Cash America Announces Fourth Quarter Results and Declares Dividend

  Cash America Announces Fourth Quarter Results and Declares Dividend

Business Wire

FORT WORTH, Texas -- January 23, 2014

Cash America International, Inc. (NYSE: CSH) reported today that its fourth
quarter ended December 31, 2013 net income attributable to the Company was
$27,284,000 (91 cents per share), which included the after-tax impact of
unusual expense items of $2.8 million (10 cents per share). This compares to
$24,480,000 (79 cents per share) for the fourth quarter ended 2012, which
included the after-tax impact of unusual expense items of $15.4 million (50
cents per share).

The $2.8 million of after-tax expenses for unusual items in the 2013 fourth
quarter included costs related to the closure of 28 locations in Texas, which
offered unsecured consumer loans as the primary source of revenue, a
regulatory penalty incurred during the period, an adjustment to the remaining
expected liability for the voluntary refund to customers in Ohio and expenses
related to the early extinguishment of debt. Excluding the effect of these
expenses, fourth quarter 2013 adjusted net income attributable to the Company,
a non-GAAP measure, would have been $30.1 million ($1.01 per share). During
the prior year fourth quarter of 2012, the Company incurred unusual expense
items related to a voluntary refund to customers in Ohio and the
reorganization of its Mexico-based pawn lending business, including the
closure of 115 locations in Mexico, which totaled $15.4 million after taxes
(50 cents per share). Excluding these expenses, adjusted net income
attributable to the Company, a non-GAAP measure, for the fourth quarter of
2012 would have been $39,887,000 ($1.29 per share).

Consolidated net revenue of the Company in the fourth quarter of 2013 was up
2% to $271.6 million compared to $267.1 million in the fourth quarter of 2012.
The increase in net revenue was due to a 10% increase in net consumer loan
fees after loan loss provision expense and a 6% increase in revenue from
secured loans during the quarter, the combination of which offset the
anticipated decrease in net proceeds from the sale of merchandise.

Commenting on the results of the quarter, Daniel R. Feehan, President and
Chief Executive Officer of Cash America, said, “As we expected, the retail
selling environment during the fourth quarter was very competitive, but we
were able to move merchandise during the period while benefiting from
increased revenue from our loan products. We also completed the previously
announced acquisition of a 34-store chain of pawn lending locations during the
fourth quarter, which helped us achieve adjusted earnings that were in line
with our expectations as we entered the quarter.”

Total revenue for the fiscal year ended December 31, 2013 was $1.8 billion,
which compares to $1.8 billion during the twelve-month period in 2012. Net
income attributable to the Company for the twelve months ended December 31,
2013 was $142,528,000 ($4.66 per share), which includes a net benefit from
unusual items during the year of $18.8 million (a benefit of 62 cents per
share). In 2013, the Company recorded a tax benefit related to the disposition
of assets and reorganization of its Mexico-based pawn lending business of
$33.2 million ($1.09 per share), which was partially offset by unusual expense
items of $14.4 million (47 cents per share) related to a litigation settlement
during the third quarter of 2013, the closure of consumer lending locations
mentioned above, a regulatory penalty, an adjustment to the remaining expected
liability for the voluntary refund to customers in Ohio and expenses for the
early extinguishment of debt. Combining these amounts generates the net
benefit of unusual items in 2013 of $18.8 million. Adjusting for the full year
effects of the net benefit in 2013 would result in adjusted net income
attributable to the Company, a non-GAAP measure, of $123.7 million ($4.04 per
share).

In 2012, the Company reported full year net income of $107,470,000 ($3.42 per
share), which included unusual expense items totaling $36.3 million ($1.15 per
share) related to the reorganization of its Mexico-based pawn lending
business, a voluntary refund to customers in Ohio and the withdrawal of a
proposed securities offering. Excluding these unusual items in 2012, adjusted
net income attributable to the Company, a non-GAAP measure, would have been
$143.8 million ($4.57 per share) for the twelve-month period ended December
31, 2012.

Cash America will conduct a conference call to discuss its fourth quarter
earnings on Thursday, January 23, 2014, at 7:00 AM CST. A live web cast of the
call will be available on the Company’s corporate web site in the Investor
Relations section (www.cashamerica.com). To listen to the live call, please go
to the web site at least fifteen minutes early to register, download, and
install any necessary audio software.

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 February 19, 2014 to shareholders of record on February
5, 2014.

