Cash America 2010 Annual Report Download - page 97

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See notes to consolidated financial statements.
68
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share data)
Year Ended December 31,
2010 2009 2008
Revenue
Pawn loan fees and service charges $ 253,314 $ 231,178 $ 184,995
Proceeds from disposition of merchandise 534,878 502,736 465,655
Consumer loan fees 490,952 371,856 364,603
Other 14,195 14,620 15,541
Total Revenue 1,293,339 1,120,390 1,030,794
Cost of Revenue
Disposed merchandise 338,756 324,277 295,360
Net Revenue 954,583 796,113 735,434
Expenses
Operations 419,616 360,127 330,744
Consumer loan loss provision 182,394 130,816 140,723
Administration 101,518 87,929 75,610
Depreciation and amortization 43,923 41,589 39,651
Total Expenses 747,451 620,461 586,728
Income from Operations 207,132 175,652 148,706
Interest expense (22,345) (20,807) (15,993)
Interest income 325 29 267
Foreign currency transaction loss (463) (158) (177)
Equity in loss of unconsolidated subsidiary (136) - -
Income before Income Taxes 184,513 154,716 132,803
Provision for income taxes 69,269 56,780 51,617
Net Income 115,244 97,936 81,186
Net loss (income) attributable to the noncontrolling interest 294 (1,258) (46)
Net Income Attributable to Cash America International, Inc. $ 115,538 $ 96,678 $ 81,140
Earnings Per Share:
N
et Income attributable to Cash America International, Inc.
common shareholders:
Basic $ 3.90 $ 3.26 $ 2.77
Diluted $ 3.67 $ 3.17 $ 2.70
Weighted average common shares outstanding:
Basic 29,640 29,639 29,327
Diluted 31,521 30,503 30,092
Dividends declared per common share $ 0.14 $ 0.14 $ 0.14