Rent a center inc de (RCII)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities
Net earnings

173,546

8,492

6,653

-105,195

-953,520

96,422

128,757

180,018

163,464

171,642

167,855

139,624

Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation of rental merchandise

619,353

616,640

618,390

657,090

718,100

685,115

652,161

620,917

556,945

506,854

519,103

561,414

Bad debt expense

15,077

14,610

15,702

15,449

15,260

15,509

14,589

12,953

14,227

16,168

17,395

14,455

Adjustments to Additional Paid in Capital, Share-based Compensation, Stock Options, Requisite Service Period Recognition

-

-

-

-

9,541

-

-

-

-

-

-

-

Stock-based compensation expense

6,958

5,961

3,896

9,209

9,541

6,559

6,456

8,366

4,471

4,123

3,731

3,341

Depreciation of property assets

60,592

68,275

73,685

77,361

76,429

78,747

76,451

73,361

65,214

63,410

65,788

72,683

Loss on sale or disposal of property assets

23,537

-7,388

-15,795

-3,718

-11,897

-10,363

-1,499

-465

2,237

13,599

5,856

375

Goodwill impairment charge

-

-

-

151,320

1,170,000

0

1,068

-

-

-

-

-

Amortization of intangibles

723

671

4,908

2,176

3,333

2,955

2,491

4,668

4,285

701

1,291

12,589

Amortization of financing fees

2,987

5,486

4,667

2,217

3,126

3,218

3,191

2,765

2,344

2,047

1,970

1,703

Write-off of debt financing fees

2,168

475

1,936

0

0

-

-

-

-

-

-

-

Finance charges from refinancing

-

-

-

-

-

-

-

-

-

3,100

-

0

Deferred income taxes

55,257

6,816

-86,063

-32,994

-144,818

26,796

24,020

3,429

78,105

95,837

35,899

77,538

Excess tax benefit related to stock awards

-

-

-

-

86

331

406

4,348

7,036

-2,974

-270

-560

Restructuring charge

-

-

-

-

-

-

-

-

13,943

0

-

4,497

Gain on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

4,335

Impairment charge

-

-

-

-

-

-

-

-

7,320

18,939

-

0

Changes in operating assets and liabilities
Rental merchandise

651,487

569,717

487,130

523,697

622,149

796,672

767,680

683,803

-667,860

-567,733

-449,128

-438,964

Receivables

28,855

14,431

15,741

15,914

19,088

21,823

19,248

13,390

-9,218

-6,620

-34,781

-24,572

Prepaid expenses and other assets

-3,185

-13,105

9,622

-104,379

-31,636

130,690

9,798

-1,772

99,114

-123,649

-9,421

-7,056

Operating lease right-of-use assets and lease liabilities

-4,366

0

0

-

-

-

-

-

-

-

-

-

Accounts payable - trade

54,282

23,486

-17,886

11,883

-45,523

21,440

19,373

-3,999

-20,987

25,467

16,367

-6,924

Accrued liabilities

-79,199

40,248

-18,657

-2,929

-23,144

21,505

1,418

14,724

-19,942

-4,422

-11,534

-21,472

Net cash provided by operating activities

215,416

227,505

110,533

354,073

230,994

19,113

134,342

217,898

286,626

216,489

330,121

384,336

Cash flows from investing activities
Purchase of property assets

21,157

27,962

65,460

61,143

80,870

83,785

108,367

102,453

132,710

93,007

68,841

61,931

Proceeds from sale of property assets

69,717

25,317

4,638

5,262

15,964

14,474

19,973

4,984

208

203

3,122

6,144

Hurricane insurance recovery proceeds

1,113

0

0

-

-

-

-

-

-

-

-

-

Acquisitions of businesses

28,915

2,048

2,525

3,098

25,170

27,354

41,236

13,258

26,747

74,378

7,221

15,700

Net cash (used in) provided by investing activities

20,758

-4,693

-63,347

-58,979

-90,076

-96,665

-129,630

-110,727

-159,249

-167,182

-72,940

-71,487

Cash flows from financing activities
Share repurchases

1,292

0

0

-

-

-

217,421

61,860

164,169

84,520

8,833

13,382

Exercise of stock options

6,799

1,401

270

0

1,485

4,647

11,932

14,121

34,910

19,040

1,537

3,169

Shares withheld for payment of employee tax withholdings

1,733

317

225

338

506

-

-

-

-

-

-

-

Excess tax benefit related to stock awards

-

-

-

-

86

331

406

4,348

7,036

2,974

270

560

Debt issuance costs

8,454

2,098

5,258

0

0

-

-

-

-

-

-

-

Payments on capital leases

-

-

-

-

-

-

-

27

285

979

2,100

5,662

Issuance of senior notes

-

-

-

-

-

-

-

-

-

300,000

-

0

Proceeds from debt

305,400

27,060

347,635

52,245

531,180

772,860

908,145

606,570

982,825

92,230

186,100

213,050

Repayments of debt

608,640

166,358

400,151

286,065

605,620

646,323

679,370

659,745

943,264

402,274

196,654

446,338

Repurchase of subordinated notes

-

-

-

-

-

-

-

-

-

-

225,375

74,625

Dividends paid

13,707

0

12,811

25,554

51,011

48,663

46,809

37,866

26,891

7,804

-

0

Net cash provided by financing activities

-321,627

-140,312

-70,540

-259,712

-124,386

82,852

-23,117

-134,459

-109,838

-81,333

-245,055

-323,228

Effect of exchange rate changes on cash

556

-77

926

-349

-2,295

-1,448

-408

310

-201

950

2,295

386

Net increase in cash and cash equivalents

-84,897

82,423

-22,428

35,033

14,237

3,852

-18,813

-26,978

17,338

-31,076

14,421

-9,993

Supplemental cash flow information [Abstract]
Interest

32,114

37,530

41,339

44,469

49,386

48,064

36,897

31,574

35,609

20,569

27,920

70,688

Income taxes (excludes $2,074, $47,837, and $7,321 of income taxes refunded in 2019, 2018 and 2017, respectively)

24,332

2,227

1,983

18,536

128,083

146,250

52,255

88,873

10,522

124,065

69,312

20,954