Condensed Consolidating Guarantor Financial Statements

In connection with the issuance of the Notes, certain of the Company's domestic subsidiaries (collectively, "Guarantor Subsidiaries”), fully, unconditionally, jointly and severally guaranteed the payment obligations under the Notes. Each of the Guarantor Subsidiaries is 100% owned, directly or indirectly, by the Company. The following supplemental financial information sets forth, on a consolidating basis, the balance sheets, statements of comprehensive income and statements of cash flows of First Cash Financial Services, Inc. (the “Parent Company”), the Guarantor Subsidiaries and the Parent Company's other subsidiaries (the “Non-Guarantor Subsidiaries”).

The supplemental condensed consolidating financial information has been prepared pursuant to SEC rules and regulations for interim condensed financial information and does not include the more complete disclosures included in annual financial statements. Investments in consolidated subsidiaries have been presented under the equity method of accounting. The principal eliminating entries eliminate investments in subsidiaries, intercompany balances and intercompany revenues and expenses. The condensed financial information may not necessarily be indicative of the results of operations or financial position had the Guarantor Subsidiaries or Non-Guarantor Subsidiaries operated as independent entities.



Condensed Consolidating Balance Sheet
June 30, 2014
(unaudited, in thousands)

	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	37,132		$	2,555	$	44,368		$	—		$	84,055
Pawn loan fees and service charges receivable	—			7,014		10,794			—			17,808
Pawn loans	—			53,764		70,137			—			123,901
Consumer loans, net	—			665		674			—			1,339
Inventories	—			30,115		47,472			—			77,587
Prepaid expenses and other current assets	1,717			—		7			—			1,724
Deferred tax assets	906			—		4,442			—			5,348
Total current assets	39,755			94,113		177,894			—			311,762

Property and equipment, net	4,188			49,246		59,054			—			112,488
Goodwill, net	—			152,981		101,937			—			254,918
Other non-current assets	—			11,380		4,179			—			15,559
Deferred tax assets	—			—		7,071			(7,071		)	—
Intercompany receivable	—			—		165,480			(165,480		)	—
Investments in subsidiaries	778,645			—		—			(778,645		)	—
Total assets	$	822,588		$	307,720	$	515,615		$	(951,196	)	$	694,727

LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	$	14,689		$	9,386	$	18,325		$	—		$	42,400
Total current liabilities	14,689			9,386		18,325			—			42,400

Senior unsecured notes	200,000			—		—			—			200,000
Deferred income tax liabilities	62			14,177		2,802			(7,071		)	9,970
Intercompany payable	165,480			—		—			(165,480		)	—
Total liabilities	380,231			23,563		21,127			(172,551		)	252,370

Stockholders' equity:
Preferred stock	—			—		—			—			—
Common stock	394			—		—			—			394
Additional paid-in capital	178,978			—		—			—			178,978
Retained earnings	529,289			284,157		501,624			(778,645		)	536,425
Accumulated other comprehensive income (loss)	(303		)	—		(7,136		)	—			(7,439		)
Common stock held in treasury, at cost	(266,001		)	—		—			—			(266,001		)
Total stockholders' equity	442,357			284,157		494,488			(778,645		)	442,357
Total liabilities and stockholders' equity	$	822,588		$	307,720	$	515,615		$	(951,196	)	$	694,727



Condensed Consolidating Balance Sheet
June 30, 2013
(unaudited, in thousands)

	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	8,478		$	4,353	$	19,875		$	—		$	32,706
Pawn loan fees and service charges receivable	—			7,350		9,004			—			16,354
Pawn loans	—			53,611		58,601			—			112,212
Consumer loans, net	—			658		846			—			1,504
Inventories	—			34,951		47,054			—			82,005
Prepaid expenses and other current assets	1,351			—		9,692			(8,320		)	2,723
Deferred tax assets	1,148			—		—			—			1,148
Total current assets	10,977			100,923		145,072			(8,320		)	248,652

