Aarons 2015 Annual Report Download - page 29

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
The following table sets forth certain selected consolidated financial data of Aaron’s, Inc., which have been derived from its Consolidated Financial
Statements for each of the five years in the period ended December 31, 2015. Certain reclassifications have been made to the prior periods to conform to the
current period presentation. This historical information may not be indicative of the Company’s future performance. The information set forth below should
be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the Consolidated Financial
Statements and the notes thereto.

















Revenues:
Lease Revenues and Fees $ 2,684,184
$ 2,221,574
$ 1,748,699
$ 1,676,391
$ 1,516,508
Retail Sales 32,872
38,360
40,876
38,455
38,557
Non-Retail Sales 390,137
363,355
371,292
425,915
388,960
Franchise Royalties and Fees 63,507
65,902
68,575
66,655
63,255
Interest and Fees on Loans Receivable 2,845
—
—
—
—
Other 6,211
5,842
5,189
5,411
5,298
3,179,756
2,695,033
2,234,631
2,212,827
2,012,578
Costs and Expenses:
Depreciation of Lease Merchandise 1,212,644
932,634
628,089
601,552
547,839
Retail Cost of Sales 21,040
24,541
24,318
21,608
22,619
Non-Retail Cost of Sales 351,777
330,057
337,581
387,362
351,887
Operating Expenses 1,357,030
1,231,801
1,022,684
952,617
866,600
Financial Advisory and Legal Costs —
13,661
—
—
—
Restructuring Expenses —
9,140
—
—
—
Retirement and Vacation Charges —
9,094
4,917
10,394
3,532
Progressive-Related Transaction Costs —
6,638
—
—
—
Legal and Regulatory (Income) Expense —
(1,200)
28,400
(35,500)
36,500
Other Operating Expense (Income), Net 1,324
(1,176)
1,584
(2,235)
(3,550)
2,943,815
2,555,190
2,047,573
1,935,798
1,825,427
Operating Profit 235,941
139,843
187,058
277,029
187,151
Interest Income 2,185
2,921
2,998
3,541
1,718
Interest Expense (23,339)
(19,215)
(5,613)
(6,392)
(4,709)
Other Non-Operating (Expense) Income, Net (1,667)
(1,845)
517
2,677
(783)
Earnings Before Income Taxes 213,120
121,704
184,960
276,855
183,377
Income Taxes 77,411
43,471
64,294
103,812
69,610
Net Earnings $ 135,709 $ 78,233 $ 120,666 $ 173,043 $ 113,767
Earnings Per Share $ 1.87
$ 1.08
$ 1.59
$ 2.28
$ 1.46
Earnings Per Share Assuming Dilution 1.86
1.08
1.58
2.25
1.43
Dividends Per Share .094
.086
.072
.062
.054


Lease Merchandise, Net $ 1,138,938
$ 1,087,032
$ 869,725
$ 964,067
$ 862,276
Property, Plant and Equipment, Net 225,836
219,417
231,293
230,598
226,619
Total Assets 2,658,875
2,456,844
1,827,176
1,812,929
1,731,899
Debt 610,450
606,082
142,704
141,528
153,789
Shareholders’ Equity 1,366,618
1,223,521
1,139,963
1,136,126
976,554

Stores Open:
Company-operated 1,305
1,326
1,370
1,324
1,232
Franchised 734
782
781
749
713
Lease Agreements in Effect 1,628,000
1,665,000
1,751,000
1,724,000
1,508,000
Number of Employees 12,700
12,400
12,600
11,900
11,200
Progressive Active Doors113,248
12,307
—
—
—
1 Progressive was acquired on April 14, 2014. Active doors represent retail store locations at which at least one virtual lease-to-own transaction has been completed during the trailing
three month period.
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