Outlook for the First Quarter of 2014 and the 2014 Fiscal Year

Management believes that the opportunities for sustained growth in revenue and
earnings will be largely associated with the customer demand for the credit
products provided by the Company, which primarily take the form of pawn loans
and consumer loans. Other elements expected to affect the growth in revenue
include the potential impact of the regulatory governance of consumer loan
products, the ability to profitably liquidate merchandise primarily from
unredeemed pawn loans, the continued development of the Mexican pawn
operations and the rate of growth of the Company’s e-commerce segment. Based
on the preceding factors management estimates that the first quarter of fiscal
2014 will be between $1.15 and $1.25 in earnings per share compared to $1.40
in the first quarter of 2013. At this time management leaves its previously
reported expectations for its fiscal year 2014 earnings per share unchanged at
between $4.20 to $4.40 per share, which compares to actual full year 2013
earnings per share of $4.66 that includes the after-tax net benefit of unusual
items discussed above of $18.8 million (a net benefit of 62 cents per share).
Excluding the net benefit for unusual items in 2013, adjusted net income
attributable to the Company per share, a non-GAAP measure, for the full year
was $4.04, for the comparison period.

About the Company

As of December 31, 2013, Cash America International, Inc. (the “Company”)
operated 1,006 total locations offering specialty financial services to
consumers, which included the following:

  *869 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 December 31, 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
                                   

Non-GAAP Measures

A reconciliation of adjusted net income attributable to the Company and
adjusted net income attributable to the Company on a per share basis, which
are non-GAAP measures, for the three- and twelve-month periods ended December
31, 2013 and December 31, 2012 discussed above is included in the attachments
for this press release in the “Adjusted Earnings and Adjusted Earnings Per
Share” table.

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 regulatory and examination authority of the Consumer Financial
Protection Bureau in the U.S. and the UK Financial Conduct Authority, which
will become the Company’s primary regulator in the UK in 2014; public
perception of the Company’s business, including its consumer loan business and
its business practices; changes in the political, regulatory or economic
environment in foreign countries where the Company operates or in the future
may operate; the Company’s ability to process or collect consumer loans
through the Automated Clearing House system; 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         Year Ended
                           December 31,                December 31,
                           2013        2012          2013         2012
Consolidated
Operations:
Total revenue              $ 480,346     $ 491,604   $ 1,797,226   $ 1,800,430
Net revenue                  271,649       267,088     1,035,358     1,005,957
Total expenses            215,219    217,600   823,575     790,042
                           
Income from Operations     $ 56,430      $ 49,488    $ 211,783     $ 215,915
                           
Income before income      45,311     41,160    173,590     186,320
taxes
                           
Net Income               $ 27,284    $ 23,991   $ 142,836    $ 101,664
                           
Net loss (income)
attributable to the      $ -         $ 489      $ (308)      $ 5,806
noncontrolling
interest
                           
Net Income
Attributable to Cash     $ 27,284    $ 24,480   $ 142,528    $ 107,470
America International,
Inc.
                           
Earnings per share:
Net Income
attributable to Cash
America International,
Inc. common
shareholders:
Basic                      $ 0.96        $ 0.84      $ 4.97        $ 3.64
Diluted                    $ 0.91        $ 0.79      $ 4.66        $ 3.42
                           
Weighted average
common shares
outstanding:
Basic                        28,391        29,262      28,657        29,514
Diluted                      29,968        30,884      30,613        31,452


  CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

  CONSOLIDATED BALANCE SHEETS
  (dollars in thousands, except per share data)
  (Unaudited)
                                                                
                                                     December 31,
                                                      2013         2012
                                                                     
  Assets
  Current assets:
  Cash and cash equivalents                          $ 69,238      $ 63,134
  Restricted cash                                      8,000         -
  Pawn loans                                           261,148       244,640
  Consumer loans, net                                  358,841       289,418
  Merchandise held for disposition, net                208,899       167,409
  Pawn loan fees and service charges receivable        53,438        48,991
  Income taxes receivable                              9,535         -
  Prepaid expenses and other assets                    33,655        35,605
  Deferred tax assets                                38,800      48,992
  Total current assets                                 1,041,554     898,189
  Property and equipment, net                          261,223       261,771
  Goodwill                                             705,579       608,216
  Intangible assets, net                               52,256        36,473
  Other assets                                       21,129      13,609
  Total assets                                      $ 2,081,741  $ 1,818,258
                                                                     
  Liabilities and Equity
  Current liabilities:
  Accounts payable and accrued expenses              $ 142,078     $ 126,664
  Customer deposits                                    14,803        11,420
  Income taxes currently payable                       -             5,922
  Current portion of long-term debt                  22,606      43,617
  Total current liabilities                            179,487       187,623
  Deferred tax liabilities                             101,417       101,711
  Noncurrent income tax payable                        -             2,703
  Other liabilities                                    1,031         888
  Long-term debt                                     717,383     534,713
  Total liabilities                                 $ 999,318    $ 827,638
                                                                     
