Credit acceptance corp (CACC)
CashFlow / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash Flows From Operating Activities:
Net income

656

646

631

618

574

599

548

497

470

380

365

351

332

325

313

302

299

292

292

287

266

259

250

242

253

247

234

230

219

209

206

195

188

0

0

0

Adjustments to reconcile cash provided by operating activities:
Provision for credit losses

76

66

61

48

56

100

112

132

129

95

92

88

90

76

66

57

41

27

18

14

12

18

20

20

21

23

27

24

24

24

19

25

29

0

0

0

Depreciation

7

6

6

5

5

5

5

5

6

6

6

6

6

6

6

5

5

5

5

5

5

5

5

5

5

5

5

5

5

4

4

4

4

0

0

0

Amortization

15

15

15

14

14

12

11

10

10

9

9

9

9

8

8

8

8

8

8

8

7

8

7

7

7

7

7

7

7

6

6

6

5

0

0

0

Loss on retirement of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-0

-0

-0

-0

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

Stock-based compensation

7

8

8

9

10

14

15

16

15

10

9

7

7

8

9

10

12

15

14

15

15

12

11

11

8

9

12

12

12

8

5

2

1

0

0

0

Provision for deferred income taxes

-85

-63

-58

-48

-49

73

73

64

85

4

10

12

-24

-26

-34

-39

-35

45

41

35

56

45

46

47

8

10

6

8

25

18

25

26

15

0

0

0

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other Operating Activities, Cash Flow Statement

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Increase in accounts payable and accrued liabilities

17

15

29

19

41

34

41

39

10

9

0

8

11

6

4

-1

13

8

15

10

0

1

-2

6

8

11

6

-2

10

7

9

10

20

0

0

0

Increase in income taxes receivable

58

-9

-3

5

5

14

17

-0

-0

0

-1

-16

-7

5

-0

18

8

-1

9

-1

0

0

0

1

0

0

0

0

-

-

-

-0

-11

0

0

0

Increase (decrease) in income taxes payable

-2

0

0

-34

-37

0

0

22

16

-1

0

32

23

-0

0

-15

-2

-9

-2

11

-17

5

2

-20

13

-4

-5

12

4

0

0

0

-

-

-

0

Increase in other assets

-6

-7

2

0

4

1

4

6

6

4

5

5

5

3

3

2

1

0

3

1

3

2

2

2

1

-1

-2

-2

-1

-1

-1

-6

2

0

0

0

Net cash provided by operating activities

812

810

794

726

703

652

615

611

566

558

539

577

507

467

443

378

404

395

380

389

365

374

359

338

325

311

297

300

308

291

287

278

275

0

0

0

Cash Flows From Investing Activities:
Increase (Decrease) in Restricted Cash

-

-

-

-

-

-

-

-

-

-

-

-

0

56

56

26

9

-29

20

52

46

89

39

30

18

-51

-11

-43

-12

76

42

78

38

0

0

0

Purchases of restricted securities available for sale

40

41

40

45

43

42

41

34

34

38

42

40

39

35

32

35

34

34

38

61

65

87

102

99

105

0

0

0

-

-

-

-

0

0

0

0

Proceeds from sale of restricted securities available for sale

29

27

23

22

19

22

24

25

27

33

33

34

35

33

34

34

34

31

25

25

15

12

13

9

11

0

0

0

-

-

-

-

-

-

-

-

Maturities of restricted securities available for sale

11

12

11

13

11

8

8

3

5

5

7

8

5

5

3

4

4

3

14

35

49

75

82

84

86

0

0

0

-

-

-

-

0

0

0

0

Principal collected on Loans receivable

2,971

2,882

2,783

2,690

2,576

2,481

2,374

2,266

2,189

2,120

2,068

2,008

1,955

1,914

1,856

1,799

1,739

1,687

1,636

1,586

1,540

1,497

1,446

1,396

1,334

1,288

1,243

1,197

1,162

1,131

1,100

1,054

996

0

0

0

Advances to Dealers

2,424

2,445

2,429

2,424

2,414

2,371

2,288

2,140

1,968

1,872

1,873

1,855

1,881

1,900

1,852

1,824

1,795

1,739

1,654

1,583

1,471

1,412

1,404

1,399

1,356

1,332

1,290

1,257

1,253

1,232

1,217

1,863

1,152

0

0

0

Purchases of Consumer Loans

1,347

1,317

1,271

1,225

1,181

1,135

1,077

992

904

851

853

827

754

694

568

460

371

328

284

245

204

176

161

147

124

113

104

101

108

113

119

124

122

0

0

0

Accelerated payments of Dealer Holdback

58

55

51

52

52

52

52

49

47

45

47

49

53

56

55

53

52

49

46

44

41

41

41

61

40

108

88

47

43

-44

-47

-48

-47

0

0

0

Payments of Dealer Holdback

138

136

133

130

128

128

129

129

131

133

134

137

142

144

147

148

150

149

146

142

135

129

123

118

114

112

111

112

115

116

113

102

85

0

0

0

Net (increase) decrease in other loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

