See more : Bank of Montreal (BMO) Income Statement Analysis – Financial Results
Complete financial analysis of Rent-A-Center, Inc. (RCII) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Rent-A-Center, Inc., a leading company in the Rental & Leasing Services industry within the Industrials sector.
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Rent-A-Center, Inc. (RCII)
About Rent-A-Center, Inc.
Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to customers on a lease-to-own basis. The company operates in four segments: Rent-A-Center Business, Acima, Mexico, and Franchising. It offers furniture and accessories, appliances, consumer electronics, computers, tablets and smartphones, tools, tires, handbags, and other accessories under rental purchase agreements. The company also provides merchandise on an installment sales basis; and the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks located within retailer's locations. It operates retail installment sales stores under the Get It Now and Home Choice names; lease-to-own and franchised lease-to-own stores under the Rent-A-Centre, ColorTyme, and RimTyme names; and rentacenter.com, an e-commerce platform. As of December 31, 2021, the company owned and operated approximately 1,846 stores in the United States and Puerto Rico, including 45 retail installment sales stores; 35 Acima staffed locations in North Carolina; and 123 stores in Mexico, as well as franchised 466 lease-to-own stores in 32 states. Rent-A-Center, Inc. was founded in 1960 and is headquartered in Plano, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.99B | 4.25B | 4.58B | 2.81B | 2.67B | 2.66B | 2.70B | 2.96B | 3.28B | 3.16B | 3.10B | 3.08B | 2.88B | 2.73B | 2.75B | 2.88B | 2.91B | 2.43B | 2.34B | 2.31B | 2.23B | 2.01B | 1.81B | 1.60B | 1.42B | 809.70M | 327.50M | 238.00M | 133.30M | 74.40M |
| Cost of Revenue | 1.97B | 2.17B | 2.35B | 1.14B | 1.03B | 972.30M | 984.00M | 1.03B | 1.16B | 973.43M | 954.74M | 948.73M | 829.67M | 2.28B | 2.32B | 2.47B | 2.46B | 2.04B | 1.99B | 1.90B | 122.92M | 137.59M | 123.79M | 79.21M | 858.60M | 56.20M | 41.60M | 28.70M | 2.90M | 1.70M |
| Gross Profit | 2.02B | 2.08B | 2.24B | 1.67B | 1.64B | 1.69B | 1.72B | 1.94B | 2.12B | 2.18B | 2.15B | 2.13B | 2.05B | 452.28M | 431.92M | 416.55M | 444.64M | 394.37M | 350.93M | 416.21M | 2.11B | 1.87B | 1.68B | 1.52B | 558.60M | 753.50M | 285.90M | 209.30M | 130.40M | 72.70M |
| Gross Profit Ratio | 50.65% | 48.98% | 48.76% | 59.42% | 61.58% | 63.45% | 63.59% | 65.30% | 64.61% | 69.17% | 69.24% | 69.22% | 71.21% | 16.56% | 15.70% | 14.44% | 15.30% | 16.20% | 15.00% | 17.99% | 94.48% | 93.15% | 93.16% | 95.05% | 39.42% | 93.06% | 87.30% | 87.94% | 97.82% | 97.72% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 201.71M | 820.81M | 839.66M | 732.23M | 772.73M | 846.87M | 903.56M | 957.96M | 1.02B | 1.05B | 1.89B | 1.81B | 1.73B | 126.32M | 137.63M | 125.63M | 123.70M | 93.56M | 82.29M | 75.48M | 66.64M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -4.87M | 4.61M | 0.00 | 0.00 | 0.00 | 0.00 | 1.22B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 201.71M | 820.81M | 839.66M | 732.23M | 772.73M | 846.87M | 903.56M | 957.96M | 1.02B | 1.05B | 1.89B | 1.81B | 1.73B | 126.32M | 132.76M | 130.24M | 123.70M | 93.56M | 82.29M | 75.48M | 1.29B | 1.13B | 1.07B | 914.33M | 42.00M | 452.50M | 175.80M | 126.70M | 75.80M | 40.60M |
| Other Expenses | 1.66B | 1.11B | 1.11B | 702.58M | 617.48M | 785.16M | 626.51M | 804.54M | 1.80B | 855.15M | 0.00 | 0.00 | 0.00 | 1.78B | 1.79B | 1.91B | 2.00B | 1.64B | 1.55B | 1.50B | 1.36B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 1.86B | 1.93B | 1.95B | 1.43B | 1.39B | 1.63B | 1.78B | 1.85B | 1.96B | 1.99B | 1.90B | 1.82B | 1.74B | 129.57M | 135.60M | 146.66M | 201.69M | 172.43M | 86.00M | 133.26M | 290.35M | 1.52B | 1.50B | 1.28B | 368.50M | 651.30M | 244.00M | 178.30M | 110.60M | 63.40M |
