<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, 1997
-------------------------------------------------------
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: June 30, 1998
ii
<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 2
Financial Statements:
Statements of Net Assets Available for Benefits
as of December 31, 1997 and 1996 3
Statement of Changes in Net Assets Available for Benefits
for the Year Ended December 31, 1997 4
Notes to Financial Statements 5 - 15
Supplemental Schedules:
I. Line 27a - Schedule of Assets Held for Investment
Purposes as of December 31, 1997 16
II. Line 27d - Schedule of Reportable Transactions -
Single Transactions for the Year Ended
December 31, 1997 17 - 18
</TABLE>
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, 1997 and 1996, and the related statement of changes in net assets
available for benefits for the year ended December 31, 1997. 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, 1997 and 1996, and the changes in its net assets available for
benefits for the year ended December 31, 1997, 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.
/s/ COOPERS & LYBRAND, LLP
- ------------------------------
COOPERS & LYBRAND, LLP
Fort Worth, Texas
May 22, 1998
2
<PAGE> 5
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 1997 AND 1996
<TABLE>
<CAPTION>
ASSETS 1997 1996
-------------- --------------
<S> <C> <C>
Investments, at fair value:
Equity mutual funds (cost of $2,663,211 and
$1,418,642 for 1997 and 1996, respectively) $ 2,886,306 $ 1,482,037
Fixed income mutual funds (cost of $1,247,530
and $927,015 for 1997 and 1996, respectively) 1,306,229 953,576
Equity securities (cost of $1,454,289 and
$936,952 for 1997 and 1996, respectively) 2,207,857 1,142,272
Participant notes receivable (cost of $361,984
and $148,921 for 1997 and 1996, respectively) 361,984 148,921
Cash and equivalents (cost of $70,107 and
$72,037 for 1997 and 1996, respectively) 70,107 72,037
-------------- --------------
Total investments 6,832,483 3,798,843
Contributions receivable:
Participants 132,779 59,774
Company 29,300
-------------- --------------
Total assets 6,994,562 3,858,617
-------------- --------------
Net assets available for benefits $ 6,994,562 $ 3,858,617
============== ==============
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
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, 1997
<TABLE>
<S> <C>
Additions to net assets attributed to:
Dividend income $ 312,942
Interest income 27,791
Net appreciation in fair value of investments 892,432
----------
Net investment income 1,233,165
Contributions:
Company 444,431
Participants 2,012,101
----------
Total additions 3,689,697
----------
Deductions from net assets attributed to:
Participants' withdrawals 509,209
Administrative expenses 44,543
----------
Total deductions 553,752
----------
Net increase 3,135,945
Net assets available for benefits,
Beginning of year 3,858,617
----------
End of year $6,994,562
==========
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE FINANCIAL STATEMENTS.
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".
GENERAL
The Plan is a contributory savings plan available to all full-time
employees of Cash America International, Inc. (the Company) 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.
Prior to July 1, 1996, an employee must have completed one year of
service to be eligible to participate in the Plan.
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 1997 and 1996, the IRS limitation was $9,500. Contributions
designated by the participant are withheld by the employer and remitted
directly to the trustee.
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.
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
Prior to July 1, 1996, 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.
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, 1997 is 612.
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, 1997 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, 1997 is 245.
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, 1997 is 434.
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 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, 1997 is 426.
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, 1997 is 431.
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, 1997
is 430.
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, 1997 is 180.
The allocation of a participant's contributions among investment funds
is determined by the participant and may be changed at any time.
Prior to July 1, 1996, participants could direct their salary deferral
to the following five investment options: Prime Money Market Fund,
Asset Allocation Fund, Limited Volatility Bond Fund, Disciplined Value
Equity Fund and the Cash America International, Inc. Common Stock Fund.
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:
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>
SUBSEQUENT TO PRIOR TO
JULY 1, 1996 JULY 1, 1996
YEARS OF SERVICE VESTING PERCENTAGE VESTING PERCENTAGE
--------------------- ----------------------- ------------------------
<S> <C> <C>
Less than 1 0% 0%
1 20% 0%
2 40% 25%
3 60% 50%
4 80% 75%
5 or more 100% 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. Prior to July 1, 1996, the maximum loan was equal to the lesser
of $10,000 or 50% of the vested account balance and the interest rate
was redetermined quarterly.
