Aarons 1999 Annual Report Download - page 2

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Financial Highlights 1
Letter to Shareholders 2
Selected Financial Information 13
Management’s Discussion and
Analysis of Financial Condition
and Results of Operations 14
Consolidated Balance Sheets 17
Consolidated Statements of Earnings 18
Consolidated Statements of
Shareholders’ Equity 19
Consolidated Statements of
Cash Flows 20
Notes to Consolidated
Financial Statements 21
Report of Independent Auditors 27
Store Locations 28
Board of Directors and Officers 29
Corporate and
Shareholder Information 29
Aaron Rents, Inc.
Aaron Rents, Inc. is the leading U.S. company
engaged in the combined businesses of the
rental, rental purchase and specialty retailing
of residential and office furniture, consumer
electronics, household appliances and accessories
with 475 stores in 40 states. The Company is
positioned as “America’s Premier Name in
Furniture Rental and Rental Purchase” and
offers both individual and corporate customers
a wide range of residential and office furniture,
consumer electronics, household appliances and
accessories for rental, rental purchase and sale.
Contents
The Company’s major operations are the
Aaron’s Rental Purchase division, the Rent-
to-Rent division and MacTavish Furniture
Industries, which manufactures much of the
furniture for the Company’s rental and rental
purchase stores. Strategically, the Company
is focused on increasing the rental purchase
business through opening new Company-
operated stores and through its franchise
program, which is unique in the industry,
while expanding the rent-to-rent business by
identifying and responding to new market
opportunities.
Growing Across America