Cash America International 8-K Cash America Announces Third Quarter Net Income up 25% and Dividend Declared

Exhibit 99.1

Cash America Announces Third Quarter Net Income up 25% and Dividend Declared

FORT WORTH, Texas--(BUSINESS WIRE)--October 20, 2011--Cash America International, Inc. (NYSE: CSH) announced today that consolidated net income attributable to the Company for the third quarter of 2011 increased 25% to $34,777,000 ($1.08 per share) compared to the third quarter of 2010 which was $27,908,000 (90 cents per share). The earnings growth was achieved through a balanced contribution between growth in revenue from pawn related activities and consumer loan revenues as consolidated total revenue increased 21% during the third quarter of 2011 to $387.9 million, up from $319.4 million during the same period in 2010.

Consolidated net revenue also increased 21% to $235.4 million, with pawn loan fees and profit on the disposition of merchandise providing 56% of the increase while posting a 21% improvement year over year in pawn related net revenue to $130.0 million. Consumer loan fees, net of the loss provision expense, were up 22% to $102.4 million due to significant growth and a higher percentage of net revenue coming from consumer loans originated in foreign markets. Consolidated income from operations for the Company increased 25%, to $63.2 million in the third quarter of 2011 compared to $50.4 million for the same period in 2010.

The Company’s Retail Services segment posted higher revenue and earnings in the third quarter of 2011 primarily due to the performance of its domestic pawn lending business. Higher revenue from pawn loans led the Company’s U.S. based Retail Services segment to post a 20% increase in income from operations, which reached $42.5 million during the third quarter of 2011. Consolidated pawn loan balances were $244.4 million in the third quarter of 2011, up 25% from the same period in 2010. Net revenue from the Company’s E-Commerce segment increased 30% in the third quarter of 2011 compared to the same period in 2010 to $77.6 million mainly due to a 152% increase in foreign E-Commerce net revenue, which reached $35.7 million and amounted to 46% of the total E-Commerce net revenue for the period.

For the nine-month period ended September 30, 2011, Cash America reported a 21% increase in net income to $98,136,000 ($3.07 per share) compared to $80,830,000 ($2.56 per share) for the same period in 2010. Total revenue increased 17% to $1,077.4 million for the nine-month period ended September 30, 2011, up from $924.5 million for the same period in 2010.

Commenting on the results for the third quarter, Daniel R. Feehan, President and Chief Executive Officer of the Company said, “The third quarter results were achieved with solid contributions from each of our lending businesses by the continued growth in loan demand for both our pawn and consumer loan products.”

Cash America will conduct a conference call to discuss its third quarter earnings on Thursday, October 20, 2011 at 7:00 AM CDT. A live web cast of the call will be available on the Company’s corporate web site in the Investor Relations section (www.cashamerica.com). To listen to the live call, please go to the web site at least fifteen minutes early to register, download, and install any necessary audio software.

Additionally, the Company announced that the Board of Directors, at its regularly scheduled quarterly meeting, declared a $0.035 (3.5 cents) per share cash dividend on common stock outstanding. The dividend will be paid at the close of business on November 16, 2011 to shareholders of record on November 2, 2011.

Expectations for the remainder of fiscal 2011 will be impacted by earning asset levels based on customer demand for credit products and by customer demand for the sale of merchandise in pawn lending locations during the seasonally important holiday selling season. The fourth quarter represents an important period of retail sales for the Company, and results will be affected by consumer sentiments during the period.

On September 15, 2011, the Company’s wholly-owned subsidiary, Enova International, Inc., which comprises the Company’s E-commerce segment, filed a registration statement on Form S-1 with the Securities and Exchange Commission in connection with a proposed initial public offering of Enova common stock by the Company and Enova. The registration statement has not yet become effective which restricts the Company from issuing earnings guidance for the remainder of 2011 or 2012 at this time and from commenting on, or updating, previously issued guidance.

About the Company

As of September 30, 2011, Cash America International, Inc. had 1,083 total locations offering specialty financial services to consumers, which include 782 lending locations (including nine unconsolidated franchised locations) operating in 23 states in the United States under the names “Cash America Pawn,” “SuperPawn,” “Maxit,” “Pawn X-Change,” “Cash America Payday Advance,” and “Cashland,” and 186 pawn lending locations, of which the Company is a majority owner, operating in 21 jurisdictions in central and southern Mexico under the name “Prenda Fácil.” The Company also operated 109 unconsolidated franchised and six Company-owned check cashing centers operating in 18 states in the United States under the name “Mr. Payroll” as of September 30, 2011. Additionally, as of September 30, 2011, the Company offered consumer loans over the Internet to customers in 32 states in the United States at http://www.cashnetusa.com, in the United Kingdom at http://www.quickquid.co.uk and http://www.poundstopocket.co.uk, in Australia at http://www.dollarsdirect.com.au, and in Canada at http://www.dollarsdirect.ca.

