FORT WORTH, Texas--(BUSINESS WIRE)--January 29, 2009--Cash America International, Inc. (NYSE: CSH) reported today that its financial results for the fourth quarter ended December 31, 2008 were consistent with results disclosed in the Company’s release dated January 20, 2009. In that release, the Company announced that it expected its 2008 fourth quarter net income to be 15% below the prior year after adding back one-time and unusual charges incurred during the final quarter of its fiscal year. One time charges and unusual items totaled $6,041,000 after taxes (20 cents per share) which would increase reported net income from $16,267,000 (54 cents per share) to $22,308,000 (74 cents per share) for the quarter, down 15%. This compares to net income of $26,287,000 (88 cents per share) for the fourth quarter of 2007.

The unusual items incurred during the fourth quarter included costs of severance and related expenses for the closing of 42 cash advance locations, the restructuring and elimination of senior management positions, referendum initiatives related to the November 4^th election in the state of Ohio and product transition costs after the defeat in that election, all of which totaled $8.6 million before taxes and $6.0 million after taxes.

During the fourth quarter 2008, which ended on December 31, the Company reported a 7% increase in total revenue, which reached $279,731,000, up from $261,129,000 in the same period in 2007. However, results from the Company’s cash advance segment were hindered by the decision to close 42 locations in response to regulatory changes mandated by the outcome of the November election in Ohio and from higher loss rates within the Company’s online cash advance portfolio. These two factors led to a decrease in contribution from the cash advance segment in the fourth quarter and were the primary reasons the company reported the fall-off in year-over-year net income. In addition, a heavy emphasis on the sale of merchandise in the fourth quarter led to lower gross profit margins and profits in the period.

Commenting on the results of the quarter, Daniel R. Feehan, President and Chief Executive Officer of Cash America said, “As we previously reported, we incurred greater challenges associated with our product offering changes in the state of Ohio during the fourth quarter which hurt profitability. In addition, we experienced an increase in loss rates early in the quarter within our online cash advance portfolio reversing a trend of lower loss rates through September. While we were disappointed by this change, we believe that we have addressed it appropriately and we are still within an acceptable range for this line of business.”

Total revenue for the fiscal year ended December 31, 2008, was up 11% to $1,030,794,000 from $929,394,000 in 2007. Cash America finished fiscal year 2008 with net income of $81,140,000 ($2.70 per share) including one-time and unusual charges compared to $75,290,000 ($2.48 per share) excluding an after tax gain of $4.1 million (13 cents per share) in fiscal 2007 related to the sale of the Swedish pawn business.

Cash America will conduct a conference call to discuss its fourth quarter earnings Thursday, January 29, 2009 at 7:45 AM CST. A live web cast of the call will be available on the Company’s corporate web site in the Investor Relations section (www.cashamerica.com). To listen to the live call, please go to the web site at least fifteen minutes early to register, download, and install any necessary audio software. A replay will be available on the Company’s web site for 90 days following the conference call.

Additionally, the Company announced that the Board of Directors, at its regularly scheduled quarterly meeting, declared a $0.035 (3.5 cents) per share cash dividend on common stock outstanding. The dividend will be paid at the close of business on February 25, 2009 to shareholders of record on February 11, 2009.

Management enters the first quarter of fiscal 2009 without the earnings attributable to certain markets for its cash advance product that added significant incremental profitability in fiscal 2008. Management has estimated that the net effect of lost earnings due to changes in and the elimination of cash advance markets during 2008 equates to $20 to $25 million after taxes on an annualized basis (between 66 and 83 cents per share). Management believes that growth in its existing and new markets for its cash advance product will combine with growth from its pawn lending business and will overcome this decrease in contribution but not until the second half of 2009. While management believes that the demand for its credit products will remain intact in 2009, it feels there is a likelihood it will experience higher loan losses associated with the difficult consumer economic environment and it expects pressure on retail margins to support sales activities during the year. At this time, management confirms its previously reported expectation, as announced on January 20, 2009, that its fiscal year 2009 earnings per share will be in the range of between $3.10 and $3.30.

