XML 51 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
1 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2018
Dec. 12, 2018
Dec. 31, 2019
Dec. 31, 2017
Consolidated Statements of Cash Flows        
Financial Designation, Predecessor and Successor [Fixed List]   Predecessor   Predecessor
Cash flows from operating activities        
Net income (loss) $ 1,636 $ (51,295) $ (52,844) $ (180,895)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Provision for loan losses 3,113 97,098 102,205 136,201
Goodwill impairment     0 113,753
Loss on disposal of assets 1 1,505 490 5,192
Loss on debt extinguishment   10,832    
Depreciation 1,178 11,382 29,329 13,895
Amortization of note discount and deferred debt issuance costs 4 8,026 1,125 3,893
Amortization of intangibles 23 630 438 496
Non-cash interest on PIK notes 1,571   32,299  
Right of use assets - operating leases     553  
Deferred income taxes       (9,675)
Stock-based compensation   31   51
Changes in assets and liabilities:        
Short-term investments       500
Card related pre-funding and receivables 190 (27) (71) 483
Other assets (416) 124 847 4,000
Deferred revenue (129) (2,406) (2,534) (2,753)
Accrued interest (506) 12,526 (421) 418
Money orders payable 4,528 (3,149) 900 (1,040)
Lease termination payable (53) (378) (387) (248)
Accounts payable and accrued expenses 3,714 (9,333) (5,227) 1,690
Net cash provided by operating activities 14,854 75,566 106,702 85,961
Cash flows from investing activities        
Net receivables originated (5,849) (84,679) (99,836) (136,338)
Net acquired assets, net of cash       (626)
Purchase of leasehold improvements and equipment (244) (5,733) (8,554) (8,861)
Net cash used in investing activities (6,093) (90,412) (108,390) (145,825)
Cash flows from financing activities        
Purchase of secured notes     (2,000)  
Proceeds from subsidiary note 700 9,300 3,000 20,000
Payments on subsidiary note   (120) (107) (7,414)
Proceeds from secured notes payable   42,000    
Payments on capital lease obligations   (371)   (1,076)
Net advances (payments) on lines of credit   (47,000)   14,150
Debt issuance costs (18) (12,235) (1,482) (3,932)
Net cash provided by (used in) financing activities 682 (8,426) (589) 21,728
Net increase (decrease) in cash and cash equivalents and restricted cash 9,443 (23,272) (2,277) (38,136)
Cash and cash equivalents and restricted cash:        
Beginning 47,940 71,212 57,383 109,348
Ending 57,383 47,940 55,106 71,212
Cash and cash equivalents 53,208   49,016 66,627
Restricted Cash 4,175   6,090 4,585
Supplemental Disclosures of Cash Flow Information Cash payments for:        
Interest $ 1,392 $ 29,516 17,082 42,721
Income taxes paid, net     $ 65 $ 178