Cash America 2012 Annual Report Download - page 124

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See notes to consolidated financial statements.
99
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(dollars in thousands, except per share data)
Year Ended December 31,
2012 2011 2010
Revenue
Pawn loan fees and service charges $ 300,929 $ 282,197 $ 243,713
Proceeds from disposition of merchandise 703,767 688,884 588,190
Consumer loan fees 781,520 598,646 490,952
Other 14,214 13,337 14,195
Total Revenue 1,800,430 1,583,064 1,337,050
Cost of Revenue
Disposed merchandise 478,179 447,617 382,467
Consumer loan loss provision 316,294 225,688 182,394
Total Cost of Revenue 794,473 673,305 564,861
Net Revenue 1,005,957 909,759 772,189
Expenses
Operations and administration 714,614 611,268 521,134
Depreciation and amortization 75,428 54,149 43,923
Total Expenses 790,042 665,417 565,057
Income from Operations 215,915 244,342 207,132
Interest expense (29,131) (25,528) (22,345)
Interest income 144 81 325
Foreign currency transaction loss (313) (1,265) (463)
Equity in loss of unconsolidated subsidiary (295) (104) (136)
Income before Income Taxes 186,320 217,526 184,513
Provision for income taxes 84,656 82,360 69,269
Net Income 101,664 135,166 115,244
Net loss attributable to the noncontrolling interest 5,806 797 294
Net Income Attributable to Cash America International, Inc. $ 107,470 $ 135,963 $ 115,538
Earnings Per Share:
N
et Income attributable to Cash America International, Inc.
common shareholders:
Basic $ 3.64 $ 4.59 $ 3.90
Diluted $ 3.42 $ 4.25 $ 3.67
Weighted average common shares outstanding:
Basic 29,514 29,602 29,640
Diluted 31,452 31,991 31,521
Dividends declared per common share $ 0.14 $ 0.14 $ 0.14