First quarter 2009 results will be impacted by the timing of federal tax refunds to the Company’s customers. At this point management assumes that refunds will occur on schedule and consistent with 2008. However, management notes that there has not been a clear mandate about further tax stimulus activity in 2009. Customers received federally issued economic stimulus checks in the second quarter of 2008 which increased profitability in that period but mitigated growth in third quarter earnings. Absent a comparable stimulus package in 2009, the second quarter will return to its normal seasonal cycle of the lowest quarterly contributor to earnings and the third quarter should benefit from higher loan balances. Based on the preceding factors management believes that the first quarter of 2009 will produce between 61 and 65 cents in earnings per share compared to 86 cents in 2008.

Cash America International, Inc. is a provider of specialty financial services to individuals in the United States with 994 total locations as of December 31, 2008. Cash America is the largest provider of secured non-recourse loans to individuals, commonly referred to as pawn loans, through 613 total pawn locations, comprised of 501 in 22 states under the brand names Cash America Pawn and SuperPawn. In addition, Cash America is the majority owner of 112 pawn lending locations in Mexico that operate under the name of Prenda Fácil. The Company also offers short-term cash advances in many of its locations including 248 locations that offer this service under the brand names Cash America Payday Advance and Cashland. Short-term cash advances are also offered over the Internet to customers in 32 states in the United States and in the United Kingdom at http://www.cashnetusa.com and http://www.quickquid.co.uk, respectively. In addition, check cashing services are provided through its 133 franchised and Company-owned “Mr. Payroll” check cashing centers.

For additional information regarding the Company and the services it provides, visit the Company’s websites located at:

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements about the business, financial condition and prospects of Cash America International, Inc. and its subsidiaries (the “Company”). The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties including, without limitation, changes in demand for the Company's services, changes in consumer credit laws, tax laws and other laws and governmental rules and regulations applicable to the Company's business, the actions of third parties who offer products and services at the Company’s locations, fluctuations in the price of gold, changes in competition, the ability of the Company to open new operating units in accordance with its plans, economic conditions, real estate market fluctuations, interest rate fluctuations, changes in foreign currency exchange rates, changes in the capital markets, the ability to successfully integrate newly acquired businesses into the Company’s operations and other risks indicated in the Company's filings with the Securities and Exchange Commission. These risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this release, terms such as “believes,” “estimates,” “plans,” “expects,” “anticipates” and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements to reflect events or circumstances occurring after the date of this release.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
HIGHLIGHTS OF CONSOLIDATED RESULTS OF OPERATIONS
(in thousands, except per share data)

	Three Months Ended					Year Ended
	December 31,					December 31,
	2008		2007			2008		2007
Consolidated Operations:
Total revenue	$	279,731	$	261,129	$	1,030,794	$	929,394
Net revenue		190,661		186,739		735,434		682,602
Total operating expenses		158,512		141,059		586,728		549,093

Income from operations	$	32,149	$	45,680	$	148,706	$	133,509

Income before income taxes		27,108		41,733		132,803		124,765

Net Income	$	16,267	$	26,287	$	81,140	$	79,346

Earnings per share:
Basic	$	0.55	$	0.90	$	2.77	$	2.68
Diluted	$	0.54	$	0.88	$	2.70	$	2.61

Weighted average shares:
Basic		29,344		29,338		29,327		29,643
Diluted		30,074		30,008		30,092		30,349

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)

		December 31,
		2008			2007
		(Unaudited)
Assets

Current assets:
Cash and cash equivalents	$	30,005		$	22,725
Pawn loans		168,747			137,319
Cash advances, net		83,850			88,148
Merchandise held for disposition, net		109,493			98,134
Finance and service charges receivable		33,063			26,963
Income taxes recoverable		2,606			-
Other receivables and prepaid expenses		15,480			16,292
Deferred tax assets		22,037			20,204

Total current assets		465,281			409,785

Property and equipment, net		185,887			161,676
Goodwill		494,192			306,221
Intangible assets, net		35,428			23,484
Other assets		5,722			3,478
Total assets	$	1,186,510		$	904,644

Liabilities and Stockholders’ Equity

Current liabilities:
Accounts payable and accrued expenses	$	82,459		$	65,399
Accrued supplemental acquisition payment		44,364			22,000
Customer deposits		8,814			7,856
Income taxes currently payable		-			3,755
Current portion of long-term debt		15,810			8,500
Total current liabilities	$	151,447		$	107,510

