← NewtekOne, Inc.
| Annual Trend | 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 | $84.1m |
$32.3m
-61.60%
|
$47.3m
+46.48%
|
$50.9m
+7.45%
|
$60.5m
+18.99%
|
$64.5m
+6.67%
|
|
| Net loss on loan servicing assets | — | — | $4.3m | $12.7m | $16.7m | — | |
| Net Income (Loss) Available to Common Stockholders, Basic | $84.1m |
$32.3m
-61.60%
|
$45.9m
+41.98%
|
$49.3m
+7.36%
|
$58.2m
+18.12%
|
— | |
| Net unrealized depreciation (appreciation) on joint ventures and other investments | ($2.8m) | ($24.3m) | ($6.4m) | ($10.7m) | $4.4m | — | |
| Net unrealized (appreciation) depreciation on warrants and derivative transactions | $183k | ($183k) | $699k | ($1.3m) | ($74k) | — | |
| Amortization of deferred financing costs and deferred loan fees and costs | $2.7m | $2.5m | $4.1m | $4.6m | $4.4m | — | |
| Depreciation and amortization | $304k | $239k | $2.9m | $1.8m | $668k | $558k | |
| Depreciation Amortization Depletion | — | $239k | $2.9m | $1.8m | $668k | $558k | |
| Depreciation, Depletion and Amortization | $304k | $239k | $2.9m | $1.8m | $668k | $558k | |
| Amortization of Debt Issuance Costs | — | $2.5m | $4.1m | $4.6m | $4.4m | — | |
| Amortization of Intangible Assets | — | — | — | $539k | $170k | — | |
| Deferred income tax expense (benefit) | $1.3m | $6.5m | ($4.8m) | $10.4m | $8.5m | ($11.3m) | |
| Deferred Tax | — | $6.5m | ($4.8m) | $10.4m | $8.5m | ($11.3m) | |
| Stock compensation expense | $0 | $0 | $2.8m | $4.1m | $4.1m | — | |
| Share-based Payment Arrangement, Noncash Expense | — | $0 | $2.8m | $4.1m | $4.1m | $2.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $826k | $0 | $299k | $2.2m | — | |
| Share-based Payment Arrangement, Expense | — | $2.5m | $2.8m | $4.1m | $4.1m | $2.8m | |
| Asset Impairment Charge | $6.8m | $10.1m | $3.5m | $12.7m | — | $14.6m | |
| Impairment of Intangible Assets, Finite-lived | — | — | $1.5m | — | — | — | |
| Earnings (Loss)es From Equity Investments | — | $0 | ($3.2m) | ($10.7m) | $4.4m | $8.0m | |
| Changes in operating assets and liabilities: | |||||||
| Change In Working Capital | — | ($52.4m) | ($88.1m) | ($1.3m) | $58.9m | ($55.5m) | |
| Change In Receivables | — | $44.5m | ($61.7m) | $9.8m | $52.0m | ($45.4m) | |
| Changes In Account Receivables | $8.2m | $44.5m | ($62.2m) | — | — | ($45.4m) | |
| Accounts payable, accrued expenses and other liabilities | $1.2m | $9.0m | ($22.6m) | $6.2m | ($2.8m) | $3.8m | |
| Loans and accrued interest acquired through asset acquisition | — | — | $0 | $0 | $26.2m | — | |
| Other assets | $800k | $1.8m | $7.4m | ($13.7m) | ($21.1m) | — | |
| Change In Other Current Assets | — | $1.8m | $7.4m | ($15.2m) | ($21.1m) | ($5.8m) | |
| Change In Other Current Liabilities | — | $0 | $0 | ($174k) | $0 | $0 | |
| Increase (Decrease) in Other Operating Assets | — | ($1.8m) | ($7.4m) | $13.7m | $21.1m | — | |
| Increase (Decrease) in Other Operating Liabilities | — | $6k | $0 | $0 | — | — | |
| Net cash used in operating activities | $140.9m |
($62.4m)
-144.29%
|
($169.2m)
-171.11%
|
($153.0m)
+9.58%
|
($579.2m)
-278.55%
|
($776.0m)
-33.97%
|
|
| Net Cash Provided by (Used in) Operating Activities | $140.9m |
