2022 Q3 Form 10-Q Financial Statement

#000095017022013505 Filed on July 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $456.2M $408.0M $280.4M
YoY Change 85.16% 54.12% 15.15%
Cost Of Revenue
YoY Change
Gross Profit $294.2M $264.6M
YoY Change 19.41% 2.1%
Gross Profit Margin 64.49% 64.85%
Selling, General & Admin $138.5M $125.2M $187.3M
YoY Change -8.46% 33.34% 62.75%
% of Gross Profit 47.06% 47.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.27M $7.584M $12.37M
YoY Change 26.43% 1.3% 49.08%
% of Gross Profit 3.83% 2.87%
Operating Expenses $195.7M $175.1M $199.7M
YoY Change 22.18% 28.34% 61.83%
Operating Profit $98.51M $89.49M
YoY Change 14.26% -27.08%
Interest Expense $30.92M $24.95M -$18.62M
YoY Change -274.29% 28.5% -28.93%
% of Operating Profit 31.39% 27.88%
Other Income/Expense, Net -$230.0K -$1.091M
YoY Change 45.47%
Pretax Income $67.59M $69.79M $61.22M
YoY Change -1.29% -32.75% -76.2%
Income Tax $15.88M $17.39M $12.48M
% Of Pretax Income 23.5% 24.91% 20.39%
Net Earnings $51.71M $52.40M $48.65M
YoY Change 0.31% -34.64% -78.91%
Net Earnings / Revenue 11.33% 12.84% 17.35%
Basic Earnings Per Share $1.62 $1.61
Diluted Earnings Per Share $1.57 $1.56 $1.304M
COMMON SHARES
Basic Shares Outstanding 32.01M 32.50M
Diluted Shares Outstanding 32.97M 33.48M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.73M $144.1M $165.5M
YoY Change -61.71% -63.46% -44.34%
Cash & Equivalents $87.73M $144.1M $165.5M
Short-Term Investments
Other Short-Term Assets $143.9M $128.5M $112.7M
YoY Change 28.43% 26.9% 0.43%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.037B $2.778B $2.294B
YoY Change 53.31% 45.85% 38.94%
LONG-TERM ASSETS
Property, Plant & Equipment $89.40M $88.60M $78.40M
YoY Change 10.23% 10.2% -1.26%
Goodwill $279.3M $279.3M $279.3M
YoY Change 0.0% 0.0% 4.22%
Intangibles $29.40M $31.42M $35.44M
YoY Change -21.5% -20.41% 36.28%
Long-Term Investments
YoY Change
Other Assets $53.75M $54.47M $51.31M
YoY Change 2.74% 2.41% 17.95%
Total Long-Term Assets $472.1M $475.1M $467.5M
YoY Change -2.93% -3.06% 2.29%
TOTAL ASSETS
Total Short-Term Assets $3.037B $2.778B $2.294B
Total Long-Term Assets $472.1M $475.1M $467.5M
Total Assets $3.509B $3.253B $2.761B
YoY Change 42.23% 35.84% 31.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $169.0M $169.5M $156.1M
YoY Change 35.63% 20.6% 25.79%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $169.0M $169.5M $156.1M
YoY Change 35.63% 20.6% 23.21%
LONG-TERM LIABILITIES
Long-Term Debt $2.060B $1.841B $1.384B
YoY Change 91.52% 78.97% 46.27%
Other Long-Term Liabilities $35.32M $36.96M $40.99M
YoY Change -43.02% -42.46% -39.73%
Total Long-Term Liabilities $2.095B $1.878B $1.425B
YoY Change 84.19% 71.83% 40.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $169.0M $169.5M $156.1M
Total Long-Term Liabilities $2.095B $1.878B $1.425B
Total Liabilities $2.363B $2.145B $1.668B
YoY Change 77.08% 65.0% 40.29%
SHAREHOLDERS EQUITY
Retained Earnings $1.262B $1.211B $1.106B
YoY Change 19.41% 20.39% 30.17%
Common Stock $245.1M $239.2M $225.7M
YoY Change 12.92% 13.07% 20.06%
Preferred Stock
YoY Change
Treasury Stock (at cost) $353.9M $334.2M $229.9M
YoY Change 166.03% 184.6% 103.05%
Treasury Stock Shares $12.57M $11.98M $9.280M
Shareholders Equity $1.146B $1.108B $1.093B
YoY Change
Total Liabilities & Shareholders Equity $3.509B $3.253B $2.761B
YoY Change 42.23% 35.84% 31.0%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $51.71M $52.40M $48.65M
YoY Change 0.31% -34.64% -78.91%
Depreciation, Depletion And Amortization $11.27M $7.584M $12.37M
YoY Change 26.43% 1.3% 49.08%
Cash From Operating Activities $232.7M $238.6M $146.7M
YoY Change 121.13% 131.84% 24.65%
INVESTING ACTIVITIES
Capital Expenditures -$9.979M -$13.19M -$7.643M
YoY Change 30.8% 80.68% -21.21%
Acquisitions
YoY Change
Other Investing Activities -$463.7M -$351.6M -$451.2M
YoY Change 61.55% 100.67% -692.84%
Cash From Investing Activities -$473.6M -$364.8M -$458.8M
YoY Change 60.75% 99.98% -789.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 198.8M 112.5M 249.7M
YoY Change 544.59% -26.11% -171.37%
NET CHANGE
Cash From Operating Activities 232.7M 238.6M 146.7M
Cash From Investing Activities -473.6M -364.8M -458.8M
Cash From Financing Activities 198.8M 112.5M 249.7M
Net Change In Cash -42.16M -13.67M -62.37M
YoY Change -73.41% -118.78% -62.36%
FREE CASH FLOW
Cash From Operating Activities $232.7M $238.6M $146.7M
Capital Expenditures -$9.979M -$13.19M -$7.643M
Free Cash Flow $242.7M $251.8M $154.4M
YoY Change 115.02% 128.45% 21.16%

