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10-Q Filing

CONNS INC CIK: 1223389 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001223389-18-000033
Period End Date 20180430
Filing Date 20180607
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance conn-20180430.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $9.29M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $6.19M USD Point-in-time
Restricted cash (includes VIE balance of $75,174 and $85,322, respectively) RestrictedCashAndCashEquivalents $86.87M USD Point-in-time
Restricted cash (includes VIE balance of $75,174 and $85,322, respectively) RestrictedCashAndCashEquivalents $76.72M USD Point-in-time
Customer accounts receivable, net of allowances (includes VIE balance of $391,853 and $459,708, respectively) AccountsReceivableNetCurrent $618.16M USD Point-in-time
Customer accounts receivable, net of allowances (includes VIE balance of $391,853 and $459,708, respectively) AccountsReceivableNetCurrent $636.83M USD Point-in-time
Restricted cash, VIE balance RestrictedCashAndCashEquivalents $86.87M USD Point-in-time
Restricted cash, VIE balance RestrictedCashAndCashEquivalents $76.72M USD Point-in-time
Other accounts receivable OtherReceivablesNetCurrent $73.54M USD Point-in-time
Other accounts receivable OtherReceivablesNetCurrent $71.19M USD Point-in-time
Inventories InventoryNet $190.31M USD Point-in-time
Inventories InventoryNet $211.89M USD Point-in-time
Customer accounts receivable, VIE balance AccountsReceivableNetCurrent $618.16M USD Point-in-time
Customer accounts receivable, VIE balance AccountsReceivableNetCurrent $636.83M USD Point-in-time
Long-term portion of customer accounts receivable, VIE balance AccountsReceivableNetNoncurrent $650.61M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $620.00K USD Point-in-time
Long-term portion of customer accounts receivable, VIE balance AccountsReceivableNetNoncurrent $635.51M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $32.36M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $15.66M USD Point-in-time
Current maturities of long-term debt and capital lease obligations, VIE balance LongTermDebtCurrent $23.18M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $31.59M USD Point-in-time
Current maturities of long-term debt and capital lease obligations, VIE balance LongTermDebtCurrent $907.00K USD Point-in-time
Total current assets AssetsCurrent $981.21M USD Point-in-time
Long-term debt and capital lease obligations, VIE balance LongTermDebtAndCapitalLeaseObligations $929.53M USD Point-in-time
Long-term debt and capital lease obligations, VIE balance LongTermDebtAndCapitalLeaseObligations $1.09B USD Point-in-time
Total current assets AssetsCurrent $1.08B USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Long-term portion of customer accounts receivable, net of allowances (includes VIE balance of $329,039 and $455,002, respectively) AccountsReceivableNetNoncurrent $650.61M USD Point-in-time
Long-term portion of customer accounts receivable, net of allowances (includes VIE balance of $329,039 and $455,002, respectively) AccountsReceivableNetNoncurrent $635.51M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $141.31M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $143.15M USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $22.05M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $21.57M USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Other assets OtherAssetsNoncurrent $4.66M USD Point-in-time
Other assets OtherAssetsNoncurrent $5.46M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total assets Assets $1.78B USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total assets Assets $1.90B USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 31.59M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 31.44M shares Point-in-time
Current maturities of long-term debt and capital lease obligations (includes VIE balance of $22,085 and $0, respectively) LongTermDebtCurrent $23.18M USD Point-in-time
Current maturities of long-term debt and capital lease obligations (includes VIE balance of $22,085 and $0, respectively) LongTermDebtCurrent $907.00K USD Point-in-time
Accounts payable AccountsPayableCurrent $82.36M USD Point-in-time
Accounts payable AccountsPayableCurrent $71.62M USD Point-in-time
Accrued compensation and related expenses EmployeeRelatedLiabilitiesCurrent $21.37M USD Point-in-time
Accrued compensation and related expenses EmployeeRelatedLiabilitiesCurrent $11.21M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $44.81M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $46.10M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $2.94M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $9.75M USD Point-in-time
Deferred revenues and other credits DeferredRevenueCurrent $21.36M USD Point-in-time
Deferred revenues and other credits DeferredRevenueCurrent $22.48M USD Point-in-time
Total current liabilities LiabilitiesCurrent $164.11M USD Point-in-time
Total current liabilities LiabilitiesCurrent $193.97M USD Point-in-time
Deferred rent DeferredRentCreditNoncurrent $87.00M USD Point-in-time
Deferred rent DeferredRentCreditNoncurrent $85.73M USD Point-in-time
Long-term debt and capital lease obligations (includes VIE balance of $556,972 and $787,979, respectively) LongTermDebtAndCapitalLeaseObligations $929.53M USD Point-in-time