Deferred tax liabilities		27,575			18,584
Noncurrent income tax payable		3,050			-
Other liabilities		2,359			1,671
Long-term debt		422,344			280,277
Total liabilities		606,775			408,042

Minority Interests:		4,694			-

Stockholders’ equity:
Common stock, $.10 par value per share, 80,000,000 shares authorized, 30,235,164 shares issued
		3,024			3,024
Additional paid-in capital		160,007			163,581
Retained earnings		440,252			363,180
Accumulated other comprehensive (loss) income		(3,964	)		16
Notes receivable secured by common stock		-			-
Treasury shares, at cost (818,772 shares and 1,136,203 shares at December 31, 2008 and 2007, respectively)

		(24,278	)		(33,199	)
Total stockholders’ equity		575,041			496,602
Total liabilities and stockholders’ equity	$	1,186,510		$	904,644

	CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
	CONSOLIDATED STATEMENTS OF INCOME
	(in thousands, except per share data)

			Three Months Ended						Year Ended
			December 31,						December 31,
			2008		2007				2008			2007
			(Unaudited)

Revenue
	Finance and service charges	$	51,207		$	43,949		$	184,995		$	160,960
	Proceeds from disposition of merchandise		135,466			119,479			465,655			396,821
	Cash advance fees		89,993			94,316			364,603			355,196
	Check cashing fees, royalties and other		3,065			3,385			15,541			16,417

Total Revenue			279,731			261,129			1,030,794			929,394

Cost of Revenue
	Disposed merchandise		89,070			74,390			295,360			246,792

Net Revenue			190,661			186,739			735,434			682,602

Expenses
	Operations		86,568			81,732			328,359			306,456
	Cash advance loss provision		37,906			36,550			140,723			155,238
	Administration		22,343			14,350			77,995			55,274
	Depreciation and amortization		11,695			8,427			39,651			32,125

Total Expenses			158,512			141,059			586,728			549,093

Income from Operations			32,149			45,680			148,706			133,509

	Interest expense		(4,988	)		(3,902	)		(15,993	)		(16,021	)
	Interest income		47			42			267			1,041
	Foreign currency transaction (loss) gain		(100	)		(87	)		(177	)		(24	)
	Gain on sale of foreign notes		-			-			-			6,260

Income before Income Taxes			27,108			41,733			132,803			124,765
	Provision for income taxes		10,795			15,446			51,617			45,419
	Less: Minority Interests		(46	)		-			(46	)		-

Net Income		$	16,267		$	26,287		$	81,140		$	79,346

Earnings Per Share:

	Basic	$	0.55		$	0.90		$	2.77		$	2.68
	Diluted	$	0.54		$	0.88		$	2.70		$	2.61

Weighted average common shares outstanding:

	Basic		29,344			29,338			29,327			29,643
	Diluted		30,074			30,008			30,092			30,349

Dividends declared per common share		$	0.035		$	0.035		$	0.140		$	0.140

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
FINANCIAL AND OPERATING DATA
($ in thousands unless otherwise noted)

		Three Months Ended						Year Ended
		December 31,						December 31,
		2008			2007			2008			2007

PAWN LENDING OPERATIONS^(b):
Pawn loans
Annualized yield on pawn loans		128.8	%		128.3	%		128.8		%	125.5		%
Total amount of pawn loans written and renewed	$	152,230		$	136,741		$	594,783		$	514,799
Average pawn loan balance outstanding	$	162,284		$	135,914		$	145,071		$	128,259
Average pawn loan balance per average location in operation	$	315		$	281		$	293		$	267
Ending pawn loan balance per location in operation	$	328		$	283		$	341		$	283
Average pawn loan amount at end of period (not in thousands)	$	132		$	116		$	132		$	116
Profit margin on disposition of merchandise as a percentage of proceeds from disposition of merchandise
		34.2	%		37.7	%		36.6	%		37.8		%
Average annualized merchandise turnover		3.2	x		2.9	x		2.9	x		2.7		x
Average balance of merchandise held for disposition per average location in operation
	$	229		$	210		$	210		$	189
Ending balance of merchandise held for disposition per location in operation
	$	225		$	202		$	225		$	202

Pawnshop locations in operation –
Beginning of period, owned		487			483			485			475
Acquired		112			0			113			5
Start-ups		-			2			1			6
Combined or closed		(1	)		-			(1	)		(1	)
End of period, owned		598			485			598			485
Franchise locations at end of period		15			14			15			14
Total pawnshop locations at end of period		613			499			613			499
Average number of owned pawnshop locations		515			484			495			480

