Cash America 2011 Annual Report Download - page 113

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See notes to consolidated financial statements.
82
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 $ 291,891 $ 253,314 $ 231,178
Proceeds from disposition of merchandise 636,728 534,878 502,736
Consumer loan fees 598,646 490,952 371,856
Other 13,337 14,195 14,620
Total Revenue 1,540,602 1,293,339 1,120,390
Cost of Revenue
Disposed merchandise 405,155 338,756 324,277
Consumer loan loss provision 225,688 182,394 130,816
Total Cost of Revenue 630,843 521,150 455,093
Net Revenue 909,759 772,189 665,297
Expenses
Operations 486,234 419,616 360,127
Administration 125,034 101,518 87,929
Depreciation and amortization 54,149 43,923 41,589
Total Expenses 665,417 565,057 489,645
Income from Operations 244,342 207,132 175,652
Interest expense (25,528) (22,345) (20,807)
Interest income 81 325 29
Foreign currency transaction loss (1,265) (463) (158)
Equity in loss of unconsolidated subsidiary (104) (136) -
Income before Income Taxes 217,526 184,513 154,716
Provision for income taxes 82,360 69,269 56,780
Net Income 135,166 115,244 97,936
Net loss (income) attributable to the noncontrolling interest 797 294 (1,258)
Net Income Attributable to Cash America International, Inc. $ 135,963 $ 115,538 $ 96,678
Earnings Per Share:
N
et Income attributable to Cash America International, Inc.
common shareholders:
Basic $ 4.59 $ 3.90 $ 3.26
Diluted $ 4.25 $ 3.67 $ 3.17
Weighted average common shares outstanding:
Basic 29,602 29,640 29,639
Diluted 31,991 31,521 30,503
Dividends declared per common share $ 0.14 $ 0.14 $ 0.14