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Cash America Reports Second Quarter Net Income and Declares Dividend

  Cash America Reports Second Quarter Net Income and Declares Dividend

Business Wire

FORT WORTH, Texas -- July 25, 2013

Cash America International, Inc. (NYSE: CSH) reported today that its net
income for the second quarter ended June 30, 2013 was $25,132,000 (81 cents
per share), which compares to the second quarter 2012 net income of
$29,820,000 (94 cents per share). Earnings per share for the second quarter of
2013 were in line with the Company’s pre-announced earnings issued on July 15,
2013. The reduction in earnings for the second quarter of 2013, when compared
to the second quarter of 2012, is primarily attributable to a decline in gross
profit on disposition proceeds primarily associated with the commercial sales
of refined gold in the Company’s Domestic Retail Services Segment. The second
quarter earnings fell short of the Company’s published earnings guidance
primarily due to reduced customer demand for the loan products provided
through the Company’s Domestic Retail Services Segment, higher expenses for
health insurance and personnel costs and additional interest expense
associated with the $300 million senior note offering which closed in early
May.

Total revenue for the second quarter ended June 30, 2013 was $411.0 million
compared to $411.6 million in the second quarter of 2012. Net revenue, which
is total revenue less cost of merchandise sold and loan loss provision
expense, was up 5% to $244.8 million for the three-month period ended June 30,
2013 compared to the prior year primarily due to growth in the Company’s
E-Commerce Segment. The E-Commerce Segment posted higher total revenue levels
and lower loan losses as a percentage of revenue leading to a 22% increase in
net revenue, which reached $106.0 million for the second quarter ended June
30, 2013 compared to $86.6 million in the same quarter in 2012. The E-Commerce
Segment generated income from operations of $36.4 million in the second
quarter of 2013, representing an increase of 21% compared to the same period
in 2012.

Commenting on the results of the quarter, Daniel R. Feehan, President and
Chief Executive Officer of Cash America said, “The overall financial results
for the second quarter reflect the trends that we have experienced over the
past four quarters. Our Domestic Retail Services Segment has faced an
industry-wide challenge of adjusting to the rapidly changing environment for
the commercial sales of scrap gold and to historically tepid loan demand. At
the same time, our E-Commerce Segment remains a bright spot for our enterprise
with ongoing growth in its revenue and earnings associated with its
diversification of loan products in both the U.S. and international markets.
We expect the trends reflected in our second quarter results will continue
through the balance of 2013.”

For the first six months of fiscal year 2013, total revenue increased 1% to
$879.1 million compared to $869.1 million for the same period in 2012 and net
revenue for the same comparison period was up 5% reaching $516.7 million in
2013 versus $490.4 million in 2012. The Company posted net income of
$69,058,000 ($2.23 per share) for the first six months of fiscal year 2013
compared to $71,287,000 ($2.24 per share) for the same period in 2012.

Cash America will host a conference call to discuss the second quarter results
on Thursday, July 25, at 7:00 AM CDT. A live webcast of the call will be
available on the Investor Relations section of the Company’s corporate website
(http://www.cashamerica.com). To listen to the live call, please go to the
website at least fifteen minutes early to register, download, and install any
necessary audio software. A replay will be available on the Company’s website
following the call.

Additionally, the Company announced that the Board of Directors, at its
regularly scheduled quarterly meeting, declared a $0.035 (3.5 cents) per share
cash dividend on common stock outstanding. The dividend will be paid at the
close of business on August 21, 2013 to shareholders of record on August 7,
2013.

Outlook for the Third Quarter of 2013 and Related Fiscal Year

Management believes that the opportunities for growth in revenue and earnings
will be largely associated with the customer demand for the credit products
provided by the Company, which take the form of pawn loans and consumer loans
and the disposition of unredeemed collateral by way of consumer spending on
retail sales and the commercial sale of refined gold and diamonds. Other
elements that could affect the growth in revenue include the regulatory
governance of consumer loan products, the continued development and growth of
new lending products offered by the Company’s E-Commerce Segment, the
development and growth of the Company’s Mexico-based pawn operations, and the
prevailing market price of gold. As the Company enters the third quarter of
2013, management anticipates that demand for the Company’s consumer loan
products in its Retail Services Segment will continue on a moderate pace
similar to the pace we experienced in the second quarter of 2013, which will
be partially offset by growth in the E-Commerce Segment. Demand for the
Company’s pawn lending products continued to prove challenging in the second
quarter and management expects future growth in its pawn lending business, but
is reserved about expectations for the remainder of 2013.

Based on its views and on the preceding factors, management expects the third
quarter 2013 net income per share to be between 75 cents and 85 cents per
share compared to 37 cents per share in the third quarter of 2012, which
included unusual items mostly related to the Company’s reorganization of its
Mexico based pawn operations in 2012 that reduced net income and earnings per
share by $20.4 million and 65 cents per share, respectively. Based on the
Company’s results through the first half of 2013, which produced earnings per
share of $2.23, and the factors noted above for the remainder of 2013,
management expects its fiscal year 2013 earnings per share to be in a range of
between $4.15 and $4.35 per share, compared to $3.42 per share in fiscal 2012,
which included $25.4 million (81 cents per share) related to the Mexico
reorganization, $8.4 million (27 cents per share) related to the Ohio refund
expense, and $2.5 million (7 cents per share) related to expenses associated
with the July 2012 withdrawal of the Enova International, Inc. proposed
initial public offering.

