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<PAGE> 1
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1996
-------------------------------------------------------
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
------------------ --------------------
Commission file number 1-9733
A. Full title of the plan and the address of the plan, if different from
that of the issuer name below:
CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
CASH AMERICA INTERNATIONAL, INC.
1600 W. 7th
Fort Worth, TX 76102
<PAGE> 2
INFORMATION FURNISHED
1. Audited financial statements and supplemental schedules of the Cash
America International, Inc. 401(k) Savings Plan (the "Plan").
2. The written consent of the independent accountants for the Plan, filed
as an exhibit to this annual report.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
undersigned member of the Administrative Committee has duly caused this annual
report to be signed on behalf of the Cash America International, Inc. 401(k)
Savings Plan by the undersigned thereunto duly authorized.
CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN
By:/s/ HUGH SIMPSON
---------------------------------
Hugh Simpson
Cash America International, Inc.
401(k) Savings Plan Administrative Committee
Date: July 14, 1997
2
<PAGE> 3
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
FINANCIAL STATEMENTS
AND SUPPLEMENTAL SCHEDULES
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page(s)
-------
<S> <C>
Report of Independent Accountants F-2
Financial Statements:
Statements of Net Assets Available for Benefits
as of December 31, 1996 and 1995 F-3
Statement of Changes in Net Assets Available for Benefits
for the Year Ended December 31, 1996 F-4
Notes to Financial Statements F-5
Supplemental Schedules:
I. Line 27a - Schedule of Assets Held for Investment
Purposes as of December 31, 1996 S1
II. Line 27d - Schedule of Reportable Transactions -
Single Transactions for the Year Ended
December 31, 1996 S2
III. Line 27d - Schedule of Reportable Transactions -
Series of Transactions for the Year Ended
December 31, 1996 S4
</TABLE>
F-1
<PAGE> 4
REPORT OF INDEPENDENT ACCOUNTANTS
To the Plan Administrator of the
Cash America International, Inc.
401(k) Savings Plan
We have audited the accompanying statements of net assets available for
benefits of the Cash America International, Inc. 401(k) Savings Plan (the Plan)
as of December 31, 1996 and 1995, and the related statement of changes in net
assets available for benefits for the year ended December 31, 1996. These
financial statements are the responsibility of the Plan's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Plan as of
December 31, 1996 and 1995, and the changes in its net assets available for
benefits for the year ended December 31, 1996, in conformity with generally
accepted accounting principles.
Our audits are performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The accompanying supplemental schedules
of the Plan are presented for purposes of additional analysis and are not a
required part of the basic financial statements but are supplementary
information required by the Department of Labor's Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security Act of
1974. The supplemental schedules have been subjected to the auditing procedures
applied in the audits of the basic financial statements and, in our opinion,
are fairly stated in all material respects in relation to the basic financial
statements taken as a whole.
COOPERS & LYBRAND L.L.P.
Fort Worth, Texas
July 10, 1997
F-2
<PAGE> 5
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
as of December 31, 1996 and 1995
<TABLE>
<CAPTION>
ASSETS 1996 1995
---------- ----------
<S> <C> <C>
Investments, at fair value:
Equity mutual funds (cost of $1,418,642
and $830,423 for 1996 and 1995,
respectively) $1,482,037 $ 922,692
Fixed income mutual funds (cost of $927,015
and $530,826 for 1996 and 1995,
respectively) 953,576 535,531
Equity securities (cost of $936,952 and
$830,981 for 1996 and 1995,
respectively) 1,142,272 636,919
Participant notes receivable (cost of $148,921
and $90,521 for 1996 and 1995,
respectively) 148,921 90,521
Cash and equivalents (cost of $72,037
for 1996) 72,037
---------- ----------
Total investments 3,798,843 2,185,663
Contributions receivable:
Participants 59,774 26,949
---------- ----------
Total assets 3,858,617 2,212,612
---------- ----------
Net assets available for benefits $3,858,617 $2,212,612
========== ==========
</TABLE>
The accompanying notes are an integral part of the financial statements.
F-3
<PAGE> 6
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS
AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 1996
<TABLE>
<S> <C>
Additions to net assets attributed to:
Dividend income $ 79,615
Interest income 51,626
Net appreciation in fair value of investments 528,605
------------
Net investment income 659,846
Company contributions 305,258
Participant contributions 1,055,371
------------
Total additions 2,020,475
Deductions from net assets attributed to:
Participant withdrawals 374,470
------------
Net increase 1,646,005
Net assets available for benefits,
Beginning of year 2,212,612
------------
End of year $ 3,858,617
============
</TABLE>
The accompanying notes are an integral part of the financial statements.
F-4
<PAGE> 7
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1. DESCRIPTION OF PLAN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
The following brief description of the Cash America International,
Inc. 401(k) Savings Plan (the Plan) is provided as general
information only. Participants should refer to the Plan document for
complete information regarding the Plan's definitions, benefits,
eligibility and other matters.
