Cash America 2011 Annual Report Download - page 151
Download and view the complete annual report
Please find page 151 of the 2011 Cash America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
 |
 |
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
120
The Company allocates corporate administrative expenses to each operating segment based on personnel
expenses at each segment. In the e-commerce segment, certain administrative expenses are allocated between the
domestic and foreign components based on the amount of consumer loans written. The following table presents
operating income, separated between domestic and foreign, for the years ended December 31, 2011, 2010 and 2009
(dollars in thousands):
Retail Services E-Commerce
Domestic Foreign Total Domestic Foreign Total Consolidated
Year Ended December 31, 2011
Revenue
Pawn loan fees and service charges $ 261,829 $ 30,062 $ 291,891 $ - $ - $ - $ 291,891
Proceeds from disposition of merchandise 636,698 - 636,698 30 - 30 636,728
Consumer loan fees 119,192 - 119,192 254,152 225,302 479,454 598,646
Other 11,913 545 12,458 593 286 879 13,337
Total revenue 1,029,632 30,607 1,060,239 254,775 225,588 480,363 1,540,602
Disposed merchandise 405,132 - 405,132 23 - 23 405,155
Consumer loan loss provision 24,001 - 24,001 90,535 111,152 201,687 225,688
Total cost of revenue 429,133 - 429,133 90,558 111,152 201,710 630,843
N
et revenue 600,499 30,607 631,106 164,217 114,436 278,653 909,759
Expenses
Operations 335,908 23,012 358,920 64,874 62,440 127,314 486,234
Administration 50,655 10,592 61,247 37,517 26,270 63,787 125,034
Depreciation and amortization 37,015 5,871 42,886 10,413 850 11,263 54,149
Total expenses 423,578 39,475 463,053 112,804 89,560 202,364 665,417
Income (loss) from operations $ 176,921 $ (8,868) $ 168,053 $ 51,413 $ 24,876 $ 76,289 $ 244,342
Interest Expense $ (1,961) $ (6,147) $ (8,108) $ (14,614) $ (2,806) $ (17,420) $ (25,528)
Equity in loss of unconsolidated subsidiary $ (104) $ - $ (104) $ - $ - $ - $ (104)
Provision (benefit) for income taxes $ 66,021 $ (5,187) $ 60,834 $ 13,576 $ 7,950 $ 21,526 $ 82,360
Expenditures for property and equipment $ 51,631 $ 8,345 $ 59,976 $ 13,866 $ 1,207 $ 15,073 $ 75,049
As of December 31, 2011
Total assets $ 1,068,761 $ 117,470 $ 1,186,231 $ 352,244 $ 135,774 $ 488,018 $ 1,674,249
Goodwill $ 352,439 $ 210,282 $ 562,721