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Cash America International, Inc.
2011 Annual Report
Committed to
excellence through
teamwork

Table of contents

  • Page 1
    Cash America International, Inc. 2011 Annual Report excellence through teamwork Committed to

  • Page 2
    ... companies with the best individual players aren't the most successful - the teams that work best together achieve the most. And like reliable teammates, we offer financial products and services that support our customers as they pursue excellence. This year's annual report highlights Cash America...

  • Page 3
    Committed to h

  • Page 4
    ... e m _ R o y & J e a n n e tt e C r o sb y w w w .y o er ic a ut ub e. co m /c as ha m stay on the path "I was just mo at the pawnsho helped me out. not necessarily the money, the good to be ab _ Mich w w w .y o

  • Page 5
    it's not mine, like my own little bank. I know at when I go in that's how I feel. I feel th the needs that e, they are going to see to me yet." d ile fa t n' ve ha ey th d an , ve _ Zenas Mitchell www.youtube.com/cashame rica STOMERS h to SUCCESS a s h a m e ri c a the people h it w le b ta or f ...

  • Page 6
    ...," "Cash America Payday Advance" and "Cashland," and 190 pawn lending locations, of which the Company is a majority owner, operating in 21 states in central and southern Mexico under the name "Prenda Fácil." Additionally, as of December 31, 2011, the Company offered consumer loans over the Internet...

  • Page 7
    CASH AMErICA INTErNATIoNAl, INC. Financial Highlights (Dollars in thousands, except share data) 2011 2010 2009 oPERATIoNs - years ended December 31 Total revenue Income from operations before depreciation and amortization Income from operations Net income attributable to Cash America International...

  • Page 8
    ... from customers. In 2011, we were successful in disposing of merchandise at a yield of 157% of the amount we had invested, which is either the loan amount or the purchase price. Our disposition activity consists of both retail sales (in store and online) and commercial sales of scrap gold and...

  • Page 9
    ... customers. The contraction of conventional consumer credit and the expanding universe of those needing short-term financial help is not a new phenomenon. The retreat of conventional lenders from the small, short-term loan market has been under way for decades and is what has provided Cash America...

  • Page 10
    4

  • Page 11
    ... the first company to raise capital, including public equity, to build a chain of pawn lending locations; the first to develop formal training systems for our employees; and the first to network stores with a centralized customer database. We also created a centralized jewelry-processing center, and...

  • Page 12
    6

  • Page 13
    ... our benefits to allow our valued employees to enjoy long-term, successful careers. Cash America store associates are given the opportunity to complete online continuing education courses each year and attend appropriate training each quarter as new products and services debut in our locations. Our...

  • Page 14
    8

  • Page 15
    ... 2011 by posting strong growth in both our secured and unsecured loan products as macro-economic factors contributed to greater consumer demand for short-term credit. Both segments of our business - Retail Services and E-Commerce - experienced increased loan demand, and geographically, our U.S. pawn...

  • Page 16
    10

  • Page 17
    ... Retail Services segments, made almost 100,000 installment loans totaling nearly $128 million of credit extended. In 2011, Cash America's board of directors unanimously approved a plan to offer shares of Enova's common stock in an initial public offering (IPO) pursuant to a Registration Statement on...

  • Page 18
    12

  • Page 19
    ... value. The customer may return and pay the loan balance, fees and service charges to reclaim the item at any point during the loan period - or the customer may choose to transfer the property as payment in full, with no negative effects on personal credit scores. Cash America offers pawn loans...

  • Page 20
    ...in our stores. Our unsecured consumer loan Composition of Net Revenue, Net of Loan Loss Expense (12 months ended December 31, 2011) U.S. Pawn Only Collateral/Merchandise Mix (as of December 31, 2011) Pawn Service Charges 32% Profit on Merchandise 26% Net Consumer Loan Fees 41% Check Cashing/Other...

  • Page 21
    ... and prepaid debit cards. In recent years, the addition of gold-buying and other ancillary services to our storefront consumer loan locations has given our customers even more financial options. Cash America's introduction of additional installment loan products and multi-month auto equity loans 15

  • Page 22
    CASH AMErICA INTErNATIoNAl, INC. 16

  • Page 23
    ... the change of our point of sale system to further this goal. Prenda Fácil added 11 locations in Mexico during 2011. This conversion $400 $1,000 $200 $2,000 $600 $1,500 $800 $2,500 $1,000 $3,000 of locations, combined with Cash America's approach to quality customer service, opens more options for...

  • Page 24
    18

  • Page 25
    ...Fort Worth International Airport. For many years, Cash America has remained committed to the Juvenile Diabetes Research Foundation. In 2011, we raised more than $420,000 for diabetes research worldwide, with fundraising initiatives at the corporate and store levels. In fact, during 2011 Cash America...

  • Page 26
    .... Cash America Market Coverage Cash America Pawn, SuperPawn, Maxit, Pawn X-Change, Prenda Fácil, CashNetUSA, Quick Quid, Dollars Direct, Cashland and Cash America Payday Advance locations and market coverage as of December 31. Retail lending locations As of December 31 uNITED sTATEs ...2011 Texas...

  • Page 27
    ...; The Consumer Gravitates to the Best Deal $60 $58 Fee $50 $40 $37 Fee $30 $29 Fee $20 $10 $0 $100 Payday Advance overdraft Protection Fee on $100 Transaction Credit Card late Fee on $100 Bill Bounced Check + NSF Merchant Fee on $100 Transaction $15 Fee Source: Community Financial Services...

  • Page 28
    ... Statement becomes effective. The information contained in this Annual Report with respect to the Enova IPO shall not constitute an offer to sell or a solicitation of an offer to buy these securities. $500 $400 $300 $200 Consumer Loans Online Lending* Consumer Loans Retail Services* Pawn Loans...

  • Page 29
    ... No.) (Address of principal executive offices) 1600 West 7th Street Fort Worth, Texas 76102 - 2599 (Zip Code) Registrant's telephone number, including area code: (817) 335-1100 Securities Registered Pursuant to Section 12(b) of the Act: Title of Each Class Common Stock, $.10 par value per share...