| Cost & Expenses | 3.83B | 4.10B | 4.30B | 2.58B | 2.42B | 2.60B | 2.77B | 2.88B | 3.12B | 2.96B | 2.86B | 2.76B | 2.56B | 2.41B | 2.46B | 2.61B | 2.66B | 2.21B | 2.07B | 2.03B | 413.27M | 1.66B | 1.62B | 1.36B | 1.23B | 707.50M | 285.60M | 207.00M | 113.50M | 65.10M |
| Interest Income | -3.42M | 641.00K | 221.00K | 768.00K | 3.12M | 1.15M | 791.00K | 503.00K | 634.00K | 947.00K | 815.00K | 842.00K | 627.00K | 854.00K | 837.00K | 8.86M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 113.42M | 87.71M | 70.87M | 15.33M | 31.03M | 42.97M | 46.00M | 47.18M | 49.33M | 47.84M | 39.63M | 32.07M | 37.23M | 26.77M | 26.79M | 66.24M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.22B | 1.36B | 1.37B | 691.13M | 681.62M | 686.73M | 696.98M | 736.63M | 797.86M | 766.82M | 735.60M | 700.29M | 626.44M | 570.97M | 586.18M | 646.69M | 650.72M | 528.73M | 515.90M | 506.61M | 489.44M | 432.75M | 414.06M | 363.45M | 326.50M | 198.80M | 68.20M | 51.60M | 34.80M | 22.80M |
| EBITDA | 217.61M | 1.51B | 1.65B | 928.47M | 935.48M | 742.87M | 634.72M | 821.85M | 960.61M | 957.01M | 982.59M | 1.02B | 944.29M | 894.53M | 883.34M | 925.44M | 994.63M | 828.78M | 788.00M | 832.81M | 2.34B | 783.20M | 650.65M | 585.70M | 516.60M | 315.50M | 105.80M | 81.90M | 54.60M | 32.10M |
| EBITDA Ratio | 5.45% | 35.62% | 36.04% | 32.99% | 35.04% | 27.92% | 23.49% | 27.73% | 29.30% | 30.31% | 31.65% | 33.08% | 32.76% | 32.75% | 32.10% | 32.09% | 34.23% | 34.05% | 33.69% | 36.00% | 105.00% | 38.96% | 35.98% | 36.57% | 36.45% | 38.97% | 32.31% | 34.41% | 40.96% | 43.15% |
| Operating Income | 162.87M | 148.54M | 280.54M | 237.34M | 253.86M | 56.14M | -63.06M | -66.60M | -1.01B | 193.46M | 246.17M | 318.47M | 293.16M | 303.77M | 296.32M | 274.39M | 204.24M | 221.94M | 249.77M | 282.95M | 1.81B | 350.45M | 184.59M | 244.63M | 190.10M | 102.20M | 41.90M | 31.00M | 19.80M | 9.30M |
| Operating Income Ratio | 4.08% | 3.50% | 6.12% | 8.43% | 9.51% | 2.11% | -2.33% | -2.25% | -30.74% | 6.13% | 7.93% | 10.33% | 10.17% | 11.12% | 10.77% | 9.51% | 7.03% | 9.12% | 10.68% | 12.23% | 81.45% | 17.43% | 10.21% | 15.27% | 13.41% | 12.62% | 12.79% | 13.03% | 14.85% | 12.50% |
| Total Other Income/Expenses | -110.00M | -87.07M | -86.24M | -14.56M | -30.08M | -42.30M | -47.14M | -46.68M | -48.69M | -51.11M | -38.81M | -31.22M | -36.61M | -29.01M | -25.95M | -53.05M | -87.95M | -57.81M | -40.70M | -31.57M | -79.19M | -62.01M | -59.78M | -50.24M | -74.80M | -53.50M | 2.20M | 100.00K | -1.30M | -2.20M |
| Income Before Tax | 52.87M | 61.47M | 194.30M | 222.78M | 223.78M | 13.84M | -110.20M | -113.27M | -1.06B | 142.35M | 207.36M | 287.25M | 256.55M | 274.76M | 270.37M | 221.34M | 116.29M | 164.14M | 209.07M | 251.38M | 290.83M | 288.44M | 124.81M | 194.40M | 115.30M | 48.70M | 44.10M | 31.10M | 18.50M | 7.10M |
| Income Before Tax Ratio | 1.32% | 1.45% | 4.24% | 7.92% | 8.38% | 0.52% | -4.08% | -3.82% | -32.23% | 4.51% | 6.68% | 9.32% | 8.90% | 10.06% | 9.82% | 7.67% | 4.00% | 6.74% | 8.94% | 10.87% | 13.05% | 14.35% | 6.90% | 12.14% | 8.14% | 6.01% | 13.47% | 13.07% | 13.88% | 9.54% |
| Income Tax Expense | 58.05M | 49.11M | 59.36M | 14.66M | 50.24M | 5.35M | -116.85M | -8.08M | -189.95M | 45.93M | 79.12M | 103.76M | 91.91M | 103.12M | 102.52M | 81.72M | 40.02M | 61.05M | 73.33M | 95.52M | 109.33M | 116.27M | 58.59M | 91.37M | 55.90M | 23.90M | 18.20M | 13.10M | 7.80M | 1.60M |
