WRLD FY 2022 Earnings Report — World Acceptance Corporation Revenue & Financial Results | Market Cap Arena

World Acceptance CorporationWRLD

FY 2022 Earnings

Reported May 26, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$585M	—	$528M	—	10.8%
Op. Income	$66M	—	$111M	—	-41.1%
Gross Margin	62.5%	—	78.8%	—	-16.3pp
Net Margin	9.2%	—	16.7%	—	-7.5pp
EPS (Diluted)	$8.47	—	$13.23	—	-36.0%
Free Cash Flow	$266M	—	$215M	—	23.7%

Revenue Flow

Item	Amount
REVENUE	$585M
Cost of Revenue	$220M
GROSS PROFIT	$366M
R&D Expenses	$0
Selling & Marketing	$18M
General & Administrative	$225M
SG&A Expenses	$243M
Other Expenses	$57M
Operating Expenses	$300M
Cost & Expenses	$520M
OPERATING INCOME	$66M
Interest Income	$486M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$66M
Income Tax Expense	$12M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$12M
EBIT	$66M
EBITDA	$77M
EPS	$9
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$585M
Cost of Revenue	$220M
GROSS PROFIT	$366M
R&D Expenses	$0
Selling & Marketing	$18M
General & Administrative	$225M
SG&A Expenses	$243M
Other Expenses	$57M
Operating Expenses	$300M
Cost & Expenses	$520M
OPERATING INCOME	$66M
Interest Income	$486M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$66M
Income Tax Expense	$12M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$12M
EBIT	$66M
EBITDA	$77M
EPS	$9
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$12M
Stock-Based Compensation	$18M
Deferred Income Tax	-$11M
Other Non-Cash Items	$196M
Change in Working Capital	$5M
OPERATING CASH FLOW	$272M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$446M
NET CASH FROM INVESTING	-$452M
Net Debt Issuance	$291M
Common Stock Repurchased	-$111M
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	$183M
FREE CASH FLOW	$266M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$19M
Short-Term Investments	$0
Net Receivables	$986M
Inventory	$0
Other Current Assets	-$986M
TOTAL CURRENT ASSETS	$19M
PP&E (Net)	$111M
Goodwill	$7M
Intangible Assets	$20M
Long-Term Investments	$986M
Tax Assets	$40M
Other Non-Current Assets	$36M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.2B
Account Payables	$58M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$58M
Long-Term Debt	$692M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$787M
TOTAL LIABILITIES	$845M
Common Stock	$0
Additional Paid-In Capital	$281M
Retained Earnings	$92M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$373M
Minority Interest	$0
TOTAL EQUITY	$373M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$780M
Net Debt	$761M