ENCORE CAPITAL GROUP, INC. ECPG Income Statement

Encore capital group, inc. (ECPG)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Revenue from receivable portfolios
1,315,495	1,269,288	1,237,974	1,217,114	1,197,281	1,167,132	1,145,132	1,113,799	1,084,544	1,053,373	1,110,981	1,006,491	1,010,536	1,030,792	962,819	1,068,808	1,071,657	1,065,673	1,055,182	1,041,444	1,019,374	992,832	964,360	937,962	841,755	744,870	657,688	572,983	559,690	545,412	522,270	497,431	469,793	448,714	426,084	402,086	0	0	0
Changes in expected current and future recoveries
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Servicing revenue
121,184	126,527	132,778	138,962	146,099	148,044	141,133	126,856	106,084	90,087	83,612	80,382	83,691	82,643	78,901	72,411	62,782	57,531	51,078	51,132	52,920	50,597	45,058	37,405	23,636	12,588	6,899	1,290	0	-	0	0	-	-	-	-	-	-	-
Other revenues
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income - tax lien business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Interest expense - tax lien business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Net interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,899	20,226	17,128	15,906	15,808	13,761	0	-	0	0	-	-	-	-	-	-	-
Servicing fees and other related revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Total revenues
1,349,160	1,405,789	1,376,662	1,361,986	1,349,290	1,320,557	1,288,607	1,242,997	1,192,970	1,145,802	1,194,593	1,086,873	1,094,227	1,113,435	1,041,720	1,141,219	1,134,439	1,123,204	1,086,569	1,080,937	1,067,470	1,043,429	1,033,317	995,593	882,519	773,364	680,173	589,833	574,958	556,777	524,376	495,001	464,848	448,746	435,206	415,594	0	0	0
Allowance reversals on receivable portfolios, net
-9,475	-8,108	21,946	17,460	33,029	41,473	59,841	75,376	48,915	41,236	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues, adjusted by net allowances
1,339,685	1,397,681	1,398,608	1,379,446	1,382,319	1,362,030	1,330,790	1,300,715	1,241,885	1,187,038	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expenses
Salaries and employee benefits
377,629	376,365	377,910	376,906	371,639	369,064	370,299	351,897	336,723	315,742	289,469	280,020	279,733	281,097	281,089	276,301	266,371	262,281	249,391	247,571	246,357	238,942	234,653	225,731	194,345	165,040	142,247	115,391	107,612	101,084	94,440	89,130	81,069	77,805	72,422	68,819	0	0	0
Stock-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Cost of legal collections
219,922	202,670	199,067	200,569	200,376	205,204	206,181	203,802	205,956	200,058	192,268	201,106	194,504	200,855	217,060	218,888	229,157	229,847	222,899	217,881	210,834	205,661	202,861	200,072	194,526	186,959	183,194	175,785	172,326	168,703	162,889	159,514	159,176	157,050	151,215	142,281	0	0	0
Other operating expenses
105,983	108,433	116,369	121,307	130,800	134,934	132,167	127,335	112,326	104,938	101,566	99,838	100,754	100,737	100,352	98,438	95,227	93,210	86,016	85,860	87,837	89,934	92,727	89,722	79,807	66,649	56,203	51,976	50,606	48,939	46,312	41,387	37,210	35,708	37,762	36,885	0	0	0
Collection agency commissions
61,039	63,865	60,266	53,605	52,196	47,948	44,612	44,552	43,895	43,703	41,577	39,803	37,583	36,141	37,568	38,101	37,293	37,858	36,600	36,736	35,752	33,343	35,655	40,296	38,044	33,097	25,697	15,766	14,702	15,332	15,740	14,777	14,207	14,162	16,163	19,312	0	0	0
General and administrative expenses