| Net Income | -5.18M | 12.36M | 134.94M | 208.12M | 173.55M | 8.49M | 6.65M | -105.20M | -866.63M | 96.42M | 128.24M | 183.49M | 164.64M | 171.64M | 167.86M | 139.62M | 76.27M | 103.09M | 135.74M | 155.86M | 181.50M | 172.17M | 66.22M | 103.03M | 59.40M | 24.80M | 25.90M | 18.00M | 10.70M | 5.50M |
| Net Income Ratio | -0.13% | 0.29% | 2.94% | 7.40% | 6.50% | 0.32% | 0.25% | -3.55% | -26.43% | 3.05% | 4.13% | 5.95% | 5.71% | 6.28% | 6.10% | 4.84% | 2.62% | 4.24% | 5.80% | 6.74% | 8.15% | 8.57% | 3.66% | 6.43% | 4.19% | 3.06% | 7.91% | 7.56% | 8.03% | 7.39% |
| EPS | -0.09 | 0.23 | 2.37 | 3.84 | 3.19 | 0.16 | 0.12 | -1.98 | -16.34 | 1.82 | 2.34 | 3.11 | 2.69 | 2.64 | 2.54 | 2.10 | 1.11 | 1.48 | 1.86 | 1.99 | 2.16 | 2.20 | 0.79 | 1.52 | 0.82 | 0.34 | 0.42 | 0.29 | 0.08 | 0.02 |
| EPS Diluted | -0.09 | 0.21 | 2.02 | 3.73 | 3.10 | 0.16 | 0.12 | -1.98 | -16.34 | 1.81 | 2.32 | 3.09 | 2.66 | 2.60 | 2.52 | 2.08 | 1.10 | 1.46 | 1.83 | 1.94 | 2.08 | 1.90 | 0.72 | 1.18 | 0.70 | 0.33 | 0.41 | 0.29 | 0.08 | 0.02 |
| Weighted Avg Shares Out | 56.85M | 58.97M | 66.84M | 54.19M | 54.33M | 53.47M | 53.28M | 53.15M | 53.05M | 52.85M | 54.80M | 58.91M | 61.19M | 65.10M | 65.99M | 66.61M | 68.71M | 69.66M | 72.98M | 78.32M | 84.03M | 73.49M | 64.48M | 61.09M | 60.54M | 156.25M | 156.25M | 62.50M | 63.42M | 242.65M |
| Weighted Avg Shares Out (Dil) | 56.85M | 58.97M | 66.84M | 55.75M | 55.96M | 54.54M | 53.84M | 53.15M | 53.05M | 53.13M | 55.16M | 59.41M | 61.89M | 65.90M | 66.57M | 67.19M | 69.33M | 70.61M | 74.17M | 80.34M | 87.26M | 85.42M | 70.96M | 78.22M | 70.98M | 156.25M | 156.25M | 62.50M | 63.42M | 242.65M |
Rent-A-Center: A Stark-Raving Bargain
RCII is trading at approximately 4x FCF with no prospects of an imminent decline in FCF. A conservative valuation dictates that RCII's intrinsic value is >5x its current market value.
Rent-A-Center, Inc. Announces Second Quarter 2022 Earnings Call and Webcast
PLANO, Texas--(BUSINESS WIRE)--Rent-A-Center, Inc. (NASDAQ/NGS:RCII) today announced it will host a conference call on Thursday, August 4th, 8:30 a.m. ET to discuss second quarter results scheduled to be released following the market’s close on August 3rd. Participants can access the...
Rent-A-Center, Inc. Announces Second Quarter 2022 Earnings Call and Webcast
PLANO, Texas--(BUSINESS WIRE)--Rent-A-Center, Inc. (NASDAQ/NGS:RCII) today announced it will host a conference call on Thursday, August 4th, 8:30 a.m. ET to discuss second quarter results scheduled to be released following the market’s close on August 3rd. Participants can access the...
Rent-A-Center Opens Store in Walla Walla, Washington
WALLA WALLA, Wash.--(BUSINESS WIRE)--Rent-A-Center Store Manager, Randal Whitsitt, and his sales team are pleased to offer the residents of Walla Walla an option when it comes to acquiring ownership of high-quality furniture, appliances, electronics and computers. The new Rent-A-Center store...
Rent-A-Center Opens Store in Walla Walla, Washington
WALLA WALLA, Wash.--(BUSINESS WIRE)--Rent-A-Center Store Manager, Randal Whitsitt, and his sales team are pleased to offer the residents of Walla Walla an option when it comes to acquiring ownership of high-quality furniture, appliances, electronics and computers. The new Rent-A-Center store...
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Leading omnichannel lease-to-own company uses SOCi to unlock localized and franchise digital marketing SAN DIEGO , July 6, 2022 /PRNewswire/ -- Rent-A-Center , the leading dedicated lease-to-own retail channel for durable goods such as furniture, electronics, and appliances, named SOCi...
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