RENT A CENTER INC DE RCII Income Statement

Rent a center inc de (RCII)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues
Store
Rentals and fees
568,000	558,573	550,795	551,680	563,354	565,163	552,580	562,403	564,714	544,722	552,194	575,411	595,414	584,869	595,179	645,710	674,295	682,397	683,343	704,125	711,450	697,550	675,342	681,749	691,187	682,010	671,334	668,947	673,604	664,898	652,059	658,987	677,981	646,165	622,474	617,796	610,428	589,106	576,019	586,523	583,848	576,124	589,468
Merchandise sales
101,380	63,766	65,552	70,842	104,470	64,968	67,141	64,990	107,356	65,341	67,566	76,773	121,722	69,495	73,219	76,777	131,707	76,742	80,932	83,286	136,280	63,900	58,477	59,610	108,061	51,582	53,808	59,790	113,573	57,742	58,854	60,622	122,859	56,755	52,802	50,973	99,266	43,549	44,352	43,031	89,397	59,085	56,959
Installment sales
14,747	20,776	16,952	17,270	15,436	20,113	15,681	17,374	16,404	19,961	17,276	17,657	16,757	20,791	17,626	17,672	18,420	22,038	17,786	18,161	18,253	22,236	17,822	17,771	18,060	19,337	17,474	17,537	17,127	17,846	15,560	16,170	17,495	19,011	16,348	16,571	16,687	18,594	15,599	14,503	15,137	12,983	12,290
Other
722	1,833	1,054	1,244	664	2,005	2,140	2,271	2,584	2,192	2,257	2,519	2,652	2,705	2,633	3,280	4,088	4,527	4,475	4,725	5,431	5,573	6,384	3,734	4,258	3,889	4,483	5,001	4,760	4,111	2,811	4,537	4,932	4,296	4,147	4,143	5,339	16,270	20,413	19,523	20,336	15,236	13,443
Total store revenues
684,849	644,948	634,353	641,036	683,924	652,249	637,542	647,038	691,058	632,216	639,293	672,360	736,545	677,860	688,657	743,439	828,510	785,704	786,536	810,297	871,414	789,259	758,025	762,864	821,566	756,818	747,099	751,275	809,064	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Franchise
Merchandise sales
12,437	18,828	11,178	10,673	8,456	6,438	4,135	4,880	3,634	3,946	2,676	3,214	3,321	4,275	3,113	4,023	4,947	5,555	2,456	3,179	4,387	5,591	4,477	3,840	5,328	1,484	6,396	7,843	8,833	5,561	8,697	8,022	10,613	10,051	7,250	7,525	9,146	8,420	6,975	6,755	8,425	6,663	6,251
Royalty income and fees
4,653	4,086	3,840	4,216	4,314	3,063	3,265	3,812	3,351	2,792	1,996	2,061	2,120	1,969	2,107	2,157	2,195	2,574	2,613	1,867	1,838	1,684	1,861	1,722	1,579	1,144	1,285	1,393	1,384	1,247	1,333	1,360	1,374	1,204	1,250	1,245	1,312	1,151	1,222	1,208	1,276	1,160	1,198
Total revenues
701,939	667,862	649,371	655,925	696,694	661,750	644,942	655,730	698,043	638,954	643,965	677,635	741,986	684,104	693,877	749,619	835,652	793,833	791,605	815,343	877,639	796,534	764,363	768,426	828,473	759,446	754,780	760,511	819,281	751,405	739,314	749,698	835,254	737,482	704,271	698,253	742,178	677,090	664,580	671,543	718,419	671,251	679,609
Cost of revenues
Store
Cost of rentals and fees
165,455	161,877	161,971	155,658	155,372	156,008	153,716	156,041	156,095	150,847	153,202	159,276	162,033	160,011	159,454	169,139	176,241	180,088	178,094	185,406	185,118	180,738	174,041	174,600	175,216	168,848	170,979	168,928	167,919	160,433	158,805	159,790	163,359	152,753	142,796	139,295	135,649	131,777	127,573	129,818	130,114	130,183	132,956
Cost of merchandise sold
98,757	69,006	70,575	76,034	103,391	72,657	74,340	65,562	96,353	65,898	70,551	77,055	109,124	70,254	68,684	70,903	113,886	74,568	82,043	82,363	117,722	57,221	47,569	47,113	79,617	40,303	42,344	47,260	86,299	49,181	47,497	49,525	95,016	50,595	43,170	39,510	68,579	34,912	34,807	32,603	61,811	42,940	41,997
