Cash America 2003 Annual Report Download

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Cash America International, Inc.
2003 Annual Report
BUILDIN G
A
FIN AN CIAL
BRIDG E

Table of contents

  • Page 1
    Cash America International, Inc. 2003 Annual Report B U I L D A I N G F I N B R A I N D C G I E A L

  • Page 2
    ... report, you'll see images of some of the world's most interesting bridges. Large. Small. Old. New . In addition to their utility, these bridges are works of art, tributes to human ingenuity and perseverance. We think the people of Cash America are similarly talented bridge builders. Cash America...

  • Page 3
    1

  • Page 4
    ...Kingdom and Sweden, with 763 total locations as of December 31, 2003. Cash A merica is the largest provider of secured non-recourse (pawn) loans through 474 locations in 17 states and two foreign countries under the brand names Cash A merica Pawn in the U.S., Harvey & T hompson in the United Kingdom...

  • Page 5
    ... Locations DOMEST IC PAWN Texas Florida Tennessee Louisiana Georgia Missouri Oklahoma Indiana Illinois North Carolina Alabama Kentucky Utah South Carolina Ohio Colorado Nebraska Kansas Total Domestic Pawn INT ERNAT IONAL PAWN United Kingdom Sweden Total International Pawn CASH ADVANCE Cashland Cash...

  • Page 6
    ... to add 171 new units in 2003. The August acquisition of Cashland, an Ohio-based consumer finance business, provided 121 of these units. Following the acquisition, Cashland opened 14 additional units offering short-term cash advances, check cashing, money orders and money transfer services. Our...

  • Page 7
    ... this message until all significant markets are open and active. This final challenge will be our most difficult, but potentially most rewarding activity. Each element of our long-term vision for Cash America is exposed to risks and uncertainties, and I encourage you to review those in our filings...

  • Page 8
    .... Cash America is the first company to build a wide network of locations and connect them via advanced computer systems. The Hollywood image of a cigar-smoking pawnbroker trying to determine a loan amount on a customer's watch is an inaccurate one to say the least. Today, Cash America customer...

  • Page 9
    ... are many. They find Cash America to be that important financial bridge between today and their next payday. Nurses, construction workers, bus drivers, teachers - people from all walks of life - have a resource for emergency car repairs, school books, doctor visits, holiday shopping etc., even when...

  • Page 10
    ... and on-the-job training programs at all levels from new store hires to corporate management. Opportunities for career growth are plentiful, and our benefits package continues to be strong and to evolve with the times. BROOKLYN BRIDGE New York, New York Its architectural design, engineering...

  • Page 11
    .... As of year end, Cash America operated 19 locations that offer only cash advance loans. This concept allows the Company to broaden its reach and penetrate markets that are not well-suited for a full-scale pawn lending business. These stores provide Cash America with a new platform for growth, to...

  • Page 12
    ... it began to introduce throughout its pawn-lending locations in 2000. Since its acquisition by Cash America, Cashland has increased its lead as the largest provider of cash advances in Ohio. Another 14 new cash advance locations were added post-transaction in 2003, bringing the total unit count to...

  • Page 13
    ... Mr. Payroll locations in 20 states. Our customers use the service to cash checks and to purchase money orders in easy-to-use kiosks, located mostly in convenience stores. This symbiotic relationship offers store owners a way to bring in more customers with cash in hand, and gives Cash America the...

  • Page 14
    ... Daytona Beach (2) Orlando (14) Tulsa (4) Memphis (20) Oklahoma City (11) Lubbock (3) Nashville (5) Birmingham (4) Tyler (2) El Paso (11) Abilene Dallas/ Fort Worth (35) Waco (2) Baton Rouge (3) Austin (19) San Antonio (19) Houston (43) Shreveport (2) Midland/ Odessa (7) New Orleans (9) Tampa...

  • Page 15
    C A S H A M ERI C A I N TERN A TI O N A L, I N C . TOWER BRIDGE London, United Kingdom When it opened in 1894, about a million grateful people no longer had to line up daily to cross the River Thames via the congested London Bridge. While not ...

  • Page 16
    ... of secured non-recourse lending locations in Scandinavia, including some of the largest shops in terms of loan balances in the WALES Blackpool Newcastle Bradford ENGLAND Liverpool (4) Dudley Walsall Birmingham Coventry London (29) entire Cash America organization. Brighton Gillingham 14

  • Page 17
    ... in Fort Worth, Texas, to our lending locations throughout the United States, the United Kingdom and Sweden, Cash America coworkers executed our strategy with enthusiasm and precision. As we look ahead, the continued expansion of locations, offering new services in existing locations, integration...

  • Page 18
    $500 $50 $400 $40 $300 $30 $200 $20 $100 $10 0 0 $35 $30 $25 $1.20 $1.00 $0.80 $20 $0.60 $15 $0.40 $10 $5 0 $0.20 0.0 10.0% 15% 8.0% 12% 6.0% 9% 4.0% 6% 2.0% 3% 0 0 (a) Returns based on Income from C ontinuing Operations after taxes divided by average total assets or ...

  • Page 19
    ... Operations Hugh A. Simpson Executive Vice President General Counsel and Secretary Other Information Corporate Offices Cash America International Building 1600 West 7th Street Fort Worth, Texas 76102-2599 (817) 335-1100 www.cashamerica.com Investor Relations Information requests should be...