Cash America 2009 Annual Report Download - page 90

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62
The following table shows the Company’s loss experience by quarter for 2008 and 2007:
2008
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Fiscal
Year
Combined cash advance loss provision as a % of
combined cash advances written (a)(b) 5.5% 6.5% 7.6% 7.3% 6.8%
Charge-offs (net of recoveries) as a % of combined cash
advances written (a)(b) 6.5% 5.2% 8.1% 8.0% 7.0%
Combined cash advance loss provision as a % of cash
advance fees (a)(b) 31.8% 37.4% 42.5% 42.1% 38.6%
Combined cash advances and fees receivable, gross (a)(b) $124,463 $145,653 $143,351 $140,527 $140,527
Combined allowance for losses on cash advances 22,803 29,710 27,258 23,630 23,630
Combined cash advances and fees receivable, net (a)(b) $101,660 $115,943 $116,093 $116,897 $116,897
Combined allowance for losses and accrued third-party
lender losses as a % of combined gross portfolio (a)(b)
18.3%
20.4% 19.0% 16.8% 16.8%
2007
First
Quarter
Second
Quarter
Third
Quarter
Forth
Quarter
Fiscal
Year
Combined cash advance loss provision as a % of
combined cash advances written (a)(b) 7.4% 8.4% 8.1%
6.8% 7.7%
Charge-offs (net of recoveries) as a % of combined cash
advances written (a)(b) 6.5% 6.5% 8.3%
7.8% 7.3%
Combined cash advance loss provision as a % of cash
advance fees (a)(b) 41.7% 48.7% 45.7%
38.8% 43.7%
Combined cash advances and fees receivable, gross (a)(b) $115,547 $139,576 $144,779 $148,404 $148,404
Combined allowance for losses on cash advances 24,394 33,996 32,757 27,504 27,504
Combined cash advances and fees receivable, net (a)(b) $91,153 $105,580 $112,022 $120,900 $120,900
Combined allowance for losses and accrued third-party
lender losses as a % of combined gross portfolio (a)(b) 21.1%
24.4%
22.6% 18.5% 18.5%
(a)C
C
c
c
Non-GAAP presentation. Management evaluates the cash advance portfolio on an aggregate basis including its evaluation of the loss
provision for the Company-owned portfolio and the third-party lender-owned portfolio that the Company guarantees. The non-GAAP
financial measure is provided immediately following its most comparable GAAP amount and can be reconciled to its most comparable
GAAP amount through the presentation of the financial information above.
a
a
a
a
(b)C
C
c
c
Includes (i) cash advances written by the Company, and (ii) cash advances written by third-party lenders that were marketed, processed, or
arranged by the Company on behalf of the third-party lenders, all at the Company’s pawn lending and cash advance storefront locations
and through the Company’s internet and card services channels. (Note: The Company commenced business in the card services channel in
the third quarter of 2008.)
a
a
a
a