Cost of installment sales
5,025	7,250	5,527	5,682	4,924	7,223	5,244	5,617	5,242	7,523	5,207	5,708	5,184	7,045	5,553	5,662	6,025	7,552	5,854	6,114	6,157	8,056	5,867	6,075	6,086	6,400	5,983	6,189	5,969	5,885	5,376	5,728	6,298	7,233	5,655	5,898	6,048	7,367	5,507	5,003	5,426	4,511	4,259
Other charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,698	-	-	-	-7,072	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Vendor settlement credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	0	0	-2,800	-	0	0	0	-	-
Total cost of store revenues
269,237	238,133	238,073	237,374	263,687	235,888	233,300	227,220	257,690	224,268	228,960	242,039	276,341	237,310	233,691	245,704	296,152	262,208	265,991	273,883	308,997	246,015	227,477	227,788	260,919	215,551	219,306	222,377	260,187	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Franchise [Abstract]
Franchise cost of merchandise sold
12,524	18,591	11,302	10,480	8,141	6,298	3,902	4,624	3,375	3,805	2,540	3,063	2,982	4,073	2,960	3,757	4,556	5,250	2,304	2,931	4,049	5,252	4,200	3,614	5,004	1,032	6,142	7,514	8,416	5,173	8,295	7,682	10,164	9,612	6,926	7,195	8,754	8,040	6,680	6,454	8,068	6,378	5,975
Total cost of revenues
281,761	256,724	249,375	247,854	271,828	242,186	237,202	231,844	261,065	228,073	231,500	245,102	279,323	241,383	236,651	249,461	300,708	267,458	302,993	276,814	313,046	251,503	224,605	231,402	265,923	216,583	225,448	229,891	268,603	220,672	219,973	222,725	274,837	220,193	198,547	191,898	219,030	-	-	-	-	-	-
Gross profit
420,178	411,138	399,996	408,071	424,866	419,564	407,740	423,886	436,978	410,881	412,465	432,533	462,663	442,721	457,226	500,158	534,944	526,375	488,612	538,529	564,593	545,031	539,758	537,024	562,550	542,863	529,332	530,620	550,678	530,733	519,341	526,973	560,417	517,289	505,724	506,355	523,148	-	-	-	-	-	-
Operating expenses
Store expenses
Labor
153,794	156,875	158,666	152,899	161,656	169,879	168,297	164,172	181,074	181,269	179,643	179,447	192,107	193,381	186,289	199,992	209,387	211,198	209,904	212,534	220,974	222,099	218,623	222,269	225,938	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other store expenses
161,718	153,721	150,366	149,225	163,794	164,765	149,326	156,854	185,949	197,702	171,995	177,050	197,440	191,855	195,096	192,856	211,807	202,499	201,638	205,602	224,175	212,904	208,424	205,768	215,158	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Salaries and other expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	435,866	413,865	432,191	-	410,693	410,210	427,829	393,915	405,633	395,091	397,198	378,316	389,295	381,121	391,471	389,573	384,910
Direct operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	563,862	554,999	596,890	573,585	570,097
General and administrative expenses
39,175	36,812	34,364	38,534	32,924	35,965	40,818	41,792	44,870	40,453	43,768	47,097	39,772	47,524	38,187	40,135	43,061	38,639	39,590	45,182	42,691	37,484	39,130	43,592	42,110	33,394	37,054	38,360	38,813	26,477	38,088	36,255	39,219	40,564	33,448	32,047	34,553	34,763	30,796	32,173	31,775	32,714	34,592
Depreciation and amortization
14,913	15,316	14,894	15,121	15,773	16,672	16,946	17,428	17,900	18,711	18,679	18,708	18,541	19,858	19,998	20,776	19,824	20,580	19,979	20,397	19,764	22,736	19,918	20,628	19,886	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization and write-down of intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	639	1,165	890	-	2,447	1,481	1,335	1,424	1,261	1,132	858	134	529	1,540	1,051	585	1,506