0

0

0

0

Purchases of property and equipment

26

26

36

28

25

23

8

6

8

8

7

7

5

4

4

4

4

3

3

3

4

4

5

6

5

6

5

6

8

9

9

8

6

0

0

0

Net cash used in investing activities

-1,024

-1,100

-1,142

-1,180

-1,238

-1,241

-1,190

-1,057

-871

-725

-783

-808

-878

-939

-822

-715

-639

-553

-517

-486

-363

-356

-338

-352

-333

-317

-345

-324

-400

-461

-449

-497

-454

0

0

0

Cash Flows From Financing Activities:
Borrowings under revolving secured line of credit

3,846

3,552

2,937

2,851

2,249

2,175

2,436

3,369

3,527

3,411

3,102

1,439

1,615

1,474

1,570

1,467

1,657

2,277

2,572

3,259

2,796

2,730

2,603

2,746

2,816

2,605

2,804

2,495

2,507

2,597

2,535

2,503

2,384

0

0

0

Repayments under revolving secured line of credit

4,018

3,500

2,898

2,874

2,091

2,305

2,436

3,480

3,513

3,366

3,102

1,341

1,673

1,389

1,594

1,431

1,718

2,285

2,653

3,375

2,779

2,809

2,648

2,746

2,757

2,634

2,666

2,552

2,507

2,580

2,649

2,462

2,477

0

0

0

Proceeds from secured financing

2,396

1,698

1,848

2,510

2,696

3,396

2,600

2,628

2,364

2,400

2,436

2,244

2,169

1,484

2,072

1,372

1,247

1,366

1,404

1,929

1,754

1,781

1,279

1,052

1,004

1,122

1,465

1,562

1,742

1,991

1,792

1,506

1,164

0

0

0

Repayments of secured financing

2,149

1,793

1,741

2,110

2,116

2,396

1,944

1,971

1,907

1,953

1,958

1,763

1,575

1,124

1,410

1,048

1,101

1,185

1,308

1,632

1,357

1,422

933

799

922

921

1,328

1,281

1,488

1,714

1,480

1,300

865

0

0

0

Proceeds from issuance of senior notes

800

400

400

400

0

0

0

0

-

-

-

-

-

-

-

-

248

248

248

248

300

0

0

0

-

-

-

-

-

-

-

-

106

0

0

0

Repayments of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments under mortgage note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

Payments of debt issuance costs and debt issuance costs

25

16

15

18

13

18

15

15

14

11

12

11

9

6

8

5

11

11

12

13

30

31

28

27

5

4

5

5

6

7

6

7

8

0

0

0

Repurchase of common stock

300

236

236

236

129

2

2

19

123

204

204

186

121

126

126

126

86

126

126

241

343

226

258

179

135

166

219

192

152

117

32

24

130

0

0

0

Proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

0

0

0

1

2

0

0

0

Tax benefits from stock-based compensation plans

-

-

-

-

-

-

-

-

-

-

-

-

27

27

27

27

0

0

0

0

13

13

14

14

1

1

1

0

2

2

2

2

3

0

0

0

Other financing activities

-0

-2

-2

-0

-7

-6

-9

-11

-2

-3

-2

1

4

2

5

3

0

4

6

3

-3

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

400

101

302

533

599

854

628

498

330

272

259

382

436

342

536

259

235

288

131

178

0

-18

-23

11

3

3

51

27

96

171

161

219

179

0

0

0

Net increase in cash and cash equivalents and restricted cash and cash equivalents

188

-188

-45

79

65

264

52

52

24

105

15

151

65

-129

157

-77

-0

130

-5

81

2

0

-2

-2

-4

0

0

0

-

-

-

-

0

0

0

0

Supplemental Cash Flow Information [Abstract]
Cash paid during the period for interest

175

170

154

149

141

131

122

115

108

103

98

92

88

83

77

73

61

59

50

48

55

54

59

59

57

57

57

65

56

63

54

53

51

0

0

0

Cash paid during the period for income taxes

172

148

139

169

168

179

195

174

175

168

149

91

111

119

114

148

146

130

136

114

99

83

81

99

119

131

129

108

92

90

82

79

76

0

0

0