ENCORE CAPITAL GROUP INC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
ECPG$108.02-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows F-
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities: | |||
| Net (loss) income | $(139,244) | $(206,492) | $194,564 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Depreciation and amortization | 32,434 | 41,737 | 46,419 |
| Other non-cash interest expense, net | 16,325 | 17,160 | 15,875 |
| Stock-based compensation expense | 14,012 | 13,854 | 15,402 |
| Deferred income taxes | (22,280) | (55,916) | 46,410 |
| Goodwill impairment | 100,600 | 238,200 | — |
| Impairment of assets | 18,544 | 18,726 | 4,075 |
| Changes in recoveries | 89,740 | 82,530 | (93,145) |
| Other, net | 17,880 | (2,259) | 18,798 |
| Changes in operating assets and liabilities | |||
| Other assets | (28,245) | 15,894 | (6,722) |
| Accounts payable, accrued liabilities and other liabilities | 56,402 | (10,443) | (30,995) |
| Net cash provided by operating activities | 156,168 | 152,991 | 210,681 |
| Investing activities: | |||
| Purchases of receivable portfolios, net of put-backs | (1,336,442) | (1,060,206) | (790,569) |
| Collections applied to investment in receivable portfolios, net | 859,911 | 658,130 | 709,176 |
| Purchases of real estate owned | (212) | (26,901) | (39,340) |
| Purchases of property and equipment | (29,007) | (24,807) | (37,224) |
| Proceeds from sale of real estate owned | 56,396 | 52,636 | 27,722 |
| Other, net | 8,924 | (793) | — |
| Net cash used in investing activities | (440,430) | (401,941) | (130,235) |
| Financing activities: | |||
| Payment of loan and debt refinancing costs | (21,418) | (13,707) | (1,659) |
| Proceeds from credit facilities | 2,031,470 | 1,196,046 | 779,513 |
| Repayment of credit facilities | (1,868,111) | (989,627) | (515,703) |
| Proceeds from senior secured notes | 1,000,000 | 104,188 | — |
| Repayment of senior secured notes | (789,106) | (39,080) | (39,080) |
| Proceeds from issuance of convertible senior notes | — | 230,000 | — |
| Repayment of convertible senior notes | — | (212,480) | (221,153) |
| Payments to settle derivative instruments | (40,038) | — | — |
| Repurchase and retirement of common stock | — | — | (87,006) |
| Other, net | 4,977 | (7,040) | (22,357) |
| Net cash provided by (used in) financing activities | 317,774 | 268,300 | (107,445) |
| Net increase (decrease) in cash and cash equivalents | 33,512 | 19,350 | (26,999) |
| Effect of exchange rate changes on cash and cash equivalents | 7,989 | (4,898) | (18,734) |
| Cash and cash equivalents, beginning of period | 158,364 | 143,912 | 189,645 |
| Cash and cash equivalents, end of period | $199,865 | $158,364 | $143,912 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for interest | $210,580 | $163,815 | $131,391 |
| Cash paid for income taxes, net of refunds | 67,091 | 68,522 | 71,276 |
| Supplemental schedule of non-cash investing and financing activities: | |||
| Investment in receivable portfolios transferred to real estate owned | $5,966 | $7,957 | $1,903 |
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