($62.4m)
-144.29%
|
($169.2m)
-171.11%
|
($153.0m)
+9.58%
|
($579.2m)
-278.55%
|
($776.0m)
-33.97%
|
|
| Cash flows from investing activities: | |||||||
| Capital Expenditure | — | ($11k) | ($458k) | ($439k) | ($106k) | ($158k) | |
| Payments to Acquire Property, Plant, and Equipment | — | $11k | $458k | $439k | $106k | ($158k) | |
| Net accretion of premium/discount on debt securities available-for-sale and loans | $0 | $0 | ($675k) | ($836k) | ($1.3m) | — | |
| Principal received on investments | $804k | $7.0m | $0 | $0 | $0 | — | |
| Contributions to joint ventures and other investments | — | $0 | ($14.6m) | ($25.7m) | ($85k) | — | |
| Return of capital from joint ventures and other investments | $0 | $0 | $564k | $20.3m | $14k | — | |
| Consolidation/(deconsolidation) of cash and restricted cash from controlled investments related to business combinations and dispositions, net of cash paid | — | $0 | $54.9m | ($1.5m) | $0 | — | |
| Acquisitions, net of cash acquired | $0 | $0 | $11.1m | $0 | $0 | ($10.1m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $0 | ($11.1m) | $0 | $0 | ($10.1m) | |
| Net Other Investing Changes | — | — | ($2.1m) | $50k | ($649k) | ($710k) | |
| Net cash used in investing activities | $0 | ($11k) | ($172.2m) | ($209.1m) | ($245.3m) | ($251.3m) | |
| Net Cash Provided by (Used in) Investing Activities | $0 | ($11k) | ($172.2m) | ($209.1m) | ($245.3m) | ($251.3m) | |
| Cash flows from financing activities: | |||||||
| Loss on extinguishment of debt, deferred financing costs expensed | — | — | $271k | $0 | $158k | — | |
| Gain (Loss) on Extinguishment of Debt | — | ($417k) | ($271k) | $0 | ($179k) | — | |
| Bad debt expense, net of recoveries | $397k | $0 | $3.6m | $1.1m | $283k | — | |
| Borrowing on bank notes payable | — | — | $249.0m | $277.2m | $531.2m | — | |
| Debt and Equity Securities, Realized Gain (Loss) | — | $0 | $0 | — | — | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | — | — | $10.7m | ($4.4m) | — | |
| Issuance Of Debt | — | $164.9m | $442.9m | $424.1m | $732.6m | $871.5m | |
| Long Term Debt Issuance | — | $152.1m | $442.9m | $424.1m | $732.6m | $871.5m | |
| Net Issuance Payments Of Debt | — | $67.1m | $19.5m | $65.3m | $280.3m | $217.7m | |
| Net Long Term Debt Issuance | — | $54.3m | $19.5m | $65.3m | $280.3m | $304.8m | |
| Net Short Term Debt Issuance | ($12.6m) | $12.8m | $0 | $0 | — | $0 | |
| Long Term Debt Payments | — | ($97.8m) | ($423.4m) | ($358.8m) | ($452.3m) | ($566.8m) | |
| Repayment Of Debt | — | ($97.8m) | ($423.4m) | ($358.8m) | ($452.3m) | ($566.8m) | |
| Short Term Debt Payments | ($12.6m) | — | $0 | $0 | — | $0 | |
| Issuance Of Capital Stock | — | $2.0m | $19.5m | $13.8m | $53.3m | $20.8m | |
| Repurchase Of Capital Stock | — | $0 | $0 | ($402k) | ($1.5m) | ($1.5m) | |
| Proceeds from common stock issued under ESPP, net of discount | $0 | $0 | $51k | $207k | $268k | — | |
| Common Stock Issuance | — | $2.0m | $0 | $13.8m | $5.1m | $1.3m | |
| Net Common Stock Issuance | — | $2.0m | $0 | $13.4m | $3.6m | $1.3m | |
| Proceeds from Issuance of Common Stock | — | $2.0m | $0 | $13.8m | $5.1m | $1.3m | |