PLAN AMENDMENT
The Plan was amended effective July 1, 1996. This amendment, among
other changes, generally provides participants additional investment
directions for their contributions, accelerated vesting of Company
contributions, reduced service time for participation, and increased
Company matching percentages. The amendment also renamed the plan from
the "Cash America International, Inc. 401(k) Employees Savings Plan" to
the "Cash America International, Inc. 401(k) Savings Plan."
THE FOLLOWING IS A SUMMARY OF PLAN PROVISIONS EFFECTIVE JULY 1, 1996:
GENERAL
The Plan is a contributory savings plan available to all full-time
employees of Cash America International, Inc. who have completed six
months of service and have reached 21 years of age, and all part-time
employees who have completed one year of service and have reached 21
years of age. Employee contribution to the Plan is voluntary. The
Plan is subject to the provisions of the Employee Retirement Income
Security Act of 1974 (ERISA). The Plan is intended to qualify under
Sections 401(a) and 401(k) of the Internal Revenue Code.
CONTRIBUTIONS
Participants may contribute a percentage of their annual compensation
(up to 15%) to the Plan on a before-tax basis, subject to the Internal
Revenue Service's (IRS) limitations, which are adjusted each year to
take into account any cost of living increase provided for that year.
For 1996 and 1995, the IRS limitation was $9,500 and $9,240,
respectively. Contributions designated by the participant are withheld
by the employer and remitted directly to the trustee.
F-5
<PAGE> 8
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS, CONTINUED
1. DESCRIPTION OF PLAN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,
CONTINUED:
CONTRIBUTIONS, CONTINUED
Company matching contributions are made in cash and are allocated
among a participant's account in the same percentages to which the
employee directs his or her contributions. The Company matches 50% of
a participant's contribution on the first 5% of compensation.
PARTICIPANTS' ACCOUNTS
Each participant's account is credited with his or her contribution
and allocations of (a) the Company's matching and discretionary
contributions and (b) Plan earnings. The benefit to which a
participant is entitled is the benefit that can be provided from the
participant's vested account.
INVESTMENT OPTIONS
A participant may direct contributions in any combination of the
following eight investment options:
o CASH AMERICA INTERNATIONAL, INC. COMMON STOCK FUND - Funds are
invested primarily in shares of Cash America International, Inc.
common stock. The number of participants in this fund as of
December 31, 1996 is 594.
o STABLE VALUE FUND - Funds are invested in high quality,
short-term debt securities such as bank CDs, highly rated
commercial paper, and short-term obligations of, or guaranteed
by, the U.S. or Canadian Governments. The number of participants
in this fund as of December 31, 1996 is 287.
o INTERMEDIATE BOND FUND - Funds are invested primarily in debt
securities, including U.S. Government securities, corporate
bonds, and mortgage-related securities. Funds are also invested
in securities denominated in foreign currencies. The number of
participants in this fund as of December 31, 1996 is 253.
o MIXED INVESTMENT FUND - Funds are invested primarily in common
stock and convertible securities. Funds are also invested in
investment-grade fixed income securities. The number of
participants in this fund as of December 31, 1996 is 404.
o BASIC STOCK FUND - Funds are primarily invested in
income-producing common stocks. Funds are also invested in
fixed-income securities. The number of participants in this fund
as of December 31, 1996 is 405.
F-6
<PAGE> 9
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS, CONTINUED
1. DESCRIPTION OF PLAN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,
CONTINUED:
INVESTMENT OPTIONS, CONTINUED
o GROWTH STOCK FUND - Funds are primarily invested in common
stocks and convertible securities, especially those with prices
deemed below their long-term value. Funds are also invested in
equity or debt securities of foreign companies. The number of
participants in this fund as of December 31, 1996 is 347.
o AGGRESSIVE GROWTH STOCK FUND - Funds are primarily invested
in common stock of small- to medium-size emerging growth
companies. The number of participants in this fund as of December
31, 1996 is 371.
o INTERNATIONAL FUND - Funds are primarily invested in stocks
and debt securities of companies and governments outside the
United States. The number of participants in this fund as of
December 31, 1996 is 144.
The allocation of a participant's contributions among investment funds
is determined by the participant and may be changed at any time.
VESTING
Participants are always 100% vested in their voluntary contributions
plus actual earnings thereon. Vesting in the remainder of their
accounts is based on the number of years of service as follows:
VESTING SCHEDULE
<TABLE>
<CAPTION>
YEARS OF SERVICE VESTING PERCENTAGE
---------------- ------------------
<S> <C>
Less than 1 0%
1 20%
2 40%
3 60%
4 80%
5 or more 100%
</TABLE>
PARTICIPANT NOTES RECEIVABLE
Participants may borrow from their fund accounts a minimum of $500
up to a maximum equal to the lesser of $50,000 or 50 percent of their
vested account balance. Loan transactions are treated as a transfer to
(from) the investment fund from (to) the Participant Notes Receivable
Fund. Loan terms range from one to five years, except for loans funded
for purchase of a principal residence which may be repaid over ten
years.
