-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TE4n9/t35rPlKNubI6TT5lyRTqOtF6M6LnsesnsLjEnad3BXuFIEsbr+OYFQQGkj Z9g4O++1pkupCbPP+l5puA== 0000950134-99-005762.txt : 19990630 0000950134-99-005762.hdr.sgml : 19990630 ACCESSION NUMBER: 0000950134-99-005762 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990629 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CASH AMERICA INTERNATIONAL INC CENTRAL INDEX KEY: 0000807884 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900] IRS NUMBER: 752018239 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: SEC FILE NUMBER: 001-09733 FILM NUMBER: 99654533 BUSINESS ADDRESS: STREET 1: 1600 W 7TH ST CITY: FT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8173351100 MAIL ADDRESS: STREET 1: 1600 WEST 7TH STREET CITY: FORT WORTH STATE: TX ZIP: 76102 FORMER COMPANY: FORMER CONFORMED NAME: CASH AMERICA INVESTMENTS INC /TX/ DATE OF NAME CHANGE: 19920520 11-K 1 FORM 11-K 1 FORM 11-K ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1998 ------------------------------------------------------- OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ------------------ -------------------- Commission file number 1-9733 A. Full title of the plan and the address of the plan, if different from that of the issuer name below: CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: CASH AMERICA INTERNATIONAL, INC. 1600 W. 7th Fort Worth, TX 76102 2 INFORMATION FURNISHED 1. Audited financial statements and supplemental schedules of the Cash America International, Inc. 401(k) Savings Plan (the "Plan"). 2. The written consent of the independent accountants for the Plan, filed as an exhibit to this annual report. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the undersigned member of the Administrative Committee has duly caused this annual report to be signed on behalf of the Cash America International, Inc. 401(k) Savings Plan by the undersigned thereunto duly authorized. CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN By: /s/ HUGH SIMPSON --------------------------------- Hugh Simpson Cash America International, Inc. 401(k) Savings Plan Administrative Committee Date: June 29, 1999 ii 3 CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES TABLE OF CONTENTS
PAGE(S) Report of Independent Accountants 2 Financial Statements: Statements of Net Assets Available for Benefits as of December 31, 1998 and 1997 3 Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 1998 4 Notes to Financial Statements 5 - 14 Supplemental Schedules: I. Line 27a - Schedule of Assets Held for Investment Purposes as of December 31, 1998 15 II. Line 27d - Schedule of Reportable Transactions - Single Transactions for the Year Ended December 31, 1998 16 III. Line 27d - Schedule of Reportable Transactions - Series of Transactions for the Year Ended December 31, 1998 17
1 4 REPORT OF INDEPENDENT ACCOUNTANTS To the Plan Administrator of the Cash America International, Inc. 401(k) Savings Plan In our opinion, the accompanying statements of net assets available for benefits and the related statement of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits as of December 31, 1998 and 1997, Cash America International, Inc. 401(k) Savings Plan (the "Plan"), and the changes in its net assets available for benefits for the year ended December 31, 1998 in conformity with generally accepted accounting principles. These financial statements are the responsibility of the Plan's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with generally accepted auditing standards which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. Our audits are performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The accompanying supplemental schedules of the Plan are presented for purposes of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated, in all material respects, in relation to the basic financial statements taken as a whole. May 5, 1999 5 CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 1998 AND 1997 - -------------------------------------------------------------------------------
