Credit Acceptance Corporation (CACC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments161872681566
Cash and cash equivalents161872681566
Total current assets:161872681566
Noncurrent Assets
Property, plant and equipment59604021181921
Regulated entity, other noncurrent assets27292121171916
Total noncurrent assets:86896141353837
Other undisclosed assets7,3877,1476,1514,9364,1683,3452,742
TOTAL ASSETS:7,4897,4236,2374,9864,2183,3892,785
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation7911,188544543541548300
Long-term debt, excluding current maturities7911,188544543541548300
Liabilities, other than long-term debt391323     
Deferred income tax liabilities391323
Total noncurrent liabilities:1,1821,510544543541548300
Other undisclosed liabilities4,0053,5583,7022,9072,5031,9131,783
Total liabilities:5,1875,0684,2473,4503,0442,4612,083
Stockholders' equity
Stockholders' equity attributable to parent2,3032,3551,9911,5361,174928702
Common stock0000000
Additional paid in capital16215815514613210189
Accumulated other comprehensive income (loss)21(0)(0)(0)(0)(0)
Retained earnings2,1392,1971,8361,3901,042827613
Total stockholders' equity:2,3032,3551,9911,5361,174928702
TOTAL LIABILITIES AND EQUITY:7,4897,4236,2374,9864,2183,3892,785

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,6691,4891,2861,110969825724
Financial services revenue1,012874731630
Cost of revenue(981)(498)(407)(412)(340)(267)(230)
Provision for loan, lease, and other losses(557)(76)(57)
Financial services costs(152)(116)(75)(53)
Gross profit:689991879698629558494
Operating expenses(139)(135)(123)(114)(98)(84)(73)
Operating income:550856755584531475421
Interest and debt expense(199)(198)(157)(120)(98)(76)(79)
Other undisclosed income from continuing operations before equity method investments, income taxes199198157120987679
Income from continuing operations before income taxes:550856755584531475421
Income tax expense(129)(200)(181)(114)(198)(175)(155)
Net income available to common stockholders, diluted:421656574470333300266

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:421656574470333300266
Other comprehensive income (loss)11(0) (0) 0
Comprehensive income, net of tax, attributable to parent:422657574470333300266

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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