XML 65 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flow from operating activities:      
Net income $ 85,166us-gaap_NetIncomeLoss $ 83,846us-gaap_NetIncomeLoss $ 80,359us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash flow provided by operating activities:      
Non-cash portion of credit loss provision 916fcfs_NonCashPortionOfCreditLossProvision 1,033fcfs_NonCashPortionOfCreditLossProvision 866fcfs_NonCashPortionOfCreditLossProvision
Share-based compensation expense 1,979us-gaap_ShareBasedCompensation 553us-gaap_ShareBasedCompensation 1,300us-gaap_ShareBasedCompensation
Depreciation and amortization expense 17,476fcfs_DepreciationAndAmortizationExpense 15,361fcfs_DepreciationAndAmortizationExpense 12,975fcfs_DepreciationAndAmortizationExpense
Amortization of Financing Costs 902us-gaap_AmortizationOfFinancingCosts 0us-gaap_AmortizationOfFinancingCosts 0us-gaap_AmortizationOfFinancingCosts
Deferred income taxes 1,128us-gaap_DeferredIncomeTaxesAndTaxCredits (7,928)us-gaap_DeferredIncomeTaxesAndTaxCredits 3,242us-gaap_DeferredIncomeTaxesAndTaxCredits
Loss on disposition of consumer loan stores 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 1,298us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 966us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Changes in operating assets and liabilities, net of business combinations:      
Pawn fees and service charges receivable (116)fcfs_PawnFeesAndServiceChargesReceivable (1,371)fcfs_PawnFeesAndServiceChargesReceivable (3,245)fcfs_PawnFeesAndServiceChargesReceivable
Merchandise inventories (1,364)us-gaap_IncreaseDecreaseInRetailRelatedInventories (1,200)us-gaap_IncreaseDecreaseInRetailRelatedInventories (2,777)us-gaap_IncreaseDecreaseInRetailRelatedInventories
Prepaid expenses and other assets (1,645)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 2,030us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 6,297us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued expenses 1,272us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 5,586us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (1,135)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Income taxes payable, current (8,035)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 7,510us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (10,056)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Net cash flow provided by operating activities 97,679us-gaap_NetCashProvidedByUsedInOperatingActivities 106,718us-gaap_NetCashProvidedByUsedInOperatingActivities 88,792us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flow from investing activities:      
Loan receivables, net of cash repayments (2,470)fcfs_PawnLoanReceivables (411)fcfs_PawnLoanReceivables (17,325)fcfs_PawnLoanReceivables
Purchases of property and equipment (23,954)us-gaap_PaymentsToAcquireProductiveAssets (26,672)us-gaap_PaymentsToAcquireProductiveAssets (21,841)us-gaap_PaymentsToAcquireProductiveAssets
Acquisitions of pawn stores, net of cash acquired (58,942)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (113,643)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (120,738)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Net cash flow used in investing activities (85,366)us-gaap_NetCashProvidedByUsedInInvestingActivities (140,726)us-gaap_NetCashProvidedByUsedInInvestingActivities (159,904)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flow from financing activities:      
Borrowings from revolving credit facilities 50,000us-gaap_ProceedsFromLinesOfCredit 152,500us-gaap_ProceedsFromLinesOfCredit 194,500us-gaap_ProceedsFromLinesOfCredit
Repayments of revolving credit facilities (209,600)us-gaap_RepaymentsOfLinesOfCredit (73,000)us-gaap_RepaymentsOfLinesOfCredit (92,000)us-gaap_RepaymentsOfLinesOfCredit
Repayments of notes payable (8,352)us-gaap_RepaymentsOfNotesPayable (3,211)us-gaap_RepaymentsOfNotesPayable (1,837)us-gaap_RepaymentsOfNotesPayable
Issuance of senior unsecured notes 200,000us-gaap_ProceedsFromIssuanceOfUnsecuredDebt 0us-gaap_ProceedsFromIssuanceOfUnsecuredDebt 0us-gaap_ProceedsFromIssuanceOfUnsecuredDebt
Debt issuance costs paid (6,610)us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts
Purchases of treasury stock (43,947)us-gaap_PaymentsForRepurchaseOfCommonStock (38,692)us-gaap_PaymentsForRepurchaseOfCommonStock (61,275)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from exercise of share-based compensation awards 5,270us-gaap_ProceedsFromStockOptionsExercised 9,242us-gaap_ProceedsFromStockOptionsExercised 4,296us-gaap_ProceedsFromStockOptionsExercised
Income tax benefit from exercise of stock options 4,141us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 7,805us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 5,841us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Net cash flow provided by (used in) financing activities (9,098)us-gaap_NetCashProvidedByUsedInFinancingActivities 54,644us-gaap_NetCashProvidedByUsedInFinancingActivities 49,525us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rates on cash (5,866)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (278)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 1,576us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Change in cash and cash equivalents (2,651)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 20,358us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (20,011)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of the year 70,643us-gaap_CashAndCashEquivalentsAtCarryingValue 50,285us-gaap_CashAndCashEquivalentsAtCarryingValue 70,296us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of the year 67,992us-gaap_CashAndCashEquivalentsAtCarryingValue 70,643us-gaap_CashAndCashEquivalentsAtCarryingValue 50,285us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for:      
Interest 10,294us-gaap_InterestPaid 3,477us-gaap_InterestPaid 1,357us-gaap_InterestPaid
Income taxes 32,860us-gaap_IncomeTaxesPaid 27,111us-gaap_IncomeTaxesPaid 38,810us-gaap_IncomeTaxesPaid
Supplemental disclosure of non-cash investing activity:      
Non-cash transactions in connection with pawn loans settled through forfeitures of collateral transferred to inventories 177,519fcfs_PawnLoansForfeitedAndTransferredToInventories 147,976fcfs_PawnLoansForfeitedAndTransferredToInventories 100,572fcfs_PawnLoansForfeitedAndTransferredToInventories
Supplemental disclosure of non-cash financing activity:      
Notes and other amounts payable in connection with pawn acquisitions $ 1,425fcfs_NotesPayableIssuedAsConsiderationForBusinessAcquired $ 2,008fcfs_NotesPayableIssuedAsConsiderationForBusinessAcquired $ 13,759fcfs_NotesPayableIssuedAsConsiderationForBusinessAcquired