For additional information regarding the Company and the services it provides, visit the Company’s websites located at:

http://www.cashamerica.com	http://www.dollarsdirect.com.au
http://www.enovainternational.com	http://www.dollarsdirect.ca
http://www.cashnetusa.com	http://www.goldpromise.com
http://www.cashlandloans.com	http://www.mrpayroll.com
http://www.quickquid.co.uk	http://www.primaryinnovations.net
http://www.poundstopocket.co.uk

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements about the business, financial condition and prospects of Cash America International, Inc. and its subsidiaries (the “Company”). The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties including, without limitation, changes in pawn, consumer loan, tax and other domestic and foreign laws and governmental rules and regulations applicable to the Company's business, changes in demand for the Company's services, acceptance by consumers, legislators or regulators of the negative characterization by the media and consumer activists with respect to certain of the Company’s loan products, the continued acceptance of the online distribution channel by the Company’s online loan customers, the actions of third parties who provide, acquire or offer products and services to, from or for the Company, fluctuations in the price of gold, changes in competition, the ability of the Company to open new locations in accordance with its plans, changes in economic conditions, real estate market fluctuations, interest rate fluctuations, changes in foreign currency exchange rates, changes in the capital markets, changes in the Company’s ability to satisfy its debt obligations or to refinance existing debt obligations or obtain new capital to finance growth, the ability to successfully integrate newly acquired businesses into the Company’s operations, the loss of services of any of the Company’s executive officers, a prolonged interruption in the Company’s operations of its facilities, systems and business functions, including its information technology and other business systems, the effect of any current or future litigation proceedings on the Company, the implementation of new, or changes in the interpretation of existing, accounting principles or financial reporting requirements, acts of God, war or terrorism, pandemics and other events, the effect of any of such changes on the Company’s business or the markets in which it operates, risks related to the Company’s previously-announced proposed initial public offering of common stock of Enova International, Inc. (“Enova”), and other risks and uncertainties indicated in the Company's filings with the Securities and Exchange Commission. These risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this release, terms such as “believes,” “estimates,” “should,” “could,” “would,” “plans,” “expects,” “anticipates,” “may,” “forecasts,” “projects” and similar expressions and variations as they relate to the Company or its management are intended to identify forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements to reflect events or circumstances occurring after the date of this release.

The registration statement on Form S-1 that was filed with the Securities and Exchange Commission by the Company’s wholly-owned subsidiary, Enova, has not yet become effective. The completion of the offering of common stock of Enova is subject to numerous conditions, including market conditions, and the Company can provide no assurance that it will be successfully completed. The securities offered under Enova’s registration statement may not be sold, nor may offers to buy be accepted prior to the time that the registration statement becomes effective. The information contained in this press release with respect to the offering shall not constitute an offer to sell or a solicitation of an offer to buy these securities.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
HIGHLIGHTS OF CONSOLIDATED RESULTS OF OPERATIONS
(in thousands, except per share data)
(Unaudited)
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
Consolidated Operations:
Total revenue	$	387,893	$	319,360	$	1,077,350	$	924,503
Net revenue		235,454		194,428		661,430		560,382
Total operating expenses		172,289		144,069		485,213		414,446
Income from operations	$	63,165	$	50,359	$	176,217	$	145,936
Income before income taxes		55,503		44,886		156,838		129,585
Net Income	$	34,529	$	27,478	$	97,561	$	80,440
Net loss attributable to the noncontrolling interest		248		430	$	575	$	390
Net Income Attributable to Cash America International, Inc.	$	34,777	$	27,908	$	98,136	$	80,830
Earnings per share:
Net Income attributable to Cash America International, Inc. common shareholders:
Basic	$	1.18	$	0.95	$	3.31	$	2.73
Diluted	$	1.08	$	0.90	$	3.07	$	2.56
Weighted average shares:
Basic		29,535		29,462		29,626		29,601
Diluted		32,248		31,038		31,969		31,598

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
(Unaudited)
		September 30,						December 31,
		2011			2010			2010
	Assets
	Current assets:
	Cash and cash equivalents	$	54,364		$	52,427		$	38,324
	Pawn loans		244,441			196,278			218,408
	Consumer loans, net		191,642			129,480			139,377
	Merchandise held for disposition, net		156,806			120,244			124,399
	Pawn loan fees and service charges receivable		45,066			37,593			41,216
	Prepaid expenses and other assets		41,654			48,066			32,490
	Deferred tax assets		29,070			28,872			28,016
	Total current assets		763,043			612,960			622,230
	Property and equipment, net		236,325			203,409			222,320
	Goodwill		538,169			515,345			543,324
	Intangible assets, net		26,668			24,939			31,188
	Other assets		13,948			6,897			8,124
	Total assets	$	1,578,153		$	1,363,550		$	1,427,186
	Liabilities and Equity
	Current liabilities:
	Accounts payable and accrued expenses	$	95,574		$	94,543		$	96,465
	Customer deposits		10,588			9,619			9,146
	Income taxes currently payable		10,520			8,746			888
	Current portion of long-term debt		21,856			25,493			24,433
	Total current liabilities		138,538			138,401			130,932
	Deferred tax liabilities		88,980			50,156			56,792
	Noncurrent income tax payable		2,343			2,275			2,408
	Other liabilities		1,522			9,005			2,052
	Long-term debt		470,124			405,233			432,271
	Total liabilities	$	701,507		$	605,070		$	624,455
	Equity:
	Cash America International, Inc. equity:
	Common stock, $0.10 par value per share, 80,000,000 shares authorized, 30,235,164 shares issued		3,024			3,024			3,024
	Additional paid-in capital		167,193			165,473			165,658
	Retained earnings		739,256			610,545			644,208
	Accumulated other comprehensive (loss) income		(2,352	)		6,433			4,797
	Treasury shares, at cost (982,735 shares, 1,060,326 shares and 685,315 shares at September 30, 2011 and 2010, and at December 31, 2010, respectively)		(35,752	)		(33,097	)		(21,283	)
	Total Cash America International, Inc. shareholders' equity		871,369			752,378			796,404
	Noncontrolling interest		5,277			6,102			6,327
	Total equity		876,646			758,480			802,731
	Total liabilities and equity	$	1,578,153		$	1,363,550		$	1,427,186