1998 1997 ------------ ------------ Assets Investments, at fair value: Equity mutual funds (cost $3,649,499 and $2,663,211 for 1998 and 1997, respectively) $ 3,755,219 $ 2,886,306 Fixed income mutual funds (cost of $1,820,150 and $1,247,530 for 1998 and 1997, respectively) 1,832,445 1,306,229 Equity securities (cost of $1,801,317 and $1,454,289 for 1998 and 1997, respectively) 2,821,473 2,207,857 Participant notes receivable (cost of $528,215 and $361,984 for 1998 and 1997, respectively) 528,215 361,984 Cash and equivalents (cost of $88,742 and $70,107 for 1998 and 1997, respectively) 88,742 70,107 ------------ ------------ Total investments 9,026,094 6,832,483 Contributions receivable: Participants 55,157 132,779 Company 19,854 29,300 ------------ ------------ Total assets 9,101,105 6,994,562 ------------ ------------ Net assets available for benefits $ 9,101,105 $ 6,994,562 ============ ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 3 6 CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 1998 - ------------------------------------------------------------------------------- Additions to net assets attributed to: Dividend income $ 412,250 Interest income 53,787 Net appreciation in fair value of investments 327,994 ------------ Total investment income 794,031 Contributions: Participants 511,747 Company 1,619,949 ------------ Total additions 2,925,727 ------------ Deductions from net assets attributed to: Participants' withdrawals 709,312 Administrative expenses 109,872 ------------ Total deductions 819,184 ------------ Net increase 2,106,543 Net assets available for benefits: Beginning of year 6,994,562 ------------ End of year $ 9,101,105 ============
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS. 4 7 CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS - ------------------------------------------------------------------------------- 1. DESCRIPTION OF PLAN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: The following brief description of the Cash America International, Inc. 401(k) Savings Plan (the Plan) is provided as general information only. Participants should refer to the Plan document for complete information regarding the Plan's definitions, benefits, eligibility and other matters. GENERAL The Plan is a contributory savings plan available to all full-time employees of Cash America International, Inc. (the Company) who have completed six months of service and have reached 21 years of age, and all part-time employees who have completed one year of service and have reached 21 years of age. Employee contribution to the Plan is voluntary. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA) and is intended to qualify under Sections 401(a) and 401(k) of the Internal Revenue Code. CONTRIBUTIONS Participants may contribute a percentage of their annual compensation (up to 22%) to the Plan on a before-tax basis, subject to the Internal Revenue Service's (IRS) limitations, which are adjusted each year to take into account any cost of living increase provided for that year. For 1998 and 1997, the IRS limitation was $10,000 and $9,500, respectively. Contributions designated by the participant are withheld by the employer and remitted directly to the trustee. Company matching contributions are made in cash and are allocated among a participant's account in the same percentages to which the employee directs his or her contributions. The Company matches 50% of a participant's contribution on the first 5% of compensation. PARTICIPANTS' ACCOUNTS Each participant's account is credited with his or her contribution and allocations of (a) the Company's matching contributions and (b) Plan earnings. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account. 5 8 CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED - ------------------------------------------------------------------------------- 1. DESCRIPTION OF PLAN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED: INVESTMENT OPTIONS A participant may direct contributions in any combination of the following eight investment options: o CASH AMERICA INTERNATIONAL, INC. COMMON STOCK FUND - Funds are invested primarily in shares of Cash America International, Inc. common stock. The number of participants in this fund as of December 31, 1998 is 696. o STABLE VALUE FUND (SCHWAB RETIREMENT MONEY) - Funds are invested in high quality, short-term debt securities such as bank CDs, highly rated commercial paper, and short-term obligations of, or guaranteed by, the U.S. or Canadian Governments. The number of participants in this fund as of December 31, 1998 is 475. o INTERMEDIATE BOND FUND (PIMCO TOTAL RETURN INSTITUTIONAL CLASS) - Funds are invested primarily in debt securities, including U.S. Government securities, corporate bonds, and mortgage-related securities. Funds