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10-Q Filing

UPBOUND GROUP, INC. CIK: 933036 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000933036-18-000015
Period End Date 20180331
Filing Date 20180503
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance rcii-20180331.xml
Filing Contents
Balance Sheet 63 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $3.59M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $3.84M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $4.17M USD Point-in-time
Property assets, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $528.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $58.13M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $95.40M USD Point-in-time
Property assets, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $525.67M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $72.97M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $81.39M USD Point-in-time
Common stock - par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Receivables, net of allowance for doubtful accounts of $3,837 and $4,167 in 2018 and 2017, respectively AccountsReceivableNet $64.82M USD Point-in-time
Common stock - par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Receivables, net of allowance for doubtful accounts of $3,837 and $4,167 in 2018 and 2017, respectively AccountsReceivableNet $69.82M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $67.52M USD Point-in-time
Common stock - shares authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $64.58M USD Point-in-time
Common stock - shares authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Common stock - shares issued CommonStockSharesIssued 109.68M shares Point-in-time
Common stock - shares issued CommonStockSharesIssued 109.78M shares Point-in-time
On rent RentalMerchandiseOnRentNet $701.80M USD Point-in-time
Treasury stock - shares at cost TreasuryStockShares 56.37M shares Point-in-time
On rent RentalMerchandiseOnRentNet $649.89M USD Point-in-time
Treasury stock - shares at cost TreasuryStockShares 56.37M shares Point-in-time
Held for rent RentalMerchandiseHeldForRentNet $162.62M USD Point-in-time
Held for rent RentalMerchandiseHeldForRentNet $167.19M USD Point-in-time
Merchandise held for installment sale RetailRelatedInventoryMerchandise $4.03M USD Point-in-time
Merchandise held for installment sale RetailRelatedInventoryMerchandise $3.63M USD Point-in-time
Property assets, net of accumulated depreciation of $528,096 and $525,673 in 2018 and 2017, respectively PropertyPlantAndEquipmentNet $269.94M USD Point-in-time
Property assets, net of accumulated depreciation of $528,096 and $525,673 in 2018 and 2017, respectively PropertyPlantAndEquipmentNet $282.90M USD Point-in-time
Deferred tax asset DeferredTaxAssetsLiabilitiesNet - USD Point-in-time
Deferred tax asset DeferredTaxAssetsLiabilitiesNet $29.01M USD Point-in-time
Goodwill Goodwill $56.61M USD Point-in-time
Goodwill Goodwill $56.78M USD Point-in-time
Other intangible assets, net FiniteLivedIntangibleAssetsNet $828.00K USD Point-in-time
Other intangible assets, net FiniteLivedIntangibleAssetsNet $882.00K USD Point-in-time
Total Assets Assets $1.39B USD Point-in-time
Total Assets Assets $1.42B USD Point-in-time
Accounts payable - trade AccountsPayableCurrentAndNoncurrent $90.85M USD Point-in-time
Accounts payable - trade AccountsPayableCurrentAndNoncurrent $90.35M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrentAndNoncurrent $329.68M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrentAndNoncurrent $298.02M USD Point-in-time
Deferred tax liability DeferredTaxLiabilities $87.08M USD Point-in-time
Deferred tax liability DeferredTaxLiabilities $114.43M USD Point-in-time
Senior debt, net SecuredDebtNet $57.43M USD Point-in-time
Senior debt, net SecuredDebtNet $134.12M USD Point-in-time
Senior notes, net SeniorNotesNet $538.76M USD Point-in-time
Senior notes, net SeniorNotesNet $539.08M USD Point-in-time
Total Liabilities Liabilities $1.13B USD Point-in-time
Total Liabilities Liabilities $1.15B USD Point-in-time
Common stock, $.01 par value; 250,000,000 shares authorized; 109,783,653 and 109,681,559 shares issued in 2018 and 2017, respectively CommonStockValue $1.10M USD Point-in-time
Common stock, $.01 par value; 250,000,000 shares authorized; 109,783,653 and 109,681,559 shares issued in 2018 and 2017, respectively CommonStockValue $1.10M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $833.31M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $831.27M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $798.74M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $777.59M USD Point-in-time
Treasury stock at cost, 56,369,752 shares in 2018 and 2017 TreasuryStockValue $1.35B USD Point-in-time
Treasury stock at cost, 56,369,752 shares in 2018 and 2017 TreasuryStockValue $1.35B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-9.34M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-10.99M USD Point-in-time
