← PROG Holdings, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net Earnings | $196.2m |
$31.5m
-83.96%
|
($61.5m)
-295.30%
|
$243.6m
+496.25%
|
$98.7m
-59.47%
|
$138.8m
+40.65%
|
$197.2m
+42.07%
|
$146.8m
-25.58%
|
|
| Net Income (Loss) Attributable to Parent | — | $31.5m |
($61.5m)
-295.30%
|
$243.6m
+496.25%
|
$98.7m
-59.47%
|
$138.8m
+40.65%
|
$197.2m
+42.07%
|
$146.8m
-25.58%
|
|
| Depreciation, Depletion and Amortization | — | $105.1m | $93.8m | $33.3m | $33.9m | $32.0m | $27.0m | $24.0m | |
| Amortization of Intangible Assets | — | $22.3m | $22.1m | $22.3m | $22.9m | $22.7m | $17.9m | $16.0m | |
| Depreciation | — | $9.1m | $9.7m | $11.0m | $11.0m | $9.3m | $9.1m | $8.0m | |
| Depreciation of Lease Merchandise | $1.7b | $2.0b | $2.2b | $1.8b | $1.8b | $1.6b | $1.6b | $1.6b | |
| Other Depreciation and Amortization | $94.2m | $105.1m | $93.8m | $33.3m | $33.9m | $32.0m | $27.0m | $24.5m | |
| Deferred Income Tax Expense (Benefit) | — | $36.6m | $37.6m | $15.7m | ($9.2m) | ($32.4m) | ($54.0m) | $42.4m | |
| Deferred Income Taxes | $48.4m | $50.0m | ($141.4m) | $15.7m | ($9.2m) | ($32.4m) | ($56.0m) | $51.1m | |
| Share-based Payment Arrangement, Noncash Expense | — | $26.5m | $41.2m | $21.3m | $1.7m | $24.9m | $29.2m | $28.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $13.0m | $11.7m | $5.1m | $2.9m | $3.6m | $9.7m | $7.5m | |
| Share-based Payment Arrangement, Expense | — | $26.5m | $41.2m | $21.3m | $17.5m | $24.9m | $29.2m | $28.8m | |
| Stock-Based Compensation | $28.2m | $26.5m | $41.2m | $21.3m | $17.5m | $24.9m | $29.2m | $28.8m | |
| Goodwill, Impairment Loss | — | $0 | $446.9m | — | $10.2m | $0 | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $2.9m | — | $4.5m | $0 | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | $9.0m | $12.5m | $22.7m | $2.8m | |
| Impairment of Assets | $20.1m | $30.3m | $23.8m | $0 | $10.2m | $0 | $6.0m | $3.2m | |
| Changes in operating assets and liabilities: | |||||||||
| Increase (Decrease) in Accounts Receivable | — | $331.6m | $250.2m | $229.7m | $374.5m | $308.0m | $343.0m | $324.0m | |
| Provisions for Accounts Receivable and Loan Losses | — | $344.6m | $288.2m | $242.4m | $417.5m | $345.4m | $386.6m | $408.1m | |
| Gain on Sale of Receivables | — | — | — | — | — | $0 | $0 | ($43.7m) | |
| Accounts Receivable | ($270.9m) | ($331.6m) | ($250.2m) | ($229.7m) | ($374.5m) | ($308.0m) | ($343.0m) | ($324.0m) | |
| Inventory Write-down | — | $141.9m | $132.7m | $128.0m | $210.2m | $165.2m | $178.8m | $186.2m | |
| Accounts Payable and Accrued Expenses | ($20.4m) | $20.2m | $39.7m | $70.8m | $2.2m | $15.2m | ($8.5m) | $8.2m | |
| Prepaid Expenses and Other Assets | $5.9m | ($25.9m) | $7.8m | ($7.9m) | $68k | ($2.1m) | ($25.4m) | $9.0m | |
| Net Cash Provided by (Used in) Operating Activities | $356.5m |
$317.2m
-11.03%
|
$456.0m
+43.75%
|
$246.0m
-46.06%
|
$242.5m
-1.42%
|
$204.2m
-15.77%
|
$138.5m
-32.17%
|
$335.0m
+141.81%
|
|
| Cash flows from investing activities: | |||||||||
| Payments to Acquire Property, Plant, and Equipment | ($78.8m) | $93.0m | $64.3m | $9.6m | $9.7m | $9.6m | $8.3m | $10.0m | |
| Proceeds from Sale of Property and Equipment | $9.2m | $14.1m | $7.5m | $78k | $27k | $48k | $131k | $0 | |
| Investments in Loans Receivable | ($64.9m) | ($70.3m) | ($112.6m) | ($182.2m) | ($203.6m) | ($214.7m) | ($459.5m) | ($920.3m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | ($6k) | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | ($41k) | $0 | |
| Cash Provided by (Used in) Investing Activities | ($263.1m) | ($106.3m) | ($114.5m) | ($82.2m) | ($53.5m) | ($38.8m) | ($79.2m) | $6.6m | |
| Net Cash Provided by (Used in) Investing Activities | — | ($106.3m) | ($114.5m) | ($82.2m) | ($53.5m) | ($38.8m) | ($79.2m) | $6.6m | |
| Cash flows from financing activities: | |||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | $4.1m | — | — | — | — | — | |
| Borrowings (Payments) on Revolving Facility | — | ($16.0m) | $50.0m | ($50.0m) | $0 | $0 | $50.0m | ($50.0m) | |
| Debt Issuance Costs | ($535k) | ($40k) | ($3.2m) | ($591k) | ($1.6m) | ($29k) | ($2.8m) | ($84k) | |
