Cash America 2013 Annual Report Download - page 89
Download and view the complete annual report
Please find page 89 of the 2013 Cash America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
 |
 |
64
YEAR ENDED 2013 COMPARED TO YEAR ENDED 2012
Pawn Lending Activities
Pawn lending activities consist of pawn loan fees and service charges from the retail services segment during the
period and the profit on disposition of collateral from forfeited pawn loans, as well as the sale of merchandise acquired
from customers directly or from third parties.
The following table sets forth selected data related to the Company’s pawn lending activities as of and for the
years ended December 31, 2013 and 2012 (dollars in thousands except where otherwise noted):
As of December 31,
2013 2012 Change % Change
Ending pawn loan balances
Domestic retail services $ 256,772 $ 240,573 $ 16,199 6.7 %
Foreign retail services 4,376 4,067 309 7.6 %
Consolidated pawn loan balances $ 261,148 $ 244,640 $ 16,508 6.7 %
Ending merchandise balance, net
Domestic retail services $ 203,823 $ 161,655 $ 42,168 26.1 %
Foreign retail services 5,076 5,754 (678) (11.8)%
Consolidated merchandise balance, net $ 208,899 $ 167,409 $ 41,490 24.8 %
Year Ended December 31,
2013 2012 Change % Change
Pawn loan fees and service charges
Domestic retail services $ 304,511 $ 288,161 $ 16,350 5.7 %
Foreign retail services 7,288 12,768 (5,480) (42.9)%
Consolidated pawn loan fees and service charges $ 311,799 $ 300,929 $ 10,870 3.6 %
Average pawn loan balance outstanding
Domestic retail services $ 233,166 $ 225,066 $ 8,100 3.6 %
Foreign retail services 4,943 12,055 (7,112) (59.0)%
Consolidated average pawn loans outstanding $ 238,109 $ 237,121 $ 988 0.4 %
Amount of pawn loans written and renewed
Domestic retail services $ 958,542 $ 916,215 $ 42,327 4.6 %
Foreign retail services 56,120 124,263 (68,143) (54.8)%
Consolidated amount of pawn loans written and renewed $ 1,014,662 $ 1,040,478 $ (25,816) (2.5)%
Average amount per pawn loan (in ones)
Domestic retail services $ 127 $ 131 $ (4) (3.1)%
Foreign retail services $ 87 $ 88 $ (1) (1.1)%
Consolidated average amount per pawn loan (in ones) $ 124 $ 124 $ - - %
Annualized yield on pawn loans
Domestic retail services 130.6% 128.0%
Foreign retail services 147.4% 105.9%
Consolidated annualized yield on pawn loans 130.9% 126.9%
Gross profit margin on disposition of merchandise
Domestic retail services 31.6% 33.5%
Foreign retail services 13.3% 12.0%
Consolidated gross profit margin on disposition of merchandise 31.0% 32.1%
Merchandise turnover
Domestic retail services 2.3 2.9
Foreign retail services 2.8 3.9
Consolidated merchandise turnover 2.4 3.0