Total Stockholders' Equity StockholdersEquity $254.98M USD Point-in-time
Total Stockholders' Equity StockholdersEquity $272.44M USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $1.42B USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $1.39B USD Point-in-time
Income Statement 60 line items
Line Item Tag Value Unit Period
Rentals and fees RentalsAndFees $564.71M USD 1 Quarter
Rentals and fees RentalsAndFees $595.41M USD 1 Quarter
Merchandise sales MerchandiseSales $107.36M USD 1 Quarter
Merchandise sales MerchandiseSales $121.72M USD 1 Quarter
Installment sales InstallmentSales $16.40M USD 1 Quarter
Installment sales InstallmentSales $16.76M USD 1 Quarter
Other OtherSalesRevenueNet $2.58M USD 1 Quarter
Other OtherSalesRevenueNet $2.65M USD 1 Quarter
Total store revenues Storerevenues $691.06M USD 1 Quarter
Total store revenues Storerevenues $736.54M USD 1 Quarter
Merchandise sales FranchiseMerchandiseSales $3.32M USD 1 Quarter
Merchandise sales FranchiseMerchandiseSales $3.63M USD 1 Quarter
Royalty income and fees FranchiseRoyaltyIncomeAndFees $2.12M USD 1 Quarter
Royalty income and fees FranchiseRoyaltyIncomeAndFees $3.35M USD 1 Quarter
Total revenues Revenues $698.04M USD 1 Quarter
Total revenues Revenues $741.99M USD 1 Quarter
Cost of rentals and fees CostOfRentalsAndFees $162.03M USD 1 Quarter
Cost of rentals and fees CostOfRentalsAndFees $156.09M USD 1 Quarter
Cost of merchandise sold CostOfMerchandiseSold $109.12M USD 1 Quarter
Cost of merchandise sold CostOfMerchandiseSold $96.35M USD 1 Quarter
Cost of installment sales CostOfInstallmentSales $5.24M USD 1 Quarter
Cost of installment sales CostOfInstallmentSales $5.18M USD 1 Quarter
Total cost of store revenues Costofstorerevenues $257.69M USD 1 Quarter
Total cost of store revenues Costofstorerevenues $276.34M USD 1 Quarter
Franchise cost of merchandise sold FranchiseCostOfMerchandiseSold $2.98M USD 1 Quarter
Franchise cost of merchandise sold FranchiseCostOfMerchandiseSold $3.38M USD 1 Quarter
Total cost of revenues CostOfRevenue $261.06M USD 1 Quarter
Total cost of revenues CostOfRevenue $279.32M USD 1 Quarter
Gross profit GrossProfit $436.98M USD 1 Quarter
Gross profit GrossProfit $462.66M USD 1 Quarter
Labor StoreLaborExpenses $181.07M USD 1 Quarter
Labor StoreLaborExpenses $192.11M USD 1 Quarter
Other store expenses OtherStoreExpenses $197.44M USD 1 Quarter
Other store expenses OtherStoreExpenses $185.95M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $44.87M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $39.77M USD 1 Quarter
Depreciation, amortization and impairment of intangibles DepreciationAmortizationandWritedownofIntangibles $18.54M USD 1 Quarter
Depreciation, amortization and impairment of intangibles DepreciationAmortizationandWritedownofIntangibles $17.90M USD 1 Quarter
Other charges RestructuringCostsAndAssetImpairmentCharges $17.45M USD 1 Quarter
Other charges RestructuringCostsAndAssetImpairmentCharges $13.65M USD 1 Quarter
Total operating expenses OperatingExpenses $461.51M USD 1 Quarter
Total operating expenses OperatingExpenses $447.25M USD 1 Quarter
Operating (loss) profit OperatingIncomeLoss $-10.27M USD 1 Quarter
Operating (loss) profit OperatingIncomeLoss $1.15M USD 1 Quarter
Interest expense InterestExpense $11.36M USD 1 Quarter
Interest expense InterestExpense $11.63M USD 1 Quarter
Interest income InvestmentIncomeInterest $156.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $209.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-10.32M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-21.42M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-3.64M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-1.58M USD 1 Quarter
Net loss NetIncomeLoss $-6.68M USD 1 Quarter
Net loss NetIncomeLoss $-19.84M USD 1 Quarter
Basic loss per common share EarningsPerShareBasic $-0.37 USD 1 Quarter
Basic loss per common share EarningsPerShareBasic $-0.13 USD 1 Quarter
Diluted loss per common share EarningsPerShareDiluted $-0.13 USD 1 Quarter
Diluted loss per common share EarningsPerShareDiluted $-0.37 USD 1 Quarter
Cash dividends declared per common share CommonStockDividendsPerShareCashPaid $0.08 USD 1 Quarter
Cash dividends declared per common share CommonStockDividendsPerShareCashPaid - USD 1 Quarter
Cash Flow Statement 63 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-6.68M USD 1 Quarter
Net loss NetIncomeLoss $-19.84M USD 1 Quarter
Depreciation of rental merchandise DepreciationOfRentalMerchandise $154.13M USD 1 Quarter
Depreciation of rental merchandise DepreciationOfRentalMerchandise $160.49M USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $15.70M USD Annual
Bad debt expense ProvisionForDoubtfulAccounts $3.44M USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $3.42M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.86M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $-698.00K USD 1 Quarter
