Aarons 1999 Annual Report Download - page 20

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1818
Consolidated Statements of Earnings
Year Ended Year Ended Year Ended
(In Thousands, December 31, December 31, December 31,
Except Per Share) 1999 1998 1997
Revenues
Rentals & Fees $318,154 $289,272 $231,207
Retail Sales 62,296 62,576 58,602
Non-Retail Sales 45,394 18,985 14,621
Other 11,515 8,826 6,321
437,359 379,659 310,751
Costs & Expenses
Retail Cost of Sales 45,254 44,386 42,264
Non-Retail Cost of Sales 42,451 17,631 13,650
Operating Expenses 201,923 189,719 149,728
Depreciation of Rental Merchandise 102,324 89,171 71,151
Interest 4,105 3,561 3,721
396,057 344,468 280,514
Earnings Before Income Taxes 41,302 35,191 30,237
Income Taxes 15,700 13,707 11,841
Net Earnings $ 25,602 $ 21,484 $ 18,396
Earnings Per Share $ 1.28 $ 1.06 $ .96
Earnings Per Share Assuming Dilution 1.26 1.04 .94
The accompanying notes are an integral part of the Consolidated Financial Statements.