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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES |
CONSOLIDATED BALANCE SHEETS |
(dollars in thousands, except per share data) |
(Unaudited) |
| | | |
| December 31, |
| 2014 | | 2013 | |
Assets | | | | |
Current assets: | | | | |
Cash and cash equivalents | $ | 53,042 | | | $ | 19,748 |
| |
Restricted cash | 60 | | | 8,000 |
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Pawn loans | 252,168 | | | 261,148 |
| |
Consumer loans, net | 44,853 | | | 54,732 |
| |
Merchandise held for disposition, net | 212,849 | | | 208,899 |
| |
Pawn loan fees and service charges receivable | 53,648 | | | 53,438 |
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Income taxes receivable | 8,881 | | | 9,573 |
| |
Prepaid expenses and other assets | 21,317 | | | 24,969 |
| |
Deferred tax assets | — | | | 8,448 |
| |
Note receivable | — | | | 425,413 |
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Investment in equity securities | 131,584 | | | — |
| |
Current assets of discontinued operations | — | | | 390,589 |
| |
Total current assets | 778,402 | | | 1,464,957 |
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Property and equipment, net | 201,054 | | | 221,818 |
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Goodwill | 487,569 | | | 495,214 |
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Intangible assets, net | 45,828 | | | 52,211 |
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Other assets | 9,594 | | | 14,843 |
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Noncurrent assets of discontinued operations | — | | | 256,101 |
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Total assets | $ | 1,522,447 | | | $ | 2,505,144 |
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Liabilities and Equity | | | | |
Current liabilities: | | | | |
Accounts payable and accrued expenses | $ | 74,331 | | | $ | 88,514 |
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Customer deposits | 17,314 | | | 14,803 |
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Current portion of long-term debt | — | | | 22,606 |
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Current deferred tax liabilities | 27,820 | | | — |
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Current liabilities of discontinued operations | — | | | 476,967 |
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Total current liabilities | 119,465 | | | 602,890 |
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Deferred tax liabilities | 72,432 | | | 56,414 |
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Other liabilities | 878 | | | 980 |
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Noncurrent liabilities of discontinued operations | — | | | 45,054 |
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Long-term debt | 196,470 | | | 717,383 |
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Total liabilities | 389,245 | | | 1,422,721 |
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Equity: | | | | |
Cash America International, Inc. equity: | | | | |
Common stock, $0.10 par value per share, 80,000,000 shares authorized, 30,235,164 shares issued and outstanding | 3,024 | | | 3,024 |
| |
Additional paid-in capital | 86,388 | | | 150,833 |
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Retained earnings | 1,030,387 | | | 1,017,981 |
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Accumulated other comprehensive income | 71,959 | | | 4,649 |
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Treasury shares, at cost (1,428,495 shares and 2,224,902 shares as of December 31, 2014 and 2013, respectively) | (58,556 | ) | | (94,064 | ) | |
Total equity | 1,133,202 | | | 1,082,423 |
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Total liabilities and equity | $ | 1,522,447 | | | $ | 2,505,144 |
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