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)

12/31/2019
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 investments18726815664
Cash and cash equivalents18726815664
Total current assets:18726815664
Noncurrent Assets
Property, plant and equipment60402118192122
Regulated entity, other noncurrent assets29212117191615
Total noncurrent assets:89614135383737
Other undisclosed assets7,1476,1514,9364,1683,3452,7422,392
TOTAL ASSETS:7,4236,2374,9864,2183,3892,7852,433
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation1,188544543541548300350
Long-term debt, excluding current maturities1,188544543541548300350
Liabilities, other than long-term debt323      
Deferred income tax liabilities323
Total noncurrent liabilities:1,510544543541548300350
Other undisclosed liabilities3,5583,7022,9072,5031,9131,7831,333
Total liabilities:5,0684,2473,4503,0442,4612,0831,683
Stockholders' equity
Stockholders' equity attributable to parent2,3551,9911,5361,174928702750
Common stock0000000
Additional paid in capital1581551461321018963
Accumulated other comprehensive income (loss)1(0)(0)(0)(0)(0)(0)
Retained earnings2,1971,8361,3901,042827613687
Total stockholders' equity:2,3551,9911,5361,174928702750
TOTAL LIABILITIES AND EQUITY:7,4236,2374,9864,2183,3892,7852,433

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,4891,2861,110969825724682
Financial services revenue1,012874731630590
Cost of revenue(498)(407)(412)(340)(267)(230)(214)
Provision for loan, lease, and other losses(76)(57)
Financial services costs(152)(116)(75)(53)(63)
Gross profit:991879698629558494469
Operating expenses(135)(123)(114)(98)(84)(73)(70)
Operating income:856755584531475421398
Interest and debt expense(198)(157)(120)(98)(76)(79)(65)
Other undisclosed income from continuing operations before equity method investments, income taxes19815712098767965
Income from continuing operations before income taxes:856755584531475421398
Income tax expense(200)(181)(114)(198)(175)(155)(145)
Net income available to common stockholders, diluted:656574470333300266253

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:656574470333300266253
Other comprehensive income (loss)1(0) (0) 0(0)
Comprehensive income, net of tax, attributable to parent:657574470333300266253

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: