v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
ASSETS:    
Cash and cash equivalents $ 70,000,000.0 $ 343,700,000
Restricted cash and cash equivalents 493,800,000 501,300,000
Debt Securities, Available-for-sale, Restricted 107,100,000 106,400,000
Loans receivable [1],[2] 11,563,000,000 11,289,100,000
Allowance for credit losses (3,561,100,000) (3,438,800,000)
Loans receivable, net 8,001,900,000 7,850,300,000
Property and equipment, net 13,200,000 14,700,000
Income taxes receivable 9,400,000 4,200,000
Other assets 29,200,000 34,000,000.0
Total assets 8,724,600,000 8,854,600,000
Liabilities:    
Accounts payable and accrued liabilities 378,800,000 315,800,000
Revolving secured lines of credit 1,500,000 100,000
Secured financing 5,383,300,000 5,361,500,000
Senior notes 1,086,400,000 991,300,000
Deferred income taxes, net 306,100,000 319,100,000
Income taxes payable 13,800,000 117,200,000
Total liabilities 7,169,900,000 7,105,000,000
Commitments and Contingencies - See Note 15
Shareholders' Equity:    
Preferred stock, $.01 par value, 1,000,000 shares authorized, none issued 0 0
Common stock, $.01 par value, 80,000,000 shares authorized, 11,237,396 and 12,048,151 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 100,000 100,000
Paid-in capital 369,300,000 335,100,000
Retained earnings 1,184,300,000 1,414,700,000
Accumulated other comprehensive income (loss) 1,000,000.0 (300,000)
Total shareholders’ equity 1,554,700,000 1,749,600,000
Total liabilities and shareholders’ equity $ 8,724,600,000 $ 8,854,600,000
Preferred stock, par value (in usd per share) $ 0.01 $ 0.01
Preferred stock, shares authorized 1,000,000 1,000,000
Preferred stock, shares issued 0 0
Common stock, par value (in usd per share) $ 0.01 $ 0.01
Common stock, shares authorized 80,000,000 80,000,000
Common stock, shares issued 11,237,396 12,048,151
Balance, shares 11,237,396 12,048,151
[1] As Consumer Loans are aggregated by Dealer for purposes of recognizing revenue and measuring credit losses, the Dealer Loan amount was estimated by allocating the balance of each Dealer Loan to the underlying Consumer Loans based on the forecasted future collections of each Consumer Loan.
[2] As certain Consumer Loans are aggregated by Dealer or month of purchase for purposes of recognizing revenue and measuring credit losses, the Purchased Loan amount was estimated by allocating the balance of certain Purchased Loans to the underlying Consumer Loans based on the forecasted future collections of each Consumer Loan.