First Acceptance Corp (FACO) financial statements (2020 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 millions)

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  11610272198
Cash and cash equivalents  1161027259
Short-term investments     139
Restricted cash and investments1919    
Total current assets:191911610272198
Noncurrent Assets
Property, plant and equipment345345
Intangible assets, net (including goodwill)363738555
Goodwill292929   
Intangible assets, net (excluding goodwill)788555
Regulated entity, other noncurrent assets     1
Total noncurrent assets:3941438810
Other undisclosed assets33834024321819354
TOTAL ASSETS:396400402329274262
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities331328298222197190
Total liabilities:331328298222197190
Stockholders' equity
Stockholders' equity attributable to parent65721041077773
Common stock000000
Additional paid in capital458458457457457457
Accumulated other comprehensive income213539
Accumulated deficit(396)(387)(358)(356)(384)(393)
Total stockholders' equity:65721041077773
TOTAL LIABILITIES AND EQUITY:396400402329274262

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Financial services revenue  (0)218200 
Gross profit:348390332263241228
Operating expenses(1)(1)(4)(11)(2)(7)
Operating income:346388328252238221
Nonoperating income (expense)
(Investment Income, Nonoperating)
   (0)67
Interest and debt expense(5)(4)(3)(3)(3)(4)
Other undisclosed loss from continuing operations before equity method investments, income taxes(335)(429)(327)(240)(232)(232)
Income (loss) from continuing operations before equity method investments, income taxes:7(45)(3)1010(9)
Income from equity method investments   00 
Income (loss) from continuing operations before income taxes:7(45)(3)1010(9)
Income tax expense (benefit)(15)16118(1)0
Net income (loss):(9)(29)(2)2810(9)
Other undisclosed net loss attributable to parent   (0)(0) 
Net income (loss) available to common stockholders, diluted:(9)(29)(2)289(9)

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(9)(29)(2)2810(9)
Comprehensive income (loss):(9)(29)(2)2810(9)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(2)(2)2(6)(2)
Comprehensive income (loss), net of tax, attributable to parent:(8)(31)(4)304(11)

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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