| 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 ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 03/2009 | 0.64 | 0.062 | 2.64 | | 12/2008 | 0.60 | 0.062 | 3.15 | | 09/2008 | 0.66 | 0.125 | 4.53 | | 06/2008 | 0.59 | 0.125 | 8.61 | | 03/2008 | 0.63 | 0.125 | 11.98 | | 12/2007 | 0.70 | 0.125 | 14.51 | | 09/2007 | 0.78 | 0.125 | 13.68 | | 06/2007 | 0.93 | 0.125 | 19.08 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | 1.29 | Total Liab/Total Assets | 0.62 | | Net Inc/Total Assets | 0.09 | Total Liab/Inv Cap | 0.70 | | Net Inc/Inv Cap | 0.10 | Total Liab/Comm Equity | 9.23 | | Pretax Inc/Net Sales | 0.11 | Interest Coverage Ratio | 7.44 | | Net Inc/Net Sales | 0.06 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.28 | LTD/Equity | 1.14 | | SG&A/NetSales | 0.10 | Total Debt/Equity | 1.14 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 2.89 | Quick Ratio | 4.90 | | Inventory Turnover | NA | Current Ratio | 4.90 | | Inventory Day Sales | NA | Net Rec/Curr Assets | 0.88 | | Net Sales/Work Cap | 3.21 | Inv/Curr Assets | NA | | Net Sales/PP&E | 14.68 | | |
Income Statement (Millions) |
| |
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Total Revenues(Net Sales)
|
156.39
|
174.98
|
173.86
|
162.14
|
|
Cost of Goods Sold
|
111.99
|
136.46
|
136.43
|
126.25
|
|
Selling & Admin Exps
|
14.07
|
19.82
|
18.31
|
16.01
|
|
Operating Income
|
27.40
|
17.62
|
18.14
|
19.00
|
|
Interest Exp
|
1.70
|
2.94
|
3.03
|
2.53
|
|
Pretax Income
|
25.72
|
14.70
|
15.14
|
16.50
|
|
Other Income
|
0.02
|
0.02
|
0.04
|
0.03
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
15.14
|
5.94
|
8.46
|
9.27
|
|
Assets
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Cash & Short Term Investments
|
13.76
|
16.02
|
16.00
|
22.04
|
|
Receivables - Total
|
185.82
|
233.12
|
224.18
|
208.64
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
217.31
|
264.86
|
262.44
|
258.74
|
|
Net Property, Plant & Equipment
|
40.48
|
46.09
|
49.64
|
52.99
|
|
Total Assets
|
396.89
|
447.01
|
449.79
|
450.15
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
44.40
|
51.65
|
43.41
|
49.82
|
|
Debt in Current Liabilities
|
0.52
|
0.55
|
0.57
|
0.56
|
|
Total Current Liabilities
|
44.92
|
54.02
|
43.98
|
50.38
|
|
Long-Term Debt
|
142.25
|
194.41
|
207.71
|
192.78
|
|
Total Liabilities
|
213.99
|
275.75
|
279.50
|
271.44
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.97
|
0.97
|
0.97
|
0.97
|
|
Retained Earnings
|
155.26
|
143.96
|
141.84
|
141.02
|
|
Treasury Stock
|
-259.56
|
-259.72
|
-260.15
|
-251.18
|
|
Total Stockholders' Equity
|
182.90
|
171.26
|
170.29
|
178.72
|
|
Total Liabilities and Stockholders' Equity
|
396.89
|
447.01
|
449.79
|
450.15
|
Cash Flow Summary (Millions) |
|
Categories
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Net Cash Provided by Operating Activities
|
30.73
|
62.36
|
49.09
|
38.93
|
|
Net Cash Provided by Investing Activities
|
25.86
|
-47.27
|
-50.87
|
-43.21
|
|
Net Cash Provided by Financing Activities
|
-58.79
|
-14.64
|
-4.10
|
9.80
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 570.19 | 83.06 | 1.20 | | 12/2005 | 515.01 | 62.99 | 0.76 | | 12/2006 | 672.29 | 70.15 | 0.87 | | 12/2007 | 709.56 | 54.38 | 0.70 | | 12/2008 | 676.44 | 38.47 | 0.60 | | Growth Rates | 4.36 | -17.50 | -15.91 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 03/31/09 | 93 | 25,583 | 41.50 |
|
Report Date :
6/23/2009
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