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data)
(Unaudited)
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2011			2010			2011			2010
	Revenue
	Pawn loan fees and service charges	$	77,053		$	63,968		$	212,290		$	181,756
	Proceeds from disposition of merchandise		144,821			116,998			435,775			372,731
	Consumer loan fees		162,981			134,869			418,522			359,176
	Other		3,038			3,525			10,763			10,840
	Total Revenue		387,893			319,360			1,077,350			924,503
	Cost of Revenue
	Disposed merchandise		91,863			73,796			270,715			234,158
	Consumer loan loss provision		60,576			51,136			145,205			129,963
	Total Cost of Revenue		152,439			124,932			415,920			364,121
	Net Revenue		235,454			194,428			661,430			560,382
	Expenses
	Operations		124,522			105,809			352,999			304,259
	Administration		32,917			27,838			92,614			78,832
	Depreciation and amortization		14,850			10,422			39,600			31,355
	Total Expenses		172,289			144,069			485,213			414,446
	Income from Operations		63,165			50,359			176,217			145,936
	Interest expense		(6,865	)		(5,647	)		(18,307	)		(16,510	)
	Interest income		14			161			56			320
	Foreign currency transaction (loss) gain		(777	)		74			(1,058	)		(100	)
	Equity in loss of unconsolidated subsidiary		(34	)		(61	)		(70	)		(61	)
	Income before Income Taxes		55,503			44,886			156,838			129,585
	Provision for income taxes		20,974			17,408			59,277			49,145
	Net Income		34,529			27,478			97,561			80,440
	Net loss attributable to the noncontrolling interest		248			430			575			390
	Net Income Attributable to Cash America International, Inc.	$	34,777		$	27,908		$	98,136		$	80,830
	Earnings Per Share:
	Net Income attributable to Cash America International, Inc. common shareholders:
	Basic	$	1.18		$	0.95		$	3.31		$	2.73
	Diluted	$	1.08		$	0.90		$	3.07		$	2.56
	Weighted average common shares outstanding:
	Basic		29,535			29,462			29,626			29,601
	Diluted		32,248			31,038			31,969			31,598
	Dividends declared per common share	$	0.035		$	0.035		$	0.105		$	0.105

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
PAWN OPERATIONS - FINANCIAL AND OPERATING DATA
(in thousands, except per share data)
The following table outlines certain data related to the Company’s pawn loan activities as of and for the three and nine months ended September 30, 2011 and 2010.
		2011										2010
		Domestic			Foreign				Total			Domestic			Foreign				Total
As of September 30,
Ending pawn loan balances		$	225,921		$	18,520			$	244,441		$	175,880		$	20,398			$	196,278
Ending merchandise balance, net		$	156,806		$	-		(a)	$	156,806		$	120,244		$	-		(a)	$	120,244
Three Months Ended September 30,
Pawn loan fees and service charges		$	69,025		$	8,028			$	77,053		$	56,638		$	7,330			$	63,968
Average pawn loan balance outstanding		$	218,607		$	20,619			$	239,226		$	170,703		$	21,013			$	191,716
Amount of pawn loans written and renewed		$	240,062		$	34,084			$	274,146		$	181,665		$	20,418			$	202,083
Annualized yield on pawn loans			125.3	%		107.5	%	(a)		123.1	%		131.6	%		105.2	%	(a)		127.9	%
Gross profit margin on disposition of merchandise			36.6	%		-		(a)		36.6	%		36.9	%		-		(a)		36.9	%
Merchandise turnover			2.6			-		(a)		2.6			2.6			-		(a)		2.6
		2011										2010
Nine Months Ended September 30,		Domestic			Foreign				Total			Domestic			Foreign				Total
Pawn loan fees and service charges		$	190,409		$	21,881			$	212,290		$	158,580		$	23,176			$	181,756
Average pawn loan balance outstanding		$	197,316		$	21,645			$	218,961		$	157,343		$	22,286			$	179,629
Amount of pawn loans written and renewed		$	641,260		$	80,483			$	721,743		$	491,602		$	66,398			$	558,000
Annualized yield on pawn loans			129.0	%		101.5	%	(a)		114.6	%		134.8	%		112.8	%	(a)		117.3	%
Gross profit margin on disposition of merchandise			37.9	%		-		(a)		37.9	%		37.2	%		-		(a)		37.2	%
Merchandise turnover			2.8			-		(a)		2.8			2.9			-		(a)		2.9
(a)	With respect to the Company’s foreign pawn operations, the annualized yield on pawn loans is calculated using the average pawn loan balance outstanding in the table above, plus the average collateral underlying unredeemed pawn loans of $9,002 and $6,618 for the three months ended September 30, 2011 and 2010, respectively, and $7,175 and $5,180 for the nine months ended September 30, 2011 and 2010, respectively. Collateral underlying unredeemed pawn loans will be sold to settle the obligations owed by the customer but are not owned by the Company; therefore, profit on the disposition of this collateral is recorded as pawn loan fees and service charges in the Company’s consolidated statements of operations.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
MERCHANDISE DISPOSITION, GROSS PROFIT AND INVENTORY OPERATING DATA
(in thousands)
Profit from the disposition of merchandise represents the proceeds received from the disposition of merchandise in excess of the cost of disposed merchandise. Retail sales include the sale of jewelry and general merchandise direct to consumers through any of the Company’s retail services locations or the internet. Commercial sales include the sale of refined gold, platinum and diamonds to refiners, brokers or manufacturers. The following table summarizes the proceeds from the disposition of merchandise and the related profit for the three and nine months ended September 30, 2011 and 2010.
	Three Months Ended September 30,
	2011									2010
	Retail			Commercial			Total			Retail			Commercial			Total
Proceeds from disposition	$	76,101		$	68,720		$	144,821		$	64,578		$	52,420		$	116,998
Gross profit on disposition	$	29,936		$	23,022		$	52,958		$	26,203		$	16,999		$	43,202
Gross profit margin		39.3	%		33.5	%		36.6	%		40.6	%		32.4	%		36.9	%
Percentage of total gross profit		56.5	%		43.5	%		100.0	%		60.7	%		39.3	%		100.0	%
	Nine Months Ended September 30,
	2011									2010
	Retail			Commercial			Total			Retail			Commercial			Total
Proceeds from disposition	$	246,028		$	189,747		$	435,775		$	214,750		$	157,981		$	372,731
Gross profit on disposition	$	97,859		$	67,201		$	165,060		$	86,106		$	52,467		$	138,573
Gross profit margin		39.8	%		35.4	%		37.9	%		40.1	%		33.2	%		37.2	%
Percentage of total gross profit		59.3	%		40.7	%		100.0	%		62.1	%		37.9	%		100.0	%

