Credit Acceptance Corporation (CACC) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 346.8M | 269.3M | 299.4M | 139.7M | 346.2M | 306.2M | 317.7M | 204M | 310M | 311.2M | 313.4M | 282.7M | 296.5M | 286.8M | 326.3M | 249.5M | 376.1M | 131.1M | 269.8M | 343.3M |
| Operating CF Margin % | 59.79% | 46.44% | 51.94% | 24.27% | 61.57% | 54.9% | 58.44% | 38.4% | 61.79% | 64.11% | 66.29% | 59.82% | 66.04% | 62.98% | 71.28% | 54.74% | 82.59% | 28.34% | 57.44% | 72.84% |
| Operating CF Growth % | 0.17% | -12.05% | -5.76% | -31.52% | 11.68% | -1.61% | 1.37% | -27.84% | 4.55% | 8.51% | -3.95% | 13.31% | -21.16% | 118.76% | 20.94% | -27.32% | 15.65% | -35.16% | -2.49% | 24.84% |
| Net Income | 135.8M | 122M | 108.2M | 87.4M | 106.3M | 151.9M | 78.8M | -47.1M | 64.3M | 93.6M | 70.8M | 22.2M | 99.5M | 127.3M | 86.8M | 107.4M | 214.3M | 217.6M | 250M | 288.6M |
| Depreciation & Amortization | 700K | 6.1M | 6.8M | 6.8M | 6.9M | 6.9M | 6.9M | 6.9M | 7.1M | 6.7M | 7.1M | 6.4M | 6.4M | 6.3M | 6.2M | 6.5M | 6.6M | 6.6M | 6.8M | 6.4M |
| Stock-Based Compensation | 11.3M | 13M | 12.1M | 12.7M | 12.9M | 12.8M | 10.7M | 10.6M | 10.9M | 10.1M | 9.3M | 9.8M | 9.9M | 9.6M | 8.7M | 9.1M | 9.1M | 19.4M | 15.2M | -10.9M |
| Deferred Taxes | 2.8M | 0 | -7.9M | -14.9M | 1.6M | -103.8M | 13.1M | -11.6M | 31.9M | -73.1M | 13.3M | -2.4M | 24.2M | -11.5M | -1.9M | -5.3M | 11M | 48.8M | -15.1M | -1.9M |
| Other Non-Cash Items | 196.2M | 129.8M | 151.9M | 172.5M | 163.3M | 123.7M | 184.8M | 344.3M | 186.4M | 165.6M | 184.7M | 250.6M | 137.7M | 130.5M | 180.3M | 147.5M | 23.4M | 25.8M | -8.4M | -30.6M |
| Working Capital Changes | 0 | -1.6M | 28.3M | -124.8M | 55.2M | 114.7M | 23.4M | -99.1M | 9.4M | 108.3M | 28.2M | -3.9M | 18.8M | 24.6M | 46.2M | -15.7M | 111.7M | -187.1M | 21.3M | 91.7M |
| Change in Receivables | 0 | 0 | -300K | -3M | -2.2M | 22.2M | 13.5M | -28.8M | -6.8M | 9.9M | -500K | -2.7M | -2.3M | 20.3M | 23.2M | 700K | 56.3M | -84.2M | -7.1M | 80.4M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.3M | -20.3M | -23.2M | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 13.4M | 0 | 35.4M | 6.2M | 27.3M | -19.9M | 12.5M | -2.4M | 16.6M | 35.1M | 11.3M | 9.3M | -6M | 23.5M | 7.2M | -5.9M | 43.1M | -76.2M | 25.1M | 16.4M |
| Cash from Investing | -192.1M | -60.9M | -127.6M | -194.2M | -291.6M | -187.2M | -424M | -526M | -583.9M | -344.9M | -359.9M | -367.8M | -344.2M | -121.5M | -172.7M | -147.9M | -18.5M | 223.1M | 192.6M | 134.2M |
| Capital Expenditures | -1.3M | -400K | -600K | -300K | -300K | -700K | -400K | -400K | -300K | -1.7M | 100K | -1.5M | -900K | -1.2M | -900K | 700K | -1.7M | -1.5M | -3M | -2.3M |
