WRLD FY 2019 Earnings Report — World Acceptance Corporation Revenue & Financial Results | Market Cap Arena

World Acceptance CorporationWRLD

FY 2019 Earnings

Reported May 24, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$545M	—	$503M	—	8.3%
Op. Income	$90M	—	$97M	—	-7.2%
Gross Margin	69.4%	—	72.8%	—	-3.4pp
Net Margin	6.8%	—	10.7%	—	-3.8pp
EPS (Diluted)	$4.01	—	$5.99	—	-33.1%
Free Cash Flow	$225M	—	$207M	—	8.6%

Revenue Flow

Item	Amount
REVENUE	$545M
Cost of Revenue	$166M
GROSS PROFIT	$378M
R&D Expenses	$0
Selling & Marketing	$22M
General & Administrative	$216M
SG&A Expenses	$238M
Other Expenses	$50M
Operating Expenses	$288M
Cost & Expenses	$455M
OPERATING INCOME	$90M
Interest Income	$469M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$90M
Income Tax Expense	$16M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	-$37M
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$8M
EBIT	$90M
EBITDA	$98M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$545M
Cost of Revenue	$166M
GROSS PROFIT	$378M
R&D Expenses	$0
Selling & Marketing	$22M
General & Administrative	$216M
SG&A Expenses	$238M
Other Expenses	$50M
Operating Expenses	$288M
Cost & Expenses	$455M
OPERATING INCOME	$90M
Interest Income	$469M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$90M
Income Tax Expense	$16M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	-$37M
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$8M
EBIT	$90M
EBITDA	$98M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$8M
Stock-Based Compensation	$18M
Deferred Income Tax	-$4M
Other Non-Cash Items	$187M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$245M
Capital Expenditure	-$20M
Acquisitions (Net)	$37M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$235M
NET CASH FROM INVESTING	-$207M
Net Debt Issuance	$7M
Common Stock Repurchased	-$75M
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$63M
FREE CASH FLOW	$225M
Net Change in Cash	-$23M

Balance Sheet

Item	Amount
Cash & Equivalents	$9M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$9M
PP&E (Net)	$25M
Goodwill	$7M
Intangible Assets	$15M
Long-Term Investments	$756M
Tax Assets	$24M
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$846M
TOTAL ASSETS	$855M
Account Payables	$39M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$39M
Long-Term Debt	$252M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$263M
TOTAL LIABILITIES	$303M
Common Stock	$0
Additional Paid-In Capital	$198M
Retained Earnings	$354M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$552M
Minority Interest	$0
TOTAL EQUITY	$552M
TOTAL LIABILITIES & EQUITY	$855M
Total Debt	$252M
Net Debt	$243M