Rent a center inc de (RCII)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities
Net earnings

49,292

40,491

31,277

94,455

7,323

1,664

12,918

13,753

-19,843

34,824

-12,599

-8,893

-6,679

-146,383

6,181

9,946

25,061

-999,873

-4,092

23,147

27,298

25,550

25,925

17,681

27,266

13,583

27,165

41,876

46,133

43,985

39,910

44,182

51,941

48,122

31,224

39,888

44,230

31,854

40,497

47,830

51,461

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

160,445

164,210

145,932

154,100

155,111

155,156

152,708

154,645

154,131

148,907

151,384

157,608

160,491

158,193

157,711

167,112

174,074

176,497

175,959

185,976

179,668

176,937

169,141

169,548

169,489

164,749

164,276

162,153

160,983

156,357

153,078

154,065

157,417

149,170

139,406

135,972

132,397

128,519

124,484

126,740

127,111

Bad debt expense

3,749

3,486

5,613

3,036

2,942

4,238

4,526

2,409

3,437

4,651

4,656

2,973

3,422

4,202

4,447

3,166

3,634

4,410

4,028

3,110

3,712

4,682

4,622

2,541

3,664

4,764

4,048

2,880

2,897

10,410

1,596

622

325

11,775

1,820

111

521

4,084

3,415

5,551

3,118

Stock-based compensation expense

3,000

2,358

1,900

2,000

700

1,461

1,500

1,138

1,862

1,698

1,119

1,777

-698

1,770

2,625

2,462

2,352

2,593

1,962

2,823

2,163

1,182

1,915

1,990

1,472

932

1,763

1,632

2,129

1,693

1,874

1,825

2,974

1,051

897

1,218

1,305

998

873

987

1,265

Depreciation of property assets

14,597

15,041

14,742

15,116

15,693

16,497

16,761

17,275

17,742

18,529

18,451

18,496

18,209

19,317

19,187

19,747

19,110

19,574

19,184

18,822

18,849

19,923

18,536

21,149

19,139

19,797

19,421

18,760

18,473

18,617

18,412

18,338

17,994

17,276

16,107

16,153

15,678

16,258

15,629

15,802

15,721

Loss on sale or disposal of property assets

-558

23,815

1,194

-131

-1,341

-4,859

-106

-510

-1,913

-15,777

1,149

-412

-755

-149

-627

-2,556

-386

-2,225

-6,222

-3,218

-232

-2,623

-4,968

-1,285

-1,487

536

-398

-270

-1,367

1,368

-1,508

-205

-120

4,020

-1,847

-28

92

10,500

1,553

568

978

Amortization of intangibles

319

486

152

6

79

175

186

153

157

241

228

212

4,227

415

537

706

518

728

795

924

886

752

747

709

747

594

492

690

715

626

1,369

1,338

1,335

1,263

1,032

1,132

858

134

173

183

211

Amortization of financing fees

408

413

616

985

973

1,412

1,373

1,358

1,343

1,391

1,362

1,158

756

-128

787

779

779

787

789

780

770

617

872

859

870

853

853

794

691

691

692

691

691

692

635

512

505

503

517

513

514

Amortization of right-of-use operating lease assets

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-121

38,628

5,815

12,727

-1,913

2,437

2,887

2,759

-1,267

-52,123

-13,644

-7,208

-13,088

-18,173

6,144

-11,164

-9,801

-41,385

-31,692

-35,270

-36,471

92,126

-13,229

-26,751

-25,350

3,623

3,779

15,649

969

4,389

-4,199

1,291

1,948

24,257

11,200

24,847

17,801

89,129

35,182

-15,617

-12,857

Excess tax benefit related to stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