are also invested in securities denominated in foreign currencies. The number of participants in this fund as of December 31, 1998 is 372. o MIXED INVESTMENT FUND (DODGE & COX BALANCED) - Funds are invested primarily in common stock and convertible securities. Funds are also invested in investment-grade fixed income securities. The number of participants in this fund as of December 31, 1998 is 641. o BASIC STOCK FUND (T. ROWE PRICE EQUITY INCOME) - Funds are primarily invested in income-producing common stocks. Funds are also invested in fixed-income securities. The number of participants in this fund as of December 31, 1998 is 602. o GROWTH STOCK FUND (HARRIS ASSOCIATES INVESTMENT TRUST OAKMARK) - Funds are primarily invested in common stocks and convertible securities, especially those with prices deemed below their long-term value. Funds are also invested in equity or debt securities of foreign companies. The number of participants in this fund as of December 31, 1998 is 595. 6 9 CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED - ------------------------------------------------------------------------------- 1. DESCRIPTION OF PLAN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED: o AGGRESSIVE GROWTH STOCK FUND (BARON ASSET) - Funds are primarily invested in companies with market capitalization between $100 million and $2 billion that have undervalued assets or favorable growth prospects. The number of participants in this fund as of December 31, 1998 is 628. Prior to April 7, 1998, the Aggressive Growth Stock Fund was invested in the AIM Equity Constellation Retail Mutual Fund, which invested in common stock of small- to medium-size emerging growth companies. o INTERNATIONAL FUND (BT INVESTMENT INTERNATIONAL EQUITY) - Funds are primarily invested in stocks and debt securities of companies and governments outside the United States. The number of participants in this fund as of December 31, 1998 is 247. The allocation of a participant's contributions among investment funds is determined by the participant and may be changed at any time. VESTING Participants are always 100% vested in their voluntary contributions plus actual earnings thereon. Vesting in the remainder of their accounts is based on the number of years of service as follows: VESTING SCHEDULE
YEARS OF SERVICE VESTING PERCENTAGE ------------------ -------------------- Less than 1 0% 1 20% 2 40% 3 60% 4 80% 5 or more 100%
7 10 CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED - ------------------------------------------------------------------------------- 1. DESCRIPTION OF PLAN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED: PARTICIPANT NOTES RECEIVABLE Participants may borrow from their fund accounts a minimum of $500 up to a maximum equal to the lesser of $50,000 or 50 percent of their vested account balance. Loan transactions are treated as a transfer to (from) the investment fund from (to) the Participant Notes Receivable Fund. Loan terms range from one to five years, except for loans funded for purchase of a principal residence which may be repaid over ten years. The loans are collateralized by the balance in the participant's account and bear interest at 1% above the prime rate as published in the Wall Street Journal on the first day of the month in which the loan is funded. Interest rates range from 7.75% to 10% for loans outstanding at December 31, 1998. Principal and interest are paid ratably through monthly payroll deductions. A loan origination fee of $50 is assessed to the borrowing participant by the Plan upon funding of the loan. PAYMENT OF BENEFITS The vested portion of a participant's account becomes available upon termination of employment, retirement, total and permanent disability, death or upon reaching the age of 59-1/2. All distributions from participant accounts must be paid as a lump sum. In the event of death of the participant, the beneficiary is entitled to receive the lump sum distribution. Hardship withdrawals are permitted if the participant meets the eligibility requirements. FORFEITURES Forfeitures represent unvested portions of terminated participants' accounts and are used to partially offset recordkeeping, trustee and other administrative expenses of the Plan. Forfeitures for 1998 were approximately $37,000. BASIS OF ACCOUNTING The financial statements of the Plan are prepared under the accrual method of accounting. 