The table below summarizes the age of merchandise held for disposition before valuation allowance of $0.7 million at September 30, 2011 and 2010 (dollars in thousands).

	2011			2010
Balance at September 30,	Amount		%	Amount		%
Jewelry - held for one year or less	$	99,383	63.1	$	77,729	64.3
Other merchandise - held for one year or less		52,687	33.4		37,215	30.7
Total merchandise held for one year or less		152,070	96.5		114,944	95.0
Jewelry - held for more than one year		2,091	1.3		3,033	2.5
Other merchandise - held for more than one year		3,345	2.2		2,967	2.5
Total merchandise held for more than one year		5,436	3.5		6,000	5.0
Total merchandise held for disposition	$	157,506	100.0	$	120,944	100.0

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSUMER LOAN FINANCIAL AND OPERATING DATA
(in thousands, except where otherwise noted)
The following table sets forth consumer loan fees by channel and segment, adjusted for the deduction of the loan loss provision for the three months ended September 30, 2011 and 2010 (dollars in thousands):
	Three Months Ended September 30,
	2011									2010
	Retail Services			E-Commerce			Total			Retail Services			E-Commerce			Total
Short-term loans	$	29,741		$	117,084		$	146,825		$	29,129		$	92,533		$	121,662
Installment loans		2,936			13,220			16,156			121			2,965			3,086
MLOC		-			-			-			-			10,121			10,121
Consumer loan fees	$	32,677		$	130,304		$	162,981		$	29,250		$	105,619		$	134,869
Consumer loan loss provision		7,513			53,063			60,576			4,966			46,170			51,136
Consumer loan fees, net of loan loss provision	$	25,164		$	77,241		$	102,405		$	24,284		$	59,449		$	83,733
Year-over-year change - $	$	880		$	17,792		$	18,672		$	(145	)	$	23,359		$	23,214
Year-over-year change - %		3.6	%		29.9	%		22.3	%		0.6	%		64.7	%		38.4	%
Consumer loan loss provision as a % of consumer loan fees		23.0	%		40.7	%		37.2	%		17.0	%		43.7	%		37.9	%
	Nine Months Ended September 30,
	2011									2010
	Retail Services			E-Commerce			Total			Retail Services			E-Commerce			Total
Short-term loans	$	79,503		$	304,153		$	383,656		$	83,450		$	243,543		$	326,993
Installment loans		6,329			28,537			34,866			126			6,489			6,615
MLOC		-			-			-			-			25,568			25,568
Consumer loan fees	$	85,832		$	332,690		$	418,522		$	83,576		$	275,600		$	359,176
Consumer loan loss provision		15,452			129,753			145,205			12,971			116,992			129,963
Consumer loan fees, net of loan loss provision	$	70,380		$	202,937		$	273,317		$	70,605		$	158,608		$	229,213
Year-over-year change - $	$	(225	)	$	44,329		$	44,104		$	576		$	57,160		$	57,736
Year-over-year change - %		(0.3	)%		27.9	%		19.2	%		0.8	%		56.3	%		33.7	%
Consumer loan loss provision as a % of consumer loan fees		18.0	%		39.0	%		34.7	%		15.5	%		42.4	%		36.2	%
In addition to reporting financial results in accordance with generally accepted accounting principles (“GAAP”) in the United States, the Company has provided combined consumer loans and combined consumer loans written, which are non-GAAP measures.  Combined consumer loans and combined consumer loans written include (i) consumer loans written by the Company, which are GAAP measures, (ii) consumer loans written by third-party lenders through the CSO program, which are non-GAAP measures and (iii) the Company's participation interests in consumer loans written by a third-party lender’s micro line of credit (“MLOC”) product, which are GAAP measures.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
Combined consumer loan loss provision as a % of combined consumer loans written(a)	7.4	%	6.2	%	6.7	%	5.9	%
Charge-offs (net of recoveries) as a % of combined consumer loans written(a)	6.1	%	5.2	%	6.3	%	5.1	%
Combined consumer loan loss provision as a % of consumer loan fees(a)	37.2	%	37.9	%	34.7	%	36.2	%
(a) Non-GAAP measure.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSUMER LOAN FINANCIAL AND OPERATING DATA
(in thousands, except where otherwise noted)
Management believes these measures are useful in evaluating the consumer loan portfolio on an aggregate basis, including its evaluation of the loss provision for the Company-owned portfolio and third-party lender-owned portfolios that the Company guarantees. The following table summarizes selected data related to the Company’s consumer loan activities as of September 30, 2011 and 2010 and for the three and nine months ended September 30, 2011 and 2010.
	As of September 30,
	2011									2010
	Company Owned(a)			Guaranteed by the Company(a)			Combined(b)			Company Owned(a)			Guaranteed by the Company(a)			Combined(b)
Ending consumer loan balances:
Retail Services
Short-term loans	$	48,891		$	8,644		$	57,535		$	45,700		$	9,401		$	55,101
Installment loans		8,484			6,218			14,702			1,174			1,024			2,198
Total Retail Services, gross		57,375			14,862			72,237			46,874			10,425			57,299
E-Commerce
Domestic
Short-term loans		51,829			33,514			85,343			52,707			36,673			89,380
Installment loans		19,856			-			19,856			5,856			-			5,856
MLOC		-			-			-			21,196			-			21,196
Total Domestic, gross		71,685			33,514			105,199			79,759			36,673			116,432
Foreign
Short-term loans		86,987			2,842			89,829			48,313			1,318			49,631
Installment loans		22,930			-			22,930			120			-			120
Total Foreign, gross		109,917			2,842			112,759			48,433			1,318			49,751
Total E-Commerce, gross		181,602			36,356			217,958			128,192			37,991			166,183
Total ending loan balance, gross		238,977			51,218			290,195			175,066			48,416			223,482
Less: Allowance and liabilities for losses		(47,335	)		(2,487	)		(49,822	)		(45,586	)		(2,790	)		(48,376	)
Total ending loan balance, net	$	191,642		$	48,731		$	240,373		$	129,480		$	45,626		$	175,106
(a) GAAP measure.
(b) Except for allowance and liability for losses, amounts represent non-GAAP measures.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSUMER LOAN FINANCIAL AND OPERATING DATA
(in thousands, except where otherwise noted)
	Three Months Ended September 30,
	2011						2010
	Company Owned(a)		Guaranteed by the Company(a)		Combined(b)		Company Owned(a)		Guaranteed by the Company(a)		Combined(b)
Amount of consumer loans written:
Retail Services
Short-term loans	$	196,771	$	45,915	$	242,686	$	181,384	$	51,871	$	233,255
Installment loans		1,601		5,126		6,727		267		1,576		1,843
Total Retail Services		198,372		51,041		249,413		181,651		53,447		235,098
E-Commerce
Domestic
Short-term loans		109,909		180,890		290,799		118,646		229,212		347,858
Installment loans		15,223		-		15,223		5,994		-		5,994