Cash advances ^(c)
Pawn locations offering cash advances at end of period		431			431			431			431
Average number of pawn locations offering cash advances		432			430			431			426

Amount of cash advances written at pawn locations:
Funded by the Company	$	15,832		$	16,123		$	59,061		$	65,022
Funded by third-party lenders ^{(a) (e)}		35,048			47,195			146,330			188,705
Aggregate amount of cash advances written at pawn locations^{(a) (g)}	$	50,880		$	63,318		$	205,391		$	253,727

Number of cash advances written at pawn locations (not in thousands):
By the Company		48,750			53,020			186,268			213,273
By third-party lenders ^{(a) (e)}		69,850			100,847			306,521			409,576
Aggregate number of cash advances written at pawn locations^{(a) (g)}		118,600			153,867			492,789			622,849

Cash advance customer balances due at pawn locations (gross):
Owned by Company ^(d)	$	6,842		$	8,627		$	6,842		$	8,627
Owned by third-party lenders ^(a)(e)		7,395			9,198			7,395			9,198
Aggregate cash advance customer balances due at pawn locations (gross) ^(a)(g)	$	14,237		$	17,825		$	14,237		$	17,825

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
FINANCIAL AND OPERATING DATA (Continued)
($ in thousands unless otherwise noted)

		Three Months Ended						Year Ended
		December 31,						December 31,
		2008			2007			2008			2007

CASH ADVANCE OPERATIONS ^(f):
Storefront operations:
Amount of cash advances written:
Funded by the Company	$	137,359		$	184,120		$	586,929		$	706,839
Funded by third-party lenders ^{(a) (e)}		13,599			30,599			85,184			115,483
Aggregate amount of cash advances written ^{(a) (g)}	$	150,958		$	214,719		$	672,113		$	822,322

Number of cash advances written (not in thousands):
By the Company		365,420			505,761			1,632,631			1,944,251
By third-party lenders^{(a) (e)}		23,121			54,945			150,772			214,372
Aggregate number of cash advances written ^{(a) (g)}		388,541			560,706			1,783,403			2,158,623

Cash advance customer balances due (gross):
Owned by the Company ^(d)	$	39,223		$	51,389		$	39,223		$	51,389
Owned by third-party lenders ^{(a) (e)}		4,532			5,530			4,532			5,530
Aggregate cash advance customer balances due (gross) ^{(a) (g)}	$	43,755		$	56,919		$	43,755		$	56,919

Cash advance locations in operation (excluding online lending) –
Beginning of period		290			301			304			295
Start-ups		-			4			-			14
Combined or closed		(42	)		(1	)		(56	)		(5	)
End of period		248			304			248			304
Average number of cash advance locations		274			303			292			299

Internet lending operations:
Amount of cash advances written:
Funded by the Company	$	183,934		$	162,641		$	727,652		$	598,306
Funded by third-party lenders ^{(a) (e)}		121,497			98,692			449,221			350,572
Aggregate amount of cash advances written ^{(a) (g)}	$	305,431		$	261,333		$	1,176,873		$	948,878

Number of cash advances written (not in thousands):
By the Company		445,194			406,406			1,722,689			1,523,872
By third-party lenders ^{(a) (e)}		174,940			153,507			668,074			594,909
Aggregate number of cash advances written ^{(a) (g)}		620,134			559,913			2,390,763			2,118,781

Cash advance customer balances due (gross):
Owned by the Company^(d)	$	55,729		$	53,808		$	55,729		$	53,808
Owned by third-party lenders ^{(a) (e)}		23,018			19,852			23,018			19,852
Aggregate cash advance customer balances due (gross) ^{(a) (g)}	$	78,747		$	73,660		$	78,747		$	73,660

Number of states with online lending at end of period		33			32			33			32
Number of foreign countries with online lending at end of period		1			1			1			1

Card services operations:
Amount of cash advances written:
Funded by third-party lenders^{(a) (e)}	$	14,694		$	-		$	22,198		$	-

Number of cash advances written (not in thousands):
By third-party lenders ^{(a) (e)}		88,675			-			129,634			-

