UPBOUND GROUP INC
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
UPBD$24.68+1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Financial Statements Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands, except per share data) | 2023 | 2022 | 2021 |
| Revenues | |||
| Store | |||
| Rentals and fees | $3,261,678 | $3,375,453 | $3,522,453 |
| Merchandise sales | 541,766 | 675,288 | 829,222 |
| Installment sales | 63,630 | 72,328 | 73,585 |
| Other | 5,869 | 4,975 | 4,148 |
| Total store revenues | 3,872,943 | 4,128,044 | 4,429,408 |
| Franchise | |||
| Merchandise sales | 95,054 | 91,350 | 126,856 |
| Royalty income and fees | 24,416 | 25,998 | 27,187 |
| Total revenues | 3,992,413 | 4,245,392 | 4,583,451 |
| Cost of revenues | |||
| Store | |||
| Cost of rentals and fees | 1,199,161 | 1,268,809 | 1,260,434 |
| Cost of merchandise sold | 652,894 | 779,789 | 935,765 |
| Cost of installment sales | 22,997 | 25,547 | 25,637 |
| Total cost of store revenues | 1,875,052 | 2,074,145 | 2,221,836 |
| Franchise cost of merchandise sold | 95,103 | 91,715 | 126,603 |
| Total cost of revenues | 1,970,155 | 2,165,860 | 2,348,439 |
| Gross profit | 2,022,258 | 2,079,532 | 2,235,012 |
| Operating expenses | |||
| Store expenses | |||
| Labor | 613,538 | 634,341 | 644,763 |
| Other store expenses | 775,919 | 821,821 | 770,073 |
| General and administrative expenses | 201,706 | 186,470 | 194,894 |
| Depreciation, amortization and write-down of intangibles | 51,321 | 53,079 | 54,830 |
| Other charges | 216,909 | 235,283 | 289,913 |
| Total operating expenses | 1,859,393 | 1,930,994 | 1,954,473 |
| Operating profit | 162,865 | 148,538 | 280,539 |
| Debt refinancing charges | — | — | 15,582 |
| Interest expense | 113,418 | 87,708 | 70,874 |
| Interest income | (3,420) | (641) | (221) |
| Earnings before income taxes | 52,867 | 61,471 | 194,304 |
| Income tax expense | 58,046 | 49,114 | 59,364 |
| Net (loss) earnings | $(5,179) | $12,357 | $134,940 |
| Basic (loss) earnings per common share | $(0.09) | $0.23 | $2.37 |
| Diluted (loss) earnings per common share | $(0.09) | $0.21 | $2.02 |
| Cash dividends declared per common share | $1.39 | $1.36 | $1.27 |
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