Credit Acceptance (CACC) Financials

Credit Acceptance Corp (CACC) is a publicly-traded financial services company that specializes in providing auto loans to individuals with limited credit history or poor credit scores. The company's income statement shows its financial performance over a specific period of time, typically a year. It provides information on the company's revenues, expenses, and net income from stockholders. The income statement also includes metrics such as EBIT (earnings before interest and taxes) and EBITDA (earnings before interest, taxes, depreciation, and amortization), which help assess the company's profitability and operational efficiency. In addition, the gross profit, which represents the difference between revenues and the cost of goods sold, provides insights into the company's pricing and cost management strategies.

On the balance sheet, Credit Acceptance Corp's financial position is outlined. It lists the company's total assets, total liabilities, and stockholders' equity. Total assets include cash equivalents, which are highly liquid assets that can be converted into cash quickly. Net debt is the company's total debt minus its cash and cash equivalents, providing an indication of its financial leverage. Stockholders' equity represents the net worth of the company, calculated as the difference between total assets and total liabilities. Total liabilities encompass all of the company's debts and obligations. Cash flow is another important aspect of the company's financials and is divided into three categories: operating cash flow, investing cash flow, and financing cash flow. Operating cash flow represents the cash generated from the company's core operations, while investing cash flow and financing cash flow reflect the cash flows related to investment activities and financing activities, respectively. Free cash flow, which is the excess cash generated after deducting capital expenditures, indicates the company's ability to invest in growth opportunities or return capital to its shareholders.