Elevate Credit, Inc. (ELVT) Financial Statements (2023 and Earlier)

Company Profile

Business Address 4150 INTERNATIONAL PLAZA
FORT WORTH, TX 76109
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6199 - Finance Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments84,978197,98388,91358,31341,142
Cash and cash equivalents84,978197,98388,91358,31341,142
Total current assets:84,978197,98388,91358,31341,142
Noncurrent Assets
Operating lease, right-of-use asset5,7188,32010,191
Property, plant and equipment33,10434,00049,98941,57924,249
Intangible assets, net (including goodwill)7,0077,90917,42917,73918,150
Goodwill6,7766,77616,02716,02716,027
Intangible assets, net (excluding goodwill)2311,1331,4021,7122,123
Deferred income tax assets34,22925,95810,139
Total noncurrent assets:80,05876,18787,74859,31842,399
Other undisclosed assets545,646395,429606,926635,642604,002
TOTAL ASSETS:710,682669,599783,587753,273687,543
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities601,711505,741627,098636,482591,387
Total liabilities:601,711505,741627,098636,482591,387
Stockholders' equity
Stockholders' equity attributable to parent108,971163,858156,489116,79196,156
Common stock1918181817
Treasury stock, value(41,746)(16,492)(3,344)  
Additional paid in capital205,860200,433193,061183,244174,090
Accumulated other comprehensive income  1,096542,003
Accumulated deficit(55,162)(20,101)(34,342)(66,525)(79,954)
Total stockholders' equity:108,971163,858156,489116,79196,156
TOTAL LIABILITIES AND EQUITY:710,682669,599783,587753,273687,543

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues416,637465,346746,962786,682673,132
Cost of revenue(241,327)(185,316)(444,370)(515,943)(450,332)
Cost of goods and services sold(41,546)(20,282)(51,283) (72,222)
Provision for loan, lease, and other losses(185,830)(156,910)(364,241)(411,979)
Financial services costs(357,574)
Gross profit:175,310280,030302,592270,739222,800
Operating expenses(155,980)(159,819)(191,169)(175,865)(151,937)
Operating income:19,330120,211111,42394,87470,863
Nonoperating income (expense)(22,232)(24,079)(347)(350)2,295
Foreign currency transaction gain (loss), before tax  334(1,409)2,900
Other nonoperating expense(22,232)(24,079)(681)  
Interest and debt expense(38,479)(49,020)(66,646)(79,198)(73,043)
Income (loss) from continuing operations before equity method investments, income taxes:(41,381)47,11244,43015,326115
Other undisclosed income (loss) from continuing operations before income taxes   (1,409)2,900
Income (loss) from continuing operations before income taxes:(41,381)47,11244,43013,9173,015
Income tax expense (benefit)7,783(10,910)(12,247)(1,408)(9,931)
Net income (loss):(33,598)36,20232,18312,509(6,916)
Other undisclosed net loss attributable to parent (15,610)   
Net income (loss) available to common stockholders, diluted:(33,598)20,59232,18312,509(6,916)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(33,598)36,20232,18312,509(6,916)
Other comprehensive income    74
Comprehensive income (loss):(33,598)36,20232,18312,509(6,842)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (16,706)1,042(1,949)842
Comprehensive income (loss), net of tax, attributable to parent:(33,598)19,49633,22510,560(6,000)

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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