaries”). The Guarantor Subsidiaries are 100% owned, all guarantees are full and unconditional, and all guarantees are joint and several. As a result of the guarantee arrangements, we are required to present the following condensed consolidating financial statements.

The condensed consolidating financial statements reflect the investments in subsidiaries of the Company using the equity method of accounting. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions. Condensed consolidating financial statements of Enova International, Inc. (the “Parent”), its Guarantor Subsidiaries and Non-Guarantor Subsidiaries as of March 31, 2016 and December 31, 2015 and for the three months ended March 31, 2016 are shown on the following pages. Such statements as of and for the periods ended March 31, 2015 are not presented as the Parent has no independent assets or operations and the Non-Guarantor Subsidiaries were minor (as defined in Rule 3-10(h)(6) of Regulation S-X of the Securities Act, having total assets, stockholders’ equity, revenue, income (loss) before taxes and cash flows from operating activities of less than 3% of the Company’s corresponding consolidated amounts). Total assets, income (loss) before taxes and cash flows from operating activities for the Non-Guarantor Subsidiaries exceeded the 3% threshold for the three months ended March 31, 2016, and as a result, the present condensed consolidating financial statements are provided.

CONDENSED CONSOLIDATING BALANCE SHEETS

As of March 31, 2016

(dollars in thousands)

			Guarantor			Non-Guarantor
	Parent		Subsidiaries			Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	—	$	110,721		$	1,490		$	—		$	112,211
Restricted cash		—		7,191			13,717			—			20,908
Loans and finance receivables, net		—		285,172			143,030			—			428,202
Income taxes receivable		42,513		(35,073	)		(4	)		—			7,436
Other receivables and prepaid expenses		131		18,487			192			—			18,810
Property and equipment, net		—		45,404			336			—			45,740
Goodwill		—		267,012			—			—			267,012
Intangible assets, net		—		6,214			7			—			6,221
Investment in subsidiaries		248,576		13,769			—			(262,345	)		—
Intercompany receivable		426,183		—			—			(426,183	)		—
Other assets		767		7,869			—			—			8,636
Total assets	$	718,170	$	726,766		$	158,768		$	(688,528	)	$	915,176
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses	$	16,349	$	56,572		$	1,357		$	—		$	74,278
Intercompany payables		—		384,495			41,688			(426,183	)		—
Deferred tax liabilities, net		—		29,146			(267	)		—			28,879
Long-term debt		484,216		—			110,198			—			594,414
Total liabilities		500,565		470,213			152,976			(426,183	)		697,571
Commitments and contingencies
Stockholders' equity		217,605		256,553			5,792			(262,345	)		217,605
Total liabilities and stockholders' equity	$	718,170	$	726,766		$	158,768		$	(688,528	)	$	915,176

CONDENSED CONSOLIDATING BALANCE SHEETS

As of December 31, 2015

(dollars in thousands)

			Guarantor			Non-Guarantor
	Parent		Subsidiaries			Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	—	$	40,927		$	1,139		$	—		$	42,066
Restricted cash		—		7,379			—			—			7,379
Loans and finance receivables, net		—		430,862			3,771			—			434,633
Income taxes receivable		37,201		(31,709	)		11			—			5,503
Other receivables and prepaid expenses		162		19,791			96			—			20,049
Property and equipment, net		—		47,821			234			—			48,055
Goodwill		—		267,008			—			—			267,008
Intangible assets, net		—		6,532			8			—			6,540
Investment in subsidiaries		233,632		14,177			—			(247,809	)		—
Intercompany receivable		480,112		—			794			(480,906	)		—
Other assets		2,284		7,020			—			—			9,304
Total assets	$	753,391	$	809,808		$	6,053		$	(728,715	)	$	840,537
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses	$	5,514	$	66,220		$	407		$	—		$	72,141
Intercompany payables		—		480,906			—			(480,906	)		—
Deferred tax liabilities, net		—		20,562			(43	)		—			20,519
Long-term debt		541,909		—			—			—			541,909
Total liabilities		547,423		567,688			364			(480,906	)		634,569
Commitments and contingencies
Stockholders' equity		205,968		242,120			5,689			(247,809	)		205,968
Total liabilities and stockholders' equity	$	753,391	$	809,808		$	6,053		$	(728,715	)	$	840,537

CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2016

(in thousands)

				Guarantor			Non-Guarantor
	Parent			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Revenue	$	—		$	173,136		$	2,206		$	(689	)	$	174,653
Cost of Revenue		—			66,445			3,132			—			69,577
Gross Profit		—			106,691			(926	)		(689	)		105,076
Expenses
Marketing		—			20,782			399			—			21,181
Operations and technology		—			19,183			951			—			20,134
General and administrative		43			27,442			1,129			(689	)		27,925
Depreciation and amortization		—			3,968			19			—			3,987
Total Expenses		43			71,375			2,498			(689	)		73,227
Income (Loss) from Operations		(43	)		35,316			(3,424	)		—			31,849
Interest expense, net		(13,272	)		425			(3,068	)		—			(15,915	)
Foreign currency transaction gain		1,568			—			—			—			1,568
Income (Loss) before Income Taxes and Equity in Net Earnings of Subsidiaries		(11,747	)		35,741			(6,492	)		—			17,502
Provision for income taxes		(5,127	)		15,600			(2,834	)		—			7,639
Income (loss) before Equity in Net Earnings of Subsidiaries		(6,620	)		20,141			(3,658	)		—			9,863
Net earnings of subsidiaries		16,483			(3,658	)		—			(12,825	)		—
Net Income (Loss)	$	9,863		$	16,483		$	(3,658	)	$	(12,825	)	$	9,863
Other comprehensive (loss) gain, net of tax:
Foreign currency translation (loss) gain		(136	)		(648	)		511			137			(136	)
Total other comprehensive (loss) gain, net of tax		(136	)		(648	)		511			137			(136	)
Comprehensive Income (Loss)	$	9,727		$	15,835		$	(3,147	)	$	(12,688	)	$	9,727

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Three Months Ended March 31, 2016

(in thousands)

				Guarantor			Non-Guarantor
	Parent			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash Flows from Operating Activities	$	75,286		$	(3,466	)	$	39,942		$	(13,170	)	$	98,592
Cash Flows from Investing Activities
Loans and finance receivables originated or acquired		—			(138,592	)		(138,255	)		—			(276,847	)
Loans and finance receivables repaid		—			212,682			(1,505	)		—			211,177
Change in restricted cash		—			—			(13,717	)		—			(13,717	)
Purchases of property and equipment		—			(2,140	)		(90	)		—			(2,230	)
Capital contributions to subsidiaries		(16,828	)		(3,250	)		—			20,078			—
Other investing activities		—			58			—			—			58
Net cash used in investing activities		(16,828	)		68,758			(153,567	)		20,078			(81,559	)
Cash Flows from Financing Activities
Payments for (proceeds from) member's equity		—			3,658			3,250			(6,908	)		—
Debt issuance costs paid		—			—			(3,271	)		—			(3,271	)
Treasury shares purchased		(58	)		—			—			—			(58	)
Borrowings under revolving line of credit		10,000			—			—			—			10,000
Repayments under revolving line of credit		(68,400	)		—			—			—			(68,400	)
Borrowings under securitization facility		—			—			135,061			—			135,061
Repayments under securitization facility		—			—			(21,148	)		—			(21,148	)
Net cash provided by (used in) financing activities		(58,458	)		3,658			113,892			(6,908	)		52,184
Effect of exchange rates on cash		—			844			84			—			928
Net decrease in cash and cash equivalents		—			69,794			351			—			70,145
Cash and cash equivalents at beginning of year		—			40,927			1,139			—			42,066
Cash and cash equivalents at end of period	$	—		$	110,721		$	1,490		$	—		$	112,211