[Part I: FINANCIAL INFORMATION](index=4&type=section&id=Part%20I%3A%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements (unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) The company presents its unaudited condensed consolidated financial statements for the third quarter of 2021 [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets slightly decreased while stockholders' equity significantly increased due to strong net income Condensed Consolidated Balance Sheet Highlights (in millions) | Account | Sep 30, 2021 | Dec 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$22,257.3** | **$22,547.1** | | Credit card and loan receivables, net | $14,045.1 | $14,776.4 | | Cash and cash equivalents | $3,172.2 | $3,081.5 | | **Total Liabilities** | **$20,011.7** | **$21,025.5** | | Deposits | $9,885.5 | $9,792.6 | | Non-recourse borrowings | $4,588.7 | $5,709.9 | | **Total Stockholders' Equity** | **$2,245.6** | **$1,521.6** | [Condensed Consolidated Statements of Income](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Net income surged year-over-year, driven by a substantial reduction in the provision for loan loss Consolidated Income Statement Highlights (in millions, except per share data) | Metric | Q3 2021 | Q3 2020 | 9 Months 2021 | 9 Months 2020 | | :--- | :--- | :--- | :--- | :--- | | Total Revenue | $1,099.3 | $1,050.5 | $3,196.5 | $3,411.5 | | Provision for loan loss | $161.1 | $207.7 | $180.3 | $1,113.7 | | Operating Income | $382.8 | $291.0 | $1,359.3 | $629.6 | | **Net Income** | **$223.7** | **$133.3** | **$783.4** | **$201.7** | | Diluted EPS | $4.47 | $2.79 | $15.68 | $4.23 | [Condensed Consolidated Statements of Comprehensive Income](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) Total comprehensive income grew significantly, reflecting strong net income performance Comprehensive Income (in millions) | Metric | Q3 2021 | Q3 2020 | 9 Months 2021 | 9 Months 2020 | | :--- | :--- | :--- | :--- | :--- | | Net Income | $223.7 | $133.3 | $783.4 | $201.7 | | Other comprehensive (loss) income, net of tax | $(23.1) | $39.8 | $(51.2) | $52.2 | | **Total comprehensive income, net of tax** | **$200.6** | **$173.1** | **$732.2** | **$253.9** | [Condensed Consolidated Statements of Stockholders' Equity](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) Stockholders' equity grew substantially, driven by net income and a major treasury stock retirement - Total stockholders' equity increased to **$2,245.6 million** at September 30, 2021, from $1,521.6 million at December 31, 2020[16](index=16&type=chunk) - In Q3 2021, the company retired **67.4 million shares of treasury stock**, which had a cost of $6,733.9 million, with no impact on total stockholders' equity[13](index=13&type=chunk)[124](index=124&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) The company generated positive cash flow from operations and investing, offset by financing outflows Cash Flow Summary for the Nine Months Ended Sep 30 (in millions) | Cash Flow Activity | 2021 | 2020 | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,208.0 | $1,488.6 | | Net cash provided by investing activities | $380.7 | $3,364.8 | | Net cash used in financing activities | $(1,157.1) | $(5,064.3) | | **Change in cash, cash equivalents and restricted cash** | **$427.4** | **$(207.2)** | [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Disclosures detail the LoyaltyOne spinoff, segment performance, credit quality, and legal contingencies - The company's Board of Directors approved the separation of its LoyaltyOne segment into an independent, publicly traded company, Loyalty Ventures Inc, expected to be completed on **November 5, 2021**[24](index=24&type=chunk) - For Q3 2021, the **LoyaltyOne segment** generated $169.3 million in revenue, while the **Card Services segment** generated $930.0 million in revenue[28](index=28&type=chunk)[147](index=147&type=chunk) - The allowance for loan loss decreased to **$1,644.8 million** from $2,008.0 million at year-end 2020 due to improved credit performance and macroeconomic variables[54](index=54&type=chunk)[55](index=55&type=chunk) - The company recorded a **$150.0 million liability** related to an indemnification obligation to Publicis Groupe S.A. for a DOJ investigation concerning Epsilon[116](index=116&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=37&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management analyzes strong net income growth, the LoyaltyOne spinoff, and improved credit performance - The planned spinoff of the LoyaltyOne segment into Loyalty Ventures Inc was approved by the Board on October 13, 2021, with an expected completion date of **November 5, 2021**[157](index=157&type=chunk) - Credit performance remained strong, with the net loss rate improving to **3.9% in Q3 2021** from 5.8% in Q3 2020, and the delinquency rate falling to **3.8%** from 4.7%[161](index=161&type=chunk)[209](index=209&type=chunk) - The