Aarons 2001 Annual Report Download - page 4

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1
FINANCIAL
HIGHLIGHTS
REVENUES BY
CALENDAR YEAR
NET EARNINGS BY
CALENDAR YEAR
Year Ended Year Ended
(Dollar Amounts in Thousands, December 31, December 31, Percentage
Except Per Share) 2001 2000 Change
OPERATING RESULTS
Revenues $546,681 $502,920 8.7%
Earnings Before Taxes 19,855 43,906 (54.8)
Net Earnings 12,336 27,261 (54.7)
Earnings Per Share 0.62 1.38 (55.1)
Earnings Per Share
Assuming Dilution 0.61 1.37 (55.5)
FINANCIAL POSITION
Total Assets $397,196 $380,379 4.4%
Rental Merchandise, Net 258,932 267,713 (3.3)
Interest-Bearing Debt 77,713 104,769 (25.8)
Shareholders’ Equity 219,967 208,538 5.5
Book Value Per Share 11.01 10.50 4.9
Debt to Capitalization 26.1% 33.4%
Pre-Tax Profit Margin 3.6 8.7
Net Profit Margin 2.3 5.4
Return on Average Equity 5.8 13.9
STORES OPEN
Sales & Lease Ownership 364 263 38.4%
Sales & Lease Ownership Franchised 209 193 8.3
Rent-to-Rent 75 98 (23.5)
Total Stores 648 554 17.0%
’97
’98
’99 ’00 ’01
$600,000
500,000
400,000
300,000
200,000
100,000
0
($ in 000s)
Rent-to-Rent Stores
Company-Operated Sales
& Lease Ownership Stores
’97
’98
’99 ’00 ’01
$30,000
25,000
20,000
15,000
10,000
5,000
0
($ in 000s)