Cash America Announces First Quarter Earnings Per Share Increase of 11% and Declares Dividend

  Cash America Announces First Quarter Earnings Per Share Increase of 11% and
  Declares Dividend

Business Wire

FORT WORTH, Texas -- April 24, 2014

Cash America International, Inc. (NYSE: CSH) announced today that net income
attributable to the Company for the three-month period ended March 31, 2014
increased to $45,737,000 ($1.55 per share) compared to net income of
$43,926,000 ($1.40 per share) for the same period in 2013. Consolidated fully
diluted earnings per share was up 11% to $1.55 per share for the three-month
period ended March 31, 2014, which is at the high end of the Company’s
pre-release of its updated published guidance of expected earnings per share
of between $1.50 and $1.55 per share from its press release dated April 10,
2014 and in excess of its initially published expectation of between $1.15 and
$1.25 per share published on January 23, 2014. Included in the results for the
first quarter ended March 31, 2014 is $1.8million in expenses primarily
related to the early extinguishment of debt, which equates to 4 cents per
share after taxes. Excluding the after-tax impact of $1.1 million for these
expenses, adjusted net income attributable to the Company, a non-GAAP measure,
would have increased to $46.9 million for the three months ended March 31,
2014 and adjusted diluted net income per share, a non-GAAP measure, would have
been $1.59 per share, up 14% from the same period in 2013.

Consolidated total revenue increased 5% to $493.1 million for the three-month
period ended March 31, 2014 compared to $468.1 million in the same period in
2013. Consolidated net revenue increased 8% to $295.0 million during the first
quarter of 2014, primarily due to lower loan losses in the Company’s online
consumer loan portfolio. The higher level of net revenue contributed to a 9%
increase in consolidated income from operations, which rose to $84.2 million
for the three-month period ended March 31, 2014 compared to $77.6 million for
the same period in 2013.

The Company’s E-Commerce segment generated a 14% increase in total revenue to
$208.5 million for the three-month period ended March 31, 2014, primarily due
to the continued growth in both its domestic and its foreign consumer loan
balances, particularly in the installment loan and line of credit products.
The E-Commerce segment experienced expanded marginal profitability during the
first quarter of 2014 compared to the prior year, mostly due to lower levels
of loan loss provision as a percent of revenue, which led to a 59% increase in
income from operations for the E-Commerce segment. Operating income for the
E-Commerce segment for the three-month period ended March 31, 2014 was $70.3
million compared to $44.2 million for the same period ended March 31, 2013.

Domestic pawn loan balances ended the period up 8%, to $213.0 million at March
31, 2014, compared to the same period in 2013, and domestic pawn loan fees and
service charges were up 6% for the three-month period ended March 31, 2014,
compared to the same period in 2013. However, the Company’s Retail Services
segment, which includes both the Company’s domestic and Mexico-based pawn
lending business, reported a 3% decrease in net revenue to $152.3 million for
the three-month period ended March 31, 2014. The decrease in net revenue was
primarily due to lower net proceeds from the sale of commercial jewelry
merchandise.

Commenting on the first quarter results, Daniel R. Feehan, President and Chief
Executive Officer of Cash America said, “The strategy of diversifying our
consumer loan business away from single pay loans has begun to gain momentum
as these portfolios are starting to stabilize and we are seeing efficiencies
in our loss experience, which is generating improved marginal profitability of
our E-Commerce business. Revenue from single payment loans was less than 20%
of consolidated total revenue for Cash America in the first quarter. The
overall scale of the multi-product consumer loan portfolio and its performance
contributed significantly to Cash America’s financial results for the first
quarter, which were well in excess of our initial estimates for the quarter.”

Cash America will host a conference call to discuss the first quarter results
on Thursday, April 24 at 7:00 AM CDT. A live web cast of the call will be
available on the Investor Relations section of the Company’s corporate web
site http://www.cashamerica.com. To listen to the live call, please go to the
web site at least fifteen minutes prior to the call 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 shares outstanding. The dividend will be paid at the
close of business on May 21, 2014 to shareholders of record on May 7, 2014.

Outlook for the Second 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 take the form of pawn loans and
consumer loans. During the first quarter of 2014, the typical seasonal decline
in loan balances occurred later in the quarter, which was consistent with the
first quarter of 2013. This was due to delays in Federal Income Tax refunds to
many of our customers. Typically, customers use a portion of these refunds to
pay back existing loans and for the purchase of merchandise. At the outset of
the second quarter the Company expects loan balances to begin to recover due
to seasonal factors. The rate of this increase and the timing has a
significant influence on second quarter results. Other elements expected to
affect the growth in revenue in future periods include the potential impact of
the regulatory governance of consumer loan products, the prevailing market
price of gold and the development and expansion of the Company’s consumer loan
products in its E-Commerce segment. Based on its views on the preceding
factors, management expects that the second quarter 2014 earnings per share
will be between 85 cents and 95 cents per share compared to 81 cents per share
in the second quarter 2013. At this time, management leaves its previously
reported expectations for its fiscal year 2014 earnings per share unchanged at
a range of between $4.20 and $4.40. This guidance range compares to actual
full year 2013 earnings per share of $4.66, which includes a tax benefit
related to the disposition of assets and reorganization of the Company’s
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, 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
(62 cents per share). 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 $123.7million ($4.04 per share).

About the Company

As of March 31, 2014, Cash America International, Inc. operated 1,007 total
locations offering specialty financial services to consumers, which included
the following:

  *867 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
  *93 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 March 31, 2014, the Company offered consumer loans over
the Internet to customers:

  *in 33 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,
    http://www.quickquidflexcredit.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.quickquidflexcredit.co.uk
http://www.cashlandloans.com         http://www.mrpayroll.com
http://www.quickquid.co.uk
                                     

Non-GAAP Measures

The “Adjusted Earnings and Adjusted Earnings Per Share” table included in the
attachments to this press release contain 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-month
period ended March 31, 2014 and a discussion of the reasons why the Company’s
management believes that presentation of the non-GAAP financial measures
discussed above provide useful information to investors regarding the
Company’s financial condition and results of operations.

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, compliance with 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; changes in the political, regulatory or economic
environment in foreign countries where the Company operates or in the future
may operate; risks related to the potential separation of the Company’s online
lending business that comprises its e-commerce division, Enova International,
Inc.; the Company’s ability to process or collect consumer loans through the
Automated Clearing House system; the actions of third parties who provide,
acquire or offer products and services to, from or for the Company; public
perception of the Company’s business, including its consumer loan business and
its business practices; 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; fluctuations, including a
sustained decrease, in the price of gold or deterioration in economic
conditions; a prolonged interruption in the Company’s operations of its
facilities, systems and business functions, including its information
technology and other business systems; changes in demand for the Company’s
services and changes in competition; the Company’s ability to maintain an
allowance or liability for estimated losses on consumer loans that are
adequate to absorb credit losses; the Company’s ability to attract and retain
qualified executive officers; 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; interest rate and foreign currency
exchange rate fluctuations; changes in the capital markets, including the debt
and equity 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; 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
                                                     March 31,
                                                     2014          2013
Consolidated Operations:
Total revenue                                        $ 493,100       $ 468,128
Net revenue                                            295,036         271,941
Total expenses                                     210,847     194,355

Income from Operations                               $ 84,189        $ 77,586

Income before income taxes                         72,484      69,716

Net Income                                        $ 45,737     $ 43,922

Net loss attributable to the noncontrolling       $ —          $ 4
interest

Net Income Attributable to Cash America           $ 45,737     $ 43,926
International, Inc.

Earnings per share:
Net Income attributable to Cash America
International, Inc. common shareholders:
Basic                                                $ 1.61          $ 1.51
Diluted                                              $ 1.55          $ 1.40

Weighted average common shares outstanding:
Basic                                                  28,407          29,100
Diluted                                                29,500          31,371
                                                                       


CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(dollars in thousands, except per share data)
(Unaudited)
                       
                           March 31,                           December 31,
                           2014            2013                2013
                                                                             
Assets
Current assets:
Cash and cash              $ 79,286          $ 78,361            $ 69,238
equivalents
Restricted cash              8,000             —                   8,000
Pawn loans                   218,093           202,982             261,148
Consumer loans, net          322,111           253,801             358,841
Merchandise held for         192,936           146,041             208,899
disposition, net
Pawn loan fees and
service charges              43,814            40,560              53,438
receivable
Income taxes                 —                 15,522              9,535
receivable
Prepaid expenses and         35,659            38,431              33,655
other assets
Deferred tax assets      33,694        45,771          38,800    
Total current assets         933,593           821,469             1,041,554
Property and                 258,134           255,165             261,223
equipment, net
Goodwill                     705,492           611,240             705,579
Intangible assets,           50,592            35,168              52,256
net
Other assets             20,664        12,405          21,129    
Total assets            $ 1,968,475    $ 1,735,447      $ 2,081,741 
                                                                             
Liabilities and
Equity
Current liabilities:
Accounts payable and       $ 108,599         $ 115,886           $ 142,078
accrued expenses
Customer deposits            17,227            12,826              14,803
Income taxes                 4,227             —                   —
currently payable
Current portion of       22,606        22,606          22,606    
long-term debt
Total current                152,659           151,318             179,487
liabilities
Deferred tax                 109,807           104,524             101,417
liabilities
Noncurrent income            —                 37,094              —
tax payable
Other liabilities            917               1,418               1,031
Long-term debt           607,650       427,777         717,383   
Total liabilities       $ 871,033      $ 722,131        $ 999,318   
                                                                             
Equity:
Cash America
International, Inc.
equity:
Common stock, $0.10
par value per share,
80,000,000 shares
authorized,                  3,024             3,024               3,024
30,235,164 shares
issued and
outstanding
Additional paid-in           116,726           155,617             150,833
capital
Retained earnings            1,062,737         922,347             1,017,981
Accumulated other            5,182             4,202               4,649
comprehensive income
Treasury shares, at
cost (2,140,368
shares, 1,713,387
shares and 2,224,902
shares as of March       (90,227   )    (70,596   )     (94,064   )
31, 2014 and 2013,
and as of December
31, 2013,
respectively)
Total Cash America
International, Inc.          1,097,442         1,014,594           1,082,423
shareholders' equity
Noncontrolling           —             (1,278      )    —         
interest
Total equity             1,097,442     1,013,316       1,082,423 
Total liabilities       $ 1,968,475    $ 1,735,447      $ 2,081,741 
and equity
                                                                             


CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(dollars in thousands, except per share data)
(Unaudited)
                                               
