CASH AMERICA INTERNATIONAL INC - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - February 4, 2015

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8-K - 8-K - CASH AMERICA INTERNATIONAL INCdiscontinuedops8-k.htm
EX-99.1 - EXHIBIT 99.1 - CASH AMERICA INTERNATIONAL INCex991.htm
EX-99.4 - EXHIBIT 99.4 - CASH AMERICA INTERNATIONAL INCex994.htm
EX-99.3 - EXHIBIT 99.3 - CASH AMERICA INTERNATIONAL INCex993.htm
Exhibit 99.2

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(dollars in thousands, except per share data)
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31,
2014
 
 
June 30,
2014
 
 
September 30,
2014
 
 
December 31,
2014
 
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
20,197

 
 
$
113,130

 
 
$
19,291

 
 
$
53,042

 
Restricted cash
8,000

 
 
60

 
 
60

 
 
60

 
Pawn loans
218,093

 
 
263,668

 
 
264,612

 
 
252,168

 
Consumer loans, net
40,843

 
 
45,994

 
 
44,531

 
 
44,853

 
Merchandise held for disposition, net
192,936

 
 
198,919

 
 
215,263

 
 
212,849

 
Pawn loan fees and service charges receivable
43,814

 
 
51,986

 
 
54,501

 
 
53,648

 
Income taxes receivable
—

 
 
9

 
 
—

 
 
8,881

 
Prepaid expenses and other assets
26,967

 
 
40,207

 
 
34,502

 
 
21,317

 
Deferred tax assets
7,778

 
 
8,981

 
 
9,562

 
 
—

 
Note receivable
376,872

 
 
—

 
 
—

 
 
—

 
Investment in equity securities
—

 
 
—

 
 
—

 
 
131,584

 
Current assets of discontinued operations
372,117

 
 
411,347

 
 
447,187

 
 
—

 
Total current assets
1,307,617

 
 
1,134,301

 
 
1,089,509

 
 
778,402

 
Property and equipment, net
219,107

 
 
217,407

 
 
209,784

 
 
201,054

 
Goodwill
449,626

 
 
450,168

 
 
443,196

 
 
443,196

 
Intangible assets, net
50,569

 
 
49,121

 
 
47,472

 
 
45,828

 
Other assets
14,378

 
 
13,116

 
 
10,560

 
 
9,594

 
Noncurrent assets of discontinued operations
301,202

 
 
316,224

 
 
313,193

 
 
—

 
Total assets
$
2,342,499

 
 
$
2,180,337

 
 
$
2,113,714

 
 
$
1,478,074

 
Liabilities and Equity
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
Accounts payable and accrued expenses
$
67,432

 
 
$
69,055

 
 
$
69,410

 
 
$
74,331

 
Customer deposits
17,227

 
 
18,295

 
 
19,271

 
 
17,314

 
Income taxes currently payable
4,235

 
 
—

 
 
1,414

 
 
—

 
Current portion of long-term debt
22,606

 
 
—

 
 
—

 
 
—

 
Current deferred tax liabilities
—

 
 
—

 
 
—

 
 
27,820

 
Current liabilities of discontinued operations
415,183

 
 
62,813

 
 
85,295

 
 
—

 
Total current liabilities
526,683

 
 
150,163

 
 
175,390

 
 
119,465

 
Deferred tax liabilities
63,186

 
 
64,398

 
 
64,968

 
 
72,432

 
Other liabilities
859

 
 
1,161

 
 
1,019

 
 
878

 
Noncurrent liabilities of discontinued operations
46,679

 
 
542,729

 
 
539,782

 
 
—

 
Long-term debt
607,650

 
 
300,000

 
 
206,022

 
 
196,470

 
Total liabilities
1,245,057

 
 
1,058,451

 
 
987,181

 
 
389,245

 
Equity:
 
 
 
 
 
 
 
 
 
 
 
Cash America International, Inc. equity:
 
 
 
 
 
 
 
 
 
 
 
Common stock, $0.10 par value per share, 80,000,000 shares authorized, 30,235,164 shares issued and outstanding
3,024

 
 
3,024

 
 
3,024

 
 
3,024

 
Additional paid-in capital
116,726

 
 
86,184

 
 
87,718

 
 
86,388

 
Retained earnings
1,062,737

 
 
1,082,725

 
 
1,091,629

 
 
990,748

 
Accumulated other comprehensive income
5,182

 
 
7,998

 
 
2,073

 
 
67,225

 
Treasury shares, at cost (2,140,368 shares, 1,382,602 shares, 1,379,345 shares and 1,428,495 shares as of March 31, 2014, June 30, 2014, September 30, 2014, and December 31, 2014, respectively)
(90,227
)
 
 
(58,045
)
 
 
(57,911
)
 
 
(58,556
)
 
Total equity
1,097,442

 
 
1,121,886

 
 
1,126,533

 
 
1,088,829

 
Total liabilities and equity
$
2,342,499

 
 
$
2,180,337

 
 
$
2,113,714

 
 
$
1,478,074

 



CASH AMERICA INTERNATIONAL INC Reports