Cash advance customer balances due (gross):
Owned by the Company ^(d)	$	3,551		$	-		$	3,551		$	-
Owned by third-party lenders^{(a) (e)}	$	237		$	-		$	237		$	-
Aggregate cash advance customer balances due (gross)^{(a) (g)}	$	3,788		$	-		$	3,788		$	-

Number of states with card services at end of period		48			-			48			-

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
FINANCIAL AND OPERATING DATA (Continued)
($ in thousands unless otherwise noted)

		Three Months Ended				Year Ended
		December 31,				December 31,
		2008		2007		2008		2007

Combined Storefront, Internet lending operations, and Card services:
Amount of cash advances written:
Funded by the Company	$	321,293	$	346,761	$	1,314,581	$	1,305,145
Funded by third-party lenders ^{(a) (e)}		149,790		129,291		556,603		466,055
Aggregate amount of cash advances written ^{(a) (g)}	$	471,083	$	476,052	$	1,871,184	$	1,771,200

Number of cash advances written (not in thousands):
By the Company		810,614		912,167		3,355,320		3,468,123
By third-party lenders^{(a) (e)}		286,736		208,452		948,480		809,281
Aggregate number of cash advances written ^{(a) (g)}		1,097,350		1,120,619		4,303,800		4,277,404

Cash advance customer balances due (gross):
Owned by the Company ^(d)	$	98,503	$	105,197	$	98,503	$	105,197
Owned by third-party lenders ^{(a) (e)}		27,787		25,382		27,787		25,382
Aggregate cash advance customer balances due (gross) ^{(a) (g)}	$	126,290	$	130,579	$	126,290	$	130,579

CONSOLIDATED CASH ADVANCE PRODUCT SUMMARY^{(a) (c) (f)}:
Amount of cash advances written:
Funded by the Company	$	337,125	$	362,884	$	1,373,642	$	1,370,167
Funded by third-party lenders^{(a) (e)}		184,838		176,486		702,933		654,760
Aggregate amount of cash advances written ^{(a) (g)}	$	521,963	$	539,370	$	2,076,575	$	2,024,927

Number of cash advances written (not in thousands):
By the Company		859,364		965,187		3,541,588		3,681,396
By third-party lenders ^{(a) (e)}		356,586		309,299		1,255,001		1,218,857
Aggregate number of cash advances written^{(a) (g)}		1,215,950		1,274,486		4,796,589		4,900,253

Average amount per cash advance written (not in thousands):
By the Company	$	409	$	376	$	394	$	372
By third-party lenders ^{(a) (e)}		518		571		560		537
Aggregate average amount per cash advance ^{(a) (g)}	$	429	$	423	$	433	$	413

Cash advance customer balances due (gross):
Owned by the Company^(d)	$	105,345	$	113,824	$	105,345	$	113,824
Owned by third-party lenders ^{(a) (e)}		35,182		34,580		35,182		34,580
Aggregate cash advance customer balances due (gross) ^{(a) (g)}	$	140,527	$	148,404	$	140,527	$	148,404

Total locations offering cash advances at end of period (excluding
online lending)		679		735		679		735
Average total locations offering cash advances (excluding online lending)		706		733		723		725
Number of states with online lending at end of period		33		32		33		32
Number of foreign countries with online lending at end of period		1		1		1		1

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
FINANCIAL AND OPERATING DATA (Continued)
($ in thousands unless otherwise noted)

		Three Months Ended						Year Ended
		December 31,						December 31,
		2008			2007			2008			2007

CHECK CASHING OPERATIONS (Mr. Payroll):
Centers in operation at end of year (not in thousands):
Company-owned locations		5			5			5			5
Franchised locations ^(a)		128			134			128			134
Combined centers in operations at end of year ^(a)		133			139			133			139

Revenue from Company-owned locations	$	87		$	105		$	400		$	484
Revenue from franchise royalties and other		665			697			2,988			3,135
Total revenue^(d)	$	752		$	802		$	3,388		$	3,619

Face amount of checks cashed:
Company-owned locations	$	7,165		$	8,022		$	29,487		$	33,746
Franchised locations ^(a)		282,044			302,718			1,250,044			1,260,995
Combined face amount of checks cashed ^(a)	$	289,209		$	310,740		$	1,279,531		$	1,294,741