                                                     
                                                     Three Months Ended
                                                     March 31,
                                                     2014          2013
Revenue
Pawn loan fees and service charges                 $ 80,187        $ 75,914
Proceeds from disposition of merchandise             176,455         178,717
Consumer loan fees                                   234,182         210,205
Other                                            2,276       3,292   
Total Revenue                                    493,100     468,128 
Cost of Revenue
Disposed merchandise                                 124,564         121,335
Consumer loan loss provision                     73,500      74,852  
Total Cost of Revenue                            198,064     196,187 
Net Revenue                                      295,036     271,941 
Expenses
Operations and administration                        191,586         176,824
Depreciation and amortization                    19,261      17,531  
Total Expenses                                   210,847     194,355 
Income from Operations                               84,189          77,586
Interest expense                                     (10,068 )       (7,445  )
Interest income                                      10              63
Foreign currency transaction loss                    (101    )       (377    )
Loss on extinguishment of debt                       (1,546  )       —
Equity in loss of unconsolidated subsidiary      —           (111    )
Income before Income Taxes                           72,484          69,716
Provision for income taxes                       26,747      25,794  
Net Income                                           45,737          43,922
Net loss attributable to the noncontrolling      —           4       
interest
Net Income Attributable to Cash America         $ 45,737     $ 43,926  
International, Inc.
Earnings Per Share:
                                                                             
Net Income attributable to Cash America
International, Inc. common shareholders:
Basic                                              $ 1.61          $ 1.51
Diluted                                            $ 1.55          $ 1.40
Weighted average common shares outstanding:
Basic                                                28,407          29,100
Diluted                                              29,500          31,371
Dividends declared per common share                $ 0.035         $ 0.035
                                                                             


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. and its subsidiaries (the “Company”) as of
and for the three months ended March 31, 2014 and 2013 (dollars in thousands).
                  
                       As of March 31,
                       2014           2013          Change       %
                                                                       Change
Ending pawn
loan balances
Domestic
retail                 $  212,908       $ 197,998       $ 14,910       7.5  %
services
Foreign
retail                5,185       4,984       201       4.0  %
services
Consolidated
pawn loan           $  218,093    $ 202,982    $ 15,111    7.4  %
balances
Ending
merchandise
balance, net
Domestic
retail                 $  187,891       $ 140,667       $ 47,224       33.6 %
services
Foreign
retail                5,045       5,374       (329   )   (6.1 )%
services
Consolidated
merchandise         $  192,936    $ 146,041    $ 46,895    32.1 %
balance, net
                                                                            
                       Three Months Ended March 31,
                       2014             2013            Change         %
                                                                       Change
Pawn loan
fees and
service
charges
Domestic
retail                 $  78,467        $ 74,174        $ 4,293        5.8  %
services
Foreign
retail                1,720       1,740       (20    )   (1.1 )%
services
Consolidated
pawn loan
fees and            $  80,187     $ 75,914     $ 4,273     5.6  %
service
charges
Average pawn
loan balance
outstanding
Domestic
retail                 $  236,447       $ 222,796       $ 13,651       6.1  %
services
Foreign
retail                4,670       4,512       158       3.5  %
services
Consolidated
average pawn        $  241,117    $ 227,308    $ 13,809    6.1  %
loans
outstanding
Amount of
pawn loans
written and
renewed
Domestic
retail                 $  232,560       $ 215,376       $ 17,184       8.0  %
services
Foreign
retail                12,986      13,093      (107   )   (0.8 )%
services
Consolidated
amount of
pawn loans          $  245,546    $ 228,469    $ 17,077    7.5  %
written and
renewed
Average
amount per
pawn loan (in
ones)
Domestic
retail                 $  125           $ 130           $ (5     )     (3.8 )%
services
Foreign
retail                 $  87            $ 86            $ 1            1.2  %
services
Consolidated
average
amount per          $  123        $ 126        $ (3     )   (2.4 )%
pawn loan (in
ones)
Annualized
yield on pawn
loans
Domestic
retail                    134.6   %       135.0   %
services
Foreign
retail                    149.4   %       156.4   %
services
Consolidated
annualized            134.9   %    135.4   %                 
yield on pawn
loans
Gross profit
margin on
disposition
of
merchandise
Domestic
retail                    29.6    %       32.4    %
services
Foreign
retail                    22.8    %       20.1    %
services
Gross profit
margin on
disposition           29.4    %    32.1    %                 
of
merchandise
Merchandise
turnover
Domestic
retail                    2.4             3.1
services
Foreign
retail                    2.7             2.7
services
Consolidated
merchandise           2.5          3.1                       
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 ended March 31, 2014 and2013
(dollars in thousands).
              
                  
                  Three Months Ended March 31,
                  2014                                         2013
                  Retail        Commercial   Total           Retail        Commercial   Total
Proceeds
from              $ 142,293       $ 34,162       $ 176,455       $ 112,410       $ 66,307       $ 178,717
disposition
Gross
profit on         $ 49,352        $ 2,539        $ 51,891        $ 41,990        $ 15,392       $ 57,382
disposition
Gross
profit            34.7      %     7.4      %     29.4      %     37.4      %     23.2     %     32.1      %
margin
Percentage
of total          95.1      %     4.9      %     100.0     %     73.2      %     26.8     %     100.0     %
gross
profit
                                                                                                          


The table below summarizes the age of merchandise held for disposition related
to the Company’s pawn lending operations before valuation allowance of $1.3
million and $0.9 million as of March 31, 2014 and 2013, respectively (dollars
in thousands):
                 
