PRA Group, Inc PRAA Cash Flow

Pra group, inc (PRAA)

CashFlow / Quarterly

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
22,436	31,019	27,548	22,200	16,912	18,326	12,552	21,624	23,232	90,767	16,893	13,850	49,615	-14,189	36,518	36,868	32,853	40,988	17,583	51,425	58,135	-	-	-	40,840	45,777	49,211	43,414	38,517	35,732	33,127	32,051	25,189	26,666	25,193	25,576	23,709	20,629	18,759	19,678	14,805
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation expense
2,857	2,809	2,974	2,620	2,314	1,599	2,361	2,146	2,415	2,415	2,218	1,846	2,199	-3,330	3,332	2,699	3,437	4,790	3,870	4,029	3,636	5,512	4,019	2,601	2,836	2,063	3,558	3,665	2,986	2,921	2,785	3,229	2,347	1,649	1,488	2,008	2,614	1,089	1,040	1,194	880
Depreciation and amortization
4,084	4,123	4,046	4,723	4,572	5,092	4,776	4,525	4,929	4,666	4,841	5,041	5,215	6,020	6,184	6,085	6,070	4,935	5,413	4,916	4,610	5,307	4,949	4,211	3,947	3,764	3,753	3,534	3,366	3,682	3,623	3,554	3,656	3,188	3,223	3,316	3,216	3,387	3,294	3,206	2,550
Gain (Loss) on Disposition of Assets
-	-	-	-	-	-	-	-	-	0	307	1,322	46,845	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount and issuance costs
5,857	5,807	5,777	5,725	5,678	5,709	5,482	5,436	5,430	5,324	5,301	4,444	3,083	2,826	2,014	2,690	2,746	1,082	1,074	1,056	1,048	1,031	1,022	1,007	998	983	525	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Financing Receivable, Allowance For Credit Loss, Changes In Estimated Recoveries
-12,800	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-12,755	-12,661	387	-15,293	-9,994	780	-24,183	-22,667	-10,138	-80,164	-17,122	-32,877	25	-20,590	-9,174	3,635	4,815	-20,043	4,202	-345	7,617	21,923	15,115	5,128	10,812	8,652	-129	1,959	529	-1,244	-4,133	-3,647	403	1,600	4,156	9,099	14,072	13,125	12,487	12,811	9,070
Net unrealized foreign currency transactions
-24,873	921	-3,815	805	6,632	-5,892	617	-922	467	2,401	-2,160	-866	1,723	-3,125	5,008	786	-305	301	-3,160	3,584	6,789	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Certain Loans Acquired In Transfer, Not Accounted For As Debt Securities, Net Allowance Charge
0	12,598	4,136	1,196	6,095	21,381	8,285	2,834	925	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value in earnings for equity securities
7,566	-1,095	5,473	-691	2,139	-21	742	2,372	409	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net foreign currency transaction gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Other assets
1,242	-662	-788	-1,313	-550	5,641	-5,146	-4,102	5,787	186	-2,399	4,510	-1,837	1,670	-1,623	-44,726	42,818	-17,216	14,794	4,608	-4,201	3,416	-5,496	-1,622	5,496	3,636	-137	-786	2,070	-1,876	232	832	-711	-899	242	1,553	-842	-1,448	595	-964	613
Other receivables, net
545	-5,281	1,959	-4,267	1,289	6,959	-1,617	463	-1,536	4,803	-462	-5,624	4,744	-2,835	-6,042	-3,443	2,304	5,207	7,433	1,608	3,876	-5,210	-4,259	855	-821	289	1,451	1,195	-1,149	2,053	-259	1,602	-2,922	1,400	-221	-686	-1,563	1,143	-370	-593	-417
Accounts payable
221	818	68	-2,408	-548	2,473	-1,297	2,894	-2,749	1,501	214	380	648	-608	-713	1,007	-1,773	3,548	-2,247	-5,805	5,290	-3,937	-21,159	1,708	3,123	-3,165	4,870	-3,221	588	1,905	-424	3,255	-3,687	2,291	-179	-2,171	4,271	-2,512	294	366	971
Income taxes payable, net
3,835	9,448	-13,057	4,274	-13,040	-8,213	18,460	-10,841	9,984	-12,023	-16,874	-21,526	27,708	169	2,130	-21,035	5,073	23,526	-10,563	-13,942	11,100	16,973	-5,776	-5,030	10,695	-9,752	686	-24,836	19,088	-4,169	-1,174	-6,968	1,118	10,458	-226	1,300	3,940	240	-726	-438	3,021
Accrued expenses
-8,990	-2,256	15,867	-3,532	1,553	-375	4,808	-4,709	-1,058	1,446	4,988	-6,660	-5,526	2,620	7,566	-15,536	-4,374	7,767	29,903	1,328	-21,752	2,621	14,275	18,098	-25,248	20,354	1,291	9,816	-2,503	-462	3,947	403	-3,419	-124	1,714	2,290	-1,762	-1,086	-131	567	-242
Other liabilities
994	4,633	-5,283	-9,089	10,888	-719	591	-7,237	6,799	7,130	-1,892	-10,254	2,518	5,488	-14,934	6,338	9,161	-793	-732	-791	763	-4,404	-2,653	-12,877	5,927	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right of use asset/lease liability
66	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
0	-	111	109	37	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,903	5,294	-3,537	-438	1,648	4,734	-9,181	4,627	846	4,263	-9,145	4,998	1,323	826	-3,335
Net cash provided by operating activities
46,806	62,695	39,745	15,991	14,957	12,791	37,239	-3,806	34,642	16,983	12,894	-47,053	32,651	86,998	35,580	70,134	13,191	77,508	29,436	32,071	63,983	95,477	63,861	59,317	49,247	53,047	74,751	39,216	58,113	37,750	39,426	34,177	20,059	49,854	36,194	43,657	43,320	40,175	36,115	39,767	27,524
Cash flows from investing activities:
Purchases of property and equipment
