Credit Acceptance Corporation (CACC) Financial Statements (2023 and Earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23 18726815
Cash and cash equivalents23 18726815
Total current assets:23 18726815
Noncurrent Assets
Property, plant and equipment57 60402118
Regulated entity, other noncurrent assets26 29212117
Total noncurrent assets:84 89614135
Other undisclosed assets6,944 7,1476,1514,9364,168
TOTAL ASSETS:7,051 7,4236,2374,9864,218
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation793 1,188544543541
Long-term debt, excluding current maturities793 1,188544543541
Liabilities, other than long-term debt435 323   
Deferred income tax liabilities435 323
Total noncurrent liabilities:1,228 1,510544543541
Other undisclosed liabilities3,999 3,5583,7022,9072,503
Total liabilities:5,227 5,0684,2473,4503,044
Stockholders' equity
Stockholders' equity attributable to parent1,824 2,3551,9911,5361,174
Common stock0 0000
Additional paid in capital197 158155146132
Accumulated other comprehensive income (loss)0 1(0)(0)(0)
Retained earnings1,627 2,1971,8361,3901,042
Total stockholders' equity:1,824 2,3551,9911,5361,174
TOTAL LIABILITIES AND EQUITY:7,051 7,4236,2374,9864,218

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,856 1,4891,2861,110969
Financial services revenue1,012874
Cost of revenue(430) (498)(407)(412)(340)
Provision for loan, lease, and other losses(8) (76)(57)
Financial services costs(152)(116)
Gross profit:1,427 991879698629
Operating expenses(166) (135)(123)(114)(98)
Operating income:1,261 856755584531
Interest and debt expense(164) (198)(157)(120)(98)
Other undisclosed income from continuing operations before equity method investments, income taxes  19815712098
Income from continuing operations before equity method investments, income taxes:1,097 856755584531
Other undisclosed income from continuing operations before income taxes164     
Income from continuing operations before income taxes:1,261 856755584531
Income tax expense(303) (200)(181)(114)(198)
Net income available to common stockholders, diluted:958 656574470333

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:958 656574470333
Other comprehensive income (loss)(1) 1(0) (0)
Comprehensive income, net of tax, attributable to parent:957 657574470333

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.

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