F-7
<PAGE> 10
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS, CONTINUED
1. DESCRIPTION OF PLAN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,
CONTINUED:
PARTICIPANT NOTES RECEIVABLE, CONTINUED
The loans are collateralized by the balance in the participant's
account and bear interest at 1% above the prime rate as published in
the Wall Street Journal on the first day of the month in which the
loan is funded. Interest rates range from 7.75% to 10.75% for loans
outstanding at December 31, 1996. Principal and interest are paid
ratably through monthly payroll deductions. A loan origination fee of
$50 is assessed to the borrowing participant by the Plan upon funding
of the loan.
PAYMENT OF BENEFITS
The vested portion of a participant's account becomes available upon
termination of employment, retirement, total and permanent disability,
death, upon reaching the age of 59-1/2, or for the purpose of enabling
a participant to meet an eligible hardship. All distributions from
participant accounts must be paid as a lump sum. In the event of death
of the participant, the beneficiary is entitled to receive the lump
sum distribution. Hardship withdrawals are permitted if the
participant meets the eligibility requirements.
FORFEITURES
Forfeitures represent unvested portions of terminated participants'
accounts and are used to partially offset recordkeeping, trustee and
other administrative expenses of the Plan.
BASIS OF ACCOUNTING
The financial statements of the Plan are prepared under the accrual
method of accounting.
INVESTMENT VALUATION AND INCOME RECOGNITION
The Plan's investments in each investment fund are valued at fair
value, using market quotations, where available, and other available
information. Participant notes receivable are valued at original loan
value less principal repayments, which approximates fair value. The
Plan presents, in the statement of changes in net assets available for
benefits, the net appreciation (depreciation) in fair value of
investments, which consists of the realized
F-8
<PAGE> 11
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS, CONTINUED
1. DESCRIPTION OF PLAN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,
CONTINUED:
INVESTMENT VALUATION AND INCOME RECOGNITION, CONTINUED
gains or losses and the unrealized appreciation (depreciation) on
investments. Purchases and sales of securities are recorded on a
trade-date basis. Interest income is recorded on the accrual basis.
Dividends are recorded on the ex-dividend date.
PARTICIPANT WITHDRAWALS
Participant withdrawals are recorded when paid for financial statement
purposes. For Form 5500 reporting purposes, participant withdrawals
are recorded when processed and approved for payment.
PLAN ADMINISTRATION
Expenses related to the Plan are borne by four sources: 1) loan
origination fees, 2) forfeitures, 3) the Company and 4) participants.
USE OF ESTIMATES
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the
date of the financial statements and the reported amounts of changes
in net assets available for benefits during the reporting period.
Actual results could differ from those estimates.
PRIOR TO THE JULY 1, 1996 AMENDMENT, THE PROVISIONS OF THE PLAN
OPERATED AS PREVIOUSLY DESCRIBED, WITH THE FOLLOWING EXCEPTIONS:
PLAN PARTICIPATION
Participation in the Plan required employees of the Company to have
completed one year of service.
F-9
<PAGE> 12
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS, CONTINUED
1. DESCRIPTION OF PLAN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,
CONTINUED:
CONTRIBUTIONS
Matching contributions were made in the Company's common stock. The
Company matched 50% of a participant's contribution on the first 2
1/2% of compensation and 25% of a participant's contribution on the
second 2 1/2% of compensation.
INVESTMENT OPTIONS
Participants could direct their salary deferrals in any of the
following five investment options:
o PRIME MONEY MARKET FUND - Funds were invested in a variety of
money market securities. The Fund included both corporate
notes and securities issued or backed by the U.S. Government
or its agencies.
o ASSET ALLOCATION FUND - Funds were invested in a blend
between stocks, bonds and cash equivalents.
o LIMITED VOLATILITY BOND FUND - Funds were invested primarily
in a variety of securities backed by the U.S. Government or
its agencies such as U.S. Treasury obligations. Other
securities held by the Fund included corporate securities
with credit quality ratings of at least "A" by Moody's or
Standard & Poor's Corporation.
o DISCIPLINED VALUE EQUITY FUND - Funds were invested in equity
securities of small to mid-sized companies.
o CASH AMERICA INTERNATIONAL, INC. COMMON STOCK FUND - Funds
were invested primarily in shares of the Company's common
stock.
The allocation of a participant's contributions among investment funds
could be changed quarterly.
