v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Interest income $ 34,303 $ 26,236 $ 97,904 $ 76,352
Rental income 6,609 6,430 19,716 19,361
Gain on sale of receivables and investments 14,490 13,072 51,252 54,988
Fee income 4,748 3,144 12,557 8,769
Total revenue 60,150 48,882 181,429 159,470
Expenses        
Interest expense 29,556 27,349 85,035 95,394
Provision for loss on receivables (2,463) 1,485 6,222 2,896
Compensation and benefits 12,933 12,218 50,108 39,850
General and administrative 8,150 4,964 22,696 14,814
Total expenses 48,176 46,016 164,061 152,954
Income before equity method investments 11,974 2,866 17,368 6,516
Income (loss) from equity method investments 30,552 (7,215) 58,533 69,519
Income (loss) before income taxes 42,526 (4,349) 75,901 76,035
Income tax (expense) benefit (7,585) 1,250 (13,794) (11,510)
Net income (loss) 34,941 (3,099) 62,107 64,525
Net income (loss) attributable to non-controlling interest holders 407 (261) 676 366
Net income (loss) attributable to controlling stockholders $ 34,534 $ (2,838) $ 61,431 $ 64,159
Basic earnings (loss) per common share (in usd per share) $ 0.39 $ (0.04) $ 0.70 $ 0.81
Diluted earnings (loss) per common share (in usd per share) $ 0.38 $ (0.04) $ 0.69 $ 0.79
Weighted average common shares outstanding—basic (in shares) 87,721,756 79,335,173 86,784,895 78,407,028
Weighted average common shares outstanding—diluted (in shares) 90,762,820 79,335,173 89,928,741 82,069,464

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