PROG Holdings, Inc. Financial Statements — PRG Stock

Income Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	1,876	2,013	2,213	2,235	2,695	3,180	3,208	3,384	2,036	2,163	2,485	2,678	2,598	2,408	2,463
- Cost of Revenue	354	375	409	362	355	373	295	259	194	137	- -	- -	- -	- -	- -
+ Cost of Goods & Services	354	375	409	362	355	373	295	259	194	137	- -	- -	- -	- -	- -
+ Sales & Services Revenue	1,876	2,013	2,213	2,235	2,695	3,180	3,208	3,384	2,036	2,163	2,485	2,678	2,598	2,408	2,463
Gross Profit	1,522	1,638	1,804	1,873	2,340	2,807	2,913	3,125	3,635	3,810	- -	- -	- -	- -	- -
- Operating Expenses	1,329	1,414	1,554	1,593	2,018	2,311	2,394	2,852	1,528	1,964	2,045	2,183	2,187	2,004	2,057
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	504	506	1,554	800	1,152	1,443	1,533	2,852	1,324	1,510	1,770	1,892	1,860	1,676	1,732
+ Selling, General & Admin	825	909	- -	792	865	868	861	- -	204	454	275	292	326	328	324
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	1,599	1,647	-2,485	-2,678	-2,598	-2,408	-2,463
Operating Income (Loss)	193	224	250	280	323	496	519	273	508	199	440	494	411	405	407
- Non-Operating (Income) Loss	3	40	-27	95	201	283	300	33	351	172	168	166	263	208	243
+ Interest Expense, Net	3	3	3	3	16	21	21	19	- -	-2	- -	5	37	29	31
+ Interest Expense	3	5	6	6	19	23	23	21	- -	- -	- -	5	39	39	39
- Interest Income	1	2	4	3	3	2	3	2	- -	2	- -	- -	1	9	8
+ Other Non-Op (Income) Loss	- -	37	-30	92	185	262	280	14	352	174	168	161	226	179	212
Pretax Income	191	183	277	185	122	213	218	240	157	28	272	328	148	196	164
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Income Tax Expense (Benefit)	72	70	104	64	43	77	79	-53	31	52	38	85	50	57	-34
Income (Loss) from Cont Ops	118	114	173	121	78	136	139	293	125	-25	234	244	99	139	197
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	-71	-56	295	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	71	56	-295	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	-142	-112	590	- -	- -	- -	- -
Income (Loss) Incl. MI	118	114	173	121	78	136	139	293	196	31	-61	244	99	139	197
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	118	114	173	121	78	136	139	293	196	31	-61	244	99	139	197
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	118	114	173	121	78	136	139	293	196	31	-61	244	99	139	197
Basic Weighted Avg Shares	81	78	76	76	72	73	72	71	69	67	67	66	52	46	43
Basic EPS, GAAP	1.46	1.46	2.28	1.59	1.08	1.87	1.93	4.13	2.84	0.47	-0.91	3.69	1.9	3.02	4.63
Basic EPS from Cont Ops	1.46	1.46	2.28	1.59	1.08	1.87	1.93	4.13	1.81	-0.37	3.47	3.69	1.9	3.02	4.63
Diluted Weighted Avg Shares	82	79	77	76	73	73	73	72	71	69	68	66	52	47	44
Diluted EPS, GAAP	1.44	1.43	2.25	1.58	1.08	1.86	1.91	4.06	2.78	0.46	-0.9	3.67	1.9	2.98	4.53
Diluted EPS from Cont Ops	1.44	1.43	2.25	1.58	1.08	1.86	1.91	4.06	1.77	-0.36	3.43	3.67	1.9	2.98	4.53
EBITDA	239	276	306	337	408	576	601	355	602	305	533	528	445	437	434
EBITDA Margin (%)	12.73	13.74	13.85	15.08	15.15	18.12	18.74	10.5	29.58	14.08	21.47	19.71	17.13	18.13	17.62
EBITA	193	224	250	280	323	496	519	273	508	199	440	494	411	405	407
EBIT	193	224	250	280	323	496	519	273	508	199	440	494	411	405	407
Gross Margin (%)	81.14	81.39	81.52	83.8	86.84	88.28	90.8	92.35	90.47	93.66	100	100	100	100	100
