◆ 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 2023
Filing Information
Form Type 10-Q
Accession Number 0000885550-23-000051
Period End Date 20230331
Filing Date 20230501
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance cacc-20230331_htm.xml
Balance Sheet 71 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $7.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $17.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $8.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $23.30M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalents $410.00M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalents $480.00M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalents $410.90M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalents $481.10M USD Point-in-time
Debt Securities, Available-for-sale, Restricted DebtSecuritiesAvailableForSaleRestricted $72.30M USD Point-in-time
Debt Securities, Available-for-sale, Restricted DebtSecuritiesAvailableForSaleRestricted $76.40M USD Point-in-time
Loans receivable LoansAndLeasesReceivableNetOfDeferredIncome $9.17B USD Point-in-time
Loans receivable LoansAndLeasesReceivableNetOfDeferredIncome $9.38B USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $2.88B USD Point-in-time
Allowance for credit losses LoansAndLeasesReceivableAllowance $2.87B USD Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $6.50B USD Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $6.30B USD Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $6.33B USD Point-in-time
Loans receivable, net LoansAndLeasesReceivableNetReportedAmount $6.34B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $50.10M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $51.40M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $8.70M USD Point-in-time
Income taxes receivable IncomeTaxReceivable $11.00M USD Point-in-time
Other assets OtherAssets $29.00M USD Point-in-time
Other assets OtherAssets $56.90M USD Point-in-time
Total Assets Assets $7.15B USD Point-in-time
Total Assets Assets $6.90B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $260.80M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $257.30M USD Point-in-time
Revolving secured line of credit LineOfCredit $145.10M USD Point-in-time
Revolving secured line of credit LineOfCredit $30.90M USD Point-in-time
Secured financing SecuredDebt $3.77B USD Point-in-time
Secured financing SecuredDebt $3.76B USD Point-in-time
Senior notes SeniorLongTermNotes $795.00M USD Point-in-time
Senior notes SeniorLongTermNotes $794.50M USD Point-in-time
Mortgage note OtherBorrowings $8.90M USD Point-in-time
Mortgage note OtherBorrowings $8.80M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxLiabilitiesNet $426.70M USD Point-in-time
Deferred income taxes, net DeferredIncomeTaxLiabilitiesNet $451.20M USD Point-in-time
Income taxes payable AccruedIncomeTaxes $2.50M USD Point-in-time
Income taxes payable AccruedIncomeTaxes $2.30M USD Point-in-time
Total Liabilities Liabilities $5.28B USD Point-in-time
Total Liabilities Liabilities $5.43B 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, 12,836,907 and 12,756,885 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively CommonStockValue $100.00K USD Point-in-time
Common stock, $.01 par value, 80,000,000 shares authorized, 12,836,907 and 12,756,885 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively CommonStockValue $100.00K USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $252.10M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $245.70M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.47B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.38B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.10M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.90M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $1.82B USD Point-in-time
Total Shareholders' Equity StockholdersEquity $1.72B USD Point-in-time
Total Shareholders' Equity StockholdersEquity $1.63B USD Point-in-time
Total Shareholders' Equity StockholdersEquity $1.62B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $7.15B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $6.90B 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 12.76M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 12.84M shares Point-in-time
Balance, shares CommonStockSharesOutstanding 12.76M shares Point-in-time
Balance, shares CommonStockSharesOutstanding 12.84M shares Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Finance charges FinanceChargesRevenue $424.10M USD 1 Quarter
Finance charges FinanceChargesRevenue $421.10M USD 1 Quarter
Premiums earned PremiumsEarnedNet $13.80M USD 1 Quarter
Premiums earned PremiumsEarnedNet $17.40M USD 1 Quarter
Other income OtherIncome $17.80M USD 1 Quarter
Other income OtherIncome $15.30M USD 1 Quarter
Total revenue Revenues $453.80M USD 1 Quarter
Total revenue Revenues $455.70M USD 1 Quarter
Salaries and wages LaborAndRelatedExpense $77.20M USD 1 Quarter
Salaries and wages LaborAndRelatedExpense $64.40M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $18.90M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $18.00M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $22.10M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $19.20M USD 1 Quarter
