◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

CREDIT ACCEPTANCE CORP CIK: 885550 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000885550-15-000038
Period End Date 20150331
Filing Date 20150429
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance cacc-20150331.xml
Filing Contents
Balance Sheet 72 line items
Line Item Tag Value Unit Period
Loans receivable, from affiliates DueFromAffiliates $9.20M USD Point-in-time
Loans receivable, from affiliates DueFromAffiliates $8.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $6.40M USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $86.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.20M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $5.60M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalents $157.60M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalents $198.90M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Restricted securities available for sale AvailableForSaleSecuritiesRestricted $53.00M USD Point-in-time
Restricted securities available for sale AvailableForSaleSecuritiesRestricted $53.20M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Loans receivable (including $9.2 and $8.7 from affiliates as of March 31, 2015 and December 31, 2014, respectively) LoansAndLeasesReceivableNetOfDeferredIncome $2.52B USD Point-in-time
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Loans receivable (including $9.2 and $8.7 from affiliates as of March 31, 2015 and December 31, 2014, respectively) LoansAndLeasesReceivableNetOfDeferredIncome $2.94B USD Point-in-time
Loans receivable (including $9.2 and $8.7 from affiliates as of March 31, 2015 and December 31, 2014, respectively) LoansAndLeasesReceivableNetOfDeferredIncome $2.72B USD Point-in-time
Loans receivable (including $9.2 and $8.7 from affiliates as of March 31, 2015 and December 31, 2014, respectively) LoansAndLeasesReceivableNetOfDeferredIncome $2.41B USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $195.40M USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $206.90M USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $200.10M USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $210.40M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 80.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 80.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 20.60M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 20.60M shares Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $2.73B USD Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $2.51B USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 20.60M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $20.90M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 20.60M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $20.60M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $1.00M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $1.40M USD Point-in-time
Other assets OtherAssets $33.00M USD Point-in-time
Other assets OtherAssets $33.70M USD Point-in-time
Total Assets Assets $3.13B USD Point-in-time
Total Assets Assets $2.79B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $114.40M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $129.90M USD Point-in-time
Revolving secured line of credit LineOfCredit $119.50M USD Point-in-time
Revolving secured line of credit LineOfCredit - USD Point-in-time
Secured financing SecuredDebt $1.44B USD Point-in-time
Secured financing SecuredDebt $1.33B USD Point-in-time
Senior notes SeniorLongTermNotes $548.20M USD Point-in-time
Senior notes SeniorLongTermNotes $300.00M USD Point-in-time
Deferred income taxes, net DeferredTaxAssetsLiabilitiesNet $-213.40M USD Point-in-time
Deferred income taxes, net DeferredTaxAssetsLiabilitiesNet $-220.50M USD Point-in-time
Income taxes payable AccruedIncomeTaxes $2.90M USD Point-in-time
Income taxes payable AccruedIncomeTaxes $15.90M USD Point-in-time
Total Liabilities Liabilities $2.35B USD Point-in-time
Total Liabilities Liabilities $2.08B USD Point-in-time
Commitments and Contingencies - See Note 14 CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies - See Note 14 CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $.01 par value, 1,000,000 shares authorized, none issued PreferredStockValue - USD Point-in-time
Preferred stock, $.01 par value, 1,000,000 shares authorized, none issued PreferredStockValue - USD Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 20,597,554 and 20,597,671 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively CommonStockValue $200.00K USD Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 20,597,554 and 20,597,671 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively CommonStockValue $200.00K USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $92.40M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $88.70M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $613.40M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $684.50M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-100.00K USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $200.00K USD Point-in-time
Total Shareholders' Equity StockholdersEquity $777.30M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $702.20M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $2.79B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $3.13B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Finance charges FinancialServicesRevenue $169.90M USD 1 Quarter
Finance charges FinancialServicesRevenue $152.80M USD 1 Quarter
Premiums earned PremiumsEarnedNet $12.10M USD 1 Quarter
Premiums earned PremiumsEarnedNet $13.20M USD 1 Quarter
Other income OtherIncome $10.90M USD 1 Quarter
Other income OtherIncome $12.20M USD 1 Quarter
Total revenue Revenues $194.20M USD 1 Quarter
Total revenue Revenues $176.90M USD 1 Quarter
Salaries and wages LaborAndRelatedExpense $30.40M USD 1 Quarter
Salaries and wages LaborAndRelatedExpense $25.60M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $9.10M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $8.20M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $9.60M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $11.70M USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $6.20M USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $4.70M USD 1 Quarter
Interest InterestExpense $16.00M USD 1 Quarter
Interest InterestExpense $14.90M USD 1 Quarter
Provision for claims PolicyholderBenefitsAndClaimsIncurredNet $11.00M USD 1 Quarter
Provision for claims PolicyholderBenefitsAndClaimsIncurredNet $8.60M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-21.80M USD 1 Quarter
Total costs and expenses CostsAndExpenses $96.90M USD 1 Quarter
Total costs and expenses CostsAndExpenses $80.90M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $113.30M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $80.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $30.20M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $41.80M USD 1 Quarter
Net income NetIncomeLoss $49.80M USD 1 Quarter
Net income NetIncomeLoss $71.50M USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $2.12 USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $3.42 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $2.12 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $3.41 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 20.92M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 23.46M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 23.53M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 20.95M shares 1 Quarter
