WRLD FY 2023 Earnings Report — World Acceptance Corporation Revenue & Financial Results | Market Cap Arena

World Acceptance CorporationWRLD

FY 2023 Earnings

Reported June 1, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$617M	—	$585M	—	5.4%
Op. Income	$27M	—	$66M	—	-58.6%
Gross Margin	49.7%	—	62.5%	—	-12.7pp
Net Margin	3.4%	—	9.2%	—	-5.8pp
EPS (Diluted)	$3.60	—	$8.47	—	-57.5%
Free Cash Flow	$286M	—	$266M	—	7.3%

Revenue Flow

Item	Amount
REVENUE	$617M
Cost of Revenue	$310M
GROSS PROFIT	$307M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$217M
SG&A Expenses	$223M
Other Expenses	$57M
Operating Expenses	$279M
Cost & Expenses	$589M
OPERATING INCOME	$27M
Interest Income	$508M
Interest Expense	$50M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$6M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$11M
EBIT	$27M
EBITDA	$38M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$617M
Cost of Revenue	$310M
GROSS PROFIT	$307M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$217M
SG&A Expenses	$223M
Other Expenses	$57M
Operating Expenses	$279M
Cost & Expenses	$589M
OPERATING INCOME	$27M
Interest Income	$508M
Interest Expense	$50M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$6M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$11M
EBIT	$27M
EBITDA	$38M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$21M
Depreciation & Amortization	$11M
Stock-Based Compensation	$9M
Deferred Income Tax	-$2M
Other Non-Cash Items	$274M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$292M
Capital Expenditure	-$6M
Acquisitions (Net)	-$23M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$152M
NET CASH FROM INVESTING	-$181M
Net Debt Issuance	-$97M
Common Stock Repurchased	-$14M
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$114M
FREE CASH FLOW	$286M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$17M
Short-Term Investments	$0
Net Receivables	$888M
Inventory	$0
Other Current Assets	-$888M
TOTAL CURRENT ASSETS	$17M
PP&E (Net)	$105M
Goodwill	$7M
Intangible Assets	$15M
Long-Term Investments	$888M
Tax Assets	$42M
Other Non-Current Assets	$43M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.1B
Account Payables	$51M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$51M
Long-Term Debt	$595M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$682M
TOTAL LIABILITIES	$732M
Common Stock	$0
Additional Paid-In Capital	$288M
Retained Earnings	$97M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$385M
Minority Interest	$0
TOTAL EQUITY	$385M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$679M
Net Debt	$662M