F-10
<PAGE> 13
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS, CONTINUED
1. DESCRIPTION OF PLAN AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,
CONTINUED:
VESTING
The vesting schedule for the balance in a participant's account beyond
voluntary contributions and actual earnings thereon was as follows:
VESTING SCHEDULE
<TABLE>
<CAPTION>
YEARS OF SERVICE VESTING PERCENTAGE
---------------- ------------------
<S> <C>
Less than 2 0%
2 25%
3 50%
4 75%
5 or more 100%
</TABLE>
PARTICIPANT NOTES RECEIVABLE
The maximum loan was $10,000 or 50% of the vested account balance and
all loans bore interest at a rate commensurate with local prevailing
rates as determined quarterly by the Plan administrator.
PLAN ADMINISTRATION
Expenses related to the Plan associated with conducting the affairs of
the Plan were paid by the Company.
FORFEITURES
Forfeitures were allocated to the accounts of remaining participants
during the period of forfeiture in the same fashion as the allocation
of Company contributions.
F-11
<PAGE> 14
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS, CONTINUED
2. INVESTMENTS IN EXCESS OF 5% OF NET ASSETS AVAILABLE FOR BENEFITS:
Investments that comprised 5% or more of the net assets available for
benefits at December 31, 1996 and 1995, were as follows:
<TABLE>
<CAPTION>
1996 1995
------------ ------------
<S> <C> <C>
Mutual funds:
AIM Equity Constellation Retail $ 429,887
Dodge & Cox Balanced 441,707
Harris Associates Investment Trust Oakmark 291,440
Schwab Retirement Money 324,389
T. Rowe Price Equity Income 686,462
One Group Prime Money Market $ 360,084
One Group Asset Allocation 244,734
One Group Limited Volatility Bond 175,447
One Group Disciplined Growth 677,958
Equity securities:
Cash America International, Inc. common stock 1,142,272 636,919
</TABLE>
These investments are subject to future changes in market prices that
may make these financial instruments less valuable and result in a
loss.
During 1996, net appreciation of the Plan's investments was as follows:
<TABLE>
<S> <C>
Fixed income mutual funds $ 33,302
Equity mutual funds 375,961
Equity securities 119,342
-----------
Net appreciation $ 528,605
===========
</TABLE>
3. PLAN TERMINATION
The Plan has been established with the intention that it will continue
and be a permanent plan. However, the Plan may be terminated by
resolution of the Company's Board of Directors at any time, subject to
the provisions of ERISA. In the event the Plan terminates, the
participants will become 100% vested in their accounts.
F-12
<PAGE> 15
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS, CONTINUED
4. PARTY-IN-INTEREST TRANSACTIONS:
The Company's contributions prior to July 1, 1996 were made in the
form of Company stock.
Certain plan investments are shares of mutual funds managed by Charles
Schwab Trust Company and Bank One Texas, N.A. or their affiliates.
These institutions serve as trustees to the Plan and, therefore,
qualify as party-in-interest transactions.
5. FEDERAL INCOME TAX STATUS:
The Plan was based on a prototype plan developed by the trustee which
received its opinion letter on March 16, 1995, in which the Internal
Revenue Service stated that the prototype plan was in compliance with
the applicable requirements of the Internal Revenue Code. The Plan has
been amended from the prototype plan; however, the plan administrator
believes that the Plan as designed and operated is in compliance with
the applicable requirements of the Internal Revenue Code, therefore,
the financial statements of the Plan do not have a provision for
federal income taxes. The Company is in the process of submitting the
plan for specific determination by the Internal Revenue Service.
