WRLD FY 2018 Earnings Report — World Acceptance Corporation Revenue & Financial Results | Market Cap Arena

World Acceptance CorporationWRLD

FY 2018 Earnings

Reported June 14, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$503M	—	$491M	—	2.4%
Op. Income	$97M	—	$106M	—	-8.6%
Gross Margin	72.8%	—	71.4%	—	1.4pp
Net Margin	10.7%	—	15.0%	—	-4.3pp
EPS (Diluted)	$5.99	—	$8.38	—	-28.5%
Free Cash Flow	$207M	—	$208M	—	-0.7%

Revenue Flow

Item	Amount
REVENUE	$503M
Cost of Revenue	$137M
GROSS PROFIT	$366M
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$208M
SG&A Expenses	$229M
Other Expenses	$40M
Operating Expenses	$269M
Cost & Expenses	$406M
OPERATING INCOME	$97M
Interest Income	$436M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$97M
Income Tax Expense	$48M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$5M
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$8M
EBIT	$97M
EBITDA	$105M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$503M
Cost of Revenue	$137M
GROSS PROFIT	$366M
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$208M
SG&A Expenses	$229M
Other Expenses	$40M
Operating Expenses	$269M
Cost & Expenses	$406M
OPERATING INCOME	$97M
Interest Income	$436M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$97M
Income Tax Expense	$48M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$5M
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$8M
EBIT	$97M
EBITDA	$105M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$8M
Stock-Based Compensation	$5M
Deferred Income Tax	$9M
Other Non-Cash Items	$132M
Change in Working Capital	$10M
OPERATING CASH FLOW	$218M
Capital Expenditure	-$11M
Acquisitions (Net)	-$16M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$143M
NET CASH FROM INVESTING	-$170M
Net Debt Issuance	-$50M
Common Stock Repurchased	-$5M
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$31M
FREE CASH FLOW	$207M
Net Change in Cash	$17M

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)	$23M
Goodwill	$7M
Intangible Assets	$7M
Long-Term Investments	$759M
Tax Assets	$20M
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$829M
TOTAL ASSETS	$841M
Account Payables	$34M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$34M
Long-Term Debt	$245M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$266M
TOTAL LIABILITIES	$300M
Common Stock	$0
Additional Paid-In Capital	$176M
Retained Earnings	$391M
Treasury Stock	$0
Accum. Other Comp. Income	-$26M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$541M
Minority Interest	$0
TOTAL EQUITY	$541M
TOTAL LIABILITIES & EQUITY	$841M
Total Debt	$245M
Net Debt	$232M