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Unless stated otherwise, the discussion of the Company’s business and financial information throughout this
Annual Report on Form 10-K refers to the Company’s continuing operations and results from continuing
operations.
Through April 2013, the Company had a contractual relationship with a third party entity, Huminal, S.A. de
C.V., sociedad anónima de capital variable (“Huminal”), to compensate and maintain the labor force of its Mexico
pawn operations. The Company qualified as the primary beneficiary of Huminal in accordance with Accounting
Standards Codification (“ASC”) 810, Consolidation (“ASC 810”). Therefore, the results and balances of Huminal
were consolidated and allocated to net income attributable to noncontrolling interests. In May 2013, the Company
acquired all of the outstanding common stock of Huminal, and Huminal became a wholly-owned subsidiary of the
Company as of that date. The Company accounted for this transaction as a change in ownership interests that does
not result in a change in control.
Operating Segment and Geographic Information
The Company operates within one reportable operating segment. Because the Company has only one
reportable segment, all required financial segment information can be found directly in the consolidated financial
statements. The Company evaluates the performance of its reportable segment based on income from operations.
The following table presents the Company’s revenue by geographic region for the years ended
December31,2015,2014and2013(dollarsinthousands):
YearEndedDecember31,
Revenue 2015 2014 2013
United States $ 1,029,491 $ 1,077,199 $ 1,003,961
Mexico (a) —17,497 26,525
Total revenue $ 1,029,491 $ 1,094,696 $ 1,030,486
(a) The Company sold its Mexico-based pawn operations in August 2014. See Note 3.
Use of Estimates
The preparation of these financial statements requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the dates of
the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods
presented. On an on-going basis, management evaluates its estimates and judgments, including those related to
revenue recognition on pawn loan fees and service charges, allowance for losses on consumer loans, certain equity
securities, goodwill, long-lived and intangible assets, income taxes, contingencies and litigation. Management bases
its estimates on historical experience, empirical data and various other assumptions that are believed to be
reasonable under the circumstances, and the results form the basis for making judgments about the carrying values
of assets and liabilities. Actual results may differ from these estimates.
Foreign Currency Translations
Prior to the sale of the Company’s Mexico-based pawn operations in August 2014 (see Note 3) and the
Enova Spin-off in November 2014 (see Note 2), the Company had operations outside of the United States that
involved foreign currency transactions and translations. The functional currencies for the Company’s former
subsidiaries that served residents of the United Kingdom, Australia, Canada, Mexico and Brazil were the British
pound, the Australian dollar, the Canadian dollar, the Mexican peso and the Brazilian real, respectively. The assets
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
84