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 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
December 31, 2014
(in thousands)

	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	7,799		$	2,906	$	57,287		$	—		$	67,992
Pawn loan fees and service charges receivable	—			7,120		9,806			—			16,926
Pawn loans	—			55,709		62,827			—			118,536
Consumer loans, net	—			655		586			—			1,241
Inventories	—			35,206		55,882			—			91,088
Prepaid expenses and other current assets	1,881			—		3,089			—			4,970
Deferred tax assets	1,069			—		6,053			—			7,122
Total current assets	10,749			101,596		195,530			—			307,875

Property and equipment, net	3,997			50,184		59,569			—			113,750
Goodwill, net	—			158,308		118,574			—			276,882
Other non-current assets	5,967			4,744		5,457			—			16,168
Deferred tax assets	—			—		17,127			(17,127		)	—
Intercompany receivable	—			—		170,132			(170,132		)	—
Investments in subsidiaries	837,486			—		—			(837,486		)	—
Total assets	$	858,199		$	314,832	$	566,389		$	(1,024,745	)	$	714,675

LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities	$	16,940		$	6,459	$	19,160		$	—		$	42,559
Total current liabilities	16,940			6,459		19,160			—			42,559

Revolving unsecured credit facility	22,400			—		—			—			22,400
Senior unsecured notes	200,000			—		—			—			200,000
Deferred tax liabilities	176			14,069		4,047			(17,127		)	1,165
Intercompany payable	170,132			—		—			(170,132		)	—
Total liabilities	409,648			20,528		23,207			(187,259		)	266,124

Stockholders’ equity:
Preferred stock	—			—		—			—			—
Common stock	397			—		—			—			397
Additional paid-in capital	188,062			—		—			—			188,062
Retained earnings	556,726			294,304		569,350			(837,486		)	582,894
Accumulated other comprehensive loss	—			—		(26,168		)	—			(26,168		)
Common stock held in treasury, at cost	(296,634		)	—		—			—			(296,634		)
Total stockholders’ equity	448,551			294,304		543,182			(837,486		)	448,551
Total liabilities and stockholders’ equity	$	858,199		$	314,832	$	566,389		$	(1,024,745	)	$	714,675



Condensed Consolidating Balance Sheet
December 31, 2013
(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 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	489,977			289,093		470,443			(751,785		)	497,728
Accumulated other comprehensive loss	—			—		(7,751		)	—			(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
Year Ended December 31, 2014
(in thousands)

	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Eliminations		Consolidated
Revenue:
Retail merchandise sales	$	—		$	137,011	$	291,171		$	—	$	428,182
Pawn loan fees	—			76,009		123,348			—		199,357
Consumer loan and credit services fees	—			33,450		3,299			—		36,749
Wholesale scrap jewelry revenue	—			24,589		24,000			—		48,589
Total revenue	—			271,059		441,818			—		712,877

Cost of revenue:
Cost of retail merchandise sold	—			76,116		185,557			—		261,673
Consumer loan and credit services loss provision	—			8,659		628			—		9,287
Cost of wholesale scrap jewelry sold	—			21,125		19,919			—		41,044
Total cost of revenue	—			105,900		206,104			—		312,004

Net revenue	—			165,159		235,714			—		400,873

Expenses and other income:
Store operating expenses	—			80,681		118,305			—		198,986
Administrative expenses	24,095			—		30,491			—		54,586
Depreciation and amortization	997			5,660		10,819			—		17,476
Interest expense	13,527			—		—			—		13,527
Interest income	(24		)	—		(658		)	—		(682		)
Total expenses and other income	38,595			86,341		158,957			—		283,893

Income (loss) from continuing operations before income taxes	(38,595		)	78,818		76,757			—		116,980

Provision for income taxes	(17,651		)	29,163		20,030			—		31,542

Income (loss) from continuing operations	(20,944		)	49,655		56,727			—		85,438

Loss from discontinued operations, net of tax	—			—		(272		)	—		(272		)
Net income (loss)	$	(20,944	)	$	49,655	$	56,455		$	—	$	85,166
Other comprehensive income (loss):
Currency translation adjustment, net of tax expense or benefit	—			—		(18,417		)	—		(18,417		)
Comprehensive income (loss)	$	(20,944	)	$	49,655	$	38,038		$	—	$	66,749



Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2013
(in thousands)

	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Eliminations		Consolidated
Revenue:
Retail merchandise sales	$	—		$	121,194	$	245,993		$	—	$	367,187
Pawn loan fees	—			71,586		109,969			—		181,555
Consumer loan and credit services fees	—			39,771		4,010			—		43,781
Wholesale scrap jewelry revenue	—			35,147		33,178			—		68,325
Total revenue	—			267,698		393,150			—		660,848

Cost of revenue:
Cost of retail merchandise sold	—			65,381		155,980			—		221,361
Consumer loan and credit services loss provision	—			10,659		709			—		11,368
Cost of wholesale scrap jewelry sold	—			29,148		29,397			—		58,545
Total cost of revenue	—			105,188		186,086			—		291,274

Net revenue	—			162,510		207,064			—		369,574

Expenses and other income:
Store operating expenses	—			76,821		104,500			—		181,321
Administrative expenses	30,900			—		18,630			—		49,530
Depreciation and amortization	1,193			4,739		9,429			—		15,361
Interest expense	3,492			—		—			—		3,492
Interest income	(8		)	—		(314		)	—		(322		)
Total expenses and other income	35,577			81,560		132,245			—		249,382

Income (loss) from continuing operations before income taxes	(35,577		)	80,950		74,819			—		120,192

Provision for income taxes	(12,637		)	28,333		20,017			—		35,713

Income (loss) from continuing operations	(22,940		)	52,617		54,802			—		84,479

Loss from discontinued operations, net of tax	—			—		(633		)	—		(633		)
Net income (loss)	$	(22,940	)	$	52,617	$	54,169		$	—	$	83,846
Other comprehensive income (loss):
Currency translation adjustment, net of tax expense or benefit	—			—		(811		)	—		(811		)
Comprehensive income (loss)	$	(22,940	)	$	52,617	$	53,358		$	—	$	83,035



Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2012
(in thousands)

	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Eliminations		Consolidated
Revenue:
Retail merchandise sales	$	—		$	89,373	$	198,083		$	—	$	287,456
Pawn loan fees	—			57,220		95,017			—		152,237
Consumer loan and credit services fees	—			44,419		4,273			—		48,692
Wholesale scrap jewelry revenue	—			51,978		51,728			—		103,706
Total revenue	—			242,990		349,101			—		592,091

Cost of revenue:
Cost of retail merchandise sold	—			45,572		121,572			—		167,144
Consumer loan and credit services loss provision	—			11,837		719			—		12,556
Cost of wholesale scrap jewelry sold	—			36,672		40,181			—		76,853
Total cost of revenue	—			94,081		162,472			—		256,553

Net revenue	—			148,909		186,629			—		335,538

Expenses and other income:
Store operating expenses	—			59,843		89,036			—		148,879
Administrative expenses	36,281			—		13,930			—		50,211
Depreciation and amortization	1,096			3,861		7,982			—		12,939
Interest expense	—			1,488		—			—		1,488
Interest income	(11		)	—		(205		)	—		(216		)
Total expenses and other income	37,366			65,192		110,743			—		213,301

Income (loss) from continuing operations before income taxes	(37,366		)	83,717		75,886			—		122,237

Provision for income taxes	(12,859		)	30,561		23,673			—		41,375

Income (loss) from continuing operations	(24,507		)	53,156		52,213			—		80,862

Loss from discontinued operations, net of tax	—			—		(503		)	—		(503		)
Net income (loss)	$	(24,507	)	$	53,156	$	51,710		$	—	$	80,359
Other comprehensive income (loss):
Currency translation adjustment, net of tax expense or benefit	—			—		6,523			—		6,523
Comprehensive income (loss)	$	(24,507	)	$	53,156	$	58,233		$	—	$	86,882