Property and equipment, net	4,632			39,872		53,230			—			97,734
Goodwill, net	—			148,596		71,822			—			220,418
Other non-current assets	—			5,449		3,190			—			8,639
Deferred tax assets	—			—		3,755			(3,755		)	—
Intercompany receivable	—			—		141,568			(141,568		)	—
Investments in subsidiaries	674,434			—		—			(674,434		)	—
Total assets	$	690,043		$	294,840	$	418,637		$	(828,077	)	$	575,443

LIABILITIES AND STOCKHOLDERS' EQUITY
Current portion of notes payable	$	3,268		$	—	$	—		$	—		$	3,268
Accounts payable and accrued liabilities	9,094			7,094		15,571			—			31,759
Income taxes payable	8,826			—		—			(8,320		)	506
Total current liabilities	21,188			7,094		15,571			(8,320		)	35,533

Revolving unsecured credit facility	153,000			—		—			—			153,000
Notes payable, net of current portion	6,704			—		—			—			6,704
Deferred income tax liabilities	1,781			10,198		6,180			(3,755		)	14,404
Intercompany payable	141,568			—		—			(141,568		)	—
Total liabilities	324,241			17,292		21,751			(153,643		)	209,641

Stockholders' equity:
Preferred stock	—			—		—			—			—
Common stock	393			—		—			—			393
Additional paid-in capital	175,555			—		—			—			175,555
Retained earnings	442,760			277,548		403,935			(674,434		)	449,809
Accumulated other comprehensive income (loss)	(219		)	—		(7,049		)	—			(7,268		)
Common stock held in treasury, at cost	(252,687		)	—		—			—			(252,687		)
Total stockholders' equity	365,802			277,548		396,886			(674,434		)	365,802
Total liabilities and stockholders' equity	$	690,043		$	294,840	$	418,637		$	(828,077	)	$	575,443



Condensed Consolidating Balance Sheet
December 31, 2013
(unaudited, in thousands)

	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	24,674		$	4,240	$	41,729		$	—		$	70,643
Pawn loan fees and service charges receivable	—			7,934		8,755			—			16,689
Pawn loans	—			56,566		58,668			—			115,234
Consumer loans, net	—			694		756			—			1,450
Inventories	—			33,817		43,976			—			77,793
Prepaid expenses and other current assets	1,971			—		1,398			—			3,369
Deferred tax assets	907			—		4,137			—			5,044
Total current assets	27,552			103,251		159,419			—			290,222

Property and equipment, net	4,155			47,374		56,608			—			108,137
Goodwill, net	—			149,470		101,771			—			251,241
Other non-current assets	—			6,020		3,353			—			9,373
Deferred tax assets	—			—		6,943			(6,943		)	—
Intercompany receivable	—			—		156,794			(156,794		)	—
Investments in subsidiaries	751,785			—		—			(751,785		)	—
Total assets	$	783,492		$	306,115	$	484,888		$	(915,522	)	$	658,973

LIABILITIES AND STOCKHOLDERS' EQUITY
Current portion of notes payable	$	3,326		$	—	$	—		$	—		$	3,326
Accounts payable and accrued liabilities	13,804			6,942		17,277			—			38,023
Income taxes payable	7,302			—		110			—			7,412
Total current liabilities	24,432			6,942		17,387			—			48,761

Revolving unsecured credit facility	182,000			—		—			—			182,000
Notes payable, net of current portion	5,026			—		—			—			5,026
Deferred income tax liabilities	881			10,080		4,809			(6,943		)	8,827
Intercompany payable	156,794			—		—			(156,794		)	—
Total liabilities	369,133			17,022		22,196			(163,737		)	244,614

