| Address:
|
P.O. BOX 844
WELSH & MCKEAN ROADS |
| City: |
SPRING HOUSE |
|
State: |
PA |
|
Zip Code: |
19477 |
| Telephone: |
215-444-5341 |
|
Description of Business
|
Primary SIC Code:
6141 |
| (As filed with the SEC)
|
|
|
In this Form 10-K, "Advanta", "we", "us" and "our" refer to Advanta Corp. and
its subsidiaries, unless the context otherwise requires.
COMPANY OVERVIEW
Advanta is one of the nation's largest credit card issuers (through Advanta Bank
Corp.) in the small business market. We issue business purpose credit cards to
small businesses and business professionals. Our business credit card accounts
provide approved customers with unsecured revolving business credit lines.
Advanta's exclusive focus on the small business market, as well as our size,
experience in the small business market and commitment to developing meaningful
product offerings and a high level of service tailored to the needs of small
businesses, differentiate us from other credit card issuers. We use our direct
marketing and information based expertise to identify potential customers. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2009 | -12.96 | NA | N/E | | 06/2009 | -11.54 | NA | N/E | | 03/2009 | -3.31 | 0.025 | N/E | | 12/2008 | -1.01 | 0.212 | N/E | | 09/2008 | 0.30 | 0.212 | 27.43 | | 06/2008 | 1.20 | 0.212 | 5.24 | | 03/2008 | 1.61 | 0.212 | 4.37 | | 12/2007 | 1.64 | 0.212 | 4.92 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | -0.21 | Total Liab/Total Assets | 0.86 | | Net Inc/Total Assets | -0.01 | Total Liab/Inv Cap | 0.86 | | Net Inc/Inv Cap | -0.01 | Total Liab/Comm Equity | 14.44 | | Pretax Inc/Net Sales | -0.13 | Interest Coverage Ratio | -1.61 | | Net Inc/Net Sales | -0.09 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.52 | LTD/Equity | 0.71 | | SG&A/NetSales | 0.55 | Total Debt/Equity | 0.71 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 0.49 | Quick Ratio | NA | | Inventory Turnover | NA | Current Ratio | NA | | Inventory Day Sales | NA | Net Rec/Curr Assets | NA | | Net Sales/Work Cap | NA | Inv/Curr Assets | NA | | Net Sales/PP&E | 30.29 | | |
Income Statement (Millions) |
| |
6/30/2009
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
|
Total Revenues(Net Sales)
|
74.50
|
90.10
|
98.34
|
104.05
|
|
Cost of Goods Sold
|
23.52
|
25.53
|
26.41
|
22.23
|
|
Selling & Admin Exps
|
86.07
|
72.16
|
43.87
|
102.13
|
|
Operating Income
|
-246.72
|
-111.49
|
-61.53
|
-29.11
|
|
Interest Exp
|
4.79
|
5.29
|
6.14
|
6.51
|
|
Pretax Income
|
-251.51
|
-116.77
|
-67.67
|
-35.63
|
|
Other Income
|
NA
|
NA
|
NA
|
NA
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-330.07
|
-75.91
|
-46.94
|
-19.26
|
|
Assets
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
|
Cash & Short Term Investments
|
1,564.62
|
1,496.14
|
1,659.13
|
1,235.84
|
|
Receivables - Total
|
1,017.23
|
862.98
|
749.58
|
417.11
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
NA
|
NA
|
NA
|
NA
|
|
Net Property, Plant & Equipment
|
12.85
|
15.18
|
16.76
|
18.02
|
|
Total Assets
|
3,128.98
|
3,398.87
|
3,585.05
|
3,174.74
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
47.91
|
151.48
|
NA
|
35.41
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Long-Term Debt
|
305.25
|
286.40
|
359.69
|
422.84
|
|
Total Liabilities
|
3,031.76
|
2,971.17
|
3,077.68
|
2,609.15
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
1.01
|
1.01
|
1.01
|
1.01
|
|
Common Stock
|
0.47
|
0.47
|
0.47
|
0.47
|
|
Retained Earnings
|
-92.04
|
238.03
|
315.07
|
370.81
|
|
Treasury Stock
|
-37.48
|
-37.48
|
-37.42
|
-37.42
|
|
Total Stockholders' Equity
|
97.22
|
427.71
|
507.36
|
565.59
|
|
Total Liabilities and Stockholders' Equity
|
3,128.98
|
3,398.87
|
3,585.05
|
3,174.74
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
|
Net Cash Provided by Operating Activities
|
-523.64
|
-34.83
|
88.98
|
177.38
|
|
Net Cash Provided by Investing Activities
|
391.60
|
276.93
|
-820.70
|
79.65
|
|
Net Cash Provided by Financing Activities
|
124.30
|
-241.10
|
547.33
|
-128.13
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 394.55 | 44.74 | 1.08 | | 12/2005 | 498.12 | 110.43 | 2.69 | | 12/2006 | 507.71 | 84.99 | 1.92 | | 12/2007 | 562.14 | 72.05 | 1.64 | | 12/2008 | 507.68 | -43.82 | -1.01 | | Growth Rates | 6.51 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 09/30/09 | 59 | 9,328 | 31.35 |
|
Report Date :
11/16/2009
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