Aarons 2005 Annual Report Download - page 17

Download and view the complete annual report

Please find page 17 of the 2005 Aarons annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 48

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48

15
Selected Financial Information
Year Ended Year Ended Year Ended Year Ended Year Ended
(Dollar Amounts in Thousands, December 31, December 31, December 31, December 31, December 31,
Except Per Share) 2005 2004 2003 2002 2001
OPERATING RESULTS
Revenues:
Rentals and Fees $ 845,162 $694,293 $553,773 $459,179 $403,385
Retail Sales 58,366 56,259 68,786 72,698 60,481
Non-Retail Sales 185,622 160,774 120,355 88,969 66,212
Franchise Royalties and Fees 29,474 25,093 19,328 16,595 13,620
Other 6,881 10,061 4,555 3,247 2,983
1,125,505 946,480 766,797 640,688 546,681
Costs and Expenses:
Retail Cost of Sales 39,054 39,380 50,913 53,856 43,987
Non-Retail Cost of Sales 172,807 149,207 111,714 82,407 61,999
Operating Expenses 507,158 414,518 344,884 293,346 276,682
Depreciation of Rental Merchandise 305,630 253,456 195,661 162,660 137,900
Interest 8,519 5,413 5,782 4,767 6,258
1,033,168 861,974 708,954 597,036 526,826
Earnings Before Income Taxes 92,337 84,506 57,843 43,652 19,855
Income Taxes 34,344 31,890 21,417 16,212 7,519
Net Earnings $ 57,993 $ 52,616 $ 36,426 $ 27,440 $ 12,336
Earnings Per Share $ 1.16 $ 1.06 $ .74 $ .58 $ .28
Earnings Per Share Assuming Dilution 1.14 1.04 .73 .57 .27
Dividends Per Share:
Common $ .054 $ .039 $ .022 $ .018 $ .018
Class A .054 .039 .022 .018 .018
FINANCIAL POSITION
Rental Merchandise, Net $ 550,932 $425,567 $343,013 $317,287 $258,932
Property, Plant and Equipment, Net 133,759 111,118 99,584 87,094 77,282
Total Assets 858,515 700,288 559,884 487,468 403,881
Interest-Bearing Debt 211,873 116,655 79,570 73,265 77,713
Shareholders’ Equity 434,471 375,178 320,186 280,545 219,967
AT YEAR END
Stores Open:
Company-Operated 806 674 560 482 439
Franchised 392 357 287 232 209
Rental Agreements in Effect 723,000 582,000 464,800 369,000 314,600
Number of Employees 7,600 6,400 5,400 4,800 4,200
The Company adopted Statement of Financial Accounting Standards No. 142, Goodwill and Other Intangible Assets,on January1, 2002. If the
Company had applied the non-amortization provisions of Statement 142 for all periods presented, net earnings and diluted net earnings per share
would have increased by $688,000 ($.013 per share) for the year ended December 31, 2001.