                      
                      As of March 31,
                      2014                           2013
                      Amount             %           Amount        %
Jewelry -
held for one          $  108,131           55.7  %     $ 85,344        58.1  %
year or less
Other
merchandise
- held for         73,609            37.9  %   52,852       36.0  %
one year or
less
Total
merchandise        181,740           93.6  %   138,196      94.1  %
held for one
year or less
Jewelry -
held for              5,163                2.7   %     3,199           2.2   %
more than
one year
Other
merchandise
- held for         7,342             3.7   %   5,497        3.7   %
more than
one year
Total
merchandise
held for           12,505            6.4   %   8,696        5.9   %
more than
one year
Total
merchandise        $  194,245        100.0 %   $ 146,892    100.0 %
held for
disposition
                                                                             


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

The following table sets forth interest and fees on consumer loans by product type and segment, and the related loan loss provision for the
three months ended March 31, 2014 and 2013 (dollars in thousands):
                 
                     
                     Three Months Ended March 31,
                     2014                                                          2013
                     Short-term       Line of        Installment                     Short-term      Line of        Installment
                     loans          credit       loans         Total           loans         credit       loans         Total
                                      accounts                                                       accounts
                                                                                                             
Retail            $ 21,998      $ —         $  3,761     $ 25,759     $ 25,207     $ —         $  3,115     $ 28,322  
services
E-commerce                                                                                                                     
Domestic             44,394           35,016         29,638          109,048         47,596          23,234         19,811          90,641
Foreign           28,583        38,020      32,772       99,375       67,412       —           23,830       91,242    
Total             72,977        73,036      62,410       208,423      115,008      23,234      43,641       181,883   
E-commerce
Consumer loan        $ 94,975         $ 73,036       $  66,171       $ 234,182       $ 140,215       $ 23,234       $  46,756       $ 210,205
fees
Less: consumer
loan loss         21,761        23,375      28,364       73,500       45,166       6,553       23,133       74,852    
provision
Consumer loan
fees, net loss    $ 73,214      $ 49,661    $  37,807    $ 160,682    $ 95,049     $ 16,681    $  23,623    $ 135,353 
provision
Year-over-year       $ (21,835 )      $ 32,980       $  14,184       $ 25,329        $ 2,954         $ 8,450        $  13,492       $ 24,896
change - $
Year-over-year       (23.0     )%     197.7    %     60.0      %     18.7      %     3.2       %     102.7    %     133.2     %     22.5      %
change - %
Consumer loan
loss provision
as a % of         22.9      %    32.0     %   42.9      %   31.4      %   32.2      %   28.2     %   49.5      %   35.6      %
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 ended March 31, 2014 and 2013.

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 March 31, 2014 and 2013.
                              
                                     
                                     Three Months Ended
                                     March 31,
                                     2014                   2013
Short-term consumer
loans:
Consumer loan loss                   $   21,761               $   45,166
provision
Charge-offs (net of                  25,922                   49,965
recoveries)
Allowance and                        22,586                   44,117
liability for losses
Combined consumer
loans and fees                       136,032                  202,504
receivable, gross^(a)
Short-term loans:
Consumer loan loss
provision as a % of
combined consumer                    4.1          %           6.2          %
loans written and
renewed^(b)
Charge-offs (net of
recoveries) as a % of
combined consumer                    4.9          %           6.9          %
loans written and
renewed^(b)
Consumer loan loss
provision as a % of                  22.9         %           32.2         %
consumer loan fees
Allowance and
liability for losses
as a % of combined                16.6         %         21.8         %
consumer loans and
fees receivable,
gross^(a)
                                                                           
(a) Non-GAAP measure.

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



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

The following table shows line of credit accounts and related loan loss
activity, which is based on average amount of consumer loan balance, for the
three months ended March 31, 2014 and 2013.
                                
                                      Three Months Ended
                                      March 31,
                                      2014                   2013
Line of credit
accounts:
Consumer loan loss                    $   23,375               $   6,553
provision
Charge-offs (net of                   26,490                   9,596
recoveries)
Allowance and liability               26,669                   8,064
for losses
Average consumer loan                 122,403                  39,828
balance^(a)
Line of credit
accounts:
Consumer loan loss
provision as a % of                   19.1         %           16.5        %
average consumer loan
balance^(a)
Charge-offs (net of
recoveries) as a % of                 21.6         %           24.1        %
average consumer loan
balance^(a)
Consumer loan loss
provision as a % of                   32.0         %           28.2        %
consumer loan fees
Allowance for losses as
a % of average consumer            21.8         %         20.2        %
loan balance^(a)
                                                                           
(a) The average consumer loan balance for line of credit accounts is the
simple average of the beginning and ending consumer loan balance for line of
credit accounts.



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

The following table shows installment loans and related loan loss activity,
which is based on average amount of combined consumer loan balance, for the
three months ended March 31, 2014 and 2013.
                                
