PRA Group Inc. (PRAA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
120 CORPORATE BLVD STE 100 NORFOLK, VA 23502 |
| 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 thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 112,528 | 83,376 | 87,584 | 108,613 | 119,774 | 120,448 | |||
| Cash and cash equivalents | 112,528 | 83,376 | 87,584 | 108,613 | 119,774 | 98,695 | |||
| Short-term investments | 21,753 | ||||||||
| Receivables | 3,684,311 | 31,774 | 41,146 | 21,928 | 17,918 | 16,809 | |||
| Total current assets: | 3,796,839 | 115,150 | 128,730 | 130,541 | 137,692 | 137,257 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 45,877 | 54,506 | 56,713 | 52,951 | ✕ | ||||
| Property, plant and equipment | 36,450 | 51,645 | 54,513 | 58,356 | 56,501 | 54,136 | |||
| Long-term investments and receivables | 10,483 | 8,762 | 8,048 | 8,398 | 10,229 | 10,370 | |||
| Long-term investments | 10,483 | 8,762 | 8,048 | 8,398 | 10,229 | 10,370 | |||
| Intangible assets, net (including goodwill) | 431,564 | 435,921 | 480,263 | 492,989 | 485,291 | 469,638 | |||
| Goodwill | 431,564 | 435,921 | 480,263 | 492,989 | 480,794 | 464,116 | |||
| Intangible assets, net (excluding goodwill) | 4,497 | 5,522 | |||||||
| Estimated insurance recoveries | 1,000 | 4,000 | |||||||
| Deferred income tax assets | 74,694 | 56,908 | 67,760 | 83,205 | ✕ | ||||
| Total noncurrent assets: | 599,068 | 607,742 | 667,297 | 695,899 | 553,021 | 538,144 | |||
| Other undisclosed assets | 129,447 | 3,452,782 | 3,570,216 | 3,626,621 | 3,733,178 | 3,234,158 | |||
| TOTAL ASSETS: | 4,525,354 | 4,175,674 | 4,366,243 | 4,453,061 | 4,423,891 | 3,909,559 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Other liabilities | 32,638 | 54,986 | 26,211 | 7,370 | |||||
| Total current liabilities: | 32,638 | 54,986 | 26,211 | 7,370 | |||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 3,253,340 | 2,888,924 | 3,041,406 | 3,024,549 | 3,170,667 | 2,771,887 | |||
| Total liabilities: | 3,285,978 | 2,888,924 | 3,041,406 | 3,079,535 | 3,196,878 | 2,779,257 | |||
| Temporary equity, carrying amount | 6,333 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,167,112 | 1,227,661 | 1,286,346 | 1,341,917 | 1,169,388 | 1,095,120 | |||
| Additional paid in capital | 7,071 | 2,172 | 75,282 | 67,321 | 60,303 | ||||
| Accumulated other comprehensive loss | (329,899) | (347,926) | (266,909) | (245,791) | (261,018) | (242,109) | |||
| Retained earnings | 1,489,548 | 1,573,025 | 1,552,845 | 1,511,970 | 1,362,631 | 1,276,473 | |||
| Other undisclosed equity, attributable to parent | 392 | 390 | 410 | 456 | 454 | 453 | |||
| Equity, attributable to noncontrolling interest | 72,264 | 59,089 | 38,491 | 31,609 | 57,625 | 28,849 | |||
| Total equity: | 1,239,376 | 1,286,750 | 1,324,837 | 1,373,526 | 1,227,013 | 1,123,969 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,525,354 | 4,175,674 | 4,366,243 | 4,453,061 | 4,423,891 | 3,909,559 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 802,554 | 966,524 | 1,095,732 | 1,065,414 | 1,017,081 | 908,256 | ||
| Gross profit: | 802,554 | 966,524 | 1,095,732 | 1,065,414 | 1,017,081 | 908,256 | ||
| Operating expenses | (702,062) | (680,722) | (720,736) | (715,713) | (745,369) | (689,571) | ||
| Other undisclosed operating loss | (24,025) | (33,425) | ||||||
| Operating income: | 100,492 | 285,802 | 374,996 | 349,701 | 247,687 | 185,260 | ||
| Nonoperating income (expense) | (1,655) | (340) | (527) | 956 | 11,590 | (1,260) | ||
| Gain (loss), foreign currency transaction, before tax | 289 | 985 | (809) | 2,005 | 11,954 | (944) | ||
| Other nonoperating income (expense) | (1,944) | (1,325) | 282 | (1,049) | (364) | (316) | ||
| Interest and debt expense | (194,667) | (132,905) | (125,231) | (142,727) | (144,165) | (124,208) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1,015 | 2,247 | 29,705 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (95,830) | 152,557 | 249,238 | 208,945 | 117,359 | 89,497 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 12,943 | 2,228 | 1,088 | |||||
| Income (loss) from continuing operations before income taxes: | (82,887) | 154,785 | 250,326 | 208,945 | 117,359 | 89,497 | ||
| Income tax expense (benefit) | 16,133 | (36,787) | (54,817) | (41,203) | (19,680) | (13,763) | ||
| Income (loss) from continuing operations: | (66,754) | 117,998 | 195,509 | 167,742 | 97,679 | 75,734 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 195,509 | 167,742 | 97,679 | 75,734 | |
| Net income (loss): | (66,754) | 117,998 | 195,509 | 167,742 | 97,679 | 75,734 | ||
| Net loss attributable to noncontrolling interest | (16,723) | (851) | (12,351) | (18,403) | (11,521) | (10,171) | ||
| Net income (loss) available to common stockholders, diluted: | (83,477) | 117,147 | 183,158 | 149,339 | 86,158 | 65,563 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (66,754) | 117,998 | 195,509 | 167,742 | 97,679 | 75,734 | ||
| Other comprehensive income (loss) | 24,619 | (72,133) | (28,589) | (34) | (19,452) | |||
| Other undisclosed comprehensive loss | (63,544) | |||||||
| Comprehensive income (loss): | (42,135) | 45,865 | 166,920 | 167,708 | 78,227 | 12,190 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (23,315) | (9,735) | (4,880) | (3,141) | (10,978) | (10,129) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (65,450) | 36,130 | 162,040 | 164,567 | 67,249 | 2,061 | ||
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.