What does provision for credit losses mean?

Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

WEX WEX Provision for Credit Losses

Discontinued — last reported Q2 '17

Provision for Credit Losses at other companies

U.S. BancorpUSB

$576M+7.3%

Affirm Holdings, Inc.AFRM

$196.54M+33.5%

Willis Towers WatsonWTW

$6M+20.0%

Segments

By segment

See full

Mobility$25.6M+84.2%

Corporate Payments$4.3M+43.3%

Benefits-$600K+40.0%

Other financials

Income statement

See full

Revenue$673.8M+5.8%

Gross profit$393.7M+7.4%

Operating income$158.2M+0.6%

Net income$77.7M+8.7%

EPS (diluted)$2.22+22.7%

Balance sheet

See full

Cash & equivalents$1.2B-2.9%

Total debt$5.2B-6.2%

Total equity$1.3B+57.3%

Total assets$15.4B+10.5%

Cash flow

See full

Operating cash flow-$330.8M+31.3%

CapEx$37.5M+15.0%

Free cash flow-$368.3M+28.4%

Valuation

See full

Market cap$4.42B-13.8%

Profitability

See full

Gross margin58.8%-1.3pp

Operating margin24.6%-1.4pp

Net margin11.5%-0.6pp

FCF margin17%+16.8pp

Returns & leverage

See full

Return on equity29.8%+5.4pp

Debt / equity4.1×-2.8×

Current ratio1×0.0×

Where this comes from

Reported directly by WEX in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForLoanLeaseAndOtherLosses.

The official record: WEX’s 10-Q, filed August 9, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does provision for credit losses mean?: Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.