World acceptance corp (WRLD)
CashFlow / Quarterly
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'11Dec'10Sep'10Jun'10
Cash flow from operating activities:
Net Income (Loss) Attributable to Parent

-5,824

4,220

8,608

37,940

6,260

14,537

-21,503

29,142

1,680

9,799

13,067

31,850

9,640

15,491

16,617

29,825

14,751

19,186

23,632

48,514

18,489

21,273

22,555

38,977

22,953

21,565

23,111

37,899

20,673

22,901

22,614

37,626

19,581

23,303

20,182

34,236

18,064

20,234

18,714

Gain (Loss) on Disposition of Business

0

0

0

0

0

628

-39,006

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of Long-Lived Assets to be Disposed of

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible assets

1,390

1,257

954

616

372

275

263

258

271

275

185

107

108

164

110

121

131

135

140

156

176

188

201

235

244

265

311

328

329

339

368

416

414

434

432

452

479

510

506

Amortization of loan costs and discounts

128

128

133

135

135

111

208

208

208

208

238

371

371

582

703

1,060

744

744

219

114

108

97

97

77

67

104

123

205

-24

0

431

31

31

124

124

124

124

100

92

Provision for Loan and Lease Losses

55,219

52,968

41,291

28,533

48,943

40,358

30,590

16,630

40,455

32,824

27,709

11,225

39,984

35,870

32,014

24,372

35,440

37,557

26,228

13,483

38,292

36,160

30,893

18,568

41,115

38,187

28,703

20,911

37,394

32,401

23,614

16,700

36,109

30,057

22,839

16,973

31,961

27,275

19,698

Amortization of convertible note discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

906

913

939

927

916

904

Depreciation

1,769

1,699

1,799

1,592

1,718

1,463

1,833

1,868

1,862

1,817

1,791

1,752

1,738

1,686

1,741

1,684

1,562

1,605

1,651

1,645

1,646

1,622

1,623

1,574

1,534

1,575

1,598

1,758

1,599

1,558

1,525

1,720

1,562

1,610

1,600

1,729

1,515

1,463

1,464

Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property

-4

-32

-69

143

73

-34

-89

13

-49

-112

-61

-104

248

-74

-39

-37

3

-1,379

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

1,353

-5,995

-2,072

-49

-889

-3,131

413

6,544

9,916

-6,689

-985

5,631

-2,067

-2,850

-1,607

3,625

-2,593

-1,522

-294

4,842

-5,063

-2,678

-931

5,939

-2,832

-5,990

-1,213

-1,168

-2,643

-6,752

-377

2,689

-2,897

-3,554

-232

1,526

-2,711

-1,450

-202

Compensation related to stock option and restricted stock plans

6,330

8,290

8,312

7,730

6,927

1,502

1,475

1,986

1,035

1,280

1,132

904

2,499

852

553

-1,691

2,071

-3,040

-3,696

3,764

4,490

4,148

3,565

3,316

2,821

4,561

4,213

4,430

2,925

1,959

1,850

1,720

1,826

1,162

1,908

1,398

1,520

1,034

1,386

Gain (Loss) on Sales of Consumer Loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

216

669

-1,207

1,795

16,027

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gains on interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

108

110

99

96

208

1,077

-365

Change in accounts:
Other assets, net

-7,517

335

3,369

-9,453

-3,860

8,546

-739

-714

1,748

2,403

-2,579

1,053

992

-1,183

-1,355

432

269

-2,773

147

743

-925

748

493

-332

945

484

-737

-1,003

1,522

-277

570

386

1,266

642

-1,805

-2,358

-545

2,537

-650

Income taxes payable

-1,469

-11,195

1,167

750

-2,765

-4,092

3,560

9,180

-6,704

-2,910

2,449

1,384

931

-8,228

10,190

3,629

3,051

-17,209

582

11,964

-1,669

-12,289

10,489

2,937

505

-8,917

1,054

8,775

-1,398

-6,227

1,264

6,008

-5,190

-7,127

4,735

4,984

5,145

-13,144

2,067

Accounts payable and accrued expenses

1,013

8,335

-5,327

4,777

4,400

-266

-3,033

5,154

1,272

3,420

-1,272

1,616

1,290

2,184

-5,996

3,610

1,936

-2,184

-2,850

1,090

-1,492

2,653

-1,210

-994

3,523

-312

-3,183

1,928

4,443

-296

-2,688

2,576

2,331

1,026

-3,494

-3,127

2,432

886

-1,321

Net Cash Provided by (Used in) Operating Activities

52,390

60,012

58,164

80,510

68,890

39,809

55,453

72,452

51,598

43,885

50,088

63,372

53,256

47,012

55,721

65,627

56,152

40,632

43,658

68,788

55,816

50,491

66,790

70,963

68,989

50,554

55,455

76,072

61,776

46,161

48,033

69,103

52,394

47,188

50,714

61,500

59,798

36,241

42,295

Cash flows from investing activities:
Increase in loans receivable, net

114,449

60,477

69,555

-49,000

107,661

68,260

64,053

-58,764

98,538

51,819

51,779

-61,391

84,708

39,280

42,167

-66,457

69,284

41,335

49,818

-75,539

84,660

47,387

60,412

-72,910

108,130

56,688

65,241

-52,273

100,656

64,997

58,606

-43,535

101,165

50,396

59,198

-40,773

95,877

51,376

54,794

Increase in intangible assets from acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62

