Cash America 2007 Annual Report Download - page 15

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Advances in profits
Our passion for pressing forward and advancing every
level of customer and employee experience reaps
substantial rewards for shareholders. We remain pioneers
in a dynamic, quickly changing industry, and our numbers
tell a compelling story.
Total revenue for
the fiscal year ended
December 31, 2007,
was $929.4 million, up
34 percent from $694.5
million in 2006. Cash
America finished fiscal
year 2007 with a 30-
percent increase in net
income to $79.3 million ($2.61 per share) for the 12-month
period compared to $60.9 million ($2.00 per share) in fiscal
year 2006.
The 30-percent increase follows 36- and 28-percent
increases in fiscal years 2006 and 2005, respectively. Our
total assets have grown from $377.2 million in 2003 to
$904.6 million as of year-end 2007.
Revenue from the sale of merchandise increased 19
percent to $396.8 million in the year ended 2007 compared
to the year ended 2006. Finance and service charges
on pawn loans increased 8% to $161.0 million in 2007
compared to 2006, and cash advance fees increased 82% to
$355.2 million during the same period.
And we’re not finished. We believe that the opportunities
for sustained growth in revenue and earnings are
abundant, directly correlated to customer demand for
pawn loans and short-term cash advances, plus the ability
to sell value-priced merchandise from unredeemed
pawn loans.
History has shown that
the most successful
businesses advance
and evolve to give
people more effective
solutions. That’s Cash
America. We’re going
to keep pressing, keep
advancing, keep expanding. We’ll push the boundaries of
technology, and we’ll recruit dynamic people who want to
make a difference as part of our Company. We invite our
shareholders to be with us for the journey.
As far back as the wheel, technology
has catalyzed economic growth – the
world’s technological advancements in
everything from medicine to computer
science will continue to pave the way for
tomorrow’s economy. And Cash America
is poised to remain an innovator in that
economy by continually evolving as an
industry leader. Technology
Advances
Cash America International, Inc. 13
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The manufacturers of these items do not in any way sponsor or promote Cash America.