Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue      
Interest income $ 106,889 $ 95,559 $ 76,200
Rental income 25,905 25,878 25,884
Gain on sale of receivables and investments 68,333 49,887 24,423
Fee income 12,039 15,583 15,074
Total revenue 213,166 186,907 141,581
Expenses      
Interest expense 121,705 92,182 64,241
Provision for loss on receivables 496 10,096 8,027
Compensation and benefits 52,975 37,766 28,777
General and administrative 19,907 14,846 14,693
Total expenses 195,083 154,890 115,738
Income before equity method investments 18,083 32,017 25,843
Income (loss) from equity method investments 126,421 47,963 64,174
Income (loss) before income taxes 144,504 79,980 90,017
Income tax benefit (expense) (17,158) 2,779 (8,097)
Net income (loss) 127,346 82,759 81,920
Net income (loss) attributable to non-controlling interest holders 767 343 356
Net income (loss) attributable to controlling stockholders $ 126,579 $ 82,416 $ 81,564
Basic earnings (loss) per common share (in usd per share) $ 1.57 $ 1.13 $ 1.25
Diluted earnings per common share (in usd per share) $ 1.51 $ 1.10 $ 1.24
Weighted average common shares outstanding—basic (in shares) 79,992,922 72,387,581 63,916,440
Weighted average common shares outstanding—diluted (in shares) 87,671,641 74,373,169 64,771,491