Operating Margin (%)	10.31	11.11	11.28	12.53	11.98	15.59	16.18	8.06	24.95	9.22	17.69	18.46	15.83	16.8	16.52
Profit Margin (%)	6.31	5.65	7.82	5.4	2.9	4.27	4.34	8.65	9.64	1.45	-2.47	9.1	3.8	5.77	8.01
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.04	0.05	0.08	0.05	0.11	0.09	0.1	0.11	0.09	0.14	0.2	- -	- -	- -	0.48
Depreciation Expense	45	53	57	57	86	80	82	83	94	105	94	33	34	32	27

Balance Sheet	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	956	1,136	1,179	1,192	1,328	1,615	1,585	1,568	1,603	2,768	814	1,120	1,030	1,053	1,075
+ Accounts & Notes Receiv	70	87	74	75	231	378	192	286	203	160	140	200	214	228	238
+ Accounts Receivable, Net	70	87	74	69	107	113	96	100	98	67	61	66	65	68	80
+ Loans Receivable, Net	- -	- -	- -	- -	- -	86	85	86	76	75	79	119	131	127	147
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	6	124	179	12	100	29	18	- -	14	19	33	11
+ Cash, Cash Equivalents & STI	72	274	130	231	4	15	309	51	15	58	37	170	132	155	96
+ Cash & Cash Equivalents	72	176	130	231	4	15	309	51	15	58	37	170	132	155	96
+ ST Investments	- -	98	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	814	862	964	870	1,087	1,139	999	1,152	1,318	652	610	714	648	633	680
+ Inventory Adjustments	-466	-502	- -	- -	- -	- -	- -	- -	-817	-896	- -	- -	- -	- -	- -
+ Finished Goods	1,280	862	964	870	1,087	1,139	999	1,152	1,318	652	610	714	648	633	680
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	502	- -	- -	- -	- -	- -	- -	817	896	- -	- -	- -	- -	- -
+ Other ST Assets	- -	-88	11	16	6	83	84	78	65	1,898	27	35	36	36	61
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	546	596	634	636	1,128	1,083	1,031	1,125	1,224	530	503	502	462	438	439
+ LT Investments & Receivables	- -	98	86	112	21	22	21	20	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	98	86	112	21	22	21	20	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	205	227	231	231	219	226	211	208	229	55	47	43	36	33	25
- Accumulated Depreciation	132	155	174	198	216	223	231	243	284	28	37	46	53	61	62
+ Property, Plant & Equip	337	381	405	429	435	449	442	450	514	82	84	89	89	95	87
+ Other LT Assets	341	271	318	292	888	835	799	897	995	475	456	459	426	405	413
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	206	225	240	243	828	815	774	858	962	465	443	444	410	388	370
+ Goodwill	202	219	234	239	531	539	527	623	733	289	289	306	296	296	296
+ Other Intangible Assets	4	6	6	4	297	276	248	236	229	177	154	137	114	92	74
+ Misc LT Assets	135	46	77	49	60	20	25	38	33	10	13	16	15	17	44
Total Assets	1,502	1,732	1,813	1,827	2,457	2,698	2,616	2,692	2,827	3,298	1,317	1,622	1,492	1,491	1,514
+ Payables & Accruals	213	270	226	272	298	323	266	275	266	234	78	136	135	151	93
+ Other Payables & Accruals	213	42	- -	28	27	192	161	163	147	209	36	56	55	63	65
+ Accounts Payable	- -	228	226	244	270	99	72	81	88	12	9	14	14	20	13
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	33	33	31	30	12	34	66	66	68	15
+ ST Debt	- -	14	13	14	81	156	147	97	21	3	50	- -	- -	- -	47
+ ST Borrowings	- -	- -	- -	- -	69	156	147	97	16	- -	50	- -	- -	- -	47
+ ST Finance Leases	- -	14	13	14	12	9	- -	- -	5	3	- -	- -	- -	- -	- -
+ Other ST Liabilities	268	45	46	45	61	69	62	68	81	1,190	47	45	37	36	41
+ Deferred Tax Liabilities	228	287	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	-287	- -	- -	- -	- -	- -	- -	- -	1,146	- -	- -	- -	- -	- -
