Pra group, inc (PRAA)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities:
Net income

97,679

75,734

171,125

92,050

168,131

176,505

176,919

126,099

101,144

73,871

44,306

45,362

Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation expense

10,717

8,521

8,678

6,138

16,325

14,968

12,272

11,282

7,759

4,203

3,820

141

Depreciation and amortization

17,464

19,322

19,763

24,359

19,874

18,414

14,417

14,515

12,943

12,437

9,213

7,424

Gain (Loss) on Disposition of Assets

0

26,575

48,474

0

0

-

-

-

-

-

-

-

Amortization of debt discount and issuance costs

22,987

22,057

18,152

10,276

4,260

4,058

1,508

0

0

-

-

-

Amortization of debt fair value

-

-

-

-

-

4,827

0

0

-

-

-

-

Impairment of investments

0

0

1,745

5,823

0

0

-

-

-

-

-

-

Impairment of goodwill

-

-

-

-

-

-

6,397

0

0

-

-

-

Deferred income taxes

-37,561

-56,208

-130,138

-21,314

-8,569

52,978

11,011

-8,621

28,927

47,493

28,927

30,854

Net unrealized foreign currency transactions

4,543

-5,730

1,098

2,364

7,514

-5,829

-

-

-

-

-

-

Certain Loans Acquired In Transfer, Not Accounted For As Debt Securities, Net Allowance Charge

