PRA GROUP INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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Note
- Leases:
The components of lease expense for the years ended December 31, 2024 and 2023, were as follows (amounts in thousands):
| 2024 | 2023 | |
|---|---|---|
| Operating lease expense | $10,126 | $10,632 |
| Short-term lease expense | 2,318 | 2,007 |
| Sublease income | (7) | (317) |
| Total lease expense | $12,437 | $12,322 |
Supplemental cash flow information and non-cash activity related to leases for the years ended December 31, 2024 and 2023, were as follows (amounts in thousands):
| 2024 | 2023 | |
|---|---|---|
| Cash paid for amounts included in the measurement of operating lease liabilities | $10,533 | $11,514 |
| ROU assets obtained in exchange for operating lease obligations (1) | $(5,132) | $1,060 |
(1)Includes the impact of new leases as well as remeasurements and modifications of existing leases.
Lease term and discount rate information related to operating leases were as follows:
| 2024 | 2023 | |
|---|---|---|
| Weighted-average remaining lease term (years) | 6.6 | 7.4 |
| Weighted-average discount rate | 4.7% | 4.7% |
Maturities of lease liabilities as of December 31, 2024, were as follows for the years ending December 31, (amounts in thousands):
| Operating Leases | |
|---|---|
| 2025 | $9,192 |
| 2026 | 7,352 |
| 2027 | 4,710 |
| 2028 | 4,712 |
| 2029 | 4,424 |
| Thereafter | 12,242 |
| Total lease payments | 42,632 |
| Less: imputed interest | (6,195) |
| Total present value of lease liabilities | $36,437 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.