← MEDALLION FINANCIAL CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | — | — | ($22.7m) | $2.0m | ($26.9m) | $57.7m | $49.9m | $61.1m | $41.9m | $55.3m | $45.2m | |
| Net Income (Loss) Attributable to Parent | $23.5m |
$278k
-98.82%
|
($25.0m)
-9109.35%
|
$2.0m
+107.97%
|
($26.9m)
-1448.05%
|
$54.1m
+301.09%
|
$43.8m
-18.98%
|
$55.1m
+25.64%
|
$35.9m
-34.86%
|
$43.0m
+19.97%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $2.3m | — | — | $3.5m | $6.0m | $6.0m | $6.0m | $8.8m | — | |
| Depreciation, Depletion and Amortization | $485k | $1.0m | $5.6m | $7.5m | $7.7m | $6.5m | $5.2m | $5.2m | $6.2m | $8.3m | $8.3m | |
| Amortization of Deferred Charges | — | $925k | $1.9m | $2.3m | $2.6m | — | $2.6m | $3.1m | $4.0m | $4.3m | — | |
| Amortization of Intangible Assets | — | — | $1.1m | $1.4m | $1.4m | $1.4m | $1.4m | $1.4m | $1.4m | $1.4m | — | |
| Amortization of origination fees, net | $49k | $68k | $3.1m | $5.0m | $6.0m | $8.0m | $8.7m | $9.6m | $9.2m | $10.6m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $5.2m | $5.2m | $6.2m | $8.3m | $8.3m | |
| Increase (decrease) in deferred and other tax liabilities, net | $45.9m | ($33.4m) | $13.6m | $853k | ($8.8m) | $18.3m | $7.3m | ($345k) | ($1.7m) | $1.5m | — | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $576k | $1.2m | $2.0m | $2.3m | $3.5m | $4.7m | $6.1m | $6.7m | $7.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $768k | $944k | $1.2m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | $6.1m | $6.7m | $7.3m | |
| Stock-based compensation expense | $568k | $785k | $576k | $1.2m | $2.0m | $2.3m | $3.5m | $4.7m | $6.1m | $6.7m | $7.3m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | $939k | — | — | $800k | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | $5.6m | — | — | — | — | — | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | $17.4m | $2.8m | $5.2m | $6.9m | $24.6m | — | |
| Net gains on equity investments | ($457k) | $43.7m | $34.7m | — | — | ($17.4m) | ($2.8m) | ($5.2m) | ($6.9m) | ($24.6m) | — | |
| Change In Working Capital | — | — | — | — | — | — | $9.1m | ($8.5m) | ($16.0m) | ($9.8m) | $31.9m | |
| Change In Receivables | — | — | — | — | — | — | ($2.0m) | ($925k) | ($1.8m) | ($4.1m) | ($5.6m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($2.0m) | ($925k) | ($1.8m) | ($4.1m) | ($5.6m) | |
| (Increase) decrease in accounts payable and accrued expenses | $353k | ($907k) | ($675k) | ($8.0m) | ($7.2m) | $2.7m | $6.4m | $6.2m | ($8.7m) | ($3.9m) | $2.6m | |
| Increase in accrued interest receivable | $234k | $222k | $797k | ($1.2m) | ($1.7m) | ($283k) | ($2.0m) | ($925k) | ($1.8m) | ($4.1m) | — | |
| Decrease (increase) in accrued interest payable | $1.6m | $949k | $139k | $690k | $422k | ($1.1m) | $1.4m | $2.0m | $1.4m | ($1.9m) | — | |
| Increase in other assets | $804k | $122k | $1.3m | $2.8m | $2.2m | ($5.4m) | ($3.9m) | ($15.5m) | ($5.2m) | ($1.3m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($3.9m) | ($15.5m) | ($5.2m) | ($1.3m) | $38.1m | |
| Net Cash Provided by (Used in) Operating Activities | $61.6m |
$13.3m
-78.37%
|
$78.1m
+486.53%
|
$64.9m
-16.90%
|
$78.7m
+21.21%
|
$78.7m
+0.03%
|
$108.7m
+38.12%
|
$113.8m
+4.62%
|
$115.5m
+1.54%
|
$126.3m
+9.32%
|
$174.9m
+38.50%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Investments | — | — | ($34.7m) | — | — | — | — | $5.2m | $6.9m | $24.6m | ($9.6m) | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | $14.7m | — | — | — | — | — | — | — | — | |
| Payments to Acquire Investments | — | — | $10.4m | $10.5m | $15.6m | $19.4m | $20.7m | $11.6m | $7.7m | $14.8m | ($14.7m) | |
| Purchases of investments | — | — | ($10.4m) | ($10.5m) | ($15.6m) | ($19.4m) | ($20.7m) | ($11.6m) | ($7.7m) | ($14.8m) | — | |
| Proceeds from principal receipts, sales, and maturities of investments | — | — | $6.4m | $7.1m | $15.4m | $35.6m | $14.8m | $9.4m | $16.4m | $36.3m | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $22.7m | $20.6m | $13.6m | $13.2m | $13.2m | |
