Aarons 2002 Annual Report Download - page 22

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20
CONSOLIDATED BALANCE SHEETS
December 31, December 31,
(In Thousands, Except Share Data) 2002 2001
ASSETS
Cash $96 $93
Accounts Receivable 26,973 25,411
Rental Merchandise 470,225 392,532
Less: Accumulated Depreciation (152,938) (133,600)
317,287 258,932
Property, Plant & Equipment, Net 87,094 77,282
Goodwill, Net 25,985 22,096
Prepaid Expenses & Other Assets 26,213 13,382
Total Assets $483,648 $397,196
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable & Accrued Expenses $ 64,131 $ 65,344
Dividends Payable 434 399
Deferred Income Taxes Payable 50,517 20,963
Customer Deposits & Advance Payments 14,756 12,810
Credit Facilities 73,265 77,713
Total Liabilities 203,103 177,229
Commitments & Contingencies
Shareholders’ Equity
Preferred Stock, Par Value $1 Per Share;
Authorized: 1,000,000 Shares; None Issued
Common Stock, Non-Voting, Par Value $.50 Per Share;
Authorized: 25,000,000 Shares;
Shares Issued: 19,995,987 at December 31, 2002
and 18,270,987 at December 31, 2001 9,998 9,135
Class A Common Stock, Voting, Par Value $.50 Per Share;
Authorized: 25,000,000 Shares;
Shares Issued: 5,361,761 2,681 2,681
Additional Paid-In Capital 87,502 53,846
Retained Earnings 223,928 197,321
Accumulated Other Comprehensive Loss (1,868) (1,954)
322,241 261,029
Less: Treasury Shares at Cost,
Common Stock, 2,012,470 Shares at December 31, 2002
and 2,130,421 Shares at December 31, 2001 (25,792) (26,826)
Class A Common Stock, 1,630,055 Shares at December 31, 2002
and 1,532,255 Shares at December 31, 2001 (15,904) (14,236)
Total Shareholders’ Equity 280,545 219,967
Total Liabilities & Shareholders’ Equity $483,648 $397,196
The accompanying notes are an integral part of the Consolidated Financial Statements.