Community Choice Financial Inc (CCFI) financial statements (2022 and earlier)

Company profile

Business Address 6785 BOBCAT WAY
DUBLIN, OH 43016
State of Incorp. OH
Fiscal Year End December 31
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 investments66,627106,833100,05678,84991,42580,157
Cash and cash equivalents66,627106,33398,94177,73490,31179,044
Short-term investments 5001,1151,1151,1141,113
Restricted cash and investments   77,734  
Receivables89,70787,960119,704140,418  
Deferred costs     2,774
Prepaid expense and other current assets6,246
Deferred tax assets   12,7709,1575,517
Other current assets15,27119,40417,01125,8409,516
Other undisclosed current assets5,6474,5605,134(71,251)159,372130,913
Total current assets:177,252218,757241,905264,360269,470225,607
Noncurrent Assets
Property, plant and equipment26,84836,43146,08539,63525,80418,346
Long-term investments and receivables4,6325,8598,79719,251 6,491
Long-term investments     6,491
Accounts and financing receivable, after allowance for credit loss4,6325,8598,79719,251  
Intangible assets, net (including goodwill), including:924114,702154,481226,110335,90610,257
Goodwill 113,290152,568222,565312,534297,122
Intangible assets, net (excluding goodwill)9241,4121,9133,54523,37210,257
Other undisclosed intangible assets, net (including goodwill)    (297,122)
Deferred costs  6,8289,32811,32413,493
Deferred tax assets, net  5,16517,052  
Other undisclosed noncurrent assets2,7502,6143,0982,65311,264302,136
Total noncurrent assets:35,154159,606224,454314,029384,298350,723
TOTAL ASSETS:212,406378,363466,359578,389653,768576,330
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:39,56637,00234,61636,37625,15518,602
Accounts payable5,4655,1604,4037,6615,6652,461
Accrued liabilities5,1454,7276,7078,1898,1518,035
Employee-related liabilities   7,1844,6283,513
Taxes payable     129
Other undisclosed accounts payable and accrued liabilities28,95627,11523,50613,3426,7114,464
Debt3713,3911,5671,166681 
Due to related parties  10,0972,786  
Deferred revenue and credits2,5352,7533,1542,9932,6822,661
Deferred tax liabilities   1133697
Other undisclosed current liabilities12,43220,34318,15417,54932,21025,705
Total current liabilities:54,90463,48967,58860,98360,76447,065
Noncurrent Liabilities
Long-term debt and lease obligation293,255277,061382,401421,80625,677420,000
Long-term debt, excluding current maturities293,255276,769380,916420,00025,420420,000
Capital lease obligations 2921,4851,806257 
Liabilities, other than long-term debt7,52019,730 12,32813,1488,165
Deferred revenue and credits7,52010,055 2,9825,4037,979
Deferred tax liabilities, net 9,675  6,670186
Due to related parties   9,346  
Other liabilities    1,075 
Other undisclosed noncurrent liabilities61,89542,40740,39237,884432,83716,887
Total noncurrent liabilities:362,670339,198422,793472,018471,662445,052
Total liabilities:417,574402,687490,381533,001532,426492,117
Stockholders' equity
Stockholders' equity attributable to parent(205,168)(24,324)(24,022)45,38894,91484,213
Common stock909090909090
Treasury stock, value(50)(50)    
Additional paid in capital129,675129,624128,331127,729125,487122,963
Accumulated deficit(334,883)(153,988)(152,443)(82,431)(30,663)(38,840)
Stockholders' equity attributable to noncontrolling interest    26,428 
Total stockholders' equity:(205,168)(24,324)(24,022)45,388121,34284,213
TOTAL LIABILITIES AND EQUITY:212,406378,363466,359578,389653,768576,330

Income statement (P&L) ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues364,067402,329527,379518,253439,157373,000
Cost of revenue(97,569)(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(97,569) (191,009)(160,696)(127,090)(93,481)
Other undisclosed gross profit(206,686)(273,737)(205,147)(208,729)(162,573)(138,562)
Gross profit:59,812118,476131,223140,342142,005134,689
Operating expenses   (377,911)(297,152)(238,311)
Operating income (loss):59,812118,476131,223(237,569)(155,147)(103,622)
Nonoperating income (expense)(250,328)(4,106)   39
Investment income, nonoperating (4,106)    
Interest and debt expense(3,893)65,11747,976(2,665)  
Income (loss) from continuing operations before equity method investments, income taxes:(194,409)179,487179,199(240,234)(155,147)(103,583)
Income (loss) from equity method investments    261(325)
Other undisclosed income (loss) from continuing operations before income taxes3,893(164,840)(221,952)163,059166,036123,592
Income (loss) from continuing operations before income taxes:(190,516)14,647(42,753)(77,175)11,15019,684
Income tax expense (benefit)9,621(16,192)(27,259)29,695(4,417)(6,508)
Income (loss) from continuing operations:(180,895)(1,545)(70,012)(47,480)6,73313,176
Loss from discontinued operations   (4,585)  
Net income (loss):(180,895)(1,545)(70,012)(52,065)6,73313,176
Net income attributable to noncontrolling interest   2971,444 
Net income (loss) available to common stockholders, diluted:(180,895)(1,545)(70,012)(51,768)8,17713,176

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):(180,895)(1,545)(70,012)(52,065)6,73313,176
Comprehensive income (loss):(180,895)(1,545)(70,012)(52,065)6,73313,176
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   297(1,444) 
Comprehensive income (loss), net of tax, attributable to parent:(180,895)(1,545)(70,012)(51,768)5,28913,176

Statements sources

The financial statements are based on the company's filings with the 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.

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