WRLD FY 2017 Earnings Report — World Acceptance Corporation Revenue & Financial Results | Market Cap Arena

World Acceptance CorporationWRLD

FY 2017 Earnings

Reported June 29, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$491M	—	$557M	—	-12.0%
Op. Income	$106M	—	$138M	—	-23.2%
Gross Margin	71.4%	—	73.0%	—	-1.7pp
Net Margin	15.0%	—	15.7%	—	-0.7pp
EPS (Diluted)	$8.38	—	$10.05	—	-16.6%
Free Cash Flow	$208M	—	$197M	—	5.6%

Revenue Flow

Item	Amount
REVENUE	$491M
Cost of Revenue	$141M
GROSS PROFIT	$350M
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$189M
SG&A Expenses	$206M
Other Expenses	$39M
Operating Expenses	$244M
Cost & Expenses	$385M
OPERATING INCOME	$106M
Interest Income	$428M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$106M
Income Tax Expense	$38M
Net Income from Continuing Ops	$68M
Net Income from Discontinued Ops	$6M
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$7M
EBIT	$106M
EBITDA	$113M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$491M
Cost of Revenue	$141M
GROSS PROFIT	$350M
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$189M
SG&A Expenses	$206M
Other Expenses	$39M
Operating Expenses	$244M
Cost & Expenses	$385M
OPERATING INCOME	$106M
Interest Income	$428M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$106M
Income Tax Expense	$38M
Net Income from Continuing Ops	$68M
Net Income from Discontinued Ops	$6M
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$7M
EBIT	$106M
EBITDA	$113M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$74M
Depreciation & Amortization	$7M
Stock-Based Compensation	$5M
Deferred Income Tax	-$894.0K
Other Non-Cash Items	$131M
Change in Working Capital	$4M
OPERATING CASH FLOW	$219M
Capital Expenditure	-$11M
Acquisitions (Net)	-$21M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$100M
NET CASH FROM INVESTING	-$132M
Net Debt Issuance	-$80M
Common Stock Repurchased	-$5M
Common Dividends Paid	$0
Other Financing Activities	$395.0K
NET CASH FROM FINANCING	-$84M
FREE CASH FLOW	$208M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$15M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$15M
PP&E (Net)	$24M
Goodwill	$6M
Intangible Assets	$7M
Long-Term Investments	$696M
Tax Assets	$39M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$785M
TOTAL ASSETS	$801M
Account Payables	$32M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$32M
Long-Term Debt	$295M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$308M
TOTAL LIABILITIES	$340M
Common Stock	$0
Additional Paid-In Capital	$144M
Retained Earnings	$345M
Treasury Stock	$0
Accum. Other Comp. Income	-$28M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$461M
Minority Interest	$0
TOTAL EQUITY	$461M
TOTAL LIABILITIES & EQUITY	$801M
Total Debt	$295M
Net Debt	$280M