+ Deferred Revenue	40	45	46	45	61	69	62	68	81	44	47	45	37	36	41
Total Current Liabilities	481	328	285	332	440	549	475	440	368	1,426	175	181	172	187	181
+ LT Debt	42	140	128	128	525	451	351	272	404	34	30	615	612	608	608
+ LT Borrowings	42	140	128	128	525	451	351	272	404	338	50	590	591	592	597
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	34	30	25	21	16	11
+ Other LT Liabilities	- -	287	264	227	269	333	308	253	295	100	127	146	137	105	74
+ Accrued Liabilities	40	287	264	227	269	333	308	253	295	100	127	146	137	105	74
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-40	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	42	427	392	355	794	783	659	524	698	134	156	761	749	713	683
Total Liabilities	523	755	677	687	1,233	1,332	1,134	964	1,066	1,561	331	942	921	900	863
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	247	258	266	244	273	285	300	315	324	336	364	373	380	393	400
+ Additional Paid in Capital	202	212	220	198	227	240	255	270	279	290	318	332	339	352	359
+ Common Stock	45	45	45	45	45	45	45	45	45	45	45	41	41	41	41
- Treasury Stock	78	200	217	306	323	321	353	408	568	628	614	749	964	1,095	1,219
+ Retained Earnings	809	919	1,087	1,202	1,274	1,403	1,535	1,820	2,005	2,030	1,236	1,056	1,154	1,293	1,469
+ Other Equity	1	- -	- -	- -	- -	-1	-1	1	-1	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	979	977	1,136	1,140	1,224	1,367	1,482	1,728	1,761	1,737	986	679	570	591	650
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	979	977	1,136	1,140	1,224	1,367	1,482	1,728	1,761	1,737	986	679	570	591	650
Total Liabilities & Equity	1,502	1,732	1,813	1,827	2,457	2,698	2,616	2,692	2,827	3,298	1,317	1,622	1,492	1,491	1,514
Shares Outstanding	80	76	76	73	72	73	71	70	67	67	68	56	48	44	41
Capital Leases - Total	- -	14	13	14	12	9	- -	- -	5	37	30	25	21	16	11
Net Debt	-30	-36	-1	-103	591	592	189	318	404	281	63	419	459	437	548
Net Debt to Equity	-3.09	-3.69	-0.11	-9.02	48.28	43.3	12.77	18.39	22.96	16.15	6.42	61.74	80.48	73.88	84.26
Tangible Common Equity Ratio	59.67	49.86	56.97	56.63	24.28	29.27	38.41	47.42	42.84	44.9	62.11	20.02	14.79	18.45	24.52
Current Ratio	1.99	3.46	4.14	3.59	3.02	2.94	3.34	3.56	4.36	1.94	4.66	6.18	5.99	5.63	5.94
Cash Conversion Cycle	718.48	732.69	666.16	616.21	854.87	943.73	1,133.87	1,459.25	2,256.22	2,668.53	- -	- -	- -	- -	- -
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	118	114	173	121	78	136	139	293	196	31	-61	244	99	139	197
+ Depreciation & Amortization	45	53	57	57	86	80	82	83	94	105	94	33	34	32	27
+ Non-Cash Items	597	636	618	634	1,038	1,425	1,467	1,637	2,111	2,529	2,924	2,093	2,185	1,905	1,929
+ Asset Impairment Charge	24	25	32	36	99	163	168	205	288	30	471	- -	10	- -	6
+ Deferred Income Taxes	64	59	-23	-37	-7	39	-35	-59	48	50	-141	16	-9	-32	-107
+ Other Non-Cash Adj	505	543	603	632	935	1,209	1,313	1,464	1,747	2,422	2,553	2,056	2,166	1,913	2,001
+ Stock-Based Compensation	5	8	6	2	11	14	21	27	28	27	41	21	18	25	29
+ Chg in Non-Cash Work Cap	-712	-496	-788	-503	-1,251	-1,474	-1,221	-1,853	-2,045	-2,348	-2,500	-2,124	-2,075	-1,872	-2,015
+ (Inc) Dec in Accts Receiv	-110	37	-41	-8	-228	-228	17	-297	-200	-332	-250	-230	-375	-308	-343
+ Inc (Dec) in Accts Payable	35	59	-46	45	-14	47	-54	-1	-20	195	-135	71	2	15	-8
