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
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income/(loss) | $88,573 | $(66,754) | $117,998 |
| Adjustments to reconcile net income to net cash provided by/(used in) operating activities: | |||
| Share-based compensation | 13,470 | 11,095 | 13,047 |
| Depreciation, amortization and impairment | 10,792 | 18,615 | 15,243 |
| Amortization of debt discount or premium and issuance costs | 10,567 | 9,223 | 10,097 |
| Changes in expected recoveries | (240,868) | (29,134) | (168,904) |
| Deferred income taxes | (2,138) | (35,942) | 607 |
| Net unrealized foreign currency transaction (gain)/loss | 5,200 | (16,552) | 34,970 |
| Other | (1,593) | (1,534) | 246 |
| Changes in operating assets and liabilities: | |||
| Other assets | (9,544) | (1,835) | 7,096 |
| Accrued expenses, accounts payable and other liabilities | 30,947 | 15,283 | (8,808) |
| Net cash provided by/(used in) operating activities | (94,594) | (97,535) | 21,592 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment, net | (4,045) | (2,887) | (13,251) |
| Purchases of nonperforming loan portfolios | (1,407,067) | (1,160,289) | (844,255) |
| Recoveries collected and applied to Finance receivables, net | 1,027,896 | 917,025 | 974,846 |
| Purchases of investments | (57,384) | (60,057) | (63,000) |
| Proceeds from sales and maturities of investments | 58,130 | 71,348 | 66,113 |
| Net cash provided by/(used in) investing activities | (382,470) | (234,860) | 120,453 |
| Cash flows from financing activities: | |||
| Proceeds from lines of credit | 1,901,645 | 814,630 | 1,607,108 |
| Principal payments on lines of credit | (1,720,836) | (480,100) | (1,598,608) |
| Proceeds from long-term debt | 472,611 | — | — |
| Principal payments on long-term debt | (445,000) | (7,500) | (10,000) |
| Proceeds from issuance of senior notes | 555,438 | 400,000 | — |
| Retirement and repurchase of senior notes | (298,000) | (3,657) | — |
| Retirement of convertible notes | — | (345,000) | — |
| Payment of debt origination costs and fees | (15,323) | (5,323) | (15,550) |
| Repurchase of common stock | — | — | (111,371) |
| Tax withholdings related to share-based payments | (2,655) | (6,194) | (8,472) |
| Distributions to noncontrolling interests | (19,287) | (10,140) | (6,691) |
| Contributions from noncontrolling interests | 2,396 | — | 17,554 |
| Net increase/(decrease) in interest-bearing deposits | 59,848 | (1,416) | 4,688 |
| Net cash provided by/(used in) financing activities | 490,837 | 355,300 | (121,342) |
| Effect of exchange rates on cash | (20,034) | 6,029 | (25,017) |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | (6,261) | 28,934 | (4,314) |
| Cash, cash equivalents and restricted cash, beginning of period | 113,692 | 84,758 | 89,072 |
| Cash, cash equivalents and restricted cash, end of period | $107,431 | $113,692 | $84,758 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $224,099 | $138,305 | $116,932 |
| Cash paid for income taxes | 5,222 | 25,544 | 21,860 |
| Reconciliation to Balance Sheet accounts: | |||
| Cash and cash equivalents | $105,938 | $112,528 | $83,376 |
| Restricted cash included in Other assets | 1,493 | 1,164 | 1,382 |
| Cash, cash equivalents and restricted cash | $107,431 | $113,692 | $84,758 |
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