Aarons 2000 Annual Report Download - page 19

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17
Consolidated Statements
of Earnings
Consolidated Statements
of Shareholders’ Equity
Additional
Treasury Stock Common Stock Paid-In Retained
(In Thousands) Shares Amount Common Class A Capital Earnings
Balance, December 31, 1997 (2,583) ($23,659) $8,085 $2,681 $15,484 $113,864
Stock Offering 1,050 38,908
Reacquired Shares (736) (10,560)
Dividends (837)
Reissued Shares 235 2,479 (108)
Net Earnings 21,484
Balance, December 31, 1998 (3,084) (31,740) 9,135 2,681 54,284 134,511
Reacquired Shares (860) (12,673)
Dividends (800)
Reissued Shares 234 2,821 (103)
Net Earnings 25,602
Balance, December 31, 1999 (3,710) (41,592) 9,135 2,681 54,181 159,313
Reacquired Shares (328) (4,625)
Dividends (792)
Reissued Shares 275 3,495 (519)
Net Earnings 27,261
Balance, December 31, 2000 (3,763) ($42,722) $9,135 $2,681 $53,662 $185,782
The accompanying notes are an integral part of the Consolidated Financial Statements.
Year Ended Year Ended Year Ended
(In Thousands, December 31, December 31, December 31,
Except Per Share) 2000 1999 1998
Revenues
Rentals & Fees $359,880 $318,154 $289,272
Retail Sales 62,417 62,296 62,576
Non-Retail Sales 65,498 45,394 18,985
Other 15,125 11,515 8,826
502,920 437,359 379,659
Costs & Expenses
Retail Cost of Sales 44,156 45,254 44,386
Non-Retail Cost of Sales 60,996 42,451 17,631
Operating Expenses 227,587 201,923 189,719
Depreciation of Rental Merchandise 120,650 102,324 89,171
Interest 5,625 4,105 3,561
459,014 396,057 344,468
Earnings Before Income Taxes 43,906 41,302 35,191
Income Taxes 16,645 15,700 13,707
Net Earnings $ 27,261 $ 25,602 $ 21,484
Earnings Per Share $ 1.38 $ 1.28 $ 1.06
Earnings Per Share Assuming Dilution 1.37 1.26 1.04
The accompanying notes are an integral part of the Consolidated Financial Statements.