Aarons 2013 Annual Report Download - page 33

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ITEM 6. SELECTED FINANCIAL DATA
The following table sets forth certain selected consolidated financial data of Aaron’s, Inc., which have been derived from its
Consolidated Financial Statements for each of the five years in the period ended December 31, 2013. Certain reclassifications have
been made to the prior periods to conform to the current period presentation. This historical information may not be indicative of the
Company’s future performance. The information set forth below should be read in conjunction with Management’s Discussion and
Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and the notes thereto.
(Dollar Amounts in Thousands, Except Per Share Data)
Year Ended
December 31,
2013
Year Ended
December 31,
2012
Year Ended
December 31,
2011
Year Ended
December 31,
2010
Year Ended
December 31,
2009
OPERATING RESULTS
Revenues:
Lease Revenues and Fees $ 1,748,699 $ 1,676,391 $ 1,516,508 $ 1,402,053 $ 1,310,709
Retail Sales 40,876 38,455 38,557 40,556 43,394
Non-Retail Sales 371,292 425,915 388,960 362,273 327,999
Franchise Royalties and Fees 68,575 66,655 63,255 59,112 52,941
Other 5,189 5,411 5,298 4,799 3,914
2,234,631 2,212,827 2,012,578 1,868,793 1,738,957
Costs and Expenses:
Retail Cost of Sales 24,318 21,608 22,619 22,893 25,575
Non-Retail Cost of Sales 337,581 387,362 351,887 329,187 297,923
Operating Expenses 1,022,684 952,617 866,600 822,637 766,728
Legal and Regulatory Expense/(Income) 28,400 (35,500) 36,500 — —
Retirement and Vacation Charges 4,917 10,394 3,532 — —
Depreciation of Lease Merchandise 628,089 601,552 547,839 501,467 472,100
Other Operating Expense (Income), Net 1,584 (2,235) (3,550) (147) (3,257)
2,047,573 1,935,798 1,825,427 1,676,037 1,559,069
Operating Profit 187,058 277,029 187,151 192,756 179,888
Interest Income 2,998 3,541 1,718 509 134
Interest Expense (5,613) (6,392) (4,709) (3,096) (4,299)
Other Non-Operating Income (Expense), Net 517 2,677 (783) 617 716
Earnings Before Income Taxes 184,960 276,855 183,377 190,786 176,439
Income Taxes 64,294 103,812 69,610 72,410 63,561
Net Earnings From Continuing Operations 120,666 173,043 113,767 118,376 112,878
Loss From Discontinued Operations, Net of Tax — — — — (277)
Net Earnings $ 120,666 $ 173,043 $ 113,767 $ 118,376 $ 112,601
Earnings Per Share From Continuing Operations $ 1.59 $ 2.28 $ 1.46 $ 1.46 $ 1.39
Earnings Per Share From Continuing Operations
Assuming Dilution 1.58 2.25 1.43 1.44 1.38
Loss Per Share From Discontinued Operations — — — — —
Loss Per Share From Discontinued Operations
Assuming Dilution — — — — (.01)
Dividends Per Share:
Common Stock .072 .062 .054 .049 .046
Former Class A Common Stock — — — .049 .046
FINANCIAL POSITION
(Dollar Amounts in Thousands)
Lease Merchandise, Net $ 869,725 $ 964,067 $ 862,276 $ 814,484 $ 682,402
Property, Plant and Equipment, Net 231,293 230,598 226,619 204,912 215,183
Total Assets 1,827,176 1,812,929 1,731,899 1,500,853 1,320,860
Debt 142,704 141,528 153,789 41,790 55,044
Shareholders’ Equity 1,139,963 1,136,126 976,554 979,417 887,260
AT YEAR END
Stores Open:
Company-operated 1,370 1,324 1,232 1,150 1,097
Franchised 781 749 713 664 597
Lease Agreements in Effect 1,751,000 1,662,000 1,508,000 1,325,000 1,171,000
Number of Associates 12,600 11,900 11,200 10,400 10,000
Earnings per share data has been adjusted for the effect of the 3-for-2 partial stock split distributed on April 15, 2010 and effective
April 16, 2010.