Credit Acceptance
Cash Flow
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Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Credit Acceptance generated cash of $1,203,800,000, which is less than the previous year. Cash used in financing activities reached the amount of $266,200,000 last year. Net change in cash is therefore $53,200,000.
Cash Flow
| 2014 | 365.2M | -363.4M | 400K |
|---|---|---|---|
| 2015 | 404.2M | -639.5M | 235.2M |
| 2016 | 507.2M | -935.5M | 436.6M |
| 2017 | 566M | -902.7M | 330.3M |
| 2018 | 703.9M | -1.23B | 599.9M |
| 2019 | 812.3M | -1.02B | 400.3M |
| 2020 | 985.2M | -673.5M | -433.2M |
| 2021 | 1.06B | 437.3M | -1.46B |
| 2022 | 1.23B | -460.6M | -794.6M |
| 2023 | 1.20B | -1.41B | 266.2M |
CACC Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 417.7M | 434.2M | 396.2M | 517.7M | 329.3M | 263.8M | 14.6M | 6.3M | 6.4M | 4.2M |
Operating activities | ||||||||||
Net income | 286.1M | 535.8M | 958.3M | 421M | 656.1M | 574M | 470.2M | 332.8M | 299.7M | 266.2M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 26.6M | 25.6M | 26.3M | 23.8M | 22.4M | 19.5M | 16.4M | 15.3M | 14.2M | 13.2M |
Stock-based compensation expense | 39.1M | 36.5M | 24.8M | 6.2M | 7.6M | 10.3M | 15.4M | 7.4M | 12.4M | 15.3M |
| Deferred income tax benefit | 39.1M | 36.5M | 24.8M | 6.2M | 7.6M | 10.3M | 15.4M | 7.4M | 12.4M | 15.3M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 4.4M | 100.5M | 37.8M | -80.8M | -58.3M | -5.7M | 100K | 7.7M | 0 | 0 |
Inventories | 0 | -100.5M | -37.8M | 80.8M | 58.3M | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 49.7M | 67.9M | -10.7M | -18.4M | 17.3M | 41.6M | 10.3M | 11.8M | 13M | 600K |
Cash generated by operating activities | 1.20B | 1.23B | 1.06B | 985.2M | 812.3M | 703.9M | 566M | 507.2M | 404.2M | 365.2M |
Investing activities | ||||||||||
Purchases Of Investments | -43.3M | -50.1M | -38.8M | -43.2M | -40.1M | -43.8M | -34.5M | -39.1M | -34.1M | -65.4M |
Investments In Property Plant And Equipment | -4M | -3.1M | -7.6M | -8.5M | -26.8M | -25.1M | -8.4M | -5.5M | -4M | -4.3M |
Acquisitions Net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 65.4M |
Cash generated by investing activities | -1.41B | -460.6M | 437.3M | -673.5M | -1.02B | -1.23B | -902.7M | -935.5M | -639.5M | -363.4M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 11.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Payments for dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | -202.6M | -784.5M | -1.47B | -480.8M | -300.4M | -129.1M | -123.5M | -121.7M | -86.5M | -343.7M |
Repayments of term debt | 490.5M | -29M | -3.38B | -8.10B | 726.8M | -4.20B | 470.9M | -3.24B | 332M | -4.49B |
Cash used in financing activities | 266.2M | -794.6M | -1.46B | -433.2M | 400.3M | 599.9M | 330.3M | 436.6M | 235.2M | 400K |
Net Change In Cash | 53.2M | -16.5M | 38M | -121.5M | 188.4M | 65.5M | -6.4M | 8.3M | -100K | 2.2M |
Cash at end of period | 470.9M | 417.7M | 434.2M | 396.2M | 517.7M | 329.3M | 8.2M | 14.6M | 6.3M | 6.4M |
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