Americas carmart inc (CRMT)
CashFlow / TTM
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10
Net income

56,650

54,859

52,252

47,625

43,228

45,712

40,401

36,509

31,582

21,039

20,088

20,205

18,326

19,591

14,089

11,596

15,483

18,843

26,846

29,490

28,553

22,562

20,848

21,129

23,605

30,115

31,588

32,165

33,017

32,342

32,823

32,987

31,719

30,102

28,532

28,215

0

0

0

Adjustments to reconcile net income to net cash used in operating activities:
Provision for credit losses

147,629

142,951

140,295

146,363

149,900

152,217

152,442

149,059

149,408

149,181

149,876

149,097

148,639

143,780

142,433

144,397

137,061

134,481

127,758

120,289

117,098

123,668

120,593

119,247

117,138

105,551

100,902

96,035

90,081

85,791

84,767

81,638

80,026

77,216

73,360

70,964

0

0

0

Losses on claims for payment protection plan

18,013

17,476

17,181

17,020

16,857

16,671

16,879

16,748

16,406

16,688

16,458

15,627

14,966

14,345

13,473

13,521

12,563

11,919

11,557

10,588

10,681

10,290

9,982

9,586

9,040

8,312

7,850

7,544

6,949

6,610

6,201

6,053

5,655

5,445

5,256

4,927

0

0

0

Depreciation and amortization

3,933

3,943

3,951

3,969

3,955

4,027

4,156

4,250

4,281

4,283

4,255

4,272

4,387

4,336

4,294

4,208

4,104

4,031

3,922

3,830

3,660

3,560

3,426

3,285

3,163

3,040

2,941

2,826

2,702

2,584

2,453

2,329

2,220

2,111

2,010

1,928

0

0

0

Amortization of debt issuance costs

244

228

236

251

259

273

270

260

254

237

241

252

267

258

236

214

167

191

190

188

211

184

182

209

217

217

236

209

204

204

184

182

0

0

0

-

-

-

-

Loss (gain) on disposal of property and equipment

0

0

0

-

-

-

-

-91

-986

-909

-851

-1,204

-729

-749

-769

-369

0

0

0

-

-

-

-

-76

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Stock based compensation

4,583

4,227

4,229

3,703

2,615

2,303

2,071

1,603

1,531

1,498

1,387

1,293

1,303

1,353

1,386

1,519

1,411

1,317

1,179

780

849

913

1,013

1,391

1,474

1,558

1,689

1,852

2,016

2,156

2,248

2,172

2,337

2,521

2,707

2,885

0

0

0

Unrealized gain for change in fair value of interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

0

0

0

Deferred income taxes

1,660

2,116

1,703

1,701

2,503

-5,722

-5,893

-6,360

-7,776

29

99

638

815

1,800

-424

-898

-433

413

3,242

3,934

2,708

-1,064

-1,728

-2,923

-2,155

1,234

1,135

1,446

2,039

1,847

3,346

3,316

5,828

5,348

3,521

4,212

0

0

0

Excess tax benefit from share based compensation

0

0

0

-

0

0

0

-

-536

1,684

1,011

1,183

942

330

47

238

908

1,274

1,741

1,627

837

530

72

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Finance receivable originations

587,509

563,796

544,099

540,505

537,241

525,517

509,949

494,641

478,812

473,426

477,204

479,099

480,767

481,913

464,006

460,499

447,144

446,647

454,789

445,405

431,357

423,254

410,041

404,918

411,294

409,443

399,776

387,895

375,720

361,135

362,378

354,328

346,837

335,552

318,238

311,249

0

0

0

Finance receivable collections

-

-

301,354

-

-

-

267,910

260,104

253,705

250,747

250,162

249,264

249,913

247,699

247,259

248,166

244,010

245,438

243,471

238,845

236,841

231,552

226,786

223,538

219,169

213,969

210,503

207,713

204,638

204,438

203,161

200,697

195,026

193,896

191,099

188,840

0

0

0

Accrued interest on finance receivables

147

293

256

159

107

101

81

91

31

66

94

382

276

569

347

-286

279

-128

-159

172

-157

-118

-4

46

-14

247

392

356

357

297

206

295

336

188

318

172

0

0

0

Inventory

-37,229

-43,286

-44,893

-47,641

-48,640

-38,586

-37,557

-38,793

-36,654

-44,319

-46,356

-42,493

-52,573

-42,170

-45,088

-48,154

-40,398

-44,817

-41,203

-40,686

-42,637

-44,571

-45,695

-50,009

-46,216

-39,568

-36,988

-34,072

-33,308

-39,201

-37,163

-33,495

-30,102

-28,692

-25,492

-26,408

0

0

0

Prepaid expenses and other assets

-345

93

70

-113

109

409

443

780

448

781

1,132

730

1,282

434

-17

-284

-144

108

530

887

1,166

1,196

1,373

1,298

1,297

1,603

1,189

1,071

953

247

-596

-319

-423

-915

566

958

0

0

0

Accounts payable and accrued liabilities

2,022

1,583

-2,193

2,226

1,833

3,462

4,263

4,712

4,272

1,954

479

676

-2,646

1,602

2,903

1,115

1,470

1,275

1,044

3,862

4,169

1,686

3,434

-1,675

525

3,277

3,633

2,419

4,835

-235

1,584

1,482

1,157

2,722

1,001

1,302

0

0

0

Increase (decrease) in deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,227