                                      
                                      Three Months Ended
                                      March 31,
                                      2014                    2013
Installment loans:
Consumer loan loss                    $   28,364                $  23,133
provision
Charge-offs (net of                   31,869                    24,730
recoveries)
Allowance and liability               30,910                    27,581
for losses
Installment loan average
loan balance:^(a)
Company owned                         $   183,765               $  129,955
Guaranteed by the                  10,877                 9,263       
Company^(b)
Combined average consumer          $   194,642            $  139,218  
loan balance^(c)
Installment loans:
Consumer loan loss
provision as a % of                   14.6          %           16.6        %
combined average consumer
loan balance^(a)(c)
Charge-offs (net of
recoveries) as a % of                 16.4          %           17.8        %
combined average consumer
loan balance^(a)(c)
Consumer loan loss
provision as a % of                   42.9          %           49.5        %
consumer loan fees
Allowance and liability
for losses as a % of               15.9          %         19.8        %
combined average consumer
loan balance^(a)(c)
                                                                            
(a) The average consumer loan balance for installment loans is the simple
average of the beginning and ending consumer loan balance for installment
loans.
(b) Represents loans originated by third-party lenders through the CSO
programs, which are not included in the Company's financial statements.
(c) 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 March 31, 2014 and 2013 (dollars in
thousands):
              
                  As of March 31,
                  2014                                           2013
                  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        $ 36,580        $  3,434        $  40,014        $ 38,747        $  4,774        $  43,521
loans
Installment    7,692        9,114        16,806        9,667        9,130        18,797     
loans
Total
Retail         44,272       12,548       56,820        48,414       13,904       62,318     
Services,
gross
E-Commerce
Domestic
Short-term        26,073          29,643          55,716           28,278          29,592          57,870
loans
Line of
credit            55,862          —               55,862           36,955          —               36,955
accounts
Installment    76,876       —            76,876        40,292       —            40,292     
loans
Total
Domestic,      158,811      29,643       188,454       105,525      29,592       135,117    
gross
Foreign
Short-term        40,302          —               40,302           100,703         410             101,113
loans
Line of
credit            63,142          —               63,142           —               —               —
accounts
Installment    93,293       —            93,293        76,826       —            76,826     
loans
Total
Foreign,       196,737      —            196,737       177,529      410          177,939    
gross
Total
E-Commerce,    355,548      29,643       385,191       283,054      30,002       313,056    
gross
Total
ending loan    399,820      42,191       442,011       331,468      43,906       375,374    
balance,
gross
Less:
Allowance
and            (77,709   )   (2,456    )   (80,165    )   (77,667   )   (2,095    )   (79,762    )
liabilities
for losses
Total
ending loan    $ 322,111    $  39,735    $  361,846    $ 253,801    $  41,811    $  295,612 
balance,
net
Allowance
and
liability
for losses
as a % of      19.4      %   5.8       %   18.1       %   23.4      %   4.8       %   21.2       %
consumer
loan
balances,
gross
                                                                                                              
(a) GAAP measure. The consumer loan balances guaranteed by the Company represent loans originated by
third-party lenders through 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 consolidated balance sheets.
(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 ended March 31, 2014 and
2013 (dollars in thousands, except where otherwise noted).
              
                  Three Months Ended March 31,
                  2014                                              2013
                  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        $ 159,460       $  18,364          $  177,824       $ 171,920       $  28,326          $   200,246
loans
Installment    1,825        4,438           6,263         1,446        3,712           5,158
loans
Total
Retail         161,285      22,802          184,087       173,366      32,038          205,404
Services
E-Commerce
Domestic
Short-term        71,456          162,728            234,184          72,628          174,266            246,894
loans
Line of
credit            40,613          —                  40,613           28,806          —                  28,806
accounts
Installment    40,311       —               40,311        24,671       —               24,671
loans
Total          152,380      162,728         315,108       126,105      174,266         300,371
Domestic
Foreign
Short-term        115,182         —                  115,182          266,327         13,232             279,559
loans
Line of
credit            74,996          —                  74,996           —               —                  —
accounts
Installment    72,412       —               72,412        40,585       —               40,585
loans
Total          262,590      —               262,590       306,912      13,232          320,144
Foreign
Total          414,970      162,728         577,698       433,017      187,498         620,515
E-Commerce
Total
amount of
consumer       $ 576,255    $  185,530      $  761,785    $ 606,383    $  219,536      $   825,919
loans
written and
renewed
Number of
consumer
loans
written and
renewed (in
ones):
Retail
Services
Short-term        328,465         33,488             361,953          355,313         53,989             409,302
loans
Installment    1,494        3,041           4,535         1,396        634             2,030
loans
Total
Retail         329,959      36,529          366,488       356,709      54,623          411,332
Services
E-Commerce
Domestic
Short-term        214,231         232,242            446,473          243,248         235,222            478,470
loans
Line of
credit            171,105         —                  171,105          111,651         —                  111,651
accounts
Installment    30,028       —               30,028        23,185       —               23,185
loans
Total          415,364      232,242         647,606       378,084      235,222         613,306
Domestic
Foreign
Short-term        214,871         —                  214,871          466,904         17,316             484,220
loans
Line of
credit            244,237         —                  244,237          —               —                  —
accounts
Installment    60,101       —               60,101        33,075       —               33,075
loans
Total          519,209      —               519,209       499,979      17,316          517,295
Foreign
Total          934,573      232,242         1,166,815     878,063      252,538         1,130,601
E-Commerce
Total
number of
consumer       1,264,532    268,771         1,533,303     1,234,772    307,161         1,541,933
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
(dollars in thousands)


The following tables contain operating segment data for the three months ended March 31, 2014 and 2013 (dollars in thousands).
                                                                                                                                              