  Equity:
  Cash America International, Inc. equity:
  Common stock, $0.10 par value per share,
  80,000,000 shares authorized, 30,235,164 shares      3,024         3,024
  issued and outstanding
  Additional paid-in capital                           150,833       157,613
  Retained earnings                                    1,017,981     879,434
  Accumulated other comprehensive income               4,649         3,128
  Treasury shares, at cost (2,224,902 shares and
  1,351,712 shares at December 31, 2013 and 2012,    (94,064)    (51,304)
  respectively)
  Total Cash America International, Inc.               1,082,423     991,895
  shareholders' equity
  Noncontrolling interest                            -           (1,275)
  Total equity                                       1,082,423   990,620
  Total liabilities and equity                      $ 2,081,741  $ 1,818,258

                                                  
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(dollars in thousands, except per share data)

(Unaudited)
                                                       
                              Three Months Ended       Year Ended
                              December 31,             December 31,
                              2013        2012        2013         2012
Revenue
Pawn loan fees and          $ 83,859     $ 79,479    $ 311,799     $ 300,929
service charges
Proceeds from disposition     156,530      185,935     595,439       703,767
of merchandise
Consumer loan fees            237,984      222,864     878,183       781,520
Other                       1,973      3,326     11,805      14,214
Total Revenue               480,346    491,604   1,797,226   1,800,430
Cost of Revenue
Disposed merchandise          109,216      127,301     410,613       478,179
Consumer loan loss          99,481     97,215    351,255     316,294
provision
Total Cost of Revenue       208,697    224,516   761,868     794,473
                                                                     
Net Revenue                 271,649    267,088   1,035,358   1,005,957
Expenses
Operations and                196,262      199,054     750,304       714,614
administration
Depreciation and            18,957     18,546    73,271      75,428
amortization
Total Expenses              215,219    217,600   823,575     790,042
Income from Operations        56,430       49,488      211,783       215,915
Interest expense              (10,709)     (8,066)     (36,317)      (29,131)
Interest income               3            65          72            144
Foreign currency              (152)        (241)       (1,205)       (313)
transaction loss
Loss on extinguishment of     (261)        -           (607)         -
debt
Equity in loss of           -          (86)      (136)       (295)
unconsolidated subsidiary
Income before Income          45,311       41,160      173,590       186,320
Taxes
Provision for income        18,027     17,169    30,754      84,656
taxes
Net Income                    27,284       23,991      142,836       101,664
Net loss (income)
attributable to the         -          489       (308)       5,806
noncontrolling interest
Net Income Attributable
to Cash America            $ 27,284    $ 24,480   $ 142,528    $ 107,470
International, Inc.
Earnings Per Share:
Net Income attributable
to Cash America
International, Inc.
common shareholders:
Basic                       $ 0.96       $ 0.84      $ 4.97        $ 3.64
Diluted                     $ 0.91       $ 0.79      $ 4.66        $ 3.42
Weighted average common
shares outstanding:
Basic                         28,391       29,262      28,657        29,514
Diluted                       29,968       30,884      30,613        31,452
Dividends declared per      $ 0.035      $ 0.035     $ 0.140       $ 0.140
common share

                   
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

PAWN LENDING ACTIVITIES – FINANCIAL AND OPERATING DATA
(dollars in thousands, except where otherwise noted)

The following tables outline certain data related to pawn loan activities of
Cash America International, Inc. (the “Company”) as of and for the three
months and years ended December 31, 2013 and 2012 (dollars in thousands).
                       
                       As of December 31,
                       2013          2012          Change        % Change
Ending pawn loan
balances
Domestic retail        $  256,772     $  240,573     $  16,199      6.7     %
services
Foreign retail         4,376        4,067        309        7.6     %
services
Consolidated
pawn loan            $  261,148    $  244,640    $  16,508     6.7     %
balances
                                                                            
Ending
merchandise
balance, net
Domestic retail        $  203,823     $  161,655     $  42,168      26.1    %
services
Foreign retail         5,076        5,754        (678)      (11.8)  %
services
Consolidated
merchandise          $  208,899    $  167,409    $  41,490     24.8    %
balance, net
                                                                            
                       Three Months Ended December 31,
                       2013           2012           Change         % Change
Pawn loan fees
and service
charges
Domestic retail        $  82,003      $  77,354      $  4,649       6.0     %
services
Foreign retail         1,856        2,125        (269)      (12.7)  %
services
Consolidated
pawn loan fees       $  83,859     $  79,479     $  4,380      5.5     %
and service
charges
                                                                            
Average pawn
loan balance
outstanding
Domestic retail        $  249,777     $  240,545     $  9,232       3.8     %
services
Foreign retail         5,100        7,775        (2,675)    (34.4)  %
services
Consolidated
average pawn         $  254,877    $  248,320    $  6,557      2.6     %
loans
outstanding
                                                                            
Amount of pawn
loans written
and renewed
Domestic retail        $  250,783     $  241,215     $  9,568       4.0     %
services
Foreign retail         13,817       19,386       (5,569)    (28.7)  %
services
Consolidated
amount of pawn       $  264,600    $  260,601    $  3,999      1.5     %
loans written
and renewed
                                                                            
