Cash America 2008 Annual Report Download - page 119

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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
96
Information concerning the operating segments is set forth below (in thousands):
Year Ended December 31, 2008:
Pawn
Lending
Cash
Advance(2)
Check
Cashing Consolidated
Revenue
Finance and service charges ........................... $ 184,995 $ ʊ $ ʊ $ 184,995
Proceeds from disposition of merchandise ..... 464,868 787 ʊ 465,655
Cash advance fees........................................... 34,840 329,763 ʊ 364,603
Check cashing fees, royalties and other.......... 3,743 8,410 3,388 15,541
Total revenue...................................................... 688,446 338,960 3,388 1,030,794
Cost of revenue – disposed merchandise............ 294,825 535 ʊ 295,360
Net revenue ........................................................ 393,621 338,425 3,388 735,434
Expenses
Operations....................................................... 212,667 114,404 1,288 328,359
Cash advance loss provision........................... 9,903 130,820 ʊ 140,723
Administration ................................................ 42,589 34,288 1,118 77,995
Depreciation and amortization........................ 23,679 15,733 239 39,651
Total expenses.................................................... 288,838 295,245 2,645 586,728
Income from operations...................................... $ 104,783 $ 43,180 $ 743 $ 148,706
Expenditures for property and equipment(1) ....... $ 43,052 $ 13,918 $ 112 $ 57,082
As of December 31, 2008:
Total assets ......................................................... $ 726,747 $ 453,047 $ 6,716 $1,186,510
Goodwill............................................................. $ 205,009 $ 283,873 $ 5,310 $ 494,192
Year Ended December 31, 2007:
Pawn
Lending
Cash
Advance (2)
Check
Cashing Consolidated
Revenue
Finance and service charges ........................... $ 160,960 $ — $ — $ 160,960
Proceeds from disposition of merchandise ..... 396,821 — — 396,821
Cash advance fees........................................... 42,018 313,178 — 355,196
Check cashing fees, royalties and other.......... 3,268 9,530 3,619 16,417
Total revenue...................................................... 603,067 322,708 3,619 929,394
Cost of revenue – disposed merchandise............ 246,792 — — 246,792
Net revenue ........................................................ 356,275 322,708 3,619 682,602
Expenses
Operations....................................................... 195,926 109,260 1,270 306,456
Cash advance loss provision........................... 14,985 140,253 — 155,238
Administration ................................................ 29,588 24,727 959 55,274
Depreciation and amortization........................ 20,750 10,988 387 32,125
Total expenses.................................................... 261,249 285,228 2,616 549,093
Income from operations...................................... $ 95,026 $ 37,480 $ 1,003 $ 133,509
Expenditures for property and equipment(1) ....... $ 52,559 $ 17,389 $ 149 $ 70,097
As of December 31, 2007:
Total assets ......................................................... $ 593,514 $ 304,170 $ 6,960 $ 904,644
Goodwill............................................................. $ 143,556 $ 157,355 $ 5,310 $ 306,221