SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549 
FORM 8-K 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934 
Date of Report (Date of Earliest Event Reported):
November 9, 2006
EZCORP, INC. 
(Exact name of registrant as specified in its charter)
 	 	 	 	 	
DELAWARE 	 	0-19424 	 	74-2540145	
(State or other jurisdiction of 	 	(Commission File 	 	(I.R.S. Employer	
incorporation) 	 	Number) 	 	Identification No.)	
 	 	 	
1901 CAPITAL PARKWAY	 	 	
AUSTIN, TEXAS 	 	78746	
(Address of principal executive offices) 	 	(Zip Code)	
Registrant’s telephone number, including area code:
(512) 314-3400
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 

  

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION 
This information set forth under “Item 2.02. Results Of Operations And Financial Condition,” including the Exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing. 
On November 9, 2006, EZCORP, Inc. issued a press release announcing its results of operations and financial condition for the year ended September 30, 2006, as well as a stock split. A copy of the press release is attached hereto as Exhibit 99.1. 
ITEM 5.03. AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS 
Effective November 9, 2006, EZCORP, Inc. amended its Certificate of Incorporation to increase its authorized shares of common stock in preparation for a stock split. The Company increased its authorized Class A Non-voting Common Stock to fifty million shares, and increased its authorized Class B Voting Common Stock to three million shares. Authorized shares of Preferred Stock remained unchanged at five million shares. 
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS 
99.1	 	Press release dated November 9, 2006, issued by EZCORP, Inc.	

 
SIGNATURE 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 
 	 	 	 	 	 	 	
EZCORP, INC.	 		 	 	
(Registrant)        	 	 	 	 	
 	 	 	 	 	 	 	
Date: November 9, 2006 	 	By: 	 	/s/ Daniel N. Tonissen 
 
(Signature) 	 	 	
  	 	 	 	Senior Vice President, Chief Financial Officer, and Director	 	 	

 
EXHIBIT INDEX 
99.1	 	Press release dated November 9, 2006, issued by EZCORP, Inc.	

EXHIBIT 99.1 
EZCORP ANNOUNCES YEAREND RESULTS AND THREE-FOR-ONE STOCK SPLIT 
AUSTIN, Texas (November 9, 2006) ¾ EZCORP, Inc. (Nasdaq: EZPW) announced today results for its fiscal fourth quarter and 2006 fiscal year, which ended September 30, 2006. 
For the quarter ended September, net income increased to $9,168,000 ($0.64 per share) from $3,705,000 ($0.27 per share) for the 2005 fiscal fourth quarter. Total revenues for the quarter increased 19% to $87,355,000 compared to $73,183,000 for the prior year period. 
For the twelve month period ended September, net income increased 98% to $29,259,000 ($2.08 per share) from $14,752,000 ($1.09 per share) for fiscal 2005. Total revenues for the fiscal year increased 24% to $315,852,000 from $254,159,000 for fiscal 2005. 
The results for the current period include a net benefit of approximately $0.04 per share from three non-recurring items. The prior year results include an unfavorable impact of approximately $0.04 per share due to losses associated with hurricanes Katrina and Rita and expenses directly related to the Company’s conversion of 181 Texas EZMONEY locations to a credit services organization. 
Commenting on these results, President and Chief Executive Officer, Joe Rotunda, stated, “We are pleased and excited with the strong results we have delivered for the quarter and year. The fourth quarter was our seventeenth consecutive quarter of year-over-year earnings growth. Increases in our signature loan contribution, or signature loan fees less bad debt and direct transaction expense, led the improvement with growth of 95% or $7.7 million. Our pawn operation also made a significant contribution with pawn net revenues up $5.4 million or 17%.” 
Rotunda continued, “I am pleased to announce that we opened forty-six EZMONEY locations during the fourth quarter, making this fiscal year the third consecutive year of opening more than 100 stores. In addition, we just opened our first pawn store in Mexico and plan to have two more open before the end of January.” 
Rotunda concluded, “Looking forward to fiscal 2007, we expect to generate earnings per share in the range of $2.40 to $2.45. For our first fiscal 2007 quarter, we expect to generate earnings per share of $0.58 to $0.60. In fiscal 2007, we plan to continue expansion of our store base by opening approximately 100 new EZMONEY stores and several additional Mexico locations.” 
On November 3, 2006, the Company’s Board of Directors declared a three-for-one stock split of its two classes of common stock to shareholders of record as of the close of 

