2011 Q1 Form 10-Q Financial Statement

#000095012311041646 Filed on April 29, 2011

View on sec.gov

Income Statement

Concept 2011 Q1 2010 Q1
Revenue $742.2M $718.4M
YoY Change 3.31% -1.34%
Cost Of Revenue $219.0M $205.4M
YoY Change 6.64% -3.57%
Gross Profit $523.1M $513.0M
YoY Change 1.98% -0.43%
Gross Profit Margin 70.49% 71.41%
Selling, General & Admin $431.8M $423.2M
YoY Change 2.03% -2.89%
% of Gross Profit 82.54% 82.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.68M $15.72M
YoY Change -0.27% -89.53%
% of Gross Profit 3.0% 3.06%
Operating Expenses $442.7M $629.7M
YoY Change -29.69% 44.4%
Operating Profit $80.42M $88.70M
YoY Change -9.34% 12.14%
Interest Expense $9.760M $6.083M
YoY Change 60.45% -167.59%
% of Operating Profit 12.14% 6.86%
Other Income/Expense, Net
YoY Change
Pretax Income $70.81M $82.79M
YoY Change -14.46% 13.25%
Income Tax $26.58M $31.33M
% Of Pretax Income 37.54% 37.84%
Net Earnings $44.23M $51.46M
YoY Change -14.05% 13.35%
Net Earnings / Revenue 5.96% 7.16%
Basic Earnings Per Share $0.70 $0.78
Diluted Earnings Per Share $0.69 $0.77
COMMON SHARES
Basic Shares Outstanding 63.35M shares
Diluted Shares Outstanding 64.29M shares

Balance Sheet

Concept 2011 Q1 2010 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $145.0M $84.50M
YoY Change 71.6% -56.87%
Cash & Equivalents $145.0M $84.50M
Short-Term Investments
Other Short-Term Assets $56.90M $49.40M
YoY Change 15.18% -14.09%
Inventory
Prepaid Expenses
Receivables $47.20M $59.60M
Other Receivables $0.00 $0.00
Total Short-Term Assets $249.1M $193.5M
YoY Change 28.73% -36.1%
LONG-TERM ASSETS
Property, Plant & Equipment $235.1M $791.6M
YoY Change -70.29% -1.9%
Goodwill $1.329B
YoY Change
Intangibles
YoY Change
Long-Term Investments $180.5M $182.0M
YoY Change -0.82% 9.18%
Other Assets
YoY Change
Total Long-Term Assets $2.430B $2.246B
YoY Change 8.18% 0.05%
TOTAL ASSETS
Total Short-Term Assets $249.1M $193.5M
Total Long-Term Assets $2.430B $2.246B
Total Assets $2.679B $2.440B
YoY Change 9.81% -4.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $88.80M $68.60M
YoY Change 29.45% -25.68%
Accrued Expenses $300.3M $322.1M
YoY Change -6.77% 8.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $389.1M $390.7M
YoY Change -0.41% 0.49%
LONG-TERM LIABILITIES
Long-Term Debt $658.6M $636.3M
YoY Change 3.5% -31.6%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $658.6M $636.3M
YoY Change 3.5% -31.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $389.1M $390.7M
Total Long-Term Liabilities $658.6M $636.3M
Total Liabilities $1.285B $1.137B
YoY Change 12.94% -19.94%
SHAREHOLDERS EQUITY
Retained Earnings $1.581B
YoY Change
Common Stock $742.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $932.8M
YoY Change
Treasury Stock Shares 43.71M shares
Shareholders Equity $1.395B $1.303B
YoY Change
Total Liabilities & Shareholders Equity $2.679B $2.440B
YoY Change 9.81% -4.25%

Cashflow Statement

Concept 2011 Q1 2010 Q1
OPERATING ACTIVITIES
Net Income $44.23M $51.46M
YoY Change -14.05% 13.35%
Depreciation, Depletion And Amortization $15.68M $15.72M
YoY Change -0.27% -89.53%
Cash From Operating Activities $147.9M $71.92M
YoY Change 105.72% -48.56%
INVESTING ACTIVITIES
Capital Expenditures $27.14M $16.11M
YoY Change 68.46% -218.48%
Acquisitions $525.0K $368.0K
YoY Change 42.66%
Other Investing Activities -$400.0K -$300.0K
YoY Change 33.33% -40.0%
Cash From Investing Activities -$27.59M -$16.45M
YoY Change 67.75% 16.65%
FINANCING ACTIVITIES
Cash Dividend Paid $3.803M $0.00
YoY Change
Common Stock Issuance & Retirement, Net $28.53M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $157.8M $117.9M
YoY Change 33.88%
Cash From Financing Activities -$46.87M -$73.33M
YoY Change -36.08% 323.88%
NET CHANGE
Cash From Operating Activities $147.9M $71.92M
Cash From Investing Activities -$27.59M -$16.45M
Cash From Financing Activities -$46.87M -$73.33M
Net Change In Cash $73.48M -$17.86M
YoY Change -511.42% -116.48%
FREE CASH FLOW
Cash From Operating Activities $147.9M $71.92M
Capital Expenditures $27.14M $16.11M
Free Cash Flow $120.8M $55.80M
YoY Change 116.48% -63.62%

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CY2011Q1 dei Entity Registrant Name
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RENT A CENTER INC DE
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CY2011Q1 dei Document Type
DocumentType
10-Q
CY2011Q1 dei Document Period End Date
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CY2011Q1 dei Amendment Flag
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CY2011Q1 dei Current Fiscal Year End Date
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CY2011Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
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CY2011Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
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CY2011Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
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CY2011Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2011Q2 dei Entity Common Stock Shares Outstanding
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CY2011Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1

Files In Submission

Name View Source Status
0000950123-11-041646-index-headers.html Edgar Link pending
0000950123-11-041646-index.html Edgar Link pending
0000950123-11-041646.txt Edgar Link pending
0000950123-11-041646-xbrl.zip Edgar Link pending
d81297e10vq.htm Edgar Link pending
d81297exv31w1.htm Edgar Link pending
d81297exv31w2.htm Edgar Link pending
d81297exv32w1.htm Edgar Link pending
d81297exv32w2.htm Edgar Link pending
defnref.xml Edgar Link unprocessable
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Financial_Report.xls Edgar Link pending
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rcii-20110331.xml Edgar Link completed
rcii-20110331.xsd Edgar Link pending
rcii-20110331_cal.xml Edgar Link unprocessable
rcii-20110331_lab.xml Edgar Link unprocessable
rcii-20110331_pre.xml Edgar Link unprocessable