8 11 CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED - ------------------------------------------------------------------------------- 1. DESCRIPTION OF PLAN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED: INVESTMENT VALUATION AND INCOME RECOGNITION The Plan's investments in each investment fund are valued at fair value, using market quotations, where available, and other available information. Participant notes receivable are valued at original loan value less principal repayments, which approximates fair value. The Plan presents, in the statement of changes in net assets available for benefits, the net appreciation (depreciation) in fair value of investments, which consists of the realized gains or losses and the unrealized appreciation (depreciation) on investments. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. PARTICIPANT WITHDRAWALS Participant withdrawals are recorded when paid for financial statement purposes. For Form 5500 reporting purposes, participant withdrawals are recorded when processed and approved for payment. PLAN ADMINISTRATION Expenses related to the Plan are borne by four sources: 1) loan origination fees, 2) forfeitures, 3) the Company, and 4) participants. USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of changes in net assets available for benefits during the reporting period. Actual results could differ from those estimates. 9 12 CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED - ------------------------------------------------------------------------------- 2. INVESTMENTS IN EXCESS OF 5% OF NET ASSETS AVAILABLE FOR BENEFITS: Investments that comprised 5% or more of the net assets available for benefits at December 31, 1998 and 1997, were as follows:
1998 1997 ------------ ------------ Mutual funds: AIM Equity Constellation Retail $ 791,270 Baron Asset $ 1,159,920 Dodge & Cox Balanced 876,321 657,562 Harris Associates Investment Trust Oakmark 1,054,208 823,135 Schwab Retirement Money 600,567 443,187 T. Rowe Price Equity Income 1,334,202 1,090,856 Equity securities: Cash America International, Inc. common stock 2,821,473 2,207,857 These investments are subject to future changes in market prices that may make these financial instruments less valuable and result in a loss During 1998, appreciation (depreciation) of the Plan's investments was as follows: Fixed income mutual funds $ (25,598) Equity mutual funds (72,223) Equity securities 425,815 ------------ Net appreciation $ 327,994 ============
3. PLAN TERMINATION The Plan has been established with the intention that it will continue and be a permanent plan. However, the Plan may be terminated by resolution of the Company's Board of Directors at any time, subject to the provisions of ERISA. In the event the Plan terminates, the participants will become 100% vested in their accounts. 4. PARTY-IN-INTEREST TRANSACTIONS: Certain plan investments are shares of Cash America International, Inc. Common Stock. Cash America International, Inc. sponsors the plan, therefore these investments qualify as party-in-interest transactions. Certain plan investments are shares of mutual funds managed by Charles Schwab Trust Company or their affiliates. This institution serves as trustee to the Plan and, therefore, these investments qualify as party-in-interest transactions. 10 13 CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED - ------------------------------------------------------------------------------- 5. FEDERAL INCOME TAX STATUS: The Plan obtained a determination letter dated February 12, 1998, from the Internal Revenue Service which stated that the Plan, as then designed, was in compliance with the applicable requirements of the Internal Revenue Code. The Plan has been amended subsequent to the date of the determination letter; however, the Plan administrator believes that the Plan is currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code. Accordingly, no provision for federal income taxes has been recorded in the accompanying financial statements. 6. FINANCIAL INFORMATION BY INVESTMENT OPTION: The following presents the net assets available for benefits as of December 31, 1998 and 1997 and the changes in net assets available for benefits for the year ended December 31, 1998 by investment option: 11 14 CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED - ------------------------------------------------------------------------------- 6. FINANCIAL INFORMATION BY INVESTMENT OPTION, CONTINUED: STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 1998