Long-term debt and capital lease obligations (includes VIE balance of $556,972 and $787,979, respectively) LongTermDebtAndCapitalLeaseObligations $1.09B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $25.86M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $24.51M USD Point-in-time
Total liabilities Liabilities $1.37B USD Point-in-time
Total liabilities Liabilities $1.24B USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock ($0.01 par value, 1,000,000 shares authorized; none issued or outstanding) PreferredStockValue - USD Point-in-time
Preferred stock ($0.01 par value, 1,000,000 shares authorized; none issued or outstanding) PreferredStockValue - USD Point-in-time
Common stock ($0.01 par value, 100,000,000 shares authorized; 31,586,827 and 31,435,775 shares issued, respectively) CommonStockValue $314.00K USD Point-in-time
Common stock ($0.01 par value, 100,000,000 shares authorized; 31,586,827 and 31,435,775 shares issued, respectively) CommonStockValue $316.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $101.98M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $101.09M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $433.67M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $447.36M USD Point-in-time
Total stockholders' equity StockholdersEquity $549.65M USD Point-in-time
Total stockholders' equity StockholdersEquity $535.07M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.78B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.90B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Product sales SalesRevenueGoodsNet $251.36M USD 1 Quarter
Product sales SalesRevenueGoodsNet $249.31M USD 1 Quarter
Repair service agreement commissions SalesRevenueRepairServicesNet $24.70M USD 1 Quarter
Repair service agreement commissions SalesRevenueRepairServicesNet $22.86M USD 1 Quarter
Service revenues SalesRevenueServicesNet $3.23M USD 1 Quarter
Service revenues SalesRevenueServicesNet $3.58M USD 1 Quarter
Total net sales SalesRevenueNet $275.76M USD 1 Quarter
Total net sales SalesRevenueNet $279.29M USD 1 Quarter
Finance charges and other revenues FinancialServicesRevenue $82.63M USD 1 Quarter
Finance charges and other revenues FinancialServicesRevenue $76.54M USD 1 Quarter
Total revenues Revenues $358.39M USD 1 Quarter
Total revenues Revenues $355.83M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $166.59M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $171.95M USD 1 Quarter
Selling, general and administrative expense SellingGeneralAndAdministrativeExpense $106.54M USD 1 Quarter
Selling, general and administrative expense SellingGeneralAndAdministrativeExpense $114.88M USD 1 Quarter
Provision for bad debts ProvisionForDoubtfulAccounts $55.93M USD 1 Quarter
Provision for bad debts ProvisionForDoubtfulAccounts $44.16M USD 1 Quarter
Charges and credits OtherNonrecurringIncomeExpense - USD 1 Quarter
Charges and credits OtherNonrecurringIncomeExpense $1.23M USD 1 Quarter
Total costs and expenses CostsAndExpenses $325.62M USD 1 Quarter
Total costs and expenses CostsAndExpenses $335.64M USD 1 Quarter
Operating income OperatingIncomeLoss $32.76M USD 1 Quarter
Operating income OperatingIncomeLoss $20.18M USD 1 Quarter
Interest expense InterestExpense $16.82M USD 1 Quarter
Interest expense InterestExpense $24.01M USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-349.00K USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-406.00K USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $15.54M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-4.17M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $-1.59M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $2.81M USD 1 Quarter
Net income (loss) NetIncomeLoss $12.73M USD 1 Quarter
Net income (loss) NetIncomeLoss $-2.58M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.40 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.08 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.08 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.39 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 31.54M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 30.97M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 32.45M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 30.97M shares 1 Quarter
Cash Flow Statement 82 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $12.73M USD 1 Quarter
Net income (loss) NetIncomeLoss $-2.58M USD 1 Quarter
Depreciation DepreciationAndAmortization $7.66M USD 1 Quarter
Depreciation DepreciationAndAmortization $7.63M USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $3.29M USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $5.61M USD 1 Quarter
Provision for bad debts and uncollectible interest ProvisionForBadDebtsAndUncollectibleInterest $55.66M USD 1 Quarter
Provision for bad debts and uncollectible interest ProvisionForBadDebtsAndUncollectibleInterest $65.75M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.52M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.58M USD 1 Quarter
Charges, net of credits, for store and facility closures and relocations CostsAndImpairmentChargesRelatedToStoreClosings - USD 1 Quarter
Charges, net of credits, for store and facility closures and relocations CostsAndImpairmentChargesRelatedToStoreClosings $323.00K USD 1 Quarter
Deferred income tax (benefit) expense DeferredIncomeTaxExpenseBenefit $114.00K USD 1 Quarter
Deferred income tax (benefit) expense DeferredIncomeTaxExpenseBenefit $-742.00K USD 1 Quarter
Gain on sale/disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment $204.00K USD 1 Quarter
Gain on sale/disposal of property and equipment GainLossOnSaleOfPropertyPlantEquipment $235.00K USD 1 Quarter