  • Page 30
    ... ...127 Item 9A. Controls and Procedures ...127 Item 9B. Other Information ...129 PART III Item 10. Directors, Executive Officers and Corporate Governance ...130 Item 11. Executive Compensation ...130 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder...

  • Page 31
    ...to open new locations in accordance with plans or to successfully integrate newly acquired businesses into the Company's operations, x interest rate and foreign currency exchange rate fluctuations, x the effect of any current or future litigation proceedings and any judicial decisions or rule-making...

  • Page 32
    ... providing specialty financial services to its customers for over 25 years. The Company believes it was the nation's largest provider of pawn loans and the largest operator of pawn shops in the world in 2011. As used in this report, the term "Company" includes Cash America International, Inc. and...

  • Page 33
    ... 16 states in the United States, respectively. (b) (c) E-Commerce Segment As of December 31, 2011, the Company's e-commerce operating segment offers consumer loans to customers over the Internet: x x x x in 32 states in the United States at http://www.cashnetusa.com, in the United Kingdom at http...

  • Page 34
    ... applicable licensing and regulatory approvals; however, the Company assumed the economic benefits of these pawnshops by operating them under a management arrangement that commenced on November 30, 2011. Pawn Partners operated a seven-store chain of pawn lending locations as franchised Cash America...

  • Page 35
    ... Company must follow the Irresponsible Lending Guidance of the Office of Fair Trading (the "OFT"). In October 2011, the OFT issued new debt collection guidance that could restrict the number of times and the amounts that short-term consumer lenders such as the Company are allowed to debit a customer...

  • Page 36
    ..., as required by applicable laws, the amounts of these charges are disclosed to the customer on the pawn ticket. These pawn loan fees and service charges contributed approximately 18.9% of the Company's total revenue in 2011, 19.6% in 2010 and 20.6% in 2009. In the Company's pawn lending operations...

  • Page 37
    ... a required payment, the item is returned to merchandise held for disposition. The layaway fee is recognized as revenue, and any amounts previously paid toward the item are returned to the customer as store credit. Consumer Loan Activities. In addition to pawn loans, the Company's retail services...

  • Page 38
    ... payment through a payment plan or a promise to pay, through a schedule of periodic payments which typically range from 28 days to 180 days (subject to state guidelines) with no additional fees or charges on the loan amount. Collection activities are an important aspect of the consumer loan product...

  • Page 39
    ... services through its retail services locations and through its Mr. Payroll subsidiary. Other financial services include the sale of stored-value cards, money orders and money transfers, among others. When the Company provides a check cashing service to its customers, it charges check cashing fees...

  • Page 40
    ... An executive leadership management team composed of the Chief Executive Officer, the President of the Retail Services Division, the President of the E-Commerce Division, the Chief Financial Officer and the General Counsel of the Company, together with the advice of the Company's Board of Directors...

  • Page 41
    ... closed Retail services locations at end of period(a) (a) 950 8 20 (5) 973 913 44 40 (47) 950 846 3 69 (5) 913 As of December 31, 2011, 2010 and 2009, excludes six consolidated Company-owned check cashing locations. When considering acquiring an existing lending location, the Company evaluates...

  • Page 42
    ... protection, returned check fees and late charges on bills, in the absence of alternatives such as the consumer loan products. Consistent with the goal of providing additional services in these markets, in late 2008 and early 2009, the Company began providing gold buying services and pawn lending in...

  • Page 43
    ... short-term credit or cash while providing an opportunity for increased revenue and earnings. The Company plans to continue its efforts to develop and deliver ancillary financial products to its diverse and growing customer base. The Company also acquired its MLOC business in 2008, which is operated...

  • Page 44
    ...-term consumer loan lenders that offer loans online or in storefronts are also a significant source of competition in most of the markets where the Company offers consumer loans online or in storefronts, including Advance America, Ace Cash Express, Check 'n Go, Dollar Financial and Check Into Cash...

  • Page 45
    ... service charges and interest rates that a pawn lending location may charge, the maximum amount of a pawn loan, the minimum and/or maximum term of a pawn loan, the content and format of the pawn ticket, and the length of time after a loan default that a pawn lending location must hold a pawned item...

  • Page 46
    ... loan product in that state and must file periodic written reports regarding business operations and undergo comprehensive examinations or audits from time to time to assess its compliance with applicable laws and regulations. Some states require consumer loan lenders to report their customers...

  • Page 47
    ... general, the regulations require lenders to be licensed, set maximum fees and regulate collection practices. Industry Best Practices In addition to the federal, state and local regulatory requirements applicable to consumer loan products, the Company, as a member of the Community Financial Services...

  • Page 48
    ..., or harassment to collect accounts. Check Cashing Regulations The Company offers check cashing services at its Mr. Payroll branded check cashing facilities and at many of its pawn lending locations and consumer loan storefront locations. Some states require check cashing companies to meet minimum...

  • Page 49
    ...which the Company must maintain an antimoney laundering compliance program covering certain of its business activities. The program must include: (1) the development of internal policies, procedures, and controls; (2) designation of a compliance officer; (3) an ongoing employee training program; and...

  • Page 50
    ... its operations are conducted in material compliance with all federal, state and local laws and ordinances applicable to its business. Company and Website Information The Company's principal executive offices are located at 1600 West 7th Street, Fort Worth, Texas 76102-2599, and its telephone number...

  • Page 51
    ...Chief Financial Officer President - E-Commerce Division President - Retail Services Division Executive Vice President - General Counsel and Secretary Daniel R. Feehan has been Chief Executive Officer and President since February 2000. He served as the Company's President and Chief Operating Officer...

  • Page 52
    ...Company's business, prospects, financial condition, results of operations and cash flows. Risks Related to the Company's Business and Industry Adverse changes in laws or regulations affecting the Company's products and services could negatively impact the Company's operations. The Company's products...