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32152000
CY2021Q2 enva Loans And Lease Receivables Net Change In Fair Value
LoansAndLeaseReceivablesNetChangeInFairValue
27522000
CY2021Q2 enva Loans And Lease Receivables Foreign Currency Translation
LoansAndLeaseReceivablesForeignCurrencyTranslation
-6000
CY2021Q2 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
1408703000
CY2021Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
1964690000
enva Loans And Lease Receivables Originations Or Acquisitions
LoansAndLeaseReceivablesOriginationsOrAcquisitions
2089119000
us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
784093000
enva Loans And Lease Receivables Repayments
LoansAndLeaseReceivablesRepayments
2120147000
enva Loans And Lease Receivables Charge Offs Net
LoansAndLeaseReceivablesChargeOffsNet
320475000
enva Loans And Lease Receivables Net Change In Fair Value
LoansAndLeaseReceivablesNetChangeInFairValue
63004000
enva Loans And Lease Receivables Foreign Currency Translation
LoansAndLeaseReceivablesForeignCurrencyTranslation
567000
CY2022Q2 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
2460851000
CY2020Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
1241506000
enva Loans And Lease Receivables Originations Or Acquisitions
LoansAndLeaseReceivablesOriginationsOrAcquisitions
1152120000
us-gaap Interest And Fee Income Loans Consumer
InterestAndFeeIncomeLoansConsumer
517370000
enva Loans And Lease Receivables Repayments
LoansAndLeaseReceivablesRepayments
1475794000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36801000
CY2021Q2 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
1408703000
CY2022Q2 enva Third Party Lender Owned Consumer Loans At Fair Value
ThirdPartyLenderOwnedConsumerLoansAtFairValue
17900000
CY2021Q2 enva Third Party Lender Owned Consumer Loans At Fair Value
ThirdPartyLenderOwnedConsumerLoansAtFairValue
10800000
CY2021Q4 enva Third Party Lender Owned Consumer Loans At Fair Value
ThirdPartyLenderOwnedConsumerLoansAtFairValue
18800000
CY2022Q2 enva Third Party Lender Owned Consumer Loans Principal Balance
ThirdPartyLenderOwnedConsumerLoansPrincipalBalance
11900000
CY2021Q2 enva Third Party Lender Owned Consumer Loans Principal Balance
ThirdPartyLenderOwnedConsumerLoansPrincipalBalance
8300000
CY2021Q4 enva Third Party Lender Owned Consumer Loans Principal Balance
ThirdPartyLenderOwnedConsumerLoansPrincipalBalance
11800000
CY2022Q2 enva Third Party Lender Owned Consumer Loans
ThirdPartyLenderOwnedConsumerLoans
14000000.0
CY2021Q2 enva Third Party Lender Owned Consumer Loans
ThirdPartyLenderOwnedConsumerLoans
9700000
CY2021Q4 enva Third Party Lender Owned Consumer Loans
ThirdPartyLenderOwnedConsumerLoans
13800000
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6353000
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9001000
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7608000
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1284000
CY2021Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
2153000
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1582000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
1840665000
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
1028488000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1384399000
CY2022Q2 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0584
CY2021Q2 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0820
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.246
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
64700000
CY2022Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
10400000
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
39100000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
44100000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
52401000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
80177000
us-gaap Net Income Loss
NetIncomeLoss
104844000
us-gaap Net Income Loss
NetIncomeLoss
156097000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32497000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32933000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36457000
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
987000
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1341000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1248000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1359000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33484000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38142000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34181000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37816000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.61
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.28
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.56
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.13
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2022Q2 us-gaap Revenues
Revenues
407990000
CY2021Q2 us-gaap Revenues
Revenues
264720000
us-gaap Revenues
Revenues
793721000
us-gaap Revenues
Revenues
524164000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
88600000
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
80400000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
78400000
CY2022Q2 enva Fair Value Assets Transfers Amount
FairValueAssetsTransfersAmount
0
enva Fair Value Assets Transfers Amount
FairValueAssetsTransfersAmount
0
CY2022Q2 enva Fair Value Liabilities Transfers Amount
FairValueLiabilitiesTransfersAmount
0
enva Fair Value Liabilities Transfers Amount
FairValueLiabilitiesTransfersAmount
0

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