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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES |
CONSOLIDATED BALANCE SHEETS |
(dollars in thousands, except per share data) |
(Unaudited) |
| | | | | | | | | | | |
| March 31, 2014 | | | June 30, 2014 | | | September 30, 2014 | | | December 31, 2014 | |
Assets | | | | | | | | | | | |
Current assets: | | | | | | | | | | | |
Cash and cash equivalents | $ | 20,197 |
| | | $ | 113,130 |
| | | $ | 19,291 |
| | | $ | 53,042 |
| |
Restricted cash | 8,000 |
| | | 60 |
| | | 60 |
| | | 60 |
| |
Pawn loans | 218,093 |
| | | 263,668 |
| | | 264,612 |
| | | 252,168 |
| |
Consumer loans, net | 40,843 |
| | | 45,994 |
| | | 44,531 |
| | | 44,853 |
| |
Merchandise held for disposition, net | 192,936 |
| | | 198,919 |
| | | 215,263 |
| | | 212,849 |
| |
Pawn loan fees and service charges receivable | 43,814 |
| | | 51,986 |
| | | 54,501 |
| | | 53,648 |
| |
Income taxes receivable | — |
| | | 9 |
| | | — |
| | | 8,881 |
| |
Prepaid expenses and other assets | 26,967 |
| | | 40,207 |
| | | 34,502 |
| | | 21,317 |
| |
Deferred tax assets | 7,778 |
| | | 8,981 |
| | | 9,562 |
| | | — |
| |
Note receivable | 376,872 |
| | | — |
| | | — |
| | | — |
| |
Investment in equity securities | — |
| | | — |
| | | — |
| | | 131,584 |
| |
Current assets of discontinued operations | 372,117 |
| | | 411,347 |
| | | 447,187 |
| | | — |
| |
Total current assets | 1,307,617 |
| | | 1,134,301 |
| | | 1,089,509 |
| | | 778,402 |
| |
Property and equipment, net | 219,107 |
| | | 217,407 |
| | | 209,784 |
| | | 201,054 |
| |
Goodwill | 495,130 |
| | | 495,672 |
| | | 488,700 |
| | | 487,569 |
| |
Intangible assets, net | 50,569 |
| | | 49,121 |
| | | 47,472 |
| | | 45,828 |
| |
Other assets | 14,378 |
| | | 13,116 |
| | | 10,560 |
| | | 9,594 |
| |
Noncurrent assets of discontinued operations | 255,698 |
| | | 270,720 |
| | | 267,689 |
| | | — |
| |
Total assets | $ | 2,342,499 |
| | | $ | 2,180,337 |
| | | $ | 2,113,714 |
| | | $ | 1,522,447 |
| |
Liabilities and Equity | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | | |
Accounts payable and accrued expenses | $ | 67,432 |
| | | $ | 69,055 |
| | | $ | 69,410 |
| | | $ | 74,331 |
| |
Customer deposits | 17,227 |
| | | 18,295 |
| | | 19,271 |
| | | 17,314 |
| |
Income taxes currently payable | 4,235 |
| | | — |
| | | 1,414 |
| | | — |
| |
Current portion of long-term debt | 22,606 |
| | | — |
| | | — |
| | | — |
| |
Current deferred tax liabilities | — |
| | | — |
| | | — |
| | | 27,820 |
| |
Current liabilities of discontinued operations | 415,183 |
| | | 62,813 |
| | | 85,295 |
| | | — |
| |
Total current liabilities | 526,683 |
| | | 150,163 |
| | | 175,390 |
| | | 119,465 |
| |
Deferred tax liabilities | 63,186 |
| | | 64,398 |
| | | 64,968 |
| | | 72,432 |
| |
Other liabilities | 859 |
| | | 1,161 |
| | | 1,019 |
| | | 878 |
| |
Noncurrent liabilities of discontinued operations | 46,679 |
| | | 542,729 |
| | | 539,782 |
| | | — |
| |
Long-term debt | 607,650 |
| | | 300,000 |
| | | 206,022 |
| | | 196,470 |
| |
Total liabilities | 1,245,057 |
| | | 1,058,451 |
| | | 987,181 |
| | | 389,245 |
| |
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 |
| | | 3,024 |
| | | 3,024 |
| |
Additional paid-in capital | 116,726 |
| | | 86,184 |
| | | 87,718 |
| | | 86,388 |
| |
Retained earnings | 1,062,737 |
| | | 1,082,725 |
| | | 1,091,629 |
| | | 1,030,387 |
| |
Accumulated other comprehensive income | 5,182 |
| | | 7,998 |
| | | 2,073 |
| | | 71,959 |
| |
Treasury shares, at cost (2,140,368 shares, 1,382,602 shares, 1,379,345 shares and 1,428,495 shares as of March 31, 2014, June 30, 2014, September 30, 2014, and December 31, 2014, respectively) | (90,227 | ) | | | (58,045 | ) | | | (57,911 | ) | | | (58,556 | ) | |
Total equity | 1,097,442 |
| | | 1,121,886 |
| | | 1,126,533 |
| | | 1,133,202 |
| |
Total liabilities and equity | $ | 2,342,499 |
| | | $ | 2,180,337 |
| | | $ | 2,113,714 |
| | | $ | 1,522,447 |
| |