PRA GROUP INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
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6 – Property and Equipment, net
- Property and Equipment, net:
Property and equipment, net consisted of the following as of December 31, 2024 and 2023 (amounts in thousands):
| 2024 | 2023 | |
|---|---|---|
| Software | $66,515 | $70,924 |
| Computer equipment | 18,165 | 21,771 |
| Furniture and fixtures | 14,422 | 16,814 |
| Equipment | 10,032 | 12,649 |
| Leasehold improvements | 18,076 | 18,711 |
| Building and improvements | 19,637 | 19,637 |
| Land | 1,407 | 1,407 |
| Accumulated depreciation and impairment | (119,604) | (126,452) |
| Assets in process | 848 | 989 |
| Property and equipment, net | $29,498 | $36,450 |
Depreciation expense related to property and equipment for the years ended December 31, 2024, 2023 and 2022 was$10.6 million, $13.1 million and $14.9 million, respe ctively. During the year ended December 31, 2023, the Company recorded animpairment charge of $5.2 million related to Building and improvements. Refer to Note 9 for additional information.
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