About the Company

As of June 30, 2013, Cash America International, Inc. operated 964 total
locations offering specialty financial services to consumers, which included
the following:

  *827 lending locations in 22 states in the United States primarily under
    the names “Cash America Pawn,” “SuperPawn,” “Cash America Payday Advance,”
    and “Cashland;”
  *47 pawn lending locations in central and southern Mexico under the name
    “Cash America casa de empeño;” and
  *90 check cashing centers (all of which are unconsolidated franchised check
    cashing centers) operating in 14 states in the United States under the
    name “Mr. Payroll.”

Additionally, as of June 30, 2013, the Company offered consumer loans over the
Internet to customers:

  *in 32 states in the United States at http://www.cashnetusa.com and
    http://www.netcredit.com;
  *in the United Kingdom at http://www.quickquid.co.uk, and
    http://www.poundstopocket.co.uk;
  *in Australia at http://www.dollarsdirect.com.au; and
  *in Canada at http://www.dollarsdirect.ca.

For additional information regarding the Company and the services it provides,
visit the Company’s websites located at:

http://www.cashamerica.com    http://www.poundstopocket.co.uk
http://www.enova.com           http://www.dollarsdirect.com.au
http://www.cashnetusa.com      http://www.dollarsdirect.ca
http://www.netcredit.com       http://www.goldpromise.com
http://www.cashlandloans.com   http://www.mrpayroll.com
http://www.quickquid.co.uk

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995

This release contains forward-looking statements about the business, financial
condition, operations and prospects of the Company. The actual results of the
Company could differ materially from those indicated by the forward-looking
statements because of various risks and uncertainties including, without
limitation: the effect of or changes in domestic and foreign pawn, consumer
credit, tax and other laws and governmental rules and regulations applicable
to the Company's business or changes in the interpretation or enforcement
thereof; the anticipated regulation of providers of consumer financial
products and services by the Consumer Financial Protection Bureau; public
perception of the Company’s business, including its consumer loan business and
its business practices; the deterioration of the political, regulatory or
economic environment in foreign countries where the Company operates or in the
future may operate; fluctuations, including a sustained decrease, in the price
of gold or deterioration in economic conditions; the effect of any current or
future litigation proceedings or any judicial decisions or rule-making that
affect the Company, its products or its arbitration agreements; the actions of
third parties who provide, acquire or offer products and services to, from or
for the Company; changes in demand for the Company’s services, the Company’s
ability to attract and retain qualified executive officers; a prolonged
interruption in the Company’s operations of its facilities, systems and
business functions, including its information technology and other business
systems; the ability of the Company to open new locations in accordance with
its plans or to successfully integrate newly acquired businesses into the
Company’s operations; changes in competition; interest rate and foreign
currency exchange rate fluctuations; changes in the capital markets; changes
in the Company’s ability to satisfy its debt obligations or to refinance
existing debt obligations or obtain new capital to finance growth; security
breaches, cyber attacks or fraudulent activity; compliance with laws and
regulations applicable to international operations; the implementation of new,
or changes in the interpretation of existing, accounting principles or
financial reporting requirements; acts of God, war or terrorism, pandemics and
other events; the effect of any of such changes on the Company’s business or
the markets in which it operates; and other risks and uncertainties indicated
in the Company’s filings with the Securities and Exchange Commission. These
risks and uncertainties are beyond the ability of the Company to control, nor
can the Company predict, in many cases, all of the risks and uncertainties
that could cause its actual results to differ materially from those indicated
by the forward-looking statements. When used in this release, terms such as
“believes,” “estimates,” “should,” “could,” “would,” “plans,” “expects,”
“anticipates,” “may,” “forecasts,” “projects” and similar expressions and
variations as they relate to the Company or its management are intended to
identify forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements to reflect
events or circumstances occurring after the date of this release.


CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
HIGHLIGHTS OF CONSOLIDATED RESULTS OF OPERATIONS
(dollars in thousands, except per share data)
(Unaudited)

                           Three Months Ended         Six Months Ended
                             June 30,                    June 30,
                             2013         2012          2013         2012

Consolidated Operations:
Total revenue                $ 410,951     $ 411,644   $ 879,079     $ 869,132
Net revenue                    244,761       233,608     516,702       490,392
Total expenses              195,513    179,377   389,868    364,153

Income from Operations       $ 49,248      $ 54,231    $ 126,834     $ 126,239

Income before income        40,390     47,283    110,106    112,114
taxes

Net Income                 $ 25,444    $ 29,220   $ 69,366    $ 69,743

Net (income) loss
attributable to the         (312    )   600       (308    )   1,544
noncontrolling interest

Net Income Attributable
to Cash America            $ 25,132    $ 29,820   $ 69,058    $ 71,287
International, Inc.

