WRLD FY 2015 Earnings Report — World Acceptance Corporation Revenue & Financial Results | Market Cap Arena

World Acceptance CorporationWRLD

FY 2015 Earnings

Reported June 2, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$610M	—	$599M	—	1.8%
Op. Income	$176M	—	$170M	—	3.4%
Gross Margin	76.7%	—	75.3%	—	1.4pp
Net Margin	18.2%	—	17.8%	—	0.4pp
EPS (Diluted)	$11.90	—	$9.08	—	31.1%
Free Cash Flow	$233M	—	$238M	—	-2.3%

Revenue Flow

Item	Amount
REVENUE	$610M
Cost of Revenue	$142M
GROSS PROFIT	$468M
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$232M
SG&A Expenses	$250M
Other Expenses	$42M
Operating Expenses	$292M
Cost & Expenses	$434M
OPERATING INCOME	$176M
Interest Income	$524M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$176M
Income Tax Expense	$65M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$7M
EBIT	$176M
EBITDA	$183M
EPS	$12
EPS Diluted	$12

Income Statement

Item	Amount
REVENUE	$610M
Cost of Revenue	$142M
GROSS PROFIT	$468M
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$232M
SG&A Expenses	$250M
Other Expenses	$42M
Operating Expenses	$292M
Cost & Expenses	$434M
OPERATING INCOME	$176M
Interest Income	$524M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$176M
Income Tax Expense	$65M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$7M
EBIT	$176M
EBITDA	$183M
EPS	$12
EPS Diluted	$12

Cash Flow Statement

Item	Amount
Net Income	$111M
Depreciation & Amortization	$7M
Stock-Based Compensation	$16M
Deferred Income Tax	-$4M
Other Non-Cash Items	$103M
Change in Working Capital	$8M
OPERATING CASH FLOW	$242M
Capital Expenditure	-$9M
Acquisitions (Net)	-$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$99M
NET CASH FROM INVESTING	-$108M
Net Debt Issuance	-$4M
Common Stock Repurchased	-$115M
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$112M
FREE CASH FLOW	$233M
Net Change in Cash	$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$38M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$38M
PP&E (Net)	$26M
Goodwill	$6M
Intangible Assets	$3M
Long-Term Investments	$742M
Tax Assets	$37M
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$828M
TOTAL ASSETS	$866M
Account Payables	$31M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$31M
Long-Term Debt	$501M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$519M
TOTAL LIABILITIES	$551M
Common Stock	$0
Additional Paid-In Capital	$142M
Retained Earnings	$189M
Treasury Stock	$0
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$316M
Minority Interest	$0
TOTAL EQUITY	$316M
TOTAL LIABILITIES & EQUITY	$866M
Total Debt	$501M
Net Debt	$463M