Cash America 2008 Annual Report Download - page 89

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66
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
December 31,
2008 2007
Assets
Current assets:
Cash and cash equivalents..................................................................................... $ 30,005 $ 22,725
Pawn loans ............................................................................................................ 168,747 137,319
Cash advances, net ................................................................................................ 83,850 88,148
Merchandise held for disposition, net ................................................................... 109,493 98,134
Finance and service charges receivable................................................................. 33,063 26,963
Income taxes receivable ........................................................................................ 2,606 ––
Other receivables and prepaid expenses................................................................ 15,480 16,292
Deferred tax assets ................................................................................................ 22,037 20,204
Total current assets ............................................................................................ 465,281 409,785
Property and equipment, net ..................................................................................... 185,887 161,676
Goodwill ................................................................................................................... 494,192 306,221
Intangible assets, net................................................................................................. 35,428 23,484
Other assets............................................................................................................... 5,722 3,478
Total assets ........................................................................................................ $ 1,186,510 $ 904,644
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses............................................................... $ 126,823 $ 87,399
Customer deposits ................................................................................................. 8,814 7,856
Income taxes currently payable............................................................................. –– 3,755
Current portion of long-term debt ......................................................................... 15,810 8,500
Total current liabilities....................................................................................... 151,447 107,510
Deferred tax liabilities .............................................................................................. 27,575 18,584
Other liabilities ......................................................................................................... 5,409 1,671
Long-term debt ......................................................................................................... 422,344 280,277
Total liabilities ...................................................................................................... 606,775 408,042
Commitments and contingencies (Note 10)
Minority interest……………………………………………………………………. 4,694 ––
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 ...................................................................................... 160,007 163,581
Retained earnings .................................................................................................. 440,252 363,180
Accumulated other comprehensive (loss) income................................................. (3,964) 16
Treasury shares, at cost (818,772 shares and 1,136,203 shares at December 31,
2008 and 2007, respectively) .............................................................................
(24,278) (33,199)
Total stockholders’ equity .............................................................................. 575,041 496,602
Total liabilities and stockholders’ equity........................................................ $ 1,186,510 $ 904,644
See notes to consolidated financial statements.