FCFS FY 2009 Earnings Report — FirstCash Holdings, Inc Revenue & Financial Results | Market Cap Arena

FirstCash Holdings, IncFCFS

FY 2009 Earnings

Reported March 15, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$363M	—	$321M	—	13.2%
Op. Income	$66M	—	$59M	—	11.9%
Gross Margin	58.2%	—	60.1%	—	-1.9pp
Net Margin	13.7%	—	-6.7%	—	20.4pp
EPS (Diluted)	$1.65	—	$-0.71	—	332.4%
Free Cash Flow	$65M	—	$37M	—	73.0%

Revenue Flow

Item	Amount
REVENUE	$363M
Cost of Revenue	$152M
GROSS PROFIT	$211M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$135M
Other Expenses	$10M
Operating Expenses	$145M
Cost & Expenses	$297M
OPERATING INCOME	$66M
Interest Income	$67.0K
Interest Expense	$765.0K
Other Income/Expenses	-$698.0K
INCOME BEFORE TAX	$66M
Income Tax Expense	$25M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$9M
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$11M
EBIT	$67M
EBITDA	$78M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$363M
Cost of Revenue	$152M
GROSS PROFIT	$211M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$135M
Other Expenses	$10M
Operating Expenses	$145M
Cost & Expenses	$297M
OPERATING INCOME	$66M
Interest Income	$67.0K
Interest Expense	$765.0K
Other Income/Expenses	-$698.0K
INCOME BEFORE TAX	$66M
Income Tax Expense	$25M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$9M
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$11M
EBIT	$67M
EBITDA	$78M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$50M
Depreciation & Amortization	$11M
Stock-Based Compensation	$346.0K
Deferred Income Tax	$16M
Other Non-Cash Items	-$106.0K
Change in Working Capital	$3M
OPERATING CASH FLOW	$80M
Capital Expenditure	-$15M
Acquisitions (Net)	-$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$12M
Net Debt Issuance	-$76M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$71M
FREE CASH FLOW	$65M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$27M
Short-Term Investments	$0
Net Receivables	$65M
Inventory	$34M
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$137M
PP&E (Net)	$48M
Goodwill	$70M
Intangible Assets	$0
Long-Term Investments	-$11M
Tax Assets	$11M
Other Non-Current Assets	$1M
TOTAL NON-CURRENT ASSETS	$120M
TOTAL ASSETS	$256M
Account Payables	$2M
Short-Term Debt	$4M
Deferred Revenue	$11M
Other Current Liabilities	$14M
TOTAL CURRENT LIABILITIES	$35M
Long-Term Debt	$5M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$9M
TOTAL LIABILITIES	$44M
Common Stock	$367.0K
Additional Paid-In Capital	$118M
Retained Earnings	$198M
Treasury Stock	-$97M
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$212M
Minority Interest	$0
TOTAL EQUITY	$212M
TOTAL LIABILITIES & EQUITY	$256M
Total Debt	$9M
Net Debt	-$17M