140,586	148,256	145,524	149,249	158,615	158,352	178,493	169,100	164,046	158,080	133,752	136,123	132,125	134,046	138,777	190,695	195,399	191,357	185,093	133,836	134,480	139,977	142,792	140,746	130,065	109,713	92,896	73,501	64,482	61,798	56,129	52,742	43,249	39,760	36,944	33,665	0	0	0
Depreciation and amortization
41,319	41,029	39,732	39,605	40,787	41,228	45,390	44,039	41,788	39,977	34,559	34,069	33,632	34,868	35,230	35,241	34,884	33,160	31,280	30,170	29,121	27,101	24,899	22,489	17,818	13,547	10,174	7,184	6,446	5,840	5,209	4,730	4,268	4,081	3,881	3,579	0	0	0
Goodwill impairment
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
957,196	951,336	949,586	941,241	954,413	956,730	977,142	940,725	904,734	862,498	793,191	790,959	778,331	787,744	810,076	857,664	858,331	847,713	811,279	752,054	744,381	734,958	733,587	719,056	654,605	575,005	510,411	439,603	416,174	401,696	377,144	358,705	337,414	328,566	323,511	311,111	0	0	0
Income from operations
382,489	446,345	449,022	438,205	427,906	405,300	353,648	359,990	337,151	324,540	347,750	222,698	233,851	241,514	238,407	290,318	282,871	282,254	275,290	328,883	323,089	308,471	299,730	276,537	227,914	198,359	169,762	150,230	158,784	155,081	147,232	136,296	127,434	120,180	111,695	104,483	0	0	0
Other (expense) income
Interest expense
226,455	226,760	230,201	240,930	237,553	240,048	234,784	222,445	212,425	204,161	200,916	196,793	196,874	198,367	200,107	199,291	194,944	186,556	178,633	174,315	171,283	166,942	154,425	140,113	104,377	73,269	50,062	27,888	26,903	25,564	24,003	22,166	21,038	21,116	21,065	20,770	0	0	0
Other income (expense)
-13,928	-18,343	-19,569	-10,562	-13,933	-8,764	-6,118	5,294	12,438	10,847	11,874	7,101	7,706	14,228	15,005	9,981	7,242	2,235	1,893	2,285	1,965	113	-152	81	-4,116	-4,222	-4,230	-3,321	695	808	572	-380	-239	-395	-43	209	0	0	0
Total other expense
-240,383	-245,103	-249,770	-251,492	-251,486	-248,812	-240,902	-217,151	-199,987	-193,314	-189,042	-189,692	-189,168	-184,139	-185,102	-189,310	-187,702	-184,321	-176,740	-172,030	-169,318	-166,829	-154,577	-140,032	-108,493	-77,491	-54,292	-31,209	-26,208	-24,756	-23,431	-22,546	-21,277	-21,511	-21,108	-20,561	0	0	0
(Loss) income before income taxes
142,142	201,242	199,237	186,698	176,405	156,488	112,746	142,839	137,164	131,226	158,708	33,006	44,683	57,375	53,305	101,008	95,169	97,933	98,550	156,853	153,771	141,642	145,153	136,505	119,421	120,868	115,470	119,021	132,576	130,325	123,801	113,750	106,157	98,669	90,587	83,922	0	0	0
Provision for income taxes
33,233	32,333	27,552	41,452	40,952	46,752	46,307	47,251	49,482	52,049	71,816	40,204	40,124	38,205	13,819	21,226	22,696	27,162	35,837	52,352	51,441	48,569	51,184	51,302	44,559	45,388	43,471	47,086	52,665	51,754	48,559	44,506	41,135	38,076	34,542	31,457	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	79,177	86,892	-7,198	4,559	19,170	39,486	79,782	72,473	70,771	0	0	0	-	-	-	-	-	0	-	-	78,571	73,714	67,172	0	-	0	0	-	-	-
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-199	630	630	630	-2,353	-32,396	-30,110	-28,449	-23,387	0	0	0	-	-	-	-	-	0	-	-	-9,094	-9,034	-9,025	0	-	0	0	-	-	-
Net (loss) income
108,888	168,909	171,710	145,313	135,465	109,736	66,482	95,610	87,712	78,978	87,522	-6,568	5,189	16,817	7,090	49,672	44,024	47,384	73,745	113,247	109,415	98,278	92,537	83,463	73,122	73,740	72,832	0	0	-	0	-	-	-	-	-	-	-	-
Net loss (income) attributable to noncontrolling interest