                     Retail Services                                    E-Commerce
                     Domestic        Foreign      Total             Domestic      Foreign       Admin         Total           Corporate       Consolidated
Three Months
Ended March                                                                                                           
31, 2014
Revenue
Pawn loan fees
and service          $ 78,467          $ 1,720        $ 80,187          $ —             $ —             $ —             $ —             $ —             $  80,187
charges
Proceeds from
disposition of       172,170           4,285          176,455           —               —               —               —               —               176,455
merchandise
Consumer loan        25,759            —              25,759            109,048         99,375          —               208,423         —               234,182
fees
Other             2,002          85          2,087          39           3            —            42           147          2,276
Total revenue     278,398        6,090       284,488        109,087      99,378       —            208,465      147          493,100
Cost of
revenue
Disposed             121,258           3,306          124,564           —               —               —               —               —               124,564
merchandise
Consumer loan     7,598          —           7,598          28,635       37,267       —            65,902       —            73,500
loss provision
Total cost of     128,856        3,306       132,162        28,635       37,267       —            65,902       —            198,064
revenue
Net revenue       149,542        2,784       152,326        80,452       62,111       —            142,563      147          295,036
Expenses
Operations and       101,153           3,249          104,402           23,408          25,120          19,639          68,167          19,017          191,586
administration
Depreciation
and               10,304         403         10,707         1,905        523          1,690        4,118        4,436        19,261
amortization
Total expenses    111,457        3,652       115,109        25,313       25,643       21,329       72,285       23,453       210,847
Income (loss)
from              $ 38,085       $ (868   )   $ 37,217       $ 55,139     $ 36,468     $ (21,329 )   $ 70,278     $ (23,306 )   $  84,189
operations
As of March
31, 2014
Total assets         $ 1,120,709       $ 78,181       $ 1,198,890       $ 403,798       $ 211,420       $ 15,445        $ 630,663       $ 138,922       $  1,968,475
Goodwill                                              $ 495,130                                                         $ 210,362                       $  705,492

                  Retail Services                                 E-Commerce                                                                 
                     Domestic      Foreign       Total             Domestic      Foreign       Admin         Total           Corporate       Consolidated
Three Months
Ended March                                                                                                        
31, 2013
Revenue
Pawn loan fees
and service          $ 74,174        $ 1,740         $ 75,914          $ —             $ —             $ —             $ —             $ —             $  75,914
charges
Proceeds from
disposition of       174,150         4,567           178,717           —               —               —               —               —               178,717
merchandise
Consumer loan        28,322          —               28,322            90,641          91,242          —               181,883         —               210,205
fees
Other             2,500        93           2,593          441          7            —            448          251          3,292
Total revenue     279,146      6,400        285,546        91,082       91,249       —            182,331      251          468,128
Cost of
revenue
Disposed             117,687         3,648           121,335           —               —               —               —               —               121,335
merchandise
Consumer loan     6,778        —            6,778          29,823       38,251       —            68,074       —            74,852
loss provision
Total cost of     124,465      3,648        128,113        29,823       38,251       —            68,074       —            196,187
revenue
Net revenue       154,681      2,752        157,433        61,259       52,998       —            114,257      251          271,941
Expenses
Operations and       90,702          3,603           94,305            21,405          24,647          19,530          65,582          16,937          176,824
administration
Depreciation
and               8,801        399          9,200          2,428        560          1,455        4,443        3,888        17,531
amortization
Total expenses    99,503       4,002        103,505        23,833       25,207       20,985       70,025       20,825       194,355
Income (loss)
from              $ 55,178     $ (1,250  )   $ 53,928       $ 37,426     $ 27,791     $ (20,985 )   $ 44,232     $ (20,574 )   $  77,586
operations
As of March
31, 2013
Total assets         $ 915,772       $ 128,534       $ 1,044,306       $ 359,363       $ 185,439       $ 15,150        $ 559,952       $ 131,189       $  1,735,447
Goodwill                                             $ 400,871                                                         $ 210,369                       $  611,240
                                                                                                                                                          

              CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
                 INCOME FROM OPERATIONS BY OPERATING SEGMENT
                            (dollars in thousands)

Corporate operations primarily include corporate expenses, such as legal,
occupancy, executive oversight, insurance and risk management, public and
government relations, internal audit, treasury, payroll, compliance and
licensing, finance, accounting, tax and information systems (except for online
lending systems, which are included in the e-commerce segment). Corporate
income includes miscellaneous income not directly attributable to the
Company’s segments. Corporate assets primarily include corporate property and
equipment, nonqualified savings plan assets, marketable securities, foreign
exchange forward contracts and prepaid insurance.

During the first quarter of 2014, the Company changed the presentation of
financial information within its e-commerce segment to report certain
administrative and depreciation and amortization expenses within that segment
separately from its domestic and foreign operating components. Administrative
expenses in the e-commerce segment, which were previously allocated between
the domestic and foreign components based on the amount of loans written and
renewed, are included under the “Admin” heading within the e-commerce segment
information in the tables above. Depreciation and amortization related to the
e-commerce administrative function is also included in this category. For
comparison purposes, amounts for prior years have been conformed to the
current presentation.

              CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
                             LOCATION INFORMATION

Retail Services Segment

The following table sets forth the number of domestic and foreign
Company-owned and franchised locations in the Company’s retail services
segment offering pawn lending, consumer lending, and other services as of
March31, 2014 and 2013. The Company’s domestic retail services locations
operate under the names “Cash America Pawn,” “SuperPawn,” “Cash America Payday
Advance,” “Cashland” and “Mr. Payroll.” In addition, some recently acquired
domestic retail services locations operate under various names that are
expected to be changed to “Cash America Pawn.” The Company’s foreign retail
services locations operate under the name “Cash America casa de empeño.”

