Aaron’s, inc. (AAN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
OPERATING ACTIVITIES:
OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

-280,005

-107,057

39,801

42,650

56,078

61,743

43,720

38,501

52,246

177,560

25,341

36,335

53,300

21,631

29,464

38,501

49,687

21,726

24,194

40,546

49,243

22,094

9,295

8,505

38,339

22,674

21,138

25,854

51,000

36,632

28,941

36,244

71,226

30,534

28,045

10,799

44,389

30,787

26,179

24,435

36,975

Adjustments to Reconcile Net (Loss) Earnings to Cash Provided by Operating Activities:
Depreciation of Lease Merchandise

597,407

507,471

489,199

474,868

500,820

437,889

434,593

415,414

440,008

375,659

365,576

345,398

361,998

316,897

317,127

321,969

348,302

300,267

302,029

294,362

315,986

271,188

260,819

232,715

167,912

152,189

154,495

153,898

167,507

144,202

150,783

148,406

158,161

132,434

136,727

134,585

144,093

124,525

122,692

124,808

132,080

Other Depreciation and Amortization

25,267

25,642

25,557

27,300

26,562

25,420

24,139

22,476

22,115

21,298

20,972

19,662

20,640

20,786

20,636

20,213

20,743

20,544

19,903

19,812

19,944

22,513

25,067

23,959

14,061

14,447

14,218

14,339

14,012

13,909

16,524

12,900

13,450

14,427

12,231

11,606

14,568

11,416

11,775

10,707

11,529

Accounts Receivable Provision

85,082

94,355

90,997

74,376

63,235

79,325

75,686

61,619

51,458

61,247

60,036

45,971

36,135

48,243

44,712

40,454

34,514

45,213

50,104

37,863

29,931

37,114

33,412

24,199

4,558

10,209

9,982

10,966

4,737

8,356

10,102

9,321

4,063

7,063

6,679

8,004

3,656

-

-

-

-

Provision for Credit Losses on Loans Receivable

12,722

6,376

6,068

4,968

4,255

5,052

6,471

5,048

4,492

5,833

6,010

5,387

3,743

3,790

3,250

2,413

1,798

937

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-Based Compensation

5,619

6,287

6,030

6,682

7,549

6,389

6,650

6,624

8,519

7,514

8,181

6,431

5,274

5,978

5,046

4,917

5,529

3,471

3,967

3,709

3,016

2,107

6,444

1,520

792

49

1,356

-665

1,602

1,178

3,045

1,210

1,021

4,580

1,370

1,358

1,077

1,130

1,233

1,226

1,170

Loss (Gain) on Sale of Property, Plant, and Equipment and Assets Held for Sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-473

-144

-145

-648

-235

-139

-150

-3,506

676

231

158

Gain on Asset Dispositions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

306

1,742

516

481

-

-

-

-

Deferred Income Taxes

90,268

-21,220

-8,819

-9,067

-10,861

-18,193

9,518

-16,483

-23,201

42,231

886

8,042

8,042

1,362

24,278

11,138

-1,616

-145,092

35,374

38,348

32,400

-84,219

27,940

36,299

27,137

17,079

10,473

6,824

2,387

-14,929

19,941

15,782

2,447

-13,400

-14,886

-8,217

-22,946

-41,196

-44,861

11,439

10,775

Impairment of Goodwill and Other Assets

466,030

1,313

2,764

15,775

10,492

0

0

20,098

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-Cash Lease Expense

26,895

28,567

28,294

28,518

29,555

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess Tax Benefits From Stock-Based Compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,245

227

1,294

564

7

394

299

-1

93

29

200

Other Changes, Net

-839

13,309

-6,813

4,273

-883

573

549

62

1,014

6,215

-4,078

2,171

1,624

-1,274

-1,615

-1,176

6,816

632

1,010

1,860

965

-203

-977

-1,584

550

-211

1,161

-1,295

-3,651

-3,118

2,826

-1,475

566

886

2,092

-686

-599

-449

-790

1,420

-451

Changes in Operating Assets and Liabilities, Net of Effects of Acquisitions and Dispositions:
Additions to Lease Merchandise