Stockholders' equity:
Preferred stock	—			—		—			—			—
Common stock	394			—		—			—			394
Additional paid-in capital	176,675			—		—			—			176,675
Retained earnings	490,280			289,093		470,140			(751,785		)	497,728
Accumulated other comprehensive income (loss)	(303		)	—		(7,448		)	—			(7,751		)
Common stock held in treasury, at cost	(252,687		)	—		—			—			(252,687		)
Total stockholders' equity	414,359			289,093		462,692			(751,785		)	414,359
Total liabilities and stockholders' equity	$	783,492		$	306,115	$	484,888		$	(915,522	)	$	658,973



Condensed Consolidating Statement of Comprehensive Income
Three Months Ended June 30, 2014
(unaudited, in thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Eliminations		Consolidated
Revenue:
Retail merchandise sales	$	—		$	31,258		$	65,930		$	—	$	97,188
Pawn loan fees	—			17,677			29,878			—		47,555
Consumer loan and credit services fees	—			7,565			851			—		8,416
Wholesale scrap jewelry revenue	—			6,031			6,136			—		12,167
Total revenue	—			62,531			102,795			—		165,326

Cost of revenue:
Cost of retail merchandise sold	—			17,264			41,829			—		59,093
Consumer loan and credit services loss provision	—			2,052			184			—		2,236
Cost of wholesale scrap jewelry sold	—			5,053			5,023			—		10,076
Total cost of revenue	—			24,369			47,036			—		71,405

Net revenue	—			38,162			55,759			—		93,921

Expenses and other income:
Store operating expenses	—			20,082			28,852			—		48,934
Administrative expenses	5,773			—			7,842			—		13,615
Depreciation and amortization	273			1,339			2,713			—		4,325
Interest expense	3,910			—			—			—		3,910
Interest income	6			(25		)	(243		)	—		(262		)
Total expenses and other income	9,962			21,396			39,164			—		70,522

Income (loss) from continuing operations before income taxes	(9,962		)	16,766			16,595			—		23,399

Provision for income taxes	(1,283		)	5,868			2,799			—		7,384

Income (loss) from continuing operations	(8,679		)	10,898			13,796			—		16,015

Income (loss) from discontinued operations, net of tax	—			—			—			—		—
Net income (loss)	$	(8,679	)	$	10,898		$	13,796		$	—	$	16,015
Other comprehensive income (loss):
Currency translation adjustment, net of tax expense or benefit	567			—			—			—		567
Comprehensive income (loss)	$	(8,112	)	$	10,898		$	13,796		$	—	$	16,582



Condensed Consolidating Statement of Comprehensive Income
Three Months Ended June 30, 2013
(unaudited, in thousands)

	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Eliminations		Consolidated
Revenue:
Retail merchandise sales	$	—		$	25,217	$	58,683		$	—	$	83,900
Pawn loan fees	—			15,484		27,568			—		43,052
Consumer loan and credit services fees	—			9,036		1,049			—		10,085
Wholesale scrap jewelry revenue	—			795		4,522			—		5,317
Total revenue	—			50,532		91,822			—		142,354

Cost of revenue:
Cost of retail merchandise sold	—			14,374		36,718			—		51,092
Consumer loan and credit services loss provision	—			2,336		179			—		2,515
Cost of wholesale scrap jewelry sold	—			661		3,939			—		4,600
Total cost of revenue	—			17,371		40,836			—		58,207

Net revenue	—			33,161		50,986			—		84,147

Expenses and other income:
Store operating expenses	—			21,229		22,079			—		43,308
Administrative expenses	8,720			—		4,044			—		12,764
Depreciation and amortization	285			1,118		2,330			—		3,733
Interest expense	633			—		—			—		633
Interest income	(1		)	—		(50		)	—		(51		)
Total expenses and other income	9,637			22,347		28,403			—		60,387

Income (loss) from continuing operations before income taxes	(9,637		)	10,814		22,583			—		23,760

