Aarons 2011 Annual Report Download - page 42

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Information on segments and a reconciliation to earnings before income taxes from continuing operations are as follows:
Year Ended Year Ended Year Ended
(In Thousands) December 31, 2011 December 31, 2010 December 31, 2009
REVENUES FROM EXTERNAL CUSTOMERS:
Sales and Lease Ownership $1,938,991 $1,803,778 $1,685,841
Franchise 63,255 59,112 52,941
HomeSmart 15,624 56 —
Manufacturing 89,430 79,115 72,473
Other 9,960 16,458 19,320
Revenues of Reportable Segments 2,117,260 1,958,519 1,830,575
Elimination of Intersegment Revenues (89,953) (80,109) (73,184)
Cash to Accrual Adjustments (3,258) (1,563) (4,604)
Total Revenues from External Customers $2,024,049 $1,876,847 $1,752,787
EARNINGS BEFORE INCOME TAXES:
Sales and Lease Ownership $143,686 $159,417 $147,261
Franchise 49,577 45,935 39,335
HomeSmart (7,283) (318) —
Manufacturing 2,960 3,216 3,329
Other (141) (7,847) (5,676)
Earnings Before Income Taxes for Reportable Segments 188,799 200,403 184,249
Elimination of Intersegment Profit (2,959) (3,218) (3,341)
Cash to Accrual and Other Adjustments (2,463) (6,399) (4,469)
Total Earnings Before Income Taxes From Continuing Operations $183,377 $190,786 $176,439
ASSETS:
Sales and Lease Ownership $1,293,151 $1,248,785 $1,110,675
Franchise 56,131 55,789 51,245
HomeSmart 50,600 955 —
Manufacturing 11,142 14,723 15,512
Other 324,125 181,820 144,024
Total Assets $1,735,149 $1,502,072 $1,321,456
DEPRECIATION AND AMORTIZATION:
Sales and Lease Ownership $588,036 $539,669 $508,218
Franchise 41 41 192
HomeSmart 5,933 21 —
Manufacturing 1,294 2,958 1,888
Other 8,260 6,843 9,073
Total Depreciation and Amortization $603,564 $549,532 $519,371
INTEREST EXPENSE:
Sales and Lease Ownership $4,473 $2,937 $4,030
Franchise — — —
HomeSmart 201 2 —
Manufacturing 142 15 15
Other (107) 142 254
Total Interest Expense $4,709 $3,096 $4,299
CAPITAL EXPENDITURES:
Sales and Lease Ownership $53,502 $73,166 $76,151
HomeSmart 11,349 202 —
Manufacturing 6,521 6,584 1,474
Other 11,752 9,118 6,338
Total Capital Expenditures from Continuing Operations $83,124 $89,070 $83,963
Revenues From Canadian Operations (included in totals above):
Sales and Lease Ownership $3,258 $4,470 $3,781
Assets From Canadian Operations (included in totals above):
Sales and Lease Ownership $1,527 $15,093 $6,469
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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