Credit Acceptance
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Credit Acceptance's past years’ income statements indicate that its last revenue has increased compared to the previous period by 61% to $1,901,900,000. Profit margin reached 15%. Total operating expenses were $459,100,000.
Profit Margin
| 2014 | 682.7M | 266.2M | 38.99% |
|---|---|---|---|
| 2015 | 778.7M | 299.7M | 38.49% |
| 2016 | 917.3M | 332.8M | 36.28% |
| 2017 | 1.05B | 470.2M | 44.67% |
| 2018 | 1.22B | 574M | 46.92% |
| 2019 | 1.42B | 656.1M | 46.19% |
| 2020 | 1.61B | 421M | 25.99% |
| 2021 | 1.80B | 958.3M | 53.15% |
| 2022 | 1.18B | 535.8M | 45.24% |
| 2023 | 1.90B | 286.1M | 15.04% |
CACC Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.90B | 1.18B | 1.80B | 1.61B | 1.42B | 1.22B | 1.05B | 917.3M | 778.7M | 682.7M |
Cost of revenue | 617.4M | 475M | 421.1M | 416.4M | 419.6M | 350.4M | 283M | 250.2M | 225.6M | 196.9M |
Gross profit | 1.28B | 709.4M | 1.38B | 1.20B | 1.00B | 873M | 769.6M | 667.1M | 553.1M | 485.8M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 91.7M | 75.6M | 65.3M | 69.5M | 70.2M | 67.7M | 58.4M | 49.4M | 45.9M | 36.8M |
Total operating expenses | 459.1M | 608.7M | 159.7M | 684.3M | 173.2M | 117.9M | 185.8M | 135.9M | 78.6M | 43.1M |
Operating income | 440.1M | 686.1M | 1.23B | 540.5M | 837.1M | 755.1M | 583.8M | 531.2M | 474.5M | 442.7M |
Other income (expenses), net | -72.5M | 25.6M | 26.3M | -45.3M | 18.8M | 62.4M | -22.7M | 51.9M | -33.2M | -21.8M |
Income before tax | 367.6M | 711.7M | 1.26B | 549.5M | 855.9M | 755.1M | 583.8M | 531.2M | 474.5M | 420.9M |
Income tax expense | 81.5M | 175.9M | 302.6M | 128.5M | 199.8M | 181.1M | 113.6M | 198.4M | 174.8M | 154.7M |
Net income | 286.1M | 535.8M | 958.3M | 421M | 656.1M | 574M | 470.2M | 332.8M | 299.7M | 266.2M |
Earnings per share | ||||||||||
Basic EPS | 22.09 | 39.5 | 59.57 | 23.57 | 34.71 | 29.52 | 24.12 | 16.37 | 14.35 | 11.96 |
Diluted EPS | 21.99 | 39.32 | 59.52 | 23.47 | 34.57 | 29.39 | 24.04 | 16.31 | 14.28 | 11.92 |
| Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source |