Attached files
| file | filename |
|---|---|
| 8-K/A - 8-K AMENDED DISCONTINUED OPS - CASH AMERICA INTERNATIONAL INC | amendeddiscontinuedops8-k.htm |
| EX-99.1 - EXHIBIT 99.1 - CASH AMERICA INTERNATIONAL INC | ex991.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 | 495,130 | 495,672 | 488,700 | 487,569 | |||||||||||||||
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 | 255,698 | 270,720 | 267,689 | — | |||||||||||||||
Total assets | $ | 2,342,499 | $ | 2,180,337 | $ | 2,113,714 | $ | 1,522,447 | |||||||||||
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 | 1,030,387 | |||||||||||||||
Accumulated other comprehensive income | 5,182 | 7,998 | 2,073 | 71,959 | |||||||||||||||
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 | 1,133,202 | |||||||||||||||
Total liabilities and equity | $ | 2,342,499 | $ | 2,180,337 | $ | 2,113,714 | $ | 1,522,447 | |||||||||||