| Common Stock Payments | — | $0 | $0 | ($402k) | ($1.5m) | ($1.5m) | |
| Payments for Repurchase of Common Stock | — | — | — | $402k | $0 | — | |
| Common Stock Dividend Paid | ($70.1m) | ($64.5m) | — | — | — | — | |
| Dividends receivable | $0 | $0 | ($493k) | $0 | $0 | — | |
| Dividends payable | $0 | $0 | $4.8m | $441k | $0 | — | |
| Dividends paid, net of dividend reinvestment plan | ($70.1m) | ($64.5m) | ($14.1m) | ($20.3m) | ($28.0m) | ($29.3m) | |
| Dividends declared but not paid during the period | $0 | $2.1m | $4.4m | $5.2m | $0 | — | |
| Issuance of common shares under dividend reinvestment plan | $1.9m | $1.6m | $219k | $0 | $0 | — | |
| Cash Dividends Paid | — | ($64.5m) | ($14.1m) | ($20.3m) | ($28.0m) | ($29.3m) | |
| Change In Dividend Payable | — | $0 | $4.8m | $441k | $0 | $0 | |
| Dividends paid | — | $65 | $14 | $20 | $28 | ($29.3m) | |
| Payments of Dividends | — | $65 | $14 | $20 | $28 | ($29.3m) | |
| Dividends Payable | $0 | $0 | $4.8m | $5.2m | $0 | — | |
| Net Other Financing Charges | — | ($3.4m) | ($4.7m) | ($6.3m) | $4.8m | $4.9m | |
| Net cash provided by financing activities | ($5.5m) |
$1.2m
+121.41%
|
$345.0m
+29259.49%
|
$560.9m
+62.59%
|
$753.5m
+34.33%
|
$1.1b
+50.80%
|
|
| Net Cash Provided by (Used in) Financing Activities | ($5.5m) |
$1.2m
+121.41%
|
$345.0m
+29259.49%
|
$560.9m
+62.59%
|
$753.5m
+34.33%
|
$1.1b
+50.80%
|
|
| Net (decrease) increase in cash and restricted cash | $135.4m | ($61.3m) | $3.5m | $198.8m | ($71.1m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($61.3m) | $3.5m | $198.8m | ($71.1m) | $403.0m | |
| Beginning Cash Position | — | $186.9m | $125.6m | $184.0m | $381.4m | $294.1m | |
| Cash and restricted cash—beginning of period (NOTE 2) | $186.9m | $125.6m | $184.0m | $381.4m | $310.3m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $125.6m | $184.0m | $381.4m | $310.3m | $403.0m | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Income Tax Expense (Benefit) | — | $6.5m | ($2.0m) | $17.8m | $19.5m | — | |
| Additional Financial Items | |||||||
| Net gain on loans accounted for under the fair value option | ($11.5m) | $26.5m | ($18.0m) | ($5.2m) | ($61.2m) | — | |
| Net gain on residuals in securitizations | — | — | $0 | $0 | ($30.0m) | — | |
| Unrealized loss on assets classified as held for sale | — | $0 | $0 | $616k | $0 | — | |
| Net gain on sales of loans | ($53.1m) | ($56.9m) | ($50.7m) | ($97.2m) | ($47.6m) | — | |
| Provision for credit losses | $0 | $0 | $11.7m | $26.2m | $38.7m | — | |
| Lower of cost or market adjustment on loans held for sale | — | $0 | $0 | ($73k) | ($12k) | — | |
| Proceeds from sale of loans held for sale | $1.2b | $691.2m | $695.5m | $817.9m | $404.5m | — | |
| Sale of loans held for sale from affiliate | — | $0 | ($5.3m) | $140.0m | $0 | — | |
| Funding of loans held for sale | — | ($775.6m) | ($783.0m) | ($1.1b) | ($1.1b) | — | |
| Principal received on loans held for sale | $77.1m | $74.3m | $12.2m | $18.9m | $23.1m | — | |
| Other, net | $23k | $6k | $0 | $0 | ($1.2m) | — | |
| Settlement receivable | $8.2m | $44.5m | ($62.2m) | $9.8m | $52.0m | — | |