| Net cash used for investing activities | — | — | ($35.3m) | ($206.5m) | ($171.0m) | ($238.3m) | ($449.0m) | ($340.7m) | ($335.8m) | ($124.5m) | — | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($35.3m) | ($206.5m) | ($171.0m) | ($238.3m) | ($449.0m) | ($340.7m) | ($335.8m) | ($124.5m) | ($382.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | ($9.9m) | $4.1m | — | $4.6m | $0 | $0 | — | — | — | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($20.6m) | $0 | ($4.6m) | ($986k) | ($7.7m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($20.6m) | $0 | ($4.6m) | ($986k) | ($7.7m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $20.6m | $0 | $4.6m | $986k | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | $66k | — | — | — | $7.5m | $7.7m | $9.4m | $11.0m | ($11.7m) | |
| Common Stock Payments | — | — | — | — | — | — | ($20.6m) | $0 | ($4.6m) | ($986k) | ($7.7m) | |
| Cash dividends paid on common stock | — | — | — | — | $0 | $0 | ($7.5m) | ($7.7m) | ($9.4m) | ($11.0m) | ($11.7m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($7.5m) | ($7.7m) | ($9.4m) | ($11.0m) | ($11.7m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($6.0m) | ($6.8m) | ($7.0m) | $17.1m | ($60.8m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | ($27.7m) |
$151.7m
+648.50%
|
$136.5m
-10.03%
|
$172.0m
+26.06%
|
$321.4m
+86.81%
|
$271.2m
-15.62%
|
$240.0m
-11.50%
|
$30.2m
-87.41%
|
$261.9m
+767.21%
|
|
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ($9.9m) | ($8.3m) | $15.2m | $10.1m | $44.2m | $12.4m | ($18.9m) | $44.2m | $19.7m | $32.0m | ||
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $10.1m | $44.2m | $12.4m | ($18.9m) | $44.2m | $19.7m | $32.0m | $206.0m | |
| Beginning Cash Position | — | — | — | — | — | — | $124.5m | $105.6m | $149.8m | $169.6m | $152.0m | |
| Cash and cash equivalents, beginning of period | $30.9m | $21.0m | $42.5m | $67.8m | $112.0m | $124.5m | $105.6m | $149.8m | $169.6m | $201.6m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | $715k | $0 | $0 | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | ($1.4m) | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | $36.2m | ($69k) | $341k | ($10.1m) | $24.2m | $18.0m | $24.9m | $21.0m | $24.5m | — | |
| Additional Financial Items | ||||||||||||
| Deconsolidation, Gain (Loss), Amount | — | — | $25.3m | — | — | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | ($50k) | ($226k) | $24k | — | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | $0 | $0 | $0 | ($100k) | $24.6m | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | ($50k) | ($226k) | $24k | — | — | — | |
| Goodwill | — | — | — | $150.8m | $150.8m | $150.8m | $150.8m | $150.8m | $150.8m | $150.8m | — | |
| Investment Income, Interest | — | $265k | — | — | — | — | — | — | — | — | — | |
| Operating Expenses | — | $4.2m | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | $241k | $155k | $442k | $259k | $516k | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | $59.0m | $47.4m | $69.8m | $4.6m | $30.1m | $37.8m | $76.5m | $89.8m | — | |
| Provision for credit losses | — | — | $59.0m | $47.4m | $69.8m | $4.6m | $30.1m | $37.8m | $76.5m | $89.8m | — | |
| Proceeds from sales of strategic partnership loans held for sale | — | — | — | — | — | — | — | $118.4m | $196.8m | $763.8m | — | |
| Origination of loans held for sale | — | — | — | — | — | — | — | ($118.3m) | ($203.6m) | ($771.6m) | — | |
| Gain on sale of recreation loans held for sale | — | — | — | — | — | — | — | $0 | $0 | ($1.3m) | — | |
| Net change in value of loan collateral in process of foreclosure | — | — | $9.9m | $11.8m | $31.9m | $9.0m | $5.7m | $10.6m | $410k | $0 | — | |
| Loans originated | ($324.8m) | ($29.1m) | ($333.7m) | ($471.1m) | ($506.1m) | ($760.8m) | ($1.0b) | ($975.4m) | ($1.1b) | ($749.8m) | — | |
| Proceeds from principal receipts, sales, maturities, and recoveries of loans | — | — | $302.4m | $251.7m | $321.8m | $464.4m | $535.1m | $616.2m | $701.3m | $590.6m | — | |
