Company Information

Learn More About XBRL  

Address: 135 NORTH CHURCH STREET  
City: SPARTANBURG 
State: SC 
Zip Code: 29306 
Telephone: 864-342-5600 


Description of Business


Primary SIC Code: 6141
(As filed with the SEC)  

We are the largest provider of payday cash advance services in the United States, as measured by the number of centers operated. As of December 31, 2006, we operated 2,853 centers in 36 states. We do not franchise any of our centers. Payday cash advances are small-denomination, short-term, unsecured advances that are typically due on the customer's next payday. We focus primarily on providing payday advance services to middle-income working individuals and do not provide pawn lending, title lending or similar services. During 2006, we began offering customers in Pennsylvania the Advance America Choice-Line of Credit product. We previously marketed, processed and serviced installment loans made by lending banks under our former agency business model, and during 2006 we began offering installment loans directly to customers in Illinois. In the fall of 2006, we introduced a prepaid debit card as an additional product in our centers.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/20090.880.0626.32
09/20090.660.0628.48
06/20090.590.0627.51
03/20090.640.0622.64
12/20080.600.0623.15
09/20080.660.1254.53
06/20080.590.1258.61
03/20080.630.12511.98

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2009 Leverage 2009
Net Inc/Comm Equity1.71Total Liab/Total Assets0.52
Net Inc/Total Assets0.12Total Liab/Inv Cap0.52
Net Inc/Inv Cap0.12Total Liab/Comm Equity7.35
Pretax Inc/Net Sales0.14Interest Coverage RatioNA
Net Inc/Net Sales0.08Curr Debt/EquityNA
Cash Flow/Net Sales0.28LTD/EquityNA
SG&A/NetSales0.62Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover2.96Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E20.35  

Income Statement (Millions)

  12/31/2009 6/30/2009 3/31/2009 12/31/2008
Total Revenues(Net Sales) 647.56 150.12 156.39 174.98
Cost of Goods Sold NA 125.46 111.99 136.46
Selling & Admin Exps 96.74 15.17 14.07 19.82
Operating Income NA 10.26 27.40 17.62
Interest Exp NA 1.60 1.70 2.94
Pretax Income 32.40 8.69 25.72 14.70
Other Income NA 0.02 0.02 0.02
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 19.84 6.64 15.14 5.94

Balance Sheet (Millions)

Assets 12/31/2009 6/30/2009 3/31/2009 12/31/2008
Cash & Short Term Investments 38.19 14.75 13.76 16.02
Receivables - Total 204.23 207.79 185.82 233.12
Inventories - Total NA NA NA NA
Total Current Assets NA 246.31 217.31 264.86
Net Property, Plant & Equipment 31.84 37.47 40.48 46.09
Total Assets 446.15 423.00 396.89 447.01
Liabilities        
Accounts Payable 60.92 46.31 44.40 51.65
Debt in Current Liabilities NA 0.56 0.52 0.55
Total Current Liabilities NA 46.87 44.92 54.02
Long-Term Debt NA 162.59 142.25 194.41
Total Liabilities 233.54 235.72 213.99 275.75
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 NA NA NA
Common Stock 0.97 0.97 0.97 0.97
Retained Earnings 182.77 158.04 155.26 143.96
Treasury Stock -259.33 -259.56 -259.56 -259.72
Total Stockholders' Equity 212.61 187.28 182.90 171.26
Total Liabilities and Stockholders' Equity 446.15 423.00 396.89 447.01

Cash Flow Summary (Millions)

Categories 12/31/2009 6/30/2009 3/31/2009 12/31/2008
Net Cash Provided by Operating Activities 61.08 31.45 30.73 62.36
Net Cash Provided by Investing Activities -23.99 -47.62 25.86 -47.27
Net Cash Provided by Financing Activities -11.78 17.04 -58.79 -14.64

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2005515.0162.990.76
12/2006672.2970.150.87
12/2007709.5654.380.70
12/2008676.4438.470.60
12/2009647.9654.200.88
Growth Rates5.91-3.693.73

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional12/31/0912146,21374.33




Report Date : 3/15/2010

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