First Acceptance Revenue, Profits - FAC Annual Income Statement

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$0.84 $0.01 (1.18%) FAC stock closing price Mar 20, 2018 (Closing)

Looking at financial statements, along with the First Acceptance stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. The income statement gives the investor an understanding of the topline or revenue and bottomline or profit numbers of the company and helps investors evaluate if a company has been growing or not. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from 331.89M to 389.62M and how operating and non operating activities have impacted the FAC stock. The First Acceptance profit and loss statement for 2016 shows a net profit of $-29.28M. Profits for last year was $-1.93M. Apart from this an investor should also check First Acceptance assets and First Acceptance free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Fiscal year is Jan - Dec201620152014201320122011201020092008
First Acceptance Revenues or Net Sales
Cost Of Goods Sold (COGS)425.51M324.28M248.81M225.66M230.35M-51.73M49.58M59.06M
First Acceptance Gross Profit
Research & Development Expense---------
Selling General & Admin Expense1.42M4.94M1.18M1.23M1.52M--1.12M5.91M
Income Before Depreciation Depletion Amortization-37.31M2.65M13.19M13.62M-3.81M--0.51M3.06M-
Depreciation Depletion Amortization3.49M2.26M1.76M2.05M2.2M----
Non Operating Income---------
Interest Expense4.31M2.96M1.7M1.73M3.02M---1.03M
First Acceptance Pretax Income
Provision for Income Taxes-15.84M-0.64M-18.34M--0.01M----0.38M
Investment Gains Losses---------
Other Income---------
Income Before Extraordinaries & Disc Operations-29.28M-1.93M28.06M9.18M-9.04M--2.09M1.47M-1M
Extraordinary Items & Discontinued Operations---------
First Acceptance Profit/ Loss (Net Income)
Average Shares used to compute Diluted EPS41.09M41.03M41.28M--48.12M48.64M47.66M47.63M
Average Shares used to compute Basic EPS41.09M41.03M40.99M--48.12M47.96M47.66M47.63M
Income Before Nonrecurring Items-32.47M-28.07M---2.41M7.36M9.84M-13.28M
Income from Nonrecurring Items3.18M-2.46M----54.37M-0.32M-78.14M-4.57M
First Acceptance Earnings Per Share Basic Net
First Acceptance Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items-0.790.010.680.22-0.27-
Preferred Dividends Acc Pd---------
Dividends Common---------
Dividend Per Share Common0.
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on First Acceptance stock analysis. An investor must check the following items in an income statement:

  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that FAC stock has a topline or revenue of $389.62M for 2016 as per this First Acceptance revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. FAC stock had a poor bottom line growth.

The income statement is also called the profit and loss statement. Apart from the FAC income statement, one can check the First Acceptance historical stock prices to check how the price has moved with time.

First Acceptance Income Statement - Key Financial Ratios

PS Ratio (price sales ratio)
Operating Margin
Dividend Yield