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. In conjunction with the Merger, Merger Sub, the surviving entity in the Merger and a wholly owned subsidiary of the Company, is included as a Guarantor Subsidiary. The following supplemental financial information sets forth, on a consolidating basis, the balance sheets, statements of comprehensive income (loss) and statements of cash flows of FirstCash, 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, 2016

	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	8,663	$	34,854	$	46,438	$	—		$	89,955
Fees and service charges receivable	—		31,378		9,635		—			41,013
Pawn loans	—		286,020		64,486		—			350,506
Consumer loans, net	—		28,797		407		—			29,204
Inventories	—		274,873		55,810		—			330,683
Income taxes receivable	2,415		23,095		—		—			25,510
Prepaid expenses and other current assets	2,750		21,177		1,337		—			25,264
Intercompany receivable	1,025		—		—		(1,025		)	—
Total current assets	14,853		700,194		178,113		(1,025		)	892,135

Property and equipment, net	3,736		180,438		51,883		—			236,057
Goodwill	—		719,527		111,624		—			831,151
Intangible assets, net	—		103,109		1,365		—			104,474
Other assets	3,254		66,261		2,164		—			71,679
Deferred tax assets	—		—		9,707		—			9,707
Investments in subsidiaries	1,906,444		—		—		(1,906,444		)	—
Total assets	$	1,928,287	$	1,769,529	$	354,856	$	(1,907,469	)	$	2,145,203

LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities	$	21,756	$	72,979	$	14,619	$	—		$	109,354
Customer deposits	—		24,626		8,910		—			33,536
Income taxes payable	—		—		738		—			738
Intercompany payable	—		—		1,025		(1,025		)	—
Total current liabilities	21,756		97,605		25,292		(1,025		)	143,628

Revolving unsecured credit facilities	260,000		—		—		—			260,000
Senior unsecured notes	196,545		—		—		—			196,545
Deferred tax liabilities	—		58,286		2,989		—			61,275
Other liabilities	—		33,769		—		—			33,769
Total liabilities	478,301		189,660		28,281		(1,025		)	695,217

Total stockholders’ equity	1,449,986		1,579,869		326,575		(1,906,444		)	1,449,986
Total liabilities and stockholders’ equity	$	1,928,287	$	1,769,529	$	354,856	$	(1,907,469	)	$	2,145,203



Condensed Consolidating Balance Sheet
December 31, 2015

	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	5,460	$	3,765	$	77,729	$	—		$	86,954
Fees and service charges receivable	—		7,596		8,810		—			16,406
Pawn loans	—		61,204		56,397		—			117,601
Consumer loans, net	—		624		494		—			1,118
Inventories	—		46,349		47,109		—			93,458
Income taxes receivable	3,567		—		—		—			3,567
Prepaid expenses and other current assets	2,910		—		3,420		—			6,330
Intercompany receivable	7,382		—		—		(7,382		)	—
Total current assets	19,319		119,538		193,959		(7,382		)	325,434

Property and equipment, net	3,568		55,585		53,294		—			112,447
Goodwill	—		196,224		99,385		—			295,609
Intangible assets, net	—		4,418		1,763		—			6,181
Other assets	1,290		475		2,138		—			3,903
Deferred tax assets	—		—		9,321		—			9,321
Investments in subsidiaries	675,574		—		—		(675,574		)	—
Total assets	$	699,751	$	376,240	$	359,860	$	(682,956	)	$	752,895

LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued liabilities	$	14,308	$	1,724	$	11,794	$	—		$	27,826
Customer deposits	—		6,205		8,221		—			14,426
Income taxes payable	—		—		3,923		—			3,923
Intercompany payable	—		—		7,382		(7,382		)	—
Total current liabilities	14,308		7,929		31,320		(7,382		)	46,175

Revolving unsecured credit facilities	58,000		—		—		—			58,000
Senior unsecured notes	195,874		—		—		—			195,874
Deferred tax liabilities	187		18,880		2,397		—			21,464
Total liabilities	268,369		26,809		33,717		(7,382		)	321,513