 
business on November 27, 2006. Shares resulting from the stock split are expected to be distributed on or about December 11, 2006. All share and per share figures disclosed in this announcement are presented before the stock split. 
EZCORP is primarily a lender or provider of credit services to individuals who do not have cash resources or access to credit to meet their short-term cash needs. In 280 EZPAWN locations open on September 30, 2006, the Company offers non-recourse loans collateralized by tangible personal property, commonly known as pawn loans. At these locations, the Company also sells merchandise, primarily collateral forfeited from its pawn lending operations, to consumers looking for good value. In 334 EZMONEY locations open on September 30, 2006 and 82 EZPAWN locations, the Company offers short-term non-collateralized loans, often referred to as payday loans, or fee based credit services to customers seeking loans. 
This announcement contains certain forward-looking statements regarding the Company’s expected performance for future periods including, but not limited to, new unit growth and expected future earnings. Actual results for these periods may materially differ from these statements. Such forward-looking statements involve risks and uncertainties such as changing market conditions in the overall economy and the industry, consumer demand for the Company’s services and merchandise, changes in regulatory environment, and other factors periodically discussed in the Company’s annual, quarterly and other reports filed with the Securities and Exchange Commission. You are invited to listen to a conference call discussing these results on November 9, 2006 at 3:30pm Central Time. The conference call can be accessed over the Internet (or replayed at your convenience) at the following address. 
http://www.videonewswire.com/event.asp?id=36178 
For additional information, contact Dan Tonissen at (512) 314-2289. 

 
EZCORP, Inc.
Highlights of Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data) 
 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	Three Months Ended September 30,	
 	 	 	 	 	 	2006	 	2005	
 	 	 	 	 	 	 	
 	1	 	 	Revenues:	 	 	 	 	 	 	 	 	
 	2	 	 	Merchandise sales	 	$	30,022	 	 	$	27,538	 	
 	3	 	 	Jewelry scrapping sales	 	 	16,804	 	 	 	13,295	 	
 	4	 	 	Pawn service charges	 	 	18,337	 	 	 	16,201	 	
 	5	 	 	Payday loan service charges	 	 	1,787	 	 	 	2,605	 	
 	6	 	 	Credit service fees	 	 	20,104	 	 	 	13,246	 	
 	7	 	 	Other	 	 	301	 	 	 	298	 	
 	 	 	 	 	 	 	
 	8	 	 	Total revenues	 	 	87,355	 	 	 	73,183	 	
 	9	 	 	Cost of goods sold:	 	 	 	 	 	 	 	 	
 	10	 	 	Cost of merchandise sales	 	 	18,044	 	 	 	16,162	 	
 	11	 	 	Cost of jewelry scrapping sales	 	 	11,133	 	 	 	10,281	 	
 	 	 	 	 	 	 	
 	12	 	 	Total cost of goods sold	 	 	29,177	 	 	 	26,443	 	
 	 	 	 	 	 	 	
 	13	 	 	Net revenues	 	 	58,178	 	 	 	46,740	 	
 	14	 	 	 	 	 	 	 	 	 	 	 	
 	15	 	 	Operations expense	 	 	29,487	 	 	 	25,492	 	
 	16	 	 	Payday loan bad debt and direct transaction expenses	 	 	768	 	 	 	1,291	 	
 	17	 	 	Credit service bad debt and direct transaction expenses	 	 	5,223	 	 	 	6,395	 	
 	18	 	 	Administrative expense	 	 	7,402	 	 	 	5,898	 	
 	19	 	 	Depreciation and amortization	 	 	2,208	 	 	 	2,088	 	
 	 	 	 	 	 	 	
 	20	 	 	Operating income	 	 	13,090	 	 	 	5,576	 	
 	21	 	 	 	 	 	 	 	 	 	 	 	
 	22	 	 	Interest expense (income), net	 	 	(192	)	 	 	359	 	
 	23	 	 	Equity in net income of unconsolidated affiliate	 	 	(688	)	 	 	(572	)	
 	24	 	 	Loss on sale/disposal of assets	 	 	55	 	 	 	—	 	
 	 	 	 	 	 	 	