company's bank subsidiaries, Comenity Bank and Comenity Capital Bank, **remain well capitalized**, with all capital ratios significantly exceeding minimum requirements[229](index=229&type=chunk) Nine-Month Performance Comparison (2021 vs 2020) | Metric | 9 Months 2021 | 9 Months 2020 | % Change | | :--- | :--- | :--- | :--- | | Revenue | $3,196.5M | $3,411.5M | (6)% | | Provision for loan loss | $180.3M | $1,113.7M | (84)% | | Income before income taxes | $1,056.8M | $248.3M | 326% | | Net Income | $783.4M | $201.7M | 288% | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=48&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company reports no material changes to its primary market risks since the 2020 year-end - The company's primary market risks are identified as **interest rate risk, credit risk, and foreign currency exchange rate risk**[236](index=236&type=chunk) - There has been **no material change** in the company's exposure to these market risks since the 2020 year-end report[236](index=236&type=chunk) [Item 4. Controls and Procedures](index=48&type=section&id=Item%204.%20Controls%20and%20Procedures) Management confirms the effectiveness of disclosure controls and internal controls over financial reporting - The CEO and CFO concluded that the company's disclosure controls and procedures were **effective** as of the end of the third fiscal quarter, September 30, 2021[238](index=238&type=chunk) - There were **no material changes** to the company's internal control over financial reporting during the third quarter of 2021[237](index=237&type=chunk) [Part II: OTHER INFORMATION](index=49&type=section&id=Part%20II%3A%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=49&type=section&id=Item%201.%20Legal%20Proceedings) The company faces ordinary course legal claims not expected to have a material adverse effect - The company is involved in ordinary course claims and lawsuits that are **not expected to be materially adverse**[239](index=239&type=chunk) - A key legal matter mentioned is the indemnification related to the DOJ investigation, as detailed in **Note 14** of the financial statements[116](index=116&type=chunk)[239](index=239&type=chunk) [Item 1A. Risk Factors](index=49&type=section&id=Item%201A.%20Risk%20Factors) New risk factors are disclosed related to the planned spinoff of the LoyaltyOne segment - A new risk factor is introduced concerning the planned spinoff of the LoyaltyOne segment, which **may not be completed** on the contemplated terms or timeline, or at all[240](index=240&type=chunk) - Risks associated with the spinoff include potential **business disruption**, failure to realize expected benefits, loss of synergies, and the possibility that the transaction may not be tax-free[243](index=243&type=chunk) - Following the spinoff, the trading price of ADSC common stock is expected to be lower and **may fluctuate significantly**[244](index=244&type=chunk)[246](index=246&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=50&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company details common stock purchases made for its employee 401(k) and savings plan - The shares purchased were for the company's 401(k) and Retirement Savings Plan and were **not part of any publicly announced repurchase programs**[247](index=247&type=chunk)[248](index=248&type=chunk) Common Stock Purchases (Q3 2021) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | July 1-31 | 1,907 | $98.08 | | August 1-31 | 6,391 | $93.35 | | September 1-30 | 2,326 | $101.57 | | **Total** | **10,624** | **$96.00** | [Item 6. Exhibits](index=51&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the report, including credit agreements and certifications - Key exhibits filed include the Seventh Amendment to the Amended and Restated Credit Agreement and First Supplemental Indentures related to existing debt[250](index=250&type=chunk)[251](index=251&type=chunk) - Certifications by the Chief Executive Officer and Chief Financial Officer as required by Rule 13a-14(a) and Rule 13a-14(b) are included as exhibits[251](index=251&type=chunk)[253](index=253&type=chunk)

Alliance Data Systems Corporation (ADS) Q3 2021 Earnings Conference Call October 28, 2021 8:30 AM ET Company Participants Brian Vereb - Head, IR Ralph Andretta - President & CEO Perry Beberman - EVP & CFO Valerie Greer - EVP, CCO, Card Services Tammy McConnaughey - EVP, Operations and Credit Risk, Card Services Conference Call Participants Sanjay Sakhrani - KBW Bob Napoli - William Blair John Pancari - Evercore Bill Carcache - Wolfe Research Mihir Bhatia - Bank of America Jeff Adelson - Morgan Stanley Meng ...

Alliance Data Third Quarter 2021 Results Ralph Andretta President & CEO Perry Beberman EVP & CFO October 28, 2021 © 2021 ADS Alliance Data Systems, Inc. Forward-Looking Statements This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as "believe," "expect," "an ...

