Regional Management Corp. (RM) · 10+ Years of Financial statements

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	64	77	93	124	156	190	201	221	249	273	316	336	397	473	484
+ Sales & Services Revenue	64	77	93	124	156	190	201	221	249	273	316	336	397	473	484
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	64	77	93	124	156	190	201	221	249	273	316	336	397	473	484
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	64	77	93	124	156	190	201	221	249	273	316	336	397	473	484
+ Selling, General & Admin	25	28	34	47	59	82	98	99	109	119	134	154	171	199	218
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	40	49	59	77	97	108	103	122	139	154	181	182	226	274	266
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-14	-26	-33	-39	-46	-24	-38	-39	-40	-46	-59	-36	-112	-65	-21
+ Interest Expense, Net	-72	-84	-104	-131	-166	-200	-212	-241	-273	-314	-361	-373	-414	-485	-557
+ Interest Expense	-9	-10	-12	-12	-14	-15	-16	-20	-24	-33	-40	-38	-31	-34	-67
- Interest Income	64	74	92	119	152	185	196	221	249	280	321	335	383	451	490
+ Other Non-Op (Income) Loss	58	59	71	91	120	176	174	202	233	268	302	337	301	420	536
Pretax Income	14	26	33	39	46	24	38	39	40	46	59	36	112	65	21
- Income Tax Expense (Benefit)	4	9	12	15	17	9	15	15	10	11	14	9	24	14	5
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	10	16	21	25	29	15	23	24	30	35	45	27	89	51	16
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	10	16	21	25	29	15	23	24	30	35	45	27	89	51	16
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	10	16	21	25	29	15	23	24	30	35	45	27	89	51	16
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	10	16	21	25	29	15	23	24	30	35	45	27	89	51	16
Basic Weighted Avg Shares	9	9	12	12	13	13	13	12	12	12	11	11	10	9	9
Basic EPS, GAAP	1.06	1.76	1.71	2.12	2.29	1.17	1.82	2.03	2.59	3.03	3.92	2.45	8.84	5.51	1.7
Basic EPS from Cont Ops	1.06	1.76	1.71	2.12	2.29	1.17	1.82	2.03	2.59	3.03	3.92	2.45	8.84	5.51	1.7
Diluted Weighted Avg Shares	10	10	12	12	13	13	13	12	12	12	12	11	11	10	10
Diluted EPS, GAAP	1.03	1.72	1.71	2.07	2.23	1.14	1.79	1.99	2.54	2.93	3.8	2.4	8.33	5.3	1.66
Diluted EPS from Cont Ops	1.03	1.72	1.71	2.07	2.23	1.14	1.79	1.99	2.54	2.93	3.8	2.4	8.33	5.3	1.66
EBITDA	1	1	1	3	3	4	4	6	7	9	11	13	12	13	15
EBITDA Margin (%)	1.78	1.8	1.55	2.09	2.21	2.05	1.95	2.92	2.96	3.22	3.44	3.96	2.94	2.68	3.02
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	15.39	21.42	22.63	19.95	18.4	7.8	11.62	10.89	12.06	12.94	14.17	7.95	22.34	10.83	3.3
Sales per Employee	- -	- -	138,797	136,060	140,094	131,512	141,510	161,844	171,651	178,008	192,667	217,934	234,774	237,551	232,550
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.2	0.95	1.22	1.26
Depreciation Expense	1	1	1	3	3	4	4	6	7	9	11	13	12	13	15

