Cash America 2009 Annual Report Download - page 145

Download and view the complete annual report

Please find page 145 of the 2009 Cash America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 178

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
117
Year Ended December 31, 2007
Domestic
Foreign
Total Pawn
Lending
Revenue
Finance and service charges $ 160,960 $ - $ 160,960
Proceeds from disposition of merchandise 396,821 - 396,821
Cash advance fees 42,018 - 42,018
Check cashing fees, royalties and other 3,268 - 3,268
Total revenue 603,067 - 603,067
Cost of revenue – disposed merchandise 246,792 - 246,792
Net revenue 356,275 - 356,275
Expenses
Operations 198,526 - 198,526
Cash advance loss provision 14,985 - 14,985
Administration 26,988 - 26,988
Depreciation and amortization 20,750 - 20,750
Total expenses 261,249 - 261,249
Income from operations $ 95,026 $ - $ 95,026
As of December 31, 2007
Total Assets $ 593,514 $ - $ 593,514
3) The Cash Advance segment is composed of three channels - a multi-unit “storefront” platform, an online, internet based lending
platform, and a card services business. The following table summarizes the results from each channel’s contributions to the cash
advance segment for the years ended December 31, 2009, 2008 and 2007:
Internet Card Total Cash
Year Ended December 31, 2009 Storefront Lending Services Advance
Revenue
Finance and service charges $745 $ - $ - $ 745
Proceeds from disposition of merchandise 14,334 - - 14,334
Cash advance fees 86,577 241,268 12,591 (5) 340,436
Check cashing fees, royalties and other 6,752 1,109 9 7,870
Total revenue 108,408 242,377 12,600 363,385
Cost of revenue – disposed merchandise 9,079 - - 9,079
Net revenue 99,329 242,377 12,600 354,306
Expenses
Operations 58,961 60,251 3,329 122,541
Cash advance loss provision 14,533 104,454 4,720 123,707
Administration 9,042 34,629 575 44,246
Depreciation and amortization 5,246 6,718 579 12,543
Total expenses 87,782 206,052 9,203 303,037
Income (loss) from operations $ 11,547 $ 36,325 $ 3,397 $ 51,269
As of December 31, 2009
Total assets $ 106,267 $ 338,218 $ 37,287 $ 481,772