Aarons 2002 Annual Report Download - page 3

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1
REVENUES BY YEAR NET EARNINGS BY YEAR
Year Ended Year Ended
(Dollar Amounts in Thousands, December 31, December 31, Percentage
Except Per Share) 2002 2001 Change
OPERATING RESULTS
Revenues $640,688 $546,681 17.2%
Earnings Before Taxes 43,652 19,855 119.9
Net Earnings 27,440 12,336 122.4
Earnings Per Share 1.31 0.62 111.3
Earnings Per Share
Assuming Dilution 1.29 0.61 111.5
FINANCIAL POSITION
Total Assets $483,648 $397,196 21.8%
Rental Merchandise, Net 317,287 258,932 22.5
Credit Facilities 73,265 77,713 (5.7)
Shareholders’ Equity 280,545 219,967 27.5
Book Value Per Share 12.92 11.01 17.3
Debt to Capitalization 20.7% 26.1%
Pre-Tax Profit Margin 6.8 3.6
Net Profit Margin 4.3 2.3
Return on Average Equity 11.0 5.8
STORES OPEN AT YEAR END
Sales & Lease Ownership 387 364 6.3%
Sales & Lease Ownership Franchised 232 209 11.0
Sight & Sound 25
Rent-to-Rent 70 75 (6.7)
Total Stores 714 648 10.2%
FINANCIAL HIGHLIGHTS
’98
’99 ’00 ’01 ’02
$700,000
600,000
500,000
400,000
300,000
200,000
100,000
0
($ in 000s)
Rent-to-Rent Stores
Company-Operated Sales
& Lease Ownership Stores
’98
’99 ’00 ’01 ’02
$30,000
25,000
20,000
15,000
10,000
5,000
0
($ in 000s)