  • Page 53
    ... increasing. Actions taken in the future by local governing bodies to require special use permits for, or impose other restrictions on consumer lending or short-term lenders could have a material adverse effect on the Company's business, prospects, results of operations and financial condition and...

  • Page 54
    ... authority to regulate fees or interest rates, it is possible that at some time in the future the CFPB could propose and adopt rules making short-term consumer lending products and services materially less profitable or even impractical to offer, which could force the Company to modify or terminate...

  • Page 55
    ...the Company's pawn loans are secured by gold jewelry. The Company's pawn service charges, sales proceeds and ability to dispose of excess jewelry inventory at an acceptable margin depend on the value of gold. A significant decline in gold prices could result in decreases in merchandise sales margins...

  • Page 56
    ... to its core lending and merchandise disposition operations. Its principal competitors are other pawnshops, consumer loan companies, credit service organizations, online lenders, consumer finance companies and other financial institutions that serve the Company's primary customer base. Many...

  • Page 57
    ..., and a key component of the Company's future strategy is to continue to pursue attractive acquisition opportunities in order to expand its product and service offerings and markets and grow its business in response to changing customer demands, regulatory environments, technologies and competitive...

  • Page 58
    ...demand and resale value of pre-owned merchandise and reduce the amount that the Company could effectively lend on an item of collateral. Such reductions could adversely affect pawn loan balances, pawn loan redemption rates, inventory balances, inventory mixes and gross profit margins. Changes in the...

  • Page 59
    ... services segment and $0.2 million related to the e-commerce segment. Accounting for intangible assets requires significant management estimates and judgment. Events may occur in the future and the Company may not realize the value of these intangible assets. Management performs periodic reviews...

  • Page 60
    ... effect on the Company's business, prospects, results of operations and financial condition. The Company has been and is currently subject to lawsuits (including purported class actions) that could cause it to incur substantial expenditures and generate adverse publicity. The Company is also likely...

  • Page 61
    ... other business systems. The Company's business, particularly its online lending business, depends highly upon its employees' ability to perform, in an efficient and uninterrupted fashion, necessary business functions, such as internet support, call centers, and processing and making consumer loans...

  • Page 62
    ... historical financial reporting. Adverse real estate market fluctuations could affect the Company's profits. The Company leases most of its locations. A significant rise in real estate prices or real property taxes could result in an increase in store lease costs as the Company opens new locations...

  • Page 63
    ... 2011 in the twelve-month period ended December 31, 2011. The Company's stock price is likely to continue to be volatile and subject to significant price and volume fluctuations in response to market and other factors, including the other factors discussed in "Risks Related to the Company's Business...

  • Page 64
    ... services locations. The Company's headquarters that serve both the retail services and e-commerce segments, which the Company also owns, are located in a nine-story office building adjacent to downtown Fort Worth, Texas. In addition, the Company has other corporate locations in Fort Worth, Texas...

  • Page 65
    ... First National Bank of Brookings, South Dakota ("FNB") and Community State Bank of Milbank, South Dakota ("CSB") for some time made loans to Georgia residents through Cash America's Georgia operating locations. The complaint in this lawsuit claims that Cash America was the true lender with respect...

  • Page 66
    ... class action claim, and named Cash America International, Inc., Cash America Net Holdings, LLC, Cash America Net of Texas, LLC and Enova Financial Holdings, LLC as additional defendants (and corrected the name of the previously-named defendant to Cash America Net of Illinois, LLC) (collectively...

  • Page 67
    ... the Company's common stock, par value $0.10 per share, is traded under the symbol "CSH". There were 571 shareholders of record (not including individual participants in security listings) as of February 15, 2012. The high and low sales prices of common stock as quoted on the New York Stock Exchange...

  • Page 68
    ... purchased on the open market relating to compensation deferred by a director under the Cash America aInternational, Inc. 2004 Long-Term Incentive Plan, as amended, and dividends reinvested in shares of the Company's common astock in the Company's Non-Qualified Deferred Compensation Plan of 27, 23...

  • Page 69
    ... Selected Consolidated Financial Data (dollars in thousands, except per share data) Year Ended December 31, 2010 2009 2008 2011 Statement of Income Data (a) Total revenue Income from operations Income before income taxes (b) Net income attributable to Cash America International, Inc. (b) Net income...

  • Page 70
    ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. GENERAL Cash America International, Inc. and its subsidiaries (collectively, the "Company") provides specialty financial services to individuals through retail services locations and through electronic ...

  • Page 71
    ... services segment offering pawn lending, consumer lending, and other services as of December 31, 2011, 2010 and 2009. The Company's domestic retail services locations operate under the names "Cash America Pawn," "SuperPawn," "Cash America Payday Advance," "Cashland," "Pawn X-Change" and "Mr. Payroll...

  • Page 72
    ... applicable licensing and regulatory approvals; however, the Company assumed the economic benefits of these pawnshops by operating them under a management arrangement that commenced on November 30, 2011. Pawn Partners operated a seven-store chain of pawn lending locations as franchised Cash America...

  • Page 73
    ... personal property. Pawn loan fees and service charges revenue are accrued ratably over the term of the loan for the portion of those pawn loans deemed collectible. The typical loan term is generally 30 to 90 days plus, in many cases, an additional grace period (typically 10 to 60 days). A pawn loan...

  • Page 74
    ... service charge revenue. Merchandise held for disposition. In the Company's domestic operations, merchandise held for disposition consists primarily of forfeited collateral from pawn loans not repaid and merchandise that is purchased directly from third parties or from customers. The carrying value...

  • Page 75
    ...$14.0 million, net of taxes, for 2011, assuming the same volume of consumer loans written in 2011. Income taxes. As part of the process of preparing its consolidated financial statements, the Company is required to estimate income taxes in each of the jurisdictions in which it operates. This process...

  • Page 76
    ... Company's projections of financial performance for a five-year period and includes assumptions about future revenue growth rates, operating margins and terminal growth rates which vary among reporting units. The market approach establishes fair value by applying cash flow multiples to the reporting...