Total stockholders’ equity	431,382		349,431		326,143		(675,574		)	431,382
Total liabilities and stockholders’ equity	$	699,751	$	376,240	$	359,860	$	(682,956	)	$	752,895



Condensed Consolidating Statement of Comprehensive Income (Loss)
Year Ended December 31, 2016

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Eliminations			Consolidated
Revenue:
Retail merchandise sales	$	—		$	352,147		$	316,984		$	—		$	669,131
Pawn loan fees	—			184,907			127,850			—			312,757
Consumer loan and credit services fees	—			41,591			2,260			—			43,851
Wholesale scrap jewelry sales	—			45,002			17,636			—			62,638
Total revenue	—			623,647			464,730			—			1,088,377

Cost of revenue:
Cost of retail merchandise sold	—			218,488			200,068			—			418,556
Consumer loan and credit services loss provision	—			11,475			518			—			11,993
Cost of wholesale scrap jewelry sold	—			39,264			13,761			—			53,025
Total cost of revenue	—			269,227			214,347			—			483,574

Net revenue	—			354,420			250,383			—			604,803

Expenses and other income:
Store operating expenses	—			200,004			128,010			—			328,014
Administrative expenses ⁽¹⁾	26,838			28,167			41,532			—			96,537
Depreciation and amortization	950			18,855			12,060			—			31,865
Interest expense	20,201			49			70			—			20,320
Interest income	(6		)	(10		)	(735		)	—			(751		)
Merger and other acquisition expenses	21,268			15,402			—			—			36,670
Net gain on sale of common stock of Enova	—			(1,299		)	—			—			(1,299		)
Total expenses and other income	69,251			261,168			180,937			—			511,356

Income (loss) before income taxes	(69,251		)	93,252			69,446			—			93,447

Provision for income taxes	(22,036		)	34,503			20,853			—			33,320

Income (loss) before equity in net income of subsidiaries	(47,215		)	58,749			48,593			—			60,127

Equity in net income of subsidiaries	107,342			—			—			(107,342		)	—

Net income (loss)	$	60,127		$	58,749		$	48,593		$	(107,342	)	$	60,127
Other comprehensive income (loss):
Currency translation adjustment	(41,396		)	—			—			—			(41,396		)
Comprehensive income (loss)	$	18,731		$	58,749		$	48,593		$	(107,342	)	$	18,731


⁽¹⁾	Includes the allocation of certain administrative expenses and the payment of royalties between the Parent Company and certain foreign Non-Guarantor Subsidiaries.



Condensed Consolidating Statement of Comprehensive Income (Loss)
Year Ended December 31, 2015

	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Eliminations			Consolidated
Revenue:
Retail merchandise sales	$	—		$	163,648	$	285,648		$	—		$	449,296
Pawn loan fees	—			84,295		111,153			—			195,448
Consumer loan and credit services fees	—			25,294		2,509			—			27,803
Wholesale scrap jewelry sales	—			17,396		14,659			—			32,055
Total revenue	—			290,633		413,969			—			704,602

Cost of revenue:
Cost of retail merchandise sold	—			95,129		183,502			—			278,631
Consumer loan and credit services loss provision	—			6,748		411			—			7,159
Cost of wholesale scrap jewelry sold	—			15,861		11,767			—			27,628
Total cost of revenue	—			117,738		195,680			—			313,418

Net revenue	—			172,895		218,289			—			391,184

Expenses and other income:
Store operating expenses	—			92,277		115,295			—			207,572
Administrative expenses ⁽¹⁾	23,592			—		28,291			—			51,883
Depreciation and amortization	758			6,800		10,381			—			17,939
Interest expense	16,887			—		—			—			16,887
Interest income	(13		)	—		(1,553		)	—			(1,566		)
Merger and other acquisition expenses	2,875			—		—			—			2,875
Goodwill impairment - U.S. consumer loan operations	—			7,913		—			—			7,913
Total expenses and other income	44,099			106,990		152,414			—			303,503

Income (loss) before income taxes	(44,099		)	65,905		65,875			—			87,681

Provision for income taxes	(16,844		)	24,385		19,430			—			26,971

Income (loss) before equity in net income of subsidiaries	(27,255		)	41,520		46,445			—			60,710

Equity in net income of subsidiaries	87,965			—		—			(87,965		)	—

Net income (loss)	$	60,710		$	41,520	$	46,445		$	(87,965	)	$	60,710
Other comprehensive income (loss):
Currency translation adjustment	(38,132		)	—		—			—			(38,132		)
Comprehensive income (loss)	$	22,578		$	41,520	$	46,445		$	(87,965	)	$	22,578


⁽¹⁾	Includes the allocation of certain administrative expenses and the payment of royalties between the Parent Company and certain foreign Non-Guarantor Subsidiaries.