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	- -	2	6	7	4	6	8	5	17	6	4	11	13	18	17
+ Cash, Cash Equivalents & STI	- -	1	5	3	4	4	8	4	5	4	2	8	11	4	5
+ Cash & Cash Equivalents	- -	1	5	3	4	4	8	4	5	4	2	8	11	4	5
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	1	1	4	- -	2	- -	1	11	2	2	3	3	14	13
+ Accounts Receivable, Net	- -	1	1	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	1	- -	2	- -	1	11	2	2	3	3	14	13
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	240	298	428	530	525	619	707	813	950	1,154	1,093	1,446	1,707	1,777
+ Property, Plant & Equip, Net	- -	3	4	5	7	9	9	12	12	14	42	41	42	49	48
+ Property, Plant & Equip	- -	10	13	15	18	23	23	28	29	34	64	65	67	77	78
- Accumulated Depreciation	- -	7	8	10	11	14	14	17	17	20	22	24	25	28	30
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	237	294	422	523	516	610	695	800	937	1,113	1,052	1,405	1,658	1,729
+ Total Intangible Assets	- -	1	- -	2	2	2	3	6	11	10	9	9	10	12	16
+ Goodwill	- -	- -	- -	- -	1	1	1	1	1	1	1	1	1	1	- -
+ Other Intangible Assets	- -	1	- -	2	1	1	2	6	10	9	9	8	9	11	16
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	236	293	420	521	514	606	689	790	927	1,103	1,043	1,395	1,646	1,713
Total Assets	- -	241	304	435	534	530	626	712	829	956	1,159	1,104	1,460	1,725	1,795
+ Payables & Accruals	- -	8	7	7	7	11	13	15	19	25	29	40	49	34	40
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	8	7	7	7	11	13	15	19	25	29	40	49	34	40
+ ST Debt	- -	164	206	292	363	341	337	452	514	355	393	325	240	165	245
+ ST Borrowings	- -	164	206	292	363	341	337	452	514	355	393	325	240	165	245
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	- -	172	213	299	370	352	350	467	532	380	422	365	290	199	285
+ LT Debt	- -	26	26	- -	- -	- -	71	38	53	297	434	466	887	1,218	1,187
+ LT Borrowings	- -	26	26	- -	- -	- -	71	38	53	297	406	437	857	1,181	1,150
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	28	29	31	37	37
+ Other LT Liabilities	- -	- -	- -	6	3	- -	- -	- -	5	1	- -	- -	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	6	3	- -	- -	- -	5	1	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	- -	26	26	6	3	- -	71	38	58	297	434	466	887	1,218	1,187
Total Liabilities	- -	198	239	305	373	352	421	505	590	677	856	832	1,177	1,416	1,472
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	29	29	81	85	87	90	94	96	100	104	107	106	114	123
+ Common Stock	- -	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Additional Paid in Capital	- -	28	28	80	83	86	89	92	94	99	103	105	105	112	122
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	25	25	25	50	62	130	150	150
+ Retained Earnings	- -	3	24	48	77	91	115	139	169	204	249	227	306	346	350
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -
Equity Before Minority Interest	- -	43	65	129	161	178	205	207	239	279	303	272	283	309	322
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	- -	43	65	129	161	178	205	207	239	279	303	272	283	309	322
Total Liabilities & Equity	- -	241	304	435	534	530	626	712	829	956	1,159	1,104	1,460	1,725	1,795
Shares Outstanding	10	10	12	12	13	13	13	11	12	12	11	11	10	10	10
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	28	29	31	37	37
Net Debt	- -	189	227	289	359	337	401	485	561	648	796	754	1,086	1,342	1,391
Net Debt to Equity	- -	435.25	349.84	223.74	222.51	189.21	195.31	233.8	234.46	232.01	263.01	277.15	384.26	434.81	431.54
Tangible Common Equity Ratio	- -	17.72	21.2	29.38	29.91	33.43	32.44	28.48	27.94	28.44	25.53	24.05	18.84	17.31	17.23
Current Ratio	- -	0.01	0.03	0.02	0.01	0.02	0.02	0.01	0.03	0.02	0.01	0.03	0.05	0.09	0.06
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Number of Employees	- -	- -	670	912	1,117	1,443	1,421	1,363	1,448	1,535	1,638	1,542	1,691	1,991	2,081

