◆ 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 2016
Filing Information
Form Type 10-Q
Accession Number 0000885550-16-000111
Period End Date 20160331
Filing Date 20160502
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance cacc-20160331.xml
Filing Contents
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Loans receivable, from affiliates DueFromAffiliates $15.00M USD Point-in-time
Loans receivable, from affiliates DueFromAffiliates $12.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $86.70M 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 $6.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $9.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $6.40M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalents $167.40M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalents $225.70M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Restricted securities available for sale AvailableForSaleSecuritiesRestricted $49.10M USD Point-in-time
Restricted securities available for sale AvailableForSaleSecuritiesRestricted $48.30M 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
Loans receivable (including $15.0 and $12.6 from affiliates as of March 31, 2016 and December 31, 2015, respectively) LoansAndLeasesReceivableNetOfDeferredIncome $2.72B USD Point-in-time
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Loans receivable (including $15.0 and $12.6 from affiliates as of March 31, 2016 and December 31, 2015, respectively) LoansAndLeasesReceivableNetOfDeferredIncome $2.94B USD Point-in-time
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Loans receivable (including $15.0 and $12.6 from affiliates as of March 31, 2016 and December 31, 2015, respectively) LoansAndLeasesReceivableNetOfDeferredIncome $3.63B USD Point-in-time
Loans receivable (including $15.0 and $12.6 from affiliates as of March 31, 2016 and December 31, 2015, respectively) LoansAndLeasesReceivableNetOfDeferredIncome $3.35B USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $243.60M USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $206.90M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 80.00M shares Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $210.40M USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $262.80M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 80.00M shares Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $3.36B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 20.13M shares Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $3.10B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 20.33M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $18.90M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 20.13M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 20.33M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $19.00M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $10.00M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $19.80M USD Point-in-time
Other assets (1) OtherAssets $20.20M USD Point-in-time
Other assets (1) OtherAssets $17.90M USD Point-in-time
Total Assets Assets $3.37B USD Point-in-time
Total Assets Assets $3.70B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $127.80M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $131.90M USD Point-in-time
Revolving secured line of credit LineOfCredit $36.30M USD Point-in-time
Revolving secured line of credit LineOfCredit $57.70M USD Point-in-time
Secured financing (1) SecuredDebt $1.75B USD Point-in-time
Secured financing (1) SecuredDebt $1.47B USD Point-in-time
Senior notes (1) SeniorLongTermNotes $540.00M USD Point-in-time
Senior notes (1) SeniorLongTermNotes $540.30M USD Point-in-time
Deferred Tax Liabilities, Net DeferredTaxLiabilities $248.90M USD Point-in-time
Deferred Tax Liabilities, Net DeferredTaxLiabilities $252.40M USD Point-in-time
Total Liabilities Liabilities $2.71B USD Point-in-time
Total Liabilities Liabilities $2.44B 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, 20,328,546 and 20,132,972 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively CommonStockValue $200.00K USD Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 20,328,546 and 20,132,972 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively CommonStockValue $200.00K USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $100.80M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $126.20M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $827.20M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $864.70M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $300.00K USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-100.00K USD Point-in-time
Total Shareholders' Equity StockholdersEquity $928.10M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $991.40M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $3.37B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $3.70B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Finance charges FinancialServicesRevenue $202.80M USD 1 Quarter
Finance charges FinancialServicesRevenue $169.90M USD 1 Quarter
Premiums earned PremiumsEarnedNet $12.10M USD 1 Quarter
Premiums earned PremiumsEarnedNet $10.80M USD 1 Quarter
Other income OtherIncome $12.20M USD 1 Quarter
Other income OtherIncome $14.30M USD 1 Quarter
Total revenue Revenues $194.20M USD 1 Quarter
Total revenue Revenues $227.90M USD 1 Quarter
Salaries and wages LaborAndRelatedExpense $30.40M USD 1 Quarter
Salaries and wages LaborAndRelatedExpense $32.70M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $9.10M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $12.10M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $13.70M 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 $22.10M USD 1 Quarter
Interest InterestExpense $22.10M USD 1 Quarter
Interest InterestExpense $14.90M USD 1 Quarter
Provision for claims PolicyholderBenefitsAndClaimsIncurredNet $8.60M USD 1 Quarter
Provision for claims PolicyholderBenefitsAndClaimsIncurredNet $6.80M USD 1 Quarter
Total costs and expenses CostsAndExpenses $80.90M USD 1 Quarter
Total costs and expenses CostsAndExpenses $109.50M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $113.30M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $118.40M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $41.80M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $44.00M USD 1 Quarter
Net income NetIncomeLoss $71.50M USD 1 Quarter
