RM FY 2021 Earnings Report — Regional Management Corp. Revenue & Financial Results | Market Cap Arena

Regional Management Corp.RM

FY 2021 Earnings

Reported March 4, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$428M	—	$374M	—	14.6%
Op. Income	$112M	—	$36M	—	213.1%
Gross Margin	71.9%	—	56.8%	—	15.1pp
Net Margin	20.7%	—	7.1%	—	13.6pp
EPS (Diluted)	$8.33	—	$2.40	—	247.1%
Free Cash Flow	$182M	—	$167M	—	9.2%

Revenue Flow

Item	Amount
REVENUE	$428M
Cost of Revenue	$120M
GROSS PROFIT	$308M
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$157M
SG&A Expenses	$171M
Other Expenses	$24M
Operating Expenses	$196M
Cost & Expenses	$316M
OPERATING INCOME	$112M
Interest Income	$383M
Interest Expense	$31M
Other Income/Expenses	$0
INCOME BEFORE TAX	$112M
Income Tax Expense	$24M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$12M
EBIT	$112M
EBITDA	$124M
EPS	$9
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$428M
Cost of Revenue	$120M
GROSS PROFIT	$308M
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$157M
SG&A Expenses	$171M
Other Expenses	$24M
Operating Expenses	$196M
Cost & Expenses	$316M
OPERATING INCOME	$112M
Interest Income	$383M
Interest Expense	$31M
Other Income/Expenses	$0
INCOME BEFORE TAX	$112M
Income Tax Expense	$24M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$12M
EBIT	$112M
EBITDA	$124M
EPS	$9
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$12M
Stock-Based Compensation	$7M
Deferred Income Tax	-$4M
Other Non-Cash Items	$71M
Change in Working Capital	$15M
OPERATING CASH FLOW	$189M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$348M
NET CASH FROM INVESTING	-$355M
Net Debt Issuance	$339M
Common Stock Repurchased	-$67M
Common Dividends Paid	-$10M
Other Financing Activities	-$19M
NET CASH FROM FINANCING	$243M
FREE CASH FLOW	$182M
Net Change in Cash	$77M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$0
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$22M
PP&E (Net)	$42M
Goodwill	$716.0K
Intangible Assets	$9M
Long-Term Investments	$1.3B
Tax Assets	$18M
Other Non-Current Assets	$95M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.5B
Account Payables	$0
Short-Term Debt	$240M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$240M
Long-Term Debt	$857M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$49M
TOTAL NON-CURRENT LIABILITIES	$937M
TOTAL LIABILITIES	$1.2B
Common Stock	$1M
Additional Paid-In Capital	$105M
Retained Earnings	$306M
Treasury Stock	-$130M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$283M
Minority Interest	$0
TOTAL EQUITY	$283M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$1.1B
Net Debt	$1.1B