PROG Holdings Inc. (PRG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
256 W. DATA DRIVE DRAPER, UT 84020 |
| State of Incorp. | GA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7359 - Equipment Rental and Leasing, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 155 | 132 | 170 | 37 | |||
| Cash and cash equivalents | 155 | 132 | 170 | 37 | |||
| Inventory, net of allowances, customer advances and progress billings | (44) | (47) | (54) | (46) | |||
| Inventory | (44) | (47) | (54) | (46) | |||
| Prepaid expense | 0 | 4 | |||||
| Total current assets: | 111 | 85 | 116 | (6) | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 9 | 12 | 17 | 21 | |||
| Property, plant and equipment | 27 | ||||||
| Intangible assets, net (including goodwill) | 388 | 410 | 444 | 443 | |||
| Goodwill | 296 | 296 | 306 | 289 | |||
| Intangible assets, net (excluding goodwill) | 92 | 114 | 137 | 154 | |||
| Deferred income tax assets | 3 | 3 | 3 | ||||
| Total noncurrent assets: | 400 | 425 | 464 | 491 | |||
| Other undisclosed assets | 980 | 982 | 1,042 | 833 | |||
| TOTAL ASSETS: | 1,491 | 1,492 | 1,622 | 1,317 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Noncurrent Liabilities | |||||||
| Liabilities, other than long-term debt | 105 | 137 | 146 | 127 | |||
| Deferred income tax liabilities | 105 | 137 | 146 | 127 | |||
| Total noncurrent liabilities: | 105 | 137 | 146 | 127 | |||
| Other undisclosed liabilities | 795 | 784 | 796 | 204 | |||
| Total liabilities: | 900 | 921 | 942 | 331 | |||
| Equity | |||||||
| Equity, attributable to parent | 591 | 570 | 679 | 986 | |||
| Common stock | 41 | 41 | 41 | 45 | |||
| Treasury stock, value | (1,095) | (964) | (749) | (614) | |||
| Additional paid in capital | 352 | 339 | 332 | 318 | |||
| Retained earnings | 1,293 | 1,154 | 1,056 | 1,236 | |||
| Total equity: | 591 | 570 | 679 | 986 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,491 | 1,492 | 1,622 | 1,317 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Revenues | 2,408 | 2,598 | 2,678 | 2,485 | ||
| Cost of revenue | (1,689) | (41) | (1,947) | (1,839) | ||
| Provision for loan, lease, and other losses | (41) | (41) | (18) | (34) | ||
| Gross profit: | 719 | 2,557 | 731 | 645 | ||
| Operating expenses | (493) | (2,412) | (397) | (373) | ||
| Other undisclosed operating income | 41 | |||||
| Operating income: | 226 | 186 | 334 | 272 | ||
| Interest and debt expense | (37) | (5) | (0) | |||
| Income from continuing operations before equity method investments, income taxes: | 226 | 148 | 328 | 272 | ||
| Other undisclosed loss from continuing operations before income taxes | (29) | |||||
| Income from continuing operations before income taxes: | 196 | 148 | 328 | 272 | ||
| Income tax expense | (57) | (50) | (85) | (38) | ||
| Income from continuing operations: | 139 | 99 | 244 | 234 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 244 | 234 | |
| Net income: | 139 | 99 | 244 | 234 | ||
| Other undisclosed net loss attributable to parent | (295) | |||||
| Net income (loss) available to common stockholders, diluted: | 139 | 99 | 244 | (61) | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Net income: | 139 | 99 | 244 | 234 | ||
| Other comprehensive loss | (1) | |||||
| Comprehensive income: | 139 | 99 | 244 | 233 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (295) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 139 | 99 | 244 | (62) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.