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10-Q Filing

UPBOUND GROUP, INC. CIK: 933036 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0000933036-14-000016
Period End Date 20140331
Filing Date 20140425
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance na-20140331.xml
Filing Contents
Balance Sheet 63 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $3.61M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $3.70M USD Point-in-time
Accumulated depreciation, property assets AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $433.94M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $61.09M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $42.27M USD Point-in-time
Accumulated depreciation, property assets AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $449.64M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $81.01M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $82.25M USD Point-in-time
Common stock - par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Receivables, net of allowance for doubtful accounts of $3,610 in 2014 and $3,700 in 2013 AccountsReceivableNet $58.69M USD Point-in-time
Common stock - par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Receivables, net of allowance for doubtful accounts of $3,610 in 2014 and $3,700 in 2013 AccountsReceivableNet $57.87M USD Point-in-time
Common stock - shares authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Common stock - shares authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $80.74M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $78.47M USD Point-in-time
Common stock - shares issued CommonStockSharesIssued 109.16M shares Point-in-time
Common stock - shares issued CommonStockSharesIssued 109.11M shares Point-in-time
On rent RentalMerchandiseOnRentNet $892.34M USD Point-in-time
Treasury stock - shares at cost TreasuryStockShares 56.37M shares Point-in-time
Treasury stock - shares at cost TreasuryStockShares 56.37M shares Point-in-time
On rent RentalMerchandiseOnRentNet $914.62M USD Point-in-time
Held for rent RentalMerchandiseHeldForRentNet $203.27M USD Point-in-time
Held for rent RentalMerchandiseHeldForRentNet $210.45M USD Point-in-time
Merchandise held for installment sale RetailRelatedInventoryMerchandise $4.04M USD Point-in-time
Merchandise held for installment sale RetailRelatedInventoryMerchandise $3.73M USD Point-in-time
Property assets, net of accumulated depreciation of $449,638 in 2014 and $433,935 in 2013 PropertyPlantAndEquipmentNet $336.50M USD Point-in-time
Property assets, net of accumulated depreciation of $449,638 in 2014 and $433,935 in 2013 PropertyPlantAndEquipmentNet $339.80M USD Point-in-time
Goodwill Goodwill $1.36B USD Point-in-time
Goodwill Goodwill $1.34B USD Point-in-time
Goodwill Goodwill $1.36B USD Point-in-time
Other intangible assets, net FiniteLivedIntangibleAssetsNet $8.97M USD Point-in-time
Other intangible assets, net FiniteLivedIntangibleAssetsNet $8.22M USD Point-in-time
Total Assets Assets $3.03B USD Point-in-time
Total Assets Assets $3.02B USD Point-in-time
Accounts payable - trade AccountsPayableCurrentAndNoncurrent $122.53M USD Point-in-time
Accounts payable - trade AccountsPayableCurrentAndNoncurrent $120.17M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrentAndNoncurrent $372.39M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrentAndNoncurrent $315.24M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilities $323.33M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilities $298.96M USD Point-in-time
Senior debt SecuredDebt $366.27M USD Point-in-time
Senior debt SecuredDebt $325.00M USD Point-in-time
Senior notes SeniorNotes $550.00M USD Point-in-time
Senior notes SeniorNotes $550.00M USD Point-in-time
Total Liabilities Liabilities $1.67B USD Point-in-time
Total Liabilities Liabilities $1.68B USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES CommitmentsAndContingencies - USD Point-in-time
Common stock, $.01 par value; 250,000,000 shares authorized; 109,158,738 and 109,108,218 shares issued in 2014 and 2013, respectively CommonStockValue $1.09M USD Point-in-time
Common stock, $.01 par value; 250,000,000 shares authorized; 109,158,738 and 109,108,218 shares issued in 2014 and 2013, respectively CommonStockValue $1.09M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $802.12M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $804.21M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.90B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.89B USD Point-in-time
Treasury stock at cost, 56,369,752 shares in 2014 and 2013 TreasuryStockValue $1.35B USD Point-in-time
Treasury stock at cost, 56,369,752 shares in 2014 and 2013 TreasuryStockValue $1.35B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-86.00K USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $11.00K USD Point-in-time
