Cash America 2014 Annual Report Download - page 95

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See notes to consolidated financial statements.
80
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(dollars in thousands, except per share data)
Year Ended December
31,
2014
2013
2012
Revenue
Pawn loan fees and service charges
$
329,368
$
311,799
$
300,929
Proceeds from disposition of merchandise
660,006
595,439
703,767
Consumer loan
fees
97,674
113,211
121,892
Other
7,648
10,037
12,855
Total Revenue
1,094,696
1,030,486
1,139,443
Cost of Revenue
Disposed merchandise
474,137
410,613
478,179
Consumer loan loss provision
31,009
33,359
29,225
Total Cost
of Revenue
505,146
443,972
507,404
Net Revenue
589,550
586,514
632,039
Expenses
Operations and administration 490,465
469,218
480,256
Loss on divestitures
5,176
—
—
Depreciation and amortization 60,942
56,128
62,156
Total Expenses 556,583
525,346
542,412
Income from Operations 32,967
61,168
89,627
Interest expense
(26,520
)
(36,319
)
(29,134
)
Interest income
7,647
19,862
21,143
Foreign currency transaction gain 113
17
29
Loss on extinguishment of debt
(22,553
)
(607
)
—
Equity in loss of unconsolidated subsidiary
—
(136
)(295)
(Loss) Income from Continuing Operations before Income Taxes
(8,346
)
43,985
81,370
Provision (benefit) for income taxes
2,041
(15,505
)
46,275
Net (Loss) Income from Continuing Operations before
Noncontrolling Interest
(10,387
)
59,490
35,095
Net (income) loss attributable to the noncontrolling interest in
continuing operations
—
(308
)5,806
Net (Loss) Income from Continuing Operations
(10,387
)
59,182
40,901
Net Income from Discontinued Operations, Net of Tax
109,025
83,346
66,569
Net Income Attributable to Cash America International, Inc.
$
98,638
$
142,528
$
107,470
Earnings Per Share:
Basic Earnings Per Share
Net (Loss) Income from Continuing Operations $
(0.36
) $
2.07
$
1.39
Net Income from Discontinued Operations
$
3.77
$
2.91
$
2.26
Net Income Attributable to Cash America
International, Inc.
$
3.41
$
4.97
$
3.64
Diluted Earnings Per Share
Net (Loss) Income from Continuing Operations $
(0.36
) $
1.93
$
1.30
Net Income from Discontinued Operations
$
3.72
$
2.72
$
2.12
Net Income Attributable to Cash
America International, Inc.
$
3.36
$
4.66
$
3.42
Weighted average common shares outstanding:
Basic
28,901
28,657
29,514
Diluted
29,341
30,613
31,452
Dividends declared per common share
$
0.155
$
0.140
$
0.140