Credit Acceptance Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
For the year ended December 31, 2012, consolidated net income was $219.7 million, or $8.58 per diluted share, compared to consolidated net income of $188.0 million, or $7.07 per diluted share, for the same period in 2011. For the year ended December 31, 2012, adjusted net income was $216.2 million, or $8.45 per diluted share, compared to adjusted net income of $194.1 million, or $7.30 per diluted share, for the same period in 2011. Total revenue was $609.2 million compared to $525.2 million a year ago period. Income before provision for income taxes was $343.1 million compared to $296.4 million a year ago period. Net cash provided by operating activities was $308.6 million compared to $275.7 million a year ago period. Purchases of property and equipment were $8.8 million compared to $6.3 million a year ago period.