Aarons 2002 Annual Report Download - page 2

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Financial Highlights . . . . . . . . . . . . . . . . . . . . 1
Letter to Shareholders . . . . . . . . . . . . . . . . . . . 2
Selected Financial Information . . . . . . . . . . . 14
Management’s Discussion and
Analysis of Financial Condition
and Results of Operations . . . . . . . . . . . . . . . 15
Consolidated Balance Sheets . . . . . . . . . . . . . 20
Consolidated Statements of Earnings . . . . . . 21
Consolidated Statements of
Shareholders’ Equity . . . . . . . . . . . . . . . . . . . 21
Consolidated Statements of Cash Flows . . . . 22
Notes to Consolidated
Financial Statements . . . . . . . . . . . . . . . . . . 23
Report of Independent Auditors . . . . . . . . . . . 31
Store Locations . . . . . . . . . . . . . . . . . . . . . . . 32
Board of Directors and Officers . . . . . . . . . . . 33
Corporate and Shareholder Information . . . . 33
CONTENTS
Aaron Rents, Inc. is the leading U.S.
company engaged in the combined
businesses of the rental, sales and lease
ownership, and specialty retailing of
residential and office furniture, consumer
electronics, household appliances, and accessories, with more
than 700 stores in 43 states and Puerto Rico. The Company
also manufactures furniture, bedding, and accessories
in 10 facilities in four states. Its major operations are
the Aaron’s Sales & Lease Ownership division, the Rent-to-
Rent division, and MacTavish Furniture Industries,
which manufactures the majority of the furniture rented,
leased, and sold in the Company’s stores. The Company’s
strategic focus is on increasing its 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 seeking new
opportunities for growth of the rent-to-rent business.