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10-Q Filing

UPBOUND GROUP, INC. CIK: 933036 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000933036-19-000017
Period End Date 20190331
Filing Date 20190509
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance rcii-20190331.xml
Balance Sheet 64 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $4.88M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $4.47M USD Point-in-time
Property assets, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $548.55M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $81.39M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $155.39M USD Point-in-time
Property assets, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $551.75M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $72.97M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $237.74M USD Point-in-time
Common stock - par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Receivables, net of allowance for doubtful accounts of $4,468 and $4,883 in 2019 and 2018, respectively AccountsReceivableNet $63.76M USD Point-in-time
Receivables, net of allowance for doubtful accounts of $4,468 and $4,883 in 2019 and 2018, respectively AccountsReceivableNet $69.64M USD Point-in-time
Common stock - par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock - shares authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $39.88M USD Point-in-time
Common stock - shares authorized CommonStockSharesAuthorized 250.00M shares Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $51.35M USD Point-in-time
Common stock - shares issued CommonStockSharesIssued 110.41M shares Point-in-time
Common stock - shares issued CommonStockSharesIssued 109.91M shares Point-in-time
On rent RentalMerchandiseOnRentNet $647.54M USD Point-in-time
On rent RentalMerchandiseOnRentNet $683.81M 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
Held for rent RentalMerchandiseHeldForRentNet $120.39M USD Point-in-time
Held for rent RentalMerchandiseHeldForRentNet $123.66M USD Point-in-time
Merchandise held for installment sale RetailRelatedInventoryMerchandise $3.66M USD Point-in-time
Merchandise held for installment sale RetailRelatedInventoryMerchandise $3.83M USD Point-in-time
Property assets, net of accumulated depreciation of $548,549 and $551,750 in 2019 and 2018, respectively PropertyPlantAndEquipmentNet $226.32M USD Point-in-time
Property assets, net of accumulated depreciation of $548,549 and $551,750 in 2019 and 2018, respectively PropertyPlantAndEquipmentNet $211.90M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset - USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $273.83M USD Point-in-time
Deferred tax asset DeferredTaxAssetsLiabilitiesNet $25.56M USD Point-in-time
Deferred tax asset DeferredTaxAssetsLiabilitiesNet $25.57M USD Point-in-time
Goodwill Goodwill $56.84M USD Point-in-time
Goodwill Goodwill $56.81M USD Point-in-time
Other intangible assets, net FiniteLivedIntangibleAssetsNet $499.00K USD Point-in-time
Other intangible assets, net FiniteLivedIntangibleAssetsNet $329.00K USD Point-in-time
Total Assets Assets $1.40B USD Point-in-time
Total Assets Assets $1.68B USD Point-in-time
Accounts payable - trade AccountsPayableCurrentAndNoncurrent $113.84M USD Point-in-time
Accounts payable - trade AccountsPayableCurrentAndNoncurrent $118.90M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrentAndNoncurrent $337.46M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrentAndNoncurrent $326.66M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability - USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $284.49M USD Point-in-time
Deferred tax liability DeferredTaxLiabilities $116.75M USD Point-in-time
Deferred tax liability DeferredTaxLiabilities $119.06M USD Point-in-time
Senior notes, net SeniorNotesNet $540.36M USD Point-in-time
Senior notes, net SeniorNotesNet $540.04M USD Point-in-time
Total Liabilities Liabilities $1.11B USD Point-in-time
Total Liabilities Liabilities $1.39B USD Point-in-time
Common stock, $.01 par value; 250,000,000 shares authorized; 110,412,469 and 109,909,504 shares issued in 2019 and 2018, respectively CommonStockValue $1.10M USD Point-in-time
Common stock, $.01 par value; 250,000,000 shares authorized; 110,412,469 and 109,909,504 shares issued in 2019 and 2018, respectively CommonStockValue $1.10M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $840.30M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $838.44M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $811.27M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $805.92M USD Point-in-time
Treasury stock at cost, 56,369,752 shares in 2019 and 2018 TreasuryStockValue $1.35B USD Point-in-time
Treasury stock at cost, 56,369,752 shares in 2019 and 2018 TreasuryStockValue $1.35B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-10.74M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-11.27M USD Point-in-time
Total Stockholders' Equity StockholdersEquity $286.52M USD Point-in-time
Total Stockholders' Equity StockholdersEquity $294.25M USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $1.40B USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $1.68B USD Point-in-time
Income Statement 58 line items
Line Item Tag Value Unit Period
