← PROG Holdings, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Net Earnings | $196.2m | $31.5m | ($61.5m) | $243.6m | $98.7m | $138.8m | $197.2m | $146.8m | |
| 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 Taxes | $48.4m | $50.0m | ($141.4m) | $15.7m | ($9.2m) | ($32.4m) | ($56.0m) | $51.1m | |
| Impairment of Assets | $20.1m | $30.3m | $23.8m | $0 | $10.2m | $0 | $6.0m | $3.2m | |
| Provisions for Accounts Receivable and Loan Losses | — | $344.6m | $288.2m | $242.4m | $417.5m | $345.4m | $386.6m | $408.1m | |
| Stock-Based Compensation | $28.2m | $26.5m | $41.2m | $21.3m | $17.5m | $24.9m | $29.2m | $28.8m | |
| Gain on Sale of Receivables | — | — | — | — | — | $0 | $0 | ($43.7m) | |
| 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 | |
| Accounts Receivable | ($270.9m) | ($331.6m) | ($250.2m) | ($229.7m) | ($374.5m) | ($308.0m) | ($343.0m) | ($324.0m) | |
| Prepaid Expenses and Other Assets | $5.9m | ($25.9m) | $7.8m | ($7.9m) | $68k | ($2.1m) | ($25.4m) | $9.0m | |
| Income Tax Receivable and Payable | $70.9m | $10.5m | $17.1m | ($29.8m) | ($6.0m) | ($14.2m) | $24.7m | ($39.7m) | |
| Accounts Payable and Accrued Expenses | ($20.4m) | $20.2m | $39.7m | $70.8m | $2.2m | $15.2m | ($8.5m) | $8.2m | |
| Customer Deposits and Advance Payments | $5.0m | $10.8m | $3.4m | ($1.5m) | ($8.0m) | ($1.4m) | $5.2m | ($3.5m) | |
| Cash Provided by Operating Activities | $356.5m | $317.2m | $456.0m | $246.0m | $242.5m | $204.2m | $138.5m | $335.0m | |
| Investments in Loans Receivable | ($64.9m) | ($70.3m) | ($112.6m) | ($182.2m) | ($203.6m) | ($214.7m) | ($459.5m) | ($920.3m) | |
| 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 | |
| Outflows on Purchases of Property 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 | |
| Other Proceeds | — | — | — | — | $6k | $365k | $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 | |
| Borrowings (Payments) on Revolving Facility | — | ($16.0m) | $50.0m | ($50.0m) | $0 | $0 | $50.0m | ($50.0m) | |
| 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 | |
| Cash Used in Financing Activities | ($129.0m) | ($168.6m) | ($362.6m) | ($30.3m) | ($227.2m) | ($141.9m) | ($119.1m) | ($128.5m) | |
| 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 | |
| Debt Issuance Costs | ($535k) | ($40k) | ($3.2m) | ($591k) | ($1.6m) | ($29k) | ($2.8m) | ($84k) | |
| Dividends Paid | ($6.2m) | ($9.4m) | ($13.8m) | $0 | $0 | $0 | ($20.4m) | ($20.8m) | |
| Increase (Decrease) in Cash and Cash Equivalents | ($35.8m) | $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 Paid for Shares Withheld for Employee Taxes | ($17.3m) | ($13.0m) | ($11.7m) | ($5.1m) | ($2.9m) | ($3.6m) | ($9.7m) | ($7.5m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.