  • Page 77
    ... loss recognized in net income in the period the other-than-temporary-impairment is identified. Marketable and non-marketable equity securities are held in "Other assets" in the consolidated balance sheets. RECENT ACCOUNTING PRONOUNCEMENTS See "Item 8. Financial Statements and Supplementary Data...

  • Page 78
    ... growth and from locations acquired in 2010 and 2011. Consumer loan fees, net of consumer loan loss provision, increased 20.9%, or $64.4 million, in 2011 compared to 2010, primarily due to growth in the e-commerce segment from lending in the foreign markets in which the Company operates and, to...

  • Page 79
    ..., LLC ("Maxit"), which owned and operated a 39-store chain of pawn lending locations that operate in Washington and Arizona under the names "Maxit" and "Pawn X-Change" (the "Maxit acquisition"). Net revenue from consumer loan activities increased $64.4 million, or 20.9%, to $373.0 million in 2011...

  • Page 80
    ... per share data): 2011 $ Net income attributable to Cash America International, Inc. Adjustments: Intangible asset amortization, net of tax Non-cash equity-based compensation, net of tax Convertible debt non-cash interest and issuance cost amortization, net of tax Foreign exchange loss, net of tax...

  • Page 81
    ...and estimated enterprise value. The computation of adjusted EBITDA as presented below may differ from the computation of similarly-titled measures provided by other companies (dollars in thousands): Year Ended December 31, 2011 Net Income attributable to Cash America International, Inc. Adjustments...

  • Page 82
    ... period and the profit on disposition of collateral from unredeemed pawn loans, as well as the sale of merchandise acquired from customers directly or from third parties. Routinely, the largest component of net revenue from pawn lending activities is the pawn loan fees and service charges from pawn...

  • Page 83
    ... to consumers through the Company's retail services locations or over the Internet. Commercial sales include the sale of refined gold, platinum, silver and diamonds to brokers or manufacturers. The following table summarizes the proceeds from the disposition of merchandise and the related profit for...

  • Page 84
    ... in the e-commerce segment from lending in the foreign markets in which the Company operates and, to a lesser extent, the expansion of the Company's installment loan and line of credit products in the United States, offset by a decrease in revenue from domestic markets in which consumer loans are no...

  • Page 85
    ... due to increased demand for consumer loan products in domestic and foreign markets in both the retail services and e-commerce segments, the expansion of the Company's installment loan product in all markets and the expansion of the Company's line of credit products in the United States. The...

  • Page 86
    ...(dollars in thousands): As of December 31, 2011 Company Owned(a) Ending consumer loan balances: Retail Services Short-term loans Installment loans Total Retail Services, gross E-Commerce Domestic Short-term loans Installment loans MLOC Total Domestic, gross Foreign Short-term loans Installment loans...

  • Page 87
    ...(dollars in thousands): Year Ended December 31, 2011 Company Owned(a) Amount of consumer loans written: Retail Services Short-term loans Installment loans Total Retail Services E-Commerce Domestic Short-term loans Installment loans MLOC Total Domestic Foreign Short-term loans Installment loans Total...

  • Page 88
    ...the change in the mix of loans in the e-commerce segment, as discussed in the "Consumer loan loss provision" section above. The following tables show consumer loan information by quarter for 2011 and 2010 (dollars in thousands):     Consumer loan balances and fees receivable:  Gross - Company...

  • Page 89
    ... increased to 7.4% in 2011, compared to 6.2% in 2010, due to growth in loans written in foreign e-commerce markets and the growth of the multi-payment installment loan and line of credit products, which have a higher percentage of new customers, as discussed in "Consumer loan loss provision" section...

  • Page 90
    ... in the Company's financial statements. Total Expenses. The table below shows total expense by segment and significant category for the years ended December 31, 2011 and 2010 (dollars in thousands): Year Ended December 31, 2011 Retail Services Operations: Personnel Occupancy Marketing Other Total...

  • Page 91
    ... and general expense increases. Operations expense for the e-commerce segment increased $26.3 million, or 26.0%, to $127.3 million in 2011 compared to 2010. Marketing expense increased $13.5 million during 2011, mainly due to the online lending channel's efforts to expand the Company's customer base...

  • Page 92
    ... conducting business in currencies other than the U.S. dollar. In 2011, the Company recorded a foreign currency transaction loss of approximately $1.3 million related to its operations in foreign countries, compared to a loss of $0.5 million in 2010. Income Taxes. The Company's effective tax rate...

  • Page 93
    ... pawn loans will be sold to settle the obligations owed by the customer but is not owned by the Company; therefore, profit on the disposition of this collateral is recorded as "Pawn loan fees and service charges" in the Company's consolidated statements of operations. On October 4, 2010, the Company...

  • Page 94
    ... on commercial sales are mainly due to a higher average market price of gold and diamonds sold, which more than offset a lower volume of gold sold during 2010 compared to 2009. The table below summarizes the age of merchandise held for disposition related to the Company's domestic pawn operations...

  • Page 95
    ... customer base for the third-party MLOC products. See "General-E-Commerce Segment" section above for a discussion of the current status of the Company's MLOC business. These increases offset the loss of revenue from certain domestic markets in which the Company either no longer offers consumer loans...

  • Page 96
    ... financial statements for December 31, 2010 and 2009, respectively. The following table summarizes consumer loan balances outstanding as of December 31, 2010 and 2009 (dollars in thousands): As of December 31, 2010 Company Owned(a) Ending consumer loan balances: Retail Services Short-term loans...

  • Page 97
    ... and 2009 (dollars in thousands): 2010 Company Owned(a) Amount of consumer loans written: Retail Services Short-term loans Installment loans Total Retail Services E-Commerce Domestic Short-term loans Installment loans MLOC Total Domestic Foreign Short-term loans Installment loans Total Foreign Total...

