Cash America 2000 Annual Report Download - page 3

1
Letter to Share h o l d e r s . . . . . . . . . . . . . . . . .2
B u s i n e s s / I n d u s t ry Inform a t i o n . . . . . . . . . . .4
M a n a g e m e n t ’s Discussion and
Analysis of Results of Operations
and Financial Condition . . . . . . . . . . . . .1 2
Consolidated Financial Statements . . . . . .1 8
Notes to Consolidated
Financial Statements . . . . . . . . . . . . . . . .2 2
R e p o rt of Independent Accountants . . . . .3 1
Income Statement Quarterly Data . . . . . .3 1
Five Year Summary of
Selected Financial Data . . . . . . . . . . . . . .3 2
Common Stock Data . . . . . . . . . . . . . . . .3 2
Corporate Inform a t i o n . . .Inside Back Cover
Contents
Financial Highlights
Financial Highlights
Lending Locations As of December 31,
DOMESTIC 2000 1999 1998 1997 1996
Texas 178 179 177 144 145
Florida 62 61 60 58 51
Tennessee 28 28 28 22 21
Georgia 21 21 22 21 21
Oklahoma 21 21 21 17 17
Louisiana 20 20 20 19 16
Missouri 16 16 16 16 14
Indiana 16 16 14 14 14
North Carolina 11 11 11 10 9
Alabama 9 10 10 9 8
Kentucky 9 9 9 9 9
Illinois 8 7 5
South Carolina 7 7 8 7 7
Utah 7 7 7 5
Ohio 6 6 6 1 1
Colorado 5 5 5 1 1
Kansas 1
Nebraska 1
Total Domestic 426 424 419 353 334
INTERNATIONAL
United Kingdom 42 42 39 38 37
Sweden 11 11 11 11 11
Total Foreign 53 53 50 49 48
Total Lending Locations 479 477 469 402 382
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 secure d
n o n - recourse lending to individuals, commonly
known as pawn loans.
The Company operated 479 pawnshops world-
wide as of December 31, 2000, consisting of 426
locations in the United States, 42 in the United
Kingdom and 11 in Sweden. Cash America also
p rovides check cashing services and rental
p ro g r a m s .
Cash America common shares are listed on the
New York Stock Exchange under the symbol
“ P W N ” .
Serving customers in clean, well
lit and professionally merchan-
dised stores is Cash America’s
business.
(Dollars in thousands, except per share data)
2000 1999 1998
Operations – years ended December 31
Total revenue $363,714 $373,148 $340,981
Income from operations before
depreciation and amortization 44,078 54,091 52,110
Income from operations 26,007 34,666 34,001
Net income excluding unusual items (a) 7,463 12,869 12,676
Net income (loss) $ (1,730) $ 3,876 $ 12,624
Net income (loss) per share – Diluted $(0.07) $.15 $.48
Dividends per share $.05 $.05 $.05
Balance Sheets – at December 31
Earning assets $181,218 $192,569 $197,147
Total assets 378,233 417,623 410,823
Total debt 170,464 202,366 193,974
Stockholders’ equity 178,458 186,940 187,444
Current ratio 6.9x 7.5x 7.9x
Debt to equity ratio 95.5% 108.3% 103.5%
Common shares outstanding (b) 24,717,457 25,226,382 25,159,875
(a) Excludes the gains from issuances of subsidiary’s stock, gains from disposals of assets, equity in losses of unconsolidated
subsidiaries, and their related income tax effects.
(b) Includes 59,611 shares, 46,388 shares, and 38,929 shares in 2000, 1999, and 1998, respectively, held in the Company’s
Nonqualified Savings Plan.