Earnings per share:
Net Income attributable to Cash America International, Inc.

common shareholders:
Basic                        $ 0.88        $ 1.01      $ 2.39        $ 2.41
Diluted                      $ 0.81        $ 0.94      $ 2.23        $ 2.24

Weighted average common
shares outstanding:
Basic                          28,721        29,645      28,910        29,631
Diluted                        30,845        31,822      31,023        31,867


CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS
(dollars in thousands, except per share data)
(Unaudited)
                            June 30,                        December 31,
                              2013           2012            2012
                                                                   
Assets
Current assets:
Cash and cash                $ 131,905         $ 68,939          $ 63,134
equivalents
Pawn loans                     229,574           232,909           244,640
Consumer loans, net            287,127           226,364           289,418
Merchandise held for           155,112           144,814           167,409
disposition, net
Pawn loan fees and
service charges                45,566            44,606            48,991
receivable
Income taxes receivable        25,495            -                 -
Prepaid expenses and           30,985            34,578            35,605
other assets
Deferred tax assets         43,628        37,846        48,992    
Total current assets           949,392           790,056           898,189
Property and equipment,        250,842           255,685           261,771
net
Goodwill                       608,242           564,313           608,216
Intangible assets, net         34,067            32,819            36,473
Other assets                21,571        15,503        13,609    
Total assets               $ 1,864,114    $ 1,658,376    $ 1,818,258 
                                                                   
Liabilities and Equity
Current liabilities:
Accounts payable and         $ 123,037         $ 93,569          $ 126,664
accrued expenses
Customer deposits              12,962            11,537            11,420
Income taxes currently         -                 2,135             5,922
payable
Current portion of          22,606        35,939        43,617    
long-term debt
Total current                  158,605           143,180           187,623
liabilities
Deferred tax liabilities       103,759           93,930            101,711
Noncurrent income tax          36,834            2,449             2,703
payable
Other liabilities              1,609             1,137             888
Long-term debt              547,218       438,462       534,713   
Total liabilities          $ 848,025      $ 679,158      $ 827,638   
                                                                   
Equity:
Cash America
International, Inc.
equity:
Common stock, $0.10 par
value per share,
80,000,000 shares              3,024             3,024             3,024
authorized, 30,235,164
shares issued and
outstanding
Additional paid-in             156,349           166,135           157,613
capital
Retained earnings              946,483           845,292           879,434
Accumulated other
comprehensive (loss)           (362      )       (3,988    )       3,128
income
Treasury shares, at cost
(2,107,082 shares,
929,223 shares and
1,351,712 shares as of      (89,405   )    (34,861   )    (51,304   )
June 30, 2013 and 2012,
and as of December 31,
2012, respectively)
Total Cash America
International, Inc.            1,016,089         975,602           991,895
shareholders' equity
Noncontrolling interest     -             3,616         (1,275    )
Total equity                1,016,089     979,218       990,620   
Total liabilities and      $ 1,864,114    $ 1,658,376    $ 1,818,258 
equity

                                              
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(dollars in thousands, except per share data)

(Unaudited)
                                                   
                   Three Months Ended              Six Months Ended
                   June 30,                        June 30,
                   2013          2012            2013          2012
                                                                     
Revenue
Pawn loan fees
and service        $ 72,728        $ 72,051        $ 148,642       $ 144,950
charges
Proceeds from
disposition of       131,532         155,956         310,249         364,339
merchandise
Consumer loan        202,431         180,722         412,636         353,562
fees
Other             4,260       2,915       7,552       6,281   
Total Revenue     410,951     411,644     879,079     869,132 
Cost of
Revenue
Disposed             88,961          105,639         210,296         243,960
merchandise
Consumer loan     77,229      72,397      152,081     134,780 
loss provision
Total Cost of     166,190     178,036     362,377     378,740 
Revenue
                                                                     
Net Revenue       244,761     233,608     516,702     490,392 
Expenses
Operations and       177,513         164,190         354,337         334,345
administration
Depreciation
and               18,000      15,187      35,531      29,808  
amortization
Total Expenses    195,513     179,377     389,868     364,153 
Income from          49,248          54,231          126,834         126,239
Operations
Interest             (8,903  )       (6,693  )       (16,348 )       (13,869 )
expense
Interest             5               28              68              57
income
Foreign
currency             65              (252    )       (312    )       (165    )
transaction
gain (loss)
Equity in loss
of                (25     )    (31     )    (136    )    (148    )
unconsolidated
subsidiary
Income before        40,390          47,283          110,106         112,114
Income Taxes
Provision for     14,946      18,063      40,740      42,371  
income taxes
Net Income           25,444          29,220          69,366          69,743
Net (income)
loss
attributable      (312    )    600         (308    )    1,544   
to the
noncontrolling
interest
Net Income
Attributable
to Cash          $ 25,132     $ 29,820     $ 69,058     $ 71,287  
America
International,
Inc.
Earnings Per
Share:
Net Income
attributable
to Cash
America
International,
Inc. common
shareholders:
Basic              $ 0.88          $ 1.01          $ 2.39          $ 2.41
Diluted            $ 0.81          $ 0.94          $ 2.23          $ 2.24
Weighted
average common
shares
outstanding:
Basic                28,721          29,645          28,910          29,631
Diluted              30,845          31,822          31,023          31,867
Dividends
declared per       $ 0.035         $ 0.035         $ 0.070         $ 0.070
common share

                
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
PAWN LENDING ACTIVITIES – FINANCIAL AND OPERATING DATA

The following tables outline certain data related to the pawn loan activities
of Cash America International, Inc. and its subsidiaries (the “Company”) as of
and for the three and six months ended June 30, 2013 and 2012 (dollars in
thousands).
                    
