Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1529864/000156459021009434/enva-10k_20201231.htm
November 2023
November 2023
October 2023
October 2023
October 2023
September 2023
July 2023
July 2023
July 2023
July 2023
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of Earliest Event Reported):
(Exact name of registrant as specified in its charter)
|
|
|
(State or other jurisdiction of incorporation) |
(Commission File No.) |
(IRS Employer Identification No.) |
175 West Jackson Boulevard
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code:
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class |
Trading symbol(s) |
Name of Exchange of which registered |
|
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1529864/000156459021009434/enva-10k_20201231.htm
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Enova International, Inc..
Enova International, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:
Rating
Learn More![]()
We also believe that investors regularly rely on non-GAAP financial measures, such as the Adjusted Earnings Measures, to assess operating performance and that such measures may highlight trends in our business that may not otherwise be apparent when relying on financial measures calculated in accordance with GAAP.
The effective tax rate from continuing operations of 13.1% in 2020 was lower than the 24.7% rate recorded in 2019 due primarily to the remeasurement of unrecognized tax benefits, non-taxable bargain purchase gain and, to a lesser extent, nondeductible executive compensation and the loss of excess tax benefits related to stock based compensation.
Marketing expense decreased $45.3 million, or 39.4%, to $69.8 million in 2020 compared to $115.1 million in 2019, primarily due to the strategic reduction of marketing spend beginning late first quarter of 2020 to mitigate risks associated with the COVID-19 pandemic.
The combined ending loan balance, including principal and accrued fees/interest outstanding, of small business loans and finance receivables at December 31, 2020 increased 308.5% to $691.1 million compared to $169.2 million at December 31, 2019, due primarily to the acquisition of OnDeck during the fourth quarter of 2020, partially offset by lower originations driven by our strategic efforts to mitigate risks associated with the COVID-19 pandemic since March 2020.
We expect that our operating needs, including satisfying our obligations under our debt agreements and funding our working capital growth, will be satisfied by a combination of cash flows from operations, borrowings under the Credit Agreement, or any refinancing, replacement thereof or increase in borrowings thereunder, and securitization or sale of loans and finance receivables under our loan securitization facilities.
Our book value per share...Read more
As of December 31, 2020,...Read more
On November 5, 2020, we...Read more
The balance of unrecognized tax...Read more
Compliance with LGPD may increase...Read more
The change in revenue was...Read more
Our gross profit margin increased...Read more
In most circumstances, this is...Read more
To the extent we experience...Read more
The increase of stockholders' equity...Read more
The combined ending loan balance,...Read more
The average amount outstanding per...Read more
The average amount outstanding per...Read more
The ending loan balance, including...Read more
On January 31, 2019, we...Read more
Our cash flows and other...Read more
As origination costs are no...Read more
Unexpected changes in our financial...Read more
The average amount outstanding per...Read more
The computation of Adjusted EBITDA...Read more
The outstanding loan balance for...Read more
The average amount outstanding per...Read more
We analyze several factors, including...Read more
Operations and technology expense increased...Read more
Interest expense, net decreased $3.7...Read more
Despite our higher than normal...Read more
Depreciation and amortization expense increased...Read more
The closing of the Joint...Read more
On a constant currency basis,...Read more
On a constant currency basis,...Read more
On a constant currency basis,...Read more
General and administrative expense increased...Read more
Effective January 1, 2020, we...Read more
On a constant currency basis,...Read more
The following tables show loan...Read more
We believe Adjusted EBITDA is...Read more
The combined ending loan balance,...Read more
2020 comparison to 2019 Net...Read more
Both delinquencies and charge-offs have...Read more
After improvements in unemployment claims...Read more
Our loan and finance receivable...Read more
The percentage of loans and...Read more
Adjusted EBITDA is also useful...Read more
Operations and technology expense increased...Read more
Prior to 2020, origination fees...Read more
The following describes the primary...Read more
In addition, we believe that...Read more
On January 13, 2021, the...Read more
The EEA applies to consumer...Read more
The income approach includes assumptions...Read more
Charge-offs (net of recoveries) as...Read more
Revenue increased $202.2 million, or...Read more
The combined loan and finance...Read more
In these cases, the period...Read more
Our excess cash may be...Read more
The decrease was driven primarily...Read more
Marketing expense increased $19.1 million,...Read more
The decrease was primarily driven...Read more
Total expenses increased $2.7 million,...Read more
Total expenses increased $30.0 million,...Read more
Goodwill represents the excess of...Read more
We believe that our non-GAAP...Read more
The payment status of a...Read more
With the acquisition of OnDeck,...Read more
Our gross profit increased by...Read more
The increase was partially offset...Read more
Depreciation and amortization expense increased...Read more
Additionally, the mix of lower...Read more
The combined loan and finance...Read more
The increase in average debt...Read more
These ratios decreased during the...Read more
See "-Non-GAAP Financial Measures-Combined Loans...Read more
See "-Non-GAAP Financial Measures-Combined Loans...Read more
The fair value takes into...Read more
General and administrative expense increased...Read more
We elected to access our...Read more
The statute of limitations related...Read more
The following table provides reconciliations...Read more
The combined loan and finance...Read more
This non-GAAP financial information may...Read more
The following table shows the...Read more
The increases in both the...Read more
Cash flows provided by financing...Read more
Consequently, the associated fair values...Read more
We believe that these non-GAAP...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Enova International, Inc. provided additional information to their SEC Filing as exhibits
Ticker: ENVA
CIK: 1529864
Form Type: 10-K Annual Report
Accession Number: 0001564590-21-009434
Submitted to the SEC: Fri Feb 26 2021 4:16:29 PM EST
Accepted by the SEC: Fri Feb 26 2021
Period: Thursday, December 31, 2020
Industry: Personal Credit Institutions