Operating Expenses OperatingExpenses $102.50M USD 1 Quarter
Operating Expenses OperatingExpenses $117.30M USD 1 Quarter
Total provision for credit losses ProvisionForLoanAndLeaseLosses $137.40M USD 1 Quarter
Total provision for credit losses ProvisionForLoanAndLeaseLosses $23.30M USD 1 Quarter
Interest InterestExpense $54.40M USD 1 Quarter
Interest InterestExpense $36.50M USD 1 Quarter
Provision for claims PolicyholderBenefitsAndClaimsIncurredNet $17.90M USD 1 Quarter
Provision for claims PolicyholderBenefitsAndClaimsIncurredNet $8.90M USD 1 Quarter
Total costs and expenses CostsAndExpenses $171.20M USD 1 Quarter
Total costs and expenses CostsAndExpenses $327.00M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $126.80M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $284.50M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $27.30M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $70.20M USD 1 Quarter
Net income NetIncomeLoss $214.30M USD 1 Quarter
Net income NetIncomeLoss $99.50M USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $15.02 USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $7.62 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $14.94 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $7.61 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 14.27M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 13.06M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 14.34M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 13.07M shares 1 Quarter
Cash Flow Statement 76 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $214.30M USD 1 Quarter
Net income NetIncomeLoss $99.50M USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $137.40M USD 1 Quarter
Provision for credit losses ProvisionForLoanAndLeaseLosses $23.30M USD 1 Quarter
Depreciation Depreciation $2.20M USD 1 Quarter
Depreciation Depreciation $2.30M USD 1 Quarter
Amortization AmortizationOfFinancingCostsAndDiscounts $4.20M USD 1 Quarter
Amortization AmortizationOfFinancingCostsAndDiscounts $4.30M USD 1 Quarter
Provision for deferred income taxes DeferredIncomeTaxExpenseBenefit $11.00M USD 1 Quarter
Provision for deferred income taxes DeferredIncomeTaxExpenseBenefit $24.20M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $9.90M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $9.10M USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $100.00K USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $300.00K USD 1 Quarter
Increase (decrease) in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $43.10M USD 1 Quarter
Increase (decrease) in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-6.00M USD 1 Quarter
Decrease (increase) in income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $-56.30M USD 1 Quarter
Decrease (increase) in income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $2.30M USD 1 Quarter
Decrease in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-200.00K USD 1 Quarter
Decrease in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable - USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-27.30M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-12.30M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $296.50M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $376.10M USD 1 Quarter
Payments to Acquire Debt Securities, Available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $11.40M USD 1 Quarter
Payments to Acquire Debt Securities, Available-for-sale PaymentsToAcquireAvailableForSaleSecuritiesDebt $11.40M USD 1 Quarter
Proceeds from sale of restricted securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $5.40M USD 1 Quarter
Proceeds from sale of restricted securities available for sale ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $5.60M USD 1 Quarter
Maturities of restricted securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $2.50M USD 1 Quarter
Maturities of restricted securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $3.40M USD 1 Quarter
Principal collected on Loans receivable ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1 $961.90M USD 1 Quarter
Principal collected on Loans receivable ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1 $823.30M USD 1 Quarter
Advances to Dealers AdvancesToDealers $745.90M USD 1 Quarter
Advances to Dealers AdvancesToDealers $633.80M USD 1 Quarter
Purchases of Consumer Loans PaymentsToAcquireLoansReceivable $349.40M USD 1 Quarter
Purchases of Consumer Loans PaymentsToAcquireLoansReceivable $289.70M USD 1 Quarter
Accelerated payments of Dealer Holdback AcceleratedPaymentsOfDealerHoldback $9.40M USD 1 Quarter
Accelerated payments of Dealer Holdback AcceleratedPaymentsOfDealerHoldback $10.80M USD 1 Quarter
Payments of Dealer Holdback PaymentsOfDealerHoldback $43.20M USD 1 Quarter
Payments of Dealer Holdback PaymentsOfDealerHoldback $57.20M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.70M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $900.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-344.20M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-18.50M USD 1 Quarter
