Aarons 2010 Annual Report Download - page 28

Download and view the complete annual report

Please find page 28 of the 2010 Aarons annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52

Consolidated Balance Sheets
December 31, December 31,
(In Thousands, Except Share Data) 2010 2009
Assets:
Cash and Cash Equivalents $ 72,022 $ 109,685
Accounts Receivable (net of allowances of $4,544
in 2010 and $4,157 in 2009) 69,662 66,095
Lease Merchandise 1,280,457 1,122,954
Less: Accumulated Depreciation (465,973) (440,552)
814,484 682,402
Property, Plant and Equipment, Net 204,912 215,183
Goodwill, Net 202,379 194,376
Other Intangibles, Net 3,832 5,200
Prepaid Expenses and Other Assets 122,932 36,082
Assets Held for Sale 11,849 12,433
Total Assets $1,502,072 $1,321,456
Liabilities & Shareholders’ Equity:
Accounts Payable and Accrued Expenses $ 213,139 $ 177,284
Deferred Income Taxes Payable 227,513 163,670
Customer Deposits and Advance Payments 40,213 38,198
Credit Facilities 41,790 55,044
Total Liabilities 522,655 434,196
Shareholders’ Equity:
Common Stock, Par Value $.50 Per Share;
Authorized: 225,000,000 and 125,000,000
Shares at December 31, 2010 and 2009,
respectively; Shares Issued: 90,752,123 at
December 31, 2010 and 2009, respectively 45,376 45,378
Additional Paid-in Capital 201,752 196,669
Retained Earnings 809,084 694,689
Accumulated Other Comprehensive Income (Loss) 846 (101)
1,057,058 936,635
Less: Treasury Shares at Cost,
Common Stock, 10,664,728 and 9,397,997 Shares
at December 31, 2010 and 2009, respectively (77,641) (49,375)
Total Shareholders’ Equity 979,417 887,260
Total Liabilities & Shareholders’ Equity $1,502,072 $1,321,456
The accompanying notes are an integral part of the Consolidated Financial Statements.
24