Consumer Portfolio Services Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share data)
Three Months Ended Twelve Months Ended
December 31, December 31,
2000 1999 2000 1999
Revenues:
Gain (loss) on sale of
contracts, net $ 3,606 $ 1,317 $ 16,234 $ (14,844)
Interest income 997 (16,987) 3,480 3,032
Servicing fees 2,879 5,527 15,848 27,761
Other income (loss) 289 (78) 389 (1,144)
7,771 (10,221) 35,951 14,805
Expenses:
Interest 4,229 3,819 17,240 27,405
Employee costs 5,918 6,664 24,634 29,820
General and
administrative 5,075 4,967 15,772 19,605
Other expenses 2,758 2,341 10,708 10,138
17,980 17,791 68,354 86,968
Loss before income
taxes (10,209) (28,012) (32,403) (72,163)
Income tax benefit (3,523) (9,086) (10,256) (27,631)
Net loss $ (6,686) $ (18,926) $ (22,147) $ (44,532) |