 	25	 	 	Income before income taxes	 	 	13,915	 	 	 	5,789	 	
 	26	 	 	Income tax expense	 	 	4,747	 	 	 	2,084	 	
 	 	 	 	 	 	 	
 	27	 	 	Net income	 	$	9,168	 	 	$	3,705	 	
 	 	 	 	 	 	 	
 	28	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	
 	29	 	 	Net income per share, diluted	 	$	0.64	 	 	$	0.27	 	
 	 	 	 	 	 	 	
 	30	 	 	 	 	 	 	 	 	 	 	 	
 	31	 	 	Weighted average shares, diluted	 	 	14,303	 	 	 	13,740	 	

 
EZCORP, Inc.
Highlights of Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data) 
 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	Year Ended September 30,	
 	 	 	 	 	 	2006	 	2005	
 	 	 	 	 	 	 	
 	1	 	 	Revenues:	 	 	 	 	 	 	 	 	
 	2	 	 	Merchandise sales	 	$	134,326	 	 	$	118,951	 	
 	3	 	 	Jewelry scrapping sales	 	 	43,098	 	 	 	29,459	 	
 	4	 	 	Pawn service charges	 	 	65,325	 	 	 	62,274	 	
 	5	 	 	Payday loan service charges	 	 	5,389	 	 	 	28,954	 	
 	6	 	 	Credit service fees	 	 	66,451	 	 	 	13,246	 	
 	7	 	 	Other	 	 	1,263	 	 	 	1,275	 	
 	 	 	 	 	 	 	
 	8	 	 	Total revenues	 	 	315,852	 	 	 	254,159	 	
 	9	 	 	Cost of goods sold:	 	 	 	 	 	 	 	 	
 	10	 	 	Cost of merchandise sales	 	 	78,459	 	 	 	68,680	 	
 	11	 	 	Cost of jewelry scrapping sales	 	 	28,414	 	 	 	21,998	 	
 	 	 	 	 	 	 	
 	12	 	 	Total cost of goods sold	 	 	106,873	 	 	 	90,678	 	
 	 	 	 	 	 	 	
 	13	 	 	Net revenues	 	 	208,979	 	 	 	163,481	 	
 	14	 	 	 	 	 	 	 	 	 	 	 	
 	15	 	 	Operations expense	 	 	111,110	 	 	 	95,876	 	
 	16	 	 	Payday loan bad debt and direct transaction expenses	 	 	2,525	 	 	 	7,808	 	
 	17	 	 	Credit service bad debt and direct transaction expenses	 	 	16,000	 	 	 	6,395	 	
 	18	 	 	Administrative expense	 	 	27,749	 	 	 	23,067	 	
 	19	 	 	Depreciation and amortization	 	 	8,610	 	 	 	8,104	 	
 	 	 	 	 	 	 	
 	20	 	 	Operating income	 	 	42,985	 	 	 	22,231	 	
 	21	 	 	 	 	 	 	 	 	 	 	 	
 	22	 	 	Interest expense (income), net	 	 	(79	)	 	 	1,275	 	
 	23	 	 	Equity in net income of unconsolidated affiliate	 	 	(2,433	)	 	 	(2,173	)	
 	24	 	 	(Gain) loss on sale/disposal of assets	 	 	(7	)	 	 	79	 	
 	 	 	 	 	 	 	
 	25	 	 	Income before income taxes	 	 	45,504	 	 	 	23,050	 	
 	26	 	 	Income tax expense	 	 	16,245	 	 	 	8,298	 	
 	 	 	 	 	 	 	
 	27	 	 	Net income	 	$	29,259	 	 	$	14,752	 	
 	 	 	 	 	 	 	
 	28	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	
 	29	 	 	Net income per share, diluted	 	$	2.08	 	 	$	1.09	 	
 	 	 	 	 	 	 	
 	30	 	 	 	 	 	 	 	 	 	 	 	
 	31	 	 	Weighted average shares, diluted	 	 	14,088	 	 	 	13,574	 	

