Encore Capital Group Inc (ECPG) Financial Statements (2024 and earlier)
Company Profile
Business Address |
350 CAMINO DE LA REINA SAN DIEGO, CA 92108 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 6153 - Short-Term Business Credit Institutions, Except Agricultural (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 144 | 190 | 189 | 192 | 157 | 212 | |||
Cash and cash equivalents | 144 | 190 | 189 | 192 | 157 | 212 | |||
Prepaid expense | 28 | ||||||||
Deferred costs | 100 | 96 | 80 | ||||||
Total current assets: | 144 | 190 | 189 | 293 | 253 | 320 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 18 | 15 | 12 | 9 | ✕ | ✕ | |||
Operating lease, right-of-use asset | 70 | 69 | 72 | 75 | ✕ | ✕ | |||
Property, plant and equipment | 114 | 120 | 127 | 116 | 76 | ||||
Intangible assets, net (including goodwill), including: | 22 | 36 | 952 | 936 | 929 | 1,005 | |||
Goodwill | 821 | 898 | 907 | 884 | 868 | 929 | |||
Intangible assets, net (excluding goodwill) | 22 | 36 | 45 | 51 | 61 | 76 | |||
Other undisclosed intangible assets, net (including goodwill) | (821) | (898) | |||||||
Deferred income tax assets | 18 | 51 | 33 | 24 | ✕ | ✕ | |||
Total noncurrent assets: | 242 | 292 | 1,197 | 1,044 | 1,044 | 1,081 | |||
Other undisclosed assets | 4,122 | 4,127 | 3,478 | 3,573 | 3,334 | 3,090 | |||
TOTAL ASSETS: | 4,508 | 4,608 | 4,865 | 4,910 | 4,632 | 4,491 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 2,941 | 3,056 | 3,373 | 3,586 | 3,576 | 3,528 | |||
Other undisclosed long-term debt and lease obligation | 2,941 | 3,056 | 3,373 | 3,586 | 3,576 | 3,528 | |||
Total noncurrent liabilities: | 2,941 | 3,056 | 3,373 | 3,586 | 3,576 | 3,528 | |||
Other undisclosed liabilities | 388 | 367 | 271 | 298 | 236 | 239 | |||
Total liabilities: | 3,329 | 3,423 | 3,644 | 3,885 | 3,812 | 3,767 | |||
Temporary equity, carrying amount | 152 | ||||||||
Equity | |||||||||
Equity, attributable to parent | 1,180 | 1,185 | 1,218 | 1,022 | 818 | 582 | |||
Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
Additional paid in capital | 230 | 223 | 208 | 43 | |||||
Accumulated other comprehensive loss | (99) | (54) | (69) | (89) | (111) | (77) | |||
Retained earnings | 1,278 | 1,239 | 1,056 | 888 | 720 | 616 | |||
Equity, attributable to noncontrolling interest | 2 | 3 | 2 | (10) | |||||
Total equity: | 1,180 | 1,185 | 1,220 | 1,025 | 820 | 572 | |||
TOTAL LIABILITIES AND EQUITY: | 4,508 | 4,608 | 4,865 | 4,910 | 4,632 | 4,491 |
Income Statement (P&L) ($ in millions)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 1,398 | 1,614 | 1,501 | 1,406 | 1,321 | 1,187 | ||
Cost of revenue (Financing Interest Expense) | (9) | (51) | ||||||
Gross profit: | 1,398 | 1,605 | 1,450 | 1,406 | 1,321 | 1,187 | ||
Operating expenses | (936) | (981) | (968) | (951) | (957) | (862) | ||
Other undisclosed operating income (loss) | 9 | 51 | (8) | 41 | ||||
Operating income: | 462 | 633 | 534 | 446 | 405 | 325 | ||
Nonoperating expense | (151) | (197) | (251) | (245) | (249) | (193) | ||
Interest and debt expense | (153) | (9) | (41) | (227) | (240) | (204) | ||
Other undisclosed income from continuing operations before equity method investments, income taxes | 41 | 204 | ||||||
Income (loss) from continuing operations before equity method investments, income taxes: | 158 | 427 | 283 | (26) | (84) | 131 | ||
Other undisclosed income from continuing operations before income taxes | 153 | 9 | 227 | 240 | ||||
Income from continuing operations before income taxes: | 311 | 437 | 283 | 201 | 156 | 131 | ||
Income tax expense | (116) | (85) | (70) | (32) | (47) | (52) | ||
Income (loss) from continuing operations: | 195 | 351 | 213 | 169 | 110 | 79 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | 351 | 213 | 169 | 110 | 79 | |
Loss from discontinued operations | (0) | |||||||
Net income (loss): | 195 | 351 | 213 | 169 | 110 | 79 | ||
Net income (loss) attributable to noncontrolling interest | (0) | (1) | (1) | 6 | 4 | |||
Net income (loss) available to common stockholders, diluted: | 195 | 351 | 212 | 168 | 116 | 83 |
Comprehensive Income ($ in millions)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | 195 | 351 | 213 | 169 | 110 | 79 | ||
Other comprehensive income (loss) | (45) | 15 | 20 | 23 | (36) | 27 | ||
Other undisclosed comprehensive income (loss) | (3) | 3 | ||||||
Comprehensive income: | 149 | 366 | 232 | 192 | 71 | 108 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | (1) | (2) | 12 | 2 | |||
Comprehensive income, net of tax, attributable to parent: | 149 | 366 | 232 | 190 | 82 | 111 |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.