| Proceeds from the sale and principal payments on loan collateral in process of foreclosure | — | — | $11.6m | $16.3m | $13.5m | $24.1m | $22.7m | $20.6m | $13.6m | $13.2m | — | |
| Proceeds from time deposits and funds borrowed | $294.6m | — | $364.1m | $525.8m | $668.6m | $805.6m | $839.1m | $975.2m | $1.3b | $1.5b | — | |
| Repayments of time deposits and funds borrowed | ($350.1m) | ($21.4m) | ($390.0m) | ($414.3m) | ($526.1m) | ($627.3m) | ($483.7m) | ($689.9m) | ($1.1b) | ($1.5b) | — | |
| Non-controlling interest equity raised by Medallion Bank | — | — | — | $42.5m | — | $0 | — | $0 | $0 | $73.1m | — | |
| Non-controlling interest redemption at Medallion Bank | — | — | — | — | — | — | — | $0 | $0 | ($46.0m) | — | |
| Distributions to non-controlling interests | — | — | ($1.8m) | ($2.4m) | ($6.0m) | ($6.5m) | ($6.0m) | ($6.0m) | ($6.0m) | ($8.8m) | — | |
| Payment of withholding taxes on net settlement of vested stock | — | — | — | — | — | $0 | $0 | ($768k) | ($944k) | ($1.2m) | — | |
| Treasury stock repurchased | — | — | — | — | $0 | $0 | ($20.6m) | $0 | ($4.6m) | ($986k) | — | |
| Proceeds from the exercise of stock options | $19k | — | — | $0 | $0 | $241k | $155k | $442k | $259k | $516k | — | |
| Transfer of loans (from) to loans held for sale | — | — | — | — | — | — | — | $0 | $120.8m | ($55.4m) | — | |
| Loans transferred to loan collateral in process of foreclosure, net | — | — | $32.1m | $31.3m | $47.3m | $15.9m | $12.8m | $21.2m | $27.5m | $30.2m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $321.4m | $271.2m | $240.0m | $30.2m | $261.9m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($449.0m) | ($340.7m) | ($328.9m) | ($124.5m) | ($382.8m) | |
| Change In Account Payable | — | — | — | — | — | — | $7.8m | $8.2m | ($7.3m) | ($5.8m) | $2.6m | |
| Change In Payable | — | — | — | — | — | — | $7.8m | $8.2m | ($7.3m) | ($5.8m) | $2.6m | |
| Changes In Cash | — | — | — | — | — | — | ($18.9m) | $44.2m | $19.7m | $32.0m | $54.0m | |
| End Cash Position | — | — | — | — | — | — | $105.6m | $149.8m | $169.6m | $201.6m | $206.0m | |
| Financing Cash Flow | — | — | — | — | — | — | $321.4m |
$271.2m
-15.62%
|
$240.0m
-11.50%
|
$30.2m
-87.41%
|
$261.9m
+767.21%
|
|
| Free Cash Flow | — | — | — | — | — | — | $108.7m | $113.8m | $108.7m | $126.3m | $174.9m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($2.8m) | ($5.2m) | ($6.9m) | ($24.6m) | ($9.6m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | ($715k) | $0 | $0 | — | — | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($449.0m) | ($340.7m) | ($328.9m) | ($124.5m) | ($382.8m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $17.7m | $0 | $0 | — | — | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | ($2.8m) | ($5.2m) | ($6.9m) | ($24.6m) | ($9.6m) | |
| Other Non Cash Items | — | — | — | — | — | — | $13.7m | $18.6m | $920k | $369k | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $155k | $442k | $259k | $516k | $360k | |
| Sale Of Business | — | — | — | — | — | $17.7m | $0 | $0 | — | — | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $3.5m | $4.7m | $6.1m | $6.7m | $7.3m | |
| Gain (Loss) on Sales of Loans, Net | — | — | $4.9m | — | — | — | $5.4m | $5.0m | $1.3m | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($6.0m) | ($2.1m) | $8.6m | $21.5m | $399k | |
| Purchase Of Investment | — | — | — | — | — | — | ($20.7m) | ($11.6m) | ($7.7m) | ($14.8m) | ($14.7m) | |
| Sale Of Investment | — | — | — | — | — | — | $14.8m | $9.4m | $16.4m | $36.3m | $15.1m | |
| Proceeds from Noncontrolling Interests | — | — | — | $42.5m | — | $0 | — | — | — | $73.1m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($18.9m) | $44.2m | $19.7m | $32.0m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $10.7m | $11.9m | $25.1m | $32.0m | $31.2m | $29.9m | $32.0m | $57.5m | $82.8m | $96.0m | — | |
| Income Taxes Paid, Net | — | $62k | $85k | $310k | $104k | $5.5m | $8.8m | $25.1m | $22.5m | $23.1m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.