v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Interest income $ 33,358 $ 25,016 $ 63,601 $ 50,117
Rental income 6,609 6,462 13,108 12,931
Gain on sale of receivables and investments 19,664 24,426 36,762 41,916
Fee income 3,172 2,990 7,809 5,625
Total revenue 62,803 58,894 121,280 110,589
Expenses        
Interest expense 28,827 40,463 55,479 68,045
Provision for loss on receivables 8,064 906 8,685 1,411
Compensation and benefits 22,246 12,422 37,176 27,633
General and administrative 7,408 4,966 14,546 9,850
Total expenses 66,545 58,757 115,886 106,939
Income before equity method investments (3,742) 137 5,394 3,650
Income (loss) from equity method investments (19,585) 22,252 27,981 76,734
Income (loss) before income taxes (23,327) 22,389 33,375 80,384
Income tax (expense) benefit 4,789 (5,981) (6,209) (12,760)
Net income (loss) (18,538) 16,408 27,166 67,624
Net income (loss) attributable to non-controlling interest holders (89) 434 270 626
Net income (loss) attributable to controlling stockholders $ (18,449) $ 15,974 $ 26,896 $ 66,998
Basic earnings (loss) per common share (in usd per share) $ (0.21) $ 0.20 $ 0.31 $ 0.85
Diluted earnings (loss) per common share (in usd per share) $ (0.21) $ 0.20 $ 0.30 $ 0.81
Weighted average common shares outstanding—basic (in shares) 87,049,777 78,372,647 86,316,464 77,935,264
Weighted average common shares outstanding—diluted (in shares) 87,049,777 81,944,511 89,541,858 87,165,587

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