Aarons 1999 Annual Report Download - page 22

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2020
Consolidated Statements of Cash Flows
Year Ended Year Ended Year Ended
December 31, December 31, December 31,
(In Thousands) 1999 1998 1997
Operating Activities
Net Earnings $ 25,602 $ 21,484 $ 18,396
Depreciation & Amortization 112,746 98,090 77,487
Deferred Income Taxes 6,599 1,124 3,805
Change in Accounts Payable &
Accrued Expenses 3,480 3,109 5,103
Change in Accounts Receivable (4,804) (4,432) (1,083)
Other Changes, Net (3,330) 1,253 1,587
Cash Provided by Operating Activities 140,293 120,628 105,295
Investing Activities
Additions to Property, Plant & Equipment (21,030) (22,209) (15,165)
Book Value of Property Retired or Sold 5,833 3,521 6,531
Additions to Rental Merchandise (218,933) (174,496) (145,262)
Book Value of Rental Merchandise Sold 95,840 69,018 58,436
Contracts & Other Assets Acquired (11,393) (1,841) (21,665)
Cash Used by Investing Activities (149,683) (126,007) (117,125)
Financing Activities
Proceeds from Revolving Credit Agreement 180,213 157,622 118,545
Repayments on Revolving Credit Agreement (158,399) (183,115) (97,766)
Proceeds from Common Stock Offering 39,958
(Decrease) Increase in Other Debt (781) 734 342
Dividends Paid (816) (801) (761)
Acquisition of Treasury Stock (12,673) (10,560) (8,918)
Issuance of Stock Under Stock Option Plan 1,850 1,540 400
Cash Provided by Financing Activities 9,394 5,378 11,842
Increase (Decrease) in Cash 4 (1) 12
Cash at Beginning of Year 95 96 84
Cash at End of Year $99 $95 $96
Cash Paid During the Year:
Interest $ 4,025 $ 4,082 $ 3,713
Income Taxes 15,289 10,004 6,989
The accompanying notes are an integral part of the Consolidated Financial Statements.