Average amount
per pawn loan
(in ones)
Domestic retail        $  127         $  133         $  (6)         (4.5)   %
services
Foreign retail         $  89          $  84          $  5           6.0     %
services
Consolidated
average amount       $  124        $  127        $  (3)        (2.4)   %
per pawn loan
(in ones)
                                                                            
Annualized yield
on pawn loans
Domestic retail           130.3%         127.9%
services
Foreign retail            144.4%         108.7%
services
Consolidated
annualized yield       130.5%       127.3%                        
on pawn loans
                                                                            
Gross profit
margin on
disposition of
merchandise
Domestic retail           31.3%          32.6%
services
Foreign retail            2.2%           13.5%
services
Gross profit
margin on              30.2%        31.5%                         
disposition of
merchandise
                                                                            
Merchandise
turnover
Domestic retail           2.1            2.8
services
Foreign retail            3.5            4.3
services
Consolidated
merchandise            2.1          2.9                           
turnover

                                                                
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

PAWN LENDING ACTIVITIES – FINANCIAL AND OPERATING DATA
(dollars in thousands, except where otherwise noted)
                                                                             
                             Year Ended December 31,
                             2013          2012          Change       % Change
Pawn loan fees and
service charges
Domestic retail services     $ 304,511     $ 288,161     $ 16,350     5.7    %
Foreign retail services     7,288       12,768      (5,480)   (42.9) %
Consolidated pawn loan     $ 311,799    $ 300,929    $ 10,870    3.6    %
fees and service charges
                                                                             
Average pawn loan
balance outstanding
Domestic retail services     $ 233,166     $ 225,066     $ 8,100      3.6    %
Foreign retail services     4,943       12,055      (7,112)   (59.0) %
Consolidated average       $ 238,109    $ 237,121    $ 988       0.4    %
pawn loans outstanding
                                                                             
Amount of pawn loans
written and renewed
Domestic retail services     $ 958,542     $ 916,215     $ 42,327     4.6    %
Foreign retail services     56,120      124,263     (68,143)  (54.8) %
Consolidated amount of
pawn loans written and     $ 1,014,662  $ 1,040,478  $ (25,816)  (2.5)  %
renewed
                                                                             
Average amount per pawn
loan (in ones)
Domestic retail services     $ 127         $ 131         $ (4)        (3.1)  %
Foreign retail services      $ 87          $ 88          $ (1)        (1.1)  %
Consolidated average
amount per pawn loan (in   $ 124        $ 124        $ -         -      %
ones)
                                                                             
Annualized yield on pawn
loans
Domestic retail services       130.6%        128.0%
Foreign retail services        147.4%        105.9%
Consolidated annualized     130.9%      126.9%                     
yield on pawn loans
                                                                             
Gross profit margin on
disposition of
merchandise
Domestic retail services       31.6%         33.5%
Foreign retail services        13.3%         12.0%
Gross profit margin on
disposition of              31.0%       32.1%                      
merchandise
                                                                             
Merchandise turnover
Domestic retail services       2.3           2.9
Foreign retail services        2.8           3.9
Consolidated merchandise    2.4         3.0                        
turnover

             
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

MERCHANDISE DISPOSITION, GROSS PROFIT AND INVENTORY OPERATING DATA
(dollars in thousands)

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 months and
years ended December 31, 2013 and 2012 (dollars in thousands).
                
                Three Months Ended December 31,
                2013                                     2012
                Retail       Commercial   Total         Retail       Commercial   Total
Proceeds
from            $ 131,229     $ 25,301      $ 156,530     $ 113,964     $ 71,971      $ 185,935
disposition
Gross
profit on       $ 42,930      $ 4,384       $ 47,314      $ 40,625      $ 18,009      $ 58,634
disposition
Gross
profit            32.7    %     17.3    %     30.2    %     35.6    %     25.0    %     31.5    %
margin
Percentage
of total          90.7    %     9.3     %     100.0   %     69.3    %     30.7    %     100.0   %
gross
profit
                                                                                                
                Year Ended December 31,
                2013                                      2012
                Retail        Commercial    Total         Retail        Commercial    Total
Proceeds
from            $ 427,644     $ 167,795     $ 595,439     $ 391,566     $ 312,201     $ 703,767
disposition
Gross
profit on       $ 151,757     $ 33,069      $ 184,826     $ 144,095     $ 81,493      $ 225,588
disposition
Gross
profit            35.5    %     19.7    %     31.0    %     36.8    %     26.1    %     32.1    %
margin
Percentage
of total          82.1    %     17.9    %     100.0   %     63.9    %     36.1    %     100.0   %
gross
profit

                      
The table below summarizes the age of merchandise held for
disposition before valuation allowance of $0.9 million as of both December 31,
2013 and 2012 (dollars in thousands).
                            