6. FINANCIAL INFORMATION BY INVESTMENT OPTION:
The following presents the net assets available for benefits as of
December 31, 1996 and 1995 and the changes in net assets available for
benefits for the year ended December 31, 1996 by investment option:
F-13
<PAGE> 16
6. FINANCIAL INFORMATION BY INVESTMENT OPTION (CONTINUED):
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 1996
<TABLE>
<CAPTION>
PARTICIPANT DIRECTED FUNDS
----------------------------------------------------------------
CASH AMERICA
INTERNATIONAL,
INC. STABLE INTERMEDIATE MIXED BASIC
COMMON STOCK VALUE BOND INVESTMENT STOCK
------------ ----------- ---------- ------------ -----------
<S> <C> <C> <C> <C> <C>
Investments at fair value:
Equity mutual funds $ 686,462
Fixed income mutual funds $ 324,389 $ 187,480 $ 441,707
Equity securities $1,142,272
Participant notes receivable
Cash and equivalents 9,165 7,899 4,156 12,054 9,645
---------- ---------- ---------- ---------- ----------
Total investments 1,151,437 332,288 191,636 453,761 696,107
Contributions receivable
Participants 5,463 1,742 11,302 14,537
Total assets 1,151,437 337,751 193,378 465,063 710,644
---------- ---------- ---------- ---------- ----------
Net assets available for benefits $1,151,437 $ 337,751 $ 193,378 $ 465,063 $ 710,644
========== ========== ========== ========== ==========
<CAPTION>
PARTICIPANT DIRECTED FUNDS
-----------------------------------------------------
AGGRESSIVE PARTICIPANT
GROWTH GROWTH NOTES
STOCK STOCK INTERNATIONAL RECEIVABLE TOTAL
---------- ---------- ------------- ------------- ----------
<S> <C> <C> <C> <C>
Investments at fair value:
Equity mutual funds $ 291,440 $ 429,887 $ 74,248 $1,482,037
Fixed income mutual funds 953,576
Equity securities 1,142,272
Participant notes receivable $ 148,921 148,921
Cash and equivalents 9,729 16,283 3,106 72,037
---------- ---------- ---------- ---------- ----------
Total investments 301,169 446,170 77,354 148,921 3,798,843
Contributions receivable
Participants 14,715 6,052 5,963 59,774
Total assets 315,884 452,222 83,317 148,921 3,858,617
---------- ---------- ---------- ---------- ----------
Net assets available for benefits $ 315,884 $ 452,222 $ 83,317 $ 148,921 $3,858,617
========== ========== ========== ========== ==========
</TABLE>
F-14
<PAGE> 17
6. FINANCIAL INFORMATION BY INVESTMENT OPTION (CONTINUED):
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 1995
<TABLE>
<CAPTION>
PARTICIPANT DIRECTED FUNDS
---------------------------------------------------------------------------------
CASH AMERICA
PRIME LIMITED DISCIPLINED INTERNATIONAL, PARTICIPANT
MONEY ASSET VOLATILITY VALUE INC. COMMON NOTES
MARKET ALLOCATION BOND EQUITY STOCK RECEIVABLE TOTAL
----------- ----------- ----------- ----------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
Investments at fair value:
Equity mutual funds $ 244,734 $ 677,958 $ 922,692
Fixed income mutual funds $ 360,084 $ 175,447 535,531
Equity securities $ 636,919 636,919
Participant notes receivable $ 90,521 90,521
----------- ----------- ----------- ----------- ----------- ----------- -----------
Total investments 360,084 244,734 175,447 677,958 636,919 90,521 2,185,663
Contributions receivable:
Participants 4,296 3,822 2,209 9,218 7,404 26,949
----------- ----------- ----------- ----------- ----------- ----------- -----------
Total assets 364,380 248,556 177,656 687,176 644,323 90,521 2,212,612
----------- ----------- ----------- ----------- ----------- ----------- -----------
Net assets available for benefits $ 364,380 $ 248,556 $ 177,656 $ 687,176 $ 644,323 $ 90,521 $ 2,212,612
=========== =========== =========== =========== =========== =========== ===========
</TABLE>
F-15
<PAGE> 18
6. Financial Information by Investment Option (continued):
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
for the year ended December 31, 1996
<TABLE>
<CAPTION> CASH AMERICA
PRIME LIMITED DISCIPLINED INTERNATIONAL,
MONEY ASSET VOLATILITY VALUE INC., COMMON
MARKET ALLOCATION BOND EQUITY STOCK
----------- ----------- ------------ ----------- -------------
<S> <C> <C> <C> <C> <C>
Additions to net assets attributed to:
Dividend income $ 3,086 $ 5,016 $ 6,551
Interest income $ 8,615 $ 3,949
Net appreciation (depreciation) in
fair value of investments 7,625 (3,984) 39,268 375,961
Company contributions 137,473
Participant contributions 49,687 52,163 25,306 124,546 162,335
----------- ----------- ----------- ----------- -----------