Total Stockholders' Equity StockholdersEquity $1.34B USD Point-in-time
Total Stockholders' Equity StockholdersEquity $1.36B USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $3.02B USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $3.03B USD Point-in-time
Income Statement 57 line items
Line Item Tag Value Unit Period
Rentals and fees RentalsAndFees $694.17M USD 1 Quarter
Rentals and fees RentalsAndFees $673.60M USD 1 Quarter
Merchandise sales MerchandiseSales $108.06M USD 1 Quarter
Merchandise sales MerchandiseSales $113.57M USD 1 Quarter
Installment sales InstallmentSales $17.13M USD 1 Quarter
Installment sales InstallmentSales $18.36M USD 1 Quarter
Other OtherSalesRevenueNet $4.76M USD 1 Quarter
Other OtherSalesRevenueNet $4.26M USD 1 Quarter
Store revenues Storerevenues $809.06M USD 1 Quarter
Store revenues Storerevenues $824.84M USD 1 Quarter
Merchandise sales FranchiseMerchandiseSales $8.83M USD 1 Quarter
Merchandise sales FranchiseMerchandiseSales $7.32M USD 1 Quarter
Royalty income and fees FranchiseRoyaltyIncomeAndFees $1.38M USD 1 Quarter
Royalty income and fees FranchiseRoyaltyIncomeAndFees $1.58M USD 1 Quarter
Revenues Revenues $833.75M USD 1 Quarter
Revenues Revenues $819.28M USD 1 Quarter
Cost of rentals and fees CostOfRentalsAndFees $177.87M USD 1 Quarter
Cost of rentals and fees CostOfRentalsAndFees $167.92M USD 1 Quarter
Cost of merchandise sold CostOfMerchandiseSold $86.30M USD 1 Quarter
Cost of merchandise sold CostOfMerchandiseSold $79.62M USD 1 Quarter
Cost of installment sales CostOfInstallmentSales $6.38M USD 1 Quarter
Cost of installment sales CostOfInstallmentSales $5.97M USD 1 Quarter
Cost of store revenues Costofstorerevenues $263.87M USD 1 Quarter
Cost of store revenues Costofstorerevenues $260.19M USD 1 Quarter
Franchise cost of merchandise sold FranchiseCostOfMerchandiseSold $8.42M USD 1 Quarter
Franchise cost of merchandise sold FranchiseCostOfMerchandiseSold $7.00M USD 1 Quarter
Cost of revenues CostOfRevenue $268.60M USD 1 Quarter
Cost of revenues CostOfRevenue $270.87M USD 1 Quarter
Gross profit GrossProfit $562.88M USD 1 Quarter
Gross profit GrossProfit $550.68M USD 1 Quarter
Salaries and other expenses SalariesAndOtherExpenses $432.19M USD 1 Quarter
Salaries and other expenses SalariesAndOtherExpenses $457.63M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $44.74M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $38.81M USD 1 Quarter
Amortization and write-down of intangibles AmortizationAndWriteDownOfIntangibles $890.00K USD 1 Quarter
Amortization and write-down of intangibles AmortizationAndWriteDownOfIntangibles $747.00K USD 1 Quarter
Total operating expenses OperatingExpenses $471.89M USD 1 Quarter
Total operating expenses OperatingExpenses $503.11M USD 1 Quarter
Operating profit OperatingIncomeLoss $78.78M USD 1 Quarter
Operating profit OperatingIncomeLoss $59.76M USD 1 Quarter
Finance charges from refinancing FinanceChargesFromRefinancing $1.95M USD 1 Quarter
Interest expense InterestExpense $8.00M USD 1 Quarter
Interest expense InterestExpense $11.40M USD 1 Quarter
Interest income InvestmentIncomeInterest $236.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $293.00K USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $71.08M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $46.65M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $17.80M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $24.94M USD 1 Quarter
NET EARNINGS NetIncomeLoss $28.86M USD 1 Quarter
NET EARNINGS NetIncomeLoss $46.13M USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $0.80 USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $0.55 USD 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $0.54 USD 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $0.79 USD 1 Quarter
Cash dividends declared per common share CommonStockDividendsPerShareCashPaid $0.23 USD 1 Quarter
Cash dividends declared per common share CommonStockDividendsPerShareCashPaid $0.21 USD 1 Quarter
Cash Flow Statement 72 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $28.86M USD 1 Quarter
Net earnings NetIncomeLoss $46.13M USD 1 Quarter
Borrowing in Revolving Debt BorrowinginRevolvingDebt $100.00M USD 1 Quarter
Repayment of Revolving Debt RepaymentofRevolvingDebt $140.00M USD 1 Quarter
Depreciation of rental merchandise DepreciationOfRentalMerchandise $160.98M USD 1 Quarter
Depreciation of rental merchandise DepreciationOfRentalMerchandise $169.84M USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $3.66M USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $2.90M USD 1 Quarter
Borrowing in Term Loans BorrowinginTermLoans $225.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.47M USD 1 Quarter
Repayment of Term Loans RepaymentofTermLoans $187.50M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.13M USD 1 Quarter
Net Cash Payment in Debt Refinancing NetCashPaymentinDebtRefinancing $2.50M USD 1 Quarter
