Aarons 2004 Annual Report Download - page 14

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12
Selected Financial Information
Year Ended Year Ended Year Ended Year Ended Year Ended
(Dollar Amounts in Thousands, December 31, December 31, December 31, December 31, December 31,
Except Per Share) 2004 2003 2002 2001 2000
OPERATING RESULTS
Revenues:
Rentals & Fees $694,293 $553,773 $459,179 $403,385 $359,880
Retail Sales 56,259 68,786 72,698 60,481 62,417
Non-Retail Sales 160,774 120,355 88,969 66,212 65,498
Other 35,154 23,883 19,842 16,603 15,125
946,480 766,797 640,688 546,681 502,920
Costs & Expenses:
Retail Cost of Sales 39,380 50,913 53,856 43,987 44,156
Non-Retail Cost of Sales 149,207 111,714 82,407 61,999 60,996
Operating Expenses 414,518 344,884 293,346 276,682 227,587
Depreciation of Rental Merchandise 253,456 195,661 162,660 137,900 120,650
Interest 5,413 5,782 4,767 6,258 5,625
861,974 708,954 597,036 526,826 459,014
Earnings Before Income Taxes 84,506 57,843 43,652 19,855 43,906
Income Taxes 31,890 21,417 16,212 7,519 16,645
Net Earnings $ 52,616 $ 36,426 $ 27,440 $ 12,336 $ 27,261
Earnings Per Share $ 1.06 $ .74 $ .58 $ .28 $ .61
Earnings Per Share Assuming Dilution 1.04 .73 .57 .27 .61
Dividends Per Share:
Common $ .039 $ .022 $ .018 $ .018 $ .018
Class A .039 .022 .018 .018 .018
FINANCIAL POSITION
Rental Merchandise, Net $425,567 $343,013 $317,287 $258,932 $267,713
Property, Plant & Equipment, Net 111,118 99,584 87,094 77,282 63,174
Total Assets 700,288 559,884 487,468 403,881 387,657
Interest-Bearing Debt 116,655 79,570 73,265 77,713 104,769
Shareholders’ Equity 375,178 320,186 280,545 219,967 208,538
AT YEAR END
Stores Open:
Company-Operated 674 560 482 439 361
Franchised 357 287 232 209 193
Rental Agreements in Effect 582,000 464,800 369,000 314,600 281,000
Number of Employees 6,400 5,400 4,800 4,200 3,900
The Company adopted Statement of Financial Accounting Standards No. 142, Goodwill and Other Intangible Assets, on
January 1, 2002. If the Company had applied the non-amortization provisions of Statement 142 for all periods presented, net
earnings and diluted net earnings per share would have increased by approximately $688,000 ($.013 per share) and $431,000
($.009 per share) for the years ended December 31, 2001 and 2000, respectively.