                    As of June 30,
                    2013            2012          Change        % Change
Ending pawn
loan balances
Domestic
retail              $  224,622        $ 221,572       $ 3,050         1.4   %
services
Foreign
retail              4,952        11,337      (6,385  )   (56.3 )%
services
Consolidated
pawn loan         $  229,574     $ 232,909    $ (3,335  )   (1.4  )%
balances
                                                                      
Ending
merchandise
balance, net
Domestic
retail              $  149,244        $ 132,758       $ 16,486        12.4  %
services
Foreign
retail              5,868        12,056      (6,188  )   (51.3 )%
services
Consolidated
merchandise       $  155,112     $ 144,814    $ 10,298     7.1   %
balance, net
                                                                      
                    Three Months Ended June 30,
                    2013              2012            Change          % Change
Pawn loan
fees and
service
charges
Domestic
retail              $  70,802         $ 68,185        $ 2,617         3.8   %
services
Foreign
retail              1,926        3,866       (1,940  )   (50.2 )%
services
Consolidated
pawn loan
fees and          $  72,728      $ 72,051     $ 677        0.9   %
service
charges
                                                                      
Average pawn
loan balance
outstanding
Domestic
retail              $  211,195        $ 207,195       $ 4,000         1.9   %
services
Foreign
retail              5,237        13,661      (8,424  )   (61.7 )%
services
Consolidated
average pawn      $  216,432     $ 220,856    $ (4,424  )   (2.0  )%
loans
outstanding
                                                                      
Amount of
pawn loans
written and
renewed
Domestic
retail              $  234,327        $ 231,354       $ 2,973         1.3   %
services
Foreign
retail              15,166       32,240      (17,074 )   (53.0 )%
services
Consolidated
amount of
pawn loans        $  249,493     $ 263,594    $ (14,101 )   (5.3  )%
written and
renewed
                                                                      
Average
amount per
pawn loan (in
ones)
Domestic
retail              $  126            $ 129           $ (3      )     (2.3  )%
services
Foreign
retail              $  89             $ 84            $ 5             6.0   %
services
Consolidated
average
amount per        $  123         $ 121        $ 2          1.7   %
pawn loan (in
ones)
                                                                      
Annualized
yield on pawn
loans
Domestic
retail                 134.5    %       132.4   %
services
Foreign
retail                 147.5    %       113.8   %
services
Consolidated
annualized          134.8    %    131.2   %               
yield on pawn
loans
                                                                      
Gross profit
margin on
disposition
of
merchandise
Domestic
retail                 32.9     %       34.0    %
services
Foreign
retail                 16.4     %       10.3    %
services
Gross profit
margin on
disposition         32.4     %    32.3    %               
of
merchandise
                                                                      
Merchandise
turnover
Domestic
retail                 2.4              2.9
services
Foreign
retail                 2.6              3.5
services
Consolidated
merchandise         2.4          3.0                    
turnover

                   
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

PAWN LENDING ACTIVITIES – FINANCIAL AND OPERATING DATA
                      
                      Six Months Ended June 30,
                      2013          2012          Change        % Change
Pawn loan fees
and service
charges
Domestic retail       $ 144,976       $ 137,598       $ 7,378         5.4   %
services
Foreign retail       3,666       7,352       (3,686  )   (50.1 )%
services
Consolidated pawn
loan fees and       $ 148,642    $ 144,950    $ 3,692      2.5   %
service charges
                                                                      
Average pawn loan
balance
outstanding
Domestic retail       $ 219,709       $ 214,058       $ 5,651         2.6   %
services
Foreign retail       4,858       14,613      (9,755  )   (66.8 )%
services
Consolidated
average pawn        $ 224,567    $ 228,671    $ (4,104  )   (1.8  )%
loans outstanding
                                                                      
Amount of pawn
loans written and
renewed
Domestic retail       $ 449,703       $ 436,809       $ 12,894        3.0   %
services
Foreign retail       28,259      69,636      (41,377 )   (59.4 )%
services
Consolidated
amount of pawn      $ 477,962    $ 506,445    $ (28,483 )   (5.6  )%
loans written and
renewed
                                                                      
Average amount
per pawn loan (in
ones)
Domestic retail       $ 128           $ 130           $ (2      )     (1.5  )%
services
Foreign retail        $ 87            $ 92            $ (5      )     (5.4  )%
services
Consolidated
average amount      $ 124        $ 123        $ 1          0.8   %
per pawn loan (in
ones)
                                                                      
Annualized yield
on pawn loans
Domestic retail         133.1   %       129.3   %
services
Foreign retail          152.2   %       101.2   %
services
Consolidated
annualized yield     133.5   %    127.5   %               
on pawn loans
                                                                      
