Community Choice Financial Inc (CCFI) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
6785 BOBCAT WAY DUBLIN, OH 43016 |
| State of Incorp. | OH |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6099 - Functions Related to Depository Banking, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 106,833 | 100,056 | 78,849 | 91,425 | 80,157 | |||
| Cash and cash equivalents | 106,333 | 98,941 | 77,734 | 90,311 | 79,044 | |||
| Short-term investments | 500 | 1,115 | 1,115 | 1,114 | 1,113 | |||
| Restricted cash and investments | 77,734 | |||||||
| Receivables | 87,960 | 119,704 | 140,418 | |||||
| Deferred costs | 2,774 | |||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 6,246 | ||
| Deferred tax assets | 12,770 | 9,157 | 5,517 | |||||
| Other current assets | 19,404 | 17,011 | 25,840 | 9,516 | ✕ | |||
| Other undisclosed current assets | 4,560 | 5,134 | (71,251) | 159,372 | 130,913 | |||
| Total current assets: | 218,757 | 241,905 | 264,360 | 269,470 | 225,607 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 36,431 | 46,085 | 39,635 | 25,804 | 18,346 | |||
| Long-term investments and receivables | 5,859 | 8,797 | 19,251 | 6,491 | ||||
| Long-term investments | 6,491 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 5,859 | 8,797 | 19,251 | |||||
| Intangible assets, net (including goodwill), including: | 114,702 | 154,481 | 226,110 | 335,906 | 10,257 | |||
| Goodwill | 113,290 | 152,568 | 222,565 | 312,534 | 297,122 | |||
| Intangible assets, net (excluding goodwill) | 1,412 | 1,913 | 3,545 | 23,372 | 10,257 | |||
| Other undisclosed intangible assets, net (including goodwill) | ✕ | (297,122) | ||||||
| Deferred costs | 6,828 | 9,328 | 11,324 | 13,493 | ||||
| Deferred tax assets, net | 5,165 | 17,052 | ||||||
| Other undisclosed noncurrent assets | 2,614 | 3,098 | 2,653 | 11,264 | 302,136 | |||
| Total noncurrent assets: | 159,606 | 224,454 | 314,029 | 384,298 | 350,723 | |||
| TOTAL ASSETS: | 378,363 | 466,359 | 578,389 | 653,768 | 576,330 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 37,002 | 34,616 | 36,376 | 25,155 | 18,602 | |||
| Taxes payable | 129 | |||||||
| Employee-related liabilities | 7,184 | 4,628 | 3,513 | |||||
| Accounts payable | 5,160 | 4,403 | 7,661 | 5,665 | 2,461 | |||
| Accrued liabilities | 4,727 | 6,707 | 8,189 | 8,151 | 8,035 | |||
| Other undisclosed accounts payable and accrued liabilities | 27,115 | 23,506 | 13,342 | 6,711 | 4,464 | |||
| Debt | 3,391 | 1,567 | 1,166 | 681 | ||||
| Deferred revenue and credits | 2,753 | 3,154 | 2,993 | 2,682 | 2,661 | |||
| Deferred tax liabilities | 113 | 36 | 97 | |||||
| Due to related parties | 10,097 | 2,786 | ||||||
| Other undisclosed current liabilities | 20,343 | 18,154 | 17,549 | 32,210 | 25,705 | |||
| Total current liabilities: | 63,489 | 67,588 | 60,983 | 60,764 | 47,065 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 277,061 | 382,401 | 421,806 | 25,677 | 420,000 | |||
| Long-term debt, excluding current maturities | 276,769 | 380,916 | 420,000 | 25,420 | 420,000 | |||
| Capital lease obligations | 292 | 1,485 | 1,806 | 257 | ||||
| Liabilities, other than long-term debt | 19,730 | 12,328 | 13,148 | 8,165 | ||||
| Deferred revenue and credits | 10,055 | 2,982 | 5,403 | 7,979 | ||||
| Deferred tax liabilities, net | 9,675 | 6,670 | 186 | |||||
| Due to related parties | 9,346 | |||||||
| Other liabilities | 1,075 | |||||||
| Other undisclosed noncurrent liabilities | 42,407 | 40,392 | 37,884 | 432,837 | 16,887 | |||
| Total noncurrent liabilities: | 339,198 | 422,793 | 472,018 | 471,662 | 445,052 | |||
| Total liabilities: | 402,687 | 490,381 | 533,001 | 532,426 | 492,117 | |||
| Equity | ||||||||
| Equity, attributable to parent | (24,324) | (24,022) | 45,388 | 94,914 | 84,213 | |||
| Common stock | 90 | 90 | 90 | 90 | 90 | |||
| Treasury stock, value | (50) | |||||||
| Additional paid in capital | 129,624 | 128,331 | 127,729 | 125,487 | 122,963 | |||
| Accumulated deficit | (153,988) | (152,443) | (82,431) | (30,663) | (38,840) | |||
| Equity, attributable to noncontrolling interest | 26,428 | |||||||
| Total equity: | (24,324) | (24,022) | 45,388 | 121,342 | 84,213 | |||
| TOTAL LIABILITIES AND EQUITY: | 378,363 | 466,359 | 578,389 | 653,768 | 576,330 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 402,329 | 527,379 | 518,253 | 439,157 | 373,000 | ||
| Cost of revenue | (10,116) | (191,009) | (169,182) | (134,579) | (99,749) | ||
| Cost of goods and services sold | (10,116) | (8,486) | (7,489) | (6,268) | |||
| Financial services costs | (191,009) | (160,696) | (127,090) | (93,481) | |||
| Other undisclosed gross profit | (273,737) | (205,147) | (208,729) | (162,573) | (138,562) | ||
| Gross profit: | 118,476 | 131,223 | 140,342 | 142,005 | 134,689 | ||
| Operating expenses | (377,911) | (297,152) | (238,311) | ||||
| Operating income (loss): | 118,476 | 131,223 | (237,569) | (155,147) | (103,622) | ||
| Nonoperating income (expense) | (4,106) | 39 | |||||
| Investment income, nonoperating | (4,106) | ||||||
| Interest and debt expense | 65,117 | 47,976 | (2,665) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 179,487 | 179,199 | (240,234) | (155,147) | (103,583) | ||
| Income (loss) from equity method investments | 261 | (325) | |||||
| Other undisclosed income (loss) from continuing operations before income taxes | (164,840) | (221,952) | 163,059 | 166,036 | 123,592 | ||
| Income (loss) from continuing operations before income taxes: | 14,647 | (42,753) | (77,175) | 11,150 | 19,684 | ||
| Income tax expense (benefit) | (16,192) | (27,259) | 29,695 | (4,417) | (6,508) | ||
| Income (loss) from continuing operations: | (1,545) | (70,012) | (47,480) | 6,733 | 13,176 | ||
| Income (loss) before gain (loss) on sale of properties: | (1,545) | (70,012) | (52,065) | 6,733 | 13,176 | ||
| Loss from discontinued operations | (4,585) | ||||||
| Net income (loss): | (1,545) | (70,012) | (52,065) | 6,733 | 13,176 | ||
| Net income attributable to noncontrolling interest | 297 | 1,444 | |||||
| Net income (loss) available to common stockholders, diluted: | (1,545) | (70,012) | (51,768) | 8,177 | 13,176 | ||
Comprehensive Income ($ in thousands)
| 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,545) | (70,012) | (52,065) | 6,733 | 13,176 | ||
| Comprehensive income (loss): | (1,545) | (70,012) | (52,065) | 6,733 | 13,176 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 297 | (1,444) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,545) | (70,012) | (51,768) | 5,289 | 13,176 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.