World Acceptance Corporation (WRLD) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
108 FREDRICK STREET GREENVILLE, SC 29607 |
| State of Incorp. | SC |
| Fiscal Year End | March 31 |
| Industry (SIC) | 6141 - Personal Credit Institutions (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 3/31/2022 | 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 19 | 19 | 16 | 12 | 9 | 32 | 15 | ||
| Cash and cash equivalents | 19 | 19 | 16 | 12 | 9 | 32 | 15 | ||
| Total current assets: | 19 | 19 | 16 | 12 | 9 | 32 | 15 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 1 | 1 | ✕ | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 86 | 86 | 90 | 102 | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 24 | 25 | 26 | 25 | 25 | 26 | 24 | ||
| Intangible assets, net (including goodwill), including: | 1 | 1 | 5 | 32 | 22 | 14 | 13 | ||
| Goodwill | 7 | 7 | 7 | 7 | 7 | 7 | 6 | ||
| Intangible assets, net (excluding goodwill) | 20 | 21 | 24 | 24 | 15 | 7 | 7 | ||
| Other undisclosed intangible assets, net (including goodwill) | (26) | (27) | (26) | ||||||
| Deferred income tax assets | 40 | 35 | 25 | 23 | ✕ | ✕ | ✕ | ||
| Total noncurrent assets: | 152 | 147 | 146 | 182 | 48 | 39 | 37 | ||
| Other undisclosed assets | 1,047 | 1,104 | 793 | 837 | 798 | 770 | 749 | ||
| TOTAL ASSETS: | 1,218 | 1,270 | 954 | 1,030 | 855 | 841 | 801 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 103 | ||||||||
| Total current liabilities: | 103 | ||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 845 | 861 | 549 | 515 | 303 | 300 | 340 | ||
| Total liabilities: | 845 | 861 | 549 | 618 | 303 | 300 | 340 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 373 | 409 | 405 | 412 | 552 | 541 | 461 | ||
| Additional paid in capital | 281 | 275 | 256 | 227 | 198 | 176 | 144 | ||
| Accumulated other comprehensive loss | (26) | (28) | |||||||
| Retained earnings | 92 | 134 | 149 | 185 | 354 | 391 | 345 | ||
| Total stockholders' equity: | 373 | 409 | 405 | 412 | 552 | 541 | 461 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,218 | 1,270 | 954 | 1,030 | 855 | 841 | 801 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 3/31/2022 | 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 582 | 514 | 526 | 590 | 545 | 549 | 532 | |
| Net investment income | 486 | 427 | 451 | 508 | 469 | 482 | 469 | |
| Cost of revenue | (220) | (114) | (112) | (182) | (148) | (131) | (129) | |
| Provision for loan, lease, and other losses | (186) | (129) | (86) | (182) | (148) | ✕ | ✕ | |
| Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | (131) | (129) | |
| Gross profit: | 363 | 401 | 414 | 408 | 396 | 418 | 403 | |
| Operating expenses | (297) | (107) | (302) | (555) | (455) | (448) | (418) | |
| Operating income (loss): | 66 | 294 | 111 | (147) | (59) | (30) | (15) | |
| Interest and debt expense | (33) | (30) | (26) | (26) | (18) | (19) | (22) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (136) | 26 | 208 | 166 | 150 | 150 | ||
| Income from continuing operations before equity method investments, income taxes: | 32 | 127 | 111 | 35 | 90 | 101 | 114 | |
| Other undisclosed income (loss) from continuing operations before income taxes | 33 | 19 | (7) | (16) | ||||
| Income from continuing operations before income taxes: | 66 | 147 | 111 | 28 | 74 | 101 | 114 | |
| Income tax expense | (12) | (30) | (23) | (7) | (16) | (48) | (40) | |
| Net income: | 54 | 117 | 88 | 21 | 58 | 54 | 74 | |
| Other undisclosed net income (loss) attributable to parent | 7 | (21) | ||||||
| Net income available to common stockholders, diluted: | 54 | 117 | 88 | 28 | 37 | 54 | 74 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 3/31/2022 | 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 54 | 117 | 88 | 21 | 58 | 54 | 74 | |
| Other comprehensive income (loss) | (5) | 2 | (5) | |||||
| Comprehensive income: | 54 | 117 | 88 | 21 | 53 | 55 | 69 | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 7 | 11 | ||||||
| Comprehensive income, net of tax, attributable to parent: | 54 | 117 | 88 | 28 | 63 | 55 | 69 | |
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.