| Payments for Repurchase of Common Stock | — | $69.3m | $0 | $142.4m | $223.6m | $139.6m | $138.7m | $51.8m | |
| Payments of Ordinary Dividends, Common Stock | — | $9.4m | $13.8m | $0 | $0 | — | $20.4m | $20.8m | |
| Dividends Paid | ($6.2m) | ($9.4m) | ($13.8m) | $0 | $0 | $0 | ($20.4m) | ($20.8m) | |
| Cash Used in Financing Activities | ($129.0m) |
($168.6m)
-30.69%
|
($362.6m)
-115.10%
|
($30.3m)
+91.65%
|
($227.2m)
-650.38%
|
($141.9m)
+37.57%
|
($119.1m)
+16.04%
|
($128.5m)
-7.87%
|
|
| Net Cash Provided by (Used in) Financing Activities | — | ($168.6m) |
($362.6m)
-115.10%
|
($30.3m)
+91.65%
|
($227.2m)
-650.38%
|
($141.9m)
+37.57%
|
($119.1m)
+16.04%
|
($128.5m)
-7.87%
|
|
| Increase (Decrease) in Cash and Cash Equivalents | ($35.8m) | $42.5m | ($21.1m) | $133.5m | ($38.3m) | $23.5m | ($59.8m) | $213.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $42.5m | ($21.1m) | $133.5m | ($38.3m) | $23.5m | ($59.8m) | $213.1m | |
| Cash and Cash Equivalents at Beginning of Year | $15.3m | $57.8m | $36.6m | $170.2m | $131.9m | $155.4m | $95.7m | $308.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $57.8m | $36.6m | $170.2m | $131.9m | $155.4m | $95.7m | $308.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $120k | $15k | $0 | $0 | — | — | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Supplemental disclosure of cash flow information: | |||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $16.5m | $10.4m | $1.5m | $35.7m | $37.0m | $37.0m | $37.4m | |
| Income Taxes Paid, Net | ($17.3m) | ($726k) | $29.0m | $53.6m | $62.2m | $100.4m | $49.8m | $45.8m | |
| Additional Financial Items | |||||||||
| Gain (Loss) on Sale of Financing Receivable | — | — | — | — | — | — | — | $6.7m | |
| Goodwill | — | $288.8m | $288.8m | $306.2m | $296.1m | $296.1m | $296.1m | $296.1m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | ($24.6m) | $233.6m | $243.6m | $98.7m | — | — | $124.4m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | $56.1m | ($295.1m) | $0 | $0 | — | — | $22.4m | |
| Income Tax Expense (Benefit) | — | $52.2m | $37.9m | $84.6m | $49.5m | $57.4m | ($33.6m) | $50.2m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | $39.5m | $49.3m | |
| Investment Income, Interest | — | — | — | — | — | — | $8.2m | $17.0m | |
| Operating Costs and Expenses | — | — | — | — | $450.4m | $451.1m | $469.2m | $445.7m | |
| Operating Expenses | — | $357.8m | $373.5m | $397.4m | $2.4b | — | — | — | |
| Proceeds from Stock Options Exercised | — | $7.7m | $12.4m | $4.6m | $1.1m | $1.4m | $2.4m | $1.6m | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | $21.7m | $34.0m | $17.7m | $41.2m | $40.8m | $56.0m | $40.3m | |
| Income Tax Benefit from Reversal of Uncertain Tax Position | — | — | — | — | $0 | $0 | ($51.4m) | $0 | |
| Non-Cash Lease Expense | $0 | $114.9m | $92.3m | $974k | ($1.7m) | ($2.7m) | ($3.6m) | ($2.9m) | |
| Other Changes, Net | ($2.2m) | ($9.9m) | $9.2m | ($7.6m) | ($7.2m) | ($6.0m) | ($2.6m) | ($2.1m) | |
| Additions to Lease Merchandise | ($2.2b) | ($2.5b) | ($2.4b) | ($2.1b) | ($1.9b) | ($1.7b) | ($1.9b) | ($1.7b) | |
| Book Value of Lease Merchandise Sold or Disposed | $398.7m | $402.0m | $317.8m | $130.7m | $197.5m | $159.4m | $182.5m | $177.6m | |
| Income Tax Receivable and Payable | $70.9m | $10.5m | $17.1m | ($29.8m) | ($6.0m) | ($14.2m) | $24.7m | ($39.7m) | |
| Customer Deposits and Advance Payments | $5.0m | $10.8m | $3.4m | ($1.5m) | ($8.0m) | ($1.4m) | $5.2m | ($3.5m) | |
| Proceeds from Loans Receivable | $57.3m | $53.2m | $69.4m | $132.3m | $159.7m | $185.1m | $388.4m | $784.6m | |
| Proceeds from Sale of Loans Receivable | — | — | — | — | — | $0 | $0 | $152.4m | |
| Other Proceeds | — | — | — | — | $6k | $365k | $41k | $0 | |
| Acquisition of Treasury Stock | ($168.7m) | ($69.3m) | $0 | ($142.4m) | ($223.6m) | ($139.6m) | ($138.7m) | ($51.8m) | |
| Issuance of Stock Under Stock Option and Employee Purchase Plans | $8.0m | $7.7m | $12.4m | $4.6m | $1.1m | $1.4m | $2.4m | $1.6m | |
| Interest | $16.2m | $16.5m | $10.4m | $1.5m | $35.7m | $37.0m | $37.0m | $37.4m | |
| Income Taxes | ($63.8m) | ($726k) | $29.0m | $53.6m | $62.2m | $100.4m | $49.8m | $45.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.