Total additions 58,302 62,874 25,271 168,830 682,320
Deductions from net assets attributed to:
Participant withdrawals 15,374 16,929 4,733 45,247 133,516
----------- ----------- ----------- ----------- -----------
Net increase (decrease) before transfers 42,928 45,945 20,538 123,583 548,804
Transfers among funds, net (407,308) (294,501) (198,194) (810,759) (41,690)
----------- ----------- ----------- ----------- -----------
Net increase (decrease) (364,380) (248,556) (177,656) (687,176) 507,114
Net assets available for benefits,
Beginning of year 364,380 248,556 177,656 687,176 644,323
----------- ----------- ----------- ----------- -----------
End of year $ 0 $ 0 $ 0 $ 0 $ 1,151,437
=========== =========== =========== =========== ===========
<CAPTION>
STABLE INTERMEDIATE MIXED BASIC GROWTH
VALUE BOND INVESTMENT STOCK STOCK
--------- --------- ---------- --------- --------
<S> <C> <C> <C> <C> <C>
Additions to net assets attributed to:
Dividend income $ 30,084 $ 18,241
Interest income $ 10,112 $ 8,402 $ 10,903
Net appreciation (depreciation) in
fair value of investments 13,340 23,946 39,477 10,214
Company contributions 22,199 12,142 28,931 28,769 27,455
Participant contributions 64,805 37,901 110,507 122,386 119,648
-------- -------- -------- -------- --------
Total additions 97,116 71,785 174,287 220,716 175,558
Deductions from net assets attributed to:
Participant withdrawals 22,256 18,446 28,523 52,939 9,462
-------- -------- -------- -------- --------
Net increase (decrease) before transfers 74,860 53,339 145,764 167,777 166,096
Transfers among funds, net 262,891 140,039 319,299 542,867 149,788
-------- -------- -------- -------- --------
Net increase (decrease) 337,751 193,378 465,063 710,644 315,884
Net assets available for benefits,
Beginning of year
-------- -------- -------- -------- --------
End of year $337,751 $193,378 $465,063 $710,644 $315,884
======== ======== ======== ======== ========
<CAPTION>
AGGRESSIVE PARTICIPANT
GROWTH INTERNATIONAL NOTES
STOCK FUND RECEIVABLE TOTAL
----------- ------------ ----------- ------------
<S> <C> <C> <C> <C>
Additions to net assets attributed to:
Dividend income $ 13,969 $ 2,668 $ 79,615
Interest income $ 9,645 51,626
Net appreciation (depreciation) in
fair value of investments 19,323 3,435 528,605
Company contributions 40,201 8,088 305,258
Participant contributions 153,172 32,915 1,055,371
----------- ----------- ----------- -----------
Total additions 226,665 47,106 9,645 2,020,475
Deductions from net assets attributed to:
Participant withdrawals 11,110 1,729 14,206 374,470
----------- ----------- ----------- -----------
Net increase (decrease) before transfers 215,555 45,377 (4,561) 1,646,005
Transfers among funds, net 236,667 37,940 62,961
----------- ----------- ----------- -----------
Net increase (decrease) 452,222 83,317 58,400 1,646,005
Net assets available for benefits,
Beginning of year 90,521 2,212,612
----------- ----------- ----------- -----------
End of year $ 452,222 $ 83,317 $ 148,921 $ 3,858,617
=========== =========== =========== ===========
</TABLE>
F-16
<PAGE> 19
SUPPLEMENTAL SCHEDULES
<PAGE> 20
SCHEDULE I
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
LINE 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1996
<TABLE>
<CAPTION>
SHARES COST VALUE FAIR VALUE
---------- ---------- ----------
<S> <C> <C> <C>
*AIM Equity Constellation Retail Mutual Funds 17,018 $ 412,909 $ 429,887
*Dodge & Cox Balanced Mutual Funds 7,384 420,041 441,707
*Harris Associates Investment Trust Oakmark
Mutual Funds 9,009 283,083 291,440
*Pimco Total Return Institutional Class Mutual Funds 17,855 182,585 187,480
*Schwab Retirement Money Mutual Funds 324,389 324,389 324,389
*T. Rowe Price Equity Income Mutual Funds 30,455 651,620 686,462
*Templeton Foreign Mutual Funds 7,167 71,030 74,248
*Cash and equivalents 72,037 72,037
*Cash America International, Inc. common stock 134,385 936,952 1,142,272
Participant Notes Receivable at 7.75% to 10.75% 148,921 148,921
---------- ----------
$3,503,567 $3,798,843
========== ==========
</TABLE>
* Denotes an investment held by an entity known to be a party-in-interest to the
Plan.
S-1
<PAGE> 21
SCHEDULE II
CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN
LINE 27d - SCHEDULE OF REPORTABLE TRANSACTIONS -
SINGLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1996
<TABLE>
<CAPTION>
EXPENSE
INCURRED
PURCHASE SELLING WITH
IDENTITY OF PARTY INVOLVED DESCRIPTION OF ASSETS PRICE PRICE TRANSACTION
