Aarons 2008 Annual Report Download - page 26

Download and view the complete annual report

Please find page 26 of the 2008 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

Consolidated Balance Sheets
December 31, December 31,
(In Thousands, Except Share Data) 2008 2007
Assets:
Cash $ 7,376 $ 4,790
Accounts Receivable (net of allowances of $4,040
in 2008 and $3,848 in 2007) 59,513 46,294
Rental Merchandise 1,074,831 902,179
Less: Accumulated Depreciation (393,745) (343,857)
681,086 558,322
Property, Plant and Equipment, Net 224,431 243,447
Goodwill, Net 185,965 141,894
Other Intangibles, Net 7,496 4,814
Prepaid Expenses and Other Assets 67,403 36,239
Assets of Discontinued Operations — 77,376
Total Assets $1,233,270 $1,113,176
Liabilities & Shareholders’ Equity:
Accounts Payable and Accrued Expenses $ 173,926 $ 136,088
Dividends Payable 910 869
Deferred Income Taxes Payable 148,638 82,293
Customer Deposits and Advance Payments 33,435 28,590
Credit Facilities 114,817 185,832
Liabilities of Discontinued Operations — 6,124
Total Liabilities 471,726 439,796
Commitments & Contingencies
Shareholders’ Equity:
Common฀Stock,฀Par฀Value฀$.50฀Per฀Share;฀
Authorized:฀100,000,000฀Shares;฀
Shares Issued: 48,439,602 at December 31,
2008 and 2007 24,220 24,220
Class฀A฀Common฀Stock,฀Par฀Value฀$.50฀Per฀Share;฀
Authorized:฀25,000,000฀Shares;฀Shares฀Issued:฀
12,063,856 at December 31, 2008 and 2007 6,032 6,032
Additional Paid-in Capital 194,317 188,575
Retained Earnings 585,827 499,109
Accumulated Other Comprehensive Loss (1,447) (82)
808,949 717,854
Less: Treasury Shares at Cost,
Common Stock, 3,104,146 and 3,147,360 Shares
at December 31, 2008 and 2007, respectively (29,877) (26,946)
Class A Common Stock, 3,748,860 Shares
at December 31, 2008 and 2007, respectively (17,528) (17,528)
Total Shareholders’ Equity 761,544 673,380
Total Liabilities & Shareholders’ Equity $1,233,270 $1,113,176
The accompanying notes are an integral part of the Consolidated Financial Statements.
24