Gross profit
margin on
disposition of
merchandise
Domestic retail         32.6    %       34.7    %
services
Foreign retail          18.3    %       10.0    %
services
Consolidated
gross profit
margin on            32.2    %    33.0    %               
disposition of
merchandise
                                                                      
Merchandise
turnover
Domestic retail         2.7             3.2
services
Foreign retail          2.6             3.8
services
Consolidated
merchandise          2.7         3.3                    
turnover

             
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
MERCHANDISE DISPOSITION, GROSS PROFIT AND OPERATING DATA

Profit from the disposition of merchandise represents the proceeds received from the disposition
of merchandise in excess of the cost of disposed merchandise, which is the Company's cost basis
in the pawn loan or the amount paid for purchased merchandise. The following tables summarize the
proceeds from the disposition of merchandise and the related profit for the three and six months
ended June 30, 2013 and 2012 (dollars in thousands).
                
                Three Months Ended June 30,
                2013                                     2012
                Retail       Commercial   Total         Retail       Commercial   Total
Proceeds
from            $ 89,836      $ 41,696      $ 131,532     $ 83,623      $ 72,333      $ 155,956
disposition
Gross
profit on       $ 33,385      $ 9,186       $ 42,571      $ 31,701      $ 18,616      $ 50,317
disposition
Gross
profit            37.2    %     22.0    %     32.4    %     37.9    %     25.7    %     32.3    %
margin
Percentage
of total          78.4    %     21.6    %     100.0   %     63.0    %     37.0    %     100.0   %
gross
profit
                                                                                                
                Six Months Ended June 30,
                2013                                      2012
                Retail        Commercial    Total         Retail        Commercial    Total
Proceeds
from            $ 202,246     $ 108,003     $ 310,249     $ 195,655     $ 168,684     $ 364,339
disposition
Gross
profit on       $ 75,375      $ 24,578      $ 99,953      $ 73,447      $ 46,932      $ 120,379
disposition
Gross
profit            37.3    %     22.8    %     32.2    %     37.5    %     27.8    %     33.0    %
margin
Percentage
of total          75.4    %     24.6    %     100.0   %     61.0    %     39.0    %     100.0   %
gross
profit
                                                                                                

The following table summarizes the age of merchandise held for disposition
before valuation allowance of $0.9 million and $0.7 million as of June 30,
2013 and 2012, respectively (dollars in thousands).

                                As of June 30,
                                   2013                  2012
                                   Amount      %         Amount      %
Jewelry - held for one year or     $ 90,105      57.8      $ 89,125      61.3
less
Other merchandise - held for      56,398    36.1     49,666    34.1
one year or less
Total merchandise held for one    146,503   93.9     138,791   95.4
year or less
Jewelry - held for more than         3,856       2.4         2,562       1.8
one year
Other merchandise - held for      5,702     3.7      4,161     2.8
more than one year
Total merchandise held for        9,558     6.1      6,723     4.6
more than one year
Total merchandise held for       $ 156,061   100.0   $ 145,514   100.0
disposition
                                                                         

                
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSUMER LOAN FINANCIAL AND OPERATING DATA

The following tables set forth consumer loan fees by segment, adjusted for the deduction of the
loan loss provision for the three and six months ended June 30, 2013 and 2012 (dollars in
thousands, except where otherwise noted).
                   
                   Three Months Ended June 30,
                   2013                                     2012
                   Retail       E-Commerce   Total         Retail      E-Commerce   Total
                   Services                                  Services
Interest and
fees on            $ 23,529      $ 103,031     $ 126,560     $ 25,894     $ 112,046     $ 137,940
short-term
loans
Interest and
fees on line         -             28,283        28,283        -            14,270        14,270
of credit
accounts
Interest and
fees on           3,118      44,470     47,588     2,685     25,827     28,512  
installment
loans
Consumer loan      $ 26,647      $ 175,784     $ 202,431     $ 28,579     $ 152,143     $ 180,722
fees
Consumer loan     7,112      70,117     77,229     6,603     65,794     72,397  
loss provision
Consumer loan
fees, net of     $ 19,535    $ 105,667   $ 125,202   $ 21,976   $ 86,349    $ 108,325 
loss provision
                                                                                                  
Year-over-year     $ (2,441)     $ 19,318      $ 16,877      $ (588)      $ 21,628      $ 21,040
change - $
Year-over-year       (11.1)  %     22.4    %     15.6    %     (2.6)  %     33.4    %     24.1    %
change - %
Consumer loan
loss provision
as a % of
consumer loan     26.7    %   39.9    %   38.2    %   23.1   %   43.2    %   40.1    %
fees


                                                                                                  
                   Six Months Ended June 30,
                   2013                                      2012
                   Retail        E-Commerce    Total         Retail       E-Commerce    Total
                   Services                                  Services
Interest and
fees on            $ 48,736      $ 218,039     $ 266,775     $ 52,805     $ 221,777     $ 274,582
short-term
loans
Interest and
fees on line         -             51,517        51,517        -            25,921        25,921
of credit
accounts
Interest and
fees on           6,233      88,111     94,344     5,146     47,913     53,059  
installment
loans
Consumer loan      $ 54,969      $ 357,667     $ 412,636     $ 57,951     $ 295,611     $ 353,562
fees
Consumer loan     13,890     138,191    152,081    11,069    123,711    134,780 
loss provision
Consumer loan
fees, net of     $ 41,079    $ 219,476   $ 260,555   $ 46,882   $ 171,900   $ 218,782 
loss provision
                                                                                                  
