2010 Q2 Form 10-Q Financial Statement

#000095012310070322 Filed on July 30, 2010

View on sec.gov

Income Statement

Concept 2010 Q2 2009 Q2
Revenue $671.5M $679.6M
YoY Change -1.19% -5.48%
Cost Of Revenue $173.9M $185.2M
YoY Change -6.1% -8.18%
Gross Profit $497.7M $494.4M
YoY Change 0.67% -4.43%
Gross Profit Margin 74.11% 72.75%
Selling, General & Admin $413.3M $419.5M
YoY Change -1.48% -4.49%
% of Gross Profit 83.04% 84.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $142.8M $147.1M
YoY Change -2.92% -10.47%
% of Gross Profit 28.69% 29.75%
Operating Expenses $588.7M $604.3M
YoY Change -2.58% 36.45%
Operating Profit $82.83M $75.28M
YoY Change 10.03% 1.19%
Interest Expense $6.051M $8.045M
YoY Change -24.79% -155.48%
% of Operating Profit 7.31% 10.69%
Other Income/Expense, Net
YoY Change
Pretax Income $76.94M $67.51M
YoY Change 13.97% 12.51%
Income Tax $29.11M $25.56M
% Of Pretax Income 37.83% 37.86%
Net Earnings $47.83M $41.95M
YoY Change 14.03% 11.26%
Net Earnings / Revenue 7.12% 6.17%
Basic Earnings Per Share $0.73 $0.64
Diluted Earnings Per Share $0.72 $0.63
COMMON SHARES
Basic Shares Outstanding 65.95M shares
Diluted Shares Outstanding 66.77M shares

Balance Sheet

Concept 2010 Q2 2009 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.10M $95.60M
YoY Change -22.49% 27.3%
Cash & Equivalents $74.09M $95.60M
Short-Term Investments
Other Short-Term Assets $45.30M $52.30M
YoY Change -13.38% -3.86%
Inventory
Prepaid Expenses
Receivables $65.60M $56.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $185.0M $204.6M
YoY Change -9.58% 16.58%
LONG-TERM ASSETS
Property, Plant & Equipment $203.4M $771.1M
YoY Change -73.62% -13.47%
Goodwill $1.267B
YoY Change
Intangibles
YoY Change
Long-Term Investments $198.6M $179.9M
YoY Change 10.39% -12.03%
Other Assets
YoY Change
Total Long-Term Assets $2.226B $2.223B
YoY Change 0.12% -5.93%
TOTAL ASSETS
Total Short-Term Assets $185.0M $204.6M
Total Long-Term Assets $2.226B $2.223B
Total Assets $2.411B $2.428B
YoY Change -0.7% -4.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.20M $95.00M
YoY Change -39.79% -3.75%
Accrued Expenses $283.2M $276.9M
YoY Change 2.28% -9.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $340.4M $371.9M
YoY Change -8.47% -8.38%
LONG-TERM LIABILITIES
Long-Term Debt $622.4M $776.1M
YoY Change -19.8% -26.67%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $622.4M $776.1M
YoY Change -19.8% -26.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $340.4M $371.9M
Total Long-Term Liabilities $622.4M $776.1M
Total Liabilities $1.058B $1.257B
YoY Change -15.86% -17.17%
SHAREHOLDERS EQUITY
Retained Earnings $1.477B
YoY Change
Common Stock $700.6M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $826.2M
YoY Change
Treasury Stock Shares 39.53M shares
Shareholders Equity $1.353B $1.171B
YoY Change
Total Liabilities & Shareholders Equity $2.411B $2.428B
YoY Change -0.7% -4.38%

Cashflow Statement

Concept 2010 Q2 2009 Q2
OPERATING ACTIVITIES
Net Income $47.83M $41.95M
YoY Change 14.03% 11.26%
Depreciation, Depletion And Amortization $142.8M $147.1M
YoY Change -2.92% -10.47%
Cash From Operating Activities $16.40M $70.60M
YoY Change -76.77% -16.75%
INVESTING ACTIVITIES
Capital Expenditures -$13.70M -$15.90M
YoY Change -13.84% 11.97%
Acquisitions
YoY Change
Other Investing Activities -$900.0K -$1.700M
YoY Change -47.06% 70.0%
Cash From Investing Activities -$14.60M -$17.60M
YoY Change -17.05% 16.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.80M -154.1M
YoY Change -92.34% 110.52%
NET CHANGE
Cash From Operating Activities 16.40M 70.60M
Cash From Investing Activities -14.60M -17.60M
Cash From Financing Activities -11.80M -154.1M
Net Change In Cash -10.00M -101.1M
YoY Change -90.11% 2788.57%
FREE CASH FLOW
Cash From Operating Activities $16.40M $70.60M
Capital Expenditures -$13.70M -$15.90M
Free Cash Flow $30.10M $86.50M
YoY Change -65.2% -12.63%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2009Q2 rcii Cost Of Merchandise Sold
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CY2010Q2 rcii Cost Of Installment Sales
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CY2009Q2 rcii Salaries And Other Expenses
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-253815000 USD
rcii Increase Decrease In Rental Merchandise
IncreaseDecreaseInRentalMerchandise
-195123000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-10798000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-12032000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4057000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5818000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-39923000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1466000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
21132000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-10744000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
88312000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
210359000 USD
dei Entity Registrant Name
EntityRegistrantName
RENT A CENTER INC DE
dei Entity Central Index Key
EntityCentralIndexKey
0000933036
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2010-06-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2010Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
65985398 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2010
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2

Files In Submission

Name View Source Status
0000950123-10-070322-index-headers.html Edgar Link pending
0000950123-10-070322-index.html Edgar Link pending
0000950123-10-070322.txt Edgar Link pending
0000950123-10-070322-xbrl.zip Edgar Link pending
d74008e10vq.htm Edgar Link pending
d74008exv10w31.htm Edgar Link pending
d74008exv31w1.htm Edgar Link pending
d74008exv31w2.htm Edgar Link pending
d74008exv32w1.htm Edgar Link pending
d74008exv32w2.htm Edgar Link pending
defnref.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.xml Edgar Link unprocessable
R10.xml Edgar Link unprocessable
R11.xml Edgar Link unprocessable
R12.xml Edgar Link unprocessable
R2.xml Edgar Link unprocessable
R3.xml Edgar Link unprocessable
R4.xml Edgar Link unprocessable
R5.xml Edgar Link unprocessable
R6.xml Edgar Link unprocessable
R7.xml Edgar Link unprocessable
R8.xml Edgar Link unprocessable
R9.xml Edgar Link unprocessable
rcii-20100630.xml Edgar Link completed
rcii-20100630.xsd Edgar Link pending
rcii-20100630_cal.xml Edgar Link unprocessable
rcii-20100630_lab.xml Edgar Link unprocessable
rcii-20100630_pre.xml Edgar Link unprocessable