Condensed Consolidating Statement of Comprehensive Income (Loss)
Year Ended December 31, 2014

	Parent Company			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Eliminations			Consolidated
Revenue:
Retail merchandise sales	$	—		$	155,619	$	272,563		$	—		$	428,182
Pawn loan fees	—			83,321		116,036			—			199,357
Consumer loan and credit services fees	—			33,568		3,181			—			36,749
Wholesale scrap jewelry sales	—			26,365		22,224			—			48,589
Total revenue	—			298,873		414,004			—			712,877

Cost of revenue:
Cost of retail merchandise sold	—			88,590		173,083			—			261,673
Consumer loan and credit services loss provision	—			8,678		609			—			9,287
Cost of wholesale scrap jewelry sold	—			22,675		18,369			—			41,044
Total cost of revenue	—			119,943		192,061			—			312,004

Net revenue	—			178,930		221,943			—			400,873

Expenses and other income:
Store operating expenses	—			89,068		109,918			—			198,986
Administrative expenses ⁽¹⁾	23,097			—		30,491			—			53,588
Depreciation and amortization	997			6,104		10,375			—			17,476
Interest expense	13,527			—		—			—			13,527
Interest income	(24		)	—		(658		)	—			(682		)
Merger and other acquisition expenses	998			—		—			—			998
Total expenses and other income	38,595			95,172		150,126			—			283,893

Income (loss) from continuing operations before income taxes	(38,595		)	83,758		71,817			—			116,980

Provision for income taxes	(17,651		)	30,983		18,210			—			31,542

Income (loss) from continuing operations before equity in net income of subsidiaries	(20,944		)	52,775		53,607			—			85,438

Loss from discontinued operations, net of tax	—			—		(272		)	—			(272		)
Equity in net income of subsidiaries	106,110			—		—			(106,110		)	—

Net income (loss)	$	85,166		$	52,775	$	53,335		$	(106,110	)	$	85,166
Other comprehensive income (loss):
Currency translation adjustment	(28,517		)	—		—			—			(28,517		)
Comprehensive income (loss)	$	56,649		$	52,775	$	53,335		$	(106,110	)	$	56,649


⁽¹⁾	Includes the allocation of certain administrative expenses and the payment of royalties between the Parent Company and certain foreign Non-Guarantor Subsidiaries.



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2016

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Eliminations			Consolidated
Cash flow from operating activities:
Net cash flow provided by (used in) operating activities	$	153,924		$	82,030		$	48,620		$	(187,720	)	$	96,854
Cash flow from investing activities:
Loan receivables, net of cash repayments	—			1,909			(17,981		)	—			(16,072		)
Purchases of property and equipment	(1,118		)	(20,718		)	(12,027		)	—			(33,863		)
Portion of aggregate merger consideration paid in cash, net of cash acquired	—			(8,250		)	—			—			(8,250		)
Acquisitions of pawn stores, net of cash acquired	—			(2,433		)	(27,433		)	—			(29,866		)
Proceeds from sale of common stock of Enova	—			62,084			—			—			62,084
Investing activity with subsidiaries	(329,422		)	—			—			329,422			—
Net cash flow provided by (used in) investing activities	(330,540		)	32,592			(57,441		)	329,422			(25,967		)
Cash flow from financing activities:
Borrowings from revolving credit facilities	400,000			—			—			—			400,000
Repayments of revolving credit facilities	(198,000		)	—			—			—			(198,000		)
Repayments of debt assumed with merger and other acquisitions	—			(232,000		)	(6,532		)	—			(238,532		)
Debt issuance costs paid	(2,373		)	—			—			—			(2,373		)
Common stock dividends paid	(19,808		)	—			—			—			(19,808		)
Proceeds from intercompany financing related activity	—			329,138			284			(329,422		)	—
Intercompany dividends paid	—			(180,671		)	(7,049		)	187,720			—
Net cash flow provided by (used in) financing activities	179,819			(83,533		)	(13,297		)	(141,702		)	(58,713		)
Effect of exchange rates on cash	—			—			(9,173		)	—			(9,173		)
Change in cash and cash equivalents	3,203			31,089			(31,291		)	—			3,001
Cash and cash equivalents at beginning of the period	5,460			3,765			77,729			—			86,954
Cash and cash equivalents at end of the period	$	8,663		$	34,854		$	46,438		$	—		$	89,955