- ---------------------------- --------------------------------------------------- ------------- -------------- ---------------
<S> <C> <C> <C> <C>
Bank One, Texas, N.A. The One Group Disciplined Growth Mutual Funds
Sale of 53,969 shares $ 785,782
Bank One, Texas, N.A. The One Group Asset Allocation Mutual Funds
Sale of 23,791 shares 277,876
Bank One, Texas, N.A. One Group Limited Volatility Bond Mutual Funds
Sale of 17,869 shares 185,659
Bank One, Texas, N.A. One Group Prime Money Market Mutual Funds
Purchase of 381,536 shares $ 381,536
Purchase of 785,782 shares 785,782
Purchase of 185,659 shares 185,659
Purchase of 277,876 shares 277,876
Sale of 381,536 shares 381,536
Sale of 1,725,485 shares 1,725,485
Charles Schwab Trust AIM Equity Constellation Retail Mutual Funds
Company Purchase of 9,712 shares 226,290
<CAPTION>
CURRENT VALUE
OF ASSET ON
COST OF TRANSACTION NET GAIN
IDENTITY OF PARTY INVOLVED DESCRIPTION OF ASSETS ASSET DATE OR (LOSS)
- -------------------------- --------------------------------------------------- -------------- ----------------- --------------
<S> <C> <C> <C> <C>
Bank One, Texas, N.A. The One Group Disciplined Growth Mutual Funds
Sale of 53,969 shares $ 772,622 $ 13,160
Bank One, Texas, N.A. The One Group Asset Allocation Mutual Funds
Sale of 23,791 shares 241,007 36,869
Bank One, Texas, N.A. One Group Limited Volatility Bond Mutual Funds
Sale of 17,869 shares 177,516 8,143
Bank One, Texas, N.A. One Group Prime Money Market Mutual Funds
Purchase of 381,536 shares $ 381,536
Purchase of 785,782 shares 785,782
Purchase of 185,659 shares 185,659
Purchase of 277,876 shares 277,876
Sale of 381,536 shares 381,536
Sale of 1,725,485 shares 1,725,485
Charles Schwab Trust AIM Equity Constellation Retail Mutual Funds
Company Purchase of 9,712 shares 226,290
</TABLE>
CONTINUED
S-2
<PAGE> 22
SCHEDULE II
CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN
LINE 27d - SUPPLEMENTAL SCHEDULE OF REPORTABLE TRANSACTIONS -
SINGLE TRANSACTIONS, CONTINUED
FOR THE YEAR ENDED DECEMBER 31, 1996
<TABLE>
<CAPTION>
EXPENSE
INCURRED
PURCHASE SELLING WITH
IDENTITY OF PARTY INVOLVED DESCRIPTION OF ASSETS PRICE PRICE TRANSACTION
- ------------------------------------- ------------------------------------------------------ ----------------------- ------------
<S> <C> <C> <C> <C>
Charles Schwab Trust Company Dodge & Cox Balanced Mutual Funds
Purchase of 3,372 shares $190,392
Purchase of 2,392 shares 133,043
Charles Schwab Trust Company Harris Associates Investment Trust Oakmark
Mutual Funds
Purchase of 4,947 shares 150,782
Charles Schwab Trust Company Pimco Total Return Institutional Class
Mutual Funds Purchase of 82,200 shares 835,975
Sale of 68,003 shares $699,071
Charles Schwab Trust Company Schwab Retirement Money Mutual Funds
Purchase of 294,535 shares 294,535
Charles Schwab Trust Company T. Rowe Price Equity Income Mutual Funds
Purchase of 18,995 shares 404,583
Purchase of 8,810 shares 183,429
<CAPTION>
CURRENT VALUE
OF ASSET ON
COST OF TRANSACTION NET GAIN
IDENTITY OF PARTY INVOLVED DESCRIPTION OF ASSETS ASSET DATE OR (LOSS)
- ------------------------------------- ---------------------------------------------- -------- ----------------- -----------
<S> <C> <C> <C> <C>
Charles Schwab Trust Company Dodge & Cox Balanced Mutual Funds
Purchase of 3,372 shares $190,392
Purchase of 2,392 shares 133,043
Charles Schwab Trust Company Harris Associates Investment Trust Oakmark
Mutual Funds
Purchase of 4,947 shares 150,782
Charles Schwab Trust Company Pimco Total Return Institutional Class
Mutual Funds Purchase of 82,200 shares 835,975
Sale of 68,003 shares $691,628 $7,443
Charles Schwab Trust Company Schwab Retirement Money Mutual Funds
Purchase of 294,535 shares 294,535
Charles Schwab Trust Company T. Rowe Price Equity Income Mutual Funds
Purchase of 18,995 shares 404,583
Purchase of 8,810 shares 183,429
</TABLE>
S-3
<PAGE> 23
SCHEDULE III
CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN
LINE 27d - SUPPLEMENTAL SCHEDULE OF REPORTABLE TRANSACTIONS -
SERIES OF TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1996
<TABLE>
<CAPTION>
EXPENSE
INCURRED
PURCHASE SELLING WITH
IDENTITY OF PARTY INVOLVED DESCRIPTION OF ASSETS PRICE PRICE TRANSACTION
- ---------------------------- ---------------------------------------------- --------------- -------------- ---------------
<S> <C> <C> <C>
Bank One, Texas, N.A. The One Group Disciplined Growth Mutual Funds
