ENCORE CAPITAL GROUP INC
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
ECPG$108.02-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net income | $86,063 | $64,270 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 23,467 | 32,768 |
| Other non-cash interest expense, net | 12,379 | 12,526 |
| Stock-based compensation expense | 11,731 | 11,017 |
| Deferred income taxes | 1,718 | 952 |
| Changes in recoveries | (6,020) | 30,054 |
| Other, net | 7,477 | (1,958) |
| Changes in operating assets and liabilities | ||
| Other assets | (35,277) | (21,820) |
| Accounts payable, accrued liabilities and other liabilities | 31,086 | (11,598) |
| Net cash provided by operating activities | 132,624 | 116,211 |
| Investing activities: | ||
| Purchases of receivable portfolios, net of put-backs | (844,868) | (772,101) |
| Collections applied to investment in receivable portfolios | 641,982 | 504,672 |
| Purchases of property and equipment | (20,451) | (16,765) |
| Other, net | 47,632 | 13,468 |
| Net cash used in investing activities | (175,705) | (270,726) |
| Financing activities: | ||
| Payment of loan and debt refinancing costs | (18,164) | (8,224) |
| Proceeds from credit facilities | 458,844 | 630,079 |
| Repayment of credit facilities | (1,292,578) | (446,724) |
| Proceeds from senior secured notes | 1,000,000 | — |
| Repayment of senior secured notes | (29,310) | (29,310) |
| Proceeds from issuance of convertible senior notes | — | 230,000 |
| Repayment of exchangeable senior notes | — | (212,480) |
| Proceeds from convertible hedge instruments, net | — | 12,421 |
| Other, net | 11,695 | (16,890) |
| Net cash provided by financing activities | 130,487 | 158,872 |
| Net increase in cash and cash equivalents | 87,406 | 4,357 |
| Effect of exchange rate changes on cash and cash equivalents | 1,583 | (3,558) |
| Cash and cash equivalents, beginning of period | 158,364 | 143,912 |
| Cash and cash equivalents, end of period | $247,353 | $144,711 |
| Supplemental disclosure of cash information: | ||
| Cash paid for interest | $138,951 | $120,113 |
| Cash paid for taxes, net of refunds | 61,255 | 50,605 |
| Supplemental schedule of non-cash investing activities: | ||
| Investment in receivable portfolios transferred to real estate owned | $4,617 | $9,558 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.