Last10K.com

Ezcorp Inc (EZPW) SEC Filing 10-K Annual report for the fiscal year ending Sunday, September 30, 2012

SEC Filings

Ezcorp Inc

CIK: 876523 Ticker: EZPW


99.1


EZCORP REPORTS RECORD REVENUES, INCOME AND EARNINGS PER SHARE

AUSTIN, Texas (November 6, 2012) – EZCORP, Inc. (NASDAQ: EZPW), a leading provider of instant cash solutions for consumers, today announced record results for its fourth quarter and fiscal year ended September 30, 2012.
For the quarter, total revenues were $258.4 million, net income was $38.6 million and earnings per share were $0.75, all records for the Company's fourth fiscal quarter.
The Company also generated record-setting performance for the full fiscal year. Compared with the prior year, total revenues increased 14% to $992.5 million, net income increased 18% to $143.7 million and earnings per share increased 16% to $2.81, all records for the Company. The Company also added 151 locations in three countries, acquired majority ownership in two lending companies in Mexico and the United Kingdom and signed a multi-year agreement with Western Union to provide money transfer and other payment services across its growing network.
  
Key Drivers
International Performance - Reflecting the continued successful execution of the Company's geographic, product and channel diversification strategy, 31% of the Company's consolidated segment contribution in the quarter was attributable to areas outside the United States, up from 8% a year earlier. Furthermore, combined total revenue in the Latin America and Other International segments more than doubled during the quarter compared to the same quarter last year. For the full fiscal year, earnings generated outside the United States increased from 8% of consolidated segment contribution to 18%. These increases are the result of continued strength in the Company's Empeño Fácil business in Mexico, the acquisition of controlling interests in Crediamigo and Cash Genie and the Company's strategic investments in the United Kingdom and Australia.

Mexico Pawn Operations - Empeño Fácil, the Company's Mexico pawn operation, continued its strong performance. Compared to the fourth quarter of last year, merchandise sales were up 51%, pawn service charges were up 40% and pawn loan balances increased 54%. Jewelry scrapping sales declined 15% reflective of the continued challenging gold dynamics. Year-over-year increases were due to the continued development and maturity of the existing store base and the addition of new stores. The Company now operates 230 pawn stores in Mexico, having opened 52 during fiscal 2012.

Mexico Payroll Withholding Lending - Crediamigo recorded net revenues of $10.4 million in the quarter, and $27.4 million since the acquisition in late January, with bad debt as a percentage of fees of 1%. As expected, Crediamigo again refinanced portions of its $90 million third party debt at lower rates of interest. The lower interest rates will result in significantly reduced interest expense going forward. The weighted average interest rate on Crediamigo's third party debt is now 11%, compared to 19% before acquisition. Purchase accounting income impact during the quarter totaled $6.7 million, of which $4.0 million was attributable to EZCORP, with the majority of the adjustment coming from the accelerated amortization of debt premium associated with the refinanced debt. When reduced by income taxes and the noncontrolling interest, the net income attributable to EZCORP was $8.2 million for the quarter and $10.1 million during the fiscal year.

U.K. Online Lending - Cash Genie, the Company's U.K online lending business, was profitable for the year as expected. Cash Genie is one of the top 10 largest online lenders in the U.K.

Affiliates - The Company's equity investments in Albemarle & Bond Holdings PLC and Cash Converters International Limited combined generated a 9% and 7% increase, in earnings attributable to EZCORP for the quarter and full fiscal year, respectively, as compared to the prior same periods.



The following information was filed by Ezcorp Inc (EZPW) on Wednesday, November 7, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Ezcorp Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Ezcorp Inc.