                            As of December 31,
                            2013                       2012
                            Amount         %            Amount        %
Jewelry – held for          $   116,256     55.4         $  99,466      59.1
one year or less
Other merchandise –
held for one year            79,851     38.1         59,914     35.6
or less
Total merchandise
held for one year            196,107    93.5         159,380    94.7
or less
Jewelry – held for              6,734       3.2             3,283       2.0
more than one year
Other merchandise –
held for more than           7,007      3.3          5,597      3.3
one year
Total merchandise
held for more than           13,741     6.5          8,880      5.3
one year
Total merchandise
held for                  $   209,848    100.0      $  168,260    100.0
disposition

                
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

CONSUMER LOAN FINANCIAL AND OPERATING DATA
(dollars in thousands, except where otherwise noted)

The following tables set forth consumer loan fees by segment, adjusted for the deduction of the loan
loss provision for the three months and years ended December 31, 2013 and 2012 (dollars in thousands).
                   
                   Three Months Ended December 31,
                   2013                                       2012
                   Retail         E-Commerce   Total         Retail       E-Commerce   Total
                   Services                                    Services
Interest and
fees on            $ 25,145        $ 79,157      $ 104,302     $ 28,803      $ 120,539     $ 149,342
short-term
loans
Interest and
fees on line         -               68,475        68,475        -             27,558        27,558
of credit
accounts
Interest and
fees on           3,593        61,614     65,207     3,693      42,271     45,964  
installment
loans
Consumer loan      $ 28,738        $ 209,246     $ 237,984     $ 32,496      $ 190,368     $ 222,864
fees
Consumer loan     9,432        90,049     99,481     10,095     87,120     97,215  
loss provision
Consumer loan
fees, net of     $ 19,306      $ 119,197   $ 138,503   $ 22,401    $ 103,248   $ 125,649 
loss provision
                                                                                                     
Year-over-year     $ (3,095)       $ 15,949      $ 12,854      $ (2,410)     $ 28,418      $ 26,008
change - $
Year-over-year       (13.8)   %      15.4    %     10.2    %     (9.7)   %     38.0    %     26.1    %
change - %
Consumer loan
loss provision
as a % of         32.8     %    43.0    %   41.8    %   31.1    %   45.8    %   43.6    %
consumer loan
fees
                                                                                                     
                   Year Ended December 31,
                   2013                                        2012
                   Retail          E-Commerce    Total         Retail        E-Commerce    Total
                   Services                                    Services
Interest and
fees on            $ 100,146       $ 389,706     $ 489,852     $ 109,972     $ 459,793     $ 569,765
short-term
loans
Interest and
fees on line         -               170,496       170,496       -             73,572        73,572
of credit
accounts
Interest and
fees on           13,065       204,770    217,835    11,920     126,263    138,183 
installment
loans
Consumer loan      $ 113,211       $ 764,972     $ 878,183     $ 121,892     $ 659,628     $ 781,520
fees
Consumer loan     33,359       317,896    351,255    29,225     287,069    316,294 
loss provision
Consumer loan
fees, net of     $ 79,852      $ 447,076   $ 526,928   $ 92,667    $ 372,559   $ 465,226 
loss provision
                                                                                                     
Year-over-year     $ (12,815)      $ 74,517      $ 61,702      $ (2,524)     $ 94,792      $ 92,268
change - $
Year-over-year       (13.8)   %      20.0    %     13.3    %     (2.7)   %     34.1    %     24.7    %
change - %
Consumer loan
loss provision
as a % of         29.5     %    41.6    %   40.0    %   24.0    %   43.5    %   40.5    %
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. 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,
2013 and 2012.

The following table shows short-term loans and related loan loss activity,
which is based on the volume of loans written and renewed, for the three
months ended December 31, 2013 and 2012.
                                               
                                               Three Months Ended
                                               December 31,
                                               2013               2012
Short-term loans:
Combined consumer loan loss
provision as a % of combined                   5.5%                6.8%
consumer loans written and
renewed^(a)
Charge-offs (net of recoveries)
as a % of combined consumer                    7.2%                6.6%
loans written and renewed^(a)
Combined consumer loan loss
provision as a % of consumer                   32.2%               37.3%
loan fees
Allowance and liability for
losses as a % of combined
                                             15.1%              19.2%
consumer loans and fees
receivable, gross^(b)
                                                                   
^(a) The disclosure regarding the amount of consumer loans written and renewed
is statistical data that is not included in the Company's financial
statements.
^(b) Non-GAAP measure.


                                      
The following table shows line of credit accounts and installment loans and
related loan loss activity, which is based on average amount of consumer loan
balance, for the three months ended December 31, 2013 and 2012.

