Aarons 2007 Annual Report Download - page 44

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42
Notes to Consolidated Financial Statements
Information on segments and a reconciliation to earnings before income taxes are as follows:
Year Ended Year Ended Year Ended
December 31, December 31, December 31,
(In Thousands) 2007 2006 2005
REVENUES FROM EXTERNAL CUSTOMERS:
Sales and Lease Ownership $1,325,064 $1,167,073 $ 975,026
Corporate Furnishings 120,683 122,965 117,476
Franchise 38,803 33,626 29,781
Other 11,687 5,791 5,411
Manufacturing 73,017 78,458 83,803
Elimination of Intersegment Revenues (73,173) (78,221) (83,509)
Cash to Accrual Adjustments (1,170) (3,100) (2,483)
Total Revenues from External Customers $1,494,911 $1,326,592 $1,125,505
EARNINGS BEFORE INCOME TAXES:
Sales and Lease Ownership $ 90,224 $ 97,611 $ 63,317
Corporate Furnishings 9,410 12,824 10,802
Franchise 28,651 23,949 22,143
Other 4,527 (5,808) (585)
Manufacturing (368) (1,740) 1,280
Earnings Before Income Taxes for Reportable Segments 132,444 126,836 96,957
Elimination of Intersegment Loss (Profit) 497 1,777 (1,103)
Cash to Accrual and Other Adjustments (4,096) (3,903) (3,517)
Total Earnings Before Income Taxes $ 128,845 $ 124,710 $ 92,337
ASSETS:
Sales and Lease Ownership $ 916,536 $ 779,278 $ 669,376
Corporate Furnishings 114,455 111,134 91,536
Franchise 31,754 25,619 26,902
Other 24,419 30,999 46,355
Manufacturing 26,012 32,576 24,346
Total Assets $1,113,176 $ 979,606 $ 858,515
DEPRECIATION AND AMORTIZATION:
Sales and Lease Ownership $ 418,768 $ 370,004 $ 309,022
Corporate Furnishings 23,532 22,229 20,376
Franchise 162 561 924
Other 1,566 1,454 1,373
Manufacturing 846 1,333 1,436
Total Depreciation and Amortization $ 444,874 $ 395,581 $ 333,131
INTEREST EXPENSE:
Sales and Lease Ownership $ 7,386 $ 8,234 $ 7,326
Corporate Furnishings 1,068 1,400 1,382
Franchise — 47 93
Other 21 44 (297)
Manufacturing 4 4 15
Total Interest Expense $ 8,479 $ 9,729 $ 8,519
Revenues from Canadian Operations (included in totals above):
Sales and Lease Ownership $ 3,746 $ — $ —
Assets from Canadian Operations (included in totals above):
Sales and Lease Ownership $ 252 $ 7 $ —