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): DECEMBER 13, 2004 EZCORP, INC. (Exact name of registrant as specified in its charter)

DELAWARE 0-19424 74-2540145 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer incorporation) 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: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] 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 December 13, 2004, EZCORP, Inc. issued a press release announcing its revised results of operations and financial condition for the fiscal year and quarter ended September 30, 2004. A copy of the press release is attached hereto as Exhibit 99. ITEM 9.01. EXHIBITS. 99 Press release dated December 13, 2004, 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: December 13, 2004 By: /s/ Daniel N. Tonissen ---------------------------------- (Signature) Senior Vice President, Chief Financial Officer, and Director

EXHIBIT INDEX

99 Press release dated December 13, 2004, issued by EZCORP, Inc.

EXHIBIT 99 EZCORP ANNOUNCES HIGHER EARNINGS FOR FISCAL 2004 AUSTIN, TEXAS (DECEMBER 13, 2004) -- EZCORP, Inc. (Nasdaq: EZPW) announced today an increase in its previously reported results for its fiscal fourth quarter and fiscal year, which ended September 30, 2004. During fiscal 2004, the Company withheld payments to a vendor pending a review of prior expense payments. Based on the findings of this review, the Company made the decision to not pay $400,000 of withheld payments. Since the condition existed at September 30, 2004 and was resolved prior to the issuance of the Company's financial statements, the benefit of not paying these accrued expenses is recognized in the fiscal 2004 period. As a result, EZCORP increased its reported net income for the quarter and fiscal year ended September 30, 2004 to $2,873,000 ($0.22 per share) and $9,123,000 ($0.70 per share). In a November 9, 2004 earnings announcement, the Company had announced net income for the quarter and fiscal year ended September 30, 2004 of $2,621,000 ($0.20 per share) and $8,871,000 ($0.68 per share). EZCORP meets the short-term cash needs of the cash and credit constrained consumer by offering convenient, non-recourse loans collateralized by tangible personal property, commonly known as pawn loans, and short-term non-collateralized loans, often referred to as payday loans. The Company also sells merchandise, primarily collateral forfeited from its pawn lending operations, to consumers looking for good value. Currently, the Company operates 280 EZPAWN and 151 EZMONEY Payday Loan stores, 118 of which adjoin an EZPAWN location. 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 and store counts) - --------------------------------------------------------------------------------

THREE MONTHS ENDED SEPTEMBER 30, -------------------------------- 2004 2003 ------------ ------------ 1 Revenues: 2 Merchandise sales $ 26,721 $ 25,797 3 Jewelry scrapping sales 14,040 8,813 4 Pawn service charges 15,215 14,599 5 Payday loan service charges 7,750 3,739 6 Other revenues 327 277 ------------ ------------ 7 Total revenues 64,053 53,225 8 Cost of goods sold: 9 Cost of merchandise sales 15,675 15,227 10 Cost of jewelry scrapping sales 11,397 7,167 ------------ ------------ 11 Total cost of goods sold 27,072 22,394 ------------ ------------ 12 Net revenues 36,981 30,831 13 14 Operations expense 22,480 20,193 15 Bad debt and other direct expenses on payday loans 3,146 1,510 16 Administrative expense 4,991 4,297 17 Depreciation and amortization 1,874 2,137 ------------ ------------ 18 Operating income 4,490 2,694 19 20 Interest expense, net 375 472 21 Equity in net income of unconsolidated affiliate (448) (350) 22 Loss on sale of assets 3 144 23 Impairment of investment -- 1,100 ------------ ------------ 24 Income before income taxes 4,560 1,328 25 Income tax expense 1,687 (3,235) ------------ ------------ 26 Income before cumulative effect of adopting a new accounting principle 2,873 4,563 27 Cumulative effect of adopting a new accounting principle, net of tax -- -- ------------ ------------ 28 Net income $ 2,873 $ 4,563 ============ ============ 29 30 Income per share, assuming dilution: 31 Income before cumulative effect of adopting a new accounting principle $ 0.22 $ 0.36 32 Cumulative effect of adopting a new accounting principle, net of tax -- -- ------------ ------------ 33 Net income $ 0.22 $ 0.36 ============ ============ 34 35 Reconciliation of net income to comparable net income (a non-GAAP measure): 36 Net income, as reported $ 2,873 $ 4,563 37 Add back: Cumulative effect of adopting a new accounting principle, net of tax -- -- 38 Add back: Impairment of investment, net of tax benefit -- 715 39 Subtract: Reduction of valuation allowance on deferred tax asset -- (3,700) ------------ ------------ 40 Comparable net income (a non-GAAP measure) $ 2,873 $ 1,578 ============ ============ 41 ------------ ------------ 42 Comparable net income per share, assuming dilution (a non-GAAP measure) $ 0.22 $ 0.12 ============ ============ 43 44 Weighted average shares - assuming dilution 13,083 12,694
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EZCORP, INC. HIGHLIGHTS OF CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share data and store counts) - --------------------------------------------------------------------------------

