WRLD FY 2016 Earnings Report — World Acceptance Corporation Revenue & Financial Results | Market Cap Arena

World Acceptance CorporationWRLD

FY 2016 Earnings

Reported June 1, 2016

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	$557M	—	$610M	—	-8.6%
Op. Income	$138M	—	$176M	—	-21.7%
Gross Margin	73.0%	—	76.7%	—	-3.7pp
Net Margin	15.7%	—	18.2%	—	-2.5pp
EPS (Diluted)	$10.05	—	$11.90	—	-15.5%
Free Cash Flow	$197M	—	$233M	—	-15.2%

Revenue Flow

Item	Amount
REVENUE	$557M
Cost of Revenue	$150M
GROSS PROFIT	$407M
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$207M
SG&A Expenses	$224M
Other Expenses	$45M
Operating Expenses	$269M
Cost & Expenses	$420M
OPERATING INCOME	$138M
Interest Income	$495M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$138M
Income Tax Expense	$50M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$7M
EBIT	$138M
EBITDA	$145M
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$557M
Cost of Revenue	$150M
GROSS PROFIT	$407M
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$207M
SG&A Expenses	$224M
Other Expenses	$45M
Operating Expenses	$269M
Cost & Expenses	$420M
OPERATING INCOME	$138M
Interest Income	$495M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$138M
Income Tax Expense	$50M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$7M
EBIT	$138M
EBITDA	$145M
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$7M
Stock-Based Compensation	-$6M
Deferred Income Tax	-$785.0K
Other Non-Cash Items	$126M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$206M
Capital Expenditure	-$9M
Acquisitions (Net)	-$92.1K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$93M
NET CASH FROM INVESTING	-$102M
Net Debt Issuance	-$132M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$78.0K
NET CASH FROM FINANCING	-$129M
FREE CASH FLOW	$197M
Net Change in Cash	-$26M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$12M
PP&E (Net)	$25M
Goodwill	$6M
Intangible Assets	$3M
Long-Term Investments	$707M
Tax Assets	$38M
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$794M
TOTAL ASSETS	$806M
Account Payables	$31M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$31M
Long-Term Debt	$375M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$383M
TOTAL LIABILITIES	$414M
Common Stock	$0
Additional Paid-In Capital	$139M
Retained Earnings	$276M
Treasury Stock	$0
Accum. Other Comp. Income	-$23M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$392M
Minority Interest	$0
TOTAL EQUITY	$392M
TOTAL LIABILITIES & EQUITY	$806M
Total Debt	$375M
Net Debt	$362M