  • Page 98
    ... regarding the amount and number of consumer loans written is statistical data that is not included in the Company's financial statements. Loans guaranteed by the Company represent loans originated by third-party lenders through the CSO programs. Consumer loan loss experience. The combined...

  • Page 99
    ... through a the CSO programs for the year ended December 31, 2010 is a credit balance due to improved collection rates in 2010 over 2009 a and slightly lower volume of loans outstanding. Due to the short-term nature of the consumer loan product and the high velocity of loans written, seasonal trends...

  • Page 100
    ... CSO programs, which are not included in the Company's financial statements. 2009 First Quarter Consumer loans written: Company owned Guaranteed by the Company(b) Combined consumer loans written Combined consumer loan loss provision as a % of combined consumer loans written (a) Charge-offs (net of...

  • Page 101
    ...increased $26.8 million during 2010, mainly due to the online lending channel's efforts to expand the Company's customer base in both domestic and foreign markets. Personnel expense increased $8.3 million, primarily due to the addition of new personnel to support the e-commerce segment's growth. 70

  • Page 102
    ... during 2010 compared to 2009, mainly due the addition of 84 locations, excluding locations closed or combined in 2010, (net locations added in 2010 was 37 retail services locations), computer equipment deployed in advance of the Company's new proprietary point-of-sale system, and normal facility...

  • Page 103
    ... of credit and for other general corporate purposes, which may include, among other potential uses, funding its strategy of expanding its storefront business and products in the United States and Latin America and possibly repurchases of the Company's common stock. See "Item 8. Financial Statements...

  • Page 104
    Cash Flows The Company's cash flows and other key indicators of liquidity are summarized as follows (dollars in thousands): Year Ended December 31, 2010 2009 2011 Cash flows provided by operating activities Cash flows used in investing activities Pawn loans Consumer loans Acquisitions Property and ...

  • Page 105
    ... results of the Company's retail services segment. See "Item 8. Financial Statements and Supplementary Data-Note 3." Also, during 2011, in addition to the Pawn Partners acquisition, the Company acquired one domestic retail services location, which primarily operates as a pawn lending business, for...

  • Page 106
    ... common stock through open market transactions, pursuant to a 2011 authorization by the Board of Directors of the Company, and through the repurchase of shares of common stock for tax payments related to stock based compensation. On March 30, 2011, the Company entered into a new credit agreement for...

  • Page 107
    ... due under long-term operating leases. See "Item 8. Financial Statements and Supplementary Data-Note 13" for further discussion of the Company's operating lease obligations. Share Repurchases The Company has a share repurchase program that was approved by the Board of Directors of the Company on...

  • Page 108
    ... by $2.5 million, and net income attributable to the Company would decrease by $1.6 million for the year ended December 31, 2011. See "Item 8. Financial Statements and Supplementary Data-Note 11." Gold Price Risk. The Company periodically uses forward sale contracts with a major gold bullion bank to...

  • Page 109
    ... a currency against the U.S. dollar. a As of September 30, 2011, the Company designated the intercompany balance related to its Mexico operations as long-term and no longer maintains forward currency exchange contracts to minimize the risk of foreign currency exchange rate fluctuations in Mexico...

  • Page 110
    ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA Index to Consolidated Financial Statements Report of Independent Registered Public Accounting Firm...Consolidated Balance Sheets - December 31, 2011 and 2010...Consolidated Statements of Income - Years Ended December 31, 2011, 2010 and 2009... 80...

  • Page 111
    ...the related consolidated statements of income, equity, comprehensive income, and cash flows present fairly, in all material respects, the financial position of Cash America International, Inc. and its subsidiaries (the "Company") at December 31, 2011 and 2010, and the results of their operations and...

  • Page 112
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (dollars in thousands, except per share data) December 31, 2011 2010 Assets Current assets: Cash and cash equivalents Pawn loans Consumer loans, net Merchandise held for disposition, net Pawn loan fees and service charges ...

  • Page 113
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (dollars in thousands, except per share data) Year Ended December 31, 2011 2010 2009 Revenue Pawn loan fees and service charges Proceeds from disposition of merchandise Consumer loan fees Other Total Revenue Cost of...

  • Page 114
    ...based plans Stock-based compensation expense Income tax benefit from stock based compensation Net income attributable to Cash America International, Inc. Dividends paid Unrealized derivatives loss, net of tax Foreign currency translation gain, net of tax Marketable securities unrealized loss, net of...

  • Page 115
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (dollars in thousands) Year Ended December 31, 2011 2010 2009 Net income Other comprehensive (loss) gain, net of tax: Unrealized derivatives gain (loss)(a) Foreign currency translation (loss) gain (b) ...

  • Page 116
    ... costs Consumer loan loss provision Stock-based compensation Deferred income taxes, net Excess income tax benefit from stock-based compensation Other Changes in operating assets and liabilities, net of assets acquired Merchandise held for disposition Pawn loan fees and service charges receivable...

  • Page 117
    ...'s personal check or authorization to debit the customer's bank account via an electronic transaction for the aggregate amount of the payment due. Through the credit services organization programs (the "CSO programs"), the Company provides a third-party lender's consumer loan product in some markets...

  • Page 118
    ... personal property. Pawn loan fees and service charges revenue are accrued ratably over the term of the loan for the portion of those pawn loans deemed collectible. The typical loan term is generally 30 to 90 days plus, in many cases, an additional grace period (typically 10 to 60 days). A pawn loan...

  • Page 119
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS its outstanding pawn loan portfolio and assess the collectability of the principal balance in addition to pawn loan fees and service charges. With respect to the Company's domestic pawn operations, for pawn ...

  • Page 120
    ... approach uses the Company's projections of financial performance for a five-year period and includes assumptions about future revenue growth rates, operating margins and terminal values, which vary among reporting units. The market approach establishes fair value by applying cash flow multiples to...

  • Page 121
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS All of the amounts of goodwill recorded in the Company's acquisitions, except for the acquisition of Prenda Fácil, are expected to be deductible for tax purposes. Long-Lived Assets Other Than Goodwill and ...