| CapEx % of Revenue | 0.22% | 0.07% | 0.1% | 0.05% | 0.05% | 0.13% | 0.07% | 0.08% | 0.06% | 0.35% | 0.02% | 0.32% | 0.2% | 0.26% | 0.2% | 0.15% | 0.37% | 0.32% | 0.64% | 0.49% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 109.4M | 8.02B | 8.08B | 8.5M | 12.7M | 9.5M | 0 | 9.3M | 4.7M | 6.9M | 7.7M | 0 | 5.1M | 4M | 5.2M | 6.2M | 6.9M | 0 | 0 | 3.7M |
| Other Investing | -186.8M | -60.5M | -129.2M | -193.9M | -289.8M | -199.5M | -426.1M | -522.7M | -576.3M | -343.6M | -363.9M | -368M | -340M | -116.4M | -168.2M | -143.1M | -8.8M | 230.6M | 199.7M | 138.6M |
| Cash from Financing | -104M | -206.5M | -236.8M | -502.3M | 221M | 9.7M | 305M | 272M | 370.6M | 66.4M | 72.7M | 9M | 118.1M | -143M | -189M | -169.5M | -293.1M | -362.3M | -881M | -200.8M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -191.4M | -96.5M | -262.2M | -164.4M | -61.4M | 0 | -60.8M | -191.1M | -53.6M | -126.3M | -7.8M | -14.9M | -105.3M | -26.5M | -229.7M | -423M | -377.9M | -704.2M | -254.5M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -178.9M | -191.4M | -107.4M | -262.2M | -164.4M | -61.4M | 0 | -60.8M | -191.1M | -53.6M | -126.3M | -7.8M | -14.9M | -105.3M | -26.5M | -229.7M | -423M | -377.9M | -704.2M | -254.5M |
| Other Financing | -104M | 1.2M | -32.5M | -400K | 29.1M | -27.5M | 1.9M | -10.8M | 15.9M | -18.2M | 4.6M | -11.4M | 3.3M | -3.5M | 6.3M | 6.2M | 9.9M | 7.5M | -1.3M | -10.6M |
| Net Change in Cash | 50.7M | 1.9M | -65M | -556.8M | 275.6M | 128.7M | 198.7M | -50M | 96.7M | 32.7M | 26.2M | -76.1M | 70.4M | 22.3M | -35.4M | -67.9M | 64.5M | -8.1M | -418.6M | 276.7M |
| Free Cash Flow | 345.5M | 268.9M | 298.8M | 139.4M | 345.9M | 305.5M | 317.3M | 203.6M | 309.7M | 309.5M | 313.5M | 281.2M | 295.6M | 285.6M | 325.4M | 250.2M | 374.4M | 129.6M | 266.8M | 341M |
| FCF Margin % | 59.57% | 46.37% | 51.84% | 24.22% | 61.52% | 54.78% | 58.37% | 38.32% | 61.73% | 63.76% | 66.31% | 59.5% | 65.84% | 62.71% | 71.08% | 54.89% | 82.21% | 28.02% | 56.8% | 72.35% |
| FCF Growth % | -0.12% | -11.98% | -5.83% | -31.53% | 11.69% | -1.29% | 1.21% | -27.6% | 4.77% | 8.37% | -3.66% | 12.39% | -21.05% | 120.37% | 21.96% | -26.63% | 15.41% | -35.65% | -3.09% | 24.86% |
| FCF per Share | 31.54 | 24.22 | 26.04 | 11.84 | 28.17 | 24.66 | 25.56 | 16.58 | 24.49 | 24.11 | 24.04 | 21.47 | 22.61 | 21.48 | 24.35 | 18.51 | 26.11 | 8.70 | 16.85 | 20.30 |
| FCF Conversion (FCF/Net Income) | 2.55x | 2.21x | 2.77x | 1.60x | 3.26x | 2.02x | 4.03x | -4.33x | 4.82x | 3.32x | 4.43x | 12.73x | 2.98x | 2.25x | 3.76x | 2.32x | 1.76x | 0.60x | 1.08x | 1.19x |
| Interest Paid | 0 | 114.6M | 106.4M | 117.9M | 99.5M | 113.4M | 97.4M | 104.7M | 77.9M | 69.4M | 65.2M | 56.9M | 50.6M | 42.2M | 38.3M | 33.2M | 33.6M | 33.5M | 37.6M | 36.8M |
| Taxes Paid | 0 | 0 | 48.7M | 176.9M | 6.5M | -102M | 800K | 96M | 5.2M | 12.2M | 1.4M | 14.9M | 3.4M | 22.7M | 12.1M | 37.3M | 600K | 100.9M | 44.4M | 67.9M |