2014 Q4 Form 10-Q Financial Statement

#000084048914000073 Filed on October 22, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q3
Revenue $202.8M $173.4M
YoY Change 9.49% 16.6%
Cost Of Revenue $91.14M $79.40M
YoY Change 7.21% 25.01%
Gross Profit $111.6M $93.98M
YoY Change 11.42% 10.32%
Gross Profit Margin 55.05% 54.2%
Selling, General & Admin $66.50M $59.50M
YoY Change 15.45% 13.98%
% of Gross Profit 59.57% 63.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.500M $3.900M
YoY Change 9.76% 18.18%
% of Gross Profit 4.03% 4.15%
Operating Expenses $74.94M $64.52M
YoY Change 16.41% 16.69%
Operating Profit $36.69M $29.45M
YoY Change 2.45% -1.46%
Interest Expense -$4.000M $1.122M
YoY Change 300.0% 152.7%
% of Operating Profit -10.9% 3.81%
Other Income/Expense, Net
YoY Change
Pretax Income $36.70M $29.45M
YoY Change 2.8% -1.75%
Income Tax $9.800M $6.324M
% Of Pretax Income 26.7% 21.47%
Net Earnings $26.94M $23.14M
YoY Change 8.73% 22.51%
Net Earnings / Revenue 13.29% 13.35%
Basic Earnings Per Share $0.80
Diluted Earnings Per Share $0.94 $0.79
COMMON SHARES
Basic Shares Outstanding 28.31M shares 28.90M shares
Diluted Shares Outstanding 28.80M shares 29.35M shares

Balance Sheet

Concept 2014 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.00M $30.50M
YoY Change -3.68% 18.68%
Cash & Equivalents $67.99M $30.54M
Short-Term Investments
Other Short-Term Assets $5.000M $8.100M
YoY Change -40.48% -35.2%
Inventory $91.09M $82.57M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $300.8M $261.5M
YoY Change 3.63% 13.93%
LONG-TERM ASSETS
Property, Plant & Equipment $113.8M $102.0M
YoY Change 5.19% 13.84%
Goodwill $276.9M $230.5M
YoY Change 10.21% 41.68%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.17M $8.677M
YoY Change 72.5% 35.2%
Total Long-Term Assets $411.1M $341.2M
YoY Change 11.49% 31.88%
TOTAL ASSETS
Total Short-Term Assets $300.8M $261.5M
Total Long-Term Assets $411.1M $341.2M
Total Assets $711.9M $602.7M
YoY Change 8.03% 23.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.148M $35.40M
YoY Change -35.73% -0.84%
Accrued Expenses $39.50M
YoY Change 20.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $3.300M
YoY Change 3.13%
Total Short-Term Liabilities $42.56M $48.46M
YoY Change -12.72% 24.61%
LONG-TERM LIABILITIES
Long-Term Debt $222.4M $158.4M
YoY Change 18.93% 31.78%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $222.4M $158.4M
YoY Change 18.93% 31.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.56M $48.46M
Total Long-Term Liabilities $222.4M $158.4M
Total Liabilities $282.2M $215.1M
YoY Change 15.36% 25.57%
SHAREHOLDERS EQUITY
Retained Earnings $582.9M $473.0M
YoY Change 17.11% 22.44%
Common Stock $397.0K $393.0K
YoY Change 0.76% 2.61%
Preferred Stock
YoY Change
Treasury Stock (at cost) $296.6M $252.7M
YoY Change 17.39% 18.08%
Treasury Stock Shares 11.20M shares
Shareholders Equity $434.4M $387.5M
YoY Change
Total Liabilities & Shareholders Equity $716.6M $602.7M
YoY Change 8.75% 23.44%