Continue

Assess how Ezcorp Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Ezcorp Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2012 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Accounts Payable And Other Accrued Expenses
Accounts Payable And Other Accrued Expenses (details)
Accounts Payable And Other Accrued Expenses (tables)
Acquisitions
Acquisitions (details 1)
Acquisitions (details Textuals)
Acquisitions (details)
Acquisitions (tables)
Allowance For Losses And Credit Quality Of Financing Receivables
Allowance For Losses And Credit Quality Of Financing Receivables (details 1)
Allowance For Losses And Credit Quality Of Financing Receivables (details Textuals)
Allowance For Losses And Credit Quality Of Financing Receivables (details)
Allowance For Losses And Credit Quality Of Financing Receivables (tables)
Common Stock, Options, And Stock Compensation
Common Stock, Options, And Stock Compensation (details 1)
Common Stock, Options, And Stock Compensation (details 2)
Common Stock, Options, And Stock Compensation (details 3)
Common Stock, Options, And Stock Compensation (details Textuals)
Common Stock, Options, And Stock Compensation (details)
Common Stock, Options, And Stock Compensation (tables)
Condensed Consolidating Financial Information
Condensed Consolidating Financial Information (details 1)
Condensed Consolidating Financial Information (details 2)
Condensed Consolidating Financial Information (details 3)
Condensed Consolidating Financial Information (details)
Condensed Consolidating Financial Information (details) (textual)
Condensed Consolidating Financial Information (tables)
Contingencies
Derivative Instruments And Hedging Activities
Derivative Instruments And Hedging Activities (details)
Derivative Instruments And Hedging Activities (tables)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Employment Agreements
Employment Agreements (details Textuals)
Fair Value Measurements
Fair Value Measurements (details)
Fair Value Measurements (tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (details 1)
Goodwill And Other Intangible Assets (details 2)
Goodwill And Other Intangible Assets (details 3)
Goodwill And Other Intangible Assets (details 4)
Goodwill And Other Intangible Assets (details)
Goodwill And Other Intangible Assets (tables)
Income Taxes
Income Taxes (details 1)
Income Taxes (details 2)
Income Taxes (details Textuals)
Income Taxes (details)
Income Taxes (tables)
Leases
Leases (details 1)
Leases (details Textuals)
Leases (details)
Leases (tables)
Long-term Debt And Capital Lease Obligations
Long-term Debt And Capital Lease Obligations (details Textuals)
Long-term Debt And Capital Lease Obligations (details)
Long-term Debt And Capital Lease Obligations (tables)
Operating Segment Information
Operating Segment Information (details 1)
Operating Segment Information (details 2)
Operating Segment Information (details)
Operating Segment Information (tables)
Organization And Summary Of Significant Accounting Policies
Organization And Summary Of Significant Accounting Policies (details Textuals)
Organization And Summary Of Significant Accounting Policies (policies)
Property And Equipment
Property And Equipment (details Textuals)
Property And Equipment (details)
Property And Equipment (tables)
Quarterly Information (unaudited)
Quarterly Information (unaudited) (details)
Quarterly Information (unaudited) (tables)
Redeemable Noncontrolling Interest
Redeemable Noncontrolling Interest (details)
Redeemable Noncontrolling Interest (tables)
Related Party Transactions
Related Party Transactions (details Textuals)
Retirement Plans
Retirement Plans (details 1)
Retirement Plans (details Textuals)
Retirement Plans (details)
Retirement Plans (tables)
Strategic Investments
Strategic Investments (details 1)
Strategic Investments (details 2)
Strategic Investments (details Textuals)
Strategic Investments (details)
Strategic Investments (tables)
Subsequent Events
Subsequent Events (details)
Supplemental Consolidated Financial Information
Supplemental Consolidated Financial Information (details 1)
Supplemental Consolidated Financial Information (details 2)
Supplemental Consolidated Financial Information (details 3)
Supplemental Consolidated Financial Information (details)
Supplemental Consolidated Financial Information (tables)
Ticker: EZPW
CIK: 876523
Form Type: 10-K Annual Report
Accession Number: 0000876523-12-000023
Submitted to the SEC: Tue Nov 20 2012 4:35:08 PM EST
Accepted by the SEC: Tue Nov 20 2012
Period: Sunday, September 30, 2012
Industry: Retail Miscellaneous Retail

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ezpw/0000876523-12-000023.htm