Provision for income taxes	(2,879		)	3,893		7,092			—		8,106

Income (loss) from continuing operations	(6,758		)	6,921		15,491			—		15,654

Income (loss) from discontinued operations, net of tax	—			—		9			—		9
Net income (loss)	$	(6,758	)	$	6,921	$	15,500		$	—	$	15,663
Other comprehensive income (loss):
Currency translation adjustment, net of tax expense or benefit	(6,559		)	—		—			—		(6,559		)
Comprehensive income (loss)	$	(13,317	)	$	6,921	$	15,500		$	—	$	9,104



Condensed Consolidating Statement of Comprehensive Income
Six Months Ended June 30, 2014
(unaudited, in thousands)

	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Eliminations		Consolidated
Revenue:
Retail merchandise sales	$	—		$	68,616	$	127,280		$	—	$	195,896
Pawn loan fees	—			37,143		58,050			—		95,193
Consumer loan and credit services fees	—			16,528		1,672			—		18,200
Wholesale scrap jewelry revenue	—			13,538		12,276			—		25,814
Total revenue	—			135,825		199,278			—		335,103

Cost of revenue:
Cost of retail merchandise sold	—			38,400		81,183			—		119,583
Consumer loan and credit services loss provision	—			3,617		362			—		3,979
Cost of wholesale scrap jewelry sold	—			11,172		9,992			—		21,164
Total cost of revenue	—			53,189		91,537			—		144,726

Net revenue	—			82,636		107,741			—		190,377

Expenses and other income:
Store operating expenses	—			41,269		56,157			—		97,426
Administrative expenses	12,824			—		14,120			—		26,944
Depreciation and amortization	563			2,789		5,245			—		8,597
Interest expense	5,346			—		—			—		5,346
Interest income	(23		)	—		(320		)	—		(343		)
Total expenses and other income	18,710			44,058		75,202			—		137,970

Income (loss) from continuing operations before income taxes	(18,710		)	38,578		32,539			—		52,407

Provision for income taxes	(7,780		)	13,502		7,716			—		13,438

Income (loss) from continuing operations	(10,930		)	25,076		24,823			—		38,969

Income (loss) from discontinued operations, net of tax	—			—		(272		)	—		(272		)
Net income (loss)	$	(10,930	)	$	25,076	$	24,551		$	—	$	38,697
Other comprehensive income (loss):
Currency translation adjustment, net of tax expense or benefit	312			—		—			—		312
Comprehensive income (loss)	$	(10,618	)	$	25,076	$	24,551		$	—	$	39,009



Condensed Consolidating Statement of Comprehensive Income
Six Months Ended June 30, 2013
(unaudited, in thousands)

	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Eliminations		Consolidated
Revenue:
Retail merchandise sales	$	—		$	54,157	$	111,513		$	—	$	165,670
Pawn loan fees	—			32,298		53,905			—		86,203
Consumer loan and credit services fees	—			19,777		2,075			—		21,852
Wholesale scrap jewelry revenue	—			13,519		15,022			—		28,541
Total revenue	—			119,751		182,515			—		302,266

Cost of revenue:
Cost of retail merchandise sold	—			29,568		69,563			—		99,131
Consumer loan and credit services loss provision	—			4,325		299			—		4,624
Cost of wholesale scrap jewelry sold	—			10,418		12,686			—		23,104
Total cost of revenue	—			44,311		82,548			—		126,859

Net revenue	—			75,440		99,967			—		175,407

Expenses and other income:
Store operating expenses	—			39,303		46,810			—		86,113
Administrative expenses	17,931			—		7,925			—		25,856
Depreciation and amortization	562			2,248		4,548			—		7,358
Interest expense	1,352			—		—			—		1,352
Interest income	(4		)	—		(194		)	—		(198		)
Total expenses and other income	19,841			41,551		59,089			—		120,481

Income (loss) from continuing operations before income taxes	(19,841		)	33,889		40,878			—		54,926