  • Page 122
    ... occupancy, marketing and other charges that are directly related to the retail services and e-commerce operations. These costs are incurred within the retail services locations and the Company's call centers for customer service and collections. In addition, costs related to management supervision...

  • Page 123
    ... 2010-29"). This standard update clarifies that, if a public entity presents comparative financial statements, Securities Exchange Commission registrants should disclose revenue and earnings of the combined entity as though the current period business combinations had occurred as of the beginning of...

  • Page 124
    ... those that report under International Financial Reporting Standards ("IFRS"). ASU 2011-05 requires companies to present the components of net income and other comprehensive income either as one continuous statement or as two consecutive statements. It eliminates the option to present components of...

  • Page 125
    ... approvals; however, the Company assumed the economic benefits of these pawnshops by operating them under a management arrangement that commenced on November 30, 2011. Pawn Partners operated a seven-store chain of pawn lending locations as franchised Cash America locations under the name "SuperPawn...

  • Page 126
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The purchase price of Maxit was allocated as follows (dollars in thousands): Pawn loans Merchandise acquired Pawn loan fees and service charges receivable Property and equipment Goodwill Intangible assets ...

  • Page 127
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Debit Plus, LLC (formerly known as Primary Innovations, LLC) Pursuant to its business strategy of expanding its electronically based product offerings, on July 23, 2008, the Company, through its wholly-owned...

  • Page 128
    ...electronic product platform, the Company, through its wholly-owned subsidiary Cash America Net Holdings, LLC, purchased substantially all of the assets of The Check Giant LLC ("TCG") on September 15, 2006. TCG offered short-term consumer loans exclusively over the Internet under the name "CashNetUSA...

  • Page 129
    ... (dollars in thousands):  Number of stores acquired: Pawn lending locations Purchase price allocated to: Pawn loans Merchandise held for disposition, net Pawn loan fees and service charges receivable Property and equipment Goodwill Intangible assets Other assets Other liabilities Customer deposits...

  • Page 130
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 5. Consumer Loans, Credit Quality Information and Allowances and Liabilities for Estimated Losses on Consumer Loans Each consumer loan provides customers with cash, typically in exchange for a fee and an ...

  • Page 131
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS during its attempt to collect on a nonperforming loan the Company extends the time for payment through a payment plan or a promise to pay, it is still considered nonperforming. Nonperforming loans are ...

  • Page 132
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Changes in the allowance for losses for the Company-owned loans and the liability for estimated losses on the Company's guarantees of third-party lender-owned loans for the years ended December 31, 2011, ...

  • Page 133
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2009 Short-term Loans Allowance for losses for Company-owned consumer loans: Balance at beginning of period Consumer loan loss provision Charge-offs Recoveries Balance at end of ...

  • Page 134
    ... supplemental payments for the acquisitions and the actual amounts paid as described in Note 3. The Company realigned its reportable segments in the second quarter of 2010, and allocated a portion of the goodwill relating to its previously reported cash advance segment to the retail services segment...

  • Page 135
    ...41,762 $ Net 6,891 5,819 550 27 243 $ 13,530 $ Non-competition agreements are amortized over the applicable terms of the contract. Customer and lead provider relationships are generally amortized on a straight-line basis over three to ten years, based on the period over which economic benefits are...

  • Page 136
    ... 29, 2013 or the second business day following the closing of the ainitial public offering of common stock of Enova if it generates at least $350.0 million in net proceeds. Domestic and Multi-Currency Line On March 30, 2011, the Company entered into a new credit agreement for up to $330.0 million...

  • Page 137
    ... term loan facility (the "2015 Variable Rate Notes"). The line of credit commitment amount will decrease by $100.0 million, to $280.0 million, on the earlier of May 29, 2013 or the closing of the initial public offering of common stock of the Company's wholly-owned subsidiary, Enova International...

  • Page 138
    ... set forth in its debt agreements. As of December 31, 2011, required principal payments under the terms of the long-term debt, including the Company's line of credit, for each of the five years after December 31, 2011 are as follows (dollars in thousands): Year 2012 2013 2014 2015 2016 Thereafter...

  • Page 139
    ... as follows (dollars in thousands): As of December 31, 2011 Deferred tax assets: Deferred finish-out allowances from lessors Tax over book accrual of pawn loan fees and service charges Allowance for consumer loan losses Deferred compensation Net operating losses Deferred state credits Other Total...

  • Page 140
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The components of the provision for income taxes and the income to which it relates for the years ended December 31, 2011, 2010 and 2009 are shown below (dollars in thousands): Year Ended December 31, 2010 ...

  • Page 141
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The aggregate change in the balance of the unrecognized tax benefits for the years ended December 31, 2011, 2010 and 2009 is summarized below (dollars in thousands): 2011 1,082 (127) $ 955 $ 2010 1,021 61 $ ...

  • Page 142
    ... First National Bank of Brookings, South Dakota ("FNB") and Community State Bank of Milbank, South Dakota ("CSB") for some time made loans to Georgia residents through Cash America's Georgia operating locations. The complaint in this lawsuit claims that Cash America was the true lender with respect...

  • Page 143
    ... class action claim, and named Cash America International, Inc., Cash America Net Holdings, LLC, Cash America Net of Texas, LLC and Enova Financial Holdings, LLC as additional defendants (and corrected the name of the previously-named defendant to Cash America Net of Illinois, LLC) (collectively...

  • Page 144
    ... NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 14. Equity Share Repurchases On January 26, 2011, the Company's Board of Directors authorized management to purchase up to a total of 2,500,000 shares of the Company's common stock at management's discretion in open market transactions and cancelled...

  • Page 145
    ...FINANCIAL STATEMENTS 15. Employee Benefit Plans The Cash America International, Inc. 401(k) Savings Plan is open to substantially all employees. New employees are automatically enrolled in this plan unless they elect not to participate. The Cash America International, Inc. Nonqualified Savings Plan...