Fees collected from customers:
Company-owned locations	$	87		$	105		$	400		$	484
Franchised locations ^(a)		3,885			4,134			17,625			17,678
Combined fees collected from customers ^(a)	$	3,972		$	4,239		$	18,025		$	18,162

Fees as a percentage of checks cashed:
Company-owned locations		1.2	%		1.3	%		1.4	%		1.4	%
Franchised locations ^(a)		1.4			1.4			1.4			1.4
Combined fees as a percentage of checks cashed ^(a)		1.4	%		1.4	%		1.4	%		1.4	%

Average check cashed (not in thousands):
Company-owned locations	$	402		$	380		$	405		$	392
Franchised locations ^(a)		423			419			455			436
Combined average check cashed ^(a)	$	423		$	418		$	454		$	435



^(a)Non-GAAP presentation. For informational purposes and to provide a greater understanding of the Company’s businesses. Management believes that information provided with this level of detail is meaningful and useful in understanding the activities and business metrics of the Company’s operations.
^(b) Includes Cash America Pawn and Prenda Fácil, a 112 chain of pawnshops located in Mexico, for which the Company acquired an 80% interest on December 16, 2008. The statistics above include 100% of Prenda Fácil's operations.
^(c) Includes cash advance activities at the Company’s pawn lending locations.
^(d) Amounts recorded in the Company’s consolidated financial statements.
^(e) Cash advances written by third-party lenders that were arranged by the Company on behalf of the third-party lenders.
^(f) Includes cash advance activities at the Company’s cash advance storefront locations and through the Company’s internet and card services distribution channels.
^(g) Includes (i) cash advances written by the Company, and (ii) cash advances written by third-party lenders that were arranged by the Company on behalf of the third-party lenders.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED CASH ADVANCES OUTSTANDING AND RELATED ALLOWANCE FOR LOSSES
(in thousands)

		December 31,
		2008			2007
Funded by the Company ^(a)
Active cash advances and fees receivable	$	69,443		$	76,620
Cash advances and fees in collection		21,147			24,099

Total funded by the Company ^(a)		90,590			100,719

Funded by third-party lenders ^(b) ^(c)
Active cash advances and fees receivable		37,458			34,580
Cash advances and fees in collection		12,479			13,105

Total funded by third-party lenders ^(b) ^(c)		49,937			47,685

Combined gross portfolio ^(b) ^(d)		140,527			148,404
Less: Elimination of cash advances owned by third-party lenders		35,182			34,580

Company-owned cash advances and fees receivable, gross		105,345			113,824
Less: Allowance for losses		21,495			25,676

Cash advances and fees receivable, net	$	83,850		$	88,148

		Three Months Ended						Year Ended
		December 31,						December 31,
		2008			2007			2008			2007
Allowance for company-owned cash advances

Balance at beginning of period	$	25,301		$	30,925		$	25,676		$	19,513
Cash advance loss provision		37,728			36,554			140,416			154,565
Charge-offs		(47,140	)		(46,219	)		(170,585	)		(163,352	)
Recoveries		5,606			4,416			25,988			14,950

Balance at end of period	$	21,495		$	25,676		$	21,495		$	25,676

Accrual for third-party lender-owned cash advances

Balance at beginning of period	$	1,957		$	1,832		$	1,828		$	1,155
(Decrease) Increase in loss provision		178			(4	)		307			673

Balance at end of period	$	2,135		$	1,828		$	2,135		$	1,828

Combined statistics ^(d)
Combined cash advance loss provision	$	37,906		$	36,550		$	140,723		$	155,238
Combined cash advance loss provision as a % of combined cash advances written ^(b)
		7.3	%		6.8	%		6.8	%		7.7	%
Charge-offs (net of recoveries) as a % of combined cash advances written ^(b)
		8.0	%		7.8	%		7.0	%		7.3	%
Combined allowance for losses and accrued third-party lender losses as a % of combined gross portfolio ^(b)
		16.8	%		18.5	%		16.8	%		18.5	%


^(a)Cash advances written by the Company for its own account in pawn locations, cash advance locations, and through the internet distribution channel.
^(b)Non-GAAP presentation. For informational purposes and to provide a greater understanding of the Company’s businesses. Management believes that information provided with this level of detail is meaningful and useful in understanding the activities and business metrics of the Company’s operations.
^(c)Cash advances written by third-party lenders that were arranged by the Company on behalf of the third-party lenders, all at the Company’s pawn locations, cash advance locations and through the internet distribution channel.
^(d)Includes (i) cash advances written by the Company, and (ii) cash advances written by third-party lenders that were arranged by the Company on behalf of the third-party lenders, all at the Company’s pawn and cash advance locations and through the Company’s internet distribution channel.

