Aarons 2007 Annual Report Download - page 21

Download and view the complete annual report

Please find page 21 of the 2007 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 52

  • 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
  • 49
  • 50
  • 51
  • 52

19
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) 2007 2006 2005 2004 2003
OPERATING RESULTS
Revenues:
Rentals and Fees $1,126,812 $ 992,791 $ 845,162 $694,293 $553,773
Retail Sales 54,518 62,319 58,366 56,259 68,786
Non-Retail Sales 261,584 224,489 185,622 160,774 120,355
Franchise Royalties and Fees 38,803 33,626 29,781 25,253 19,347
Other 13,194 13,367 6,574 9,901 4,536
1,494,911 1,326,592 1,125,505 946,480 766,797
Costs and Expenses:
Retail Cost of Sales 36,099 41,262 39,054 39,380 50,913
Non-Retail Cost of Sales 239,755 207,217 172,807 149,207 111,714
Operating Expenses 674,412 579,565 507,158 414,518 344,884
Depreciation of Rental Merchandise 407,321 364,109 305,630 253,456 195,661
Interest 8,479 9,729 8,519 5,413 5,782
1,366,066 1,201,882 1,033,168 861,974 708,954
Earnings Before Income Taxes 128,845 124,710 92,337 84,506 57,843
Income Taxes 48,570 46,075 34,344 31,890 21,417
Net Earnings $ 80,275 $ 78,635 $ 57,993 $ 52,616 $ 36,426
Earnings Per Share $ 1.48 $ 1.50 $ 1.16 $ 1.06 $ .74
Earnings Per Share Assuming Dilution 1.46 1.47 1.14 1.04 .73
Dividends Per Share:
Common $ .061 $ .057 $ .054 $ .039 $ .022
Class A .061 .057 .054 .039 .022
FINANCIAL POSITION
Rental Merchandise, Net $ 623,452 $ 612,149 $ 550,932 $425,567 $343,013
Property, Plant and Equipment, Net 247,038 170,294 133,759 111,118 99,584
Total Assets 1,113,176 979,606 858,515 700,288 559,884
Interest-Bearing Debt 185,832 129,974 211,873 116,655 79,570
Shareholders’ Equity 673,380 607,015 434,471 375,178 320,186
AT YEAR END
Stores Open:
Company-Operated 1,076 904 806 674 560
Franchised 484 441 392 357 287
Rental Agreements in Effect 965,000 773,000 697,000 582,000 464,800
Number of Employees 9,600 8,400 7,600 6,400 5,400