PARTICIPANT-DIRECTED FUNDS ---------------------------------------------------------------------------------------- CASH AMERICA INTERNATIONAL, INC. STABLE IMMEDIATE MIXED BASIC GROWTH COMMON STOCK VALUE BOND INVESTMENT STOCK STOCK ------------- ---------- ---------- ---------- ---------- ---------- Investments at fair value: Equity mutual funds $1,334,202 $1,054,208 Fixed income mutual funds $ 600,567 $ 355,557 $ 876,321 Equity securities $ 2,821,473 Participant notes receivable Cash and cash equivalents 16,442 3,624 4,846 14,690 12,782 15,612 ------------- ---------- ---------- ---------- ---------- ---------- Total investments 2,837,915 604,191 360,403 891,011 1,346,984 1,069,820 Contributions receivable: Participants 10,219 5,234 2,672 7,890 7,276 9,238 Company 3,758 2,021 957 3,046 2,474 3,016 ------------- ---------- ---------- ---------- ---------- ---------- Total assets 2,851,892 611,446 364,032 901,947 1,356,734 1,082,074 ------------- ---------- ---------- ---------- ---------- ---------- Net assets available for benefits $ 2,851,892 $ 611,446 $ 364,032 $ 901,947 $1,356,734 $1,082,074 ============= ========== ========== ========== ========== ==========
PARTICIPANT-DIRECTED FUNDS --------------------------- AGGRESSIVE PARTICIPANT GROWTH NOTES STOCK INTERNATIONAL RECEIVABLE TOTAL ---------- ------------- ---------- ---------- Investments at fair value: Equity mutual funds $1,159,920 $ 206,889 $3,755,219 Fixed income mutual funds 1,832,445 Equity securities 2,821,473 Participant notes receivable $ 528,215 528,215 Cash and cash equivalents 17,340 3,406 88,742 ---------- ---------- ---------- ---------- Total investments 1,177,260 210,295 528,215 9,026,094 Contributions receivable: Participants 10,667 1,961 55,157 Company 3,866 716 19,854 ---------- ---------- ---------- ---------- Total assets 1,191,793 212,972 528,215 9,101,105 ---------- ---------- ---------- ---------- Net assets available for benefits $1,191,793 $ 212,972 $ 528,215 $9,101,105 ========== ========== ========== ==========
12 15 CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED - ------------------------------------------------------------------------------- 6. FINANCIAL INFORMATION BY INVESTMENT OPTION, CONTINUED: STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER 31, 1997
PARTICIPANT-DIRECTED FUNDS -------------------------------------------------------------------------------------- CASH AMERICA INTERNATIONAL, INC. STABLE IMMEDIATE MIXED BASIC GROWTH COMMON STOCK VALUE BOND INVESTMENT STOCK STOCK ----------- ---------- ---------- ---------- ---------- ---------- Investments at fair value: Equity mutual funds $1,090,856 $ 823,135 Fixed income mutual funds $ 443,187 $ 205,480 $ 657,562 Equity securities $ 2,207,857 Participant notes receivable Cash and cash equivalents 10,979 4,673 4,191 10,296 9,483 13,418 ----------- ---------- ---------- ---------- ---------- ---------- Total investments 2,218,836 447,860 209,671 667,858 1,100,339 836,553 ----------- ---------- ---------- ---------- ---------- ---------- Contributions receivable: Participants 11,950 3,983 25,228 31,867 33,195 Company 2,639 879 5,566 7,031 7,325 ----------- ---------- ---------- ---------- ---------- ---------- Total assets 2,218,836 462,449 214,533 698,652 1,139,237 877,073 ----------- ---------- ---------- ---------- ---------- ---------- Net assets available for benefits $ 2,218,836 $ 462,449 $ 214,533 $ 698,652 $1,139,237 $ 877,073 =========== ========== ========== ========== ========== ==========
PARTICIPANT-DIRECTED FUNDS --------------------------- AGGRESSIVE PARTICIPANT GROWTH . NOTES STOCK INTERNATIONAL RECEIVABLE TOTAL ---------- ------------- ---------- ---------- Investments at fair value: Equity mutual funds $ 791,270 $ 181,045 $2,886,306 Fixed income mutual funds 1,306,229 Equity securities 2,207,857 Participant notes receivable $ 361,984 361,984 Cash and cash equivalents 13,971 3,096 70,107 ---------- ------------- ---------- ---------- Total investments 805,241 184,141 361,984 6,832,483 ---------- ------------- ---------- ---------- Contributions receivable: Participants 13,278 13,278 132,779 Company 2,930 2,930 29,300 ---------- ------------- ---------- ---------- Total assets 821,449 200,349 361,984 6,994,562 ---------- ------------- ---------- ---------- Net assets available for benefits $ 821,449 $ 200,349 $ 361,984 $6,994,562 ========== ============= ========== ==========
