DT Acceptance Corp
CIK:0001493927|SEC Filings
|
Condensed Consolidated Statements Of Operations (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2013
|
Jun. 30, 2012
|
|||||||||
| Revenue: | ||||||||||||
| Sales of Used Vehicles | $ 277,539 | $ 226,124 | $ 587,007 | $ 523,259 | ||||||||
| Interest Income | 82,360 | 75,630 | 157,334 | 146,158 | ||||||||
| Dealer Finance and Other Income | 4,902 | 448 | 7,702 | 623 | ||||||||
| Total Revenue | 364,801 | 302,202 | 752,043 | 670,040 | ||||||||
| Costs and Expenses: | ||||||||||||
| Cost of Used Vehicles Sold | 187,770 | 148,254 | 399,408 | 345,416 | ||||||||
| Provision for Credit Losses | 70,313 | 51,387 | 148,155 | 111,729 | ||||||||
| Portfolio Debt Interest Expense | 10,538 | 10,564 | 20,724 | 20,918 | ||||||||
| Non- Portfolio Debt Interest Expense | 1,453 | 1,088 | 2,772 | 2,131 | ||||||||
| Senior Secured Debt Interest Expense | 7,356 | 6,610 | 13,839 | 13,216 | ||||||||
| Senior Secured Debt Interest Expense—Related Party | 158 | 0 | 316 | 0 | ||||||||
| Selling and Marketing | 8,210 | 6,311 | 17,127 | 15,780 | ||||||||
| General and Administrative | 49,978 | 40,622 | 93,687 | 82,488 | ||||||||
| General and Administrative—Related Party | 2,554 | 2,754 | 5,205 | 5,612 | ||||||||
| Depreciation Expense | 5,896 | 5,019 | 11,304 | 9,970 | ||||||||
| Total Costs and Expenses | 344,226 | 272,609 | 712,537 | 607,260 | ||||||||
| Income Before Income Taxes | 20,575 | 29,593 | 39,506 | 62,780 | ||||||||
| Income Tax Expense | 270 | 267 | 612 | 659 | ||||||||
| Net Income | 20,305 | 29,326 | 38,894 | 62,121 | ||||||||
| Net Income Attributable to Noncontrolling Interest - Inilex | 740 | [1] | 0 | [1] | 740 | [1] | 0 | [1] | ||||
| Net Income Attributable to DriveTime Consolidated | 19,565 | 29,326 | 38,154 | 62,121 | ||||||||
|
DTAC [Member]
|
||||||||||||
| Costs and Expenses: | ||||||||||||
| Net Income Attributable to Noncontrolling Interest - DTAC | (46,107) | [2] | (30,561) | [2] | (105,854) | [2] | (75,462) | [2] | ||||
|
Drive Time Automotive Group, Inc. [Member]
|
||||||||||||
| Costs and Expenses: | ||||||||||||
| Net Income Attributable to DriveTime Consolidated | $ 65,672 | $ 59,887 | $ 144,008 | $ 137,583 | ||||||||
|
||||||||||||