Provision for income taxes	(5,841		)	12,200		12,733			—		19,092

Income (loss) from continuing operations	(14,000		)	21,689		28,145			—		35,834

Income (loss) from discontinued operations, net of tax	—			—		93			—		93
Net income (loss)	$	(14,000	)	$	21,689	$	28,238		$	—	$	35,927
Other comprehensive income (loss):
Currency translation adjustment, net of tax expense or benefit	(328		)	—		—			—		(328		)
Comprehensive income (loss)	$	(14,328	)	$	21,689	$	28,238		$	—	$	35,599



Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 2014
(unaudited, in thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Eliminations		Consolidated
Cash flow from operating activities:
Net cash flow provided by operating activities	$	13,443		$	2,883		$	32,614		$	—	$	48,940
Cash flow from investing activities:
Loan receivables, net of cash repayments	—			5,966			(13,924		)	—		(7,958		)
Purchases of property and equipment	(596		)	(4,145		)	(7,318		)	—		(12,059		)
Acquisitions of pawn stores, net of cash acquired	—			(6,389		)	—			—		(6,389		)
Investing activity with subsidiaries	8,686			—			(8,686		)	—		—
Net cash flow provided by (used in) investing activities	8,090			(4,568		)	(29,928		)	—		(26,406		)
Cash flow from financing activities:
Borrowings from revolving credit facilities	2,500			—			—			—		2,500
Repayments of revolving credit facilities	(184,500		)	—			—			—		(184,500		)
Repayments of notes payable	(8,352		)	—			—			—		(8,352		)
Issuance of senior unsecured notes	200,000			—			—			—		200,000
Debt issuance costs paid	(6,798		)	—			—			—		(6,798		)
Purchases of treasury stock	(13,314		)	—			—			—		(13,314		)
Proceeds from exercise of share-based compensation awards	712			—			—			—		712
Income tax benefit from exercise of stock options	677			—			—			—		677
Net cash flow used in financing activities	(9,075		)	—			—			—		(9,075		)
Effect of exchange rates on cash	—			—			(47		)	—		(47		)
Change in cash and cash equivalents	12,458			(1,685		)	2,639			—		13,412
Cash and cash equivalents at beginning of the period	24,674			4,240			41,729			—		70,643
Cash and cash equivalents at end of the period	$	37,132		$	2,555		$	44,368		$	—	$	84,055



Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 2013
(unaudited, in thousands)

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Eliminations		Consolidated
Cash flow from operating activities:
Net cash flow provided by (used in) operating activities	$	(51,135	)	$	74,077		$	22,105		$	—	$	45,047
Cash flow from investing activities:
Loan receivables, net of cash repayments	—			(1,637		)	(5,725		)	—		(7,362		)
Purchases of property and equipment	(1,462		)	(1,956		)	(6,956		)	—		(10,374		)
Acquisitions of pawn stores, net of cash acquired	—			(70,016		)	(1,485		)	—		(71,501		)
Investing activity with subsidiaries	23,073			—			(23,073		)	—		—
Net cash flow provided by (used in) investing activities	21,611			(73,609		)	(37,239		)	—		(89,237		)
Cash flow from financing activities:
Borrowings from revolving credit facilities	116,600			—			—			—		116,600
Repayments of revolving credit facilities	(66,100		)	—			—			—		(66,100		)
Repayments of notes payable	(1,591		)	—			—			—		(1,591		)
Purchases of treasury stock	(38,692		)	—			—			—		(38,692		)
Proceeds from exercise of share-based compensation awards	8,422			—			—			—		8,422
Income tax benefit from exercise of stock options	7,218			—			—			—		7,218
Net cash flow provided by financing activities	25,857			—			—			—		25,857
Effect of exchange rates on cash	—			—			754			—		754
Change in cash and cash equivalents	(3,667		)	468			(14,380		)	—		(17,579		)
Cash and cash equivalents at beginning of the period	12,145			3,885			34,255			—		50,285
Cash and cash equivalents at end of the period	$	8,478		$	4,353		$	19,875		$	—	$	32,706