2021 Q2 Form 10-Q Financial Statement

#000093303621000207 Filed on August 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2019 Q1
Revenue $1.194B $683.7M $696.7M
YoY Change 74.62% 4.24% -0.19%
Cost Of Revenue $606.5M $284.2M $271.8M
YoY Change 113.4% 14.67% 4.12%
Gross Profit $587.5M $399.5M $424.9M
YoY Change 47.04% -2.09% -2.77%
Gross Profit Margin 49.2% 58.43% 60.98%
Selling, General & Admin $394.8M $323.8M $358.4M
YoY Change 21.93% -4.96% -12.99%
% of Gross Profit 67.21% 81.04% 84.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.79M $14.40M $15.69M
YoY Change 224.96% -4.64% -11.55%
% of Gross Profit 7.97% 3.6% 3.69%
Operating Expenses $481.0M $345.9M $407.5M
YoY Change 39.05% 24.32% -8.88%
Operating Profit $106.5M $53.64M $17.35M
YoY Change 98.6% -58.69% -268.93%
Interest Expense $20.44M $4.161M $9.389M
YoY Change 391.11% -58.77% -17.35%
% of Operating Profit 19.18% 7.76% 54.12%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $86.13M $49.74M $8.834M
YoY Change 73.16% -59.14% -141.24%
Income Tax $24.82M $11.25M $1.511M
% Of Pretax Income 28.82% 22.61% 17.1%
Net Earnings $61.31M $38.49M $49.29M
YoY Change 59.27% -59.25% -348.41%
Net Earnings / Revenue 5.13% 5.63% 7.08%
Basic Earnings Per Share $1.05 $0.72 $0.14
Diluted Earnings Per Share $0.90 $0.70 $0.13
COMMON SHARES
Basic Shares Outstanding 58.30M shares 53.80M shares 53.93M shares
Diluted Shares Outstanding 67.82M shares 55.22M shares 55.50M shares

Balance Sheet

Concept 2021 Q2 2020 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $145.1M $206.4M $237.7M
YoY Change -29.71% -41.55% 192.01%
Cash & Equivalents $145.1M $206.4M $237.7M
Short-Term Investments
Other Short-Term Assets $46.83M $33.90M $39.90M
YoY Change 38.15% -6.61% -40.89%
Inventory $1.243B $737.2M $767.9M
Prepaid Expenses
Receivables $120.8M $77.00M $63.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.556B $1.055B $1.109B
YoY Change 47.51% -11.7% 8.1%
LONG-TERM ASSETS
Property, Plant & Equipment $306.5M $151.4M $211.9M
YoY Change 102.38% -23.42% -21.5%
Goodwill $344.0M $70.22M $56.82M
YoY Change 389.94% 23.59% 0.05%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $41.94M $14.90M $25.60M
YoY Change 181.48% -41.8% -11.72%
Total Long-Term Assets $1.480B $522.1M $572.1M
YoY Change 183.41% -5.07% 58.82%
TOTAL ASSETS
Total Short-Term Assets $1.556B $1.055B $1.109B
Total Long-Term Assets $1.480B $522.1M $572.1M
Total Assets $3.035B $1.577B $1.681B
YoY Change 92.52% -9.61% 21.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $174.1M $145.9M $118.9M
YoY Change 19.3% 52.46% 30.8%
Accrued Expenses $666.2M $587.3M $611.1M
YoY Change 13.44% 0.2% 85.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $840.3M $733.2M $730.0M
YoY Change 14.6% 7.54% 73.56%
LONG-TERM LIABILITIES
Long-Term Debt $1.277B $190.7M $540.4M
YoY Change 569.66% -64.73% -9.4%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.277B $190.7M $540.4M
YoY Change 569.66% -64.73% -9.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $840.3M $733.2M $730.0M
Total Long-Term Liabilities $1.277B $190.7M $540.4M
Total Liabilities $2.210B $1.090B $1.387B
YoY Change 102.76% -19.39% 20.66%
SHAREHOLDERS EQUITY
Retained Earnings $1.154B $1.004B $811.3M
YoY Change 14.95% 10.81% 1.74%
Common Stock $1.058B $873.0M $841.4M
YoY Change 21.23% 3.34% 0.84%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.376B $1.375B $1.348B
YoY Change 0.0% 2.06% 0.0%
Treasury Stock Shares 57.89M shares 57.89M shares 56.37M shares
Shareholders Equity $825.2M $486.6M $294.3M
YoY Change
Total Liabilities & Shareholders Equity $3.035B $1.577B $1.681B
YoY Change 92.52% -9.61% 21.28%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $61.31M $38.49M $49.29M
YoY Change 59.27% -59.25% -348.41%
Depreciation, Depletion And Amortization $46.79M $14.40M $15.69M
YoY Change 224.96% -4.64% -11.55%
Cash From Operating Activities $114.7M $207.3M $75.78M
YoY Change -44.66% 89.14% -10.3%
INVESTING ACTIVITIES
Capital Expenditures -$14.00M -$5.600M $2.508M
YoY Change 150.02% 115.38% -71.0%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$5.642M $100.0K $8.500M
YoY Change -5742.0% -98.36% -5.56%
Cash From Investing Activities -$19.64M -$5.400M $5.967M
YoY Change 263.76% -254.29% 1495.45%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -73.40M -178.7M $405.0K
YoY Change -58.92% -9035.0% -100.52%
NET CHANGE
Cash From Operating Activities 114.7M 207.3M $75.78M
Cash From Investing Activities -19.64M -5.400M $5.967M
Cash From Financing Activities -73.40M -178.7M $405.0K
Net Change In Cash 21.67M 23.20M $82.35M
YoY Change -6.59% -79.84% 1009.43%
FREE CASH FLOW
Cash From Operating Activities $114.7M $207.3M $75.78M
Capital Expenditures -$14.00M -$5.600M $2.508M
Free Cash Flow $128.7M $212.9M $73.27M
YoY Change -39.54% 89.75% -3.38%

Facts In Submission

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OperatingIncomeLoss
102510000 USD
CY2021Q2 rcii Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
13566000 USD
CY2020Q2 rcii Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
14348000 USD
rcii Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
26959000 USD
rcii Depreciation Amortizationand Writedownof Intangibles
DepreciationAmortizationandWritedownofIntangibles
29261000 USD
CY2021Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14013000 USD
CY2020Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5599000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
25401000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
14750000 USD
CY2021Q2 rcii Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
1122057000 USD
CY2020Q4 rcii Rental Merchandise On Rent Net
RentalMerchandiseOnRentNet
762886000 USD
CY2021Q2 rcii Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
120784000 USD
CY2020Q4 rcii Rental Merchandise Held For Rent Net
RentalMerchandiseHeldForRentNet
146266000 USD
CY2021Q2 us-gaap Assets
Assets
3035302000 USD
CY2020Q4 us-gaap Assets
Assets
1750980000 USD
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1461177 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
26500000 USD
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
5100000 USD
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2900000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
97000 shares
rcii Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Performance Based Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPerformanceBasedGrantsInPeriod
240000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
145000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.4754
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.5321
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0021
CY2021Q2 us-gaap Escrow Deposit
EscrowDeposit
50000000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58295000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57271000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54287000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
9525000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1424000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
9787000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1401000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67820000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55224000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67058000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55688000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.62
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.90
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.58

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