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2014
(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	$	(20,276	)	$	18,939		$	99,016		$	—	$	97,679
Cash flow from investing activities:
Loan receivables, net of cash repayments	—			3,407			(5,877		)	—		(2,470		)
Purchases of property and equipment	(839		)	(7,263		)	(15,852		)	—		(23,954		)
Acquisitions of pawn stores, net of cash acquired	—			(16,417		)	(42,525		)	—		(58,942		)
Investing activity with subsidiaries	13,338			—			(13,338		)	—		—
Net cash flow provided by (used in) investing activities	12,499			(20,273		)	(77,592		)	—		(85,366		)
Cash flow from financing activities:
Borrowings from revolving credit facilities	50,000			—			—			—		50,000
Repayments of revolving credit facilities	(209,600		)	—			—			—		(209,600		)
Repayments of notes payable	(8,352		)	—			—			—		(8,352		)
Issuance of senior unsecured notes	200,000			—			—			—		200,000
Debt issuance costs paid	(6,610		)	—			—			—		(6,610		)
Purchases of treasury stock	(43,947		)	—			—			—		(43,947		)
Proceeds from exercise of share-based compensation awards	5,270			—			—			—		5,270
Income tax benefit from exercise of stock options	4,141			—			—			—		4,141
Net cash flow used in financing activities	(9,098		)	—			—			—		(9,098		)
Effect of exchange rates on cash	—			—			(5,866		)	—		(5,866		)
Change in cash and cash equivalents	(16,875		)	(1,334		)	15,558			—		(2,651		)
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	$	7,799		$	2,906		$	57,287		$	—	$	67,992



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2013
(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	$	(78,799	)	$	82,737		$	102,780		$	—	$	106,718
Cash flow from investing activities:
Loan receivables, net of cash repayments	—			(78		)	(333		)	—		(411		)
Purchases of property and equipment	(1,616		)	(11,584		)	(13,472		)	—		(26,672		)
Acquisitions of pawn stores, net of cash acquired	—			(70,720		)	(42,923		)	—		(113,643		)
Investing activity with subsidiaries	38,300			—			(38,300		)	—		—
Net cash flow provided by (used in) investing activities	36,684			(82,382		)	(95,028		)	—		(140,726		)
Cash flow from financing activities:
Borrowings from revolving credit facilities	152,500			—			—			—		152,500
Repayments of revolving credit facilities	(73,000		)	—			—			—		(73,000		)
Repayments of notes payable	(3,211		)	—			—			—		(3,211		)
Purchases of treasury stock	(38,692		)	—			—			—		(38,692		)
Proceeds from exercise of share-based compensation awards	9,242			—			—			—		9,242
Income tax benefit from exercise of stock options	7,805			—			—			—		7,805
Net cash flow provided by financing activities	54,644			—			—			—		54,644
Effect of exchange rates on cash	—			—			(278		)	—		(278		)
Change in cash and cash equivalents	12,529			355			7,474			—		20,358
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	$	24,674		$	4,240		$	41,729		$	—	$	70,643



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2012
(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	$	(122,042	)	$	93,644		$	117,190		$	—	$	88,792
Cash flow from investing activities:
Loan receivables, net of cash repayments	—			(6,702		)	(10,623		)	—		(17,325		)
Purchases of property and equipment	(621		)	(6,379		)	(14,841		)	—		(21,841		)
Acquisitions of pawn stores, net of cash acquired	—			(73,106		)	(47,632		)	—		(120,738		)
Investing activity with subsidiaries	41,815			(8,500		)	(33,315		)	—		—
Net cash flow provided by (used in) investing activities	41,194			(94,687		)	(106,411		)	—		(159,904		)
Cash flow from financing activities:
Borrowings from revolving credit facilities	194,500			—			—			—		194,500
Repayments of revolving credit facilities	(92,000		)	—			—			—		(92,000		)
Repayments of notes payable	(1,837		)	—			—			—		(1,837		)
Purchases of treasury stock	(61,275		)	—			—			—		(61,275		)
Proceeds from exercise of share-based compensation awards	4,296			—			—			—		4,296
Income tax benefit from exercise of stock options	5,841			—			—			—		5,841
Net cash flow provided by financing activities	49,525			—			—			—		49,525
Effect of exchange rates on cash	—			—			1,576			—		1,576
Change in cash and cash equivalents	(31,323		)	(1,043		)	12,355			—		(20,011		)
Cash and cash equivalents at beginning of the period	43,468			4,928			21,900			—		70,296
Cash and cash equivalents at end of the period	$	12,145		$	3,885		$	34,255		$	—	$	50,285