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$111.98-1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations F-
(In Thousands, Except Per Share Amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues | |||
| Revenue from receivable portfolios | $1,302,567 | $1,204,437 | $1,202,361 |
| Changes in recoveries | (89,740) | (82,530) | 93,145 |
| Total debt purchasing revenue | 1,212,827 | 1,121,907 | 1,295,506 |
| Servicing revenue | 84,783 | 83,136 | 94,922 |
| Other revenues | 18,751 | 17,637 | 7,919 |
| Total revenues | 1,316,361 | 1,222,680 | 1,398,347 |
| Operating expenses | |||
| Salaries and employee benefits | 422,910 | 391,532 | 375,135 |
| Cost of legal collections | 259,298 | 224,252 | 217,944 |
| General and administrative expenses | 163,847 | 144,862 | 145,798 |
| Other operating expenses | 130,802 | 111,179 | 111,234 |
| Collection agency commissions | 30,596 | 35,657 | 35,568 |
| Depreciation and amortization | 32,434 | 41,737 | 46,419 |
| Goodwill impairment | 100,600 | 238,200 | — |
| Impairment of assets | 18,544 | 18,726 | 4,075 |
| Total operating expenses | 1,159,031 | 1,206,145 | 936,173 |
| Income from operations | 157,330 | 16,535 | 462,174 |
| Other expense | |||
| Interest expense | (252,545) | (201,877) | (153,308) |
| Loss on extinguishment of debt | (7,832) | — | — |
| Other income | 6,832 | 5,078 | 2,123 |
| Total other expense | (253,545) | (196,799) | (151,185) |
| (Loss) income before income taxes | (96,215) | (180,264) | 310,989 |
| Provision for income taxes | (43,029) | (26,228) | (116,425) |
| Net (loss) income | $(139,244) | $(206,492) | $194,564 |
| (Loss) income per share: | |||
| Basic | $(5.83) | $(8.72) | $8.06 |
| Diluted | $(5.83) | $(8.72) | $7.46 |
| Weighted average shares outstanding: | |||
| Basic | 23,873 | 23,670 | 24,142 |
| Diluted | 23,873 | 23,670 | 26,092 |
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