Aarons 2014 Annual Report Download - page 57

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47
AARON’S, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31,
2014
December 31,
2013
(In Thousands, Except Share Data)
ASSETS:
Cash and Cash Equivalents $ 3,549 $ 231,091
Investments 21,311 112,391
Accounts Receivable (net of allowances of $27,401 in 2014 and $7,172 in 2013) 107,383 68,684
Lease Merchandise (net of accumulated depreciation of $701,822 in 2014 and $594,436 in 2013) 1,087,032 869,725
Property, Plant and Equipment, Net 219,417 231,293
Goodwill 530,670 239,181
Other Intangibles, Net 297,471 3,535
Income Tax Receivable 124,095 6,201
Prepaid Expenses and Other Assets 59,560 49,235
Assets Held for Sale 6,356 15,840
Total Assets $ 2,456,844 $ 1,827,176
LIABILITIES & SHAREHOLDERS’ EQUITY:
Accounts Payable and Accrued Expenses $ 270,421 $ 243,910
Accrued Regulatory Expense 27,200 28,400
Deferred Income Taxes Payable 268,551 226,958
Customer Deposits and Advance Payments 61,069 45,241
Debt 606,082 142,704
Total Liabilities 1,233,323 687,213
Commitments and Contingencies (Note 8) — —
Shareholders’ Equity:
Common Stock: Par Value $.50 Per Share; Authorized: 225,000,000; Shares Issued:
90,752,123 at December 31, 2014 and December 31, 2013, respectively 45,376 45,376
Additional Paid-in Capital 227,290 198,182
Retained Earnings 1,274,233 1,202,219
Accumulated Other Comprehensive Loss (90) (64)
1,546,809 1,445,713
Less: Treasury Shares at Cost
Common Stock: 18,263,589 Shares at December 31, 2014 and 17,795,293
Shares at December 31, 2013 (323,288) (305,750)
Total Shareholders’ Equity 1,223,521 1,139,963
Total Liabilities & Shareholders’ Equity $ 2,456,844 $ 1,827,176
The accompanying notes are an integral part of the Consolidated Financial Statements.