MLOC		-		-		-		107,345		-		107,345
Total Domestic		125,132		180,890		306,022		231,985		229,212		461,197
Foreign
Short-term loans		231,310		15,410		246,720		119,543		6,608		126,151
Installment loans		15,844		-		15,844		119		-		119
Total Foreign		247,154		15,410		262,564		119,662		6,608		126,270
Total E-Commerce		372,286		196,300		568,586		351,647		235,820		587,467
Total amount of consumer loans written	$	570,658	$	247,341	$	817,999	$	533,298	$	289,267	$	822,565
Number of consumer loans written:
Retail Services
Short-term loans		423,380		81,771		505,151		417,507		89,742		507,249
Installment loans		1,554		977		2,531		759		293		1,052
Total Retail Services		424,934		82,748		507,682		418,266		90,035		508,301
E-Commerce
Domestic
Short-term loans		342,634		258,705		601,339		336,578		337,272		673,850
Installment loans		11,799		-		11,799		9,213		-		9,213
MLOC		-		-		-		530,400		-		530,400
Total Domestic		354,433		258,705		613,138		876,191		337,272		1,213,463
Foreign
Short-term loans		433,216		22,251		455,467		238,190		13,809		251,999
Installment loans		13,967		-		13,967		133		-		133
Total Foreign		447,183		22,251		469,434		238,323		13,809		252,132
Total E-Commerce		801,616		280,956		1,082,572		1,114,514		351,081		1,465,595
Total number of consumer loans written		1,226,550		363,704		1,590,254		1,532,780		441,116		1,973,896
(a) GAAP measure.
(b) Non-GAAP measure.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSUMER LOAN FINANCIAL AND OPERATING DATA
(in thousands, except where otherwise noted)
	Nine Months Ended September 30,
	2011						2010
	Company Owned(a)		Guaranteed by the Company(a)		Combined(b)		Company Owned(a)		Guaranteed by the Company(a)		Combined(b)
Amount of consumer loans written:
Retail Services
Short-term loans	$	534,182	$	128,431	$	662,613	$	510,759	$	148,088	$	658,847
Installment loans		6,580		10,193		16,773		267		1,793		2,060
Total Retail Services		540,762		138,624		679,386		511,026		149,881		660,907
E-Commerce
Domestic
Short-term loans		315,472		491,424		806,896		336,201		597,391		933,592
Installment loans		28,262		-		28,262		13,187		-		13,187
MLOC		-		-		-		274,234		-		274,234
Total Domestic		343,734		491,424		835,158		623,622		597,391		1,221,013
Foreign
Short-term loans		568,507		40,476		608,983		288,297		16,166		304,463
Installment loans		36,797		-		36,797		119		-		119
Total Foreign		605,304		40,476		645,780		288,416		16,166		304,582
Total E-Commerce		949,038		531,900		1,480,938		912,038		613,557		1,525,595
Total amount of consumer loans written	$	1,489,800	$	670,524	$	2,160,324	$	1,423,064	$	763,438	$	2,186,502
Number of consumer loans written:
Retail Services
Short-term loans		1,155,859		226,068		1,381,927		1,172,012		257,384		1,429,396
Installment loans		5,101		2,039		7,140		759		324		1,083
Total Retail Services		1,160,960		228,107		1,389,067		1,172,771		257,708		1,430,479
E-Commerce
Domestic
Short-term loans		957,228		693,814		1,651,042		931,268		863,570		1,794,838
Installment loans		24,630		-		24,630		21,655		-		21,655
MLOC		-		-		-		1,378,959		-		1,378,959
Total Domestic		981,858		693,814		1,675,672		2,331,882		863,570		3,195,452
Foreign
Short-term loans		1,077,980		61,340		1,139,320		593,503		37,014		630,517
Installment loans		32,185		-		32,185		133		-		133
Total Foreign		1,110,165		61,340		1,171,505		593,636		37,014		630,650
Total E-Commerce		2,092,023		755,154		2,847,177		2,925,518		900,584		3,826,102
Total number of consumer loans written		3,252,983		983,261		4,236,244		4,098,289		1,158,292		5,256,581
(a) GAAP measure.
(b) Non-GAAP measure.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
INCOME FROM OPERATIONS BY OPERATING SEGMENT
(in thousands)
The Company allocates corporate administrative expenses to each operating segment based on personnel expenses at each segment. In the e-commerce segment, certain administrative expenses are allocated between the domestic and foreign components based on the amount of loans written for each geographic location. For comparison purposes, all prior periods in the tables below reflect the current classification of administrative and operating expenses.
	Retail Services			E-Commerce
	Domestic	Foreign	Total	Domestic	Foreign	Total	Consolidated
Three Months Ended September 30, 2011
Revenue
Pawn loan fees and service charges	$69,025	$8,028	$77,053	$-	$-	$-	$77,053
Proceeds from disposition of merchandise	144,820	-	144,820	1	-	1	144,821
Consumer loan fees	32,677	-	32,677	67,320	62,984	130,304	162,981
Other	2,679	16	2,695	49	294	343	3,038
Total revenue	249,201	8,044	257,245	67,370	63,278	130,648	387,893
Disposed merchandise	91,863	-	91,863	-	-	-	91,863
Consumer loan loss provision	7,513	-	7,513	25,472	27,591	53,063	60,576
Total cost of revenue	99,376	-	99,376	25,472	27,591	53,063	152,439
Net revenue	149,825	8,044	157,869	41,898	35,687	77,585	235,454
Expenses
Operations	84,593	5,389	89,982	17,953	16,587	34,540	124,522
Administration	12,204	2,749	14,953	9,809	8,155	17,964	32,917
Depreciation and amortization	10,510	1,488	11,998	2,634	218	2,852	14,850
Total expenses	107,307	9,626	116,933	30,396	24,960	55,356	172,289
Income (loss) from operations	$42,518	$(1,582)	$40,936	$11,502	$10,727	$22,229	$63,165
As of September 30, 2011
Total assets	$1,017,223	$121,326	$1,138,549	$323,699	$115,905	$439,604	$1,578,153
Goodwill			$327,887			$210,282	$538,169
	Retail Services			E-Commerce
	Domestic	Foreign	Total	Domestic	Foreign	Total	Consolidated
Three Months Ended September 30, 2010
Revenue
Pawn loan fees and service charges	$56,638	$7,330	$63,968	$-	$-	$-	$63,968
Proceeds from disposition of merchandise	116,998	-	116,998	-	-	-	116,998
Consumer loan fees	29,250	-	29,250	77,720	27,899	105,619	134,869
Other	3,184	65	3,249	276	-	276	3,525
Total revenue	206,070	7,395	213,465	77,996	27,899	105,895	319,360
Disposed merchandise	73,796	-	73,796	-	-	-	73,796
Consumer loan loss provision	4,966	-	4,966	32,433	13,737	46,170	51,136
Total cost of revenue	78,762	-	78,762	32,433	13,737	46,170	124,932
Net revenue	127,308	7,395	134,703	45,563	14,162	59,725	194,428
Expenses
Operations	73,515	4,078	77,593	19,707	8,509	28,216	105,809
Administration	11,189	2,132	13,321	11,732	2,785	14,517	27,838
Depreciation and amortization	7,041	1,307	8,348	2,004	70	2,074	10,422
Total expenses	91,745	7,517	99,262	33,443	11,364	44,807	144,069
Income (loss) from operations	$35,563	$(122)	$35,441	$12,120	$2,798	$14,918	$50,359
As of September 30, 2010
Total assets	$844,756	$121,271	$966,027	$343,870	$53,653	$397,523	$1,363,550
Goodwill			$305,063			$210,282	$515,345

