This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cash America Announces Fourth Quarter And Fiscal Year-End Earnings And Declares Dividend

Stocks in this article: CSH

Management believes these measures provide investors with important information needed to evaluate the magnitude of potential loan losses and the opportunity for revenue performance of the consumer loan portfolio on an aggregate basis. The comparison of the aggregate amounts from period to period is more meaningful than comparing only the residual amount on the Company’s balance sheet since both revenue and the loss provision for loans are impacted by the aggregate amount of loans owned by the Company and those guaranteed by the Company as reflected in its financial statements.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

CONSUMER LOAN FINANCIAL AND OPERATING DATA

(dollars in thousands, except where otherwise noted)

       

 

The following tables summarize selected data related to the Company’s consumer loan activities as of and for the three months and years ended December 31, 2012 and 2011.

 
Three Months Ended Year Ended
December 31, December 31,
2012     2011 2012     2011

Combined consumer loan loss provision as a % of combined consumer loans written and renewed (a)

10.4% 9.2% 9.3% 7.4%

Charge-offs (net of recoveries) as a % of combined consumer loans written and renewed (a)

9.7% 7.4% 8.6% 6.6%

Combined consumer loan loss provision as a % of consumer loan fees

    43.6%     44.7%     40.5%     37.7%
   

(a)   The disclosure regarding the amount and number of consumer loans written and renewed is        statistical data that is not included in the Company’s financial statements.

As of December 31,
2012   2011

Company Owned (a)

 

Guaranteed by the Company (a)

  Combined (b)

CompanyOwned (a)

 

Guaranteedby theCompany (a)

  Combined (b)
Ending consumer loan balances:

Retail Services

Short-term loans $ 52,171 $ 7,134 $ 59,305 $ 53,601 $ 9,237 $ 62,838
Installment loans   11,246     9,395     20,641     9,262     7,425     16,687
Total Retail Services, gross   63,417     16,529     79,946     62,863     16,662     79,525

E-Commerce

Domestic
Short-term loans 38,227 44,261 82,488 39,232 39,341 78,573
Line of credit 42,700 - 42,700 21,648 - 21,648
Installment loans   45,996     -     45,996     24,582     -     24,582
Total Domestic, gross   126,923     44,261     171,184     85,462     39,341     124,803
 
Foreign
Short-term loans 108,899 3,946 112,845 101,723 3,420 105,143
Installment loans   75,882     -     75,882     35,802     -     35,802
Total Foreign, gross   184,781     3,946     188,727     137,525     3,420     140,945
Total E-Commerce, gross   311,704     48,207     359,911     222,987     42,761     265,748
 
Total ending loan balance, gross 375,121 64,736 439,857 285,850 59,423 345,273
Less: Allowance and liabilities for losses   (85,703)     (3,498)     (89,201)     (63,072)     (3,062)     (66,134)
Total ending loan balance, net $ 289,418   $ 61,238   $ 350,656   $ 222,778   $ 56,361   $ 279,139
Allowance and liability for losses as a % of combined consumer loan balances, gross (b)   22.8%     5.4%     20.3%     22.1%     5.2%     19.2%
 
(a) GAAP measure. The consumer loan balances guaranteed by the Company represent loans originated by third-party lenders through the Company's credit services organization programs (the "CSO programs"), so these balances are not recorded in the Company’s financial statements. However, the Company has established a liability for estimated losses in support of its guarantee of these loans, which is reflected in the table above and included in its financial statements.
(b) Except for allowance and liability for estimated losses, amounts represent non-GAAP measures.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

CONSUMER LOAN FINANCIAL AND OPERATING DATA

(dollars in thousands, except where otherwise noted)

 

 

The following tables summarize the consumer loans written and renewed for the three months and years ended December 31, 2012 and 2011 (dollars in thousands).

 
Three Months Ended December 31,
2012   2011

Company Owned (a)

 

Guaranteed by the Company (a)(b)

  Combined (a)

CompanyOwned (a)

 

Guaranteedby theCompany (a)(b)

  Combined (a)
Amount of consumer loans written

and renewed:

Retail Services

Short-term loans $ 198,645 $ 36,216 $ 234,861 $ 202,782 $ 46,079 $ 248,861
Installment loans     2,033     7,289     9,322     1,676     5,588     7,264
Total Retail Services     200,678     43,505     244,183     204,458     51,667     256,125

E-Commerce

Domestic
Short-term loans 83,447 206,169 289,616 97,552 189,585 287,137
Line of credit 33,681 - 33,681 20,029 - 20,029
Installment loans     32,244     -     32,244     14,270     -     14,270
Total Domestic     149,372     206,169     355,541     131,851     189,585     321,436
 