17

36

31

91

83

137

20

161

-1,170

279

1,136

1,488

767

276

1,817

500

12,992

-218

-6,238

-632

78

-2,326

-94

Impairment charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,320

18,939

0

0

0

Changes in operating assets and liabilities
Rental merchandise

106,739

264,389

133,839

129,293

123,966

194,704

145,945

125,629

103,439

147,852

115,891

118,792

104,595

189,855

122,306

99,332

112,204

194,050

125,314

146,627

156,158

257,322

237,629

165,522

136,199

234,757

165,669

179,671

187,583

226,054

178,676

131,940

147,133

-1,120,350

757,431

-149,157

-155,784

-223,097

-90,821

-108,013

-145,802

Receivables

-7,270

16,964

8,896

5,937

-2,942

8,685

46

7,263

-1,563

12,181

2,570

747

243

14,787

-754

-359

2,240

10,478

3,387

5,064

159

1,478

13,298

4,312

2,735

9,263

4,399

5,451

135

14,784

497

1,120

-3,011

-1,220

-16,683

2,544

6,141

9,650

-5,472

-11,518

720

Prepaid expenses and other assets

-5,935

6,895

5,304

-3,796

-11,588

-15,768

13,645

-13,923

2,941

10,222

-1,905

4,193

-2,888

-2,688

-5,683

950

-96,958

94,155

2,274

-816

-127,249

123,885

285

6,123

397

5,128

4,406

6,899

-6,635

-6,560

2,511

901

1,376

202,590

-206,148

-10,459

113,131

-124,851

-2,855

3,357

700

Operating lease right-of-use assets and lease liabilities

-3,704

939

563

-4,360

-1,508

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable - trade

-61,265

63,078

9,386

-23,248

5,066

15,775

5,667

1,546

498

2,146

-24,791

30,369

-25,610

10,660

4,467

-216

-3,028

-16,594

-3,754

-29,232

4,057

-1,787

24,162

-4,312

3,377

-5,316

3,386

-11,694

32,997

-41,527

50,250

-21,538

8,816

8,675

32,073

-24,511

-37,224

34,785

30,605

-11,386

-28,537

Operating lease liabilities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-33,795

