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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Unrestricted cash and cash equivalents $ 308,651 $ 339,338
Restricted cash and cash equivalents 76,058 44,315
Loans, interest and fees receivable, at fair value 2,511,619 2,173,759
Loans at amortized cost, net (including $4.6 million and $1.8 million of allowance for credit losses at September 30, 2024 and December 31, 2023, respectively; and $16.9 million and $17.9 million of deferred revenue at September 30, 2024 and December 31, 2023, respectively) 89,109 98,425
Property at cost, net of depreciation 9,676 11,445
Operating lease right-of-use assets 11,040 11,310
Prepaid expenses and other assets 33,811 27,853
Total assets 3,039,964 2,706,445
Liabilities    
Accounts payable and accrued expenses 59,563 61,634
Operating lease liabilities 19,446 20,180
Notes Payable, net held by VIEs 2,016,655 1,861,685
Senior notes, net 269,649 144,453
Income tax liability 105,214 85,826
Total liabilities 2,470,527 2,173,778
Commitments and contingencies (Note 10)
Shareholders' Equity    
Common stock, no par value, 150,000,000 shares authorized: 14,738,862 and 14,603,563 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 0 0
Paid-in capital 89,386 87,415
Retained earnings 368,337 307,260
Total shareholders’ equity attributable to Atlanticus Holdings Corporation 457,723 394,675
Noncontrolling interests (3,261) (2,258)
Total equity 454,462 392,417
Total liabilities, shareholders' equity and temporary equity 3,039,964 2,706,445
Series A Preferred Stock [Member]    
Liabilities    
Series A preferred stock, 400,000 shares issued and outstanding (liquidation preference - $40.0 million) at September 30, 2024 and December 31, 2023 (Note 5) (1) [1] 40,000 40,000
Class B preferred units issued to noncontrolling interests (Note 5) [1] 40,000 40,000
Series B Preferred Stock [Member]    
Liabilities    
Series A preferred stock, 400,000 shares issued and outstanding (liquidation preference - $40.0 million) at September 30, 2024 and December 31, 2023 (Note 5) (1) 74,975 100,250
Class B preferred units issued to noncontrolling interests (Note 5) 74,975 100,250
Shareholders' Equity    
Series B preferred stock, no par value, 3,300,704 shares issued and outstanding at September 30, 2024 (liquidation preference - $82.5 million); 3,256,561 shares issued and outstanding at December 31, 2023 (liquidation preference - $81.4 million) (1) [1] $ 0 $ 0
[1] Both the Series A preferred stock and the Series B preferred stock have no par value and are part of the same aggregate 10,000,000 shares authorized.