Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Interest income $ 23,508 $ 19,322 $ 71,046 $ 54,270
Rental income 6,469 6,469 19,408 19,415
Gain on sale of receivables and investments 13,628 7,713 34,449 16,718
Fee income 4,984 5,338 13,115 12,850
Total revenue 48,589 38,842 138,018 103,253
Expenses        
Interest expense 26,085 16,561 65,884 46,861
Provision for loss on receivables 2,458 8,027 5,629 8,027
Compensation and benefits 9,012 7,193 27,223 21,281
General and administrative 3,918 3,737 11,181 10,818
Total expenses 41,473 35,518 109,917 86,987
Income before equity method investments 7,116 3,324 28,101 16,266
Income (loss) from equity method investments 16,506 5,984 32,505 18,114
Income (loss) before income taxes 23,622 9,308 60,606 34,380
Income tax (expense) benefit (2,345) (132) (2,860) 1,298
Net income (loss) 21,277 9,176 57,746 35,678
Net income (loss) attributable to non-controlling interest holders 102 74 255 191
Net income (loss) attributable to controlling stockholders $ 21,175 $ 9,102 $ 57,491 $ 35,487
Basic earnings (loss) per common share (in usd per share) $ 0.28 $ 0.14 $ 0.80 $ 0.55
Diluted earnings (loss) per common share (in usd per share) $ 0.28 $ 0.13 $ 0.78 $ 0.54
Weighted average common shares outstanding — basic (in shares) 74,012,788 64,922,325 71,376,004 63,492,884
Weighted average common shares outstanding — diluted (in shares) 76,131,252 65,630,711 72,644,626 64,147,835