Cashflow Statement

Concept 2014 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $26.94M $23.14M
YoY Change 8.73% 22.51%
Depreciation, Depletion And Amortization $4.500M $3.900M
YoY Change 9.76% 18.18%
Cash From Operating Activities $28.40M $29.00M
YoY Change -13.15% 95.95%
INVESTING ACTIVITIES
Capital Expenditures -$6.200M -$7.500M
YoY Change -29.55% 17.19%
Acquisitions
YoY Change
Other Investing Activities -$2.200M -$22.10M
YoY Change -83.21% -57.9%
Cash From Investing Activities -$8.400M -$29.70M
YoY Change -61.47% -49.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.20M -1.300M
YoY Change -66.0% -103.26%
NET CHANGE
Cash From Operating Activities 28.40M 29.00M
Cash From Investing Activities -8.400M -29.70M
Cash From Financing Activities 10.20M -1.300M
Net Change In Cash 30.20M -2.000M
YoY Change -26.16% -54.55%
FREE CASH FLOW
Cash From Operating Activities $28.40M $29.00M
Capital Expenditures -$6.200M -$7.500M
Free Cash Flow $34.60M $36.50M
YoY Change -16.63% 72.17%

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us-gaap Operating Costs And Expenses
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us-gaap Operating Expenses
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9373000 USD
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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CY2014Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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CY2013Q3 us-gaap Other Depreciation And Amortization
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3988000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
13001000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
11346000 USD
CY2014Q3 us-gaap Other Depreciation And Amortization
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4404000 USD
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us-gaap Payments For Repurchase Of Common Stock
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38692000 USD
us-gaap Payments For Repurchase Of Common Stock
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43947000 USD
us-gaap Payments Of Debt Issuance Costs
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0 USD
us-gaap Payments Of Debt Issuance Costs
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6601000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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34873000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Productive Assets
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17801000 USD
us-gaap Payments To Acquire Productive Assets
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17945000 USD
CY2013Q3 us-gaap Preferred Stock Value
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0 USD
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0 USD
CY2014Q3 us-gaap Preferred Stock Value
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0 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets
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4780000 USD
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3369000 USD
CY2014Q3 us-gaap Prepaid Expense And Other Assets
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us-gaap Proceeds From Issuance Of Unsecured Debt
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0 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
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200000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
25500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
121900000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8442000 USD
us-gaap Proceeds From Stock Options Exercised
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2262000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
108137000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
102029000 USD
CY2014Q3 us-gaap Property Plant And Equipment Net
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115115000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8088000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6892000 USD
CY2013Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3464000 USD
CY2014Q3 us-gaap Provision For Doubtful Accounts
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2913000 USD
us-gaap Repayments Of Lines Of Credit
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71900000 USD
us-gaap Repayments Of Lines Of Credit
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190000000 USD
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8352000 USD
us-gaap Repayments Of Notes Payable
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555953000 USD
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Revenues
475645000 USD
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Revenues
173379000 USD
CY2014Q3 us-gaap Revenues
Revenues
175000000 USD
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SalesRevenueGoodsNet
89772000 USD
CY2014Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
101950000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
255442000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
297846000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1268000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1370000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
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StockIssuedDuringPeriodValueStockOptionsExercised
2262000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
8442000 USD
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414359000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