556,807

761,370

581,522

561,774

580,089

651,462

548,346

520,783

514,055

587,577

482,742

455,763

449,930

480,420

344,876

342,386

447,382

541,038

432,821

396,350

405,270

458,849

365,786

364,490

276,376

254,895

185,070

255,347

268,760

337,098

255,573

293,647

276,385

318,897

232,953

211,003

261,749

338,243

194,911

200,365

300,955

Book Value of Lease Merchandise Sold or Disposed

114,762

103,056

102,685

97,962

98,257

108,889

90,013

101,049

98,797

108,841

104,032

100,917

101,817

121,946

100,971

96,094

114,453

156,417

117,490

112,207

124,543

138,920

109,670

103,906

104,217

124,377

99,241

97,817

104,238

137,646

101,846

104,272

126,133

128,369

103,664

92,357

109,043

114,927

92,106

87,219

106,052

Accounts Receivable

68,420

106,264

99,260

75,645

50,467

89,376

84,127

63,794

33,591

68,577

69,289

37,051

34,030

57,139

47,212

39,075

6,400

73,310

42,993

33,844

23,012

54,642

43,745

17,706

-5,824

19,268

11,150

2,245

-2,244

14,940

8,153

-10,008

5,443

23,271

15,730

4,601

-391

32,094

7,604

-11,189

-954

Prepaid Expenses and Other Assets

-9,347

6,218

12,795

8,397

-1,550

-12,588

-1,280

1,943

6,022

-19,246

2,917

10,819

2,799

31,844

3,809

5,108

-41,990

34,788

-37

7,433

-6,535

1,678

-1,096

4,394

356

-2,196

-3,507

10,672

-3,620

-5,405

5,341

4,218

5,109

-5,265

2,913

3,936

2,733

-1,094

715

3,295

1,404

Income Tax Receivable

44,137

2,759

4,010

-1,480

-15,747

-576

-16,057

13,972

-68,214

77,543

9,845

3,963

-3,212

-1,721

-779

-15,650

-149,140

165,449

1,307

4,893

-117,298

110,893

3,815

5,385

-2,199

-3,737

-3,421

7,608

-23,138

24,994

0

0

-2,615

-2,385

48

4,953

-82,378

25,417

50,802

2,823

3,336

Operating Lease Liabilities

-25,579

-

-

-

-31,643

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts Payable and Accrued Expenses

-43,584

14,421

27,227

-19,611

-1,854

-28,365

44,163

-14,567

-21,598

-24,227

38,431

-29,405

12,465

32,475

28,227

-10,693

-99,195

68,836

-3,406

-21,039

24,827

-2,085

11,335

-47,774

25,736

18,939

15,831

-18,966

1,089

-24,593

28,983

-57,014

47,989

14,030

40,690

-25,320

-10,515

36,518

10,422

-42,450

28,856

Accrued Regulatory Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-4,737

-6,543

-6,220

-6,280

-3,420

0

-1,200

0

0

-

-

-

-

0

0

0

-41,720

-

-

-

-

-

-

-

-

Customer Deposits and Advance Payments

-7,410

12,745

-1,754

-3,147

2,947

7,215

-4,017

-1,987

3,806

-

-

-

2,020

1,473

4,652

-3,155

-7,591

13,499

-630

-4,074

-1,287

9,488

268

-581

-3,536

6,174

-567

-2,817

-3,407

6,358

-6,708

-1,020

2,821

3,867

5,401

-1,762

-3,148

7,277

800

-1,334

-4,728

Cash Provided by Operating Activities

227,760

-33,575

106,121

79,901

164,738

-6,497

96,215

70,204

196,576

-21,138

64,665

11,429

104,179

5,449

136,304

129,832

195,651

-45,758

-6,037

-5,622

224,969

-40,301

15,897

-80,241

55,683

63,960

128,168

14,025

102,284

-26,886

39,908

-47,928

94,660

11,621

94,443

56,766

144,365

-53

56,233

-3,746

-3,173

INVESTING ACTIVITIES:
Purchase of Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,508

28,029

16,675

14,633

17,822

1,714

48,606

22,858

-

-

-

-

-

-

-

-

Investments in Loans Receivable

21,997

21,002

19,805

15,013

14,493

15,603

17,514

17,199

14,598

19,909

20,903

18,982

18,157

18,150

18,247

17,794

18,706

11,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Loans Receivable

14,956

12,747

12,703

13,238

14,482

13,312

13,866

15,015

15,135

14,279

14,309

14,637

16,416

14,170

15,333

16,601

18,635

15,211

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Investments

-

-

-

-

-

2,400

0

0

666

2,658

0

0

0

-

-

-

-

-

-

-

-

0

70,179

13,995

5,819

10,021

15,679

15,010

7,220

31,500

58,618

9,500

2,500

-

-

-

-

-

-

-

-

Outflows on Purchases of Property, Plant and Equipment

23,587

25,914

18,990

24,252

23,807

25,918

20,142

15,531

17,254

15,868

15,283

14,310

12,512

11,533

14,965

16,867

14,088

23,139

15,597

12,063

9,758

10,344

12,562

9,200

15,459

15,153

13,138

12,581

17,273

19,793

17,494

12,428

15,358

22,260

19,013

21,163

15,775

23,622

20,624

27,174

16,216

Proceeds from Property, Plant and Equipment

906

11,285

1,380

914

511

3,703

1,139

1,618

2,731

2,556

2,893

3,176

4,080

-90

1,026

3,375

15,082

1,574

3,222

1,692

1,027

2,675

461

1,495

1,401

1,439

1,253

1,460

2,689

3,264

1,535

716

1,275

3,769

2,091

2,868

2,753

14,054

685

11,777

26,883

Outflows on Acquisitions of Businesses and Customer Agreements, Net of Cash Acquired