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 9.5% for loans
outstanding at December 31, 1997. 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.
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:
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 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.
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:
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.
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, 1997 and 1996, were as follows:
<TABLE>
<CAPTION>
1997 1996
---------- ----------
Mutual funds:
<S> <C> <C>
AIM Equity Constellation Retail $ 791,270 $ 429,887
Dodge & Cox Balanced 657,562 441,707
Harris Associates Investment Trust Oakmark 823,135 291,440
Schwab Retirement Money 443,187 324,389
T. Rowe Price Equity Income 1,090,856 686,462
Equity securities:
Cash America International, Inc. common stock 2,207,857 1,142,272
</TABLE>
These investments are subject to future changes in market prices that
may make these financial instruments less valuable and result in a
loss.
10
<PAGE> 13
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,
CONTINUED:
During 1997, net appreciation of the Plan's investments was as follows:
<TABLE>
<S> <C>
Fixed income mutual funds $ 53,258
Equity mutual funds 214,860
Equity securities 624,314
--------
Net appreciation $892,432
========
</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.
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 or their affiliates. This institution serves as
trustee 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 process of submitting the Plan
for specific determination by the Internal Revenue Service.
11
<PAGE> 14
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS, CONTINUED
6. FINANCIAL INFORMATION BY INVESTMENT OPTION:
The following presents the net assets available for benefits as of
December 31, 1997 and 1996 and the changes in net assets available for
benefits for the year ended December 31, 1997 by investment option:
12
<PAGE> 15
6. FINANCIAL INFORMATION BY INVESTMENT OPTION (CONTINUED):
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
as of December 31, 1997
<TABLE>
<CAPTION>
Participant Directed Funds
-----------------------------------------------------------------------------------------
CASH AMERICA
INTERNATIONAL,
INC. STABLE INTERMEDIATE MIXED
COMMON STOCK VALUE BOND INVESTMENT
----------------------- ----------------- ------------------- -----------------
<S> <C> <C> <C> <C>
Investments at fair value:
Equity mutual funds
Fixed income mutual funds $ 443,187 $ 205,480 $ 657,562
Equity securities $ 2,207,857
Participant notes receivable
Cash and equivalents 10,979 4,673 4,191 10,296
----------------------- ----------------- ------------------- -----------------
Total investments 2,218,836 447,860 209,671 667,858
----------------------- ----------------- ------------------- -----------------
Contributions receivable:
Participants 11,950 3,983 25,228
Company 2,639 879 5,566
----------------------- ----------------- ------------------- -----------------
Total contributions receivable 14,589 4,862 30,794
----------------------- ----------------- ------------------- -----------------
Net assets available for benefits $ 2,218,836 $ 462,449 $ 214,533 $ 698,652
======================= ================= =================== =================
<CAPTION>
Participant Directed Funds
-----------------------------------------------------------------------------------------
Aggressive
Basic Growth Growth
Stock Stock Stock International
------------------- ----------------- ------------------ -------------------
<S> <C> <C> <C> <C>
Investments at fair value:
Equity mutual funds $ 1,090,856 $ 823,135 $ 791,270 $ 181,045
Fixed income mutual funds
Equity securities
Participant notes receivable
Cash and equivalents 9,483 13,418 13,971 3,096
------------------- ----------------- ------------------ -------------------
Total investments 1,100,339 836,553 805,241 184,141
------------------- ----------------- ------------------ -------------------
Contributions receivable:
Participants 31,867 33,195 13,278 13,278
Company 7,031 7,325 2,930 2,930
------------------- ----------------- ------------------ -------------------
Total contributions receivable 38,898 40,520 16,208 16,208
------------------- ----------------- ------------------ -------------------
