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Pro Forma Pro Forma

Rent-Way Rentavision Adjustments (1)


Total revenue 371,661 57,537 429,198
Cost and operating expense:
Operating expense 320,594 50,998 375 (3) 371,967
cost of business combinations 16,800 - 16,800
name change expense 86 - 86
amortization of intangibles 7,249 - 2,108 (2) 9,357
total costs and operating
expense 344,729 50,998 2,483 398,210
operating income/(loss) 26,932 6,539 (2,483) 30,988
other income (expense): -
interest expense (11,791) (1,579) (4,134) (4) (5) (17,504)
interest income 29 - - 29
other expense, net (337) 149 - (188)
income before income tax and
extraordinary item 14,833 5,109 (6,617) 13,325
income tax expense 9,126 59 (2,647) (6) 6,538
income before extraordinary
item 5,707 5,050 (3,970) 6,787
extraordinary item (519) - - (519)
net income 5,188 5,050 (3,970) 6,268
earnings per common share 21,222 203 (7) 21,425
diluted earnings per share $ 0.24 $ 0.28
earnings per share before
extraordinary item
diluted earnings per share $ 0.27 $ 0.30
Pro Forma
Rent-Way Rentavision Adjustments Pro Forma (1)
Total revenue 436,031 65,294 501,325
expense:
Operating expense 397,274 60,754 500 (3) 458,528
combinations 11,210 - 11,210
name change expense 1,770 - 1,770
amortization of intangibles 11,248 - 2,810 (2) 14,058
total costs and operating
expense 421,502 60,754 3,310 485,566
operating income/(loss) 14,529 4,540 (3,310) 15,759
other income (expense): -
interest expense (11,307) (1,673) (5,512) (4) (5) (18,492)
interest income 251 - - 251
other expense, net (540) 19 - (521)
income before income tax
and extraordinary item 2,933 2,886 (8,822) (3,003)
income tax expense 4,771 1,126 (3,529) (6) 2,368
income before extraordinary
item (1,838) 1,760 (5,293) (5,371)
extraordinary item (519) - - (519)
net income (1,838) 1,760 (5,293) (5,371)
earnings per common share 20,283 271 (7) 20,554
diluted earnings per share $ 0.90 $ 0.26
earnings per share before
extraordinary item
diluted earnings per share $ 0.90 $ 0.26
2. To recognize amortization of goodwill on a straight-line bases of thity years
Nine months ended June 30, 1999 2,108
Year ended September 30, 1998 2,810

3. For amortization of non-compete agreements and customer lists with a 5 and 2 yr life
respectively
Nine months ended June 30, 1999 375
Year ended September 30, 1998 500

4. To record interest expense on borrowings for acquisitions offset by elimination of debt and
interest expense for Rentavision
Nine months ended June 30, 1999 (3,952)
Year ended September 30, 1998 (5,269)

5. To record deferred financing expense associated with Rent-Way's amendment to its credit
facility
Nine months ended June 30, 1999 2,108
Year ended September 30, 1998 2,810

6. to record income tax expense on pro forma adjustments based on effective tax rate for the
combined entity of 40%
Nine months ended June 30, 1999 (2,647)
Year ended September 30, 1998 (3,529)

7. To reflect shares of common stock issued for acquisiton of Rentavision


Nine months ended June 30, 1999 203
Year ended September 30, 1998 271
31-Dec-98 31-Dec-97
Cash 774,823 184,945
Prepaid Expenses & other assets 272,454 195,974
Rental Merchandis 46,080,580 32,280,236
Accum. Deprc (14,526,432) (10,451,597)
PP&E (net) 7,516,443 5,262,706
Deposits 84,542 66,592
Total Assets 40,202,410 27,538,856

Liabilities & Stockholder's Equity


Liabilities:
Line of Credit 22,163,235 11,346,820
Accounts Payable 1,400,248 2,423,134
Accrued Expenses 902,425 1,034,107
Sales Tax payable 257,234 212,263
Term notes payable 3,989,955 3,151,490
Total Liabilities 28,713,097 18,167,814

Stockholder's Equity
Common Stock 52,226 52,226
Retained Earnings 11,511,699 9,393,427
Less: Treasury Stock (74,611) (74,611)
Total SE 11,489,314 9,371,042
Total liabilities & SE 40,202,411 27,538,856
June 30 1999 Rentway Rentavision Combo (Pro Forma)
OI/Sales 7.25% 11.36% 7.22%
NI/Sales 1.40% 8.26% 4.99%
Debt/Assets (Liabilities/Assets) 0.4748 0.7745 0.5991
Debt/Equity 0.9040 2.1563 1.2407
Combo (Pro Forma) adjusted
7.35%
5.12%
0.5991
1.2407

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