Cash America 2013 Annual Report Download - page 133

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See notes to consolidated financial statements.
108
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(dollars in thousands, except per share data)
Year Ended December 31,
2013 2012 2011
Revenue
Pawn loan fees and service charges $ 311,799 $ 300,929 $ 282,197
Proceeds from disposition of merchandise 595,439 703,767 688,884
Consumer loan fees 878,183 781,520 598,646
Other 11,805 14,214 13,337
Total Revenue 1,797,226 1,800,430 1,583,064
Cost of Revenue
Disposed merchandise 410,613 478,179 447,617
Consumer loan loss provision 351,255 316,294 225,688
Total Cost of Revenue 761,868 794,473 673,305
Net Revenue 1,035,358 1,005,957 909,759
Expenses
Operations and administration 750,304 714,614 611,268
Depreciation and amortization 73,271 75,428 54,149
Total Expenses 823,575 790,042 665,417
Income from Operations 211,783 215,915 244,342
Interest expense (36,317) (29,131) (25,528)
Interest income 72 144 81
Foreign currency transaction loss (1,205) (313) (1,265)
Loss on extinguishment of debt (607) - -
Equity in loss of unconsolidated subsidiary (136) (295) (104)
Income before Income Taxes 173,590 186,320 217,526
Provision for income taxes 30,754 84,656 82,360
Net Income 142,836 101,664 135,166
Net (income) loss attributable to the noncontrolling interest (308) 5,806 797
Net Income Attributable to Cash America International, Inc. $ 142,528 $ 107,470 $ 135,963
Earnings Per Share:
N
et Income attributable to Cash America International, Inc.
common shareholders:
Basic $ 4.97 $ 3.64 $ 4.59
Diluted $ 4.66 $ 3.42 $ 4.25
Weighted average common shares outstanding:
Basic 28,657 29,514 29,602
Diluted 30,613 31,452 31,991
Dividends declared per common share $ 0.14 $ 0.14 $ 0.14