9 purchases $ 126,544
4 sales $ 843,770
Bank One, Texas, N.A. The One Group Asset Allocation Mutual Funds
9 purchases 17,941
4 sales 269,850
Bank One, Texas, N.A. One Group Limited Volatility Bond Mutual Funds
9 purchases 7,580
3 sales 179,043
Bank One, Texas, N.A. One Group Prime Money Market Mutual Funds
32 purchases 2,077,423
10 sales 2,437,507
Bank One, Texas, N.A. Cash America International, Inc. Common Stock
3 purchases 85,170
Charles Schwab Trust Cash America International, Inc. Common Stock
Company 39 purchases 146,520
37 sales 317,976
<CAPTION>
CURRENT VALUE
OF ASSET ON
COST OF TRANSACTION NET GAIN
IDENTITY OF PARTY INVOLVED DESCRIPTION OF ASSETS ASSET DATE OR (LOSS)
- ---------------------------- ---------------------------------------------- --------------- ----------------- --------------
<S> <C> <C> <C> <C>
Bank One, Texas, N.A. The One Group Disciplined Growth Mutual Funds
9 purchases $ 126,544
4 sales $ 739,833 843,770 $103,937
Bank One, Texas, N.A. The One Group Asset Allocation Mutual Funds
9 purchases 17,941
4 sales 234,625 269,850 35,225
Bank One, Texas, N.A. One Group Limited Volatility Bond Mutual Funds
9 purchases 7,580
3 sales 178,322 179,043 721
Bank One, Texas, N.A. One Group Prime Money Market Mutual Funds
32 purchases 2,077,423
10 sales 2,437,507 2,437,507
Bank One, Texas, N.A. Cash America International, Inc. Common Stock
3 purchases 85,170
Charles Schwab Trust Cash America International, Inc. Common Stock
Company 39 purchases 146,520
37 sales 294,555 317,976 23,421
</TABLE>
CONTINUED
S-4
<PAGE> 24
SCHEDULE III
CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN
LINE 27d - SUPPLEMENTAL SCHEDULE OF REPORTABLE TRANSACTIONS -
SERIES OF TRANSACTIONS, CONTINUED
FOR THE YEAR ENDED DECEMBER 31, 1996
<TABLE>
<CAPTION>
EXPENSE
INCURRED
PURCHASE SELLING WITH
IDENTITY OF PARTY INVOLVED DESCRIPTION OF ASSETS PRICE PRICE TRANSACTION
- ------------------------------- ---------------------------------------------- ---------- --------- --------------
<S> <C> <C> <C> <C>
Charles Schwab Trust Company AIM Equity Constellation Retail Mutual Funds
80 purchases $ 434,951
41 sales $ 24,388
Charles Schwab Trust Company Dodge & Cox Balanced Mutual Funds
86 purchases 472,131
59 sales 54,370
Charles Schwab Trust Company Harris Associates Investment Trust Oakmark
Mutual Funds
77 purchases 305,180
48 sales 23,954
Charles Schwab Trust Company Pimco Total Return Institutional Class
Mutual Funds
69 purchases 910,686
39 sales 736,546
Charles Schwab Trust Company Schwab Retirement Money Mutual Funds
84 purchases 402,876
51 sales 78,487
Charles Schwab Trust Company T. Rowe Price Equity Income Mutual Funds
86 purchases 762,654
66 sales 115,669
<CAPTION>
CURRENT VALUE
OF ASSET ON
COST OF TRANSACTION NET GAIN
IDENTITY OF PARTY INVOLVED DESCRIPTION OF ASSETS ASSET DATE OR (LOSS)
- ------------------------------ ---------------------------------------------- -------------- --------------- -------------
<S> <C> <C> <C> <C>
Charles Schwab Trust Company AIM Equity Constellation Retail Mutual Funds
80 purchases $ 434,951
41 sales $ 22,042 24,388 $ 2,346
Charles Schwab Trust Company Dodge & Cox Balanced Mutual Funds
86 purchases 472,131
59 sales 52,090 54,370 2,280
Charles Schwab Trust Company Harris Associates Investment Trust Oakmark
Mutual Funds
77 purchases 305,180
48 sales 22,097 23,954 1,857
Charles Schwab Trust Company Pimco Total Return Institutional Class
Mutual Funds 910,686
69 purchases 728,101 736,546 8,445
39 sales
Charles Schwab Trust Company
Schwab Retirement Money Mutual Funds 402,876
84 purchases 78,487 78,487
51 sales
Charles Schwab Trust Company
T. Rowe Price Equity Income Mutual Funds 762,654
86 purchases
66 sales 111,034 115,669 4,635
</TABLE>
S-5
<PAGE> 25
Exhibits
Table of Contents
<TABLE>
<CAPTION>
Exhibits No.
- ------------
<S> <C>
23 Consent of Independent Accountants.
</TABLE>
<PAGE> 1
EXHIBIT 23
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Registration Statement of
Cash America International, Inc. on Form S-8 (File No. 33-59733), of our report
dated July 10, 1997, on our audit of the financial statements of the Cash
America International, Inc. 401(k) Savings Plan as of December 31, 1996 and
1995 and for the year ended December 31, 1996, which report is included in this
Annual Report on Form 11-K.
COOPERS & LYBRAND L.L.P.
Fort Worth, Texas
July 14, 1997
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