Net assets available for benefits $ 1,139,237 $ 877,073 $ 821,449 $ 200,349
=================== ================= ================== ===================
<CAPTION>
Participant Directed
Funds
-----------------------
Participant
Notes
Receivable Total
------------------ -------------------
<S> <C> <C>
Investments at fair value:
Equity mutual funds $ 2,886,306
Fixed income mutual funds 1,306,229
Equity securities 2,207,857
Participant notes receivable $ 361,984 361,984
Cash and equivalents 70,107
------------------ -------------------
Total investments 361,984 6,832,483
------------------ -------------------
Contributions receivable:
Participants 132,779
Company 29,300
------------------ -------------------
Total contributions receivable 162,079
------------------ -------------------
Net assets available for benefits $ 361,984 $ 6,994,562
================== ===================
</TABLE>
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
COMMON STOCK VALUE BOND INVESTMENT
----------------------- --------------- ------------------ ---------------
<S> <C> <C> <C> <C>
Investments at fair value:
Equity mutual funds
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
----------------------- --------------- ------------------ ---------------
Total investments 1,151,437 332,288 191,636 453,761
Contributions receivable
Participants 5,463 1,742 11,302
----------------------- --------------- ------------------ ---------------
Total assets 1,151,437 337,751 193,378 465,063
----------------------- --------------- ------------------ ---------------
Net assets available for benefits $ 1,151,437 $ 337,751 $ 193,378 $ 465,063
======================= =============== ================== ===============
<CAPTION>
Participant Directed Funds
--------------------------------------------------------------------------------
Aggressive
Basic Growth Growth
Stock Stock Stock International
--------------- --------------- ------------------- -------------------
<S> <C> <C> <C> <C>
Investments at fair value:
Equity mutual funds $ 686,462 $ 291,440 $ 429,887 $ 74,248
Fixed income mutual funds
Equity securities
Participant notes receivable
Cash and equivalents 9,645 9,729 16,283 3,106
--------------- --------------- ------------------- -------------------
Total investments 696,107 301,169 446,170 77,354
Contributions receivable
Participants 14,537 14,715 6,052 5,963
--------------- --------------- ------------------- -------------------
Total assets 710,644 315,884 452,222 83,317
--------------- --------------- ------------------- -------------------
Net assets available for benefits $ 710,644 $ 315,884 $ 452,222 $ 83,317
=============== =============== =================== ===================
<CAPTION>
Participant Directed
Funds
---------------------
Participant
Notes
Receivable Total
----------------- -----------------
<S> <C> <C>
Investments at fair value:
Equity mutual funds $ 1,482,037
Fixed income mutual funds 953,576
Equity securities 1,142,272
Participant notes receivable $ 148,921 148,921
Cash and equivalents 72,037
----------------- -----------------
Total investments 148,921 3,798,843
Contributions receivable
Participants 59,774
----------------- -----------------
Total assets 148,921 3,858,617
----------------- -----------------
Net assets available for benefits $ 148,921 $ 3,858,617
================= =================
</TABLE>
14
<PAGE> 17
6. FINANCIAL INFORMATION BY INVESTMENT OPTION (CONTINUED):
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 1997
<TABLE>
<CAPTION>
PARTICIPANT DIRECTED FUNDS
------------------------------------------------------------------------------------
CASH AMERICA
INTERNATIONAL,
INC. STABLE INTERMEDIATE MIXED
COMMON STOCK VALUE BOND INVESTMENT
-------------------- --------------- ------------------- -----------------
<S> <C> <C> <C> <C>
Additions to net assets attributed to:
Dividend income $ 7,120 $ 22,372 $ 12,171 $ 49,146
Interest income 6,099 41
Net appreciation (depreciation) in
fair value of investments 624,315 1,353 51,905
Company contributions 58,618 47,636 24,890 63,988
Participant contributions 590,536 170,530 71,376 189,075
-------------------- --------------- ------------------- -----------------
Total additions 1,286,688 240,538 109,790 354,155
-------------------- --------------- ------------------- -----------------
Deductions from net assets attributed to:
Participant withdrawals (140,620) (36,457) (31,472) (76,729)
Forfeitures (3,048) 7,465 (739) (1,404)
Administrative expenses (44,543)
-------------------- --------------- ------------------- -----------------
Net increase before transfers
among funds, net 1,143,020 167,003 77,579 276,022
Fund transfers (75,621) (42,305) (56,424) (42,433)
-------------------- --------------- ------------------- -----------------
Net increase 1,067,399 124,698 21,155 233,589
Net assets available for benefits,
Beginning of year 1,151,437 337,751 193,378 465,063
-------------------- --------------- ------------------- -----------------
End of year 2,218,836 $ 462,449 $ 214,533 $ 698,652
==================== =============== =================== =================
<CAPTION>
PARTICIPANT DIRECTED FUNDS
---------------------------------------------------------------------------------
AGGRESSIVE
BASIC GROWTH GROWTH
STOCK STOCK STOCK INTERNATIONAL
--------------- -------------- ------------------ ------------------
<S> <C> <C> <C> <C>
Additions to net assets attributed to:
Dividend income $ 103,747 $ 45,481 $ 54,120 $ 18,785
Interest income 17
Net appreciation (depreciation) in
fair value of investments 119,068 101,528 8,191 (13,928)
Company contributions 69,632 73,578 84,273 21,816
Participant contributions 247,613 338,565 307,785 96,621
--------------- -------------- ------------------ ------------------
Total additions 540,060 559,152 454,386 123,294
--------------- -------------- ------------------ ------------------
Deductions from net assets attributed to:
Participant withdrawals (88,264) (39,764) (67,653) (14,531)
Forfeitures 890 (1,060) (1,843) (261)
Administrative expenses
--------------- -------------- ------------------ ------------------
Net increase before transfers
among funds, net 452,686 518,328 384,890 108,502
Fund transfers (24,093) 42,861 (15,663) 8,530
--------------- -------------- ------------------ ------------------
Net increase 428,593 561,189 369,227 117,032
Net assets available for benefits,
Beginning of year 710,644 315,884 452,222 83,317
--------------- -------------- ------------------ ------------------
End of year $ 1,139,237 $ 877,073 $ 821,449 $ 200,349
=============== ============== ================== ==================
<CAPTION>
PARTICIPANT DIRECTED
FUNDS
-----------------------
PARTICIPANT
NOTES
RECEIVABLE TOTAL
------------------ -----------------
<S> <C> <C>
Additions to net assets attributed to:
Dividend income $ 312,942
Interest income $ 21,634 27,791
Net appreciation (depreciation) in
fair value of investments 892,432
Company contributions 444,431
Participant contributions 2,012,101
------------------ -----------------
Total additions 21,634 3,689,697
------------------ -----------------
Deductions from net assets attributed to:
Participant withdrawals (13,719) (509,209)
Forfeitures
Administrative expenses (44,543)
------------------ -----------------
Net increase before transfers
among funds, net 7,915 3,135,945
Fund transfers 205,148
------------------ -----------------
Net increase 213,063 3,135,945
Net assets available for benefits,
Beginning of year 148,921 3,858,617
------------------ -----------------
End of year $ 361,984 $ 6,994,562
================== =================
</TABLE>
15
<PAGE> 18
SUPPLEMENTAL SCHEDULES
<PAGE> 19
SCHEDULE I
CASH AMERICA INTERNATIONAL, INC.
401(k) SAVINGS PLAN
LINE 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1997
<TABLE>
<CAPTION>
SHARES COST VALUE FAIR VALUE
------------- --------------- ---------------
<S> <C> <C> <C>
AIM Equity Constellation Retail Mutual Funds 9,995 $ 778,920 $ 791,270
Dodge & Cox Balanced Mutual Funds 9,847 602,666 657,562
Harris Associates Investment Trust Oakmark
Mutual Funds 20,370 728,414 823,135
Pimco Total Return Institutional Class Mutual Funds 19,385 201,677 205,480
* Schwab Retirement Money Mutual Funds 443,187 443,187 443,187
T. Rowe Price Equity Income Mutual Funds 41,843 961,887 1,090,856
Templeton Foreign Mutual Funds 18,196 193,990 181,045
Cash and equivalents 70,107 70,107
* Cash America International, Inc. common stock 170,649 1,454,289 2,207,857
Participant Notes Receivable at 7.75% to 9.5% 361,984 361,984
--------------- ---------------
$ 5,797,121 $ 6,832,483
=============== ===============
</TABLE>
* Denotes an investment held by an entity known to be a party-in-interest
to the Plan.