855

1,427

5,261

4,142

3,470

48,821

126,678

9,627

4,774

3,322

141,338

360

580

91

9,339

332

0

56,454

7,567

5,651

3,623

4,744

23,311

671,494

960

429

8,091

1,083

1,295

3,242

4,427

17,217

5,913

-2,228

32,674

114

1,616

416

4,835

7,340

5,300

Proceeds from Dispositions of Businesses and Customer Agreements, Net of Cash Disposed

0

0

2,058

0

755

140

484

174

144

11

182

877

71

-396

1,327

35,000

-32

0

5,646

8,330

0

752

0

2,478

13,295

12

2,151

0

0

-

-

-

-

-8,332

9,249

3,871

2,494

-

-

-

-

Cash Used in Investing Activities

-30,577

-23,084

-27,915

-29,255

-26,022

-70,788

-148,845

-25,550

-17,950

-19,553

-160,140

-14,962

-10,682

-16,090

-24,865

19,983

891

-74,508

-14,296

-7,692

-12,354

-11,661

34,767

-662,726

4,096

-19,618

-30,175

-13,869

-23,292

-5,260

37,684

-68,035

-40,354

-56,455

-74,858

-47,617

-12,144

-8,141

-19,727

-21,602

5,367

FINANCING ACTIVITIES:
Borrowings (Repayments) on Revolving Facility, Net

300,000

-

-

-

-16,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Debt

5,625

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Repayments) Borrowings on Revolving Facility, Net

-

-

-

-

-

-9,000

25,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Debt

-

-

-

-

-

-

-

-

-

-12,250

20,875

4,250

2,750

4,000

4,250

6,545

84,133

259,939

1

0

30,150

189,402

131,513

582,708

1,333

2,598

0

-429

429

4,219

9,493

509

2,037

577

126,072

1

2,500

0

0

1

2,428

Repayments on Debt

392

6,214

852

60,890

575

726

684

85,662

10,511

-56,108

54,928

88,147

16,162

2,152

1,943

31,343

173,169

188,675

698

25,810

115,564

140,560

186,939

112,104

2,000

3,525

495

484

450

4,305

21,584

365

2,265

582

13,409

333

2,827

322

12,316

2,133

912

Acquisition of Treasury Stock

-

-

-

-

-

68,731

31,572

50,025

18,407

28,248

0

0

34,302

1

34,524

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

88,686

29,349

9,158

18,986

8,092

0

968

Dividends Paid

2,668

2,351

2,369

2,351

2,366

2,057

2,075

0

2,111

2,114

1,945

1,946

1,957

1,966

1,818

1,820

1,816

1,814

3,340

0

1,668

1,668

3,034

0

3,121

0

2,586

1,289

0

2,428

1,142

-1

2,274

936

1,038

1,044

1,055

-2

1,956

-1

976

Excess Tax (Deficiencies) Benefits From Stock-Based Compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66

221

53

0

-66

307

1,151

-336

761

742

214

2,201

2,245

227

1,294

564

7

394

299

-1

93

29

200

Issuance of Stock Under Stock Option Plans

528

2,634

59

3,060

1,996

1,291

2,550

952

3,182

18

457

1,513

1,469

274

28

149

99

54

72

210

702

64

692

1,185

2,447

3,768

2,906

2,012

1,238

6,349

4,023

604

4,780

2,525

33

1,344

2,215

-544

495

120

1,016

Shares Withheld for Tax Payments

5,877

61

0

0

12,977

65

0

4,939

12,343

186

276

330

5,385

434

185

3,664

-1,826

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt Issuance Costs

1,020

40

0

0

0

480

0

0

55

295

2,835

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Provided by (Used in) Financing Activities

296,196

-35,865

-28,170

-74,595

-29,922

57,732

-6,781

-139,674

-40,245

-34,498

-38,652

-84,660

-53,587

-411

-34,192

-26,481

-92,579

68,296

-3,899

-25,379

-86,327

45,110

-57,834

469,858

-190

-122,495

586

552

1,431

6,036

-31,560

-8,560

3,572

2,148

22,979

-28,987

-8,026

-19,851

-21,776

-1,982

788

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

-117

18

-17

37

82

-155

74

-67

-8

-27

45

38

19

127

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in Cash and Cash Equivalents

493,262

-92,506

50,019

-23,912

108,876

-19,708

-59,337

-95,087

138,373

-75,216

-134,082

-88,155

39,929

-10,925

77,247

123,334

103,963

-51,970

-24,232

-38,693

126,288

-6,852

-7,170

-273,109

59,589

-78,153

98,579

708

80,423

-26,110

46,032

-124,523

57,878

-42,686

42,564

-19,838

124,195

-28,045

14,730

-27,330

2,982