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Financial results

By Furniture Today Staff -- Furniture Today, January 5, 2003

Earnings per share are fully diluted, and all figures in parentheses are losses or declines

Rent-Way
Quarter ended 9/30 2002 2001 Change
(a) Includes non-rental revenues of $27.4 million in the 2002 quarter, $29.9 million in the 2001 quarter, $117.2 million in the 2002 year and $125.6 million in the 2001 year. (b) Revenues minus depreciation and amortization of rental merchandise, and property and equipment, cost of prepaid phone service, salaries and wages, advertising, occupancy and other operating expenses. (c) Includes a $41.5 million extraordinary charge, the cumulative effect of an accounting change and a $3.4 million extraordinary charge.
Revenues (a) $148,808,000 $155,934,000 (4.6%)
Operating income (b) 6,812,000 (9,469,000)
Net income (7,858,000) (25,152,000)
Earnings per share (0.31) (1.03)
Year ended 9/30 2002 2001 Change
Revenues (a) $626,429,000 $654,618,000 (4.3%)
Operating income (b) 34,127,000 6,951,000 391.0%
Net income (c)(76,472,000) (63,625,000)
Earnings per share (3.06) (2.60)
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