                                              Three Months Ended
                                              December 31,
                                              2013                2012
Line of credit accounts:
Combined consumer loan loss provision
as a % of combined average consumer           29.0%                40.7%
loan balance^(a)(b)
Charge-offs (net of recoveries) as a
% of combined average consumer loan           22.0%                33.4%
balance^(a)(b)
Combined consumer loan loss provision         47.7%                60.0%
as a % of consumer loan fees
Allowance and liability for losses as
a % of combined average consumer loan        26.4%               27.3%
balance^(a)

Installment loans:
Combined consumer loan loss provision
as a % of combined average consumer           17.2%                18.9%
loan balance^(a)(b)
Charge-offs (net of recoveries) as a
% of combined average consumer loan           16.9%                17.7%
balance^(a)(b)
Combined consumer loan loss provision         50.9%                54.2%
as a % of consumer loan fees
Allowance and liability for losses as
a % of combined average consumer loan        17.8%               22.1%
balance^(a)

^(a)Non-GAAP measure.
^(b)The average consumer loan balance is the simple average of the beginning
and ending consumer loan balance.

                                            
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

CONSUMER LOAN FINANCIAL AND OPERATING DATA

(dollars in thousands, except where otherwise noted)
                                              
                                              Three Months Ended
                                              December 31,
                                              2013       2012
Short-term loans:
Combined consumer loan loss provision         $ 33,567    $ 55,751
Charge-offs (net of recoveries)                 43,862      53,722
Allowance and liability for losses              26,747      48,916
                                              
Line of credit accounts:
Combined consumer loan loss provision         $ 32,694    $ 16,534
Charge-offs (net of recoveries)                 24,844      13,590
Allowance and liability for losses              29,784      11,107
Company owned average consumer loan balance     112,704     40,652
                                                            
Installment loans:
Combined consumer loan loss provision         $ 33,220    $ 24,930
Charge-offs (net of recoveries)                 32,615      23,385
Allowance and liability for losses              34,415      29,178
                                              
Average consumer loan balance:
Company owned                                 $ 181,637   $ 124,060
Guaranteed by the Company                     11,457    8,051
Combined average consumer loan balance^(a)   $ 193,094  $ 132,111
^(a)Non-GAAP measure.

             
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSUMER LOAN FINANCIAL AND OPERATING DATA
(dollars in thousands, except where otherwise noted)

The following table summarizes consumer loan balances outstanding as of December 31, 2013 and 2012 (dollars
in thousands):
                
                As of December 31,
                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      $ 49,856       $  4,900        $  54,756        $ 52,171       $  7,134        $  59,305
loans
Installment    9,787        12,639       22,426       11,246       9,395        20,641
loans
Total
Retail         59,643       17,539       77,182       63,417       16,529       79,946
Services,
gross
E-Commerce
Domestic
Short-term        33,494          41,411          74,905          38,227          44,261          82,488
loans
Line of
credit            66,247          -               66,247          42,700          -               42,700
accounts
Installment    76,770       -            76,770       45,996       -            45,996
loans
Total
Domestic,      176,511      41,411       217,922      126,923      44,261       171,184
gross
                
Foreign
Short-term        47,886          -               47,886          108,899         3,946           112,845
loans
Line of
credit            59,555          -               59,555          -               -               -
accounts
Installment    103,112      -            103,112      75,882       -            75,882
loans
Total
Foreign,       210,553      -            210,553      184,781      3,946        188,727
gross
Total
E-Commerce,    387,064      41,411       428,475      311,704      48,207       359,911
gross
                
Total
ending loan       446,707         58,950          505,657         375,121         64,736          439,857
balance,
gross
Less:
Allowance
and            (87,866)     (3,080)      (90,946)     (85,703)     (3,498)      (89,201)
liabilities
for losses
Total
ending loan   $ 358,841    $  55,870     $  414,711     $ 289,418    $  61,238     $  350,656
balance,
net
Allowance
and
liability
for losses
as a % of      19.7%        5.2%         18.0%        22.8%        5.4%         20.3%
consumer
loan
balances,
gross

^(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, 2013 and 2012 (dollars in thousands, except where otherwise noted).
                
                Three Months Ended December 31,
                2013                                              2012
                Company         Guaranteed by                       Company         Guaranteed by
                Owned^(a)     the              Combined^(a)     Owned^(a)     the              Combined^(a)
                                Company^(a)(b)                                      Company^(a)(b)
Amount of
consumer
loans
written

and renewed
(dollars in
thousands):
Retail
Services
Short-term      $ 187,199       $    21,337        $  208,536       $ 198,645       $    36,216        $  234,861
loans
Installment    1,966           7,863         9,829        2,033           7,289         9,322
loans
Total
Retail         189,165         29,200        218,365      200,678         43,505        244,183
Services
E-Commerce
Domestic
Short-term        79,447             188,628          268,075         83,447             206,169          289,616
loans
Line of
credit            50,262             -                50,262          33,681             -                33,681
accounts
Installment    50,769          -             50,769       32,244          -             32,244
loans
Total          180,478         188,628       369,106      149,372         206,169       355,541
Domestic