Index UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-15749 ALLIANCE DATA SYSTEMS CORPORATION (Exact name of registrant as specified in its charter) Delaware 31-1429215 (State ...

Alliance Data Systems Corporation (ADS) Q2 2021 Earnings Conference Call July 29, 2021 8:30 AM ET Company Participants Brian Vereb - Head, IR Ralph Andretta - President & CEO Perry Beberman - EVP & CFO Conference Call Participants Robert Napoli - William Blair Sanjay Sakhrani - KBW Mihir Bhatia - Bank of America Jeff Adelson - Morgan Stanley John Pancari - Evercore ISI Meng Jiao - Deutsche Bank David Scharf - JMP Securities Dominick Gabriele - Oppenheimer Reggie Smith - JPMorgan Operator Good morning, and w ...

Financial Performance - Revenue increased by 3% year-over-year to $1.012 billion[10, 30] - Net income reached $273 million, including a $208 million net reserve release[10] - Diluted EPS was $5.47[10] - Credit sales increased significantly by 54% year-over-year to $7.401 billion, and 22% compared to 1Q21[10, 44] - Average receivables decreased by 5% year-over-year[10] - Total expenses excluding provision for loan loss declined 4%[10, 30] - Total earnings before tax (EBT) increased 691% to $372 million[30, 32] Segment Performance - Card Services revenue was $861 million, a 4% increase[32] - LoyaltyOne revenue remained flat at $151 million[32] - Card Services EBT was $404 million, a significant increase of 475%[32] - LoyaltyOne EBT was $24 million, a 2% increase[32] Key Business Metrics - AIR MILES reward miles issued increased 8% year-over-year to 1,139 million[44] - AIR MILES reward miles redeemed increased 32% year-over-year to 800 million[44] - Principal loss rate was 5.1%, a decrease of 2.5%[44]

[Part I: FINANCIAL INFORMATION](index=4&type=section&id=Part%20I%3A%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements (unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) The unaudited financial statements show net income surged to $286.2 million, driven by a 95% decrease in loan loss provision, while total assets decreased to $21.2 billion [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $21.16 billion from $22.55 billion, primarily due to reduced credit card and loan receivables, while stockholders' equity increased Condensed Consolidated Balance Sheet Highlights (in millions) | Account | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $2,858.6 | $3,081.5 | | Credit card and loan receivables, net | $13,693.3 | $14,776.4 | | **Total assets** | **$21,162.9** | **$22,547.1** | | **Liabilities & Equity** | | | | Deposits | $9,956.9 | $9,792.6 | | Non-recourse borrowings | $3,845.8 | $5,709.9 | | Long-term and other debt | $2,782.9 | $2,805.7 | | **Total liabilities** | **$19,398.6** | **$21,025.5** | | **Total stockholders' equity** | **$1,764.3** | **$1,521.6** | [Condensed Consolidated Statements of Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Net income significantly increased to $286.2 million from $30.0 million, primarily due to a substantial reduction in the provision for loan loss Consolidated Statements of Income (in millions, except per share data) | Metric | Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | | :--- | :--- | :--- | | Total revenue | $1,084.9 | $1,381.8 | | Provision for loan loss | $33.4 | $655.9 | | Total operating expenses | $581.8 | $1,217.8 | | Operating income | $503.1 | $164.0 | | Net income | $286.2 | $30.0 | | Diluted net income per share | $5.74 | $0.63 | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow remained strong at $517.2 million, while net cash used in financing activities led to a net decrease in cash and equivalents Cash Flow Summary (in millions) | Activity | Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | | :--- | :--- | :--- | | Net cash provided by operating activities | $517.2 | $572.5 | | Net cash provided by investing activities | $1,009.0 | $1,746.3 | | Net cash used in financing activities | $(1,740.8) | $(1,503.4) | | **Change in cash, cash equivalents and restricted cash** | **$(216.3)** | **$807.8** | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Detailed disclosures cover accounting policies, revenue, credit receivables, debt, and segment performance, highlighting Card Services' profitability recovery [Note 2. REVENUE](index=11&type=section&id=Note%202.%20REVENUE) Total revenue for Q1 2021 was $1.08 billion, primarily from Card Services, with the United States as the largest geographical contributor Revenue by Segment (in millions) | Segment | Q1 2021 | Q1 2020 | | :--- | :--- | :--- | | LoyaltyOne | $176.6 | $198.1 | | Card Services | $908.3 | $1,183.6 | | Corporate/Other | $0.0 | $0.1 | | **Total** | **$1,084.9** | **$1,381.8** | Revenue by Geography (in millions, Q1 2021) | Region | Revenue | | :--- | :--- | | United States | $909.2 | | Canada | $80.0 | | Europe, Middle East and Africa | $79.4 | | Asia Pacific | $14.9 | | Other | $1.4 | | **Total** | **$1,084.9** | [Note 6. CREDIT CARD AND LOAN RECEIVABLES](index=18&type=section&id=Note%206.