429454000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
387512000 USD
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429454000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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352416000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q4 us-gaap Treasury Stock Value
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252687000 USD
CY2013Q3 us-gaap Treasury Stock Value
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252687000 USD
CY2014Q3 us-gaap Treasury Stock Value
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296634000 USD
us-gaap Treasury Stock Value Acquired Cost Method
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43947000 USD
us-gaap Treasury Stock Value Acquired Cost Method
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38692000 USD
CY2013Q4 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
0 USD
CY2013Q3 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
0 USD
CY2014Q3 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
200000000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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29160000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28805000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29637000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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28762000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29128000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28397000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28904000 shares
CY2014Q3 fcfs Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Consumer Loans Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedConsumerLoansNet
306000 USD
CY2014Q3 fcfs Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Pawn Loans
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7878000 USD
CY2014Q3 fcfs Business Combinationrecognizedidentifiableassetsacquiredandliabilitiesassumeddeferredtaxassetscurrent
BusinessCombinationrecognizedidentifiableassetsacquiredandliabilitiesassumeddeferredtaxassetscurrent
1372000 USD
fcfs Consumer Loan And Credit Services Fees
ConsumerLoanAndCreditServicesFees
27674000 USD
fcfs Consumer Loan And Credit Services Fees
ConsumerLoanAndCreditServicesFees
32770000 USD
CY2014Q3 fcfs Consumer Loan And Credit Services Fees
ConsumerLoanAndCreditServicesFees
9474000 USD
CY2013Q3 fcfs Consumer Loan And Credit Services Fees
ConsumerLoanAndCreditServicesFees
10918000 USD
CY2014Q3 fcfs Consumer Loans Net
ConsumerLoansNet
1510000 USD
CY2013Q3 fcfs Consumer Loans Net
ConsumerLoansNet
1375000 USD
CY2013Q4 fcfs Consumer Loans Net
ConsumerLoansNet
1450000 USD
fcfs Costofwholesalescrapjewelrysold
Costofwholesalescrapjewelrysold
31608000 USD
CY2014Q3 fcfs Costofwholesalescrapjewelrysold
Costofwholesalescrapjewelrysold
10444000 USD
CY2013Q3 fcfs Costofwholesalescrapjewelrysold
Costofwholesalescrapjewelrysold
22394000 USD
fcfs Costofwholesalescrapjewelrysold
Costofwholesalescrapjewelrysold
45498000 USD
fcfs Depreciation And Amortization Expense
DepreciationAndAmortizationExpense
11346000 USD
fcfs Depreciation And Amortization Expense
DepreciationAndAmortizationExpense
13001000 USD
CY2013Q3 fcfs Investments In Subsidiaries
InvestmentsInSubsidiaries
0 USD
CY2013Q4 fcfs Investments In Subsidiaries
InvestmentsInSubsidiaries
0 USD
CY2014Q3 fcfs Investments In Subsidiaries
InvestmentsInSubsidiaries
0 USD
fcfs Non Cash Portion Of Credit Loss Provision
NonCashPortionOfCreditLossProvision
797000 USD
fcfs Non Cash Portion Of Credit Loss Provision
NonCashPortionOfCreditLossProvision
808000 USD
fcfs Pawn Fees And Service Charges Receivable
PawnFeesAndServiceChargesReceivable
3084000 USD
fcfs Pawn Fees And Service Charges Receivable
PawnFeesAndServiceChargesReceivable
2623000 USD
CY2014Q3 fcfs Pawn Loan Fees
PawnLoanFees
51778000 USD
fcfs Pawn Loan Fees
PawnLoanFees
133658000 USD
CY2013Q3 fcfs Pawn Loan Fees
PawnLoanFees
47455000 USD
fcfs Pawn Loan Fees
PawnLoanFees
146971000 USD
CY2013Q3 fcfs Pawn Loan Fees And Service Charges Receivable
PawnLoanFeesAndServiceChargesReceivable
17673000 USD
CY2014Q3 fcfs Pawn Loan Fees And Service Charges Receivable
PawnLoanFeesAndServiceChargesReceivable
19481000 USD
CY2013Q4 fcfs Pawn Loan Fees And Service Charges Receivable
PawnLoanFeesAndServiceChargesReceivable
16689000 USD
fcfs Pawn Loan Receivables
PawnLoanReceivables
24324000 USD
fcfs Pawn Loan Receivables
PawnLoanReceivables
16640000 USD
CY2013Q4 fcfs Pawn Loans
PawnLoans
115234000 USD
CY2014Q3 fcfs Pawn Loans
PawnLoans
136981000 USD
CY2013Q3 fcfs Pawn Loans
PawnLoans
121187000 USD
fcfs Proceedsfrom Repaymentsof Subsidiaries Investing Activities
ProceedsfromRepaymentsofSubsidiariesInvestingActivities
0 USD
fcfs Proceedsfrom Repaymentsof Subsidiaries Investing Activities
ProceedsfromRepaymentsofSubsidiariesInvestingActivities
0 USD
CY2014Q3 fcfs Wholesale Scrap Jewelry Revenue
WholesaleScrapJewelryRevenue
11798000 USD
fcfs Wholesale Scrap Jewelry Revenue
WholesaleScrapJewelryRevenue
53775000 USD
fcfs Wholesale Scrap Jewelry Revenue
WholesaleScrapJewelryRevenue
37612000 USD
CY2013Q3 fcfs Wholesale Scrap Jewelry Revenue
WholesaleScrapJewelryRevenue
25234000 USD
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000840489
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
28306979 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
FIRST CASH FINANCIAL SERVICES INC

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0000840489-14-000073-xbrl.zip Edgar Link pending
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