FirstCash Holdings, Inc. - 10-Q filing on 2018-04-30

Segment Information (Tables)

3 Months Ended

Mar. 31, 2018

The following tables present reportable segment information for the three month period ended March 31, 2018 and 2017 (in thousands):



	Three Months Ended March 31, 2018
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	186,052	$	83,789	$	—		$	269,841
Pawn loan fees	96,242		33,551		—			129,793
Wholesale scrap jewelry sales	29,457		5,268		—			34,725
Consumer loan and credit services fees	15,039		402		—			15,441
Total revenue	326,790		123,010		—			449,800

Cost of revenue:
Cost of retail merchandise sold	120,616		53,881		—			174,497
Cost of wholesale scrap jewelry sold	27,653		4,842		—			32,495
Consumer loan and credit services loss provision	3,644		83		—			3,727
Total cost of revenue	151,913		58,806		—			210,719

Net revenue	174,877		64,204		—			239,081

Expenses and other income:
Store operating expenses	104,383		34,178		—			138,561
Administrative expenses	—		—		28,002			28,002
Depreciation and amortization	5,555		2,709		3,019			11,283
Interest expense	—		—		6,198			6,198
Interest income	—		—		(981		)	(981		)
Merger and other acquisition expenses	—		—		239			239
Total expenses and other income	109,938		36,887		36,477			183,302

Income (loss) before income taxes	$	64,939	$	27,317	$	(36,477	)	$	55,779



	Three Months Ended March 31, 2017
	U.S. Operations		Latin America Operations		Corporate			Consolidated
Revenue:
Retail merchandise sales	$	193,666	$	66,328	$	—		$	259,994
Pawn loan fees	101,818		26,433		—			128,251
Wholesale scrap jewelry sales	32,897		5,214		—			38,111
Consumer loan and credit services fees	20,815		405		—			21,220
Total revenue	349,196		98,380		—			447,576

Cost of revenue:
Cost of retail merchandise sold	123,497		42,138		—			165,635
Cost of wholesale scrap jewelry sold	30,682		4,267		—			34,949
Consumer loan and credit services loss provision	3,990		102		—			4,092
Total cost of revenue	158,169		46,507		—			204,676

Net revenue	191,027		51,873		—			242,900

Expenses and other income:
Store operating expenses	107,968		28,776		—			136,744
Administrative expenses	—		—		33,238			33,238
Depreciation and amortization	6,419		2,397		5,427			14,243
Interest expense	—		—		6,113			6,113
Interest income	—		—		(327		)	(327		)
Merger and other acquisition expenses	—		—		647			647
Total expenses and other income	114,387		31,173		45,098			190,658

Income (loss) before income taxes	$	76,640	$	20,700	$	(45,098	)	$	52,242