PRA GROUP INC
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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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.
FY2025 · Filed Mar 2, 2026
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
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income/(loss) | $(289,974) | $88,573 | $(66,754) |
| Adjustments to reconcile net income/(loss) to net cash used in operating activities: | |||
| Share-based compensation | 15,911 | 13,470 | 11,095 |
| Depreciation, amortization and impairment of long-lived assets | 10,439 | 10,792 | 18,615 |
| Goodwill impairment | 412,611 | — | — |
| Gain on sale of equity method investment | (38,403) | — | — |
| Amortization of debt premium and issuance costs | 7,935 | 10,567 | 9,223 |
| Changes in expected recoveries | (176,451) | (240,868) | (29,134) |
| Deferred income taxes | 6,389 | (2,138) | (35,942) |
| Net unrealized foreign currency transaction (gain)/loss | (13,084) | 5,200 | (16,552) |
| Other | 279 | (1,593) | (1,534) |
| Changes in operating assets and liabilities: | |||
| Prepaid expenses and other assets | (17,814) | (9,544) | (1,835) |
| Accrued expenses, accounts payable and other liabilities | (3,379) | 30,947 | 15,283 |
| Net cash used in operating activities | (85,541) | (94,594) | (97,535) |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of property and equipment, net | (4,821) | (4,045) | (2,887) |
| Purchases of nonperforming loan portfolios | (1,203,740) | (1,407,067) | (1,160,289) |
| Recoveries collected and applied to Finance receivables, net | 1,099,148 | 1,027,896 | 917,025 |
| Purchases of investments | (57,898) | (57,384) | (60,057) |
| Proceeds from sales and maturities of investments | 107,374 | 58,130 | 71,348 |
| Net cash used in investing activities | (59,937) | (382,470) | (234,860) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from lines of credit | 1,203,549 | 1,901,645 | 814,630 |
| Principal payments on lines of credit | (1,291,725) | (1,720,836) | (480,100) |
| Proceeds from long-term debt | — | 472,611 | — |
| Principal payments on long-term debt | (10,000) | (445,000) | (7,500) |
| Proceeds from issuance of senior notes | 351,990 | 555,438 | 400,000 |
| Retirement and repurchase of senior notes | — | (298,000) | (348,657) |
| Payment of debt origination costs and fees | (6,406) | (15,323) | (5,323) |
| Repurchase of common stock | (20,000) | — | — |
| Tax withholdings related to share-based payments | (2,329) | (2,655) | (6,194) |
| Distributions to noncontrolling interests | (25,132) | (19,287) | (10,140) |
| Contributions from noncontrolling interests | 4,216 | 2,396 | — |
| Net increase/(decrease) in interest-bearing deposits | (88,193) | 59,848 | (1,416) |
| Net cash provided by financing activities | 115,970 | 490,837 | 355,300 |
| Effect of foreign exchange rates | 30,720 | (20,034) | 6,029 |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | 1,212 | (6,261) | 28,934 |
| Cash, cash equivalents and restricted cash, beginning of period | 107,431 | 113,692 | 84,758 |
| Cash, cash equivalents and restricted cash, end of period | $108,643 | $107,431 | $113,692 |
| Supplemental disclosure of cash flow information | |||
| Cash paid for interest | $259,061 | $224,099 | $138,305 |
| Cash paid for income taxes | 38,528 | 5,222 | 25,544 |
| Reconciliation to Balance Sheet accounts | |||
| Cash and cash equivalents | $104,409 | $105,938 | $112,528 |
| Restricted cash included in Prepaid expenses and other assets | 4,234 | 1,493 | 1,164 |
| Cash, cash equivalents and restricted cash | $108,643 | $107,431 | $113,692 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.