-27,858

-25,147

-22,573

-3,621

27,115

1,955

-18,143

29,321

-30,697

15,099

-22,541

19,482

-205

-15,131

-18,656

31,063

-38,578

21,652

-62,191

55,973

16,021

7,938

-59,704

57,250

6,631

5,157

-38,699

28,329

1,042

15,571

-44,173

42,284

-6,794

-728

-19,633

7,213

23,963

-49,517

-36,276

57,408

Net cash provided by operating activities

47,400

-12,713

42,711

109,643

75,775

43,650

40,949

58,429

84,477

-24,911

23,560

52,567

59,317

-20,817

71,713

76,515

226,662

-18,301

60,061

-38,804

228,038

-44,150

-5,698

-51,099

120,060

-38,567

57,434

2,011

113,464

-40,851

97,610

22,609

138,530

19,917

95,459

23,304

147,946

23,836

104,341

16,395

71,917

Cash flows from investing activities
Purchase of property assets

9,151

9,147

6,922

2,580

2,508

5,471

6,796

7,046

8,649

11,932

13,369

18,111

22,048

14,304

18,656

13,743

14,440

19,745

18,256

28,624

14,245

22,052

20,283

18,342

23,108

34,606

28,940

25,184

19,637

29,350

24,783

20,892

27,428

40,731

32,763

32,072

27,144

35,634

27,583

13,677

16,113

Proceeds from sale of property assets

187

52,795

3,130

5,317

8,475

8,843

1,682

5,329

9,463

687

3,039

437

475

756

1,588

1,814

1,104

3,799

8,321

3,196

648

8,462

2,909

3,096

7

18,353

347

1,265

8

86

4,806

52

40

49

27

53

79

114

41

14

34

Acquisitions of businesses

-

-

-

-

-

-1

1,288

321

440

284

2,026

215

0

12

-3

448

2,641

6,107

4,992

3,412

10,659

14,857

3,197

3,931

5,369

27,407

7,561

4,189

2,079

8,009

4,855

184

210

22,156

3,575

491

525

71,266

1,883

861

368

Net cash (used in) provided by investing activities

-8,964

43,573

-32,359

3,577

5,967

3,373

-6,402

-2,038

374

-11,529

-12,356

-17,889

-21,573

-13,560

-17,065

-12,377

-15,977

-22,053

-14,927

-28,840

-24,256

-28,447

-20,571

-19,177

-28,470

-43,660

-36,154

-28,108

-21,708

-37,273

-24,832

-21,024

-27,598

-62,838

-36,311

-32,510

-27,590

-106,786

-29,425

-14,524

-16,447

Cash flows from financing activities
Share repurchases

26,511

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

0

200,000

17,419

31,739

13,578

16,543

0

-

-

64,166

28,529

38,651

39,419

6,450

0

Exercise of stock options

1,194

986

1,503

1,418

2,892

337

94

595

375

0

100

170

0

-

-

-

-

91

239

633

522

2,230

795

990

632

1,221

4,580

2,429

3,702

2,846

4,387

2,628

4,260

8,904

1,040

3,077

21,889

9,337

1,386

6,559

1,758

Shares withheld for payment of employee tax withholdings

5,268

0

0

-597

2,330

34

12

66

205

0

7

31

187

48

163

-21

148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit related to stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

17

36

31

91

83

137

20

161

-1,170

279

1,136

1,488

767

276

1,817

500

80

218

6,238

632

-78

2,326

94

Debt issuance costs

0

0

8,297

0

157

2,098

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3

15

9

24

86

38

137

179

209

270

321

Proceeds from debt

198,000

20,000

280,000

0

5,400

0

210

0

26,850

130,755

129,300

1,205

86,375

635

0

44,200

7,410

140,645

42,805

189,480

158,250

203,980

156,480

235,820

176,580

276,710

171,630

364,580

95,225

284,585

55,185

120,655

146,145

323,880

517,070

26,570

115,305

-

-

-

43,035

Repayments of debt

75,500

40,500

562,740

0

5,400

1

41,347

20,562

104,448

96,653

128,793

16,768

157,937

1,197

563

64,762

219,543

86,637

84,633

132,038

302,312

136,303

124,582

167,583

217,855

195,010

210,830

132,090

141,440

190,385

129,640

104,640

235,080

271,545

490,274

23,610

157,835

231,330

29,664

23,383

117,897

Dividends paid

15,912

-

-

-

0

-

-

-

-

0

4,272

4,271

4,268

4,263

4,257

4,261

12,773

12,760

12,758

12,751

12,742

12,184

12,172

12,160

12,147

11,245

11,210

12,167

12,187

9,361

9,527

9,512

9,466

9,406

9,864

3,818

3,803

3,855

3,949

0

0

Net cash provided by financing activities

76,003

-34,513

-289,534

2,015

405

-1,796

-41,055

-20,033

-77,428

34,102

-8,930

-19,695

-76,017

-4,873

-4,983

-24,802

-225,054

40,835

-54,330

45,360

-156,251

57,814

20,604

57,204

-52,770

71,835

-47,000

23,031

-70,983

57,434

-92,409

-7,151

-92,333

52,308

-53,507

-61,767

-46,872

72,314

-68,588

-11,728

-73,331

Effect of exchange rate changes on cash

-2,014

465

-275

160

206

-844

683

-918

1,002

-902

103

720

1,005

4,341

-7,530

2,472

368

-190

-1,243

-320

-542

-1,049

-445

128

-82

-191

86

-697

394

-23

300

-269

302

2,653

-3,647

4

789

588

353

-547

556

Net increase in cash and cash equivalents

112,425

-3,188

-279,457

115,395

82,353

44,383

-5,825

35,440

8,425

-3,240

2,377

15,703

-37,268

-34,909

42,135

41,808

-14,001

291

-10,439

-22,604

46,989

-15,832

-6,110

-12,944

38,738

-10,583

-25,634

-3,763

21,167

-20,713

-19,331

-5,835

18,901

12,040

1,994

-70,969

74,273

-10,048

6,681

-10,404

-17,305