YEAR ENDED SEPTEMBER 30, ------------------------------ 2004 2003 ------------ ------------ 1 Revenues: 2 Merchandise sales $ 116,816 $ 113,792 3 Jewelry scrapping sales 26,656 20,799 4 Pawn service charges 59,090 58,175 5 Payday loan service charges 23,874 12,538 6 Other revenues 1,361 1,045 ------------ ------------ 7 Total revenues 227,797 206,349 8 Cost of goods sold: 9 Cost of merchandise sales 67,682 68,606 10 Cost of jewelry scrapping sales 20,520 17,494 ------------ ------------ 11 Total cost of goods sold 88,202 86,100 ------------ ------------ 12 Net revenues 139,595 120,249 13 14 Operations expense 86,862 80,688 15 Bad debt and other direct expenses on payday loans 9,103 4,685 16 Administrative expense 21,845 17,008 17 Depreciation and amortization 7,512 8,775 ------------ ------------ 18 Operating income 14,273 9,093 19 20 Interest expense, net 1,528 2,006 21 Equity in net income of unconsolidated affiliate (1,739) (1,412) 22 Loss on sale of assets 3 170 23 Impairment of investment -- 1,100 ------------ ------------ 24 Income before income taxes 14,481 7,229 25 Income tax expense 5,358 (1,170) ------------ ------------ 26 Income before cumulative effect of adopting a new accounting principle 9,123 8,399 27 Cumulative effect of adopting a new accounting principle, net of tax -- (8,037) ------------ ------------ 28 Net income $ 9,123 $ 362 ============ ============ 29 30 Income per share, assuming dilution: 31 Income before cumulative effect of adopting a new accounting principle $ 0.70 $ 0.67 32 Cumulative effect of adopting a new accounting principle, net of tax -- (0.64) ------------ ------------ 33 Net income $ 0.70 $ 0.03 ============ ============ 34 35 Reconciliation of net income to comparable net income (a non-GAAP measure): 36 Net income, as reported $ 9,123 $ 362 37 Add back: Cumulative effect of adopting a new accounting principle, net of tax -- 8,037 38 Add back: Impairment of investment, net of tax benefit -- 715 39 Subtract: Reduction of valuation allowance on deferred tax asset -- (3,700) ------------ ------------ 40 Comparable net income (a non-GAAP measure) $ 9,123 $ 5,414 ============ ============ 41 ------------ ------------ 42 Comparable net income per share, assuming dilution (a non-GAAP measure) $ 0.70 $ 0.43 ============ ============ 43 44 Weighted average shares - assuming dilution 13,122 12,552
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EZCORP, INC. HIGHLIGHTS OF CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except per share data and store counts) - --------------------------------------------------------------------------------

AS OF SEPTEMBER 30, 2004 2003 ------------ ------------ 1 Assets: 2 Current assets: 3 Cash and cash equivalents $ 2,506 $ 2,496 4 Pawn loans 49,078 47,955 5 Payday loans 7,292 3,630 6 Pawn service charges receivable, net 8,679 8,990 7 Payday loan service charges receivable, net 1,474 735 8 Inventory, net 30,636 29,755 9 Deferred tax asset 9,711 8,163 10 Federal income taxes receivable -- 328 11 Prepaid expenses and other assets 2,321 1,726 ------------ ------------ 12 Total current assets 111,697 103,778 13 Investment in unconsolidated affiliates 16,101 14,700 14 Property and equipment, net 25,846 25,369 15 Deferred tax asset, non-current 4,946 4,391 16 Other assets 5,732 5,452 ------------ ------------ 17 Total assets $ 164,322 $ 153,690 ============ ============ 18 Liabilities and stockholders' equity: 19 Current liabilities: 20 Accounts payable and other accrued expenses $ 14,947 $ 11,101 21 Customer layaway deposits 1,645 1,792 22 Federal income taxes payable 2,043 -- ------------ ------------ 23 Total current liabilities 18,635 12,893 24 Long-term debt, less current maturities 25,000 31,000 25 Deferred gains and other long-term liabilities 3,958 4,319 ------------ ------------ 26 Total long-term liabilities 28,958 35,319 27 Total stockholders' equity 116,729 105,478 ------------ ------------ 28 Total liabilities and stockholders' equity $ 164,322 $ 153,690 ============ ============ 29 30 Pawn loan balance per ending pawn store $ 175 $ 171 31 Inventory per ending pawn store $ 109 $ 106 32 Book value per share $ 9.44 $ 8.65 33 Tangible book value per share $ 9.23 $ 8.44 34 Pawn store count - end of period 280 280 35 Mono-line payday loan store count - end of period 125 4 36 Shares outstanding - end of period 12,362 12,188
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