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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net income $ 78,552 $ 80,853
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion, net 3,400 1,727
Provision for losses on loans, interest and fees receivable 329 15,231
Interest expense from accretion of discount on notes 0 435
Income from accretion of merchant fees and discount associated with receivables purchases (69,417) (50,410)
Changes in fair value of loans, interest and fees receivable and notes payable associated with structured financings recorded at fair value 251,239 86,254
Amortization of deferred loan costs 2,345 2,934
Income from equity-method investments 0 (8)
Loss on repurchase and redemption of convertible senior notes 0 13,255
Deferred stock-based compensation costs 2,297 1,232
Lease liability payments (3,635) (5,202)
Changes in assets and liabilities:    
Increase in uncollected fees on earning assets (113,786) (36,636)
(Decrease) increase in income tax liability (2,583) 11,279
Increase (decrease) in accounts payable and accrued expenses 6,117 (769)
Other (2,252) 4,346
Net cash provided by operating activities 152,606 124,521
Investing activities    
Proceeds from equity-method investee 0 390
Proceeds from recoveries on charged off receivables 12,847 6,626
Investments in earning assets (1,293,526) (895,287)
Proceeds from earning assets 927,169 728,533
Purchases and development of property, net of disposals (601) (95)
Net cash used in investing activities (354,111) (159,833)
Financing activities    
Noncontrolling interests contributions 4 4
Proceeds from issuance of Series B preferred stock, net of issuance costs 0 66,148
Preferred dividends (12,365) (9,325)
Proceeds from exercise of stock options 2,821 1,697
Purchase and retirement of outstanding stock (78,075) (601)
Proceeds from borrowings 249,762 430,534
Repayment of borrowings (100,914) (378,363)
Net cash provided by financing activities 61,233 110,094
Effect of exchange rate changes on cash (36) 10
Net (decrease) increase in cash and cash equivalents and restricted cash (140,308) 74,792
Cash and cash equivalents and restricted cash at beginning of period 506,628 258,961
Cash and cash equivalents and restricted cash at end of period 366,320 333,753
Supplemental cash flow information    
Cash paid for interest 33,162 23,146
Net cash income tax payments 4,205 6,608
Decrease in accrued and unpaid preferred dividends $ (52) $ (50)