Aarons 2015 Annual Report Download - page 37
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Results of Operations – Years Ended December 31, 2015, 2014 and 2013
(In Thousands)
Lease Revenues
and Fees $ 2,684,184
$ 2,221,574
$ 1,748,699
$ 462,610
20.8 %
$ 472,875
27.0 %
Retail Sales 32,872
38,360
40,876
(5,488)
(14.3)
(2,516)
(6.2)
Non-Retail Sales 390,137
363,355
371,292
26,782
7.4
(7,937)
(2.1)
Franchise Royalties and Fees 63,507
65,902
68,575
(2,395)
(3.6)
(2,673)
(3.9)
Interest and Fees on Loans
Receivable 2,845
—
—
2,845
nmf
—
nmf
Other 6,211
5,842
5,189
369
6.3
653
12.6
3,179,756
2,695,033
2,234,631
484,723
18.0
460,402
20.6
Depreciation of Lease
Merchandise 1,212,644
932,634
628,089
280,010
30.0
304,545
48.5
Retail Cost of Sales 21,040
24,541
24,318
(3,501)
(14.3)
223
.9
Non-Retail Cost of Sales 351,777
330,057
337,581
21,720
6.6
(7,524)
(2.2)
Operating Expenses 1,357,030
1,231,801
1,022,684
125,229
10.2
209,117
20.4
Financial Advisory and Legal
Costs —
13,661
—
(13,661)
nmf
13,661
nmf
Restructuring Expenses —
9,140
—
(9,140)
nmf
9,140
nmf
Retirement and Vacation
Charges —
9,094
4,917
(9,094)
nmf
4,177
85.0
Progressive-Related
Transaction Costs —
6,638
—
(6,638)
nmf
6,638
nmf
Legal and Regulatory
(Income) Expenses —
(1,200)
28,400
(1,200)
nmf
(29,600)
nmf
Other Operating Expense
(Income), Net 1,324
(1,176)
1,584
2,500
212.6
(2,760)
(174.2)
2,943,815
2,555,190
2,047,573
388,625
15.2
507,617
24.8
235,941
139,843
187,058
96,098
68.7
(47,215)
(25.2)
Interest Income 2,185
2,921
2,998
(736)
(25.2)
(77)
(2.6)
Interest Expense (23,339)
(19,215)
(5,613)
4,124
21.5
13,602
242.3
Other Non-Operating
(Expense) Income, Net (1,667)
(1,845)
517
(178)
(9.6)
2,362
456.9
213,120
121,704
184,960
91,416
75.1
(63,256)
(34.2)
77,411
43,471
64,294
33,940
78.1
(20,823)
(32.4)
$ 135,709
$ 78,233
$ 120,666
$ 57,476
73.5 %
$ (42,433)
(35.2)%
nmf—Calculation is not meaningful
36