Aarons 2011 Annual Report Download - page 14

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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) 2011 2010 2009 2008 2007
OPERATING RESULTS
Revenues:
Lease Revenues and Fees $1,516,508 $1,402,053 $1,310,709 $1,178,719 $1,045,804
Retail Sales 38,557 40,556 43,394 43,187 34,591
Non-Retail Sales 388,960 362,273 327,999 309,326 261,584
Franchise Royalties and Fees 63,255 59,112 52,941 45,025 38,803
Other 16,769 12,853 17,744 16,351 14,157
2,024,049 1,876,847 1,752,787 1,592,608 1,394,939
Costs and Expenses:
Retail Cost of Sales 22,738 23,013 25,730 26,379 21,201
Non-Retail Cost of Sales 353,745 330,918 299,727 283,358 239,755
Operating Expenses 872,248 824,929 771,634 705,566 617,106
Lawsuit Expense 36,500 — — — —
Depreciation of Lease Merchandise 550,732 504,105 474,958 429,907 391,538
Interest 4,709 3,096 4,299 7,818 7,587
1,840,672 1,686,061 1,576,348 1,453,028 1,277,187
Earnings From Continuing Operations
Before Income Taxes 183,377 190,786 176,439 139,580 117,752
Income Taxes 69,610 72,410 63,561 53,811 44,327
Net Earnings From Continuing Operations 113,767 118,376 112,878 85,769 73,425
(Loss) Earnings From Discontinued Operations,
Net of Tax — — (277) 4,420 6,850
Net Earnings $ 113,767 $ 118,376 $ 112,601 $ 90,189 $ 80,275
Earnings Per Share From Continuing Operations $ 1.46 $ 1.46 $ 1.39 $ 1.07 $ .90
Earnings Per Share From Continuing
Operations Assuming Dilution 1.43 1.44 1.38 1.06 .89
Earnings Per Share From Discontinued Operations .00 .00 .00 .06 .08
(Loss) Earnings Per Share From Discontinued
Operations Assuming Dilution .00 .00 (.01) .05 .08
Dividends Per Share:
Common Stock .054 .049 .046 .043 .041
Former Class A Common Stock — .049 .046 .043 .041
FINANCIAL POSITION
Lease Merchandise, Net $ 862,276 $ 814,484 $ 682,402 $ 681,086 $ 558,322
Property, Plant and Equipment, Net 226,619 204,912 215,183 209,452 228,275
Total Assets 1,735,149 1,502,072 1,321,456 1,233,270 1,113,176
Credit Facilities 153,789 41,790 55,044 114,817 185,832
Shareholders’ Equity 976,554 979,417 887,260 761,544 673,380
AT YEAR END
Stores Open:
Company-Operated 1,232 1,150 1,097 1,053 1,030
Franchised 713 664 597 504 484
Lease Agreements in Effect 1,508,000 1,325,000 1,171,000 1,017,000 820,000
Number of Associates 11,200 10,400 10,000 9,600 9,100
Earnings per share data has been adjusted for the effect of the 3-for-2 partial stock split distributed on April 15, 2010 and effective April 16, 2010.
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