Cash Flow Statement 86 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $49.80M USD 1 Quarter
Net income NetIncomeLoss $71.50M USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $6.20M USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $4.70M USD 1 Quarter
Depreciation Depreciation $1.50M USD 1 Quarter
Depreciation Depreciation $1.30M USD 1 Quarter
Amortization AmortizationOfFinancingCostsAndDiscounts $2.20M USD 1 Quarter
Amortization AmortizationOfFinancingCostsAndDiscounts $1.70M USD 1 Quarter
Loss on retirement of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-100.00K USD 1 Quarter
Loss on retirement of property and equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Provision for deferred income taxes DeferredIncomeTaxExpenseBenefit $27.70M USD 1 Quarter
Provision for deferred income taxes DeferredIncomeTaxExpenseBenefit $7.00M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-21.80M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $4.40M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $4.10M USD 1 Quarter
Increase (decrease) in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $7.90M USD 1 Quarter
Increase (decrease) in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-2.40M USD 1 Quarter
Decrease (increase) in income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $-400.00K USD 1 Quarter
Decrease (increase) in income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $900.00K USD 1 Quarter
Increase (decrease) in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-15.70M USD 1 Quarter
Increase (decrease) in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $13.00M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-3.50M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-1.10M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $93.50M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $117.40M USD 1 Quarter
Increase in restricted cash and cash equivalents IncreaseDecreaseInRestrictedCash $41.30M USD 1 Quarter
Increase in restricted cash and cash equivalents IncreaseDecreaseInRestrictedCash $35.30M USD 1 Quarter
Purchases of restricted securities available for sale PaymentsToAcquireAvailableForSaleSecurities $15.20M USD 1 Quarter
Purchases of restricted securities available for sale PaymentsToAcquireAvailableForSaleSecurities $11.60M USD 1 Quarter
Proceeds from sale of restricted securities available for sale ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $2.10M USD 1 Quarter
Proceeds from sale of restricted securities available for sale ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $11.50M USD 1 Quarter
Maturities of restricted securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $14.50M USD 1 Quarter
Maturities of restricted securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $500.00K USD 1 Quarter
Principal collected on Loans receivable ProceedsFromCollectionOfLoansReceivable $454.50M USD 1 Quarter
Principal collected on Loans receivable ProceedsFromCollectionOfLoansReceivable $408.20M USD 1 Quarter
Advances to Dealers AdvancesToDealers $533.50M USD 1 Quarter
Advances to Dealers AdvancesToDealers $421.30M USD 1 Quarter
Purchases of Consumer Loans PaymentsToAcquireLoansReceivable $51.10M USD 1 Quarter
Purchases of Consumer Loans PaymentsToAcquireLoansReceivable $92.60M USD 1 Quarter
Accelerated payments of Dealer Holdback AcceleratedPaymentsOfDealerHoldback $11.20M USD 1 Quarter
Accelerated payments of Dealer Holdback AcceleratedPaymentsOfDealerHoldback $13.80M USD 1 Quarter
Payments of Dealer Holdback PaymentsOfDealerHoldback $34.50M USD 1 Quarter
Payments of Dealer Holdback PaymentsOfDealerHoldback $41.10M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.30M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.10M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-268.70M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-145.90M USD 1 Quarter
Borrowings under revolving secured line of credit ProceedsFromLongTermLinesOfCredit $988.40M USD 1 Quarter
Borrowings under revolving secured line of credit ProceedsFromLongTermLinesOfCredit $525.10M USD 1 Quarter
Repayments under revolving secured line of credit RepaymentsOfLongTermLinesOfCredit $1.11B USD 1 Quarter
Repayments under revolving secured line of credit RepaymentsOfLongTermLinesOfCredit $512.00M USD 1 Quarter
Proceeds from secured financing ProceedsFromIssuanceOfSecuredDebt $360.60M USD 1 Quarter
Proceeds from secured financing ProceedsFromIssuanceOfSecuredDebt $535.40M USD 1 Quarter
Repayments of secured financing RepaymentsOfSecuredDebt $157.60M USD 1 Quarter
Repayments of secured financing RepaymentsOfSecuredDebt $433.10M USD 1 Quarter
Proceeds from issuance of senior notes ProceedsFromIssuanceOfSeniorLongTermDebt $248.20M USD 1 Quarter
Proceeds from issuance of senior notes ProceedsFromIssuanceOfSeniorLongTermDebt $300.00M USD 1 Quarter
Repayment of senior notes RepaymentsOfSeniorDebt $350.00M USD 1 Quarter
Repayment of senior notes RepaymentsOfSeniorDebt - USD 1 Quarter
Payments of debt issuance and debt extinguishment costs PaymentsOfDebtIssuanceCosts $6.20M USD 1 Quarter
Payments of debt issuance and debt extinguishment costs PaymentsOfDebtIssuanceCosts $22.80M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $1.10M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $103.60M USD 1 Quarter
Proceeds from stock options exercised ProceedsFromStockOptionsExercised $600.00K USD 1 Quarter
Proceeds from stock options exercised ProceedsFromStockOptionsExercised - USD 1 Quarter
Tax benefits from stock-based compensation plans ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $13.60M USD 1 Quarter
Tax benefits from stock-based compensation plans ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $300.00K USD 1 Quarter
Proceeds from (Payments for) Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities $-100.00K USD 1 Quarter
Proceeds from (Payments for) Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities $7.60M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $231.60M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $53.80M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $80.30M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $1.40M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $6.40M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $86.70M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $4.20M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $5.60M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $6.40M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $86.70M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $4.20M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $5.60M USD Point-in-time
Cash paid during the period for interest InterestPaidNet $23.80M USD 1 Quarter
Cash paid during the period for interest InterestPaidNet $17.30M USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaidNet $20.20M USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaidNet $5.50M USD 1 Quarter
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $49.80M USD 1 Quarter
Net income NetIncomeLoss $71.50M USD 1 Quarter
Unrealized gain (loss) on securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $300.00K USD 1 Quarter
Unrealized gain (loss) on securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $100.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $300.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $100.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $71.80M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $49.90M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...