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
INCOME FROM OPERATIONS BY OPERATING SEGMENT
(in thousands)
	Retail Services							E-Commerce
	Domestic		Foreign			Total		Domestic		Foreign		Total		Consolidated
Nine Months Ended September 30, 2011
Revenue
Pawn loan fees and service charges	$	190,409	$	21,881		$	212,290	$	-	$	-	$	-	$	212,290
Proceeds from disposition of merchandise		435,745		-			435,745		30		-		30		435,775
Consumer loan fees		85,832		-			85,832		181,243		151,447		332,690		418,522
Other		9,248		292			9,540		392		831		1,223		10,763
Total revenue		721,234		22,173			743,407		181,665		152,278		333,943		1,077,350
Disposed merchandise		270,692		-			270,692		23		-		23		270,715
Consumer loan loss provision		15,452		-			15,452		59,134		70,619		129,753		145,205
Total cost of revenue		286,144		-			286,144		59,157		70,619		129,776		415,920
Net revenue		435,090		22,173			457,263		122,508		81,659		204,167		661,430
Expenses
Operations		247,337		17,632			264,969		45,164		42,866		88,030		352,999
Administration		38,198		7,703			45,901		27,490		19,223		46,713		92,614
Depreciation and amortization		26,567		4,459			31,026		7,956		618		8,574		39,600
Total expenses		312,102		29,794			341,896		80,610		62,707		143,317		485,213
Income (loss) from operations	$	122,988	$	(7,621	)	$	115,367	$	41,898	$	18,952	$	60,850	$	176,217
	Retail Services							E-Commerce
	Domestic		Foreign			Total		Domestic		Foreign		Total		Consolidated
Nine Months Ended September 30, 2010
Revenue
Pawn loan fees and service charges	$	158,580	$	23,176		$	181,756	$	-	$	-	$	-	$	181,756
Proceeds from disposition of merchandise		372,731		-			372,731		-		-		-		372,731
Consumer loan fees		83,576		-			83,576		207,631		67,969		275,600		359,176
Other		9,907		139			10,046		794		-		794		10,840
Total revenue		624,794		23,315			648,109		208,425		67,969		276,394		924,503
Disposed merchandise		234,158		-			234,158		-		-		-		234,158
Consumer loan loss provision		12,971		-			12,971		85,312		31,680		116,992		129,963
Total cost of revenue		247,129		-			247,129		85,312		31,680		116,992		364,121
Net revenue		377,665		23,315			400,980		123,113		36,289		159,402		560,382
Expenses
Operations		219,568		12,486			232,054		50,120		22,085		72,205		304,259
Administration		34,571		6,305			40,876		28,932		9,024		37,956		78,832
Depreciation and amortization		21,539		3,681			25,220		5,935		200		6,135		31,355
Total expenses		275,678		22,472			298,150		84,987		31,309		116,296		414,446
Income from operations	$	101,987	$	843		$	102,830	$	38,126	$	4,980	$	43,106	$	145,936

