America's: Consolidated Results Of Operations

The following excerpt is from the company's SEC filing.

(Operating Statement Dollars in Thousands)

% Change

 As a % of Sales 

 Three Months Ended 

 April 30, 

Operating Data:

Retail units sold

  12,345

  11,699

Average number of stores in operation

Average retail units sold per store per month

  28.2

  28.1

Average retail sales price

  10,641

  10,007

Same store revenue growth

Net charge-offs as a percent of  average finance receivables

Collections as a percent of average finance receivables

Average percentage of finance receivables-curren t (excl. 1-2 day)

Average down-payment percentage

Period End Data:

Stores open

Accounts over 30 days past due

Finance receivables, gross

  437,278

  417,368

Operating Statement:

Revenues:

  139,461

  123,269

  13.1

  100.0

Interest income

  15,288

  14,342

  11.0

  11.6

  154,749

  137,611

  12.5

  111.0

  111.6

Costs and expenses:

Cost of sales

  85,501

  72,147

  18.5

  61.3

  58.5

Selling, general and administrative

  23,310

  21,187

  10.0

  16.7

  17.2

Provision for credit losses

  38,172

  30,836

  23.8

  27.4

  25.0

Interest expense

Depreciation and amortization

  1,152

  1,048

(Gain) loss on disposal of property and equipment

  149,381

  125,935

  18.6

  107.1

  102.2

Income before taxes

  5,368

  11,676

Provision for income taxes

  2,005

  4,426

Net income

  3,363

  7,250

Dividends on subsidiary preferred stock 

Net income attributable to common shareholders

  3,353

  7,240

Earnings per share:

  0.41

  0.85

Diluted

  0.40

  0.81

Weighted average number of shares used in calculation:

  8,123,456

  8,561,513

  8,335,751

  8,992,402

America's Car-Mart, Inc. 

Consolidated Results of Operations

 Years Ended 

  46,483

  46,760

  (0.6

  26.7

  28.4

  (6.0

  10,361

  9,680

Net charge-offs as a percent of average finance receivables

  506,517

  472,569

  61,389

  57,752

  12.1

  12.2

  567,906

  530,321

  112.1

  112.2

  304,886

  272,446

  11.9

  60.2

  57.7

  92,242

  83,802

  10.1

  18.2

  17.7

  144,397

  120,289

  20.0

  28.5

  25.5

  3,306

  2,903

  13.9

  4,208

  3,830

Loss on disposal of property and equipment

  2,070.6

  549,408

  483,287

  13.7

  108.5

  102.3

  18,498

  47,034

  6,902

  17,544

  11,596

  29,490

  11,556

  29,450

  1.38

  3.42

  1.33

  3.25

Weighted average number of shares outstanding:

  8,370,478

  8,617,864

  8,666,031

  9,048,957

Consolidated Balance Sheet and Other Data

(Dollars in Thousands)

Cash and cash equivalents

Finance receivables, net

  334,793

  324,144

Inventory

  29,879

  34,267

Total assets

  406,296

  400,361

Total debt

  107,902

  102,685

Treasury stock

  141,535

  127,321

Stockholders' equity

  228,817

  229,132

Shares outstanding

  8,073,820

  8,529,223

Finance receivables:

Principal balance

Deferred revenue - payment protection plan

  (17,305

  (15,652

Deferred revenue - service contract

  (10,034

  (9,584

Allowance for credit losses

  (102,485

  (93,224

Finance receivables, net of allowance and deferred revenue

  307,454

  298,908

Allowance as % of principal balance net of deferred revenue

Changes in allowance for credit losses:

Balance at beginning of period

  93,224

  86,033

Charge-offs, net of collateral recovered

  (135,136

  (113,098

Balance at end of period

  102,485

Contacts:

William H. (“Hank”) Henderson, CEO at (479) 464-9944 

Jeffrey A. Williams, President at (479) 418-8021

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

America's Car-Mart director just disposed of 27,370 shares - Sept. 6, 2017
America's Car-Mart's Chief Executive Officer just cashed-in 6,250 options - Sept. 6, 2017
America's Car-Mart Just Filed Its Quarterly Report: Earnings per Share  ... - Sept. 6, 2017
Report of proposed sale of securities - Aug. 31, 2017
Major owner of America's Car-Mart just picked up 12,560 shares - Aug. 28, 2017

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