16
<PAGE> 20
SCHEDULE II
CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN
LINE 27d - SCHEDULE OF REPORTABLE TRANSACTIONS -
SINGLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1997
<TABLE>
<CAPTION>
EXPENSE
INCURRED
IDENTITY OF PARTY INVOLVED PURCHASE SELLING WITH COST OF
INVOLVED DESCRIPTION OF ASSETS PRICE PRICE TRANSACTION ASSET
---------------------------- ----------------------------- ------------ ------------ -------------- ----------
<S> <C> <C> <C> <C> <C>
Charles Schwab Cash America International, Inc.
Trust Company common stock $ 324,309
<CAPTION>
CURRENT VALUE
OF ASSET ON
IDENTITY OF PARTY INVOLVED TRANSACTION NET GAIN
INVOLVED DATE OR (LOSS)
---------------------------- ------------- -------------
<S> <C> <C>
Charles Schwab
Trust Company $ 324,309
</TABLE>
17
<PAGE> 21
SCHEDULE III
CASH AMERICA INTERNATIONAL, INC. 401(k) SAVINGS PLAN
LINE 27d - SCHEDULE OF REPORTABLE TRANSACTIONS -
SERIES OF TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1997
<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
173 purchases $ 502,561
140 sales $ 179,194
Charles Schwab Trust Company Dodge & Cox Balanced Mutual Funds
172 purchases 339,821
155 sales 191,890
Charles Schwab Trust Company Harris Associates Investment Trust Oakmark
Mutual Funds
167 purchases 521,296
129 sales 132,785
Charles Schwab Trust Company Pimco Total Return Institutional Class Mutual
Funds
139 purchases 122,289
121 sales 111,066
Charles Schwab Trust Company Schwab Retirement Money Mutual Funds
186 purchases 331,823
136 sales 222,630
Charles Schwab Trust Company T. Rowe Price Equity Income Mutual Funds
180 purchases 463,182
162 sales 215,602
Charles Schwab Trust Company Cash America International,Inc. common stock
78 purchases 606,355
117 sales 288,678
<CAPTION>
COST OF TRANSACTION NET GAIN
DESCRIPTION OF ASSETS ASSET DATE OR (LOSS)
------------------------------------------------- ---------- --------------- ----------
<S> <C> <C> <C>
AIM Equity Constellation Retail Mutual Funds
173 purchases $ 502,561
140 sales $ 178,164 179,194 $ 1,030
Dodge & Cox Balanced Mutual Funds
172 purchases 339,821
155 sales 187,191 191,890 4,699
Harris Associates Investment Trust Oakmark
Mutual Funds
167 purchases 521,296
129 sales 125,627 732,785 7,158
Pimco Total Return Institutional Class Mutual
Funds
139 purchases 122,289
121 sales 111,391 111,066 (325)
Schwab Retirement Money Mutual Funds
186 purchases 331,823
136 sales 222,630 222,630
T. Rowe Price Equity Income Mutual Funds
180 purchases 463,182
162 sales 206,225 215,602 9,337
Cash America International,Inc. common stock
78 purchases 606,355
117 sales 277,796 288,678 10,882
</TABLE>
18
<PAGE> 22
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------- -----------
<S> <C>
23 Consent of Coopers & Lybrand, LLP
</TABLE>
<PAGE> 1
EXHIBIT 23
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 May 22, 1998 on our audits of the financial statements and supplemental
schedules of the Cash America 401(k) Savings Plan as of December 31, 1997 and
1996 and for the year ended December 31, 1997, which report is included in this
Annual Report on Form 11-K.
/s/ COOPERS & LYBRAND LLP
Fort Worth, Texas
June 30, 1998