+ (Inc) Dec in Inventories	-634	-591	-693	-538	-1,009	-1,265	-1,182	-1,560	-1,836	-2,083	-2,033	-1,924	-1,692	-1,562	-1,668
+ (Inc) Dec in Prepaid Assets	-4	-4	-9	-1	-5	-36	1	3	6	-26	8	-8	- -	-2	-25
+ Inc (Dec) in Other	2	4	1	-1	6	8	-5	3	5	-103	-89	-33	-11	-16	30
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	49	307	60	308	-49	168	467	159	356	317	456	246	242	204	139
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-88	-78	-65	-58	-48	-61	-57	-58	-79	-93	-64	-10	-10	-10	-8
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-88	-78	-65	-58	-48	-61	-57	-58	-79	-93	-64	-10	-10	-10	-8
+ Disp in Fixed & Intang	53	11	7	7	6	8	19	13	9	14	7	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	53	11	7	7	6	8	19	13	9	14	7	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	-99	11	-27	90	- -	- -	3	3	1	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	1	102	48	90	- -	- -	3	3	1	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	-101	-91	-75	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-10	-25	-29	-9	-684	-59	26	-144	-189	-11	-14	-23	- -	- -	- -
+ Cash for Acq of Subs	-18	-32	-31	-11	-701	-73	-10	-146	-190	-14	-15	-23	- -	- -	- -
+ Cash from Divestitures	8	7	2	2	17	14	36	1	1	3	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	4	-8	-18	-8	-17	-43	-50	-44	-29	-71
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-44	-191	-76	-87	-636	-109	-20	-205	-263	-106	-115	-82	-54	-39	-79
+ Dividends Paid	-3	-4	-6	-4	-8	-7	-7	-8	-6	-9	-14	- -	- -	- -	-20
+ Net Cash From Debt	-13	112	-12	-2	463	-41	-110	-135	72	-85	-242	542	- -	- -	50
+ Cash From Debt	2	129	16	3	905	290	99	16	170	- -	106	592	- -	- -	50
+ Repayments of Debt	-16	-17	-29	-5	-442	-331	-209	-151	-98	-85	-348	-50	- -	- -	- -
+ Cash (Repurchase) of Equity	-27	-121	-34	-125	- -	- -	-35	-63	-169	-69	- -	-571	-224	-140	-139
+ Decrease in Capital Stock	-28	-127	-34	-125	- -	- -	-35	-63	-169	-69	- -	-571	-224	-140	-139
+ Increase in Capital Stock	1	6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	1	22	11	1	- -	-2	-6	-26	-5	-107	-1	-3	-2	-10
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-43	-12	-31	-120	457	-47	-154	-211	-129	-169	-363	-30	-227	-142	-119
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-38	104	-47	102	-228	11	293	-258	-36	42	-21	134	-38	24	-60
Capital Expenditures	-88	-78	-65	-58	-48	-61	-57	-58	-79	-93	-64	-10	-10	-10	-8
EBITDA	239	276	306	337	408	576	601	355	602	305	533	528	445	437	434
EBITDA Margin (%)	12.73	13.74	13.85	15.08	15.15	18.12	18.74	10.5	29.58	14.08	21.47	19.71	17.13	18.13	17.62
Net Cash Paid for Acquisitions	10	25	29	9	684	59	-26	144	189	11	14	23	- -	- -	- -
Free Cash Flow	-38	229	-5	250	-97	107	410	101	278	224	392	236	233	195	130
Free Cash Flow to Firm	-36	232	-1	254	-84	122	425	- -	278	224	392	240	259	222	- -
Free Cash Flow to Equity	2	352	-11	255	373	74	319	-21	359	154	157	778	233	195	180
Free Cash Flow per Basic Share	-0.47	2.93	-0.07	3.3	-1.33	1.47	5.66	1.43	4.02	3.33	5.82	3.58	4.48	4.23	3.06
Price/Free Cash Flow	11.72	5.28	16.76	5.92	-1,540.87	6.96	4.34	12.95	6.69	9.4	6.96	11.58	3.44	6.65	12.53
Cash Flow to Net Income	0.42	2.7	0.35	2.56	-0.63	1.23	3.35	0.54	1.82	10.08	-7.42	1.01	2.46	1.47	0.7

PROG Holdings, Inc.

Income Statement

Balance Sheet

Cash Flow Statement