Cash America 2009 Annual Report Download - page 67

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39
RESULTS OF CONTINUING OPERATIONS
The following table sets forth the components of the consolidated statements of income as a
percentage of total revenue for the periods indicated.
Year Ended December 31,
2009 2008 2007
Revenue
Finance and service charges 20.6 % 17.9 % 17.3 %
Proceeds from disposition of merchandise 44.9 45.2 42.7
Cash advance fees 33.2 35.4 38.2
Check cashing fees, royalties and other 1.3 1.5 1.8
Total Revenue 100.0 100.0 100.0
Cost of Revenue
Disposed merchandise 28.9 28.7 26.6
Net Revenue 71.1 71.3 73.4
Expenses
Operations 32.1 32.1 33.2
Cash advance loss provision 11.7 13.7 16.7
Administration 7.8 7.3 5.7
Depreciation and amortization 3.8 3.8 3.5
Total Expenses 55.4 56.9 59.1
Income from Operations 15.7 14.4 14.3
Interest expense (1.9) (1.6) (1.7)
Interest income - 0.1 0.1
Foreign currency transaction gain (loss) - - -
Gain on sale of foreign notes - - 0.7
Income before Income Taxes 13.8 12.9 13.4
Provision for income taxes 5.1 5.0 4.9
Net Income 8.7 7.9 8.5
Less: Net income attributable to the noncontrolling interest (0.1) - -
Net Income Attributable to Cash America International, Inc. 8.6 % 7.9 % 8.5 %