Year-over-year     $ (5,803)     $ 47,576      $ 41,773      $ 1,666      $ 46,204      $ 47,870
change - $
Year-over-year       (12.4)  %     27.7    %     19.1    %     3.7    %     36.8    %     28.0    %
change - %
Consumer loan
loss provision
as a % of         25.3    %   38.6    %   36.9    %   19.1   %   41.8    %   38.1    %
consumer loan
fees
                                                                                                  

In addition to reporting consumer loans owned by the Company and consumer
loans guaranteed by the Company, which are either generally accepted
accounting principles (“GAAP”) items or disclosures required by GAAP, the
Company has provided combined consumer loans, which is a non-GAAP measure. In
addition, the Company has reported consumer loans written and renewed, which
is statistical data that is not included in the Company’s financial
statements. The Company also reports allowances and liabilities for estimated
losses on consumer loans individually and on a combined basis, which are GAAP
measures that are included in the Company’s financial statements.

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. Management believes 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 consumer loan
loss provision 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
                                                                                
     The following tables summarize selected data related to the Company’s consumer loan activities as
     of and for the three and six months ended June 30, 2013 and 2012 (dollars in thousands, except
     where otherwise noted).
     
                                             Three Months Ended                 Six Months Ended
                                             June 30,                           June 30,
                                             2013           2012              2013          2012
     Combined consumer loan loss
     provision as a % of combined            9.3     %        8.8    %          9.2  %         8.4     %
     consumer loans written and
     renewed^(a)
     Charge-offs (net of recoveries)
     as a % of combined consumer loans       8.9     %        7.2    %          9.5  %         8.0     %
     written and renewed^(a)
     Combined consumer loan loss
    provision as a % of consumer loan     38.2    %      40.1   %        36.9 %       38.1    %
     fees
^(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 June 30,
                   2013                                       2012
                   Company       Guaranteed                   Company         Guaranteed
                   Owned^(a)    by the       Combined^(b)   Owned^(a)       by the        Combined^(b)
                                 Company^(a)                                  Company^(a)
     Ending
     consumer
     loan
     balances:
     Retail
     Services
     Short-term    $ 45,324      $  5,338      $  50,662      $   46,700      $ 7,055       $  53,755
     loans
     Installment   9,819       10,131     19,950       9,146      6,296       15,442  
     loans
     Total
     Retail        55,143      15,469     70,612       55,846     13,351      69,197  
     Services,
     gross
     E-Commerce
     Domestic
     Short-term      31,594         35,115        66,709          35,644        37,093         72,737
     loans
     Line of
     credit          47,368         -             47,368          30,595        -              30,595
     accounts
     Installment   44,509      -          44,509       25,795     -           25,795  
     loans
     Total
     Domestic,     123,471     35,115     158,586      92,034     37,093      129,127 
     gross
     
     Foreign
     Short-term      91,240         301           91,541          94,411        3,541          97,952
     loans
     Line of
     credit          10,703         -             10,703          -             -              -
     accounts
     Installment   86,433      -          86,433       54,644     -           54,644  
     loans
     Total
     Foreign,      188,376     301        188,677      149,055    3,541       152,596 
     gross
     Total
     E-Commerce,   311,847     35,416     347,263      241,089    40,634      281,723 
     gross
     
     Total
     ending loan     366,990        50,885        417,875         296,935       53,985         350,920
     balance,
     gross
     Less:
     Allowance
     and           (79,863 )    (3,047 )    (82,910 )     (70,571 )   (2,795  )    (73,366 )
     liabilities
     for losses
     Total
     ending loan  $ 287,127   $  47,838   $  334,965   $   226,364   $ 51,190    $  277,554 
     balance,
     net
     Allowance
     and
     liability
     for losses
     as a % of     21.8    %    6.0    %    19.8    %     23.8    %   5.2     %    20.9    %
     consumer
     loan
     balances,
     gross^(c)
     
     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
^(a) 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.
^(c) Non-GAAP measure.

                  
     CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
     CONSUMER LOAN FINANCIAL AND OPERATING DATA
     
     The following tables summarize the consumer loans written and renewed for the three and six months ended
     June 30, 2013 and 2012 (dollars in thousands, except where otherwise noted).
                     
