Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue        
Interest income $ 26,236 $ 23,508 $ 76,352 $ 71,046
Rental income 6,430 6,469 19,361 19,408
Gain on sale of receivables and investments 13,072 13,628 54,988 34,449
Fee income 3,144 4,984 8,769 13,115
Total revenue 48,882 48,589 159,470 138,018
Expenses        
Interest expense 27,349 26,085 95,394 65,884
Provision for loss on receivables 1,485 2,458 2,896 5,629
Compensation and benefits 12,218 9,012 39,850 27,223
General and administrative 4,964 3,918 14,814 11,181
Total expenses 46,016 41,473 152,954 109,917
Income before equity method investments 2,866 7,116 6,516 28,101
Income (loss) from equity method investments (7,215) 16,506 69,519 32,505
Income (loss) before income taxes (4,349) 23,622 76,035 60,606
Income tax (expense) benefit 1,250 (2,345) (11,510) (2,860)
Net income (loss) (3,099) 21,277 64,525 57,746
Net income (loss) attributable to non-controlling interest holders (261) 102 366 255
Net income (loss) attributable to controlling stockholders $ (2,838) $ 21,175 $ 64,159 $ 57,491
Basic earnings (loss) per common share (in usd per share) $ (0.04) $ 0.28 $ 0.81 $ 0.80
Diluted earnings (loss) per common share (in usd per share) $ (0.04) $ 0.28 $ 0.79 $ 0.78
Weighted average common shares outstanding—basic (in shares) 79,335,173 74,012,788 78,407,028 71,376,004
Weighted average common shares outstanding—diluted (in shares) 79,335,173 76,131,252 82,069,464 72,644,626