Rent-A-Center Inc. (RCII) financial statements (2022 and earlier)

Company profile

Business Address 5501 HEADQUARTERS DRIVE
PLANO, TX 75024
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10815970155739560
Cash and cash equivalents10815970155739560
Inventory, net of allowances, customer advances and progress billings6554445
Inventory6554445
Total current assets:11516575159779965
Noncurrent Assets
Operating lease, right-of-use asset291283282
Property, plant and equipment308142166226283316331
Intangible assets, net (including goodwill)7157879575761214
Goodwill2907070575755206
Intangible assets, net (excluding goodwill)425890158
Regulated entity, other noncurrent assets(23)79355 
Deferred costs10      
Deferred tax assets, net26   
Total noncurrent assets:1,302510535312346382545
Other undisclosed assets1,5771,0769729269981,1221,377
TOTAL ASSETS:2,9931,7511,5831,3971,4211,6031,987
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     413
Interest and dividends payable     413
Total current liabilities:     413
Noncurrent Liabilities
Liabilities, other than long-term debt   119   
Deferred tax liabilities, net119   
Total noncurrent liabilities:   119   
Other undisclosed liabilities2,4801,1591,1249911,1481,3341,504
Total liabilities:2,4801,1591,1241,1101,1481,3381,517
Stockholders' equity
Stockholders' equity attributable to parent513592459287272265470
Common stock1111111
Treasury stock, value(1,766)(1,376)(1,349)(1,348)(1,348)(1,348)(1,348)
Additional paid in capital1,147887870838831827818
Accumulated other comprehensive loss(12)(11)(11)(11)(11)(16)(11)
Retained earnings1,1441,0919488067998011,010
Total stockholders' equity:513592459287272265470
TOTAL LIABILITIES AND EQUITY:2,9931,7511,5831,3971,4211,6031,987

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,5832,8142,6702,6602,7032,9633,278
Cost of revenue(2,348)(1,142)(1,026)(972)(984)(1,028)(1,160)
Gross profit:2,2351,6721,6441,6881,7191,9352,118
Operating expenses(1,954)(1,435)(1,390)(1,632)(1,782)(2,002)(3,126)
Operating income (loss):28123725456(63)(67)(1,008)
Nonoperating income
(Investment Income, Nonoperating)
0131111
Interest and debt expense(71)(15)(31)(43)(46)(47)(49)
Other undisclosed loss from continuing operations before equity method investments, income taxes(16) (2)(0)(2)  
Income (loss) from continuing operations before income taxes:19422322414(110)(113)(1,057)
Income tax expense (benefit)(59)(15)(50)(5)1178190
Net income (loss) available to common stockholders, diluted:13520817487(105)(867)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):13520817487(105)(867)
Other comprehensive income (loss)00(0)0   
Comprehensive income (loss):13520817397(105)(867)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(1)1(0)5(5)(6)
Comprehensive income (loss), net of tax, attributable to parent:134207174812(110)(873)

Statements sources

The financial statements are based on the company's filings with the 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.

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