Borrowings under revolving secured line of credit ProceedsFromLongTermLinesOfCredit $697.80M USD 1 Quarter
Borrowings under revolving secured line of credit ProceedsFromLongTermLinesOfCredit $1.52B USD 1 Quarter
Repayments under revolving secured line of credit RepaymentsOfLongTermLinesOfCredit $1.41B USD 1 Quarter
Repayments under revolving secured line of credit RepaymentsOfLongTermLinesOfCredit $595.70M USD 1 Quarter
Proceeds from secured financing ProceedsFromIssuanceOfSecuredDebt $211.70M USD 1 Quarter
Proceeds from secured financing ProceedsFromIssuanceOfSecuredDebt $601.00M USD 1 Quarter
Repayments of secured financing RepaymentsOfSecuredDebt $193.80M USD 1 Quarter
Repayments of secured financing RepaymentsOfSecuredDebt $585.50M USD 1 Quarter
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $3.40M USD 1 Quarter
Payments of debt issuance costs PaymentsOfDebtIssuanceCosts $800.00K USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $423.00M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $14.90M USD 1 Quarter
Proceeds from Issuance of Common Stock ProceedsFromIssuanceOfCommonStock $5.90M USD 1 Quarter
Proceeds from Issuance of Common Stock ProceedsFromIssuanceOfCommonStock $4.10M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $2.60M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $4.80M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $118.10M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-293.10M USD 1 Quarter
Net increase in cash and cash equivalents and restricted cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $70.40M USD 1 Quarter
Net increase in cash and cash equivalents and restricted cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $64.50M USD 1 Quarter
Cash and cash equivalents and restricted cash and cash equivalents beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $488.10M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $498.70M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $417.70M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $434.20M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $488.10M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $498.70M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $417.70M USD Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $434.20M USD Point-in-time
Cash paid during the period for interest InterestPaidNet $50.60M USD 1 Quarter
Cash paid during the period for interest InterestPaidNet $33.60M USD 1 Quarter
Cash paid during the period for income taxes, net of refunds IncomeTaxesPaidNet $600.00K USD 1 Quarter
Cash paid during the period for income taxes, net of refunds IncomeTaxesPaidNet $3.40M USD 1 Quarter
Stockholders Equity 24 line items
Line Item Tag Value Unit Period
Balance, shares CommonStockSharesOutstanding 12.76M shares Point-in-time
Balance, shares CommonStockSharesOutstanding 12.84M shares Point-in-time
Common stock repurchased, shares StockRepurchasedDuringPeriodShares 803,735.00 shares 1 Quarter
Common stock repurchased, shares StockRepurchasedDuringPeriodShares 33,035.00 shares 1 Quarter
Balance, shares CommonStockSharesOutstanding 12.76M shares Point-in-time
Balance, shares CommonStockSharesOutstanding 12.84M shares Point-in-time
Balance StockholdersEquity $1.82B USD Point-in-time
Balance StockholdersEquity $1.72B USD Point-in-time
Balance StockholdersEquity $1.63B USD Point-in-time
Balance StockholdersEquity $1.62B USD Point-in-time
Net income NetIncomeLoss $214.30M USD 1 Quarter
Net income NetIncomeLoss $99.50M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $800.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $-1.70M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $9.10M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $9.90M USD 1 Quarter
Common stock repurchased, value StockRepurchasedDuringPeriodValue $14.90M USD 1 Quarter
Common stock repurchased, value StockRepurchasedDuringPeriodValue $423.00M USD 1 Quarter
Stock Issued During Period, Value, Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised $4.10M USD 1 Quarter
Stock Issued During Period, Value, Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised $5.90M USD 1 Quarter
Balance StockholdersEquity $1.82B USD Point-in-time
Balance StockholdersEquity $1.72B USD Point-in-time
Balance StockholdersEquity $1.63B USD Point-in-time
Balance StockholdersEquity $1.62B USD Point-in-time
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $214.30M USD 1 Quarter
Net income NetIncomeLoss $99.50M USD 1 Quarter
Unrealized gain (loss) on securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-1.70M USD 1 Quarter
Unrealized gain (loss) on securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $800.00K USD 1 Quarter
Other comprehensive gain (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-1.70M USD 1 Quarter
Other comprehensive gain (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $800.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $212.60M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $100.30M 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...