Cash America 2011 Annual Report Download - page 15

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CASH AMERICA INTERNATIONAL, INC.
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to the core purpose of helping our
customers meet their short-term credit
needs. As long as customers need
reliable, short-term nancial options, we
will be there to help them with innovative
solutions. Throughout the coming
years, customers will change, markets
will change, and products will change.
Our role is to anticipate those changes
and adjust and maintain the level of
excellence we offer our customers
through ingenuity and teamwork.
Our total revenue for 2011 increased
19 percent to $1.54 billion, from $1.29
billion during 2010. Cash America also
nished 2011 with an 18 percent increase
in net income, to $135.9 million ($4.25
per share), compared to $115.5 million
($3.67 per share) for 2010. The 19 percent
increase in total revenue for the current
year culminates a three-year cumulative
growth rate in total revenue of 49
percent and net income of 68 percent
since 2008. The compound annual
growth rate in earnings per share over
the ve years ended December 31, 2011,
was 13 percent, growing from $2.61 for
the scal year ended 2007 to $4.25 for
the scal year ended 2011.
We also nished 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 business and foreign
e-commerce business contributed
heavily to our success. Aggregate pawn
loan balances ended 2011 at $253.5
million, up 16 percent from year-end
2010. The combined total gross balance
Our continued team approach to helping our customers has, once again, proven a
reliable and rewarding investment for Cash America and its investors. In fact, perhaps
the strongest indicator of our commitment to excellence is the value we continue to
bring to our shareholders.
of consumer loans, including loans
extended by third parties, ended the
year at $345.3 million, up 50 percent
from the end of 2010.
At Cash America, our quest for
excellence moves ever forward, and we
have a clear and appropriate vision for
creating future value. We see abundant
opportunities for growth in revenue
and earnings, correlated to customer
demand for pawn loans and consumer
loans, plus our ability to sell value-
priced merchandise from unredeemed
pawn loans. The continued expansion
of Prenda Fácil, plus the growth of
both domestic and international online
lending solutions, will also augment our
growth potential.
Throughout our history, Cash
America has consistently demonstrated
commitment to excellence through
teamwork – through investing our time
and energy; pursuing our goals even
when difcult; rejecting plans that are
inconsistent with our overall strategies;
remaining focused; and applying
ingenuity and resourcefulness. We see
more good things ahead; we remain
encouraged by our continued progress
in diversifying both the geography and
the product mix of our business.
Above all, we remain committed
Committed to
excellence for our
shareholders
Earnings Per Share
$4.50
$4.00
$3.50
$3.00
$2.50
$2.00
$1.50
$1.00
$0.50
$0.00
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