First Acceptance Corp (FACO) financial statements (2023 and earlier)

Company profile

Business Address 3813 GREEN HILLS VILLAGE DRIVE
NASHVILLE, TN 37215
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  115,587102,42972,033198,150
Cash and cash equivalents  115,587102,42972,03359,104
Short-term investments     139,046
Restricted cash and investments18,50018,600    
Total current assets:18,50018,600115,587102,42972,033198,150
Noncurrent Assets
Property, plant and equipment2,8884,2135,1413,1733,5124,656
Intangible assets, net (including goodwill)36,24137,01037,9204,8004,8004,800
Goodwill29,38429,38429,429   
Intangible assets, net (excluding goodwill)6,8577,6268,4914,8004,8004,800
Regulated entity, other noncurrent assets     1,000
Total noncurrent assets:39,12941,22343,0617,9738,31210,456
Other undisclosed assets338,230340,251243,479218,173193,36253,697
TOTAL ASSETS:395,859400,074402,127328,575273,707262,303
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities331,102327,586298,457221,611196,775189,510
Total liabilities:331,102327,586298,457221,611196,775189,510
Stockholders' equity
Stockholders' equity attributable to parent64,75772,488103,670106,96476,93272,793
Common stock413412411410410410
Additional paid in capital458,124457,750457,476457,242456,993456,705
Accumulated other comprehensive income1,9001,3163,4915,0903,3758,704
Accumulated deficit(395,680)(386,990)(357,708)(355,778)(383,846)(393,026)
Total stockholders' equity:64,75772,488103,670106,96476,93272,793
TOTAL LIABILITIES AND EQUITY:395,859400,074402,127328,575273,707262,303

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues347,518389,623331,892263,194240,512228,059
Financial services revenue  (11)218,338199,700 
Gross profit:347,518389,623331,892263,194240,512228,059
Operating expenses(1,088)(1,163)(4,335)(10,852)(2,053)(7,203)
Operating income:346,430388,460327,557252,342238,459220,856
Nonoperating income (expense)
(Investment Income, Nonoperating)
   (466)5,7166,599
Interest and debt expense(4,535)(4,319)(2,967)(2,606)(2,638)(4,025)
Other undisclosed loss from continuing operations before equity method investments, income taxes(335,309)(429,271)(327,162)(239,547)(231,707)(232,475)
Income (loss) from continuing operations before equity method investments, income taxes:6,586(45,130)(2,572)9,7239,830(9,045)
Income from equity method investments   85399 
Income (loss) from continuing operations before income taxes:6,586(45,130)(2,572)9,80810,229(9,045)
Income tax expense (benefit)(15,190)15,84864218,345(650)5
Net income (loss):(8,604)(29,282)(1,930)28,1539,579(9,040)
Other undisclosed net loss attributable to parent   (85)(399) 
Net income (loss) available to common stockholders, diluted:(8,604)(29,282)(1,930)28,0689,180(9,040)

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(8,604)(29,282)(1,930)28,1539,579(9,040)
Comprehensive income (loss):(8,604)(29,282)(1,930)28,1539,579(9,040)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent498(2,175)(1,599)1,630(5,728)(1,546)
Comprehensive income (loss), net of tax, attributable to parent:(8,106)(31,457)(3,529)29,7833,851(10,586)

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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