Cash America 2015 Annual Report Download - page 99

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Summarized income statement and supplemented cash flow information for discontinued operations for the
years ended December 31, 2014 and 2013, is shown below (dollars in thousands, except per share data). Information
for the year ended December 31, 2014 includes only income, expenses and cash flow activity prior to the date of the
Enova Spin-off.
Year Ended December 31,
2014 2013
Total Revenue $ 705,778 $ 766,169
Total Cost of Revenue 229,816 317,896
Net Revenue 475,962 448,273
Expenses
Operations and administration 256,466 280,515
Depreciation and amortization 15,698 17,143
Total Expenses 272,164 297,658
Income from Operations 203,798 150,615
Interest expense, net (31,301) (19,788)
Foreign currency transaction loss (539) (1,222)
Income before Income Taxes 171,958 129,605
Provision for income taxes 62,933 46,259
Net Income from Discontinued Operations $ 109,025 $ 83,346
Diluted Income per Share from Discontinued Operations $ 3.72 $ 2.72
Year Ended December 31,
2014 2013
Cash flows from investing activities
Capital expenditures $ 11,681 $ 14,872
Significant non-cash operating items
Non-cash interest expense on note payable to Cash America $ — $ 19,844
Significant non-cash investing items
Consumer loans renewed $ 262,458 $ 500,797
Cash paid during the year for:
Interest $ 7,630 $ —
Income taxes (a) $ 758 $ 170
(a) Represents cash paid for state and local income taxes. Federal income tax payments for 2014 and 2013 were made by Cash America.
3. Acquisitions and Divestitures
Acquisitions
Goodwill arising from the acquisitions discussed below consists largely of the synergies and economies of
scale expected from combining the operations of the Company and the pawn lending locations acquired. All
goodwill associated with these acquisitions is expected to be deductible for tax purposes.
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
95