Elevate Credit, Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Dec 31, 2018	FY2017 12 months to Dec 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)
Less: Net income (loss) from discontinued operations, net of tax
Net income (loss) from continuing operations
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
Provision for loan losses
Share-based compensation
Amortization of debt issuance costs
Amortization of loan premium
Amortization of convertible note discount
Amortization of derivative assets
Amortization of operating leases
Deferred income tax expense, net
Unrealized (gain) loss from foreign currency transactions
Non-operating loss
Changes in operating assets and liabilities:
Prepaid expenses and other assets
Reserve deposits
Income taxes payable
Receivables from payment processors
Receivables from CSO lenders
Interest receivable
State and other taxes payable
Deferred revenue
Accounts payable and accrued liabilities

Net cash provided by continuing operating activities
Net cash provided by discontinued operating activities
Net cash provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITIES:
Loans receivable originated or participations purchased
Principal collections and recoveries on loans receivable
Participation premium paid
Change in restricted cash
Purchases of property and equipment
Proceeds from sale of intangible asset
Net cash provided by (used in) continuing investing activities
Net cash provided by (used in) discontinued investing activities
Net cash provided by (used in) investing activities

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable
Payments on notes payable
Cash paid for interest rate caps
Settlement of derivative liability
Payment of capital lease obligation
Debt issuance costs paid
Debt prepayment penalties paid
Equity issuance costs paid
ESPP shares issued
Common stock repurchased
Proceeds from issuance of stock
Proceeds from stock option exercises
Taxes paid related to net share settlement of equity awards
Net cash provided by (used in) continuing financing activities
Net cash provided by (used in) discontinued financing activities
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Effect of exchange rates on cash
Net increase (decrease) in cash, cash equivalents and restricted cash
Less: increase (decrease) in cash, cash equivalents and restricted cash from discontinued operations
Change in cash, cash equivalents and restricted cash from continuing operations
Cash and cash equivalents, beginning of period
Restricted cash, beginning of period
Cash, cash equivalents and restricted cash, beginning of period
Cash and cash equivalents, end of period
Restricted cash, end of period
Cash, cash equivalents and restricted cash, end of period
Supplemental cash flow information:
Interest paid
Taxes paid
Non-cash activities:
CSO fees charged-off included in Deferred revenues and Loans receivable
CSO fees on loans paid-off prior to maturity included in Receivable from CSO lenders and Deferred revenue
Annual membership fee included in Deferred revenues and Loans receivable
Derivative debt discount on convertible term notes
Reissuances of Treasury stock
Property and equipment accrued but not yet paid
Prepaid expenses accrued but not yet paid
Impact on deferred tax assets of adoption of ASU 2016-09
Impact on OCI and retained earnings of adoption of ASU 2018-02
Changes in fair value of interest rate caps
Deferred IPO costs included in Additional paid-in capital
Tax benefit of equity issuance costs included in Additional paid-in capital
Impact of deferred tax asset included in Other comprehensive income (loss)
Leasehold improvements included in Accounts payable and accrued liabilities
Leasehold improvements allowance included in Property and equipment, net
Lease incentives allowance included in Accounts payable and accrued expenses
Operating lease right of use assets recognized
Operating lease liabilities recognized

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