 
EZCORP, Inc.
Highlights of Consolidated Balance Sheets (Unaudited)
(in thousands, except per share data and store counts) 
 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	As of September 30,	
 	 	 	 	 	 	2006	 	2005	
 	 	 	 	 	 	 	
 	1	 	 	Assets:	 	 	 	 	 	 	 	 	
 	2	 	 	Current assets:	 	 	 	 	 	 	 	 	
 	3	 	 	Cash and cash equivalents	 	$	29,939	 	 	$	4,168	 	
 	4	 	 	Pawn loans	 	 	50,304	 	 	 	52,864	 	
 	5	 	 	Payday loans, net	 	 	2,443	 	 	 	1,634	 	
 	6	 	 	Pawn service charges receivable, net	 	 	8,234	 	 	 	9,492	 	
 	7	 	 	Payday loan service charges receivable, net	 	 	426	 	 	 	272	 	
 	8	 	 	Credit service fees receivable, net	 	 	3,954	 	 	 	3,007	 	
 	9	 	 	Inventory, net	 	 	35,616	 	 	 	30,293	 	
 	10	 	 	Deferred tax asset	 	 	7,150	 	 	 	10,534	 	
 	11	 	 	Federal income taxes receivable	 	 	35	 	 	 	—	 	
 	12	 	 	Prepaid expenses and other assets	 	 	3,907	 	 	 	1,998	 	
 	 	 	 	 	 	 	
 	13	 	 	Total current assets	 	 	142,008	 	 	 	114,262	 	
 	14	 	 	Investment in unconsolidated affiliate	 	 	18,920	 	 	 	17,348	 	
 	15	 	 	Property and equipment, net	 	 	29,447	 	 	 	26,964	 	
 	16	 	 	Deferred tax asset, non-current	 	 	3,749	 	 	 	4,012	 	
 	17	 	 	Other assets, net	 	 	3,379	 	 	 	2,862	 	
 	 	 	 	 	 	 	
 	18	 	 	Total assets	 	$	197,503	 	 	$	165,448	 	
 	 	 	 	 	 	 	
 	19	 	 	Liabilities and stockholders’ equity:	 	 	 	 	 	 	 	 	
 	20	 	 	Current liabilities:	 	 	 	 	 	 	 	 	
 	21	 	 	Accounts payable and other accrued expenses	 	$	22,579	 	 	$	18,988	 	
 	22	 	 	Customer layaway deposits	 	 	1,890	 	 	 	1,672	 	
 	23	 	 	Federal income taxes payable	 	 	—	 	 	 	648	 	
 	 	 	 	 	 	 	
 	24	 	 	Total current liabilities	 	 	24,469	 	 	 	21,308	 	
 	25	 	 	 	 	 	 	 	 	 	 	 	
 	26	 	 	Long-term debt	 	 	—	 	 	 	7,000	 	
 	27	 	 	Deferred gains and other long-term liabilities	 	 	3,249	 	 	 	3,597	 	
 	 	 	 	 	 	 	
 	28	 	 	Total long-term liabilities	 	 	3,249	 	 	 	10,597	 	
 	29	 	 	Total stockholders’ equity	 	 	169,785	 	 	 	133,543	 	
 	 	 	 	 	 	 	
 	30	 	 	Total liabilities and stockholders’ equity	 	$	197,503	 	 	$	165,448	 	
 	 	 	 	 	 	 	
 	31	 	 	 	 	 	 	 	 	 	 	 	
 	32	 	 	Pawn loan balance per ending pawn store	 	$	180	 	 	$	189	 	
 	33	 	 	Inventory per ending pawn store	 	$	127	 	 	$	108	 	
 	34	 	 	Book value per share	 	$	12.58	 	 	$	10.39	 	
 	35	 	 	Tangible book value per share	 	$	12.37	 	 	$	10.21	 	
 	36	 	 	Pawn store count — end of period	 	 	280	 	 	 	280	 	
 	37	 	 	Mono-line payday loan store count — end of period	 	 	334	 	 	 	234	 	
 	38	 	 	Shares outstanding — end of period	 	 	13,495	 	 	 	12,859