Cash America 2015 Annual Report Download - page 7
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Company-operated lending locations, the Company offers check cashing services, as well as prepaid debit cards
that are issued and serviced through a third party. In July 2015, the Company ceased offering certain ancillary
products and services, including money orders, wire transfers and auto insurance, consistent with its strategy to
emphasize pawn-related services in its Company-operated locations. Total revenue from check cashing and other
ancillary products and services accounted for less than 1% of consolidated total revenue for the years ended
December 31, 2015, 2014 and 2013, respectively.
Enova Spin-off
On November 13, 2014, the Company completed the distribution of approximately 80% of the outstanding
shares of Enova International, Inc. (“Enova”) common stock to the Company’s shareholders (the “Enova Spin-off”).
Prior to the Enova Spin-off, Enova was a wholly-owned subsidiary of the Company that operated its online lending
business and comprised the Company’s e-commerce segment. Following the Enova Spin-off, the Company no
longer offers loans online. Upon completion of the Enova Spin-off, the Company reclassified the financial results of
Enova to discontinued operations in the Company’s consolidated financial statements for the years ended December
31, 2014 and 2013. For additional information, see “Item 8. Financial Statements and Supplementary Data—Note
2.”
Locations
Thefollowingtablesetsforth,asofDecember31,2015,2014and2013,thenumberofCompany-operated
locations that offered pawn lending, consumer lending, and other services, in addition to franchised locations that
offered check cashing services. The Company provides these services in the United States primarily under the
names “Cash America Pawn,” “SuperPawn,” “Cash America Payday Advance,” “Cashland” and “Mr. Payroll.” The
Company’s domestic pawn and consumer lending locations operated in 20, 21 and 22 states as of December 31,
2015, 2014 and 2013, respectively. As of December 31, 2015, 2014, and 2013, the franchised check cashing
locations operated in 12, 12 and 14 states, respectively.
As of December 31,
2015 2014 2013
Company-operated locations offering:
Pawn lending only (a) 548 548 294
Both pawn and consumer lending 253 272 582
Consumer lending only 21 39 40
Total Company-operated locations 822 859 916
Franchised check cashing centers 75 84 90
Total 897 943 1,006
(a) As of December 31, 2013, Company-operated locations included 47 Mexico-based, pawn-lending-only locations that operated under the
name “Cash America casa de empeño.” The Company sold its Mexico-based operations in August 2014.
3