Cash America 2013 Annual Report Download - page 106
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81
YEAR ENDED 2012 COMPARED TO YEAR ENDED 2011
Pawn Lending Activities
The following table sets forth selected data related to the Company’s pawn lending activities as of and for the
years ended December 31, 2012 and 2011 (dollars in thousands except where otherwise noted):
As of December 31,
2012 2011 Change % Change
Ending pawn loan balances
Domestic retail services $ 240,573 $ 238,399 $ 2,174 0.9 %
Foreign retail services 4,067 15,120 (11,053) (73.1)%
Consolidated pawn loan balances $ 244,640 $ 253,519 $ (8,879) (3.5)%
Ending merchandise balance, net
Domestic retail services $ 161,655 $ 151,274 $ 10,381 6.9 %
Foreign retail services 5,754 10,610 (4,856) (45.8)%
Consolidated merchandise balance, net $ 167,409 $ 161,884 $ 5,525 3.4 %
Year Ended December 31,
2012 2011 Change % Change
Pawn loan fees and service charges
Domestic retail services $ 288,161 $ 261,829 $ 26,332 10.1 %
Foreign retail services 12,768 20,368 (7,600) (37.3)%
Consolidated pawn loan fees and service charges $ 300,929 $ 282,197 $ 18,732 6.6 %
Average pawn loan balance outstanding
Domestic retail services $ 225,066 $ 205,610 $ 19,456 9.5 %
Foreign retail services 12,055 20,037 (7,982) (39.8)%
Consolidated average pawn loans outstanding $ 237,121 $ 225,647 $ 11,474 5.1 %
Amount of pawn loans written and renewed
Domestic retail services $ 916,215 $ 869,203 $ 47,012 5.4 %
Foreign retail services 124,263 118,126 6,137 5.2 %
Consolidated amount of pawn loans written and renewed $ 1,040,478 $ 987,329 $ 53,149 5.4 %
Average amount per pawn loan (in ones)
Domestic retail services $ 131 $ 127 $ 4 3.1 %
Foreign retail services $ 88 $ 103 $ (15) (14.6)%
Consolidated average amount per pawn loan (in ones) $ 124 $ 124 $ - - %
Annualized yield on pawn loans
Domestic retail services 128.0% 127.3%
Foreign retail services 105.9% 101.7%
Consolidated annualized yield on pawn loans 126.9% 125.1%
Gross profit margin on disposition of merchandise
Domestic retail services 33.5% 36.4%
Foreign retail services 12.0% 18.6%
Consolidated gross profit margin on disposition of merchandise 32.1% 35.0%
Merchandise turnover
Domestic retail services 2.9 3.0
Foreign retail services 3.9 5.0
Consolidated merchandise turnover 3.0 3.1