1,777

2,038

1,782

1,474

1,170

718

734

0

0

0

Income taxes, net

1,052

1,613

2,117

-497

-1,907

-3,082

-5,024

-2,335

-2,203

-251

3,304

2,963

3,204

1,244

631

-11

-1,824

-278

-1,289

200

2,109

2,189

2,909

3,313

2,735

1,519

28

-756

-1,518

-1,474

-2,212

-3

409

298

606

-1,248

0

0

0

Net cash provided by (used in) operating activities

24,883

19,068

22,396

24,902

15,129

8,603

7,618

9,994

10,842

16,122

14,419

7,334

10,906

-1,299

9,949

14,286

7,882

17,477

8,372

12,387

22,745

21,258

24,709

21,875

11,231

-609

-1,298

-1,336

3,485

13,255

11,638

11,696

9,142

14,602

15,067

16,864

0

0

0

Investing Activities:
Purchase of property and equipment

4,231

4,153

4,354

4,029

3,714

2,837

2,330

2,258

1,749

1,670

1,677

1,587

1,749

2,479

3,651

4,526

5,405

5,068

4,420

4,009

4,359

4,979

6,296

7,095

7,829

7,745

6,587

5,726

4,662

4,383

4,643

4,452

4,368

4,581

4,400

4,801

0

0

0

Net cash used in investing activities

-4,080

-4,002

-4,212

-3,887

-3,448

-2,306

-1,776

-1,704

-1,453

-719

-745

-655

-818

-2,468

-3,644

-4,519

-5,313

-4,976

-4,308

-3,897

-4,339

-4,959

-6,294

-7,093

-7,818

-7,535

-6,379

-5,518

-4,446

-4,366

-4,626

-4,435

-4,368

-4,577

-4,392

-4,793

0

0

0

Financing Activities:
Exercise of stock options

3,028

2,234

2,484

5,117

4,976

5,386

3,811

1,641

712

1,038

2,361

1,895

1,675

1,015

232

400

1,616

2,843

4,120

4,143

2,928

2,160

952

720

0

0

0

-

-

-

-

1,371

0

0

0

-

-

-

-

Excess tax benefits from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

238

908

1,274

1,741

1,627

978

671

213

141

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock

185

170

158

147

135

124

116

115

119

126

135

142

148

191

152

186

145

137

137

146

144

150

150

151

152

153

153

143

143

134

134

118

118

106

108

103

0

0

0

Purchase of common stock

18,313

27,401

23,915

26,577

40,093

36,085

45,933

42,301

38,606

32,515

17,066

20,486

11,904

18,284

19,068

14,214

16,877

13,732

19,571

20,020

17,643

22,500

15,130

12,754

8,796

3,169

8,272

17,305

26,665

27,608

37,688

39,367

33,781

35,735

24,183

20,347

0

0

0

Dividend payments

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

0

0

0

Debt issuance costs

-

-

-

-

-

-

-

103

224

602

477

449

0

0

0

-

-

-

-

-

-

-

-

207

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash overdrafts

-268

-187

622

768

-2,795

-810

442

-163

528

2,259

12

669

2,581

-638

109

-1,587

1,006

219

-1,215

502

-1,686

-1,671

738

-452

-1,459

325

615

1,409

1,775

2,189

1,240

128

-1,579

-64

226

-610

0

0

0

Payments on note payable

479

451

420

389

310

241

174

107

108

107

105

104

103

85

60

34

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,822

0

0

0

Proceeds from revolving credit facilities

497,402

482,921

459,732

450,554

464,309

455,827

454,006

433,818

416,097

398,172

382,074

387,050

380,091

396,415

380,767

374,214

380,812

368,876

389,036

377,225

361,001

356,537

331,474

329,424

329,165

328,206

326,814

330,238

326,209

316,532

327,386

324,853

279,115

249,923

196,367

149,967

0

0

0

Payments on revolving credit facilities

483,146

469,716

455,635

449,494

441,292

430,182

417,655

400,562

387,828

384,446

381,621

376,707

383,582

376,499

368,954

369,264

371,105

370,943

377,590

371,316

362,517

351,433

336,744

331,748

323,900

317,612

312,269

308,519

300,446

301,351

299,349

294,186

249,651

217,806

176,094

133,842

0

0

0

Net cash provided by (used in) financing activities

-2,089

-13,271

-17,385

-20,285

-15,432

-5,976

-5,502

-7,702

-9,109

-15,215

-13,544

-6,847

-10,424

2,551

-6,669

-9,955

-3,543

-11,372

-3,638

-7,989

-17,098

-16,383

-18,394

-14,765

-4,022

8,085

7,766

6,850

1,417

-8,819

-7,032

-7,208

-4,792

-9,921

-10,734

-12,116

0

0

0

Increase in cash and cash equivalents

459

1,795

799

730

1,090

321

340

588

280

188

130

-168

-336

-1,216

-364

-188

-974

1,129

426

501

1,308

-84

21

17

-609

-59

89

-4

456

70

-20

53

-18

104

-59

-45

0

0

0

Payment Protection Plan [Member]
Increase (decrease) in deferred revenue

2,818

2,046

1,402

1,544

1,840

1,834

1,541

1,351

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service Contract [Member]
Increase (decrease) in deferred revenue

1,167

714

122

259

552

682

703

721

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-