Cash Flow Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	10	16	21	25	29	15	23	24	30	35	45	27	89	51	16
+ Depreciation & Amortization	1	1	1	3	3	4	4	6	7	9	11	13	12	13	15
+ Non-Cash Items	20	21	23	33	37	67	52	69	86	88	88	116	74	185	218
+ Stock-Based Compensation	- -	- -	- -	1	2	2	4	4	4	5	5	6	7	11	12
+ Deferred Income Taxes	- -	3	4	6	-3	-5	- -	2	5	-4	-1	1	-4	5	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	20	18	18	26	39	69	48	63	78	87	85	109	71	169	206
+ Chg in Non-Cash Work Cap	- -	3	-4	-2	3	- -	4	1	-8	14	14	9	15	-25	- -
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	- -	- -	2	3	6	5	10	10	-15	8
+ Inc (Dec) in Other	- -	3	-4	-2	3	- -	4	-2	-11	7	9	-1	5	-10	-7
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	31	41	41	58	73	86	83	100	115	146	158	165	189	224	249
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	1	1	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	1	1	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-1	-3	-2	-4	-5	-5	-12	-11	-7	-7	-5	-7	-11	-12
+ Acq of Fixed Prod Assets	-1	-1	-3	-2	-4	-3	-3	-6	-5	-5	-6	-4	-4	-6	-5
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	-1	-2	-5	-6	-1	-2	-1	-3	-6	-7
+ Net Change in LT Investment	-1	- -	-3	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4
+ Inc in LT Investment	-1	- -	-3	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	-28	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	-28	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-39	-49	-74	-128	-138	-60	-141	-149	-169	-192	-261	-86	-348	-436	-271
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-41	-51	-79	-159	-143	-65	-147	-160	-180	-199	-269	-92	-355	-447	-279
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2	-10	-11	-12
+ Net Cash From Debt	11	7	42	61	70	-43	67	80	79	89	164	-39	339	246	44
+ Cash From Debt	12	33	43	86	70	- -	73	115	81	281	1,773	1,463	2,476	2,266	1,645
+ Repayments of Debt	- -	-26	-1	-26	- -	-43	-6	-34	-2	-192	-1,608	-1,502	-2,136	-2,020	-1,602
+ Cash (Repurchase) of Equity	- -	- -	- -	40	- -	- -	- -	-25	- -	- -	-25	-12	-67	-21	- -
+ Increase in Capital Stock	- -	- -	- -	40	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	-25	- -	- -	-25	-12	-67	-21	- -
+ Other Financing Activities	- -	- -	- -	-1	1	21	- -	-2	-5	-8	-22	-5	-19	-9	-5
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	11	7	42	100	71	-21	67	54	74	81	117	-58	243	206	26
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	2	-2	4	-2	1	- -	4	-5	9	28	6	15	77	-17	-3
Capital Expenditures	-1	-1	-3	-2	-4	-5	-5	-12	-11	-7	-7	-5	-7	-11	-12
EBITDA	1	1	1	3	3	4	4	6	7	9	11	13	12	13	15
EBITDA Margin (%)	1.78	1.8	1.55	2.09	2.21	2.05	1.95	2.92	2.96	3.22	3.44	3.96	2.94	2.68	3.02
Net Cash Paid for Acquisitions	- -	- -	- -	28	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	31	40	39	56	68	81	78	89	104	139	151	160	182	213	237
Free Cash Flow to Firm	25	34	31	48	60	72	68	76	87	114	120	131	157	186	185
Free Cash Flow to Equity	- -	47	81	116	139	40	147	175	190	230	317	122	525	465	288
Free Cash Flow per Basic Share	3.29	4.28	3.16	4.76	5.44	6.39	6.08	7.49	9.03	11.97	13.23	14.6	18.15	22.9	25.23
Price/Free Cash Flow	- -	- -	- -	3.22	5.7	2.21	2.25	2.88	2.45	1.89	2.11	1.89	3.06	1.14	0.96
Cash Flow to Net Income	3.16	2.51	1.97	2.33	2.52	5.8	3.57	4.17	3.85	4.14	3.54	6.17	2.13	4.38	15.61

Regional Management Corp.

RM US

27.12

27.12