Aarons 2003 Annual Report Download - page 25

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23
Consolidated Balance Sheets
December 31, December 31,
(In Thousands, Except Share Data) 2003 2002
ASSETS
Cash $95 $96
Accounts Receivable (net of allowances of $1,718
in 2003 and $1,195 in 2002) 30,878 26,973
Rental Merchandise 518,741 470,225
Less: Accumulated Depreciation (175,728) (152,938)
343,013 317,287
Property, Plant & Equipment, Net 99,584 87,094
Goodwill and Other Intangibles, Net 55,485 25,985
Prepaid Expenses & Other Assets 26,237 26,213
Total Assets $555,292 $483,648
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable & Accrued Expenses $ 83,854 $ 64,131
Dividends Payable 655 434
Deferred Income Taxes Payable 55,290 50,517
Customer Deposits & Advance Payments 15,737 14,756
Credit Facilities 79,570 73,265
Total Liabilities 235,106 203,103
Commitments & Contingencies
Shareholders’ Equity
Common Stock, Par Value $.50 Per Share;
Authorized: 50,000,000 Shares;
Shares Issued: 29,993,475 and 29,993,980
at December 31, 2003 and 2002, respectively 14,997 14,997
Class A Common Stock, Par Value $.50 Per Share;
Authorized: 25,000,000 Shares;
Shares Issued: 8,042,602 and 8,042,641
at December 31, 2003 and 2002, respectively 4,021 4,021
Additional Paid-In Capital 88,305 87,502
Retained Earnings 252,924 217,589
Accumulated Other Comprehensive Loss (1,868)
360,247 322,241
Less: Treasury Shares at Cost,
Common Stock, 2,815,750 and 3,018,705 Shares at
December 31, 2003 and 2002, respectively (24,157) (25,792)
Class A Common Stock, 2,445,082 Shares at
December 31, 2003 and 2002, respectively (15,904) (15,904)
Total Shareholders’ Equity 320,186 280,545
Total Liabilities & Shareholders’ Equity $555,292 $483,648
The accompanying notes are an integral part of the Consolidated Financial Statements.