Credit Acceptance Corporation (CACC)

Credit Acceptance Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	1,993	1,755	1,686	1,743	1,562
Total Interest Expense	419.5	266.5	166.6	164.2	192
Net Interest Income	1,573	1,489	1,520	1,578	1,370
Other Revenue	169.7	146.5	146.1	113.4	106.9
Revenue Before Loan Losses	1,743	1,635	1,666	1,692	1,477
Provision for Loan Losses	814.7	736.2	481.4	8.4	556.9
Revenue	928.2	899.2	1,184	1,683	920.4
Revenue Growth (YoY)	3.23%	-24.08%	-29.64%	82.90%	-24.33%
Salaries & Employee Benefits	309.2	280.2	262	218.1	186.5
Cost of Services Provided	265.8	249.6	210.7	204.4	177
Total Operating Expenses	575	529.8	472.7	422.5	363.5
Operating Income	353.2	369.4	711.7	1,261	556.9
EBT Excluding Unusual Items	353.2	369.4	711.7	1,261	556.9
Other Unusual Items	-	-1.8	-	-	-7.4
Pretax Income	329.5	367.6	711.7	1,261	549.5
Income Tax Expense	81.6	81.5	175.9	302.6	128.5
Net Income	247.9	286.1	535.8	958.3	421
Net Income to Common	247.9	286.1	535.8	958.3	421
Net Income Growth	-13.35%	-46.60%	-44.09%	127.62%	-35.83%
Shares Outstanding (Basic)	12	13	14	16	18
Shares Outstanding (Diluted)	12	13	14	16	18
Shares Change (YoY)	-4.16%	-4.51%	-15.38%	-10.23%	-5.48%
EPS (Basic)	20.12	22.09	39.50	59.57	23.57
EPS (Diluted)	19.88	21.99	39.32	59.52	23.47
EPS Growth	-9.60%	-44.07%	-33.94%	153.60%	-32.11%
Free Cash Flow	1,136	1,200	1,236	1,062	976.7
Free Cash Flow Per Share	91.11	92.22	90.69	65.95	54.46
Operating Margin	38.05%	41.08%	60.09%	74.90%	60.51%
Profit Margin	26.71%	31.82%	45.24%	56.93%	45.74%
Free Cash Flow Margin	122.40%	133.43%	104.32%	63.07%	106.12%
Effective Tax Rate	24.76%	22.17%	24.72%	24.00%	23.38%
Revenue as Reported	2,162	1,902	1,832	1,856	1,669

Source: S&P Capital IQ. Financial Services template. Financial Sources.