  • Page 146
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 16. Derivative Instruments The Company periodically uses derivative instruments to manage risk from changes in market conditions that may affect the Company's financial performance. The Company primarily ...

  • Page 147
    ... Plan. At December 31, 2011, 1,884,370 shares were available for future grants under the Plan. Historically, the Company has repurchased its shares on the open market from time to time pursuant to an authorization from the Board of Directors of the Company and reissued those shares upon stock option...

  • Page 148
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS terms of options with the seven-year vesting periods and certain of the four-year and five-year vesting periods included provisions that accelerated vesting if specified share price appreciation criteria ...

  • Page 149
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Restricted Stock Units - The Company has granted RSUs to Company officers, certain employees and to the nonmanagement members of the Board of Directors. The Company began granting RSUs in 2003. RSUs granted ...

  • Page 150
    ...the operations of the Company's Retail Services Division, which is composed of both domestic and foreign storefront locations that offer some or all of the following services: pawn lending, consumer loans, the purchase and sale of merchandise, check cashing and other ancillary services such as money...

  • Page 151
    ... presents operating income, separated between domestic and foreign, for the years ended December 31, 2011, 2010 and 2009 (dollars in thousands): Domestic Year Ended December 31, 2011 Revenue Pawn loan fees and service charges $ 261,829 Proceeds from disposition of merchandise 636,698 Consumer loan...

  • Page 152
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  Domestic Year Ended December 31, 2010 Revenue Pawn loan fees and service charges $ Proceeds from disposition of merchandise Consumer loan fees Other Total revenue Disposed merchandise Consumer loan loss ...

  • Page 153
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Domestic Year Ended December 31, 2009 Revenue Pawn loan fees and service charges $ Proceeds from disposition of merchandise Consumer loan fees Other Total revenue Disposed merchandise Consumer loan loss ...

  • Page 154
    ...The Company's financial assets that are measured at fair value on a recurring basis as of December 31, 2011 and 2010 are as follows (dollars in thousands): December 31, 2011 Financial assets: Interest rate contracts1 Forward currency exchange contracts Nonqualified savings plan assets (a) Marketable...

  • Page 155
    ... fair values of financial instruments at December 31, 2011 and 2010 were as follows (dollars in thousands): Balance at December 31, 2011 Carrying Value Financial assets: Cash and cash equivalents Pawn loans Consumer loans, net Financial liabilities: Bank lines of credit Senior unsecured notes...

  • Page 156
    ... FINANCIAL STATEMENTS 21. Quarterly Financial Data (Unaudited) The Company's operations are subject to seasonal fluctuations. Net income tends to be highest during the first and fourth calendar quarters primarily due to the heavy repayment of pawn loans with tax refund proceeds received by customers...

  • Page 157
    CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 23. Subsequent Events The Company has a contractual relationship with a third party entity, Huminal, to compensate and maintain the labor force of its Mexico pawn operations. On January 1, 2012, the labor ...

  • Page 158
    ... under the Exchange Act is accumulated and communicated to management, including the Company's Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosures. There was no change in the Company's internal control over financial reporting during the...

  • Page 159
    ... reasonable assurance with respect to financial statement preparation and presentation. The effectiveness of the Company's internal control over financial reporting as of December 31, 2011 has been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in...

  • Page 160
    ITEM 9B. OTHER INFORMATION None. 129

  • Page 161
    ...Cash America International, Inc., 1600 West 7th Street, Fort Worth, Texas 76102. ITEM 11. EXECUTIVE COMPENSATION Information contained under the caption "Executive Compensation" and "Board Structure, Corporate Governance Matters and Director Compensation-Director Compensation" in the Proxy Statement...

  • Page 162
    ...filed in Item 8 of Part II of this report: Financial Statements: Report of Independent Registered Public Accounting Firm Consolidated Balance Sheets - December 31, 2011 and 2010 Consolidated Statements of Income - Years Ended December 31, 2011, 2010 and 2009 Consolidated Statements of Equity - Years...

  • Page 163
    ... Two dated May 4, 2007 to the Asset Purchase Agreement dated July 9, 2006 by and among Cash America Net Holdings, LLC and certain of its subsidiaries (as successors in interest to the Company) and The Check Giant, LLC, its subsidiaries and members Amendment Number Three dated October 31, 2008 to the...

  • Page 164
    ... 30, 1987 Articles of Amendment to the Articles of Incorporation of Cash America Investments, Inc. filed in the office of the Secretary of State of Texas on April 23, 1992 to change the Company's name to "Cash America International, Inc." Articles of Amendment to the Articles of Incorporation of the...

  • Page 165
    ..., and Daniel R. Feehan * Form of Cash America International, Inc. First Amended and Restated Executive Change-inControl Severance Agreement between the Company, its Division Presidents and each of its Executive Vice Presidents * Cash America International, Inc. 1994 Long-Term 134 10-Q 001-09733 10...

  • Page 166
    ...of 2008 Long Term Incentive Plan Award Agreement under the 2004 LTIP * (1) Cash America International, Inc. 2008 Long Term Incentive Plan for Cash America Net Holdings, LLC * 2011 Amendment to the Cash America International, Inc. 2008 Long Term Incentive Plan for Cash America Net Holdings, LLC dated...

  • Page 167
    ... 2011 Long-Term Incentive Plan Award Agreement for the E-Commerce Division of the Company under the 2004 LTIP * (1) Cash America International, Inc. Supplemental Executive Retirement Plan, as amended and restated effective January 1, 2009 * Cash America International, Inc. Nonqualified Savings Plan...

  • Page 168
    ... 31, 2011, December 31, 2010 and December 31, 2009; (v) Consolidated Statements of Cash Flows for the years ended December 31, 2011, December 31, 2010 and December 31, 2009; and (vi) Notes to Consolidated Financial Statements (tagged as a block of text). (3) Submitted electronically herewith. 137

  • Page 169
    ... duly authorized. CASH AMERICA INTERNATIONAL, INC. Date: February 27, 2012 By: /s/ DANIEL R. FEEHAN Daniel R. Feehan Chief Executive Officer and President Pursuant to the requirements of the Securities and Exchange Act of 1934, the report has been signed by the following persons on behalf of...

