Aarons 2000 Annual Report Download - page 20

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18
Consolidated Statements
of Cash Flows
Year Ended Year Ended Year Ended
December 31, December 31, December 31,
(In Thousands) 2000 1999 1998
Operating Activities
Net Earnings $ 27,261 $ 25,602 $ 21,484
Depreciation & Amortization 133,109 112,746 98,090
Deferred Income Taxes 6,576 6,599 1,124
Change in Accounts Payable &
Accrued Expenses (2,248) 3,480 3,109
Change in Accounts Receivable (2,607) (4,804) (4,432)
Other Changes, Net 4,074 (3,330) 1,253
Cash Provided by Operating Activities 166,165 140,293 120,628
Investing Activities
Additions to Property, Plant & Equipment (23,761) (21,030) (22,209)
Book Value of Property Retired or Sold 7,326 5,833 3,521
Additions to Rental Merchandise (279,580) (218,933) (174,496)
Book Value of Rental Merchandise Sold 115,601 95,840 69,018
Contracts & Other Assets Acquired (14,273) (11,393) (1,841)
Cash Used by Investing Activities (194,687) (149,683) (126,007)
Financing Activities
Proceeds from Revolving Credit Agreement 198,403 180,213 157,622
Repayments on Revolving Credit Agreement (170,628) (158,399) (183,115)
Proceeds from Common Stock Offering 39,958
Increase (Decrease) in Other Debt 4,234 (781) 734
Dividends Paid (792) (816) (801)
Acquisition of Treasury Stock (4,625) (12,673) (10,560)
Issuance of Stock under Stock Option Plans 1,926 1,850 1,540
Cash Provided by Financing Activities 28,518 9,394 5,378
(Decrease) Increase in Cash (4) 4 (1)
Cash at Beginning of Year 99 95 96
Cash at End of Year $95$99$95
Cash Paid During the Year:
Interest $ 5,674 $ 4,025 $ 4,082
Income Taxes 5,762 15,289 10,004
The accompanying notes are an integral part of the Consolidated Financial Statements.