RM FY 2019 Earnings Report — Regional Management Corp. Revenue & Financial Results | Market Cap Arena

Regional Management Corp.RM

FY 2019 Earnings

Reported March 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$356M	—	$307M	—	16.0%
Op. Income	$59M	—	$46M	—	28.5%
Gross Margin	60.7%	—	60.7%	—	0.0pp
Net Margin	12.6%	—	11.5%	—	1.1pp
EPS (Diluted)	$3.80	—	$2.93	—	29.7%
Free Cash Flow	$158M	—	$139M	—	13.0%

Revenue Flow

Item	Amount
REVENUE	$356M
Cost of Revenue	$140M
GROSS PROFIT	$216M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$126M
SG&A Expenses	$134M
Other Expenses	$23M
Operating Expenses	$157M
Cost & Expenses	$297M
OPERATING INCOME	$59M
Interest Income	$321M
Interest Expense	$40M
Other Income/Expenses	$0
INCOME BEFORE TAX	$59M
Income Tax Expense	$14M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$11M
EBIT	$59M
EBITDA	$70M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$356M
Cost of Revenue	$140M
GROSS PROFIT	$216M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$126M
SG&A Expenses	$134M
Other Expenses	$23M
Operating Expenses	$157M
Cost & Expenses	$297M
OPERATING INCOME	$59M
Interest Income	$321M
Interest Expense	$40M
Other Income/Expenses	$0
INCOME BEFORE TAX	$59M
Income Tax Expense	$14M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$11M
EBIT	$59M
EBITDA	$70M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$45M
Depreciation & Amortization	$11M
Stock-Based Compensation	$5M
Deferred Income Tax	-$1M
Other Non-Cash Items	$100M
Change in Working Capital	$6M
OPERATING CASH FLOW	$165M
Capital Expenditure	-$7M
Acquisitions (Net)	$59.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$268M
NET CASH FROM INVESTING	-$276M
Net Debt Issuance	$148M
Common Stock Repurchased	-$25M
Common Dividends Paid	$0
Other Financing Activities	-$6M
NET CASH FROM FINANCING	$117M
FREE CASH FLOW	$158M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$2M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7M
PP&E (Net)	$42M
Goodwill	$716.0K
Intangible Assets	$9M
Long-Term Investments	$1.1B
Tax Assets	$619.0K
Other Non-Current Assets	$28M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.2B
Account Payables	$0
Short-Term Debt	$393M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$393M
Long-Term Debt	$406M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$463M
TOTAL LIABILITIES	$856M
Common Stock	$1M
Additional Paid-In Capital	$103M
Retained Earnings	$249M
Treasury Stock	-$50M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$303M
Minority Interest	$0
TOTAL EQUITY	$303M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$827M
Net Debt	$825M