  • Page 170
    ... OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON FINANCIAL STATEMENT SCHEDULE To the Board of Directors and Shareholders of Cash America International, Inc. Our audits of the consolidated financial statements and of the effectiveness of internal control over financial reporting referred to in...

  • Page 171
    SCHEDULE II CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES VALUATION AND QUALIFYING ACCOUNTS For the Three Years Ended December 31, 2011 (dollars in thousands) Additions Description Allowance for valuation of inventory Year Ended: December 31, 2011 December 31, 2010 December 31, 2009 $ $ $ ...

  • Page 172
    ... dated December 15, 2008 to Option Agreement dated December 11, 2008 between Cash America of Mexico, Inc. and St. Claire (1) Asset Purchase Agreement dated July 9, 2006 by and among the Company and The Check Giant, LLC and its subsidiaries and members Amendment Number One dated September 15, 2006...

  • Page 173
    ... Number Three dated October 31, 2008 to the Asset Purchase Agreement dated July 9, 2006 by and among Cash America Net Holdings, LLC and certain of its subsidiaries and The Check Giant, LLC, its subsidiaries and members Articles of Incorporation of Cash America Investments, Inc. filed in the office...

  • Page 174
    ...000 (1) Executive Employment Agreement dated May 1, 2008 by and among the Company, Cash America Management L.P., a wholly-owned subsidiary of the Company, and Daniel R. Feehan * Amendment dated December 24, 2008 to Employment Agreement by and among the Company, Cash America Management L.P., a wholly...

  • Page 175
    ...of 2008 Long Term Incentive Plan Award Agreement under the 2004 LTIP * (1) Cash America International, Inc. 2008 Long Term Incentive Plan for Cash America Net Holdings, LLC * 2011 Amendment to the Cash America International, Inc. 2008 Long Term Incentive Plan for Cash America Net Holdings, LLC dated...

  • Page 176
    ... S. Ho under the Cash America Net Holdings, LLC 2007 Long-Term Incentive Plan * Form of 2011 Long-Term Incentive Plan Award Agreement for the E-Commerce Division of the Company under the 2004 LTIP * (1) Cash America International, Inc. Supplemental Executive Retirement Plan, as amended and restated...

  • Page 177
    ... 31, 2011, December 31, 2010 and December 31, 2009; (v) Consolidated Statements of Cash Flows for the years ended December 31, 2011, December 31, 2010 and December 31, 2009; and (vi) Notes to Consolidated Financial Statements (tagged as a block of text). (3) Submitted electronically herewith. 146

  • Page 178
    ... OF CASH AMERICA INTERNATIONAL, INC. as of December 31, 2011 Subsidiaries Cash America Financial Services, Inc...Cash America Franchising, Inc...Cash America Global Financing, Inc...Cash America Global Services, Inc...Cash America Holding, Inc...Mr. Payroll Corporation ...Cash America, Inc...Cash...

  • Page 179
    ... CNU Online Holdings, LLC (Continued) AEL Net Marketing, LLC ...AEL Net of Arizona, LLC ...AEL Net of Illinois, LLC ...AEL Net of Ohio, LLC...AEL Net of South Carolina, LLC ...AEL Net of Texas, LLC ...AEL Net of Wisconsin, LLC...Arizona Consumer Financial Solutions, LLC ...CNU of Alabama, LLC ...CNU...

  • Page 180
    ...DollarsDirect, LLC ...EuroNet Cash, LLC ...Ohio Consumer Financial Solutions, LLC...TrafficGen, LLC ...Express Cash International Corporation ...Florida Cash America, Inc...Georgia Cash America, Inc...Ohio Neighborhood Finance, Inc...Cash America Management L.P...Cash America Pawn L.P. Jurisdiction...

  • Page 181
    ..., 333159953, and 333-167661) of Cash America International, Inc. of our report dated February 27, 2012 relating to the financial statements and the effectiveness of internal control over financial reporting, which appears in this Form 10-K for the year ended December 31, 2011. We also consent to the...

  • Page 182
    ... information; and Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. b) Date: February 27, 2012 /s/ Daniel R. Feehan Daniel R. Feehan Chief Executive Officer and President 151

  • Page 183
    ..., whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. b) Date: February 27, 2012 /s/ Thomas A. Bessant, Jr. Thomas A. Bessant, Jr. Executive Vice President and Chief Financial Officer 152

  • Page 184
    ... Exchange Act of 1934, as amended; and The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. (2) /s/ Daniel R. Feehan Daniel R. Feehan Chief Executive Officer and President Date: February 27, 2012...

  • Page 185
    ... amended; and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. /s/ Thomas A. Bessant, Jr. Thomas A. Bessant, Jr. Executive Vice President and Chief Financial Officer Date: February 27, 2012 154

  • Page 186

  • Page 187
    ... - Managing Associate steven R. Rhodes Vice President - Midwest region operations - retail Services Division Yolanda Y. Walker Vice President - Public relations and Corporate Communications W. Barton Boling, Jr. Vice President - Mexico operations - retail Services Division General Counsel Craig...

  • Page 188
    ..., Jr. Executive Vice President and Chief Financial Officer Dennis J. Weese President - retail Services Division J. Curtis linscott Executive Vice President, General Counsel and Secretary other Information Corporate Address Cash America International Building 1600 West 7th Street Fort Worth, Texas...

  • Page 189
    1600 West 7th Street Fort Worth, Texas 76102-2599 (817) 335-1100 www.cashamerica.com www.enova.com www.cashnetusa.com www.cashlandloans.com www.quickquid.co.uk www.poundstopocket.co.uk www.dollarsdirect.com.au www.dollarsdirect.ca www.goldpromise.com www.mrpayroll.com www.primaryinnovations.net