| Liabilities directly associated with assets classified as held for sale | — | $0 | $0 | ($174k) | $0 | — | |
| Due to participants | $128.3m | ($110.6m) | ($11.8m) | ($2.3m) | $30.9m | — | |
| Principal received on loans held for investment, at fair value | — | — | $39.6m | $71.6m | $71.8m | — | |
| Net increase in loans held for investment, at cost | $0 | $0 | ($169.0m) | ($278.5m) | ($313.3m) | — | |
| Proceeds from sale of Newtek Technology Solutions, Inc. | — | — | $0 | $0 | $4.0m | — | |
| Asset purchase of controlling interest in NCL JV, net of cash acquired | — | — | $0 | $0 | ($10.1m) | — | |
| Purchase of fixed assets | $0 | ($11k) | ($458k) | ($439k) | ($106k) | — | |
| Sales of Federal Home Loan Bank and Federal Reserve Bank stock | $0 | $0 | ($2.1m) | $50k | $361k | — | |
| Purchases of Federal Home Loan Bank and Federal Reserve Bank stock | — | — | ($3.4m) | ($1.0m) | ($1.0m) | — | |
| Purchases of available-for-sale securities | $0 | $0 | ($27.2m) | ($33.0m) | ($19.9m) | — | |
| Maturities of available-for-sale securities | — | $0 | $0 | $41.5m | $27.7m | — | |
| Repayment on bank notes payable | — | — | ($327.7m) | ($205.6m) | ($353.8m) | — | |
| Net increase in deposits | $0 | $0 | $324.7m | $508.6m | $444.4m | — | |
| Repayment of Federal Home Loan Bank advances | $0 | $0 | ($4.9m) | ($8.0m) | ($8.0m) | — | |
| Proceeds from common shares sold, net of offering costs | $50.0m | $2.0m | $0 | $13.8m | $5.1m | — | |
| Proceeds from preferred stock, net of offering costs | $0 | $0 | $19.5m | $0 | $48.2m | — | |
| Securities purchase and exchange agreement | — | — | $0 | $0 | $10.0m | — | |
| Repurchase of common shares under share repurchase plan | — | — | $0 | $0 | ($1.5m) | — | |
| Proceeds from Notes | $140.0m | $30.0m | $90.0m | $146.9m | $32.0m | — | |
| Redemption of Notes | ($97.5m) | ($15.0m) | $0 | ($38.2m) | ($30.0m) | — | |
| Purchase of 2029 8.50% Notes | — | — | $0 | $0 | ($67k) | — | |
| Payments on Notes Payable - Securitization Trusts | ($75.4m) | ($82.8m) | ($90.8m) | ($107.0m) | ($60.4m) | — | |
| Proceeds related to residuals in securitizations | $103.4m | $116.2m | $103.9m | $0 | $169.4m | — | |
| Payments of deferred financing costs | ($5.3m) | ($2.6m) | ($4.7m) | ($6.0m) | ($3.1m) | — | |
| Purchase of vested stock for employee payroll tax withholding | ($1.6m) | ($826k) | $0 | ($299k) | ($2.2m) | — | |
| Retirement of common shares | — | $0 | $0 | ($402k) | $0 | — | |
| Foreclosed real estate acquired | $2.2m | $3.5m | $3.0m | $4.6m | $11.4m | — | |
| IPM | $0 | $0 | $10.5m | ||||
| Securities purchase and exchange agreement conversion | — | — | $0 | $0 | $19.7m | — | |
| Operating Cash Flow | $140.9m |
($62.4m)
-144.29%
|
($169.2m)
-171.11%
|
($153.0m)
+9.58%
|
($579.2m)
-278.55%
|
($776.0m)
-33.97%
|
|
| Cash Flow From Continuing Operating Activities | $140.9m | ($62.4m) | ($169.2m) | ($153.0m) | ($579.2m) | ($776.0m) | |
| Cash Flow From Continuing Financing Activities | — | $1.2m | $345.0m | $560.9m | $753.5m | $1.1b | |
| Cash Flow From Continuing Investing Activities | — | ($11k) | ($172.2m) | ($209.1m) | ($245.3m) | ($251.3m) | |
