AARON'S INC (AAN) [Rocket]

In millions, except per share items	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Progressive Leasing	2,128.1	1,999.0	1,566.4		1,049.7
DAMI	35.0	37.3	34.9		2.8
Other	1.3	1.8	2.6				22.2	19.7
HomeSmart						64.4	62.8	55.2
Other	1,783.2	1,790.8	1,779.8		2,127.2	2,630.6	2,149.6	2,137.9
Total revenues [+]	3,947.7	3,828.9	3,383.7	3,207.7	3,179.8	2,695.0	2,234.6	2,212.8
Franchise					63.5	65.9	68.6	66.7
Net interest income					2.8
Other					6.2	5.8	5.2	5.4
Revenue growth [+]	3.1%	13.2%	5.5%	0.9%	18.0%	20.6%	1.0%	9.9%
Progressive Leasing	6.5%	27.6%
DAMI	-6.1%	6.9%
Other	-31.3%	-28.1%					12.5%	255.4%
HomeSmart						2.5%	13.8%	253.5%
Unit growth			23.0%	63.8%	7.6%	804.4%	3.5%	7.5%
Cost of goods sold [+]	1,972.4	1,727.9	1,448.6	1,304.3	1,585.5	1,287.2	990.0	1,010.5
Other cost of sales					372.8	354.6	361.9	409.0
Depreciation					1,212.6	932.6	628.1	601.6
Gross profit	1,975.3	2,101.0	1,935.1	1,903.4	1,594.3	1,407.8	1,244.6	1,202.3
Gross margin	50.0%	54.9%	57.2%	59.3%	50.1%	52.2%	55.7%	54.3%
Selling, general and administrative	1,524.8	1,618.4	1,404.0	1,351.8	1,357.0	1,268.0	1,057.6	925.3
Other operating expenses	125.3	191.9	258.4	288.7	1.3	-14.6	-28.4	35.5
EBITDA [+]	430.2	384.9	355.3	345.3	316.1	240.0	272.5	298.3
EBITDA growth	11.8%	8.3%	2.9%	9.2%	31.7%	-11.9%	-8.7%	24.3%
EBITDA margin	10.9%	10.1%	10.5%	10.8%	9.9%	8.9%	12.2%	13.5%
Depreciation	69.5	61.2	54.9	53.6	52.0	53.7	53.3	53.1
EBITA	360.7	323.7	300.4	291.7	264.1	186.3	219.2	245.2
EBITA margin	9.1%	8.5%	8.9%	9.1%	8.3%	6.9%	9.8%	11.1%
Amortization of intangibles	35.6	33.0	27.7	28.8	28.2	31.9	3.7	3.7
EBIT [+]	325.1	290.7	272.7	262.9	235.9	154.4	215.5	241.5
EBIT growth	11.8%	6.6%	3.7%	11.4%	52.8%	-28.3%	-10.8%	29.1%
EBIT margin	8.2%	7.6%	8.1%	8.2%	7.4%	5.7%	9.6%	10.9%
Non-recurring items [+]	219.3	1.1	18.0	20.2		14.6	28.4	-35.5
Legal settlement	179.3					-1.2	28.4	-35.5
Interest expense, net [+]	15.2	16.0	18.7	20.7	21.2	16.3	2.6	2.9
Interest expense	17.0	16.4	20.5	23.4	23.3	19.2	5.6	6.4
Interest income	1.8	0.5	1.8	2.7	2.2	2.9	3.0	3.5
Other income (expense), net [+]	2.1	-21.4	3.6	-3.6	-1.7	-1.8	0.5	2.7
Other	2.1	-1.3	3.6	-3.6	-1.7	-1.8	0.5	2.7
Pre-tax income	92.8	252.2	239.6	218.4	213.1	121.7	185.0	276.9
Income taxes	61.3	56.0	-53.0	79.1	77.4	43.5	64.3	103.8
Tax rate	66.1%	22.2%		36.2%	36.3%	35.7%	34.8%	37.5%
Net income	31.5	196.2	292.5	139.3	135.7	78.2	120.7	173.0
Net margin	0.8%	5.1%	8.6%	4.3%	4.3%	2.9%	5.4%	7.8%

Basic EPS [+]	$0.47	$2.84	$4.13	$1.93	$1.87	$1.08	$1.59	$2.28
Growth	-83.5%	-31.3%	114.5%	2.9%	73.0%	-32.2%	-30.2%	56.7%
Diluted EPS [+]	$0.46	$2.78	$4.06	$1.91	$1.86	$1.08	$1.58	$2.25
Growth	-83.5%	-31.5%	112.6%	2.7%	72.7%	-31.9%	-29.9%	57.1%

Dividends per share [+]	$0.14	$0.09	$0.11	$0.10	$0.09	$0.11	$0.05	$0.08
Growth	55.2%	-19.7%	9.6%	9.1%	-13.0%	111.3%	-33.6%	47.8%

Shares outstanding (basic) [+]	67.3	69.1	70.8	72.4	72.6	72.4	75.7	75.8
Growth	-2.6%	-2.4%	-2.1%	-0.3%	0.3%	-4.4%	-0.1%	-2.9%
Shares outstanding (diluted) [+]	68.6	70.6	72.1	73.0	73.0	72.7	76.4	76.8
Growth	-2.8%	-2.1%	-1.2%	0.0%	0.4%	-4.8%	-0.6%	-3.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.