Foreign
Short-term loans 271,652 19,868 291,520 252,334 16,441 268,775
Installment loans     41,319     -     41,319     24,510     -     24,510
Total Foreign     312,971     19,868     332,839     276,844     16,441     293,285
Total E-Commerce     462,343     226,037     688,380     408,695     206,026     614,721
 

Total amount of consumer loans written and renewed

  $ 663,021   $ 269,542   $ 932,563   $ 613,153   $ 257,693   $ 870,846
Number of consumer loans written

and renewed:

Retail Services

Short-term loans 414,714 68,508 483,222 430,692 82,935 513,627
Installment loans     1,836     1,339     3,175     1,757     824     2,581
Total Retail Services     416,550     69,847     486,397     432,449     83,759     516,208

E-Commerce

Domestic
Short-term loans 277,756 279,905 557,661 288,098 265,007 553,105
Line of credit 126,292 - 126,292 72,157 - 72,157
Installment loans     30,017     -     30,017     11,521     -     11,521
Total Domestic     434,065     279,905     713,970     371,776     265,007     636,783
 
Foreign
Short-term loans 455,579 25,985 481,564 465,473 23,557 489,030
Installment loans     34,711     -     34,711     21,382     -     21,382
Total Foreign     490,290     25,985     516,275     486,855     23,557     510,412
Total E-Commerce     924,355     305,890     1,230,245     858,631     288,564     1,147,195
 

Total number of consumer loans written and renewed

    1,340,905     375,737     1,716,642     1,291,080     372,323     1,663,403

(a)  The disclosure regarding the amount and number of consumer loans written and renewed is statistical data that is      not included in the Company’s financial statements.

(b)  Loans guaranteed by the Company represent loans originated by third-party lenders through the CSO programs.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

CONSUMER LOAN FINANCIAL AND OPERATING DATA

(dollars in thousands, except where otherwise noted)

 
Year Ended December 31,
2012   2011

Company Owned (a)

 

Guaranteed by the Company (a)(b)

  Combined (a)

CompanyOwned (a)

 

Guaranteedby theCompany (a)(b)

  Combined (a)
Amount of consumer loans written

and renewed:

Retail Services

Short-term loans $ 743,575 $ 145,221 $ 888,796 $ 736,964 $ 174,510 $ 911,474
Installment loans     7,723     17,902     25,625     8,256     15,781     24,037
Total Retail Services     751,298     163,123     914,421     745,220     190,291     935,511

E-Commerce

Domestic
Short-term loans 331,754 747,533 1,079,287 376,041 681,009 1,057,050
Line of credit 116,360 - 116,360 57,012 - 57,012
Installment loans     89,598     -     89,598     42,532     -     42,532
Total Domestic     537,712     747,533     1,285,245     475,585     681,009     1,156,594
 
Foreign
Short-term loans 1,010,334 72,592 1,082,926 820,841 56,917 877,758
Installment loans     133,109     -     133,109     61,307     -     61,307
Total Foreign     1,143,443     72,592     1,216,035     882,148     56,917     939,065
Total E-Commerce     1,681,155     820,125     2,501,280     1,357,733     737,926     2,095,659
 

Total amount of consumer loans written and renewed

  $ 2,432,453   $ 983,248   $ 3,415,701   $ 2,102,953   $ 928,217   $ 3,031,170
Number of consumer loans written

and renewed:

Retail Services

Short-term loans 1,574,163 269,144 1,843,307 1,586,551 309,003 1,895,554
Installment loans     7,088     2,845     9,933     6,858     2,863     9,721
Total Retail Services     1,581,251     271,989     1,853,240     1,593,409     311,866     1,905,275

E-Commerce

Domestic
Short-term loans 1,062,105 1,021,057 2,083,162 1,115,549 958,821 2,074,370
Line of credit 417,171 - 417,171 201,934 - 201,934
Installment loans     87,272     -     87,272     36,151     -     36,151
Total Domestic     1,566,548     1,021,057     2,587,605     1,353,634     958,821     2,312,455
 
Foreign
Short-term loans 1,815,420 95,630 1,911,050 1,543,453 84,897 1,628,350
Installment loans     115,250     -     115,250     53,567     -     53,567
Total Foreign     1,930,670     95,630     2,026,300     1,597,020     84,897     1,681,917
Total E-Commerce     3,497,218     1,116,687     4,613,905     2,950,654     1,043,718     3,994,372
 

Total number of consumer loans written and renewed

    5,078,469     1,388,676     6,467,145     4,544,063     1,355,584     5,899,647
   

(a)   The disclosure regarding the amount and number of consumer loans written and renewed is statistical data that       is not included in the Company’s financial statements.

(b)   Loans guaranteed by the Company represent loans originated by third-party lenders through the CSO programs.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

INCOME FROM OPERATIONS BY OPERATING SEGMENT

(dollars in thousands)

The following tables contain operating segment data for the three months and years ended December 31, 2012 and 2011 (dollars in thousands).

6 of 10

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs