◆ 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 2021
Filing Information
Form Type 10-Q
Accession Number 0000885550-21-000056
Period End Date 20210331
Filing Date 20210429
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance cacc-20210331_htm.xml
Balance Sheet 71 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $25.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $187.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $45.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $16.00M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalents $408.10M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalents $330.30M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalents $380.20M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalents $538.50M USD Point-in-time
Restricted securities available for sale AvailableForSaleSecuritiesRestricted $68.10M USD Point-in-time
Restricted securities available for sale AvailableForSaleSecuritiesRestricted $66.10M USD Point-in-time
Loans receivable LoansAndLeasesReceivableNetOfDeferredIncome $10.12B USD Point-in-time
Loans receivable LoansAndLeasesReceivableNetOfDeferredIncome $10.16B USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $3.28B USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $3.34B USD Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $6.79B USD Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $6.62B USD Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $6.69B USD Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $6.88B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $59.40M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $57.80M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $98.30M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $147.00M USD Point-in-time
Other assets OtherAssets $32.40M USD Point-in-time
Other assets OtherAssets $23.20M USD Point-in-time
Total Assets Assets $7.71B USD Point-in-time
Total Assets Assets $7.49B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $217.20M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $186.70M USD Point-in-time
Revolving secured line of credit LineOfCredit $95.90M USD Point-in-time
Revolving secured line of credit LineOfCredit - USD Point-in-time
Secured financing SecuredDebt $3.91B USD Point-in-time
Secured financing SecuredDebt $3.71B USD Point-in-time
Senior notes SeniorLongTermNotes $790.60M USD Point-in-time
Senior notes SeniorLongTermNotes $791.10M USD Point-in-time
Mortgage note OtherBorrowings $10.50M USD Point-in-time
Mortgage note OtherBorrowings $10.30M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxLiabilitiesNet $391.00M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxLiabilitiesNet $403.70M USD Point-in-time
Income taxes payable AccruedIncomeTaxes $200.00K USD Point-in-time
Income taxes payable AccruedIncomeTaxes $200.00K USD Point-in-time
Total Liabilities Liabilities $5.19B USD Point-in-time
Total Liabilities Liabilities $5.34B USD Point-in-time
Commitments and Contingencies - See Note 15 CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies - See Note 15 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, 16,710,422 and 17,092,432 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively CommonStockValue $200.00K USD Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 16,710,422 and 17,092,432 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively CommonStockValue $200.00K USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $161.70M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $161.90M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.21B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.14B USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $1.60M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $900.00K USD Point-in-time
Total Shareholders' Equity StockholdersEquity $2.30B USD Point-in-time
Total Shareholders' Equity StockholdersEquity $2.37B USD Point-in-time
Total Shareholders' Equity StockholdersEquity $1.97B USD Point-in-time
Total Shareholders' Equity StockholdersEquity $2.36B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $7.49B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $7.71B USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M 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
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.01 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 17.09M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 16.71M shares Point-in-time
Balance, shares CommonStockSharesOutstanding 17.09M shares Point-in-time
Balance, shares CommonStockSharesOutstanding 16.71M shares Point-in-time
Income Statement 39 line items
Line Item Tag Value Unit Period
Finance charges FinanceChargesRevenue $361.90M USD 1 Quarter
Finance charges FinanceChargesRevenue $424.90M USD 1 Quarter
Premiums earned PremiumsEarnedNet $14.40M USD 1 Quarter
Premiums earned PremiumsEarnedNet $12.90M USD 1 Quarter
Other income OtherIncome $11.70M USD 1 Quarter
Other income OtherIncome $14.30M USD 1 Quarter
Total revenue Revenues $389.10M USD 1 Quarter
Total revenue Revenues $451.00M USD 1 Quarter
Salaries and wages LaborAndRelatedExpense $45.00M USD 1 Quarter
Salaries and wages LaborAndRelatedExpense $49.30M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $46.10M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $15.00M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $19.10M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $17.20M USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $354.70M USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $21.30M USD 1 Quarter
Interest InterestExpense $51.90M USD 1 Quarter
Interest InterestExpense $43.80M USD 1 Quarter
Provision for claims PolicyholderBenefitsAndClaimsIncurredNet $8.80M USD 1 Quarter
Provision for claims PolicyholderBenefitsAndClaimsIncurredNet $9.00M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-7.40M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-1.80M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Total costs and expenses CostsAndExpenses $186.70M USD 1 Quarter
Total costs and expenses CostsAndExpenses $501.90M USD 1 Quarter
Income (loss) before provision (benefit) for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $264.30M USD 1 Quarter
Income (loss) before provision (benefit) for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-112.80M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $-29.00M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $62.20M USD 1 Quarter
Net income (loss) NetIncomeLoss $-83.80M USD 1 Quarter
Net income (loss) NetIncomeLoss $202.10M USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $-4.61 USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $11.85 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $-4.61 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $11.82 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 18.19M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 17.06M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 18.19M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 17.10M shares 1 Quarter
Cash Flow Statement 80 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $-83.80M USD 1 Quarter
Net income (loss) NetIncomeLoss $202.10M USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $354.70M USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $21.30M USD 1 Quarter
Depreciation Depreciation $1.80M USD 1 Quarter
Depreciation Depreciation $2.40M USD 1 Quarter
Amortization AmortizationOfFinancingCostsAndDiscounts $4.10M USD 1 Quarter
Amortization AmortizationOfFinancingCostsAndDiscounts $3.70M USD 1 Quarter
Provision (benefit) for deferred income taxes DeferredIncomeTaxExpenseBenefit $-37.50M USD 1 Quarter
Provision (benefit) for deferred income taxes DeferredIncomeTaxExpenseBenefit $12.90M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $1.10M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $1.80M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-7.40M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-1.80M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $-200.00K USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $-100.00K USD 1 Quarter
Decrease in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-35.50M USD 1 Quarter
Decrease in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $24.00M USD 1 Quarter
Decrease in income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $-6.60M USD 1 Quarter
Decrease in income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $-48.70M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-8.70M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-12.30M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $325.20M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $231.30M USD 1 Quarter
Purchases of restricted securities available for sale PaymentsToAcquireAvailableForSaleSecurities $11.80M USD 1 Quarter
Purchases of restricted securities available for sale PaymentsToAcquireAvailableForSaleSecurities $16.00M USD 1 Quarter
Proceeds from sale of restricted securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $5.20M USD 1 Quarter
Proceeds from sale of restricted securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $8.10M USD 1 Quarter
Maturities of restricted securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $3.50M USD 1 Quarter
Maturities of restricted securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $4.00M USD 1 Quarter
Principal collected on Loans receivable ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1 $973.00M USD 1 Quarter
Principal collected on Loans receivable ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1 $815.30M USD 1 Quarter
Advances to Dealers AdvancesToDealers $638.10M USD 1 Quarter
Advances to Dealers AdvancesToDealers $647.10M USD 1 Quarter
Purchases of Consumer Loans PaymentsToAcquireLoansReceivable $417.20M USD 1 Quarter
Purchases of Consumer Loans PaymentsToAcquireLoansReceivable $385.20M USD 1 Quarter
Accelerated payments of Dealer Holdback AcceleratedPaymentsOfDealerHoldback $11.40M USD 1 Quarter
Accelerated payments of Dealer Holdback AcceleratedPaymentsOfDealerHoldback $10.40M USD 1 Quarter
Payments of Dealer Holdback PaymentsOfDealerHoldback $36.60M USD 1 Quarter