Foreign
Short-term        132,135            -                132,135         271,652            19,868           291,520
loans
Line of
credit            75,614             -                75,614          -                  -                -
accounts
Installment    87,917          -             87,917       41,319          -             41,319
loans
Total          295,666         -             295,666      312,971         19,868        332,839
Foreign
Total          476,144         188,628       664,772      462,343         226,037       688,380
E-Commerce

Total
amount of
consumer      $ 665,309     $    217,828     $  883,137     $ 663,021     $    269,542     $  932,563
loans
written and
renewed
Number of
consumer
loans
written                                               

and renewed
(in ones):
Retail
Services
Short-term        390,255            40,651           430,906         414,714            68,508           483,222
loans
Installment    1,713           4,515         6,228        1,836           1,339         3,175
loans
Total
Retail         391,968         45,166        437,134      416,550         69,847        486,397
Services
E-Commerce
Domestic
Short-term        242,621            271,392          514,013         277,756            279,905          557,661
loans
Line of
credit            195,868            -                195,868         126,292            -                126,292
accounts
Installment    40,844          -             40,844       30,017          -             30,017
loans
Total          479,333         271,392       750,725      434,065         279,905       713,970
Domestic

Foreign
Short-term        244,835            -                244,835         455,579            25,985           481,564
loans
Line of
credit            228,744            -                228,744         -                  -                -
accounts
Installment    73,379          -             73,379       34,711          -             34,711
loans
Total          546,958         -             546,958      490,290         25,985        516,275
Foreign
Total          1,026,291       271,392       1,297,683    924,355         305,890       1,230,245
E-Commerce

Total
number of
consumer
loans          1,418,259       316,558       1,734,817    1,340,905       375,737       1,716,642
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
(dollars in thousands, except where otherwise noted)
              
              Year Ended December 31,
              2013                                              2012
              Company         Guaranteed by                       Guaranteed      Guaranteed by      Guaranteed
              Owned^(a)     the              Combined^(a)     by the        the              by the
                              Company^(a)(b)                      Company^(a)     Company^(a)(b)     Company^(a)
Amount of
consumer
loans
written

and renewed
(dollars in
thousands):
Retail
Services
Short-term    $ 712,253       $   104,236        $  816,489       $ 743,575       $   145,221        $ 888,796
loans
Installment   7,488          21,734         29,222       7,723          17,902        25,625
loans
Total
Retail        719,741        125,970        845,711      751,298        163,123       914,421
Services
E-Commerce
Domestic
Short-term      302,353           708,828           1,011,181       331,754           747,533          1,079,287
loans
Line of
credit          163,805           -                 163,805         116,360           -                116,360
accounts
Installment   155,068        -              155,068      89,598         -             89,598
loans
Total         621,226        708,828        1,330,054    537,712        747,533       1,285,245
Domestic
            
Foreign
Short-term      820,243           14,572            834,815         1,010,334         72,592           1,082,926
loans
Line of
credit          147,844           -                 147,844         -                 -                -
accounts
Installment   283,615        -              283,615      133,109        -             133,109
loans
Total         1,251,702      14,572         1,266,274    1,143,443      72,592        1,216,035
Foreign
Total         1,872,928      723,400        2,596,328    1,681,155      820,125       2,501,280
E-Commerce
            
Total
amount of
consumer     $ 2,592,669    $   849,370       $  3,442,039    $ 2,432,453    $   983,248       $ 3,415,701
loans
written and
renewed
Number of
consumer
loans
written

and renewed
(in ones):
Retail
Services
Short-term      1,490,507         201,400           1,691,907       1,574,163         269,144          1,843,307
loans
Installment   6,735          7,060          13,795       7,088          2,845         9,933
loans
Total
Retail        1,497,242      208,460        1,705,702    1,581,251      271,989       1,853,240
Services
E-Commerce
Domestic
Short-term      979,890           998,220           1,978,110       1,062,105         1,021,057        2,083,162
loans
Line of
credit          618,979           -                 618,979         417,171           -                417,171
accounts
Installment   134,350        -              134,350      87,272         -             87,272
loans
Total         1,733,219      998,220        2,731,439    1,566,548      1,021,057     2,587,605
Domestic
            
Foreign
Short-term      1,491,931         19,106            1,511,037       1,815,420         95,630           1,911,050
loans
Line of
credit          423,692           -                 423,692         -                 -                -
accounts
Installment   239,631        -              239,631      115,250        -             115,250
loans
Total         2,155,254      19,106         2,174,360    1,930,670      95,630        2,026,300
Foreign
Total         3,888,473      1,017,326      4,905,799    3,497,218      1,116,687     4,613,905
E-Commerce
            
Total
number of
consumer
loans         5,385,715      1,225,786      6,611,501    5,078,469      1,388,676     6,467,145
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
(dollars in thousands)


The following tables contain operating segment data for the three months and years ended December 31, 2013 and 2012 (dollars in
thousands).
                                                                                                                                 