24,025

33,425

11,898

98,479

-

-

-

-

-

-

-

-

Fair value in earnings for equity securities

5,826

3,502

0

0

-

-

-

-

-

-

-

-

Net foreign currency transaction (gain)/loss

-

-

-

-

-

-

0

-

-

-

-

-

Gain on sale of property

-

-

-

-

-

-

-

-

1,157

0

-

-

Changes in operating assets and liabilities:
Other assets

-3,313

2,180

460

-1,861

-2,015

1,794

4,783

-1,523

54

-1,204

1,862

555

Other receivables, net

-6,300

4,269

3,461

-10,016

18,124

-9,435

1,786

474

-1,070

-237

891

1,663

Accounts payable

-2,070

1,321

2,743

-2,087

786

-20,265

-928

1,049

4,212

-881

670

-1,167

Income taxes payable, net

-12,375

9,390

-22,715

-13,663

10,121

16,862

-14,814

-11,193

15,472

2,097

-873

-385

Accrued expenses

11,632

-1,334

-5,752

-9,724

17,246

9,746

28,958

469

2,118

-892

192

-413

Other liabilities

1,149

-566

-2,498

6,053

-1,553

-14,007

-4,044

-

-

-

-

-

Right of use asset/lease liability

731

0

0

-

-

-

-

-

-

-

-

-

Accrued compensation

-

-

-

-

-

-

-

-3,237

591

3,812

1,783

2,120

Net cash provided by operating activities

133,388

80,866

15,475

205,903

202,998

267,902

225,127

131,412

173,025

143,581

85,285

81,718

Cash flows from investing activities:
Purchases of property and equipment

18,033

20,521

22,840

14,160

14,454

24,385

15,875

7,115

9,634

9,546

4,521

6,139

Proceeds from sale of property

-

-

-

-

-

-

-

-

1,267

0

-

-

Acquisition of finance receivables

1,231,351

1,105,759

1,086,029

890,803

954,954

682,441

638,616

457,068

398,999

357,530

282,023

273,746

Collections applied to principal on finance receivables

-842,910

-733,306

-717,170

-646,844

-674,373

571,338

478,891

378,049

303,595

219,662

152,391

120,213

Purchase of investments

83,291

42,622

6,688

6,052

48,085

69,862

0

0

-

-

-

-

Proceeds from sales and maturities of investments

75,008

25,909

10,123

6,898

62,217

25,821

0

0

-

-

-

-

Business acquisition, net of cash acquired

57,610

0

-

60,241

1,423

851,183

0

148,995

985

23,000

-

26,041

Cash received upon consolidation of Polish investment fund

0

17,531

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of subsidiaries, net

31,177

4,905

93,304

0

0

-

-

-

-

-

-

-

Proceeds received from due from seller

-

-

-

-

-

-

-

-29,548

0

0

-

-

Contingent payment made for business acquisition

-

-

-

-

-

-

-

-

-

117

100

-

Net cash used in investing activities

-441,190

-387,251

-294,960

-317,514

-282,326

-1,030,712

-175,600

-205,581

-104,756

-170,531

-134,253

-185,713

Cash flows from financing activities:
Proceeds from exercise of options

-

-

-

-

-

-

-

-

150

57

1,915

607

Tax benefit from share-based compensation

-

-

-

-

-

5,558

4,552

2,138

641

256

923

357

Payment of liability-classified contingent consideration

-

-

-

-

-

-

5,240

0

0

-2,000

-

-

Proceeds from lines of credit

1,340,700

737,464

1,260,161

985,751

790,967

543,000

217,000

294,000

32,000

177,500

123,500

171,300

Principal payments on lines of credit

728,282

403,348

1,549,833

1,007,234

463,733

134,000

344,000

187,000

112,000

196,800

72,500

71,000

Principal payments on notes payable and long-term debt

313,165

10,000

15,021

193,580

47,374

359,281

5,542

704

1,150

672

537

-

Adjustment of the redeemable noncontrolling interest measurement amount

-

-

-

-

-

-

184

3,597

4,112

0

-

-

Purchase of noncontrolling interest

-

-

-

-

-

-

14,986

0

0

-

-

-

Payments of origination costs and fees

0

2,260

18,240

17,539

5,000

0

0

4,994

0

3,819

-

-

Payments of origination cost and fees

1,255

1,664

0

0

-

-

5,663

0

0

-

-

-

Proceeds from long-term debt

0

0

310,000

297,893

0

623,354

0

0

-

1,569

2,036

-

Proceeds from convertible debt

0

0

345,000

0

0

-

279,281

0

0

-

-

-

Repurchases of common stock

0

0

44,909

0

165,501

33,164

58,511

22,735

0

0

-

-

Tax withholdings related to share-based payments

1,609

2,087

3,022

2,850

11,947

-

-

-

-

-

-

-

Proceeds from stock offering, net of offering costs

-

-

-

-

-

-

-

-

-

71,688

-

-

Distributions paid to noncontrolling interest

6,877

14,486

1,429

934

0

0

2,075

0

2,307

0

-

-

Contributions from noncontrolling interest

24,675

0

0

-

-

-

-

-

-

-

-

-

Net (decrease)/increase in interest-bearing deposits

27,427

-8,693

12,991

32,905

22,721

2,492

0

0

-

-

-

-

Other financing activities

-2,091

0

0

0

0

-

-

-

-

-

-

-

Principal payments on capital lease obligations

-

-

-

-

-

-

-

-

-

-

5

98

Net cash provided by financing activities

339,523

294,926

295,698

94,412

120,133

647,959

79,802

80,705

-82,666

47,779

55,332

101,166

Effect of exchange rate on cash

-6,609

-10,362

10,016

40,114

-9,094

-7,492

-12

-546

0

0

-

-

Net increase in cash and cash equivalents

25,112

-21,821

26,229

22,915

31,711

-122,343

129,317

5,990

-14,397

20,829

6,364

-2,829

Supplemental disclosure of cash flow information:
Cash paid for interest

119,424

97,475

79,825

67,987

49,777

31,831

9,830

9,566

10,280

9,398

8,004

11,322

Cash paid for income taxes

68,979

73,483

144,341

78,754

86,255

47,947

105,719

98,738

23,641

107

365

3

Cash, cash equivalents and restricted cash reconciliation:
Common stock issued for acquisition

-

-

-

-

-

-

-

-

-

4,950

1,170

1,847

Net unrealized change in fair value of derivative instrument

-

-

-

-

-

-

-

-

-

701

-790

89

Distributions payable relating to the redeemable noncontrolling interest

-

-

-

-

-

-

-

261

67

1,291

-

-

Employee stock relinquished for payment of taxes

-

-

-

-

-

-

-

3,593

257

0

-

-

Conversion of revolving line of credit to long-term debt

-

-

-

-

-

-

-

200,000

0

0

-

-