CACC Q1 2016 Earnings Report — Credit Acceptance Corporation Revenue & Financial Results | Market Cap Arena

Credit Acceptance CorporationCACC

Q1 2016 Earnings

Reported May 2, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2016	Q4 2015	Q1 2015	QoQ Change	YoY Change
Revenue	$214M	—	—	—	—
Op. Income	$104M	—	—	—	—
Gross Margin	71.2%	—	—	—	—
Net Margin	34.8%	—	—	—	—
EPS (Diluted)	$3.63	—	—	—	—
Free Cash Flow	$90M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$214M
Cost of Revenue	$62M
GROSS PROFIT	$152M
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$12M
SG&A Expenses	$26M
Other Expenses	$22M
Operating Expenses	$48M
Cost & Expenses	$110M
OPERATING INCOME	$104M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	$14M
INCOME BEFORE TAX	$118M
Income Tax Expense	$44M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$4M
EBIT	$104M
EBITDA	$108M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$214M
Cost of Revenue	$62M
GROSS PROFIT	$152M
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$12M
SG&A Expenses	$26M
Other Expenses	$22M
Operating Expenses	$48M
Cost & Expenses	$110M
OPERATING INCOME	$104M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	$14M
INCOME BEFORE TAX	$118M
Income Tax Expense	$44M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$4M
EBIT	$104M
EBITDA	$108M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$74M
Depreciation & Amortization	$4M
Stock-Based Compensation	$2M
Deferred Income Tax	$3M
Other Non-Cash Items	$22M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$92M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$13M
Sales/Maturities of Investments	$12M
Other Investing Activities	-$342M
NET CASH FROM INVESTING	-$344M
Net Debt Issuance	$259M
Common Stock Repurchased	-$41M
Common Dividends Paid	$0
Other Financing Activities	$37M
NET CASH FROM FINANCING	$255M
FREE CASH FLOW	$90M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$9M
Short-Term Investments	$0
Net Receivables	$3.4B
Inventory	$49M
Other Current Assets	$228M
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$19M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$252M
Other Non-Current Assets	-$188M
TOTAL NON-CURRENT ASSETS	$84M
TOTAL ASSETS	$3.7B
Account Payables	$132M
Short-Term Debt	$36M
Deferred Revenue	$0
Other Current Liabilities	-$168M
TOTAL CURRENT LIABILITIES	$132M
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$252M
Other Non-Current Liabilities	$132M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$2.7B
Common Stock	$200.0K
Additional Paid-In Capital	$126M
Retained Earnings	$865M
Treasury Stock	$0
Accum. Other Comp. Income	$300.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$991M
Minority Interest	$0
TOTAL EQUITY	$991M
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$2.3B
Net Debt	$2.3B