%20CREDIT%20CARD%20AND%20LOAN%20RECEIVABLES) Credit card and loan receivables decreased to $15.54 billion, with the allowance for loan loss and delinquency rates also improving Allowance for Loan Loss Rollforward (in millions) | Description | Three Months Ended March 31, 2021 | | :--- | :--- | | Balance at beginning of period | $2,008.0 | | Provision for loan loss | $33.4 | | Principal charge-offs | $(249.0) | | Recoveries | $50.9 | | **Balance at end of period** | **$1,843.3** | - The decrease in the allowance for loan loss was attributed to a decline in receivables, an improved macroeconomic outlook, and lower principal charge-offs[44](index=44&type=chunk) Delinquency Aging (Amortized Cost Basis, in millions) | Delinquency Status | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Current | $14,545.4 | $15,578.8 | | 31 to 60 days delinquent | $193.5 | $272.5 | | 61 to 90 days delinquent | $149.3 | $203.3 | | 91 days or more delinquent | $384.8 | $439.8 | | **Total Delinquent** | **$727.6** | **$915.6** | [Note 12. DEBT](index=34&type=section&id=Note%2012.%20DEBT) Total debt obligations included $2.8 billion in long-term debt and $3.9 billion in non-recourse borrowings, with the company in compliance with all financial covenants Debt Composition (in millions) | Debt Category | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Long-term and other debt | $2,809.0 | $2,834.3 | | Deposits | $9,967.3 | $9,805.1 | | Non-recourse borrowings of consolidated securitization entities | $3,851.1 | $5,715.2 | - In February 2021, **$591.5 million** of Series 2018-A asset-backed term notes matured and were repaid[90](index=90&type=chunk) - The company was in compliance with its financial covenants as of March 31, 2021[87](index=87&type=chunk) [Note 14. COMMITMENTS AND CONTINGENCIES](index=38&type=section&id=Note%2014.%20COMMITMENTS%20AND%20CONTINGENCIES) A **$150.0 million** liability was recorded for a DOJ investigation related to the former Epsilon segment, with **$75.0 million** paid and the remainder accrued - The company agreed to indemnify Publicis Groupe S.A. for losses related to a DOJ investigation concerning Epsilon's data practice[96](index=96&type=chunk) - Epsilon entered into a deferred prosecution agreement with the DOJ, agreeing to pay **$150.0 million**; the company paid the first **$75.0 million** installment in January 2021 and has the remaining **$75.0 million** recorded in accrued expenses[96](index=96&type=chunk) [Note 19. SEGMENT INFORMATION](index=45&type=section&id=Note%2019.%20SEGMENT%20INFORMATION) Card Services' income before taxes dramatically increased to $409.9 million, while LoyaltyOne's decreased, reflecting a change in segment operating profit measure - Effective Q1 2021, the company changed its measure of segment operating profit from adjusted EBITDA to income before income taxes[120](index=120&type=chunk) Segment Results (in millions) | Metric | LoyaltyOne | Card Services | Corporate/Other | Total | | :--- | :--- | :--- | :--- | :--- | | **Q1 2021 Revenues** | $176.6 | $908.3 | $— | $1,084.9 | | **Q1 2021 Income (Loss) Before Taxes** | $31.7 | $409.9 | $(47.2) | $394.4 | | **Q1 2020 Revenues** | $198.1 | $1,183.6 | $0.1 | $1,381.8 | | **Q1 2020 Income (Loss) Before Taxes** | $46.7 | $32.1 | $(53.4) | $25.4 | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=51&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes revenue decline to lower finance charges, while profitability surged due to a 95% decrease in loan loss provision and improved asset quality [Consolidated Results of Operations](index=53&type=section&id=Consolidated%20Results%20of%20Operations) Total revenue decreased 21% due to lower finance charges, but operating income surged to $503.1 million due to a 95% reduction in loan loss provision - Finance charges revenue decreased by **$273.7 million (23%)** due to a **15%** decrease in average credit card and loan receivables and an approximate **230 basis point** decrease in finance charge yield[136](index=136&type=chunk) - The provision for loan loss decreased by **$622.5 million (95%)** due to improved credit performance, lower net charge-offs, and improving macroeconomic indicators, compared to a significant reserve build in Q1 2020 due to COVID-19[141](index=141&type=chunk) [Asset Quality](index=59&type=section&id=Asset%20Quality) Asset quality significantly improved, with the total delinquency rate falling to 3.8% and the annualized net charge-off rate decreasing to 5.0% Delinquency Rate | Metric | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Total Delinquent Principal