Affirm Results Presentation Deck
GAAP Statement of Cash Flows
affirm
Notes:
1. Metrics are unaudited
Statement of Cash Flows (SK)
Net Income (Loss)
Provision for losses
Amortization of premiums and discounts on loans
(Gain) loss on sales of loans
Changes in fair value of servicing assets and liabilities
Changes in fair value of convertible debt derivatives
Changes in fair value of residual trust certificates
Amortization of commercial agreement
Amortization of debt issuance costs
Stock-based compensation
Depreciation and amortization
Deferred tax (benefit) expense
Other
Purchases of loans held for sale
Proceeds from the sale of loans held for sale
Change in operating assets and liabilities:
Cash Flows from Operating Activities
Purchases of loans.
Origination of loans
Proceeds from the sale of loans
Principal repayments of loans
Acquisition funds in transit
Additions to property, equipment and software
Purchases of intangible assets
Cash Flows from Investing Activities
Proceeds from funding debt
Capitalization of debt issuance costs
Principal repayments of funding debt
Proceeds from issuance of notes and certificates by securitization trust
Principal repayments of notes issued by securitization trust
Proceeds from issuance of convertible debt, net
Proceeds from issuance of preferred stock, net
Repurchase of preferred stock
Proceeds from issuance of common stock
Repurchase of common stock
Cash Flows from Financing Activities
Net Increase (Decrease) in Cash and Restricted Cash
Cash and restricted cash, Beginning of Period
Cash and Restricted Cash, End of Period
Three Months Ended
Sep 30, 2019 Dec 31, 2019 Mar 31, 2020 Jun 30, 2020 Sep 30, 2020 Dec 31, 2020
$
$
(736)
(18,528) $
$
$ (558,305) $
$
$
(30,795) $ (30,996) $
24,844
30,178
(6,303) (6,891)
(5,725)
(741)
(4,738)
1.643
$
600
8,425
2,112
96
27
(343,488)
333,156
58,082
437,642
(5,411)
(67,992) $
410,534 $
(363,226)
15,483
-
743
(865)
62,669 $
(23,851) $
357,771
333,920 $
542
8,369
2,432
93
(15)
(741,322)
718,965
519
7,795
2,877
93
(874)
(551,140)
523,646
31,226
(8,210) $
(781,546) S (693,435) $
5,623
(16,117) $
78,975
505,844
(8,091)
(204,818) $
559,248 $
(1,371)
(376,382)
(2)
(22,591)
478
(17,589)
141,791 $
(85,620) $
82,216
(79,144) $
333,920
254,776 $
(7,474)
(9,866)
(1,608)
74,646
664,401
(5,202)
40,410 $
558,965 $
(12)
(589,552)
554
(400)
(30,445) $
34,813 $
(32,171)
(6,937)
(11,578)
(281)
3,834
91,730
686,946
(2,315)
(20,673) $
604,058 $
(6,304)
(552,995)
75,000
14,261
1,083
652
5,036
2,023
6,203
3,720
103
97
558
407
(465,533) (346,878)
446,171 338,926
(5,137)
12,644
(28,447) $
(2,304) $
(797,034) $ (1,177,769) $ (1,404,972)
(109,047)
129,911
951,681
(113,628)
(2,894)
(548,949)
759,441
(2,170)
(653,946)
378,223
(55,613)
958
120,717 $
(15,275) $
40,267
(11,123)
(16,434)
(96)
(30,106)
1,755 $ 71,597 $
254,776 256,531
256,531 $ 328,128 $
75,049
749,128
(4,169)
(357,761) $
773,938 $
(4,617)
(890,556)
518,232
(14,777)
434,434
1,741
(584)
817,811 $
(31,557)
17,468
(20,330)
(14,560)
(92)
457,746 $
328,128
785,874 $
-
(274)
17,039
1,278
6,521
3,351
78
1,834
(687,037)
662,747
(4,121)
(47,655)
108
21,676
(199)
447,520
(149,084)
785,874
636,790
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