727	1,040	-110	-8,363	-7,848	-6,150	-15,049	6,610	4,755	-4,250	-5,837	-70,209	-67,785	-59,753	-45,680	6,337	2,620	2,249	972	-820	-556	-5,448	-7,492	-8,117	-5,909	-1,559	0	0	0	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to Encore Capital Group, Inc. stockholders
108,161	167,869	171,820	153,676	143,313	115,886	81,531	89,000	82,957	83,228	93,359	63,641	72,974	76,570	52,770	43,335	41,404	45,135	72,773	114,067	109,971	103,726	100,029	91,580	79,031	75,299	72,513	71,935	77,519	69,477	66,444	60,506	58,685	60,958	56,114	52,474	0	0	0
Amounts attributable to Encore Capital Group, Inc.:
Income from continuing operations
-	-	-	-	-	-	-	-	-	83,427	92,729	63,011	72,344	78,923	85,166	73,445	69,853	68,522	0	0	0	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-199	630	630	630	-2,353	-32,396	-30,110	-28,449	-23,387	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Encore Capital Group, Inc. stockholders
108,161	167,869	171,820	153,676	143,313	115,886	81,531	89,000	82,957	83,228	93,359	63,641	72,974	76,570	52,770	43,335	41,404	45,135	72,773	114,067	109,971	103,726	100,029	91,580	79,031	75,299	72,513	71,935	77,519	69,477	66,444	60,506	58,685	60,958	56,114	52,474	0	0	0
(Loss) earnings per share attributable to Encore Capital Group, Inc.:
Basic earnings (loss) per share from:
Continuing operations (USD per share)
-	-	-	-	-	-	-	-	-	0.49	1.08	0.78	0.86	0.85	-0.06	1.15	1.13	1.12	-0.52	1.00	1.06	-	-	-	-	-	0.87	-	-	0.82	0.85	0.76	0.73	-	0.62	0.60	-	-	-
Discontinued operations (USD per share)
-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-0.01	0.03	0.00	0.00	-0.12	-1.14	0.09	0.07	0.07	-	-	-	-	-	-0.01	-	-	0.00	0.00	-0.09	-0.27	-	0.00	0.00	-	-	-
Basic (USD per share)
-0.33	1.39	1.24	1.17	1.58	1.55	0.69	1.01	0.84	0.49	1.08	0.78	0.85	0.88	-0.06	1.15	1.01	-0.02	-0.43	1.07	1.13	1.03	1.17	0.91	0.90	0.90	0.86	0.46	0.83	0.82	0.85	0.67	0.46	0.70	0.62	0.60	0.56	0.51	0.49
Diluted earnings (loss) per share from:
Continuing operations (USD per share)
-	-	-	-	-	-	-	-	-	0.49	1.05	0.77	0.85	0.85	-0.06	1.14	1.12	1.11	-0.52	0.97	1.01	-	-	-	-	-	0.82	-	-	0.78	0.82	0.74	0.70	-	0.60	0.58	-	-	-
Discontinued operations (USD per share)
-	-	-	-	-	-	-	-	-	-0.01	0.00	0.00	0.00	0.04	0.00	0.00	-0.13	-1.10	0.09	0.06	0.07	-	-	-	-	-	-0.01	-	-	0.00	0.01	-0.10	-0.26	-	0.00	0.00	-	-	-
Diluted (USD per share)
-0.33	1.36	1.23	1.17	1.57	1.54	0.69	1.00	0.83	0.48	1.05	0.77	0.85	0.89	-0.06	1.14	0.99	0.01	-0.43	1.03	1.08	0.98	1.11	0.86	0.82	0.82	0.81	0.44	0.80	0.79	0.82	0.64	0.44	0.65	0.60	0.58	0.54	0.49	0.47
Weighted average shares outstanding:
Basic (shares)
31,308	31,076	31,338	31,225	31,201	31,179	29,867	26,150	26,056	26,018	26,011	25,983	25,876	25,783	25,777	25,742	25,550	25,481	25,450	25,885	26,072	25,986	25,879	25,798	25,749	25,689	25,535	23,966	23,446	24,651	25,071	24,919	24,779	24,957	24,638	24,433	24,260	23,947	23,713
Diluted (shares)
31,308	31,454	31,657	31,426	31,359	31,342	30,121	26,409	26,416	26,406	26,736	26,391	26,087	26,117	25,777	25,874	25,868	26,904	25,450	26,919	27,315	26,960	27,332	27,492	28,196	28,364	27,183	24,855	24,414	25,732	26,047	25,825	25,740	26,095	25,604	25,610	25,451	25,154	24,958
Unrealized loss on derivative instruments, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-
Income tax (provision) benefit related to unrealized gain (loss) on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
Other comprehensive loss, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-