Payments of Dealer Holdback PaymentsOfDealerHoldback $39.00M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.40M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $800.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-112.60M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-296.30M USD 1 Quarter
Borrowings under revolving secured line of credit ProceedsFromLongTermLinesOfCredit $1.12B USD 1 Quarter
Borrowings under revolving secured line of credit ProceedsFromLongTermLinesOfCredit $807.60M USD 1 Quarter
Repayments under revolving secured line of credit RepaymentsOfLongTermLinesOfCredit $1.04B USD 1 Quarter
Repayments under revolving secured line of credit RepaymentsOfLongTermLinesOfCredit $903.50M USD 1 Quarter
Proceeds from secured financing ProceedsFromIssuanceOfSecuredDebt $728.80M USD 1 Quarter
Proceeds from secured financing ProceedsFromIssuanceOfSecuredDebt $1.12B USD 1 Quarter
Repayments of secured financing RepaymentsOfSecuredDebt $497.10M USD 1 Quarter
Repayments of secured financing RepaymentsOfSecuredDebt $521.30M USD 1 Quarter
Proceeds from issuance of senior notes ProceedsFromIssuanceOfSeniorLongTermDebt - USD 1 Quarter
Proceeds from issuance of senior notes ProceedsFromIssuanceOfSeniorLongTermDebt - USD 1 Quarter
Repayment of senior notes RepaymentsOfSeniorDebt $401.80M USD 1 Quarter
Repayment of senior notes RepaymentsOfSeniorDebt $148.20M USD 1 Quarter
Repayment of senior notes RepaymentsOfSeniorDebt - USD 1 Quarter
Payments of debt issuance costs and debt extinguishment costs PaymentsOfDebtIssuanceCosts $7.60M USD 1 Quarter
Payments of debt issuance costs and debt extinguishment costs PaymentsOfDebtIssuanceCosts $8.50M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $307.10M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $135.20M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-200.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $6.60M USD 1 Quarter
Net cash used by financing activities NetCashProvidedByUsedInFinancingActivities $-18.90M USD 1 Quarter
Net cash used by financing activities NetCashProvidedByUsedInFinancingActivities $-24.60M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-83.90M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $188.00M USD 1 Quarter
Cash and cash equivalents and restricted cash and cash equivalents beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $433.80M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $517.70M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $584.20M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $396.20M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $433.80M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $517.70M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $584.20M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $396.20M USD Point-in-time
Cash paid during the period for interest InterestPaidNet $41.50M USD 1 Quarter
Cash paid during the period for interest InterestPaidNet $58.20M USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaidNet $800.00K USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaidNet - USD 1 Quarter
Stockholders Equity 22 line items
Line Item Tag Value Unit Period
Balance, shares CommonStockSharesOutstanding 17.09M shares Point-in-time
Balance, shares CommonStockSharesOutstanding 16.71M shares Point-in-time
Common stock repurchased, shares StockRepurchasedDuringPeriodShares 393,408.00 shares 1 Quarter
Common stock repurchased, shares StockRepurchasedDuringPeriodShares 725,220.00 shares 1 Quarter
Balance, shares CommonStockSharesOutstanding 17.09M shares Point-in-time
Balance, shares CommonStockSharesOutstanding 16.71M shares Point-in-time
Balance StockholdersEquity $2.30B USD Point-in-time
Balance StockholdersEquity $2.37B USD Point-in-time
Balance StockholdersEquity $1.97B USD Point-in-time
Balance StockholdersEquity $2.36B USD Point-in-time
Net income (loss) NetIncomeLoss $-83.80M USD 1 Quarter
Net income (loss) NetIncomeLoss $202.10M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-100.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-700.00K USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.10M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.80M USD 1 Quarter
Common stock repurchased, value StockRepurchasedDuringPeriodValue $307.10M USD 1 Quarter
Common stock repurchased, value StockRepurchasedDuringPeriodValue $135.20M USD 1 Quarter
Balance StockholdersEquity $2.30B USD Point-in-time
Balance StockholdersEquity $2.37B USD Point-in-time
Balance StockholdersEquity $1.97B USD Point-in-time
Balance StockholdersEquity $2.36B USD Point-in-time
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $-83.80M USD 1 Quarter
Net income (loss) NetIncomeLoss $202.10M USD 1 Quarter
Unrealized loss on securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-700.00K USD 1 Quarter
Unrealized loss on securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-100.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-100.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-700.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $201.40M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-83.90M 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...