Credit Acceptance Corporation (CACC) financial statements (2020 and earlier)

Company profile

Business Address 25505 WEST TWELVE MILE ROAD
SOUTHFIELD, MI 48034-8334
State of Incorp. MI
Fiscal Year End December 31
SIC 6141 - Personal Credit Institutions (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2526815664
Cash and cash equivalents2526815664
Total current assets:2526815664
Noncurrent Assets
Property, plant and equipment59402118192122
Regulated entity, other noncurrent assets25212117191615
Total noncurrent assets:83614135383737
Other undisclosed assets6,9636,1514,9364,1683,3452,7422,392
TOTAL ASSETS:7,0716,2374,9864,2183,3892,7852,433
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities185      
Other undisclosed accounts payable and accrued liabilities185      
Total current liabilities:185      
Noncurrent Liabilities
Long-term debt and lease obligation940544543541548300350
Long-term debt, excluding current maturities940544543541548300350
Total noncurrent liabilities:940544543541548300350
Other undisclosed liabilities3,5633,7022,9072,5031,9131,7831,333
Total liabilities:4,6884,2473,4503,0442,4612,0831,683
Stockholders' equity
Stockholders' equity attributable to parent2,3831,9911,5361,174928702750
Common stock0000000
Additional paid in capital1561551461321018963
Accumulated other comprehensive income (loss)1(0)(0)(0)(0)(0)(0)
Retained earnings2,2261,8361,3901,042827613687
Total stockholders' equity:2,3831,9911,5361,174928702750
TOTAL LIABILITIES AND EQUITY:7,0716,2374,9864,2183,3892,7852,433

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,4461,2861,110969825724682
Financial services revenue1,012874731630590
Cost of revenue(472)(407)(412)(340)(267)(230)(214)
Financial services costs(152)(116)(75)(53)(63)
Gross profit:974879698629558494469
Operating expenses(132)(123)(114)(98)(84)(73)(70)
Operating income:842755584531475421398
Interest and debt expense(188)(157)(120)(98)(76)(79)(65)
Other undisclosed income from continuing operations before equity method investments, income taxes18815712098767965
Income from continuing operations before income taxes:842755584531475421398
Income tax expense(196)(181)(114)(198)(175)(155)(145)
Net income available to common stockholders, diluted:646574470333300266253

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:646574470333300266253
Other comprehensive income (loss)1(0) (0) 0(0)
Other undisclosed comprehensive loss(0)      
Comprehensive income:647574470333300266253
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income, net of tax, attributable to parent:648574470333300266253

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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