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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income $ 110,922 $ 127,950
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion, net 4,094 448
Provision for losses on loans, interest and fees receivable 710 24,469
Interest expense from accretion of discount on notes 0 453
Income from accretion of merchant fees and discount associated with receivables purchases (109,312) (130,166)
Changes in fair value of loans, interest and fees receivable and notes payable associated with structured financings recorded at fair value 414,863 144,981
Amortization of deferred loan costs 3,646 3,761
Income from equity-method investments 0 (16)
Loss on repurchase and redemption of convertible senior notes 0 29,439
Deferred stock-based compensation costs 3,227 2,324
Lease liability payments (3,845) (7,837)
Gain on sale of property 0 (599)
Changes in assets and liabilities:    
Increase in uncollected fees on earning assets (182,379) (70,980)
Increase in income tax liability 4,326 12,085
Increase in accounts payable and accrued expenses 3,011 2,127
Other (3,623) 957
Net cash provided by operating activities 245,640 139,396
Investing activities    
Investments in equity-method investee 0 (398)
Proceeds from equity-method investee 0 560
Proceeds from recoveries on charged off receivables 21,490 9,110
Investments in earning assets (1,946,759) (1,432,768)
Proceeds from earning assets 1,402,124 1,128,653
Sale of property 0 1,100
Purchases and development of property, net of disposals (1,299) (144)
Net cash used in investing activities (524,444) (293,887)
Financing activities    
Noncontrolling interests contributions 4 4
Proceeds from issuance of Series B preferred stock, net of issuance costs 191 75,270
Preferred dividends (18,559) (15,582)
Proceeds from exercise of stock options 3,629 1,742
Purchase and retirement of outstanding stock (89,008) (5,794)
Proceeds from borrowings 481,236 507,227
Repayment of borrowings (218,565) (452,554)
Net cash provided by financing activities 158,928 110,313
Effect of exchange rate changes on cash (61) (9)
Net decrease in cash and cash equivalents and restricted cash (119,937) (44,187)
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 386,691 214,774
Supplemental cash flow information    
Cash paid for interest 53,463 35,203
Net cash income tax payments 4,242 16,584
(Decrease) increase in accrued and unpaid preferred dividends $ (7) $ 247