Cash America 2007 Annual Report Download - page 77
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57
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
December 31,
2007 2006
Assets
Current assets:
Cash and cash equivalents.................................................................................... $ 22,725 $ 25,723
Pawn loans ........................................................................................................... 137,319 127,384
Cash advances, net ............................................................................................... 88,148 79,975
Merchandise held for disposition, net .................................................................. 98,134 87,060
Finance and service charges receivable................................................................ 26,963 25,377
Other receivables and prepaid expenses............................................................... 16,292 16,128
Deferred tax assets ............................................................................................... 20,204 16,324
Total current assets ........................................................................................... 409,785 377,971
Property and equipment, net .................................................................................... 161,676 119,261
Goodwill .................................................................................................................. 306,221 238,499
Intangible assets, net ................................................................................................ 23,484 27,477
Other assets.............................................................................................................. 3,478 13,036
Total assets ....................................................................................................... $ 904,644 $ 776,244
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses.............................................................. $ 87,399 $ 91,217
Customer deposits ................................................................................................ 7,856 7,464
Income taxes currently payable ............................................................................ 3,755 2,691
Current portion of long-term debt ........................................................................ 8,500 16,786
Total current liabilities...................................................................................... 107,510 118,158
Deferred tax liabilities.............................................................................................. 18,584 12,770
Other liabilities ........................................................................................................ 1,671 1,625
Long-term debt ........................................................................................................ 280,277 202,963
Total liabilities...................................................................................................... 408,042 335,516
Commitments and contingencies (Note 10)
Stockholders’ equity:
Common stock, $.10 par value per share, 80,000,000 shares authorized,
30,235,164 shares issued ..................................................................................
3,024 3,024
Additional paid-in capital ..................................................................................... 163,581 161,683
Retained earnings ................................................................................................. 363,180 287,962
Accumulated other comprehensive income.......................................................... 16 20
Notes receivable secured by common stock......................................................... í (18)
Treasury shares, at cost (1,136,203 shares and 565,840 shares at December 31,
2007 and 2006, respectively) ............................................................................
(33,199) (11,943)
Total stockholders’ equity ............................................................................. 496,602 440,728
Total liabilities and stockholders’ equity....................................................... $ 904,644 $ 776,244
See notes to consolidated financial statements.