Cash America 1999 Annual Report Download - page 3

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1
Letter to Shareholders . . . . . . . . . . . . . . . . . .2
Business/Industry Information . . . . . . . . . . .4
Management’s Discussion and
Analysis of Results of Operations
and Financial Condition . . . . . . . . . . . . . .14
Eight Year Summary of
Selected Financial Data . . . . . . . . . . . . . .19
Consolidated Financial Statements . . . . . .20
Notes to Consolidated
Financial Statements . . . . . . . . . . . . . . . .24
Report of Independent Accountants . . . . . .32
Income Statement Quarterly Data . . . . . .32
Common Stock Data . . . . . . . . . . . . . . . .32
Corporate Information . . .Inside Back Cover
(Dollars in thousands, except per share data) 1999 1998 1997
Operations – years ended December 31
Total revenue $373,186 $342,876 $303,366
Income from operations before
depreciation and amortization 54,091 52,110 54,282
Income from operations 34,666 34,001 38,335
Net income $ 3,876 $ 12,624 $ 16,579
Net income per share – Diluted $.15 $.48 $.66
Dividends per share $.05 $.05 $.05
Balance Sheets – at December 31
Earning assets $192,569 $197,147 $167,838
Total assets 417,623 410,823 340,254
Total debt 202,366 193,974 150,428
Stockholders’ equity 186,940 187,444 167,296
Current ratio 7.5x 7.9x 7.6x
Debt to equity ratio 108.3% 103.5% 89.9%
Common shares outstanding (a) 25,226,382 25,159,875 24,435,881
(a) Includes 46,388 shares, 38,929 shares, and 13,236 shares in 1999, 1998, and 1997, respectively, held in the Company’s
Nonqualified Savings Plan.
Contents
Financial Highlights
Cash America International, Inc. is a diversified
specialty finance company serving the needs of the
non-banking segment of the population. Cash America
is the market leader in secured non-recourse lending to
individuals, commonly known as pawn loans.
As of December 31, 1999, the Company’s lending
operations consisted of 477 pawnshops worldwide,
with 424 locations in the United States, 42 in the
United Kingdom and 11 in Sweden. Cash America
also provides check cashing services and rental pro-
grams. Check cashing services are provided through
137 company-owned and franchised Mr. Payroll check
cashing centers in 19 states and rental programs are
offered through 39 Rent-A-Tire locations in Texas.
Cash America common shares are listed on the
New York Stock Exchange under the symbol “PWN”.
Cash America International
1600 West 7th Street
Fort Worth, Texas 76102-2599