Cash America 2002 Annual Report Download - page 3

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(Dollars in thousands, except per share data) 2002 2001 2000
Operations –years ended December 31 (a)
Total revenue $ 387,843 $ 355,929 $ 346,360
Income from operations before
depreciation and amortization 52,999 47,234 46,073
Income from operations 38,040 30,605 29,715
Income from continuing operations (b) $18,509 $ 12,725 $ 701
Income from continuing operations per share – Diluted $ 0.75 $ 0.51 $ 0.03
Net income (loss) (b) $19,309)$ (5,906) $ (1,730)
Net income (loss) per share – Diluted $ 0.78)$ (0.24) $ (0.07)
Dividends per share $ 0.05 $ 0.05 $ 0.05
Balance Sheets –at December 31
Earning assets $ 181,832 $ 179,982 $ 176,799
Total assets 376,478 382,890 378,233
Total debt 148,702 171,782 170,464
Stockholders’ equity 192,335 168,431 178,458
Other Information –
Current ratio 5.1x 4.5x 6.9x
Debt to equity ratio 77.3% 102.0% 95.5%
Return on assets (c) 5.0% 3.4% 0.2%
Return on equity (c) 10.4% 7.4% 0.4%
Net book value per common share outstanding $7.89 $ 6.83 $ 7.22
Number of shares outstanding (d) 24,362,190 24,662,315 24,717,457
(a) In September 2001, the Company announced plans to exit the rent-to-own business. The amounts for the years 2000 and 2001 are restated to reflect
this business as discontinued operations.
(b) See “Management’s Discussion and Analysis of Results of Operations and Financial Condition” for amounts related to gains from disposals of assets,
equity in losses of unconsolidated subsidiaries and other items for the years 2000 through 2002.
(c) Returns based on Income from Continuing Operations after taxes divided by average total assets and average total equity of the Company.
(d) Includes 66,820 shares, 70,469 shares, and 59,611 shares in 2002, 2001, and 2000, respectively, held in the Company’s Nonqualified Savings Plan.
Lending Locations As of December 31,
DOMESTIC 2002 2001 2000 1999 1998
Texas 171 174 178 179 177
Florida 62 62 62 61 60
Tennessee 27 28 28 28 28
Louisiana 20 20 20 20 20
Georgia 19 20 21 21 22
Missouri 16 16 16 16 16
Oklahoma 15 17 21 21 21
Indiana 13 13 16 16 14
Illinois 12 11 8 7 5
North Carolina 10 10 11 11 11
Alabama 9 9 9 10 10
Kentucky 9 9 9 9 9
South Carolina 6 7 7 7 8
Utah 6 7 7 7 7
Ohio 6 6 6 6 6
Colorado 5 5 5 5 5
Kansas 2 2 1
Nebraska 1 1 1
Total Domestic 409 417 426 424 419
INTERNATIONAL
United Kingdom 48 45 42 42 39
Sweden 11 11 11 11 11
Total Foreign 59 56 53 53 50
Total Lending
Locations 468 473 479 477 469
Financial Highlights
Letter to Shareholders . . . . . . . . . . . . . . . . . 2
Business/Industry Information . . . . . . . . . . . 4
Management’s Discussion and
Analysis of Results of Operations
and Financial Condition . . . . . . . . . . . . . . 12
Consolidated Financial Statements . . . . . . 22
Notes to Consolidated
Financial Statements . . . . . . . . . . . . . . . . . 26
Report of Independent Accountants . . . . . 39
Five Year Summary of
Selected Financial Data . . . . . . . . . . . . . . 40
Common Stock Data . . . . . . . . . . . . . . . . 40
Corporate Information . . . Inside Back Cover
Contents
Cash America International, Inc.