13 16 CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS, CONTINUED - ------------------------------------------------------------------------------- 6. FINANCIAL INFORMATION BY INVESTMENT OPTION, CONTINUED: STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEAR ENDED DECEMBER 31, 1998
PARTICIPANT-DIRECTED FUNDS --------------------------------------------------------------------------------- CASH AMERICA INTERNATIONAL, INC. STABLE IMMEDIATE MIXED BASIC COMMON STOCK VALUE BOND INVESTMENT STOCK ------------ ----------- ----------- ----------- ----------- Additions to net asses attributed to Dividend income $ 8,913 $ 25,576 $ 33,846 $ 71,425 $ 98,824 Interest income 58 9,542 608 678 820 Net appreciation (depreciation) in fair value of investments 425,815 (5,589) (20,009) 10,007 Participant contributions 301,756 116,924 99,546 255,904 248,150 Company contributions 98,367 52,237 24,228 75,328 67,530 ------------ ----------- ----------- ----------- ----------- Total additions 834,909 204,279 152,639 383,326 425,331 ------------ ----------- ----------- ----------- ----------- Deductions from net assets attributed to: Participant withdrawals (214,890) (44,194) (49,220) (76,348) (109,862) Forfeitures (10,227) 34,815 (2,332) (5,353) (3,786) Administrative expenses (109,872) ------------ ----------- ----------- ----------- ----------- Net increase before transfers among funds, net 609,792 85,028 101,087 301,625 311,683 Fund transfers 23,264 63,969 48,412 (98,330) (94,186) ------------ ----------- ----------- ----------- ----------- Net increase 633,056 148,997 149,499 203,295 217,497 Net assets available for benefits, Beginning of year 2,218,836 462,449 214,533 698,652 1,139,237 ------------ ----------- ----------- ----------- ----------- End of year $ 2,851,892 $ 611,446 $ 364,032 $ 901,947 $ 1,356,734 ============ =========== =========== =========== ===========
PARTICIPANT-DIRECTED FUNDS ---------------------------------------------------------------- AGGRESSIVE PARTICIPANT GROWTH GROWTH NOTES STOCK STOCK INTERNATIONAL RECEIVABLE TOTAL ----------- ----------- ------------- ----------- ----------- Additions to net asses attributed to Dividend income $ 151,802 $ 932 $ 20,932 $ 412,250 Interest income 2,171 823 64 $ 39,023 53,787 Net appreciation (depreciation) in fair value of investments (117,517) 66,550 (31,263) 327,994 Participant contributions 265,736 285,228 46,705 1,619,949 Company contributions 80,049 97,216 16,792 511,747 ----------- ----------- ------------- ----------- ----------- Total additions 382,241 450,749 53,230 39,023 2,925,727 ----------- ----------- ------------- ----------- ----------- Deductions from net assets attributed to: Participant withdrawals (100,951) (72,075) (17,242) (24,530) (709,312) Forfeitures (7,331) (5,296) (490) Administrative expenses (109,872) ----------- ----------- ------------- ----------- ----------- Net increase before transfers among funds, net 273,959 373,378 35,498 14,493 2,106,543 Fund transfers (68,958) (3,034) (22,875) 151,738 ----------- ----------- ------------- ----------- ----------- Net increase 205,001 370,344 12,623 166,231 2,106,543 Net assets available for benefits, Beginning of year 877,073 821,449 200,349 361,984 6,994,562 ----------- ----------- ------------- ----------- ----------- End of year $ 1,082,074 $ 1,191,793 $ 212,972 $ 528,215 $ 9,101,105 =========== =========== ============= =========== ===========
14 17 SUPPLEMENTAL SCHEDULE I CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN LINE 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AS OF DECEMBER 31, 1998 - -------------------------------------------------------------------------------
SHARES COST VALUE FAIR VALUE ---------- ---------- ---------- Baron Asset Funds 22,951 $1,076,131 $1,159,920 Dodge & Cox Balanced Mutual Funds 13,436 859,581 876,321 Harris Associates Investment Trust Oakmark Mutual Funds 29,431 1,096,178 1,054,208 Pimco Total Return Institutional Class Mutual Funds 33,734 360,002 355,557 * Schwab Retirement Money Mutual Funds 600,567 600,567 600,567 T. Rowe Price Equity Income Mutual Funds 50,692 1,231,098 1,334,202 BT Investment International Equity Mutual Funds 24,659 246,092 206,889 Cash and equivalents 88,742 88,742 * Cash America International, Inc. common stock 185,776 1,801,317 2,821,473 Participant Notes Receivable at 7.75% to 10% 528,215 528,215 ---------- ---------- ---------- $7,887,923 $9,026,094 ========== ==========
