Aarons 2010 Annual Report Download - page 18

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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) 2010 2009 2008 2007 2006
Operating Results
Revenues:
Lease Revenues and Fees $1,402,053 $1,310,709 $1,178,719 $1,045,804 $ 915,872
Retail Sales 40,556 43,394 43,187 34,591 40,102
Non-Retail Sales 362,273 327,999 309,326 261,584 224,489
Franchise Royalties and Fees 59,112 52,941 45,025 38,803 33,626
Other 12,853 17,744 16,351 14,157 14,358
1,876,847 1,752,787 1,592,608 1,394,939 1,228,447
Costs and Expenses:
Retail Cost of Sales 23,013 25,730 26,379 21,201 25,207
Non-Retail Cost of Sales 330,918 299,727 283,358 239,755 207,217
Operating Expenses 824,929 771,634 705,566 617,106 525,980
Depreciation of Lease Merchandise 504,105 474,958 429,907 391,538 349,218
Interest 3,096 4,299 7,818 7,587 8,567
1,686,061 1,576,348 1,453,028 1,277,187 1,116,189
Earnings From Continuing Operations
Before Income Taxes 190,786 176,439 139,580 117,752 112,258
Income Taxes 72,410 63,561 53,811 44,327 41,355
Net Earnings From Continuing Operations 118,376 112,878 85,769 73,425 70,903
(Loss) Earnings From Discontinued Operations,
Net of Tax — (277) 4,420 6,850 7,732
Net Earnings $ 118,376 $ 112,601 $ 90,189 $ 80,275 $ 78,635
Earnings Per Share From Continuing Operations $ 1.46 $ 1.39 $ 1.07 $ .90 $ .90
Earnings Per Share From Continuing
Operations Assuming Dilution 1.44 1.38 1.06 .89 .89
Earnings Per Share From Discontinued Operations .00 .00 .06 .08 .10
(Loss) Earnings Per Share From Discontinued Operations
Assuming Dilution .00 (.01) .05 .08 .10
Dividends Per Share:
Common Stock .049 .046 .043 .041 .038
Class A Common Stock .049 .046 .043 .041 .038
Financial Position
Lease Merchandise, Net $ 814,484 $ 682,402 $ 681,086 $ 558,322 $ 550,205
Property, Plant and Equipment, Net 204,912 215,183 209,452 228,275 152,032
Total Assets 1,502,072 1,321,456 1,233,270 1,113,176 979,606
Debt 41,790 55,044 114,817 185,832 129,974
Shareholders’ Equity 979,417 887,260 761,544 673,380 607,015
At Year End
Stores Open:
Company-Operated 1,150 1,097 1,053 1,030 857
Franchised 664 597 504 484 441
Lease Agreements in Effect 1,325,000 1,171,000 1,017,000 820,000 734,000
Number of Employees 10,400 10,000 9,600 9,100 7,900
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