                 Retail Services                                     E-Commerce
                 Domestic         Foreign          Total           Domestic    Foreign     Total         Corporate      Consolidated
                                                                                                                                 
Three Months
Ended December
31, 2013
Revenue
Pawn loan fees
and service      $ 82,003          $ 1,856           $ 83,859        $ -           $ -           $ -           $ -            $  83,859
charges
Proceeds from
disposition of     150,991           5,539             156,530         -             -             -             -               156,530
merchandise
Consumer loan      28,738            -                 28,738          111,375       97,871        209,246       -               237,984
fees
Other            1,669          88             1,757        44         10         54         162          1,973
Total revenue    263,401        7,483          270,884      111,419    97,881     209,300    162          480,346
Cost of
revenue
Disposed           103,801           5,415             109,216         -             -             -             -               109,216
merchandise
Consumer loan    9,432          -              9,432        46,900     43,149     90,049     -            99,481
loss provision
Total cost of    113,233        5,415          118,648      46,900     43,149     90,049     -            208,697
revenue
                                                                                                                                 
Net revenue      150,168        2,068          152,236      64,519     54,732     119,251    162          271,649
Expenses
Operations and     96,620            3,445             100,065         43,720        33,679        77,399        18,798          196,262
administration
Depreciation
and              10,064         404            10,468       3,650      507        4,157      4,332        18,957
amortization
Total expenses   106,684        3,849          110,533      47,370     34,186     81,556     23,130       215,219
Income (loss)
from            $ 43,484        $ (1,781)       $ 41,703      $ 17,149    $ 20,546    $ 37,695    $ (22,968)   $  56,430
operations
As of December
31, 2013
Total assets     $ 1,177,684       $ 119,448         $ 1,297,132     $ 431,285     $ 217,415     $ 648,700     $ 135,909      $  2,081,741
Goodwill                                             $ 495,214                                   $ 210,365                    $  705,579
                                                                                                                                 
                   Retail Services                                   E-Commerce
                   Domestic          Foreign         Total           Domestic      Foreign       Total         Corporate      Consolidated
                                                                                                                                 
Three Months
Ended December
31, 2012
Revenue
Pawn loan fees
and service        $     77,354      $    2,125      $ 79,479        $ -           $ -           $ -           $ -            $  79,479
charges
Proceeds from
disposition of           175,546          10,389       185,935         -             -             -             -               185,935
merchandise
Consumer loan            32,496           -            32,496          100,484       89,884        190,368       -               222,864
fees
Other                 1,943          697        2,640        499        14         513        173          3,326
Total revenue         287,339        13,211     300,550      100,983    89,898     190,881    173          491,604
Cost of
revenue
Disposed                 118,311          8,990        127,301         -             -             -             -               127,301
merchandise
Consumer loan         10,095         -          10,095       47,532     39,588     87,120     -            97,215
loss provision
Total cost of         128,406        8,990      137,396      47,532     39,588     87,120     -            224,516
revenue
Net revenue           158,933        4,221      163,154      53,451     50,310     103,761    173          267,088
Expenses
Operations and           104,837          14,066       118,903         33,216        32,604        65,820        14,331          199,054
administration
Depreciation
and                   8,524          2,121      10,645       3,611      380        3,991      3,910        18,546
amortization
Total expenses        113,361        16,187     129,548      36,827     32,984     69,811     18,241       217,600
Income (loss)
from             $     45,572     $    (11,966)  $ 33,606      $ 16,624    $ 17,326    $ 33,950    $ (18,068)   $  49,488
operations
As of December
31, 2012
Total assets       $     1,031,431   $    85,607     $ 1,117,038     $ 391,068     $ 179,554     $ 570,622     $ 130,598      $  1,818,258
Goodwill                                             $ 397,845                                   $ 210,371                    $  608,216

                                                                                                   
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
                                                                                                             
Year Ended
December 31,
2013
Revenue
Pawn loan fees
and service        $ 304,511     $ 7,288    $ 311,799     $ -         $ -         $ -         $  -        $  311,799
charges
Proceeds from
disposition of       576,707       18,732     595,439       -           -           -            -           595,439
merchandise
Consumer loan        113,211       -          113,211       394,472     370,500     764,972      -           878,183
fees
Other             7,818       1,076    8,894       1,095     102       1,197      1,714     11,805
Total revenue     1,002,247   27,096   1,029,343   395,567   370,602   766,169    1,714     1,797,226
Cost of
revenue
Disposed             394,370       16,243     410,613       -           -           -            -           410,613
merchandise
Consumer loan     33,359      -        33,359      159,291   158,605   317,896    -         351,255
loss provision
Total cost of     427,729     16,243   443,972     159,291   158,605   317,896    -         761,868
revenue
                                                                                                             
Net revenue       574,518     10,853   585,371     236,276   211,997   448,273    1,714     1,035,358
Expenses
Operations and
administration
*Story too
large*

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