Aarons 2004 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) 2004 2003 Change
OPERATING RESULTS
Revenues $946,480 $766,797 23.4%
Earnings Before Taxes 84,506 57,843 46.1
Net Earnings 52,616 36,426 44.4
Earnings Per Share 1.06 .74 43.2
Earnings Per Share Assuming Dilution 1.04 .73 42.5
FINANCIAL POSITION
Total Assets $700,288 $559,884 25.1%
Rental Merchandise, Net 425,567 343,013 24.1
Credit Facilities 116,655 79,570 46.6
Shareholders’ Equity 375,178 320,186 17.2
Book Value Per Share 7.54 6.51 15.8
Debt to Capitalization 23.7% 19.9%
Pretax Profit Margin 8.9 7.5
Net Profit Margin 5.6 4.8
Return on Average Equity 15.1 12.1
STORES OPEN AT YEAR END
Sales & Lease Ownership 616 500 23.2%
Sales & Lease Ownership Franchised* 357 287 24.4
Rent-to-Rent 58 60 (3.3)
Total Stores 1,031 847 21.7%
Financial Highlights
0
200,000
400,000
600,000
800,000
$1,000,000
20042000 2001 2002 2003
Company-Operated Sales & Lease Ownership Stores
Rent-to-Rent Stores
($ in 000s)
0
10,000
20,000
30,000
40,000
50,000
$60,000
20042000 2001 2002 2003
($ in 000s)
* Sales & Lease Ownership franchised stores are not owned or operated by Aaron Rents, Inc.