Aarons 2009 Annual Report Download - page 16

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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) 2009 2008 2007 2006 2005
Operating Results
Revenues:
Lease Revenues and Fees $1,310,709 $1,178,719 $1,045,804 $ 915,872 $ 772,894
Retail Sales 43,394 43,187 34,591 40,102 36,758
Non-Retail Sales 327,999 309,326 261,584 224,489 185,622
Franchise Royalties and Fees 52,941 45,025 38,803 33,626 29,781
Other 17,744 16,351 14,157 14,358 7,248
1,752,787 1,592,608 1,394,939 1,228,447 1,032,303
Costs and Expenses:
Retail Cost of Sales 25,730 26,379 21,201 25,207 23,236
Non-Retail Cost of Sales 299,727 283,358 239,755 207,217 172,807
Operating Expenses 771,634 705,566 617,106 525,980 454,548
Depreciation of Lease Merchandise 474,958 429,907 391,538 349,218 292,091
Interest 4,299 7,818 7,587 8,567 7,376
1,576,348 1,453,028 1,277,187 1,116,189 950,058
Earnings From Continuing Operations
Before Income Taxes 176,439 139,580 117,752 112,258 82,245
Income Taxes 63,561 53,811 44,327 41,355 30,530
Net Earnings From Continuing Operations 112,878 85,769 73,425 70,903 51,715
(Loss) Earnings From Discontinued Operations,
Net of Tax (277) 4,420 6,850 7,732 6,278
Net Earnings $ 112,601 $ 90,189 $ 80,275 $ 78,635 $ 57,993
Earnings Per Share From Continuing Operations $ 2.09 $ 1.61 $ 1.35 $ 1.35 $ 1.03
Earnings Per Share From Continuing Operations
Assuming Dilution 2.07 1.58 1.33 1.33 1.02
(Loss) Earnings Per Share From Discontinued Operations (.01) .08 .13 .15 .13
(Loss) Earnings Per Share From Discontinued Operations
Assuming Dilution (.01) .08 .13 .14 .12
Dividends Per Share:
Common Stock .069 .065 .061 .057 .054
Class A Common Stock .069 .065 .061 .057 .054
Financial Position
Lease Merchandise, Net $ 682,402 $ 681,086 $ 558,322 $ 550,205 $ 486,797
Property, Plant and Equipment, Net 227,616 224,431 243,447 167,323 131,612
Total Assets 1,321,456 1,233,270 1,113,176 979,606 858,515
Debt 55,044 114,817 185,832 129,974 211,873
Shareholders’ Equity 887,260 761,544 673,380 607,015 434,471
At Year End
Stores Open:
Company-Operated 1,097 1,053 1,030 857 760
Franchised 597 504 484 441 392
Lease Agreements in Effect 1,171,000 1,017,000 820,000 734,000 655,000
Number of Employees 10,000 9,600 9,100 7,900 7,100
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