FCFS FY 2010 Earnings Report — FirstCash Holdings, Inc Revenue & Financial Results | Market Cap Arena

FirstCash Holdings, IncFCFS

FY 2010 Earnings

Reported February 25, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$421M	—	$363M	—	16.1%
Op. Income	$80M	—	$66M	—	20.7%
Gross Margin	58.4%	—	58.2%	—	0.2pp
Net Margin	13.7%	—	13.7%	—	-0.0pp
EPS (Diluted)	$1.86	—	$1.65	—	12.7%
Free Cash Flow	$55M	—	$65M	—	-14.5%

Revenue Flow

Item	Amount
REVENUE	$421M
Cost of Revenue	$175M
GROSS PROFIT	$246M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$40M
SG&A Expenses	$40M
Other Expenses	$125M
Operating Expenses	$166M
Cost & Expenses	$341M
OPERATING INCOME	$80M
Interest Income	$97.0K
Interest Expense	$391.0K
Other Income/Expenses	-$294.0K
INCOME BEFORE TAX	$80M
Income Tax Expense	$29M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$6M
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$11M
EBIT	$80M
EBITDA	$91M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$421M
Cost of Revenue	$175M
GROSS PROFIT	$246M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$40M
SG&A Expenses	$40M
Other Expenses	$125M
Operating Expenses	$166M
Cost & Expenses	$341M
OPERATING INCOME	$80M
Interest Income	$97.0K
Interest Expense	$391.0K
Other Income/Expenses	-$294.0K
INCOME BEFORE TAX	$80M
Income Tax Expense	$29M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$6M
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$11M
EBIT	$80M
EBITDA	$91M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$11M
Stock-Based Compensation	$1M
Deferred Income Tax	$2M
Other Non-Cash Items	$2M
Change in Working Capital	$709.0K
OPERATING CASH FLOW	$74M
Capital Expenditure	-$18M
Acquisitions (Net)	-$6M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$24M
NET CASH FROM INVESTING	-$48M
Net Debt Issuance	-$10M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$23M
NET CASH FROM FINANCING	$14M
FREE CASH FLOW	$55M
Net Change in Cash	$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$67M
Short-Term Investments	$0
Net Receivables	$84M
Inventory	$47M
Other Current Assets	$500.0K
TOTAL CURRENT ASSETS	$205M
PP&E (Net)	$58M
Goodwill	$76M
Intangible Assets	$0
Long-Term Investments	-$8M
Tax Assets	$8M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$137M
TOTAL ASSETS	$342M
Account Payables	$3M
Short-Term Debt	$465.0K
Deferred Revenue	-$25M
Other Current Liabilities	$18M
TOTAL CURRENT LIABILITIES	$35M
Long-Term Debt	$1M
Deferred Revenue NC	-$8M
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$10M
TOTAL LIABILITIES	$44M
Common Stock	$380.0K
Additional Paid-In Capital	$142M
Retained Earnings	$256M
Treasury Stock	-$97M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$298M
Minority Interest	$0
TOTAL EQUITY	$298M
TOTAL LIABILITIES & EQUITY	$342M
Total Debt	$2M
Net Debt	-$65M