RM FY 2016 Earnings Report — Regional Management Corp. Revenue & Financial Results | Market Cap Arena

Regional Management Corp.RM

FY 2016 Earnings

Reported February 10, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$241M	—	$217M	—	10.7%
Op. Income	$39M	—	$38M	—	2.1%
Gross Margin	65.5%	—	70.7%	—	-5.2pp
Net Margin	10.0%	—	10.8%	—	-0.8pp
EPS (Diluted)	$1.99	—	$1.79	—	11.2%
Free Cash Flow	$89M	—	$78M	—	13.4%

Revenue Flow

Item	Amount
REVENUE	$241M
Cost of Revenue	$83M
GROSS PROFIT	$158M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$92M
SG&A Expenses	$99M
Other Expenses	$20M
Operating Expenses	$119M
Cost & Expenses	$202M
OPERATING INCOME	$39M
Interest Income	$221M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$39M
Income Tax Expense	$15M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$6M
EBIT	$39M
EBITDA	$45M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$241M
Cost of Revenue	$83M
GROSS PROFIT	$158M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$92M
SG&A Expenses	$99M
Other Expenses	$20M
Operating Expenses	$119M
Cost & Expenses	$202M
OPERATING INCOME	$39M
Interest Income	$221M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$39M
Income Tax Expense	$15M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$6M
EBIT	$39M
EBITDA	$45M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$6M
Stock-Based Compensation	$4M
Deferred Income Tax	$2M
Other Non-Cash Items	$63M
Change in Working Capital	$516.0K
OPERATING CASH FLOW	$100M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$153M
NET CASH FROM INVESTING	-$160M
Net Debt Issuance	$81M
Common Stock Repurchased	-$25M
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$54M
FREE CASH FLOW	$89M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$4M
Short-Term Investments	$0
Net Receivables	$725.0K
Inventory	-$62.0K
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5M
PP&E (Net)	$12M
Goodwill	$716.0K
Intangible Assets	$6M
Long-Term Investments	-$717M
Tax Assets	$735M
Other Non-Current Assets	-$18M
TOTAL NON-CURRENT ASSETS	$18M
TOTAL ASSETS	$712M
Account Payables	$15M
Short-Term Debt	$0
Deferred Revenue	$436M
Other Current Liabilities	-$15M
TOTAL CURRENT LIABILITIES	$452M
Long-Term Debt	$490M
Deferred Revenue NC	$528M
Deferred Tax Liabilities	-$38M
Other Non-Current Liabilities	-$490M
TOTAL NON-CURRENT LIABILITIES	$490M
TOTAL LIABILITIES	$505M
Common Stock	$1M
Additional Paid-In Capital	$92M
Retained Earnings	$139M
Treasury Stock	-$25M
Accum. Other Comp. Income	$207M
Other Equity	-$207M
TOTAL STOCKHOLDERS' EQUITY	$207M
Minority Interest	$477M
TOTAL EQUITY	$684M
TOTAL LIABILITIES & EQUITY	$712M
Total Debt	$490M
Net Debt	$485M