324

-

195

366

147

Purchases of property and equipment

2,904

3,048

2,084

2,831

2,364

2,342

2,267

2,362

2,837

1,956

2,015

1,935

1,699

1,787

1,390

3,766

1,720

1,545

1,622

1,678

2,173

2,148

2,586

1,999

2,008

1,922

1,501

1,555

1,415

1,908

2,031

2,103

1,277

1,615

1,859

1,586

1,413

1,772

1,621

Proceeds from Sale of Property, Plant, and Equipment

0

71

81

209

98

65

93

117

83

39

70

79

140

409

172

78

125

604

81

67

18

126

187

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Sale of Loans Receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-205

1,192

-2,913

1,952

18,880

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-112,182

-84,761

-111,822

41,416

-137,095

-45,059

-66,227

49,652

-101,636

-61,268

-56,555

38,698

-86,267

-40,658

-43,386

63,026

-70,148

-45,364

-49,406

92,554

-87,540

-50,009

-63,212

70,959

-110,201

-58,713

-67,634

49,765

-102,353

-68,051

-60,897

40,239

-103,322

-52,443

-62,806

39,090

-98,249

-54,980

-57,254

Cash flow from financing activities:
Borrowings from senior notes payable

115,100

225,550

132,641

117,650

116,450

74,800

55,390

58,200

103,100

72,320

61,343

70,850

79,750

68,426

55,875

57,600

81,450

83,845

72,200

52,200

86,187

80,034

92,300

79,500

150,200

91,590

104,350

41,915

146,600

87,000

168,000

52,035

202,635

91,450

58,900

214,445

39,750

-7,200

46,900

Payments on senior notes payable

50,200

33,108

58,191

173,750

38,600

84,450

60,450

190,150

47,000

52,120

55,930

173,650

42,400

68,200

70,200

194,850

59,100

83,210

84,400

143,000

53,937

68,434

49,700

157,250

53,800

53,690

55,650

134,365

40,500

54,000

43,650

-

-

-

-

-

-

-

-

Repayment of junior subordinated note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from exercise of stock options

935

977

2,676

3,182

1,000

386

1,428

16,587

1,971

1,430

5,334

49

765

178

166

477

432

0

2,339

4,000

2,292

169

77

4,088

5,254

425

1,026

2,824

3,764

1,510

1,844

1,127

6,390

597

1,473

6,452

3,964

1,007

458

Payments Related to Tax Withholding for Share-based Compensation

4,229

8

238

45

1,348

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Payments on)/proceeds from junior subordinated note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-50,000

-

-

-

-

-

-

-

-

Payments of Loan Costs

0

0

991

0

0

0

240

0

0

0

420

0

0

201

0

0

0

0

5,500

0

337

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

0

168,195

21,815

70,759

3,760

0

0

0

0

0

4,614

0

4,995

0

0

-

-

-

-

51,917

0

13,504

49,902

68,541

56,936

27,323

37,734

42,024

65,879

13,409

61,731

65,816

921

26,226

46,835

17,401

1,940

2,451

31,549

Excess tax benefits from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-50

-108

-234

-171

-9

-148

0

236

387

494

55

51

927

1,430

331

177

786

1,163

444

654

1,157

451

166

296

846

689

345

41

Net cash provided by financing activities

61,606

25,215

54,081

-123,723

73,740

-9,263

-3,871

-115,922

57,113

21,630

5,714

-102,801

33,011

-31

-14,329

-136,782

22,634

635

-15,124

-138,329

34,699

-1,678

-7,173

-141,478

46,148

11,332

12,169

-131,848

45,148

21,546

15,117

-113,196

52,235

8,987

13,834

-105,500

42,463

21,213

15,850

Increase in cash and cash equivalents

1,814

465

423

-1,796

5,536

-11,080

-15,410

7,114

6,191

4,237

-657

-785

-269

6,131

-2,253

-8,565

8,384

-4,652

-21,128

21,561

2,145

-1,413

-3,524

181

4,898

2,873

-9

-5,623

4,571

-344

2,253

-3,853

1,308

3,731

1,742

-4,909

4,012

2,475

891

Effects of foreign currency fluctuations on cash

0

0

0

0

0

3,432

-765

932

-884

-9

94

-55

-269

-190

-259

-437

-253

-556

-254

-1,452

-829

-215

70

-262

-38

-83

-216

461

-101

173

-146

356

-103

-472

29

76

25

66

-52

Interest Paid, Including Capitalized Interest, Operating and Investing Activities

6,788

5,349

3,953

4,970

3,987

3,982

3,896

5,087

4,470

4,255

3,883

4,878

4,628

4,800

4,944

6,277

6,242

6,127

5,164

5,735

5,713

5,752

5,512

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income Taxes Paid

4,451

11,466

6,216

6,282

4,715

10,970

1,291

3,560

12,682

16,123

6,375

10,368

5,925

20,246

1,501

10,565

10,462

27,699

13,803

11,904

16,484

27,962

4,676

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net assets acquired from acquisition primarily loans

-3,916

16,226

30,795

3,689

20,968

9,264

0

6,756

262

6,257

2,309

16,703

0

0

0

-

-

-

-

164

507

507

337

0

57

78

638

687

218

806

238

963

625

370

1,424

58

764

1,464

690

Net Assets Acquired from Acquisition, Intangibles

-1,254

5,080

9,468

1,271

6,200

2,751

0

110

81

1,274

521

4,133

0

0

0

-

-

-

-

90

216

93

62

-0

5

23

253

291

63

339

21

-

-

-

-

-

-

-

-

Parent Company [Member]
Provision for Loan and Lease Losses

-

-

-

-

48,943

38,549

32,399

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-