Other charges
1,703	-19,420	2,859	-77,537	33,370	18,659	6,721	16,489	17,455	27,639	6,825	11,104	13,651	-1,941	956	18,849	2,435	4,211	10,936	5,113	391	2,114	7,743	4,377	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	7,586	4,933	-	-	0	0	-	-	-
Impairment charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7,320	18,939	0	0	0	-	-
Litigation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,869
Total operating expenses
371,303	343,304	361,149	278,242	407,517	405,940	382,108	396,735	447,248	465,774	420,910	433,406	461,511	601,997	440,526	472,608	486,514	1,647,127	482,047	488,828	507,995	497,337	493,838	496,634	503,092	507,641	473,559	453,390	471,894	456,878	451,228	447,946	468,383	437,327	447,928	433,203	442,729	-121,712	595,187	588,712	629,716	606,884	604,326
Operating profit
48,875	67,834	38,847	129,829	17,349	13,624	25,632	27,151	-10,270	-54,893	-8,445	-873	1,152	-159,276	16,700	27,550	48,430	-1,120,752	6,565	49,701	56,598	47,694	45,920	40,390	59,458	35,222	55,773	77,230	78,784	73,855	68,113	79,027	92,034	79,962	57,796	73,152	80,419	62,842	69,393	82,831	88,703	64,367	75,283
Debt refinancing charges
-	-	2,168	-	-	-	0	-	-	-	0	1,936	-	-	0	0	-	-	-	-	-	0	0	0	4,213	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
4,447	4,817	6,733	10,092	9,389	10,306	10,496	10,806	11,360	11,650	11,453	11,263	11,630	11,757	11,710	11,737	11,977	12,115	12,490	12,143	12,578	12,665	11,981	11,796	11,401	10,855	10,916	9,856	8,001	6,649	8,096	8,343	8,977	9,050	8,811	9,613	9,760	8,547	6,085	6,051	6,083	4,866	8,045
Interest income
144	167	85	1,997	874	391	345	202	209	299	177	159	156	157	141	108	97	109	153	182	190	266	200	245	236	156	183	183	293	372	167	122	181	145	91	237	154	248	282	156	168	153	267
Earnings before income taxes
44,572	63,184	30,031	121,734	8,834	3,234	15,481	16,547	-21,421	-66,244	-19,721	-13,913	-10,322	-170,876	5,131	15,921	36,550	-1,132,758	-5,772	37,740	44,210	35,295	34,139	28,839	44,080	24,523	45,040	67,557	71,076	67,578	60,184	70,806	83,238	71,057	49,076	63,776	70,813	51,443	63,590	76,936	82,788	59,654	67,505
Income tax (benefit) expense
-4,720	22,693	-1,246	27,279	1,511	1,570	2,563	2,794	-1,578	-101,068	-7,122	-5,020	-3,643	-24,493	-1,050	5,975	11,489	-132,885	-1,680	14,593	16,912	9,745	8,214	11,158	16,814	10,940	17,875	25,681	24,943	23,593	20,274	26,624	31,297	22,935	17,852	23,888	26,583	19,589	23,093	29,106	31,327	22,814	25,560
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	36,840	41,945
Basic earnings per common share
0.90	0.74	0.57	1.74	0.14	0.03	0.24	0.26	-0.37	0.66	-0.24	-0.17	-0.13	-2.76	0.12	0.19	0.47	-18.84	-0.08	0.44	0.51	0.48	0.49	0.33	0.52	0.28	0.51	0.76	0.80	0.75	0.68	0.75	0.88	0.81	0.52	0.64	0.70	0.51	0.62	0.73	0.78	0.56	0.64
Diluted earnings per common share
0.88	0.71	0.56	1.70	0.13	0.04	0.24	0.25	-0.37	0.66	-0.24	-0.17	-0.13	-2.76	0.12	0.19	0.47	-18.83	-0.08	0.43	0.51	0.48	0.49	0.33	0.51	0.28	0.50	0.76	0.79	0.75	0.67	0.74	0.87	0.80	0.52	0.63	0.69	0.49	0.62	0.72	0.77	0.55	0.63
Cash dividends declared per common share
-	-	-	-	-	-	-	-	-	0.00	0.00	0.08	0.08	0.08	0.08	0.08	0.08	0.24	0.24	0.24	0.24	0.24	0.23	0.23	0.23	0.23	0.21	0.21	0.21	0.21	0.16	0.16	0.16	0.16	0.16	0.06	0.06	0.06	0.06	0.00	0.00	0.00	-