            
                As of March 31,
                2014                                   2013
                Domestic^(a)   Foreign   Total       Domestic^(a)   Foreign   Total
Retail
services
locations
offering:
Both pawn
and             582              —           582         580              —           580
consumer
lending
Pawn
lending         247              47          294         167              47          214
only
Consumer
lending         38               —           38          81               —           81
only
Other^(b)    93            —        93       91            —        91
Total
retail       960           47       1,007    919           47       966
services
                                                                                      
(a) Except as described in (b) below, includes locations that operated in 22 states in the
United States as of March 31, 2014 and 2013, respectively.
(b) As of March 31, 2014 and 2013, includes 93 and 91 unconsolidated franchised check
cashing locations, respectively. As of March 31, 2014 and 2013, includes locations
operating in 14 and 15 states in the United States, respectively.


E-Commerce Segment

As of March31, 2014 and 2013, the Company’s e-commerce segment operated in 33
and 32 states, respectively, in the United States and in three foreign
countries:

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

              CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
                             NON-GAAP DISCLOSURE
              ADJUSTED EARNINGS AND ADJUSTED EARNINGS PER SHARE

Non-GAAP Disclosure

In addition to the financial information prepared in conformity with generally
accepted accounting principles in the United States of America (“GAAP”), the
Company provides historical non-GAAP financial information. Management
believes that presentation of non-GAAP financial information is meaningful and
useful in understanding the activities and business metrics of the Company’s
operations. Management believes that these non-GAAP financial measures reflect
an additional way of viewing aspects of the Company’s business that, when
viewed with its GAAP results, provide a more complete understanding of factors
and trends affecting its business.

Management provides non-GAAP financial information for informational purposes
and to enhance understanding of the Company’s GAAP consolidated financial
statements. Readers should consider the information in addition to, but not
instead of or superior to, its financial statements prepared in accordance
with GAAP. This non-GAAP financial information may be determined or calculated
differently by other companies, limiting the usefulness of those measures for
comparative purposes.

Adjusted Earnings and Adjusted Earnings Per Share

In addition to reporting financial results in accordance with GAAP, the
Company has provided adjusted earnings and adjusted earnings per share
(collectively, the “Adjusted Earnings Measures”), which are non-GAAP measures.
Management believes that the presentation of these measures provides investors
with greater transparency and facilitates comparison of operating results
across a broad spectrum of companies with varying capital structures,
compensation strategies, derivative instruments and amortization methods,
which provides a more complete understanding of the Company’s financial
performance, competitive position and prospects for the future. Management
also believes that investors regularly rely on non-GAAP financial measures,
such as the Adjusted Earnings Measures, to assess operating performance and
that such measures may highlight trends in the Company’s business that may not
otherwise be apparent when relying on financial measures calculated in
accordance with GAAP. In addition, management believes that the adjustments
shown below, especially the adjustment for the loss on the extinguishment of a
portion of the Company's convertible senior notes (the "Debt Extinguishment")
and the charges related to the Company's settlement of a litigation matter in
2013 (the "2013 Litigation Settlement") are useful to investors in order to
allow them to compare the Company’s financial results for the current quarter
with the prior year quarter, respectively.


CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NON-GAAP DISCLOSURE
ADJUSTED EARNINGS AND ADJUSTED EARNINGS PER SHARE


The following table provides a reconciliation for the three months ended March
31, 2014 and 2013, respectively, between net income attributable to the
Company and diluted earnings per share calculated in accordance with GAAP to
the Adjusted Earnings Measures, which are shown net of tax (dollars in
thousands, except per share data):
                     
                         
                         Three Months Ended March 31,
                         2014                       2013
                                        Per                          Per
                         $            Diluted       $            Diluted
                                        Share^(a)                    Share^(a)
Net income and
diluted earnings
per share
attributable to          $ 45,737       $  1.55       $ 43,926       $   1.40
Cash America
International,
Inc.
Adjustments (net
of tax):
Loss on Debt             974            0.03          —              —
Extinguishment^(b)
2013 Litigation       164         0.01       —           —
Settlement^(c)
Adjusted net
income and diluted
net income per        46,875      1.59       43,926      1.40
share attributable
to the Company
Other adjustments
(net of tax):
Intangible asset         1,047          0.04          832            0.03
amortization
Non-cash
equity-based             942            0.03          988            0.03
compensation
Convertible debt
non-cash interest        374            0.01          626            0.02
and issuance cost
amortization
Foreign currency      64          —          238         0.01
transaction loss
Adjusted earnings
and adjusted          $ 49,302    $  1.67    $ 46,610    $   1.49
earnings per share
                                                                         
(a) Diluted shares are calculated by giving effect to the potential dilution
that could occur if securities or other contracts to issue common shares were
exercised and converted into common shares during the period.
(b) For the three months ended March 31, 2014, represents charges related to
the early extinguishment of debt of $1.5 million, net of tax benefit of $0.5
million.
(c) For the three months ended March 31, 2014, represents charges related to
the 2013 Litigation Settlement of $0.3 million, net of tax benefit of$0.1
million
                                                                         

              CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
                             NON-GAAP DISCLOSURE
                               ADJUSTED EBITDA

