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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flow from operating activities:    
Net income $ 114,113 $ 62,142
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation of leased merchandise 176,311 0
Provision for lease losses 77,855 0
Provision for loan losses 51,497 0
Share-based compensation expense 5,950 5,250
Depreciation and amortization expense 51,524 21,514
Amortization of debt issuance costs 1,473 793
Net amortization of premiums, discounts and unearned origination fees on finance receivables 27,451 0
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability (62,989) 0
Impairments and dispositions of certain other assets 318 1,279
Deferred income taxes, net 12,702 4,444
Changes in operating assets and liabilities, net of business combinations:    
Accounts receivable, net (224) 1,369
Inventories purchased directly from customers, wholesalers or manufacturers 1,804 (9,173)
Leased merchandise, net (229,146) 0
Prepaid expenses and other assets (1,672) (2,107)
Accounts payable, accrued liabilities and other liabilities (4,846) 26,748
Income taxes 4,646 1,490
Net cash flow provided by operating activities 226,767 113,749
Cash flow from investing activities:    
Pawn loans, net [1] (32,265) (8,492)
Finance receivables, net (23,546) 0
Purchases of furniture, fixtures, equipment and improvements (19,686) (21,025)
Purchases of store real property (58,559) (29,096)
Acquisitions of pawn stores, net of cash acquired (2,343) (49,334)
Net cash flow used in investing activities (136,399) (107,947)
Cash flow from financing activities:    
Borrowings from unsecured credit facilities 126,000 227,000
Repayments of unsecured credit facilities (111,000) (187,000)
Debt issuance costs paid (475) 0
Purchases of treasury stock (87,727) (36,427)
Payment of withholding taxes on net share settlements of restricted stock unit awards and stock options exercised 0 (1,663)
Dividends paid (28,781) (23,405)
Net cash flow used in financing activities (101,983) (21,495)
Effect of exchange rates on cash 1,983 (96)
Change in cash and cash equivalents (9,632) (15,789)
Cash and cash equivalents at beginning of the period 120,046 65,850
Cash and cash equivalents at end of the period $ 110,414 $ 50,061
[1] Includes the funding of new pawn loans net of cash repayments and recovery of principal through the sale of inventories acquired from forfeiture of pawn collateral.