RENT A CENTER INC DE RCII Income Statement

Rent a center inc de (RCII)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Revenues
Store
Rentals and fees
2,224	2,244	2,267	2,500	2,781	2,745	2,695	2,653	2,496	2,335	2,346	2,505
Merchandise sales
304	304	331	351	377	290	278	300	259	220	261	256
Installment sales
70	69	71	74	76	75	71	67	68	63	53	41
Other
4	9	9	12	19	19	18	16	17	76	57	42
Total store revenues
2,604	2,627	2,680	2,938	3,253	3,131	3,064	3,037	2,843	-	-	-
Franchise
Merchandise sales
49	19	13	16	15	19	24	32	33	30	28	33
Royalty income and fees
16	13	8	8	8	6	5	5	5	4	4	4
Total revenues
2,669	2,660	2,702	2,963	3,278	3,157	3,094	3,075	2,882	2,731	2,751	2,884
Cost of revenues
Store
Cost of rentals and fees
634	621	625	664	728	704	676	642	570	519	530	572
Cost of merchandise sold
319	308	322	323	356	231	216	241	201	164	188	194
Cost of installment sales
23	23	23	24	25	26	24	23	24	23	18	16
Other charges
-	-	-	-	34	-6	-	-	-	-	-	-
Vendor settlement credit
-	-	-	-	-	-	0	0	-	-	-	-
Total cost of store revenues
977	954	971	1,012	1,111	962	917	906	797	-	-	-
Franchise [Abstract]
Franchise cost of merchandise sold
48	18	12	15	14	18	23	31	32	29	26	31
Total cost of revenues
1,025	972	983	1,028	1,160	973	940	938	829	735	763	-
Gross profit
1,644	1,688	1,718	1,935	2,118	2,184	2,153	2,137	2,052	1,995	1,987	-
Operating expenses
Store expenses
Labor
630	683	732	789	854	888	881	840	-	-	-	-
Other store expenses
617	656	744	791	833	842	789	764	-	-	-	-
Salaries and other expenses
-	-	-	-	-	-	-	-	1,591	1,540	1,556	1,651
Direct operating expenses
-	-	-	-	-	-	-	-	-	-	-	2,467
General and administrative expenses
142	163	171	168	166	162	147	140	140	129	137	125
Depreciation and amortization
61	68	74	80	80	83	86	79	-	-	-	-
Goodwill impairment charge
-	-	-	151	1,170	0	1	-	-	-	-	-
Amortization and write-down of intangibles
-	-	-	-	-	-	-	-	4	3	2	16
Other charges
-60	59	59	20	20	14	0	0	-	-	-	-
Restructuring charge
-	-	-	-	-	-	-	-	13	0	-	4
Impairment charge
-	-	-	-	-	-	-	-	7	18	-	0
Litigation expense
-	-	-	-	-	-	-	-	-2	0	4	4
Total operating expenses
1,390	1,632	1,781	2,001	3,125	1,990	1,906	1,824	1,761	1,691	1,691	2,609
Operating profit
253	56	-63	-66	-1,007	193	247	313	291	303	296	274
Debt refinancing charges
2	0	1	0	0	4	0	0	-	3	-	0
Gain on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	4
Interest expense
31	42	45	47	49	47	39	32	37	26	26	66
Interest income
3	1	0	0	0	0	0	0	0	0	0	8
Earnings before income taxes
223	13	-110	-113	-1,056	142	208	281	254	274	270	221
Income tax (benefit) expense
50	5	-116	-8	-103	45	79	101	91	103	102	81
Net earnings
173	8	6	-105	-953	96	128	180	163	171	167	139
Basic earnings per common share
3.19	0.16	0.12	-1.98	-17.97	1.82	2.35	3.06	2.67	2.64	2.54	2.10
Diluted earnings per common share
3.10	0.16	0.12	-1.98	-17.97	1.81	2.33	3.03	2.64	2.60	2.52	2.08
Cash dividends declared per common share
0.54	0.00	0.16	0.32	0.96	0.93	0.86	0.69	0.44	0.12	-	0.00