* Denotes an investment held by an entity known to be a party-in-interest to the Plan. 15 18 SUPPLEMENTAL SCHEDULE II CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN LINE 27D - SCHEDULE OF REPORTABLE TRANSACTIONS - SINGLE TRANSACTIONS FOR THE YEAR ENDED DECEMBER 31, 1998 - -------------------------------------------------------------------------------
EXPENSE INCURRED PURCHASE SELLING WITH IDENTITY OF PARTY INVOLVED DESCRIPTION OF ASSETS PRICE PRICE TRANSACTION - -------------------------------- -------------------------------------------- ------------ ------------ ------------- Charles Schwab Trust Company AIM Equity Constellation Retail Mutual Funds $ 792,653 Charles Schwab Trust Company Baron Asset Funds $ 792,653
CURRENT VALUE OF ASSET ON COST OF TRANSACTION NET GAIN IDENTITY OF PARTY INVOLVED DESCRIPTION OF ASSETS ASSET DATE OR (LOSS) - -------------------------------- -------------------------------------------- ------------- --------------- ------------- Charles Schwab Trust Company AIM Equity Constellation Retail Mutual Funds $ 793,767 $ 1,114 Charles Schwab Trust Company Baron Asset Funds 792,653 $ 792,653
16 19 SUPPLEMENTAL SCHEDULE III CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN LINE 27D - SCHEDULE OF REPORTABLE TRANSACTIONS - SERIES OF TRANSACTIONS FOR THE YEAR ENDED DECEMBER 31, 1998 - -------------------------------------------------------------------------------
EXPENSE INCURRED PURCHASE SELLING WITH IDENTITY OF PARTY INVOLVED DESCRIPTION OF ASSETS PRICE PRICE TRANSACTION - -------------------------------- ---------------------------------------------- ------------- ------------ ------------- Charles Schwab Trust Company AIM Equity Constellation Retail Mutual Funds 46 purchases $ 941,155 41 sales $ 871,138 Charles Schwab Trust Company Baron Asset Funds 150 purchases 400,924 138 sales 200,019 Charles Schwab Trust Company Dodge & Cox Balanced Mutual Funds 187 purchases 501,817 197 sales 254,033 Charles Schwab Trust Company Harris Associates Investment Trust Oakmark 212 purchases 721,736 203 sales 366,282 Charles Schwab Trust Company Pimco Total Return Institutional Class Mutual Funds 149 purchases 272,064 127 sales 114,522 Charles Schwab Trust Company Schwab Retirement Money Mutual Funds 259 purchases 409,387 138 sales 239,863 Charles Schwab Trust Company T. Rowe Price Equity Income Mutual Funds 188 purchases 547,201 218 sales 299,145 Charles Schwab Trust Company Cash America International, Inc. common stock 93 purchases 591,413 57 sales 364,106
CURRENT VALUE OF ASSET ON COST OF TRANSACTION NET GAIN IDENTITY OF PARTY INVOLVED DESCRIPTION OF ASSETS ASSET DATE OR (LOSS) - -------------------------------- ---------------------------------------------- ------------- -------------- ------------ Charles Schwab Trust Company AIM Equity Constellation Retail Mutual Funds 46 purchases $ 941,155 $ 941,155 41 sales 868,084 871,138 $ 3,054 Charles Schwab Trust Company Baron Asset Funds 150 purchases 400,924 400,924 138 sales 186,686 200,019 13,333 Charles Schwab Trust Company Dodge & Cox Balanced Mutual Funds 187 purchases 501,817 501,817 197 sales 235,946 254,033 18,087 Charles Schwab Trust Company Harris Associates Investment Trust Oakmark 212 purchases 721,736 721,736 203 sales 343,885 366,282 22,397 Charles Schwab Trust Company Pimco Total Return Institutional Class Mutual Funds 149 purchases 272,064 272,064 127 sales 111,914 114,522 2,608 Charles Schwab Trust Company Schwab Retirement Money Mutual Funds 259 purchases 409,387 409,387 138 sales 239,863 239,863 Charles Schwab Trust Company T. Rowe Price Equity Income Mutual Funds 188 purchases 547,201 547,201 218 sales 283,855 299,145 15,290 Charles Schwab Trust Company Cash America International, Inc. common stock 93 purchases 591,413 591,413 57 sales 238,000 364,106 126,106
17 20 INDEX TO EXHIBITS
EXHIBIT NUMBER DESCRIPTION - ------- ----------- 23 Consent of PricewaterhouseCoopers LLP
EX-23 2 CONSENT OF PRICEWATERHOUSE COOPERS LLP 1 EXHIBIT 23 We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 33-59733) of Cash America International, Inc. of our report dated May 5, 1999 relating to the financial statements of the Cash America International, Inc. 401(k) Savings Plan, which appears in this Form 11-K. /s/ PRICEWATERHOUSECOOPERS LLP Fort Worth, Texas June 29, 1999 -----END PRIVACY-ENHANCED MESSAGE-----