Aaron Rents, Inc. and Subsidiaries
Consolidated Statements of Earnings
(In thousands, except per share amounts)
(Unaudited)
Three months ended | ||||||||||||
March 31, | June 30, | Sept 30, | ||||||||||
2008 | 2008 | 2008 | ||||||||||
Revenues: | ||||||||||||
Rentals and Fees | $ | 299,675 | $ | 294,777 | $ | 291,102 | ||||||
Retail Sales | 12,389 | 9,744 | 10,230 | |||||||||
Non-Retail Sales | 85,417 | 66,072 | 70,691 | |||||||||
Franchise Royalties and Fees | 11,039 | 10,894 | 11,127 | |||||||||
Other | 4,161 | 5,527 | 4,869 | |||||||||
Total | 412,681 | 387,014 | 388,019 | |||||||||
Costs and Expenses: | ||||||||||||
Retail Cost of Sales | 7,428 | 6,145 | 6,266 | |||||||||
Non-Retail Cost of Sales | 77,896 | 60,574 | 64,752 | |||||||||
Operating Expenses | 177,830 | 175,832 | 175,339 | |||||||||
Depreciation of Rental Merchandise | 109,710 | 106,928 | 106,962 | |||||||||
Interest | 2,199 | 2,151 | 2,243 | |||||||||
Total | 375,063 | 351,630 | 355,562 | |||||||||
Earnings from Continuing Operations Before Taxes | 37,618 | 35,384 | 32,457 | |||||||||
Income Taxes | 15,055 | 13,023 | 12,622 | |||||||||
Net Earnings from Continuing Operations | 22,563 | 22,361 | 19,835 | |||||||||
Earnings from Discontinued Operations, Net of Tax | 2,190 | 918 | 1,243 | |||||||||
Net Earnings | $ | 24,753 | $ | 23,279 | $ | 21,078 | ||||||
Earnings Per Share: From Continuing Operations From Discontinued Operations Total | $ | .42 .04 $.46 | $ | .42 .02 $.44 | $ | .37 .03 $.40 | ||||||
Earnings Per Share Assuming Dilution: From Continuing Operations From Discontinued Operations Total | $ | .42 .04 $.46 | $ | .41 .02 $.43 | $ | .37 .02 $.39 | ||||||
Weighted Average Shares Outstanding | 53,492 | 53,262 | 53,356 | |||||||||
Weighted Average Shares Outstanding Assuming Dilution | 54,156 | 54,076 | 54,219 |
Aaron Rents, Inc. and Subsidiaries
Consolidated Statements of Earnings
(In thousands, except per share amounts)
(Unaudited)
Three months ended | ||||||||||||
March 31, | June 30, | Sept 30, | ||||||||||
2007 | 2007 | 2007 | ||||||||||
Revenues: | ||||||||||||
Rentals and Fees | $ | 265,802 | $ | 257,158 | $ | 257,294 | ||||||
Retail Sales | 10,242 | 7,828 | 7,713 | |||||||||
Non-Retail Sales | 70,253 | 56,654 | 58,140 | |||||||||
Franchise Royalties and Fees | 9,914 | 9,602 | 8,881 | |||||||||
Other | 6,559 | 2,549 | 1,688 | |||||||||
Total | 362,770 | 333,791 | 333,716 | |||||||||
Costs and Expenses: | ||||||||||||
Retail Cost of Sales | 6,343 | 4,949 | 4,546 | |||||||||
Non-Retail Cost of Sales | 64,130 | 52,130 | 53,095 | |||||||||
Operating Expenses | 147,672 | 149,376 | 154,453 | |||||||||
Depreciation of Rental Merchandise | 99,327 | 97,065 | 97,218 | |||||||||
Interest | 1,688 | 1,695 | 1,945 | |||||||||
Total | 319,160 | 305,215 | 311,257 | |||||||||
Earnings from Continuing Operations Before Taxes | 43,610 | 28,576 | 22,459 | |||||||||
Income Taxes | 16,437 | 10,833 | 8,304 | |||||||||
Net Earnings from Continuing Operations | 27,173 | 17,743 | 14,155 | |||||||||
Earnings from Discontinued Operations, Net of Tax | 2,034 | 1,914 | 1,764 | |||||||||
Net Earnings | $ | 29,207 | $ | 19,657 | $ | 15,919 | ||||||
Earnings Per Share: From Continuing Operations From Discontinued Operations Total | $ | .50 .04 $.54 | $ | .33 .03 $.36 | $ | .26 .03 $.29 | ||||||
Earnings Per Share Assuming Dilution: From Continuing Operations From Discontinued Operations Total | $ | .49 .04 $.53 | $ | .33 .03 $.36 | $ | .26 .03 $.29 | ||||||
Weighted Average Shares Outstanding | 54,161 | 54,191 | 54,217 | |||||||||
Weighted Average Shares Outstanding Assuming Dilution | 54,992 | 55,065 | 55,049 |