Cash America 2014 Annual Report Download - page 141

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CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
126
In addition to the summary quarterly financial information provided above, the Company has provided
financial information for each quarter of 2014, conformed to the current period presentation of Enova’s
operations in discontinued operations. The Company’s consolidated statements of income for the quarters ended
March 31, June 30, September 30 and December 31, 2014 are as follows (dollars in thousands):
Three Months Ended
March 31,
2014
June 30,
2014
September 30,
2014
December 31,
2014
Revenue
Pawn loan fees and service charges
$
80,187
$
80,990
$
85,313
$
82,878
Proceeds from disposition of merchandise
176,455
146,772
155,087
181,692
Consumer loan fees 25,759 23,900
24,831
23,184
Other 2,234 1,946
1,779
1,689
Total revenue 284,635 253,608
267,010
289,443
Disposed merchandise 124,564 104,510
114,293
130,770
Consumer loan loss provision 7,598 7,849
8,614
6,948
Total cost of revenue
132,162
112,359
122,907
137,718
Net revenue 152,473 141,249
144,103
151,725
Expenses
Operations and administration
123,419
122,711
124,435
119,900
Loss on divestitures
—
—
5,176
—
Depreciation and amortization 15,143 15,181
15,106
15,512
Total operating expenses 138,562 137,892
144,717
135,412
Income (loss) from operations 13,911 3,357
(614
)16,313
Interest expense (10,068)(8,389)(4,324)(3,739)
Interest income
4,764
2,880
3
—
Foreign currency transaction (loss) gain (2)119
(4
)
—
Loss on extinguishment of debt
(1,546
)
(15,016
)
(5,991
)
—
Income (loss) from continuing operations before income taxes
7,059
(17,049
)
(10,930
)
12,574
Provision (benefit) for income taxes 3,822 (5,303)(1,560)5,082
Net income (loss) from continuing operations 3,237 (11,746)(9,370)7,492
Net income (loss) from discontinued operations, net of tax 42,500 32,717
19,286
14,522
Net income or (loss) attributable to Cash America
International, Inc.
$45,737 $20,971 $
9,916
$22,014