                     Three Months Ended June 30,
                     2013                                         2012
                     Company       Guaranteed                      Company       Guaranteed
                     Owned^(a)    by the          Combined^(a)   Owned^(a)    by the          Combined^(a)
                                   Company^(a)(b)                                Company^(a)(b)
     Amount of
     consumer
     loans
     written and
     renewed
     (dollars in
     thousands):
     Retail
     Services
     Short-term      $ 167,896     $    26,446      $  194,342     $ 177,924     $    35,295      $  213,219
     loans
     Installment    2,051          5,274        7,325       2,153          4,296        6,449
     loans
     Total
     Retail         169,947        31,720       201,667     180,077        39,591       219,668
     Services
     E-Commerce
     Domestic
     Short-term        71,507           163,236        234,743       85,007           181,120        266,127
     loans
     Line of
     credit            37,649           -              37,649        29,136           -              29,136
     accounts
     Installment    31,385         -            31,385      16,101         -            16,101
     loans
     Total          140,541        163,236      303,777     130,244        181,120      311,364
     Domestic
     
     Foreign
     Short-term        249,953          739            250,692       246,373          17,251         263,624
     loans
     Line of
     credit            13,484           -              13,484        -                -              -
     accounts
     Installment    64,665         -            64,665      31,728         -            31,728
     loans
     Total          328,102        739          328,841     278,101        17,251       295,352
     Foreign
     Total          468,643        163,975      632,618     408,345        198,371      606,716
     E-Commerce
     
     Total
     amount of
     consumer
     loans         $ 638,590    $    195,695    $  834,285    $ 588,422    $    237,962    $  826,384

     written and
     renewed
     
     Number of
     consumer
     loans
     written and
     renewed (in
     ones):
     Retail
     Services
     Short-term        354,546          51,763         406,309       381,179          64,945         446,124
     loans
     Installment    1,798          928          2,726       1,943          567          2,510
     loans
     Total
     Retail         356,344        52,691       409,035     383,122        65,512       448,634
     Services
     E-Commerce
     Domestic
     Short-term        242,617          227,956        470,573       270,049          250,776        520,825
     loans
     Line of
     credit            139,550          -              139,550       100,144          -              100,144
     accounts
     Installment    30,229         -            30,229      15,796         -            15,796
     loans
     Total          412,396        227,956      640,352     385,989        250,776      636,765
     Domestic
     
     Foreign
     Short-term        454,293          919            455,212       473,060          23,144         496,204
     loans
     Line of
     credit            30,748           -              30,748        -                -              -
     accounts
     Installment    56,679         -            56,679      28,421         -            28,421
     loans
     Total          541,720        919          542,639     501,481        23,144       524,625
     Foreign
     Total          954,116        228,875      1,182,991   887,470        273,920      1,161,390
     E-Commerce
     
     Total
     number of
     consumer       1,310,460      281,566      1,592,026   1,270,592      339,432      1,610,024
     loans
     written and
     renewed
     
^(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
                     
                     Six Months Ended June 30,
                     2013                                         2012
                     Company       Guaranteed                      Company       Guaranteed
                     Owned^(a)    by the          Combined^(a)   Owned^(a)    by the          Combined^(a)
                                   Company^(a)(b)                                Company^(a)(b)
     Amount of
     consumer
     loans
     written and
     renewed
     (dollars in
     thousands):

     
     Retail
     Services
     Short-term      $ 339,816     $    54,772      $  394,588     $ 353,598     $    72,662      $  426,260
     loans
     Installment    3,497          8,986        12,483      3,664          6,156        9,820
     loans
     Total
     Retail         343,313        63,758       407,071     357,262        78,818       436,080
     Services
     E-Commerce
     Domestic
     Short-term        144,135          337,502        481,637       166,688          343,402        510,090
     loans
     Line of
     credit            66,455           -              66,455        47,513           -              47,513
     accounts
     Installment    56,056         -            56,056      27,367         -            27,367
     loans
     Total          266,646        337,502      604,148     241,568        343,402      584,970
     Domestic
                                                                                                     
     Foreign
     Short-term        516,280          13,971         530,251       486,895          35,048         521,943
     loans
     Line of
     credit            13,484           -              13,484        -                -              -
     accounts
     Installment    105,250        -            105,250     56,410         -            56,410
     loans
     Total          635,014        13,971       648,985     543,305        35,048       578,353
     Foreign
     Total          901,660        351,473      1,253,133   784,873        378,450      1,163,323
     E-Commerce
     
     Total
     amount of
     consumer      $ 1,244,973  $    415,231    $  1,660,204  $ 1,142,135  $    457,268    $  1,599,403
     loans
     written and
     renewed:
                                                                                                     
     Number of
     consumer
     loans
     written and
     renewed (in
     ones):
     Retail
     Services
     Short-term        709,859          105,752        815,611       750,563          131,676        882,239
     loans
     Installment    3,194          1,562        4,756       3,480          844          4,324
     loans
     Total
     Retail         713,053        107,314      820,367     754,043        132,520      886,563
     Services
     E-Commerce
     Domestic
     Short-term        485,865          463,178        949,043       515,493          469,902        985,395
     loans
     Line of
     credit            251,201          -              251,201       171,085          -              171,085
     accounts
     Installment    53,414         -            53,414      25,811         -            25,811
     loans
     Total          790,480        463,178      1,253,658   712,389        469,902      1,182,291
     Domestic
     
     Foreign
     Short-term        921,197          18,235         939,432       925,263          46,499         971,762
     loans
     Line of
     credit            30,748           -              30,748        -                -              -
     accounts
     Installment    89,754         -            89,754      50,203         -            50,203
     loans
     Total          1,041,699      18,235       1,059,934   975,466        46,499       1,021,965
     Foreign
     Total          1,832,179      481,413      2,313,592   1,687,855      516,401      2,204,256
     E-Commerce
     
