Cash America 2013 Annual Report Download - page 71

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ITEM 6. SELECTED FINANCIAL DATA

Five-Year Summary of Selected Consolidated Financial Data
(dollars and shares in thousands, except per share data)
Year Ended December 31,
2013 2012 2011 2010 2009
Statement of Income Data (a)(b)(c)
Total revenue $1,797,226 $1,800,430 $ 1,583,064 $ 1,337,050 $ 1,149,125
Income from operations 211,783 215,915 244,342 207,132 175,652
Income before income taxes 173,590 186,320 217,526 184,513 154,716
N
et income attributable to Cash America
International, Inc. 142,528 107,470 135,963 115,538 96,678
N
et income per share:
Basic $4.97 $3.64 $ 4.59 $ 3.90 $ 3.26
Diluted $4.66 $3.42 $4.25 $ 3.67 $ 3.17
Dividends declared per share $0.14 $0.14 $ 0.14 $ 0.14 $ 0.14
Weighted average shares:
Basic 28,657 29,514 29,602 29,640 29,639
Diluted 30,613 31,452 31,991 31,521 30,503
Balance Sheet Data at End of Year
Pawn loans $261,148 $244,640 $ 253,519 $ 217,402 $ 188,285
Consumer loans, net (d) 358,841 289,418 222,778 139,377 108,789
Merchandise held for disposition, net 208,899 167,409 161,884 130,956 116,593
Working capital 862,067 710,566 644,891 491,298 414,450
Total assets 2,081,741 1,818,258 1,674,249 1,427,186 1,269,655
Long-term debt 739,989 578,330 537,291 456,704 429,183
Total equity 1,082,423 990,620 907,590 802,731 683,199
Ratio Data at End of Year
Current ratio 5.8 x 4.8 x 4.8 x 4.8 x 4.1 x
Debt to equity ratio 68.4 % 58.4 % 59.2 % 56.9 % 62.8 %
(a) See “Item 8. Financial Statements and Supplementary Data—Note 3” for discussion of the Company's acquisitions in 2011, 2012 and 2013.
(b)
a
a
In 2009 and 2010, the Company provided micro line of credit (“MLOC”) services in the United States, whereby advances were processed on
behalf of, and participation interests in MLOC receivables were purchased from, a third-party lender. The Company’s MLOC services
generated earnings through loan processing services as well as from fees generated from the participation interests it acquired in MLOC
advances made to the third-party lender's customers. The Company stopped providing MLOC services on behalf of the third-party lender in
October 2010 when the third-party lender discontinued offering MLOC advances.
(
c
)
a
See “Item 7. Management’s Discussion and Analysis—Results of Continuing Operations—Adjusted Earnings Measures and “—Adjusted
EBITDA” for additional information about certain 2012 and 2013 income and expense items that affected the Company’s consolidated
income from operations, income before income taxes, net income and net income per share attributable to Cash America International, Inc.
(d)
a
Excludes loans originated by third-party lenders through the CSO programs. See “Item 8. Financial Statements and Supplementary Data—
N
otes 2 and 5” for further discussion.