| Change In Account Payable | — | $9.0m | ($26.8m) | $6.1m | ($2.8m) | $3.8m | |
| Change In Income Tax Payable | — | $0 | ($4.0m) | $19k | — | ($1.4m) | |
| Change In Other Working Capital | $700k | $2.8m | ($165k) | ($91k) | — | ($91k) | |
| Change In Payable | — | ($101.6m) | ($33.8m) | $4.3m | $28.0m | $3.8m | |
| Change In Tax Payable | — | $0 | ($4.0m) | $19k | — | ($1.4m) | |
| Changes In Cash | — | ($61.3m) | $3.5m | $198.8m | ($71.1m) | $108.9m | |
| End Cash Position | — | $125.6m | $184.0m | $381.4m | $310.3m | $403.0m | |
| Financing Cash Flow | — | $1.2m |
$345.0m
+29259.49%
|
$560.9m
+62.59%
|
$753.5m
+34.33%
|
$1.1b
+50.80%
|
|
| Free Cash Flow | — | ($62.4m) | ($169.7m) | ($153.5m) | ($579.3m) | ($776.2m) | |
| Gain Loss On Investment Securities | — | ($52.9m) | $0 | $0 | ($30.0m) | ($86.2m) | |
| Investing Cash Flow | — | ($11k) | ($172.2m) | ($209.1m) | ($245.3m) | ($251.3m) | |
| Net Business Purchase And Sale | — | $0 | $11.1m | $0 | ($6.1m) | ($8.1m) | |
| Net PPE Purchase And Sale | — | ($11k) | ($458k) | ($439k) | ($106k) | ($158k) | |
| Net Preferred Stock Issuance | — | $0 | $19.5m | $0 | $48.2m | $48.2m | |
| Operating Gains Losses | — | ($988k) | ($53.7m) | ($109.5m) | ($73.1m) | ($141.3m) | |
| Other Cash Adjustment Outside Changein Cash | — | $0 | $54.9m | ($1.5m) | $0 | — | |
| Other Non Cash Items | — | ($36.3m) | ($94.3m) | ($140.3m) | ($680.9m) | — | |
| Proceeds From Stock Option Exercised | — | $0 | $51k | $207k | $268k | $290k | |
| Purchase Of Business | — | — | $0 | $0 | ($10.1m) | ($10.1m) | |
| Purchase Of PPE | — | ($11k) | ($458k) | ($439k) | ($106k) | ($158k) | |
| Sale Of Business | — | $0 | $11.1m | $0 | $4.0m | $2.0m | |
| Stock Based Compensation | — | $0 | $2.8m | $4.1m | $4.1m | $2.8m | |
| Unrealized Gain Loss On Investment Securities | ($2.8m) | ($24.3m) | $0 | $0 | — | $0 | |
| Provision for Loan, Lease, and Other Losses | — | $0 | $11.7m | $26.2m | $38.7m | $34.9m | |
| Gain (Loss) on Sales of Loans, Net | — | $56.9m | $50.7m | $97.2m | $47.6m | — | |
| Gain (Loss) on Sale of Derivatives | — | $445k | $834k | — | — | — | |
| Goodwill | — | $0 | $25.9m | $14.1m | $14.1m | $14.6m | |
| Payments of Financing Costs | — | $2.6m | $4.7m | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | $0 | $11.7m | $26.2m | $38.7m | — | |
| Unrealized Gain (Loss) on Derivatives | — | $183k | ($699k) | $1.3m | $74k | — | |
| Repurchases of loans held for investment, at fair value | $0 | $0 | $29.3m | $66.8m | ($4.7m) | — | |
| Net Investment Purchase And Sale | — | $0 | ($41.2m) | $3.1m | $7.7m | ($1.2m) | |
| Purchase Of Investment | — | $0 | ($43.2m) | ($58.7m) | ($20.0m) | ($26.4m) | |
| Sale Of Investment | — | $0 | $2.1m | $61.8m | $27.7m | $25.2m | |
| Supplemental disclosure of cash flow information: | |||||||
| Change In Cash Supplemental As Reported | — | ($61.3m) | $3.5m | $198.8m | ($71.1m) | — | |
| Interest paid | $20.1m | $18.3m | $9.1m | $79.2m | $97.5m | $102.5m | |
| Income taxes paid | $0 | $0 | $6.9m | $7.4m | $12.5m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.