Rentals and fees RentalsAndFees $563.35M USD 1 Quarter
Rentals and fees RentalsAndFees $564.71M USD 1 Quarter
Merchandise sales MerchandiseSales $104.47M USD 1 Quarter
Merchandise sales MerchandiseSales $107.36M USD 1 Quarter
Installment sales InstallmentSales $15.44M USD 1 Quarter
Installment sales InstallmentSales $16.40M USD 1 Quarter
Other OtherStoreRevenue $2.58M USD 1 Quarter
Other OtherStoreRevenue $664.00K USD 1 Quarter
Total store revenues Storerevenues $683.92M USD 1 Quarter
Total store revenues Storerevenues $691.06M USD 1 Quarter
Merchandise sales FranchiseMerchandiseSales $3.63M USD 1 Quarter
Merchandise sales FranchiseMerchandiseSales $8.46M USD 1 Quarter
Royalty income and fees FranchiseRoyaltyIncomeAndFees $3.35M USD 1 Quarter
Royalty income and fees FranchiseRoyaltyIncomeAndFees $4.31M USD 1 Quarter
Total revenues Revenues $698.04M USD 1 Quarter
Total revenues Revenues $696.69M USD 1 Quarter
Cost of rentals and fees CostOfRentalsAndFees $155.37M USD 1 Quarter
Cost of rentals and fees CostOfRentalsAndFees $156.09M USD 1 Quarter
Cost of merchandise sold CostOfMerchandiseSold $96.35M USD 1 Quarter
Cost of merchandise sold CostOfMerchandiseSold $103.39M USD 1 Quarter
Cost of installment sales CostOfInstallmentSales $5.24M USD 1 Quarter
Cost of installment sales CostOfInstallmentSales $4.92M USD 1 Quarter
Total cost of store revenues Costofstorerevenues $263.69M USD 1 Quarter
Total cost of store revenues Costofstorerevenues $257.69M USD 1 Quarter
Franchise cost of merchandise sold FranchiseCostOfMerchandiseSold $3.38M USD 1 Quarter
Franchise cost of merchandise sold FranchiseCostOfMerchandiseSold $8.14M USD 1 Quarter
Total cost of revenues CostOfRevenue $271.83M USD 1 Quarter
Total cost of revenues CostOfRevenue $261.06M USD 1 Quarter
Gross profit GrossProfit $436.98M USD 1 Quarter
Gross profit GrossProfit $424.87M USD 1 Quarter
Labor StoreLaborExpenses $161.66M USD 1 Quarter
Labor StoreLaborExpenses $181.07M USD 1 Quarter
Other store expenses OtherStoreExpenses $163.79M 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 $32.92M USD 1 Quarter
Depreciation, amortization and impairment of intangibles DepreciationAmortizationandWritedownofIntangibles $17.90M USD 1 Quarter
Depreciation, amortization and impairment of intangibles DepreciationAmortizationandWritedownofIntangibles $15.77M USD 1 Quarter
Other charges RestructuringCostsAndAssetImpairmentCharges $33.37M USD 1 Quarter
Other charges RestructuringCostsAndAssetImpairmentCharges $17.45M USD 1 Quarter
Total operating expenses OperatingExpenses $447.25M USD 1 Quarter
Total operating expenses OperatingExpenses $407.52M USD 1 Quarter
Operating profit (loss) OperatingIncomeLoss $17.35M USD 1 Quarter
Operating profit (loss) OperatingIncomeLoss $-10.27M USD 1 Quarter
Interest expense InterestExpense $11.36M USD 1 Quarter
Interest expense InterestExpense $9.39M USD 1 Quarter
Interest income InvestmentIncomeInterest $874.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $209.00K USD 1 Quarter
Earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-21.42M USD 1 Quarter
Earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $8.83M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $-1.58M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $1.51M USD 1 Quarter
Net earnings (loss) NetIncomeLoss $-19.84M USD 1 Quarter
Net earnings (loss) NetIncomeLoss $7.32M USD 1 Quarter
Basic earnings (loss) per common share EarningsPerShareBasic $-0.37 USD 1 Quarter
Basic earnings (loss) per common share EarningsPerShareBasic $0.14 USD 1 Quarter
Diluted earnings (loss) per common share EarningsPerShareDiluted $-0.37 USD 1 Quarter
Diluted earnings (loss) per common share EarningsPerShareDiluted $0.13 USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net earnings (loss) NetIncomeLoss $-19.84M USD 1 Quarter
Net earnings (loss) NetIncomeLoss $7.32M USD 1 Quarter
Depreciation of rental merchandise DepreciationOfRentalMerchandise $154.13M USD 1 Quarter
Depreciation of rental merchandise DepreciationOfRentalMerchandise $155.11M USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $3.44M USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $2.94M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.86M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $709.00K USD 1 Quarter
Depreciation of property assets Depreciation $15.69M USD 1 Quarter
Depreciation of property assets Depreciation $17.74M USD 1 Quarter
Loss on sale or disposal of property assets GainLossOnSaleOfPropertyPlantEquipment $-1.34M USD 1 Quarter
Loss on sale or disposal of property assets GainLossOnSaleOfPropertyPlantEquipment $-1.91M USD 1 Quarter
Amortization and impairment of intangibles AmortizationOfIntangibleAssets $157.00K USD 1 Quarter
Amortization and impairment of intangibles AmortizationOfIntangibleAssets $79.00K USD 1 Quarter
Amortization of financing fees AmortizationOfFinancingCosts $973.00K USD 1 Quarter
Amortization of financing fees AmortizationOfFinancingCosts $1.34M USD 1 Quarter
Amortization of right-of-use operating lease assets IncreaseDecreaseInOtherOperatingAssets $-26.82M USD 1 Quarter
Amortization of right-of-use operating lease assets IncreaseDecreaseInOtherOperatingAssets - USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-1.91M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-1.27M USD 1 Quarter
