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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income $ 134,612 $ 177,789 $ 93,917
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion, net 4,848 2,494 7,952
Provision for losses on loans, interest and fees receivable 1,252 36,455 142,719
Interest expense from accretion of discount on notes 0 453 585
Income from accretion of merchant fees and discount associated with receivables purchases (137,179) (166,266) (110,402)
Changes in fair value of loans, interest and fees receivable and notes payable associated with structured financings recorded at fair value 577,069 218,733 108,548
Amortization of deferred loan costs 5,101 5,114 5,137
Income from equity-method investments 0 (16) (456)
Loss on repurchase and redemption of convertible senior notes 0 29,439 0
Stock-based compensation costs 4,167 3,240 1,355
Lease liability payments (4,053) (10,470) (10,278)
Gain on sale of property 0 (599) 0
Changes in assets and liabilities:      
Increase in uncollected fees on earning assets (252,704) (111,807) (43,319)
Increase in income tax liability 10,412 21,838 20,147
Increase in accounts payable and accrued expenses 4,260 6,005 (3,096)
Other (1,655) (36) (75)
Net cash provided by operating activities 346,130 212,366 212,734
Investing activities      
Investments in equity-method investee 0 (398) 0
Proceeds from equity-method investee 0 560 998
Proceeds from recoveries on charged off receivables 32,361 14,065 13,781
Investments in earning assets (2,544,477) (2,018,760) (1,330,980)
Proceeds from earning assets 1,836,183 1,535,500 1,024,375
Sale of property 0 1,100 0
Purchases and development of property, net of disposals (4,852) (7,089) (749)
Net cash used in investing activities (680,785) (475,022) (292,575)
Financing activities      
Noncontrolling interests contributions 114 387 50,000
Proceeds from issuance of Series B preferred stock, net of issuance costs 437 75,270 0
Preferred dividends (24,793) (21,809) (13,561)
Proceeds from exercise of stock options 3,731 1,885 1,326
Purchase and retirement of outstanding stock (89,008) (25,219) (3,353)
Proceeds from issuance of Senior notes, net of issuance costs 0 142,832 0
Proceeds from borrowings 680,527 923,477 588,229
Repayment of borrowings (309,753) (586,495) (460,256)
Net cash provided by financing activities 261,255 510,328 162,385
Effect of exchange rate changes on cash (36) (5) 23
Net (decrease) increase in cash and cash equivalents and restricted cash (73,436) 247,667 82,567
Cash and cash equivalents and restricted cash at beginning of period 506,628 258,961 176,394
Cash and cash equivalents and restricted cash at end of period 433,192 506,628 258,961
Supplemental cash flow information      
Cash paid for interest 75,357 47,608 46,526
Net cash income tax payments 4,248 19,946 327
Increase in accrued and unpaid preferred dividends $ 1 $ 254 $ 3,209