RM FY 2018 Earnings Report — Regional Management Corp. Revenue & Financial Results | Market Cap Arena

Regional Management Corp.RM

FY 2018 Earnings

Reported March 8, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$307M	—	$272M	—	12.6%
Op. Income	$46M	—	$40M	—	14.0%
Gross Margin	60.7%	—	62.8%	—	-2.1pp
Net Margin	11.5%	—	11.0%	—	0.5pp
EPS (Diluted)	$2.93	—	$2.54	—	15.4%
Free Cash Flow	$139M	—	$104M	—	33.7%

Revenue Flow

Item	Amount
REVENUE	$307M
Cost of Revenue	$121M
GROSS PROFIT	$186M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$112M
SG&A Expenses	$119M
Other Expenses	$21M
Operating Expenses	$140M
Cost & Expenses	$261M
OPERATING INCOME	$46M
Interest Income	$280M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$46M
Income Tax Expense	$11M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$9M
EBIT	$46M
EBITDA	$55M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$307M
Cost of Revenue	$121M
GROSS PROFIT	$186M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$112M
SG&A Expenses	$119M
Other Expenses	$21M
Operating Expenses	$140M
Cost & Expenses	$261M
OPERATING INCOME	$46M
Interest Income	$280M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$46M
Income Tax Expense	$11M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$9M
EBIT	$46M
EBITDA	$55M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$35M
Depreciation & Amortization	$9M
Stock-Based Compensation	$5M
Deferred Income Tax	-$4M
Other Non-Cash Items	$87M
Change in Working Capital	$14M
OPERATING CASH FLOW	$146M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$194M
NET CASH FROM INVESTING	-$199M
Net Debt Issuance	$89M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$8M
NET CASH FROM FINANCING	$81M
FREE CASH FLOW	$139M
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$4M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$10M
PP&E (Net)	$14M
Goodwill	$716.0K
Intangible Assets	$9M
Long-Term Investments	$874M
Tax Assets	$0
Other Non-Current Assets	$48M
TOTAL NON-CURRENT ASSETS	$946M
TOTAL ASSETS	$956M
Account Payables	$0
Short-Term Debt	$355M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$355M
Long-Term Debt	$297M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$747.0K
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$323M
TOTAL LIABILITIES	$677M
Common Stock	$1M
Additional Paid-In Capital	$99M
Retained Earnings	$204M
Treasury Stock	-$25M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$279M
Minority Interest	$0
TOTAL EQUITY	$279M
TOTAL LIABILITIES & EQUITY	$956M
Total Debt	$651M
Net Debt	$648M