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

12,126

12,345

Average number of stores in operation

Average retail units sold per store per month

Average retail sales price

10,654

10,641

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-current (excl. 1-2 day)

Average down-paym ent percentage

Period End Data:

Stores open

Accounts over 30 days past due

Finance receivables, gross

466,854

437,278

Operating Statement:

Revenues:

136,032

139,461

Interest income

16,885

15,288

152,917

154,749

Costs and expenses:

Cost of sales

79,581

85,501

Selling, general and administrative

23,464

23,310

Provision for credit losses

38,630

38,172

Interest expense

Depreciation and amortization

Loss on disposal of property and equipment

144,539

149,381

Income before taxes

Provision for income taxes

Net income

Dividends on subsidiary preferred stock

Net income attributable to common shareholders

Earnings per share:

Diluted

Weighted average number of shares used in calculation:

7,737,420

8,123,456

7,941,504

8,335,751

America's Car-Mart, Inc.

Consolidated Results of Operations

Years Ended

47,116

46,483

10,540

10,361

Net charge-offs as a percent of average finance receivables

520,149

506,517

67,602

61,389

587,751

567,906

304,927

304,886

91,940

92,242

149,097

144,397

555,509

549,408

32,242

18,498

12,037

20,205

11,596

20,165

11,556

Weighted average number of shares outstanding:

7,854,238

8,370,478

8,110,777

8,666,031

Consolidated Balance Sheet and Other Data

(Dollars in Thousands) 

Cash and cash equivalents

Finance receivables, net

357,161

334,793

324,144

Inventory

30,129

29,879

34,267

Total assets

424,258

406,296

400,361

Total debt

117,944

107,902

102,685

Treasury stock

162,024

141,535

127,321

Stockholders' equity

233,008

228,817

229,132

Shares outstanding

7,608,471

8,073,820

8,529,223

Finance receivables:

Principal balance

417,368

Deferred revenue - payment protection plan

(18,472

(17,305

(15,652

Deferred revenue - service contract

(9,611

(10,034

(9,584

Allowance for credit losses

(109,693

(102,485

(93,224

Finance receivables, net of allowance and deferred revenue

329,078

307,454

298,908

Allowance as % of principal balance net of deferred revenue

Changes in allowance for credit losses:

Balance at beginning of period

Charge-offs, net of collateral recovered

(141,889

(135,136

Balance at end of period

Contacts:

William H. (“Hank”) Henderson, CEO or Jeffrey A. Williams, President at (479) 464-9944

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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