How do you interpret U.S. operations — gain (loss) on extinguishment of debt?

A gain indicates debt was retired below book value, while a loss indicates a premium was paid to retire debt early, often for refinancing purposes.

How does U.S. operations — gain (loss) on extinguishment of debt compare across companies?

Comparable to gain or loss on early debt retirement reported by any company with significant long-term debt obligations.

FirstCash Holdings FCFS U.S. Operations — Gain (Loss) on Extinguishment of Debt

Discontinued — last reported Q4 '20

Similar metrics at other companies

GSATGains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost

$0+100%

GPMTGain (Loss) on Extinguishment of Debt, Cash Portion

$0—

QSRNon Cash Portion Of Gain (Loss) On Extinguishment Of Debt

-$2M—

SSNCLoss Gain On Extinguishment Of Debt

-$400K+55.6%

AIZCorporate and Other — Gain (Loss) on Extinguishment of Debt

$41.4M—

CPRTGain (Loss) on Extinguishment of Liabilities

$0-100%

Other financials

Income statement

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Revenue$1.1B+25.7%

Gross profit$773.6M+26.3%

Net income$107.7M+28.8%

EPS (diluted)$2.43+29.9%

Balance sheet

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Cash & equivalents$130.7M-10.5%

Total debt$2.0B+0.3%

Total equity$2.3B+11.6%

Total assets$5.4B+21.1%

Cash flow

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Operating cash flow$153.6M+21.3%

CapEx$13.7M-19.5%

Free cash flow$132.8M+12.6%

Valuation

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Market cap$9.95B+53.5%

Enterprise value$11.86B+39.9%

P/E28.1×+5.0×

P/S2.6×+0.7×

Profitability

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Gross margin72.6%-0.5pp

Net margin9.1%+0.9pp

FCF margin14.5%+0.6pp

Returns & leverage

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Return on equity16.3%+2.6pp

Debt / equity0.9×-0.1×

Current ratio4.8×+0.4×

Where this comes from

Reported directly by FirstCash Holdings in its filing.

Tagged under the XBRL concept us-gaap:GainsLossesOnExtinguishmentOfDebt.

The official record: FirstCash Holdings’s 10-K, filed February 1, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does U.S. operations — gain (loss) on extinguishment of debt mean?: The financial gain or loss resulting from paying off debt obligations before their maturity date.
How do you interpret U.S. operations — gain (loss) on extinguishment of debt?: A gain indicates debt was retired below book value, while a loss indicates a premium was paid to retire debt early, often for refinancing purposes.
How does U.S. operations — gain (loss) on extinguishment of debt compare across companies?: Comparable to gain or loss on early debt retirement reported by any company with significant long-term debt obligations.