Adjusted EBITDA

The following table shows adjusted EBITDA, a non-GAAP measure that the Company
defines as earnings excluding depreciation, amortization, interest, foreign
currency transaction gains or losses, loss on extinguishment of debt, equity
in earnings or loss of unconsolidated subsidiary, taxes and including the net
income or loss attributable to noncontrolling interests. Management believes
adjusted EBITDA is used by investors to analyze operating performance and
evaluate the Company’s ability to incur and service debt and its capacity for
making capital expenditures. Adjusted EBITDA is also useful to investors to
help assess the Company’s estimated enterprise value. In addition, management
believes that the adjustments shown below, especially the adjustments for the
closure of 36 consumer lending-only retail services locations in Texas during
the second half of 2013 (the "Texas Consumer Loan Store Closures"), the
penalty paid to the Consumer Financial Protection Bureau ("CFPB") in
connection with the issuance of a consent order by the CFPB (the "Regulatory
Penalty"), charges related to the 2013 Litigation Settlement, an income tax
benefit related to the change of tax basis in the stock of one of its
subsidiaries in connection with the Mexico Reorganization (as defined below)
(the "Creazione Deduction"), the withdrawal in July 2012 of the proposed
initial public offering by the Company's wholly-owned subsidiary, Enova
International, Inc. ("Enova IPO"), the reorganization of the Company's
Mexico-based pawn operations during 2012 (the "Mexico Reorganization") and a
voluntary program to reimburse Ohio customers in connection with legal
collections proceedings initiated by the Company in Ohio (the "Ohio
Reimbursement Program"), including a decrease in the Company's remaining
liability related to the Ohio Reimbursement Program during 2013 after the
assessment of the claims made to date and related matters (the "Ohio
Adjustment"), are useful to investors in order to allow them to compare the
Company’s financial results during the periods shown without the effect of
each of these income and expense items. The computation of adjusted EBITDA as
presented below may differ from the computation of similarly-titled measures
provided by other companies (dollars in thousands):


CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
NON-GAAP DISCLOSURE
ADJUSTED EBITDA
                                  
                                       
                                       Trailing 12 Months Ended
                                       March 31,
                                       2014                 2013
Net income attributable
to Cash America                        $  144,339             $  109,929
International, Inc.
Adjustments:
Texas Consumer Loan Store              1,373                  —
Closures^(a)
Regulatory Penalty^(b)                 5,000                  —
2013 Litigation                        18,260                 —
settlement^(c)
Charges related to
withdrawn proposed Enova                                      3,424
IPO^(d)
Charges related to Mexico                                     28,873
Reorganization^(e)
Charges related to Ohio
Adjustment and Ohio                    (5,000        )        13,400
Reimbursement Program^(f)
Depreciation and                       74,822                 65,774
amortization expenses^(g)
Interest expense, net                  38,921                 29,222
Foreign currency                       929                    777
transaction loss
Equity in loss of                      25                     289
unconsolidated subsidiary
Loss on Debt                           2,153                  —
Extinguishment^(h)
Provision for income                   31,707                 78,981
taxes^(i)
Net loss attributable to
the noncontrolling                  312                 (4,866        )
interest^(j)
Adjusted EBITDA                     $  312,841          $  325,803    
Adjusted EBITDA margin
calculated as follows:
Total revenue                          $  1,822,198           $  1,811,070
Adjusted EBITDA                     $  312,841          $  325,803    
Adjusted EBITDA as a
percentage of total                 17.2          %      18.0          %
revenue
                                                                            
(a) Represents charges related to the Texas Consumer Loan Store Closure of
$1.4 million, before tax benefit of $0.5 million.
(b) Represents charges for the Regulatory Penalty, which is nondeductible for
tax purposes.
(c) Represents charges related to the 2013 Litigation Settlement of $18.3
million, before tax benefit of $6.7 million.
(d) Represents charges directly related to the withdrawn Enova IPO, before tax
benefit of $1.3 million.
(e) Represents charges related to the Mexico Reorganization, before tax
benefit of $1.2 million and noncontrolling interest of $2.3 million. Includes
$12.6 million and $7.2 million of depreciation and amortization expenses and
charges for the recognition of a deferred tax asset valuation allowance,
respectively, as noted in (g) and (i) below.
(f) For the trailing 12 months ended March 31, 2014, represents the Ohio
Adjustment of $5.0 million, before tax provision of $1.8 million. For the
trailing 12 months ended March 31, 2013, represents charges related to the
Ohio Reimbursement Program, before tax benefit of $5.0 million.
(g) For the trailing 12 months ended March 31, 2014, excludes $0.2 million of
depreciation and amortization expenses which are included in the Texas
Consumer Loan Store Closures. For the trailing 12 months ended March 31, 2013,
excludes $12.6 million of depreciation and amortization expenses which are
included in "Charges related to the Mexico Reorganization".
(h) For the trailing 12 months ended March 31, 2014, represents charges of
$2.2 million, before tax benefit of $0.8 million, related to the early
extinguishment of a portion of the Company's convertible notes due 2029.
(i) For the trailing 12 months ended March 31, 2014, includes income benefit
of $33.2 million related to the Creazione Deduction. For the trailing 12
months ended March 31, 2013, excludes a $7.2 million charge for the
recognition of a deferred tax asset valuation allowance which is included in
“Charges related to the Mexico Reorganization” in the table above and includes
an income tax benefit related to the Mexico Reorganization of $1.2 million.
(j) For the trailing twelve months ended March 31, 2013, includes $2.3 million
of noncontrolling interests related to the Mexico Reorganization.


Contact:

Cash America International, Inc.
Thomas A. Bessant, Jr., 817-335-1100

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