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
LOCATION INFORMATION
Retail Services Segment
The following table sets forth the number of domestic and foreign locations in the Company’s retail services segment offering pawn lending, consumer lending, and other services as of September 30, 2011 and 2010. The Company’s domestic retail services locations operate under the names “Cash America Pawn,” “SuperPawn,” “Cash America Payday Advance,” “Cashland,” “Maxit,” “Pawn X-Change” and “Mr. Payroll.”  (Maxit and Pawn X-Change were acquired in October 2010.) The Company’s foreign retail services locations (of which the Company is a majority owner) operate under the name “Prenda Fácil.”
	As of September 30,
	2011			2010
	Domestic(a)(b)	Foreign(a)	Total	Domestic	Foreign	Total
Retail services locations offering:
Both pawn and consumer lending	571	-	571	569	-	569
Pawn lending only	125	186	311	77	202	279
Consumer lending only	86	-	86	89	-	89
Other (c)	115	-	115	125	-	125
Total retail services	897	186	1,083	860	202	1,062
(a) Except as described in (c) below, includes locations that operate in 23 and 28 states in the United States and 21 states in Mexico, as of September 30, 2011 and 2010, respectively.
(b) Includes eight and nine unconsolidated franchised locations operating under the name “Cash America Pawn” as of September 30, 2011 and 2010, respectively.
(c) As of September 30, 2011 and 2010, includes six and five consolidated Company-owned check cashing locations, respectively, and 109 and 120 unconsolidated franchised check cashing locations, respectively. As of September 30, 2011, includes locations that operate in 18 states in the United States.

