Aarons 1999 Annual Report Download - page 3
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’95
’96
’97
’98 ’99
$450,000
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
Rent-to-Rent Stores
Company-Operated
Rental Purchase Stores
$30,000
$25,000
20,000
15,000
10,000
5,000
0
’95
’96
’97
’98 ’99
($ in 000’s)($ in 000’s)
1
Year Ended Year Ended
(Dollar Amounts in Thousands, December 31, December 31, Percentage
Except Per Share) 1999 1998 Change
Operating Results
Revenues $437,359 $379,659 15.2%
Earnings Before Taxes 41,302 35,191 17.4
Net Earnings 25,602 21,484 19.2
Earnings Per Share 1.28 1.06 20.8
Earnings Per Share
Assuming Dilution 1.26 1.04 21.2
Financial Position
Total Assets $318,408 $272,174 17.0%
Rental Merchandise, Net 219,831 194,163 13.2
Interest-Bearing Debt 72,760 51,727 40.7
Shareholders’ Equity 183,718 168,871 8.8
Book Value Per Share 9.22 8.22 12.2
Debt to Capitalization 28.4% 23.4%
Pre-Tax Profit Margin 9.4 9.3
Net Profit Margin 5.9 5.7
Return on Average Equity 14.5 15.1
Stores Open
Rental Purchase 213 182 17.0%
Rental Purchase Franchised 155 136 14.0
Rent-to-Rent 107 109 -1.8
Total Stores 475 427 11.2%
Financial Highlights
Revenues By
Calendar Year
Net Earnings
By Calendar Year