PRA GROUP INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
PRAA$11.96-5.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Income Statements
(Amounts in thousands, except per share amounts)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Revenues: | |||
| Portfolio income | $757,128 | $772,315 | $875,327 |
| Changes in expected recoveries | 29,134 | 168,904 | 197,904 |
| Total portfolio revenue | 786,262 | 941,219 | 1,073,231 |
| Other revenue | 16,292 | 25,305 | 22,501 |
| Total revenues | 802,554 | 966,524 | 1,095,732 |
| Operating expenses: | |||
| Compensation and employee services | 288,778 | 285,537 | 301,981 |
| Legal collection fees | 38,072 | 38,450 | 47,206 |
| Legal collection costs | 89,131 | 76,757 | 78,330 |
| Agency fees | 74,699 | 63,808 | 63,140 |
| Outside fees and services | 82,619 | 92,355 | 92,615 |
| Communication | 40,430 | 39,205 | 42,755 |
| Rent and occupancy | 17,319 | 18,589 | 18,376 |
| Depreciation and amortization | 13,376 | 15,243 | 15,256 |
| Impairment of real estate | 5,239 | — | — |
| Other operating expenses | 52,399 | 50,778 | 61,077 |
| Total operating expenses | 702,062 | 680,722 | 720,736 |
| Income from operations | 100,492 | 285,802 | 374,996 |
| Other income and (expense): | |||
| Interest expense, net | (181,724) | (130,677) | (124,143) |
| Foreign exchange gain/(loss), net | 289 | 985 | (809) |
| Other | (1,944) | (1,325) | 282 |
| Income/(loss) before income taxes | (82,887) | 154,785 | 250,326 |
| Income tax expense/(benefit) | (16,133) | 36,787 | 54,817 |
| Net income/(loss) | (66,754) | 117,998 | 195,509 |
| Adjustment for net income attributable to noncontrolling interests | 16,723 | 851 | 12,351 |
| Net income/(loss) attributable to PRA Group, Inc. | $(83,477) | $117,147 | $183,158 |
| Net income/(loss) per common share attributable to PRA Group, Inc.: | |||
| Basic | $(2.13) | $2.96 | $4.07 |
| Diluted | $(2.13) | $2.94 | $4.04 |
| Weighted average number of shares outstanding: | |||
| Basic | 39,177 | 39,638 | 44,960 |
| Diluted | 39,177 | 39,888 | 45,330 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.