RM FY 2010 Earnings Report — Regional Management Corp. Revenue & Financial Results | Market Cap Arena

Regional Management Corp.RM

FY 2010 Earnings

Reported December 31, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$87M	—	$73M	—	19.3%
Op. Income	$26M	—	$14M	—	78.6%
Gross Margin	69.3%	—	61.4%	—	7.9pp
Net Margin	18.9%	—	13.6%	—	5.4pp
EPS (Diluted)	$1.72	—	$1.03	—	67.0%
Free Cash Flow	$40M	—	$31M	—	30.4%

Revenue Flow

Item	Amount
REVENUE	$87M
Cost of Revenue	$27M
GROSS PROFIT	$60M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$26M
SG&A Expenses	$28M
Other Expenses	$6M
Operating Expenses	$35M
Cost & Expenses	$61M
OPERATING INCOME	$26M
Interest Income	$74M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$26M
Income Tax Expense	$9M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$1M
EBIT	$26M
EBITDA	$27M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$87M
Cost of Revenue	$27M
GROSS PROFIT	$60M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$26M
SG&A Expenses	$28M
Other Expenses	$6M
Operating Expenses	$35M
Cost & Expenses	$61M
OPERATING INCOME	$26M
Interest Income	$74M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$26M
Income Tax Expense	$9M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$1M
EBIT	$26M
EBITDA	$27M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$16M
Depreciation & Amortization	$1M
Stock-Based Compensation	$360.0K
Deferred Income Tax	$3M
Other Non-Cash Items	$18M
Change in Working Capital	$3M
OPERATING CASH FLOW	$41M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$43.0K
Sales/Maturities of Investments	$0
Other Investing Activities	-$49M
NET CASH FROM INVESTING	-$51M
Net Debt Issuance	$7M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$7M
FREE CASH FLOW	$40M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$856.0K
Short-Term Investments	$0
Net Receivables	$792.0K
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2M
PP&E (Net)	$3M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$230M
Tax Assets	$4M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$239M
TOTAL ASSETS	$241M
Account Payables	$0
Short-Term Debt	$164M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$172M
Long-Term Debt	$26M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$26M
TOTAL LIABILITIES	$198M
Common Stock	$934.0K
Additional Paid-In Capital	$28M
Retained Earnings	$3M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$12M
TOTAL STOCKHOLDERS' EQUITY	$43M
Minority Interest	$0
TOTAL EQUITY	$43M
TOTAL LIABILITIES & EQUITY	$241M
Total Debt	$190M
Net Debt	$189M