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
INCOME FROM OPERATIONS BY OPERATING SEGMENT
THREE MONTHS ENDED DECEMBER 31, 2008 AND 2007
(in thousands)



		Pawn Lending		Cash Advance ⁽¹⁾		Check Cashing		Consolidated

Three months ended December 31, 2008:

Revenue
Finance and service charges	$	51,207	$	-	$	-	$	51,207
Proceeds from disposition of merchandise		134,679		787		-		135,466
Cash advance fees		8,326		81,667		-		89,993
Check cashing fees, royalties and other		774		1,539		752		3,065

Total revenue		194,986		83,993		752		279,731

Cost of revenue – disposed merchandise		88,535		535		-		89,070

Net revenue		106,451		83,458		752		190,661

Expenses
Operations		55,092		31,185		291		86,568
Cash advance loss provision		2,236		35,670		-		37,906
Administration		13,675		8,374		294		22,343
Depreciation and amortization		6,154		5,484		57		11,695

Total expenses		77,157		80,713		642		158,512

Income from operations	$	29,294	$	2,745	$	110	$	32,149




Three months ended December 31, 2007:

Revenue
Finance and service charges	$	43,949	$	-	$	-	$	43,949
Proceeds from disposition of merchandise		119,479		-		-		119,479
Cash advance fees		10,607		83,709		-		94,316
Check cashing fees, royalties and other		830		1,753		802		3,385

Total revenue		174,865		85,462		802		261,129

Cost of revenue – disposed merchandise		74,390		-		-		74,390

Net revenue		100,475		85,462		802		186,739

Expenses
Operations		52,220		29,186		326		81,732
Cash advance loss provision		3,443		33,107		-		36,550
Administration		6,746		7,401		203		14,350
Depreciation and amortization		5,344		2,990		93		8,427

Total expenses		67,753		72,684		622		141,059

Income from operations	$	32,722	$	12,778	$	180	$	45,680

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
INCOME FROM OPERATIONS BY OPERATING SEGMENT
YEAR ENDED DECEMBER 31, 2008 AND 2007
(in thousands)



		Pawn Lending		Cash Advance ⁽¹⁾		Check Cashing		Consolidated

Year Ended December 31, 2008

Revenue
Finance and service charges	$	184,995	$	-	$	-	$	184,995
Proceeds from disposition of merchandise		464,868		787		-		465,655
Cash advance fees		34,840		329,763		-		364,603
Check cashing fees, royalties and other		3,743		8,410		3,388		15,541

Total revenue		688,446		338,960		3,388		1,030,794

Cost of revenue – disposed merchandise		294,825		535		-		295,360

Net revenue		393,621		338,425		3,388		735,434

Expenses
Operations		212,667		114,404		1,288		328,359
Cash advance loss provision		9,903		130,820		-		140,723
Administration		42,589		34,288		1,118		77,995
Depreciation and amortization		23,679		15,733		239		39,651

Total expenses		288,838		295,245		2,645		586,728

Income from operations	$	104,783	$	43,180	$	743	$	148,706



Year Ended December 31, 2007

Revenue
Finance and service charges	$	160,960	$	-	$	-	$	160,960
Proceeds from disposition of merchandise		396,821		-		-		396,821
Cash advance fees		42,018		313,178		-		355,196
Check cashing fees, royalties and other		3,268		9,530		3,619		16,417

Total revenue		603,067		322,708		3,619		929,394

Cost of revenue – disposed merchandise		246,792		-		-		246,792

Net revenue		356,275		322,708		3,619		682,602

Expenses
Operations		195,926		109,260		1,270		306,456
Cash advance loss provision		14,985		140,253		-		155,238
Administration		29,588		24,727		959		55,274
Depreciation and amortization		20,750		10,988		387		32,125

Total expenses		261,249		285,228		2,616		549,093

Income from operations	$	95,026	$	37,480	$	1,003	$	133,509


CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
INCOME FROM OPERATIONS BY OPERATING SEGMENT
THREE MONTHS ENDED DECEMBER 31, 2008 AND 2007
(in thousands)

