FCFS FY 2014 Earnings Report — FirstCash Holdings, Inc Revenue & Financial Results | Market Cap Arena

FirstCash Holdings, IncFCFS

FY 2014 Earnings

Reported February 12, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$713M	—	$661M	—	7.9%
Op. Income	$131M	—	$123M	—	6.0%
Gross Margin	56.2%	—	55.9%	—	0.3pp
Net Margin	11.9%	—	12.7%	—	-0.7pp
EPS (Diluted)	$2.93	—	$2.84	—	3.2%
Free Cash Flow	$74M	—	$80M	—	-7.9%

Revenue Flow

Item	Amount
REVENUE	$713M
Cost of Revenue	$312M
GROSS PROFIT	$401M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$54M
SG&A Expenses	$54M
Other Expenses	$216M
Operating Expenses	$270M
Cost & Expenses	$582M
OPERATING INCOME	$131M
Interest Income	$682.0K
Interest Expense	$14M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$117M
Income Tax Expense	$32M
Net Income from Continuing Ops	$85M
Net Income from Discontinued Ops	-$272.0K
Other Adjustments	$0
NET INCOME	$85M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$85M
D&A	$17M
EBIT	$131M
EBITDA	$148M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$713M
Cost of Revenue	$312M
GROSS PROFIT	$401M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$54M
SG&A Expenses	$54M
Other Expenses	$216M
Operating Expenses	$270M
Cost & Expenses	$582M
OPERATING INCOME	$131M
Interest Income	$682.0K
Interest Expense	$14M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$117M
Income Tax Expense	$32M
Net Income from Continuing Ops	$85M
Net Income from Discontinued Ops	-$272.0K
Other Adjustments	$0
NET INCOME	$85M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$85M
D&A	$17M
EBIT	$131M
EBITDA	$148M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$85M
Depreciation & Amortization	$17M
Stock-Based Compensation	$2M
Deferred Income Tax	$1M
Other Non-Cash Items	$2M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$98M
Capital Expenditure	-$24M
Acquisitions (Net)	-$59M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$85M
Net Debt Issuance	$32M
Common Stock Repurchased	-$44M
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$9M
FREE CASH FLOW	$74M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$68M
Short-Term Investments	$0
Net Receivables	$137M
Inventory	$91M
Other Current Assets	$12M
TOTAL CURRENT ASSETS	$308M
PP&E (Net)	$114M
Goodwill	$277M
Intangible Assets	$0
Long-Term Investments	-$7M
Tax Assets	$7M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$407M
TOTAL ASSETS	$715M
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$14M
Other Current Liabilities	$16M
TOTAL CURRENT LIABILITIES	$43M
Long-Term Debt	$222M
Deferred Revenue NC	-$22M
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$224M
TOTAL LIABILITIES	$266M
Common Stock	$397.0K
Additional Paid-In Capital	$188M
Retained Earnings	$583M
Treasury Stock	-$297M
Accum. Other Comp. Income	-$26M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$449M
Minority Interest	$0
TOTAL EQUITY	$449M
TOTAL LIABILITIES & EQUITY	$715M
Total Debt	$222M
Net Debt	$154M