Filing Flows

Filing Flows › Companies › Credit Acceptance › Cash flow

Credit Acceptance cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$334M in Q3 2026 · $1.3B over twelve months

Operating cash flow$336M
Capital spending−$1.4M
Free cash flow+$334M

Analysis

In Q3 2026, Credit Acceptance generated $336M of operating cash flow and spent $1.4M on capital projects, leaving free cash flow of $334M. That is $35.3M more than in Q3 2025 ($299M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.3B; the largest uses were other investing ($1.0B), buybacks ($673M), capital spending ($4.7M); besides operations, cash came from other financing ($266M), shares issued ($107M); the cash balance rose by $19.4M.

Operating cash flow was $336M against net income of −$56.6M. The largest differences: payables +$28.5M, deferred taxes −$10.8M, stock-based pay +$10.6M.

Free cash flow

Credit Acceptance: free cash flow by quarterCredit Acceptance: free cash flow by quarter$306MQ4 2024$346MQ1 2025$139MQ2 2025$299MQ3 2025$269MQ4 2025$346MQ1 2026$308MQ2 2026$334MQ3 2026
Operating cash flow less capital spending.
Credit Acceptance: operating cash flow against capital spendingCredit Acceptance: operating cash flow against capital spendingOperating cash flowCapital spending$306M$700KQ4 2024$346M$300KQ1 2025$140M$300KQ2 2025$299M$600KQ3 2025$269M$400KQ4 2025$347M$1.3MQ1 2026$310M$1.6MQ2 2026$336M$1.4MQ3 2026
Latest (Q3 2026): Operating cash flow $336M, Capital spending $1.4M.

Capital allocation, year by year

Credit Acceptance: where the cash came from (up) and went (down), by fiscal yearCredit Acceptance: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY2021: Operating cash flow $1.1BFY2021: Net borrowing −$93.3MFY2021: Shares issued $11.8MFY2021: Capital spending −$7.6MFY2021: Buybacks −$1.5B$1.1BFY2021FY2022: Operating cash flow $1.2BFY2022: Net borrowing $28.3MFY2022: Shares issued $15.1MFY2022: Capital spending −$3.1MFY2022: Buybacks −$784M$1.3BFY2022FY2023: Operating cash flow $1.2BFY2023: Net borrowing $248MFY2023: Shares issued $5.2MFY2023: Capital spending −$4.0MFY2023: Buybacks −$203M$1.5BFY2023FY2024: Operating cash flow $1.1BFY2024: Net borrowing −$79.1MFY2024: Shares issued $15.6MFY2024: Asset sales $3.2MFY2024: Capital spending −$1.8MFY2024: Buybacks −$313M$1.2BFY2024FY2025: Operating cash flow $1.1BFY2025: Net borrowing $207MFY2025: Shares issued $23.5MFY2025: Asset sales $3.2MFY2025: Capital spending −$1.6MFY2025: Buybacks −$725M$1.3BFY2025
Over these 5 years operating cash flow totalled $5.7B; the largest uses were buybacks ($3.5B) and net borrowing ($172M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.3M
Debtnone
Net cash$1.3M

Credit Acceptance funds itself: free cash flow was $1.3B over the last twelve months, with $1.3M of cash and investments and no debt on the balance sheet.

Credit Acceptance: debt maturities by year (FY2025)Credit Acceptance: debt maturities by year (FY2025)$2.2BYear 2$1.3BYear 3$139MYear 4$500MYear 5
Principal due in each year as disclosed in the annual report, against $1.3M of cash and investments now.

Where the cash came from and went

Credit Acceptance: sources (+) and uses (−) of cash, Q3 2026Credit Acceptance: sources (+) and uses (−) of cash, Q3 2026Other investing−$594MOther financing$388MOperating cash flow$336MBuybacks−$162MNet borrowing (+) / repaid (−)$49.4MCash drawn (+) / kept (−)−$26.1MShares issued$10.1MCapital spending−$1.4M
Credit Acceptance: sources (+) and uses (−) of cash, TTM to Q3 2026Credit Acceptance: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$1.3BOther investing−$1.0BBuybacks−$673MOther financing$266MShares issued$107MNet borrowing (+) / repaid (−)$78.5MCash drawn (+) / kept (−)−$19.4MCapital spending−$4.7M

From profit to cash

Credit Acceptance: net income to operating cash flow, Q3 2026Credit Acceptance: net income to operating cash flow, Q3 2026Net income−$56.6MDepreciation & amortization$500KStock-based pay$10.6MDeferred taxes−$10.8MPayables$28.5MPrepaid and other assets−$3.5MIncome taxes payable−$4.3MOperating cash flow$336M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$336M−$1.4M−$162M$49.4M$10.1M−$26.1M$334M
Q2 2026$310M−$1.6M−$141M−$41.8M$72.1M$59.3M$308M
Q1 2026$347M−$1.3M−$179M$50.1M$23.0M−$50.7M$346M
Q4 2025$269M−$400K−$191M−$41.4M$1.5M−$1.9M$269M
Q3 2025$299M−$600K−$107M$147M$10.9M$65.0M$299M
Q2 2025$140M−$300K−$262M$100K$5.5M$557M$139M
Q1 2025$346M−$300K−$164M$101M$5.6M−$276M$346M
Q4 2024$306M−$700K−$61.4M−$900K$1.0M−$129M$306M

Credit Acceptance: income statement and cash flow

Credit Acceptance, Q3 2026: revenue $595M (+2% year over year), operating margin -12.4%. The chart follows the revenue to costs, profit and cash.

Credit Acceptance: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.