Cash America 2014 Annual Report Download - page 112

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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
97
Summarized income statement and supplemental cash flow information for the discontinued operations for
the years ended December 31, 2014, 2013 and 2012, is shown below (dollars in thousands, except per share data).
Information for the year ended December 31, 2014 includes only income, expense and cash flow activity prior to
the date of the Enova Spin-off.
Year Ended December 31,
2014
2013
2012
Revenue
Consumer loan fees
$
705,120
$
764,972
$
659,628
Other
658
1,197
1,359
Total Revenue
705,778
766,169
660,987
Cost of Revenue
Consumer loan loss provision
229,816
317,896
287,069
Total Cost of Revenue
229,816
317,896
287,069
Net Revenue
475,962
448,273
373,918
Expenses
Operations and
administration
256,466
280,515
234,358
Depreciation and amortization
15,698
17,143
13,272
Total Expenses
272,164
297,658 247,630
Income from Operations
203,798
150,615 126,288
Interest expense
(31,317
)
(19,842
)
(20,996
)
Interest income
16
54
—
Foreign currency transaction gain (loss)
(539
)
(1,222
)
(342
)
Income before Income Taxes
171,958
129,605
104,950
Provision for income taxes
62,933
46,259
38,381
Net Income from Discontinued Operations $109,025 $83,346 $66,569
Diluted Income per Share from Discontinued Operations
$
3.72
$
2.72
$
2.12
Year Ended December 31,
2014
2013
2012
Cash flows from investing activities
Capital expenditures $11,681 $14,872 $17,872
Significant non-cash operating items
Non-cash interest expense on note payable to Cash America $
—
$19,844 $21,005
Significant non-cash investing items
Consumer loans renewed $262,458 $500,797 $620,097
Cash paid during the year for:
Interest $7,630 $
—
$
—
Income taxes (a) $758 $
170
$499
(a) Represents cash paid for state and local income taxes. Federal income tax payments for 2014, 2013 and 2012 were made by Cash
America.