⁽¹⁾The Cash Advance segment is comprised of three distribution channels for the same product, a multi-unit, “storefront” platform, an on-line, internet based lending platform and an electronic card platform, PBSI, which was acquired in July 2008. The following table summarizes the results from each channel’s contributions to the Cash Advance segment as of December 31, 2008 and 2007:

		Storefront			Internet Lending			Card Services			Total Cash Advance

Three months ended December 31, 2008:

Revenue
Proceeds from disposition of merchandise	$	787		$	-		$	-		$	787
Cash advance fees		23,315			57,029			1,323			81,667
Check cashing fees, royalties and other		1,592			(54	)		1			1,539

Total revenue		25,694			56,975			1,324			83,993

Cost of revenue – disposed merchandise		535			-			-			535

Net revenue		25,159			56,975			1,324			83,458

Expenses
Operations		18,254			11,929			1,002			31,185
Cash advance loss provision		6,229			28,788			653			35,670
Administration		1,952			6,170			252			8,374
Depreciation and amortization		3,811			1,500			173			5,484

Total expenses		30,246			48,387			2,080			80,713

Income from operations	$	(5,087	)	$	8,588		$	(756	)	$	2,745



Three months ended December 31, 2007:

Revenue
Cash advance fees	$	33,214		$	50,495		$	-		$	83,709
Check cashing fees, royalties and other		1,753			-			-			1,753

Total revenue		34,967			50,495			-			85,462


Expenses
Operations		17,710			11,476			-			29,186
Cash advance loss provision		8,667			24,440			-			33,107
Administration		2,862			4,539			-			7,401
Depreciation and amortization		2,056			934			-			2,990

Total expenses		31,295			41,389			-			72,684

Income from operations	$	3,672		$	9,106		$	-		$	12,778

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
INCOME FROM OPERATIONS BY OPERATING SEGMENT
YEAR ENDED DECEMBER 31, 2008 AND 2007
(in thousands)

Year Ended December 31, 2008		Storefront		Internet Lending		Card Services		Total Cash Advance

Revenue
Proceeds from disposition of merchandise	$	787	$	-	$	-	$	787
Cash advance fees		106,294		221,319		2,150		329,763
Check cashing fees, royalties and other		8,402		5		3		8,410

Total revenue		115,483		221,324		2,153		338,960

Cost of revenue – disposed merchandise		535		-		-		535

Net revenue		114,948		221,324		2,153		338,425

Expenses
Operations		69,887		42,689		1,828		114,404
Cash advance loss provision		23,650		106,189		981		130,820
Administration		9,944		23,992		352		34,288
Depreciation and amortization		10,499		5,061		173		15,733

Total expenses		113,980		177,931		3,334		295,245

Income from operations	$	968	$	43,393	$	(1,181)	$	43,180



Year Ended December 31, 2007

Revenue
Cash advance fees	$	128,454	$	184,724	$	-	$	313,178
Check cashing fees, royalties and other		9,525		5		-		9,530

Total revenue		137,979		184,729		-		322,708


Expenses
Operations		68,249		41,011		-		109,260
Cash advance loss provision		37,383		102,870		-		140,253
Administration		10,797		13,930		-		24,727
Depreciation and amortization		7,980		3,008		-		10,988

Total expenses		124,409		160,819		-		285,228

Income from operations	$	13,570	$	23,910	$	-	$	37,480

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
INVENTORY AND GROSS PROFIT OPERATING DATA
THREE MONTHS AND YEAR ENDED DECEMBER 31, 2008 AND 2007

The table below summarizes the age of merchandise held for disposition before valuation allowance at December 31, 2008 and 2007, respectively (dollars in thousands).

		2008				2007
		Amount	%			Amount	%
Merchandise held for 1 year or less –
Jewelry	$	72,780	66.1	%	$	60,702	60.6	%
Other merchandise		28,979	26.3			29,437	29.4
		101,759	92.4			90,139	90.0
Merchandise held for more than 1 year –
Jewelry		5,306	4.8			6,264	6.3
Other merchandise		3,128	2.8			3,731	3.7
		8,434	7.6			9,995	10.00

Total merchandise held for disposition	$	110,193	100.0	%	$	100,134	100.0	%