Cash America 2011 Annual Report Download - page 86

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The following table summarizes consumer loan balances outstanding as of December 31, 2011 and 2010 (dollars
in thousands):
As of December 31,
2011 2010
Company
Owned(a)
Guaranteed
by the
Company(a) Combined(b)
Company
Owned(a)
Guaranteed
by the
Company(a) Combined(b)
Ending consumer loan balances:
Retail Services
Short-term loans $ 53,601 $ 9,237 $ 62,838 $ 49,267 $ 9,819 $ 59,086
Installment loans 9,262 7,425 16,687 2,686 3,800 6,486
Total Retail Services, gross 62,863 16,662 79,525 51,953 13,619 65,572
E-Commerce
D
omestic
Short-term loans 60,880 39,341 100,221 52,019 37,082 89,101
Installment loans 24,582 - 24,582 11,023 - 11,023
MLOC - - - 1,510 - 1,510
Total Domestic, gross 85,462 39,341 124,803 64,552 37,082 101,634
F
oreign
Short-term loans 101,723 3,420 105,143 57,848 1,867 59,715
Installment loans 35,802 - 35,802 3,977 - 3,977
Total Foreign, gross 137,525 3,420 140,945 61,825 1,867 63,692
Total E-Commerce, gross 222,987 42,761 265,748 126,377 38,949 165,326
Total ending loan balance, gross 285,850 59,423 345,273 178,330 52,568 230,898
Less: Allowance and liabilities for losses (63,072) (3,062) (66,134) (38,953) (2,838) (41,791)
Total ending loan balance, net $ 222,778 $ 56,361 $ 279,139 $ 139,377 $ 49,730 $ 189,107
(a) GAAP measure. The consumer loan balances guaranteed by the Company represents loans originated by third-party lenders
through the CSO programs, which are not recorded in the Company’s financial statements.
(b) Except for allowance and liability for estimated losses, amounts represent non-GAAP measures.
Consumer loans written. The amount of combined consumer loans written was $3.03 billion in 2011 and
increased $108.9 million, or 3.7%, from $2.92 billion in 2010, due primarily to growth in consumer loans written from
the e-commerce segment in foreign markets, growth in installment loans in all markets, and, to a lesser extent, the
expansion of the Company’s line of credit product in the United States. These increases more than offset a decrease in
loans written in domestic markets in which consumer loans are no longer offered due to changes in laws and the absence
of consumer loans written in the MLOC channel.
The average amount per consumer loan increased to $514 from $431 during 2011 compared to 2010, due to the
absence of loans purchased through the MLOC channel, which generally have a lower average loan amount per loan,
and an increase in multi-payment longer-term installment loans, which typically have a higher average loan amount than
single-payment short-term loans. Management expects the average amount per consumer loan to increase in 2012, as it
expects an increase in the mix of installment loans as a percentage of the combined consumer loan balance.