Credit Acceptance market cap is $5.9 b.

Credit Acceptance Gross profit (Q3, 2020)415.8 M

Credit Acceptance Gross profit margin (Q3, 2020), %97.5%

Credit Acceptance Net income (Q3, 2020)242.1 M

Credit Acceptance Cash, 30-Sept-20208.9 M

Credit Acceptance EV9.7 B

Credit Acceptance revenue breakdown by business segment: 90.2% from Finance charges, 5.4% from Other income and 4.4% from Other

USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 525.2m | 609.2m | 682.1m | 723.5m | 825.3m | 969.2m | 1.1b | 1.3b | |

| 6% | 14% | 17% | ||||||

## Cost of goods sold | 30.4m | 34.8m | 40.8m | 40.0m | 33.2m | 26.0m | 22.7m | 26.0m | 30.1m |

## Gross profit | 494.8m | 574.4m | 641.3m | 683.5m | 792.1m | 943.2m | 1.1b | 1.3b | |

| 94% | 94% | 94% | 94% | 96% | 97% | 98% | 98% | |

## Sales and marketing expense | 23.5m | 31.2m | 34.5m | 36.8m | 45.9m | 49.4m | 58.4m | 67.7m | 70.2m |

## General and administrative expense | 25.6m | 30.5m | 34.4m | 34.3m | 37.8m | 48.2m | 55.5m | 55.7m | |

## Operating expense total | 306.7m | 61.7m | 68.9m | 71.1m | 83.7m | 97.6m | 113.9m | 123.4m | 70.2m |

## EBIT | 188.0m | ||||||||

| 36% | ||||||||

## Interest expense | 57.2m | 63.4m | 65.0m | 56.7m | 76.0m | 97.7m | 120.2m | 156.6m | 196.2m |

## Pre tax profit | 296.4m | 343.1m | 398.2m | 420.9m | 474.5m | 531.2m | 583.8m | 755.1m | 855.9m |

## Income tax expense | 108.4m | 123.4m | 145.1m | 154.7m | 174.8m | 198.4m | 113.6m | 181.1m | 199.8m |

## Net Income | 188.0m | 219.7m | 253.1m | 266.2m | 299.7m | 332.8m | 470.2m | 574.0m | 656.1m |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|---|---|---|---|

## Cash | 4.7m | 9.0m | 4.2m | 6.4m | 6.3m | 14.6m | 8.2m | 25.7m | 187.4m |

## Accounts Receivable | 1.6b | 1.9b | 2.2b | 2.5b | 3.1b | 4.6b | 5.8b | 6.7b | |

## Inventories | |||||||||

## PP&E | 18.5m | 22.2m | 22.3m | 20.9m | 18.9m | 18.2m | 20.5m | 40.2m | 59.7m |

## Total Assets | 1.8b | 2.1b | 2.4b | 2.8b | 3.4b | 4.2b | 5.0b | 6.2b | 7.4b |

## Accounts Payable | 95.9m | 105.8m | 113.8m | 114.4m | 127.8m | 143.9m | 151.7m | 186.4m | 206.4m |

## Short-term debt | 443.2m | 300.0m | |||||||

## Long-term debt | 43.9m | 1.3b | 102.8m | 119.5m | 57.7m | 13.9m | 171.9m | ||

## Total Debt | 43.9m | 1.7b | 102.8m | 419.5m | 57.7m | 13.9m | 171.9m | ||

## Total Liabilities | 1.2b | 1.5b | 1.7b | 2.1b | 2.5b | 3.0b | 3.4b | 4.2b | 5.1b |

## Common Stock | 256.0k | 200.0k | 200.0k | 200.0k | 200.0k | 200.0k | 200.0k | 200.0k | |

## Preferred Stock | |||||||||

## Additional Paid-in Capital | 38.8m | 53.4m | 63.2m | 88.7m | 100.8m | 131.7m | 145.5m | 154.9m | 157.7m |

## Retained Earnings | 500.9m | 568.4m | 686.9m | 613.4m | 827.2m | 1.0b | 1.4b | 1.8b | 2.2b |

## Total Equity | 540.0m | 621.9m | 750.1m | 702.2m | 928.1m | 1.2b | 1.5b | 2.0b | 2.4b |

## Financial Leverage | 3.3 x | 3.4 x | 3.2 x | 4 x | 3.7 x | 3.6 x | 3.2 x | 3.1 x | 3.2 x |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 188.0m | 219.7m | 253.1m | 266.2m | 299.7m | 332.8m | 470.2m | 574.0m | 656.1m |

## Depreciation and Amortization | 4.1m | 5.1m | 5.4m | 5.5m | 5.7m | 6.1m | 6.0m | 5.4m | 7.3m |

## Accounts Payable | 20.7m | 10.0m | 8.0m | 600.0k | 13.0m | 11.8m | 10.3m | 41.6m | 17.3m |

## Cash From Operating Activities | 275.6m | 308.6m | 325.7m | 365.2m | 404.2m | 507.2m | 566.0m | 703.9m | 812.3m |

## Purchases of PP&E | (6.3m) | (8.8m) | (5.6m) | (4.3m) | (4.0m) | (5.5m) | (8.4m) | (25.1m) | (26.8m) |

## Cash From Investing Activities | (454.0m) | (400.9m) | (333.6m) | (363.4m) | (639.5m) | (935.5m) | (902.7m) | (1.2b) | (1.0b) |

## Long-term Borrowings | (235.0k) | (300.0k) | (2.8b) | (3.1b) | (1.7b) | (1.7b) | (3.5b) | (2.1b) | (4.2b) |

## Cash From Financing Activities | 179.2m | 96.6m | 3.1m | 400.0k | 235.2m | 436.6m | 330.3m | 599.9m | 400.3m |

## Net Change in Cash | 865.0k | 4.3m | (4.8m) | 2.2m | (100.0k) | 8.3m | (6.4m) | 65.5m | 188.4m |

## Interest Paid | 51.4m | 56.2m | 57.5m | 55.2m | 61.8m | 88.0m | 108.8m | 141.0m | 175.6m |

## Income Taxes Paid | 76.5m | 92.4m | 119.6m | 99.9m | 146.9m | 111.2m | 175.0m | 168.8m | 172.4m |

- Source: SEC Filings

- Source: SEC Filings

USD | Q2, 2011 |
---|---|

## Financial Leverage | 3.6 x |

Credit Acceptance's Total Loans was reported to be $4.3b in Q2, 2017.

FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | |
---|---|---|---|---|---|---|---|---|---|---|---|

## Average Loan Volume per Active Dealer | 30.90 | 14 | 10.90 | 11.50 | 32.90 | 13.60 | 10.70 | 11.30 | 31.40 | 12.10 | 10.10 |

## Dealers | 7.25 k | 6 k | 6.09 k | 6.41 k | 9.06 k | 7.49 k | 7.18 k | 7.32 k | 10.54 k | 7.85 k | 7.64 k |

## Total Loans | $2.51 b | $2.73 b | $2.83 b | $2.96 b | $3.10 b | $3.36 b | $3.54 b | $3.76 b | $3.89 b | $4.14 b | $4.28 b |

## Total Loans, units | 224 k | 298.29 k | 330.71 k |