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2015

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Eliminations			Consolidated
Cash flow from operating activities:
Net cash flow provided by (used in) operating activities	$	32,753		$	59,675		$	66,713		$	(66,392	)	$	92,749
Cash flow from investing activities:
Loan receivables, net of cash repayments	—			1,803			(5,519		)	—			(3,716		)
Purchases of property and equipment	(329		)	(6,919		)	(13,825		)	—			(21,073		)
Acquisitions of pawn stores, net of cash acquired	—			(29,617		)	(17,270		)	—			(46,887		)
Investing activity with subsidiaries	(43,890		)	—			—			43,890			—
Net cash flow provided by (used in) investing activities	(44,219		)	(34,733		)	(36,614		)	43,890			(71,676		)
Cash flow from financing activities:
Borrowings from revolving credit facilities	120,000			—			—			—			120,000
Repayments of revolving credit facilities	(84,400		)	—			—			—			(84,400		)
Debt issuance costs paid	(407		)	—			—			—			(407		)
Purchases of treasury stock	(39,974		)	—			—			—			(39,974		)
Proceeds from exercise of share-based compensation awards	9,895			—			—			—			9,895
Income tax benefit from exercise of stock options	5,126			—			—			—			5,126
Payment of minimum withholding taxes on net share settlement of stock options exercised	(1,113		)	—			—			—			(1,113		)
Proceeds from intercompany financing related activity	—			36,536			7,354			(43,890		)	—
Intercompany dividends paid	—			(60,859		)	(5,533		)	66,392			—
Net cash flow provided by (used in) financing activities	9,127			(24,323		)	1,821			22,502			9,127
Effect of exchange rates on cash	—			—			(11,238		)	—			(11,238		)
Change in cash and cash equivalents	(2,339		)	619			20,682			—			18,962
Cash and cash equivalents at beginning of the period	7,799			3,146			57,047			—			67,992
Cash and cash equivalents at end of the period	$	5,460		$	3,765		$	77,729		$	—		$	86,954



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2014

	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Eliminations			Consolidated
Cash flow from operating activities:
Net cash flow provided by (used in) operating activities	$	42,632		$	62,403		$	63,510		$	(70,866	)	$	97,679
Cash flow from investing activities:
Loan receivables, net of cash repayments	—			2,785			(5,255		)	—			(2,470		)
Purchases of property and equipment	(839		)	(8,097		)	(15,018		)	—			(23,954		)
Acquisitions of pawn stores, net of cash acquired	—			(16,417		)	(42,525		)	—			(58,942		)
Investing activity with subsidiaries	(49,570		)	—			—			49,570			—
Net cash flow provided by (used in) investing activities	(50,409		)	(21,729		)	(62,798		)	49,570			(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
Proceeds from intercompany financing related activity	—			24,514			25,056			(49,570		)	—
Intercompany dividends paid	—			(66,623		)	(4,243		)	70,866			—
Net cash flow provided by (used in) financing activities	(9,098		)	(42,109		)	20,813			21,296			(9,098		)
Effect of exchange rates on cash	—			—			(5,866		)	—			(5,866		)
Change in cash and cash equivalents	(16,875		)	(1,435		)	15,659			—			(2,651		)
Cash and cash equivalents at beginning of the period	24,674			4,581			41,388			—			70,643
Cash and cash equivalents at end of the period	$	7,799		$	3,146		$	57,047		$	—		$	67,992