Rental merchandise IncreaseDecreaseInRentalMerchandise $103.44M USD 1 Quarter
Rental merchandise IncreaseDecreaseInRentalMerchandise $123.97M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-1.56M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-2.94M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.94M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-11.59M USD 1 Quarter
Accounts payable - trade IncreaseDecreaseInAccountsPayableTrade $5.07M USD 1 Quarter
Accounts payable - trade IncreaseDecreaseInAccountsPayableTrade $498.00K USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOtherOperatingLiabilities $-25.32M USD 1 Quarter
Operating lease liabilities IncreaseDecreaseInOtherOperatingLiabilities - USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $29.32M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-3.62M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $75.78M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $84.48M USD 1 Quarter
Purchase of property assets PaymentsToAcquirePropertyPlantAndEquipment $2.51M USD 1 Quarter
Purchase of property assets PaymentsToAcquirePropertyPlantAndEquipment $8.65M USD 1 Quarter
Proceeds from sale of property assets ProceedsFromSaleOfPropertyPlantAndEquipment $9.46M USD 1 Quarter
Proceeds from sale of property assets ProceedsFromSaleOfPropertyPlantAndEquipment $8.47M USD 1 Quarter
Acquisitions of businesses PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisitions of businesses PaymentsToAcquireBusinessesNetOfCashAcquired $440.00K USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $5.97M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $374.00K USD 1 Quarter
Exercise of stock options ProceedsFromStockOptionsExercised $2.89M 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 $2.33M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $157.00K USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfSecuredDebt $26.85M USD 1 Quarter
Proceeds from debt ProceedsFromIssuanceOfSecuredDebt $5.40M USD 1 Quarter
Repayments of debt RepaymentsOfSecuredDebt $5.40M USD 1 Quarter
Repayments of debt RepaymentsOfSecuredDebt $104.45M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $405.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-77.43M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $206.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $1.00M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $82.35M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $8.43M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $81.39M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $155.39M 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 $237.74M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $81.39M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $155.39M 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 $237.74M USD Point-in-time
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
Total Stockholders' Equity StockholdersEquity $286.52M USD Point-in-time
Total Stockholders' Equity StockholdersEquity $294.25M USD Point-in-time
Net earnings (loss) NetIncomeLoss $-19.84M USD 1 Quarter
Net earnings (loss) NetIncomeLoss $7.32M USD 1 Quarter
Foreign currency translation adjustments, net of tax of $138 and $438 for the three months ended 2019 and 2018, respectively OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $521.00K USD 1 Quarter
Foreign currency translation adjustments, net of tax of $138 and $438 for the three months ended 2019 and 2018, respectively OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $1.65M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $2.89M USD 1 Quarter
Vesting of restricted share units StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 1 Quarter
Shares withheld for employee taxes on awards vested & exercised AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $-1.73M USD 1 Quarter
ASC 842 adoption CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $-1.98M USD Point-in-time
ASC 842 adoption CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $-2.00M USD Point-in-time
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $-709.00K USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Foreign currency translation tax adjustment OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $438.00K USD 1 Quarter
Net earnings (loss) NetIncomeLoss $-19.84M USD 1 Quarter
Foreign currency translation tax adjustment OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $138.00K USD 1 Quarter
Net earnings (loss) NetIncomeLoss $7.32M USD 1 Quarter
Foreign currency translation adjustments, net of tax of $138 and $438 for the three months ended 2019 and 2018, respectively OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $521.00K USD 1 Quarter
Foreign currency translation adjustments, net of tax of $138 and $438 for the three months ended 2019 and 2018, respectively OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $1.65M USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $521.00K USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.65M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $7.84M USD 1 Quarter
Comprehensive income (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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