Depreciation of property assets Depreciation $17.74M USD 1 Quarter
Depreciation of property assets Depreciation $18.21M USD 1 Quarter
Loss on sale or disposal of property assets GainLossOnSaleOfPropertyPlantEquipment $-1.91M USD 1 Quarter
Loss on sale or disposal of property assets GainLossOnSaleOfPropertyPlantEquipment $-755.00K USD 1 Quarter
Amortization and impairment of intangibles AmortizationOfIntangibleAssets $157.00K USD 1 Quarter
Amortization and impairment of intangibles AmortizationOfIntangibleAssets $4.23M USD 1 Quarter
Amortization of financing fees AmortizationOfFinancingCosts $1.34M USD 1 Quarter
Amortization of financing fees AmortizationOfFinancingCosts $756.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-13.09M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-1.27M USD 1 Quarter
Rental merchandise IncreaseDecreaseInRentalMerchandise $104.59M USD 1 Quarter
Rental merchandise IncreaseDecreaseInRentalMerchandise $103.44M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-1.56M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $243.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.94M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-2.89M USD 1 Quarter
Accounts payable - trade IncreaseDecreaseInAccountsPayableTrade $-25.61M USD 1 Quarter
Accounts payable - trade IncreaseDecreaseInAccountsPayableTrade $498.00K USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $29.32M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $19.48M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $84.48M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $59.32M USD 1 Quarter
Purchase of property assets PaymentsToAcquirePropertyPlantAndEquipment $8.65M USD 1 Quarter
Purchase of property assets PaymentsToAcquirePropertyPlantAndEquipment $22.05M USD 1 Quarter
Proceeds from sale of stores ProceedsFromSaleOfPropertyPlantAndEquipment $475.00K USD 1 Quarter
Proceeds from sale of stores ProceedsFromSaleOfPropertyPlantAndEquipment $9.46M USD 1 Quarter
Acquisitions of businesses PaymentsToAcquireBusinessesNetOfCashAcquired $440.00K USD 1 Quarter
Acquisitions of businesses PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-21.57M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $374.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised - USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $375.00K USD 1 Quarter
Shares withheld for payment of employee tax withholdings PaymentsRelatedToTaxWithholdingForShareBasedCompensation $205.00K USD 1 Quarter
Shares withheld for payment of employee tax withholdings PaymentsRelatedToTaxWithholdingForShareBasedCompensation $187.00K USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfSecuredDebt $26.85M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfSecuredDebt $86.38M USD 1 Quarter
Repayments of debt RepaymentsOfSecuredDebt $104.45M USD 1 Quarter
Repayments of debt RepaymentsOfSecuredDebt $157.94M USD 1 Quarter
Dividends paid PaymentsOfDividends $4.27M USD 1 Quarter
Dividends paid PaymentsOfDividends - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-77.43M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-76.02M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $1.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $1.00M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-37.27M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $8.43M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $58.13M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $95.40M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $72.97M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $81.39M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $58.13M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $95.40M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $72.97M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $81.39M USD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Foreign currency translation tax adjustment OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $438.00K USD 1 Quarter
Net loss NetIncomeLoss $-6.68M USD 1 Quarter
Net loss NetIncomeLoss $-19.84M USD 1 Quarter
Foreign currency translation tax adjustment OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $2.99M USD 1 Quarter
Foreign currency translation adjustments, net of tax of $438 and $2,991 for 2018 and 2017, respectively OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $1.65M USD 1 Quarter
Foreign currency translation adjustments, net of tax of $438 and $2,991 for 2018 and 2017, respectively OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $5.55M USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $5.55M USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.65M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-1.12M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-18.20M USD 1 Quarter

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

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