For the quarter ending 2026-03-31, PRG had -$229,272K decrease in cash & cash equivalents over the period. $168,550K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net earnings | 36,054 | 40,466 | 33,121 | 73,201 |
| Depreciation of lease merchandise | 409,010 | 366,191 | 378,499 | 845,550 |
| Impairment of assets | - | 3,248 | 0 | 0 |
| Other depreciation and amortization | 14,150 | 6,203 | 6,142 | 12,111 |
| Provisions for accounts receivable and credit losses | 100,150 | 102,477 | 106,963 | 198,650 |
| Stock-based compensation | 7,642 | 7,174 | 7,097 | 14,536 |
| Gain on change in fair value of receivables | 5,712 | - | - | - |
| Deferred income taxes | -7,756 | -17,655 | -53,466 | 20,049 |
| Income tax benefit from reversal of uncertain tax position | - | 0 | 0 | - |
| Gain on sale of receivables | 7,030 | 43,683 | - | - |
| Non-cash lease expense | -732 | -659 | -638 | -1,642 |
| Other changes, net | -964 | -396 | 1,507 | 943 |
| Additions to lease merchandise | 389,976 | 516,373 | 395,249 | 784,951 |
| Book value of lease merchandise sold or disposed | 58,682 | 42,327 | 41,900 | 93,340 |
| Accounts receivable | 32,901 | 87,323 | 89,528 | 147,179 |
| Prepaid expenses and other assets | 802 | -238 | -3,262 | -5,480 |
| Income tax receivable and payable | -21,269 | -763 | 42,209 | -1,749 |
| Accounts payable and accrued expenses | -44,499 | 1,919 | 10,895 | -4,620 |
| Customer deposits and advance payments | -2,326 | 4,078 | -2,169 | -5,413 |
| Cash provided by operating activities | 171,699 | -54,903 | 110,045 | 279,820 |
| Investments in loans receivable | 284,863 | 323,863 | 226,356 | 370,099 |
| Proceeds from loans receivable | 293,997 | 249,706 | 195,657 | 339,206 |
| Funding of other receivables | 19,419 | - | - | - |
| Proceeds from sale of loans receivable | - | 152,436 | - | - |
| Collections from other receivables | 18,821 | - | - | - |
| Purchases of property and equipment | 3,149 | 2,593 | 3,553 | 3,896 |
| Proceeds from sale of property and equipment | 584 | 0 | 0 | - |
| Other proceeds | - | 0 | 0 | 0 |
| Acquisition of business, net of cash acquired | 391,845 | - | - | - |
| Cash used in investing activities | -385,874 | 75,686 | -34,252 | -34,789 |
| Proceeds from debt | 546,178 | - | - | - |
| Repayments on revolving facility | - | - | 0 | 50,000 |
| Repayments on debt | 541,108 | - | - | - |
| Borrowings (payments) on revolving facility | - | -50,000 | - | - |
| Dividends paid | 5,609 | 5,142 | 5,182 | 10,443 |
| Acquisition of treasury stock | 0 | 0 | 0 | 51,775 |
| Issuance of stock under stock option and employee purchase plans | 187 | 602 | 0 | 1,028 |
| Cash paid for shares withheld for employee taxes | 10,117 | 79 | 28 | 7,385 |
| Debt issuance costs | 4,628 | 0 | 0 | 84 |
| Cash used in financing activities | -15,097 | -4,619 | -5,210 | -118,659 |
| (decrease) increase in cash, cash equivalents and restricted cash | -229,272 | 16,164 | 70,583 | 126,372 |
| Cash, cash equivalents and restricted cash at beginning of period | 308,774 | 292,610 | 95,655 | - |
| Cash, cash equivalents and restricted cash at end of period | 79,502 | 308,774 | 292,610 | - |
PROG Holdings, Inc. (PRG)
PROG Holdings, Inc. (PRG)