Net income NetIncomeLoss $74.40M USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $3.42 USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $3.64 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $3.63 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 20.44M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 20.49M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 20.95M shares 1 Quarter
Cash Flow Statement 80 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $71.50M USD 1 Quarter
Net income NetIncomeLoss $74.40M USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $6.20M USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $22.10M USD 1 Quarter
Depreciation Depreciation $1.60M USD 1 Quarter
Depreciation Depreciation $1.50M USD 1 Quarter
Amortization AmortizationOfFinancingCostsAndDiscounts $2.20M USD 1 Quarter
Amortization AmortizationOfFinancingCostsAndDiscounts $2.20M 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 $3.30M USD 1 Quarter
Provision for deferred income taxes DeferredIncomeTaxExpenseBenefit $7.00M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $2.10M 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 $-6.30M USD 1 Quarter
Decrease (increase) in income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $-400.00K USD 1 Quarter
Decrease (increase) in income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $9.80M USD 1 Quarter
Decrease in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $13.00M USD 1 Quarter
Decrease in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable - USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-2.10M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-3.50M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $91.70M 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 $58.30M USD 1 Quarter
Purchases of restricted securities available for sale PaymentsToAcquireAvailableForSaleSecurities $11.60M USD 1 Quarter
Purchases of restricted securities available for sale PaymentsToAcquireAvailableForSaleSecurities $12.60M USD 1 Quarter
Proceeds from sale of restricted securities available for sale ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $11.10M 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 $500.00K USD 1 Quarter
Maturities of restricted securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $1.20M USD 1 Quarter
Principal collected on Loans receivable ProceedsFromCollectionOfLoansReceivable $454.50M USD 1 Quarter
Principal collected on Loans receivable ProceedsFromCollectionOfLoansReceivable $514.80M USD 1 Quarter
Advances to Dealers AdvancesToDealers $562.70M USD 1 Quarter
Advances to Dealers AdvancesToDealers $533.50M USD 1 Quarter
Purchases of Consumer Loans PaymentsToAcquireLoansReceivable $181.40M USD 1 Quarter
Purchases of Consumer Loans PaymentsToAcquireLoansReceivable $92.60M USD 1 Quarter
Accelerated payments of Dealer Holdback AcceleratedPaymentsOfDealerHoldback $14.80M USD 1 Quarter
Accelerated payments of Dealer Holdback AcceleratedPaymentsOfDealerHoldback $13.80M USD 1 Quarter
Payments of Dealer Holdback PaymentsOfDealerHoldback $39.90M USD 1 Quarter
Payments of Dealer Holdback PaymentsOfDealerHoldback $41.10M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.70M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.30M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-344.30M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-268.70M USD 1 Quarter
Borrowings under revolving secured line of credit ProceedsFromLongTermLinesOfCredit $988.40M USD 1 Quarter
Borrowings under revolving secured line of credit ProceedsFromLongTermLinesOfCredit $798.70M USD 1 Quarter
Repayments under revolving secured line of credit RepaymentsOfLongTermLinesOfCredit $820.10M USD 1 Quarter
Repayments under revolving secured line of credit RepaymentsOfLongTermLinesOfCredit $1.11B USD 1 Quarter
Proceeds from secured financing ProceedsFromIssuanceOfSecuredDebt $661.10M USD 1 Quarter
Proceeds from secured financing ProceedsFromIssuanceOfSecuredDebt $535.40M USD 1 Quarter
Repayments of secured financing RepaymentsOfSecuredDebt $380.40M 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 - USD 1 Quarter
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $700.00K USD 1 Quarter
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $6.20M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $1.10M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $40.80M USD 1 Quarter
Tax benefits from stock-based compensation plans ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $27.20M USD 1 Quarter
Tax benefits from stock-based compensation plans ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $300.00K USD 1 Quarter
Proceeds from (Payments for) Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities $7.60M USD 1 Quarter
Proceeds from (Payments for) Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities $10.40M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $255.40M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $231.60M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $2.80M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $80.30M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $86.70M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $6.30M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $9.10M USD Point-in-time
Cash and cash equivalents, beginning 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 $6.30M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $9.10M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $6.40M USD Point-in-time
Cash paid during the period for interest InterestPaidNet $29.20M 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 $22.00M USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaidNet $20.20M USD 1 Quarter
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $71.50M USD 1 Quarter
Net income NetIncomeLoss $74.40M USD 1 Quarter
Unrealized gain (loss) on securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $400.00K USD 1 Quarter
Unrealized gain (loss) on securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $300.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $400.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $300.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $71.80M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $74.80M 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...