Tenant improvement allowances received from landlords PaymentsForProceedsFromTenantAllowance $-2.13M USD 1 Quarter
Tenant improvement allowances received from landlords PaymentsForProceedsFromTenantAllowance $-1.89M USD 1 Quarter
Customer accounts receivable IncreaseDecreaseInAccountsReceivable $-6.94M USD 1 Quarter
Customer accounts receivable IncreaseDecreaseInAccountsReceivable $21.64M USD 1 Quarter
Other accounts receivables IncreaseDecreaseInOtherReceivables $-6.30M USD 1 Quarter
Other accounts receivables IncreaseDecreaseInOtherReceivables $883.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-21.58M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $6.14M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-15.93M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $2.10M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $3.43M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $11.05M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-9.08M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $2.59M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-1.18M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $38.56M USD 1 Quarter
Deferred rent, revenues and other credits IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits $848.00K USD 1 Quarter
Deferred rent, revenues and other credits IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits $-3.23M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $90.76M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $135.34M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $6.17M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.29M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-4.29M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-6.17M USD 1 Quarter
Proceeds from issuance of asset-backed notes ProceedsFromIssuanceOfSecuredDebt - USD 1 Quarter
Proceeds from issuance of asset-backed notes ProceedsFromIssuanceOfSecuredDebt $469.81M USD 1 Quarter
Payments on asset-backed notes RepaymentsOfSecuredDebt $232.93M USD 1 Quarter
Payments on asset-backed notes RepaymentsOfSecuredDebt $232.58M USD 1 Quarter
Borrowings from revolving credit facility ProceedsFromLongTermLinesOfCredit $393.16M USD 1 Quarter
Borrowings from revolving credit facility ProceedsFromLongTermLinesOfCredit $265.94M USD 1 Quarter
Payments on revolving credit facility RepaymentsOfLongTermLinesOfCredit $322.61M USD 1 Quarter
Payments on revolving credit facility RepaymentsOfLongTermLinesOfCredit $443.44M USD 1 Quarter
Borrowings from warehouse facility ProceedsFromIssuanceOfOtherLongTermDebt $52.23M USD 1 Quarter
Borrowings from warehouse facility ProceedsFromIssuanceOfOtherLongTermDebt - USD 1 Quarter
Payments on warehouse facility RepaymentsOfOtherLongTermDebt $29.91M USD 1 Quarter
Payments on warehouse facility RepaymentsOfOtherLongTermDebt - USD 1 Quarter
Payments of debt issuance costs and amendment fees PaymentsOfDebtIssuanceCosts $7.61M USD 1 Quarter
Payments of debt issuance costs and amendment fees PaymentsOfDebtIssuanceCosts $533.00K USD 1 Quarter
Proceeds from stock issued under employee benefit plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $267.00K USD 1 Quarter
Proceeds from stock issued under employee benefit plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $256.00K USD 1 Quarter
Tax payments associated with equity-based compensation transactions PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.89M USD 1 Quarter
Tax payments associated with equity-based compensation transactions PaymentsRelatedToTaxWithholdingForShareBasedCompensation - USD 1 Quarter
Payments from extinguishment of debt PaymentsOfDebtExtinguishmentCosts $294.00K USD 1 Quarter
Payments from extinguishment of debt PaymentsOfDebtExtinguishmentCosts - USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-253.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $84.00K USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $52.12M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-142.41M USD 1 Quarter
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-13.24M USD 1 Quarter
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $138.60M USD 1 Quarter
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $134.26M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $82.91M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $272.86M USD Point-in-time
Cash, cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $96.16M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $134.26M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $82.91M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $272.86M USD Point-in-time
Cash, cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $96.16M USD Point-in-time
Capital lease asset additions and related obligations CapitalLeaseObligationsIncurred - USD 1 Quarter
Capital lease asset additions and related obligations CapitalLeaseObligationsIncurred $3.20M USD 1 Quarter
Property and equipment purchases not yet paid CapitalExpendituresIncurredButNotYetPaid $732.00K USD 1 Quarter
Property and equipment purchases not yet paid CapitalExpendituresIncurredButNotYetPaid $1.76M USD 1 Quarter
Cash interest paid InterestPaid $17.80M USD 1 Quarter
Cash interest paid InterestPaid $8.84M USD 1 Quarter
Cash income taxes refunded, net IncomeTaxesPaidNet $529.00K USD 1 Quarter
Cash income taxes refunded, net IncomeTaxesPaidNet $35.01M USD 1 Quarter

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

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