Aarons 2002 Annual Report Download - page 23

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21
CONSOLIDATED STATEMENTS OF EARNINGS
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Accumulated Other
Comprehensive Income (Loss)
Additional Derivatives
Treasury Stock Common Stock Paid-In Retained Designated Marketable
(In Thousands, Except Per Share) Shares Amount Common Class A Capital Earnings As Hedges Securities
BALANCE, DECEMBER 31, 1999
(3,710) ($41,592) $9,135 $2,681 $54,181 $159,313
Reacquired Shares (328) (4,625)
Dividends, $.04 per share (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
Dividends, $.04 per share (797)
Reissued Shares 100 1,660 184
Net Earnings 12,336
Change in Fair Value of Financial
Instruments, Net of Income Taxes of $1,191 ($1,954)
BALANCE, DECEMBER 31, 2001
(3,663) (41,062) 9,135 2,681 53,846 197,321 (1,954)
Reacquired Shares (98) (1,667)
Stock Offering 863 33,215
Dividends, $.04 per share (833)
Reissued Shares 118 1,033 441
Net Earnings 27,440
Change in Fair Value of Financial
Instruments, Net of Income Taxes of $51 (18) $104
BALANCE, DECEMBER 31, 2002
(3,643) ($41,696) $9,998 $2,681 $87,502 $223,928 ($1,972) $104
The accompanying notes are an integral part of the Consolidated Financial Statements.
Year Ended Year Ended Year Ended
December 31, December 31, December 31,
(In Thousands, Except Per Share) 2002 2001 2000
REVENUES
Rentals & Fees $459,179 $403,385 $359,880
Retail Sales 72,698 60,481 62,417
Non-Retail Sales 88,969 66,212 65,498
Other 19,842 16,603 15,125
640,688 546,681 502,920
COSTS & EXPENSES
Retail Cost of Sales 53,856 43,987 44,156
Non-Retail Cost of Sales 82,407 61,999 60,996
Operating Expenses 293,346 276,682 227,587
Depreciation of Rental Merchandise 162,660 137,900 120,650
Interest 4,767 6,258 5,625
597,036 526,826 459,014
Earnings Before Income Taxes 43,652 19,855 43,906
Income Taxes 16,212 7,519 16,645
Net Earnings $ 27,440 $ 12,336 $ 27,261
Earnings Per Share $ 1.31 $ .62 $ 1.38
Earnings Per Share Assuming Dilution 1.29 .61 1.37
The accompanying notes are an integral part of the Consolidated Financial Statements.