Depreciation of property assets Depreciation $19.14M USD 1 Quarter
Depreciation of property assets Depreciation $18.47M USD 1 Quarter
Loss on sale or disposal of property assets GainLossOnSaleOfPropertyPlantEquipment $-1.49M USD 1 Quarter
Loss on sale or disposal of property assets GainLossOnSaleOfPropertyPlantEquipment $-1.37M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $715.00K USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $747.00K USD 1 Quarter
Amortization of financing fees AmortizationOfFinancingCosts $691.00K USD 1 Quarter
Amortization of financing fees AmortizationOfFinancingCosts $870.00K USD 1 Quarter
Finance charges from refinancing FinanceChargesFromRefinancing $1.95M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $969.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-24.37M USD 1 Quarter
Excess tax benefit related to stock awards ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $20.00K USD 1 Quarter
Excess tax benefit related to stock awards ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $1.14M USD 1 Quarter
Rental merchandise IncreaseDecreaseInRentalMerchandise $187.58M USD 1 Quarter
Rental merchandise IncreaseDecreaseInRentalMerchandise $135.41M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $2.85M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $135.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-6.63M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $4.61M USD 1 Quarter
Accounts payable - trade IncreaseDecreaseInAccountsPayableTrade $33.00M USD 1 Quarter
Accounts payable - trade IncreaseDecreaseInAccountsPayableTrade $2.37M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $28.33M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $56.92M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $120.06M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $113.46M USD 1 Quarter
Purchase of property assets PaymentsToAcquirePropertyPlantAndEquipment $23.11M USD 1 Quarter
Purchase of property assets PaymentsToAcquirePropertyPlantAndEquipment $19.64M USD 1 Quarter
Proceeds from sale of property assets ProceedsFromSaleOfPropertyPlantAndEquipment $7.00K USD 1 Quarter
Proceeds from sale of property assets ProceedsFromSaleOfPropertyPlantAndEquipment $8.00K USD 1 Quarter
Acquisitions of businesses PaymentsToAcquireBusinessesNetOfCashAcquired $5.37M USD 1 Quarter
Acquisitions of businesses PaymentsToAcquireBusinessesNetOfCashAcquired $2.08M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-28.47M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-21.71M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $17.42M USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $632.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $3.70M USD 1 Quarter
Excess tax benefit related to stock awards ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.14M USD 1 Quarter
Excess tax benefit related to stock awards ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $20.00K USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfSecuredDebt $176.58M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfSecuredDebt $95.22M USD 1 Quarter
Repayments of debt RepaymentsOfSecuredDebt $141.44M USD 1 Quarter
Repayments of debt RepaymentsOfSecuredDebt $217.85M USD 1 Quarter
Dividends paid PaymentsOfDividends $12.15M USD 1 Quarter
Dividends paid PaymentsOfDividends $12.19M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-70.98M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-52.77M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $394.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-82.00K USD 1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $38.74M USD 1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $21.17M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $61.09M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $42.27M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $81.01M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $82.25M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $61.09M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $42.27M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $81.01M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $82.25M USD Point-in-time
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $28.86M USD 1 Quarter
Net earnings NetIncomeLoss $46.13M USD 1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $1.62M USD 1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-97.00K USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-97.00K USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.62M USD 1 Quarter
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $28.76M USD 1 Quarter
COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $47.76M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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