Cash America 2009 Annual Report Download - page 104

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See notes to consolidated financial statements.
76
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data)
Year Ended December 31,
2009 2008 2007
Revenue
Finance and service charges $ 231,178 $ 184,995 $ 160,960
Proceeds from disposition of merchandise 502,736 465,655 396,821
Cash advance fees 371,856 364,603 355,196
Check cashing fees, royalties and other 14,620 15,541 16,417
Total Revenue 1,120,390 1,030,794 929,394
Cost of Revenue
Disposed merchandise 324,277 295,360 246,792
Net Revenue 796,113 735,434 682,602
Expenses
Operations 360,127 330,744 308,982
Cash advance loss provision 130,816 140,723 155,238
Administration 87,929 75,610 52,748
Depreciation and amortization 41,589 39,651 32,125
Total Expenses 620,461 586,728 549,093
Income from Operations 175,652 148,706 133,509
Interest expense (20,807) (15,993) (16,021)
Interest income 29 267 1,041
Foreign currency transaction gain (loss) (158) (177) (24)
Gain on sale of foreign notes - - 6,260
Income before Income Taxes 154,716 132,803 124,765
Provision for income taxes 56,780 51,617 45,419
Net Income 97,936 81,186 79,346
Less: Net income attributable to the noncontrolling interest (1,258) (46) -
Net Income Attributable to Cash America International, Inc. $ 96,678 $ 81,140 $ 79,346
Earnings Per Share:
Net Income attributable to Cash America International, Inc.
common stockholders:
Basic $ 3.26 $ 2.77 $ 2.68
Diluted $ 3.17 $ 2.70 $ 2.61
Weighted average common shares outstanding:
Basic 29,639 29,327 29,643
Diluted 30,503 30,092 30,349
Dividends declared per common share $ 0.14 $ 0.14 $ 0.14