Receivables | $564.4M | $707.9M | | % of Total Receivables | 3.8% | 4.4% | Net Charge-Off Rate | Metric | Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | | :--- | :--- | :--- | | Net charge-offs as a % of average receivables | 5.0% | 7.0% | [Liquidity and Capital Resources](index=60&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity through operations, credit facilities, and deposits, with both bank subsidiaries considered well capitalized - Primary liquidity sources include cash from operations, credit agreements, debt/equity issuances, credit card securitization, and deposits from its two bank subsidiaries[161](index=161&type=chunk) - As of March 31, 2021, the company had **$10.0 billion** in deposits and **$750.0 million** in total availability under its revolving line of credit[161](index=161&type=chunk)[168](index=168&type=chunk) Bank Capital Ratios (as of March 31, 2021) | Ratio | Comenity Bank | Comenity Capital Bank | Minimum to be Well Capitalized | | :--- | :--- | :--- | :--- | | Tier 1 capital to average assets | 20.3% | 15.0% | 5.0% | | Common Equity Tier 1 capital to risk-weighted assets | 24.5% | 17.1% | 6.5% | | Total capital to risk-weighted assets | 25.8% | 18.4% | 10.0% | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=66&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes to market risks, including interest rate, credit, and foreign currency exchange rate risks, have occurred since the 2020 Annual Report - There has been no material change from the Annual Report on Form 10-K for the year ended December 31, 2020, related to exposure to market risk from interest rate risk, credit risk, and foreign currency exchange rate risk[183](index=183&type=chunk) [Item 4. Controls and Procedures](index=66&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2021, with no material changes to internal control over financial reporting - Based on an evaluation as of March 31, 2021, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures are effective[184](index=184&type=chunk) - No changes in internal control over financial reporting occurred during the first quarter of 2021 that have materially affected, or are reasonably likely to materially affect, internal control over financial reporting[185](index=185&type=chunk) [Part II: OTHER INFORMATION](index=67&type=section&id=Part%20II%3A%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=67&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course legal matters not expected to be materially adverse, with reference to the DOJ investigation indemnification - The company is involved in various claims and lawsuits arising in the ordinary course of business that are not expected to be materially adverse. The report refers to the indemnification disclosure in Note 14 regarding the DOJ investigation[186](index=186&type=chunk) [Item 1A. Risk Factors](index=67&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the Risk Factors previously disclosed in the company's 2020 Annual Report on Form 10-K were reported - No material changes to the Risk Factors from the 2020 Annual Report on Form 10-K were reported[187](index=187&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=67&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q1 2021, 15,987 shares of common stock were purchased for employee benefit plans, with no shares repurchased under publicly announced programs Common Stock Purchases (Q1 2021) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | Jan 1-31 | 3,705 | $71.12 | | Feb 1-28 | 5,829 | $85.76 | | Mar 1-31 | 6,453 | $107.63 | | **Total** | **15,987** | **$91.19** | - The shares were purchased by the administrator of the company's 401(k) and Retirement Savings Plan for employee benefit[188](index=188&type=chunk) [Item 6. Exhibits](index=68&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate governance documents, material contracts, and certifications

Alliance Data Systems Corporation (ADS) Q1 2021 Earnings Conference Call April 29, 2021 8:30 AM ET Company Participants Ralph Andretta - President & CEO Tammy Mcconnaughey - EVP of Operations & Credit Risk Brian Vereb - IR Conference Call Participants Sanjay Sakhrani - KBW Robert Napoli - William Blair Ryan Nash - Goldman Sachs Darrin Peller - Wolfe Research Mihir Bhatia - Bank of America Jeff Adelson - Morgan Stanley Dominick Gabriele - Oppenheimer. David Scharf - JMP Securities Operator Good morning, and ...

Alliance Data ©2021 ADS Alliance Data Systems, Inc. First Quarter 2021 Results April 29, 2021 Ralph Andretta – President & CEO Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as "believe," "expect," "anticipate," "estimate, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-15749 ALLIANCE DATA SYSTEMS CORPORATION (Exact name of registrant as specified in its charter) Delaware 31-1429215 ...