E-Commerce Segment

As of September 30, 2011, the Company’s e-commerce operating segment offers consumer loans to customers over the Internet:

• in 32 states in the United States at http://www.cashnetusa.com,
• in the United Kingdom at http://www.quickquid.co.uk and http://www.poundstopocket.co.uk,
• in Australia at http://www.dollarsdirect.com.au, and
• in Canada at http://www.dollarsdirect.ca.

The e-commerce segment also includes the Company’s MLOC services channel, which processed MLOC advances on behalf of a third-party lender and had a participation interest in MLOC receivables during most of 2010. In the past, the MLOC services channel generated its earnings through loan processing services the Company provided for a third-party lender, as well as from fees generated from participation interests in receivables the Company acquired. This program ended in October 2010 because the third-party lender discontinued offering MLOC advances. The Company intends to continue pursuing the development of new MLOC opportunities during 2011 and future periods.

Non-GAAP Disclosure

In addition to the financial information prepared in conformity with Generally Accepted Accounting Principles in the United States of America (“GAAP”), the Company provides historical non-GAAP financial information. Management uses the non-GAAP financial measures for internal managerial purposes and believes that presentation of non-GAAP financial information is meaningful and useful in understanding the activities and business metrics of the Company’s operations. Management believes that these non-GAAP financial measures reflect an additional way of viewing aspects of the Company’s business that, when viewed with the Company’s GAAP results, provide a more complete understanding of factors and trends affecting the Company’s business.

Management provides non-GAAP financial information for informational purposes and to enhance understanding of the Company’s GAAP consolidated financial statements. Readers should consider the non-GAAP information in addition to, but not instead of, the Company’s financial statements prepared in accordance with GAAP. This non-GAAP financial information may be determined or calculated differently by other companies, limiting the usefulness of those measures for comparative purposes.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
ADJUSTED EARNINGS PER SHARE
Adjusted Earnings Per Share
In addition to reporting financial results in accordance with GAAP, the Company has provided adjusted earnings and adjusted earnings per share, which are non-GAAP measures. Management believes that the presentation of these measures provides investors with greater transparency and facilitates comparison of operating results across a broad spectrum of companies with varying capital structures, compensation strategies, derivative instruments and amortization methods, which provides a more complete understanding of the Company’s financial performance, competitive position and prospects for the future. Management also believes that investors regularly rely on non-GAAP financial measures, such as adjusted earnings and adjusted earnings per share, to assess operating performance and that such measures may highlight trends in the Company’s business that may not otherwise be apparent when relying on financial measures calculated in accordance with GAAP. The following table provides reconciliation between net income attributable to the Company and diluted earnings per share calculated in accordance with GAAP to adjusted earnings and adjusted earnings per share, respectively (dollars in thousands, except per share data):
	Three Months Ended									Nine Months Ended
	September 30,									September 30,
	2011				2010					2011				2010
	$		Per Share		$			Per Share		$		Per Share		$		Per Share
Net income attributable to Cash America International, Inc.	$	34,777	$	1.08	$	27,908		$	0.90	$	98,136	$	3.07	$	80,830	$	2.56
Adjustments:
Intangible asset amortization, net of tax		939		0.03		643			0.02		3,024		0.09		2,060		0.07
Non-cash equity-based compensation, net of tax		842		0.03		594			0.02		2,448		0.08		1,774		0.06
Convertible debt non-cash interest and issuance cost amortization, net of tax		559		0.02		515			0.01		1,650		0.05		1,543		0.04
Foreign exchange loss (gain), net of tax		483		0.01		(45	)		-		658		0.02		62		-
Adjusted earnings	$	37,600	$	1.17	$	29,615		$	0.95	$	105,916	$	3.31	$	86,269	$	2.73

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
ADJUSTED EBITDA
Adjusted EBITDA
The table below shows adjusted EBITDA, a non-GAAP measure that is defined as earnings before depreciation, amortization, interest, foreign currency transaction gains or losses, equity in earnings or loss of unconsolidated subsidiary, taxes and net income or loss attributable to the noncontrolling interest. Management believes adjusted EBITDA is used by investors to analyze operating performance and evaluate the Company’s ability to incur and service debt and its capacity for making capital expenditures. In addition, adjusted EBITDA is also useful to investors to help assess the Company’s liquidity and estimated enterprise value. The computation of adjusted EBITDA as presented below may differ from the computation of similarly-titled measures provided by other companies (dollars in thousands):
	Trailing 12 Months Ended
	September 30,
	2011			2010
Net Income attributable to Cash America International Inc.	$	132,841		$	114,513
Adjustments:
Depreciation and amortization expenses		52,172			41,991
Interest expense, net		24,078			21,403
Foreign currency transaction loss		1,421			239
Equity in loss of unconsolidated subsidiary		145			61
Provision for income taxes		79,401			68,193
Net (loss) income attributable to the noncontrolling interest		(479	)		71
Adjusted EBITDA	$	289,579		$	246,471
Adjusted EBITDA margin calculated as follows:
Total revenue	$	1,446,181		$	1,248,200
Adjusted EBITDA		289,579			246,471
Adjusted EBITDA as a percentage of total revenue		20.0	%		19.7	%

CONTACT:
Cash America International, Inc.
Thomas A. Bessant, Jr., 817-335-1100