Aarons 1999 Annual Report Download - page 15

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13
Selected Financial Information
Twelve
Year Ended Year Ended Year Ended Year Ended Months Ended
(Dollar Amounts in Thousands December 31, December 31, December 31, December 31, December 31,
Except Per Share) 1999 1998 1997 1996 1995
(unaudited)
Operating Results
Systemwide Revenues1$547,255 $464,175 $364,306 $306,200 $256,500
Revenues:
Rentals & Fees $318,154 $289,272 $231,207 $208,463 $182,311
Sales 107,690 81,561 73,223 61,527 52,999
Other 11,515 8,826 6,321 4,255 2,465
437,359 379,659 310,751 274,245 237,775
Costs & Expenses:
Cost of Sales 87,705 62,017 55,914 46,168 38,274
Operating Expenses 201,923 189,719 149,728 135,012 119,590
Depreciation of
Rental Merchandise 102,324 89,171 71,151 64,437 55,408
Interest 4,105 3,561 3,721 3,449 3,172
396,057 344,468 280,514 249,066 216,444
Earnings Before
Income Taxes 41,302 35,191 30,237 25,179 21,331
Income Taxes 15,700 13,707 11,841 9,786 8,113
Net Earnings $ 25,602 $ 21,484 $ 18,396 $ 15,393 $ 13,218
Earnings Per Share $ 1.28 $ 1.06 $ .96 $ .81 $ .68
Earnings Per Share
Assuming Dilution 1.26 1.04 .94 .77 .66
Dividends Per Share:
Common $ .04 $ .04 $ .04 $ .04 $ .05
Class A .04 .04 .04 .04 .02
Financial Position
Rental Merchandise, Net $219,831 $194,163 $176,968 $149,984 $122,311
Property, Plant &
Equipment, Net 55,918 50,113 39,757 33,267 23,492
Total Assets 318,408 272,174 239,382 198,103 158,645
Interest-Bearing Debt 72,760 51,727 76,486 55,365 37,479
Shareholders’ Equity 183,718 168,871 116,455 107,335 91,094
At Year End
Stores Open:
Company-Operated 320 291 292 240 212
Franchised 155 136 101 61 36
Rental Agreements in Effect 295,000 227,400 219,800 179,600 158,900
Number of Employees 3,600 3,400 3,100 2,550 2,160
1Systemwide revenues include rental revenues of franchised Aaron’s Rental Purchase stores.