Aarons 2000 Annual Report Download - page 2

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Aaron Rents, Inc. is the leading U.S. company engaged in
the combined businesses of the rental, lease ownership
and specialty retailing of residential and office furniture,
consumer electronics, household appliances and
accessories, with 554 stores in 42 states and Puerto
Rico. The Company is positioned as “America’s
Premier Name in Furniture Rental and Lease
Ownership.” Its major operations are the Aaron’s Sales & Lease
Ownership division (formerly Aaron’s Rental Purchase
division), the Rent-to-Rent division, and MacTavish Furniture
Industries, which manufactures much of the furniture rented,
leased and sold in the Company’s
stores. Strategically, the Company is
focused on increasing the sales and
lease ownership business through the
opening of new Company-operated
stores, both by internal expansion and
acquisitions, and through the growing
franchise program, while expanding
the rent-to-rent business by respond-
ing to new market opportunities.
Financial Highlights . . . . . . . . . . . . . . . . . . . 1
Letter to Shareholders . . . . . . . . . . . . . . . . . . 2
Selected Financial Information . . . . . . . . . . . 13
Management’s Discussion and
Analysis of Financial Condition
and Results of Operations . . . . . . . . . . . . . . 14
Consolidated Balance Sheets . . . . . . . . . . . . 16
Consolidated Statements
of Earnings . . . . . . . . . . . . . . . . . . . . . . . 17
Consolidated Statements of
Shareholders’ Equity . . . . . . . . . . . . . . . . . 17
Consolidated Statements of
Cash Flows . . . . . . . . . . . . . . . . . . . . . . . 18
Notes to Consolidated
Financial Statements . . . . . . . . . . . . . . . . . 19
Report of Independent Auditors . . . . . . . . . . . 26
Store Locations . . . . . . . . . . . . . . . . . . . . . 27
Board of Directors and Officers . . . . . . . . . . . 28
Corporate and
Shareholder Information . . . . . . . . . . . . . . . 28
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