ENCORE CAPITAL GROUP INC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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Consolidated Statements of Financial Condition F-
(In Thousands, Except Par Value Amounts)
| December 31,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $199,865 | $158,364 |
| Investment in receivable portfolios, net | 3,776,369 | 3,468,432 |
| Property and equipment, net | 80,597 | 103,959 |
| Other assets | 225,090 | 293,256 |
| Goodwill | 507,808 | 606,475 |
| Total assets | $4,789,729 | $4,630,486 |
| Liabilities and Equity | ||
| Liabilities: | ||
| Accounts payable and accrued liabilities | $233,545 | $189,928 |
| Borrowings | 3,672,762 | 3,318,031 |
| Other liabilities | 116,091 | 185,989 |
| Total liabilities | 4,022,398 | 3,693,948 |
| Commitments and contingencies (Note 13) | ||
| Equity: | ||
| Convertible preferred stock, $0.01 par value, 5,000 shares authorized, no shares issued and outstanding | — | — |
| Common stock, $0.01 par value, 75,000 shares authorized, 23,691 shares and 23,545 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | 237 | 235 |
| Additional paid-in capital | 19,297 | 11,052 |
| Accumulated earnings | 909,927 | 1,049,171 |
| Accumulated other comprehensive loss | (162,130) | (123,920) |
| Total stockholders’ equity | 767,331 | 936,538 |
| Total liabilities and stockholders’ equity | $4,789,729 | $4,630,486 |
The following table presents certain assets and liabilities of consolidated variable interest entities (“VIEs”) included in the consolidated statements of financial condition above. Most assets in the table below include those assets that can only be used to settle obligations of consolidated VIEs. The liabilities exclude amounts where creditors or beneficial interest holders have recourse to the general credit of the Company. See “Note 7: Variable Interest Entities” for additional information on the Company’s VIEs.
| December 31,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $23,875 | $24,472 |
| Investment in receivable portfolios, net | 895,704 | 717,556 |
| Other assets | 3,699 | 19,358 |
| Liabilities | ||
| Accounts payable and accrued liabilities | 2,946 | 1,854 |
| Borrowings | 599,830 | 494,925 |
| Other liabilities | 887 | 2,452 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.