     Total
     number of
     consumer       2,545,232      588,727      3,133,959   2,441,898      648,921      3,090,819
     loans
     written and
     renewed
     
^(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
                                                                                               
The following tables contain operating segment data for the three and six months ended June 30, 2013 and 2012 by segment,
for the Company’s corporate operations and on a consolidated basis (dollars in thousands).
                                                                                                               
                                                                                                               
                   Retail Services                           E-Commerce
                   Domestic      Foreign       Total         Domestic    Foreign     Total       Corporate     Consolidated
                                                                                                               
Three Months
Ended June 30,
2013
Revenue
Pawn loan fees
and service        $ 70,802      $ 1,926       $ 72,728      $ -         $ -         $ -         $ -           $  72,728
charges
Proceeds from
disposition of       127,214       4,318         131,532       -           -           -           -              131,532
merchandise
Consumer loan        26,647        -             26,647        87,502      88,282      175,784     -              202,431
fees
Other             1,918       829        2,747       361       16        377       1,136       4,260
Total revenue     226,581     7,073      233,654     87,863    88,298    176,161   1,136       410,951
Cost of
revenue
Disposed             85,352        3,609         88,961        -           -           -           -              88,961
merchandise
Consumer loan     7,112       -          7,112       33,343    36,774    70,117    -           77,229
loss provision
Total cost of     92,464      3,609      96,073      33,343    36,774    70,117    -           166,190
revenue
                                                                                                               
Net revenue       134,117     3,464      137,581     54,520    51,524    106,044   1,136       244,761
Expenses
Operations and       89,487        3,569         93,056        30,489      34,618      65,107      19,350         177,513
administration
Depreciation
and               8,900       430        9,330       3,750     835       4,585     4,085       18,000
amortization
Total expenses    98,387      3,999      102,386     34,239    35,453    69,692    23,435      195,513
Income (loss)
from             $ 35,730     $ (535    )  $ 35,195     $ 20,281   $ 16,071   $ 36,352   $ (22,299 )  $  49,248
operations
As of June 30,
2013
Total assets       $ 1,023,015   $ 123,601     $ 1,146,616   $ 389,155   $ 195,532   $ 584,687   $ 132,811     $  1,864,114
Goodwill                                       $ 397,876                             $ 210,366                 $  608,242
                                                                                                               
                   Retail Services                           E-Commerce
                   Domestic      Foreign       Total         Domestic    Foreign     Total       Corporate     Consolidated
                                                                                                               
Three Months
Ended June 30,
2012
Revenue
Pawn loan fees
and service        $ 68,185      $ 3,866       $ 72,051      $ -         $ -         $ -         $ -           $  72,051
charges
Proceeds from
disposition of       144,484       11,472        155,956       -           -           -           -              155,956
merchandise
Consumer loan        28,579        -             28,579        73,802      78,341      152,143     -              180,722
fees
Other             2,185       211        2,396       288       11        299       220         2,915
Total revenue     243,433     15,549     258,982     74,090    78,352    152,442   220         411,644
Cost of
revenue
Disposed             95,345        10,294        105,639       -           -           -           -              105,639
merchandise
Consumer loan     6,603       -          6,603       30,643    35,151    65,794    -           72,397
loss provision
Total cost of     101,948     10,294     112,242     30,643    35,151    65,794    -           178,036
revenue
Net revenue       141,485     5,255      146,740     43,447    43,201    86,648    220         233,608
Expenses
Operations and       88,204        7,822         96,026        25,773      27,778      53,551      14,613         164,190
administration
Depreciation
and               7,514       1,121      8,635       2,727     300       3,027     3,525       15,187
amortization
Total expenses    95,718      8,943      104,661     28,500    28,078    56,578    18,138      179,377
Income (loss)
from             $ 45,767     $ (3,688  )  $ 42,079     $ 14,947   $ 15,123   $ 30,070   $ (17,918 )  $  54,231
operations
As of June 30,
2012
Total assets       $ 900,302     $ 113,498     $ 1,013,800   $ 360,912   $ 152,888   $ 513,800   $ 130,776     $  1,658,376
Goodwill                                       $ 353,945                             $ 210,368                 $  564,313

                                                                                              
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

INCOME FROM OPERATIONS BY OPERATING SEGMENT

(dollars in thousands)
                                                                                                         
                Retail Services                      E-Commerce
                Domestic   Foreign     Total       Domestic   Foreign    Total       Corporate   Consolidated
                                                                                                         
Six Months
Ended June
30, 2013
Revenue
Pawn loan
fees and        $ 144,976   $ 3,666      $ 148,642   $ -         $ -         $ -         $ -         $   148,642
service
charges
Proceeds
from
disposition       301,364     8,885        310,249     -           -           -           -             310,249
of
merchandise
Consumer          54,969      -            54,969      178,143     179,524     357,667     -             412,636
loan fees
Other          4,418     922       5,340     802       23        825       1,387      7,552
Total          505,727   13,473    519,200   178,945   179,547   358,492   1,387      879,079
revenue
Cost of
revenue
                                           210,296
Disposed          203,039     7,257        *Story
merchandise                                too
                                           large*

[TRUNCATED]
 
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