7,639	3,143	9,244	1,153	4,493	3,766	5,452	3,386	7,917	12,786	3,200	3,916	2,938	2,618	2,092	3,067	6,383	3,934	4,997	2,311	3,212	7,872	3,289	6,808	6,416	5,962	3,274	4,173	2,466	1,753	2,410	1,800	1,152	4,783	1,169	1,519	2,163	3,384	1,378	3,078	1,706
Acquisition of finance receivables
271,845	398,356	283,618	284,745	264,632	484,258	235,678	219,910	165,913	367,476	204,517	287,944	226,092	193,009	159,672	216,528	321,594	224,962	342,134	204,030	183,828	269,701	160,572	102,081	150,087	92,415	138,854	194,958	212,389	127,624	100,056	121,212	108,176	84,837	119,256	88,501	106,405	83,672	88,984	84,608	100,266
Recoveries applied to negative allowance
236,656	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collections applied to principal on finance receivables
0	-1,492,046	205,746	221,055	222,335	-1,294,932	166,054	187,616	207,956	-1,261,471	175,174	183,832	185,295	-1,176,925	169,061	183,194	177,826	-1,187,846	172,569	169,560	171,344	150,768	148,417	136,756	135,397	110,198	120,195	127,827	120,671	91,142	93,299	99,838	93,770	77,581	79,293	75,978	70,743	59,581	57,351	51,486	51,244
Proceeds from/(purchase of) investments
-36	-	-	-	82,616	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investments
-	-	-	-	-	18,230	9,221	1,247	13,924	3,119	0	0	3,569	5,672	380	0	0	2,572	2,506	302	42,705	69,862	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales and maturities of investments
612	237	31,760	71	42,940	5,054	17,336	3,423	96	2,641	1,245	3,330	2,907	-3,401	1,462	3,269	5,568	3,666	14,903	2,459	41,189	25,821	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business acquisition, net of cash acquired
0	0	0	0	57,610	0	0	0	0	-	-	-	-	-6,720	1,785	40,158	25,018	0	1,423	0	0	-	-	-	-	-	-	-	-	100,342	0	0	48,653	-	-	-	-	0	0	500	22,500
Proceeds from sale of subsidiaries, net
0	0	0	0	31,177	4,905	0	0	0	0	307	3,920	89,077	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent payment made for business acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100
Net cash used in investing activities
-42,180	-208,109	-55,378	-64,804	-112,899	-324,615	-49,430	-33,504	20,298	-207,871	-30,991	-100,778	44,680	-81,217	6,594	-73,290	-169,601	-66,902	-163,588	-34,624	-17,212	-170,846	-866,627	27,867	-21,106	11,821	-21,933	-71,304	-94,184	-109,029	-9,167	-23,174	-64,211	-13,024	-41,132	-12,775	-37,825	-27,488	-33,011	-36,704	-73,328
Cash flows from financing activities:
Proceeds from exercise of options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	0	149	-	-	-	-
Tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25	13	4,127	1,399	7	37	4,115	1,810	83	452	2,207	654	49	-5	1,440	138	44	165	294	31	112	91	22
Proceeds from lines of credit
315,118	455,382	116,297	231,130	537,891	361,670	139,779	135,000	101,015	354,320	252,019	500,469	153,353	127,383	213,006	266,656	378,706	145,848	319,080	185,063	140,976	58,000	485,000	0	0	0	0	122,000	95,000	134,000	9,000	56,000	95,000	5,000	25,000	0	2,000	46,500	32,000	28,500	70,500
Principal payments on lines of credit
227,459	269,716	134,463	191,617	132,486	69,041	75,450	110,877	147,980	157,657	211,718	948,350	232,108	112,073	429,735	242,309	223,117	57,474	171,859	140,356	94,044	85,500	48,500	0	0	0	216,000	78,000	50,000	57,000	51,000	29,000	50,000	45,000	15,000	40,000	12,000	35,000	33,000	35,300	93,500
Principal payments on notes payable and long-term debt
2,500	2,500	2,500	2,500	305,665	2,500	2,500	2,498	2,502	2,506	2,503	0	10,012	6,316	177,264	5,000	5,000	3,750	6,124	3,750	33,750	351,781	2,500	2,500	2,500	1,433	1,341	1,384	1,384	132	175	87	310	307	304	241	298	171	169	167	165
Adjustment of the redeemable noncontrolling interest measurement amount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-209	148	185	60	745	804	823	1,225	937	1,130	1,060	985	-	-	-	-
Purchase of noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,824	0	0	9,162	0	0	0	0	-	-	-	-	-	-	-	-
Payments of origination costs and fees
-	-	-	-	-	1,856	0	24	380	0	22	18,218	0	13	8,974	75	8,477	0	0	5,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of origination cost and fees
8,203	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,513	0	0	1,150	0	0	0	0	-	-	-	-	-	-	-	-
Repurchases of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79,999	7,700	0	77,802	33,164	0	0	0	0	50,005	6,594	1,912	9	0	20,645	2,081	-	-	-	0	-	-	-	-
Tax withholdings related to share-based payments
3,156	117	49	6	1,437	9	58	7	2,013	594	97	11	2,320	372	36	10	2,432	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock offering, net of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71,688
Distributions paid to noncontrolling interest
0	0	0	0	6,877	526	568	928	12,464	0	719	0	710	0	716	0	218	0	0	0	0	-	-	-	-	2,024	0	0	51	0	0	0	0	-1	249	768	1,291	-	-	-	-
Net (decrease)/increase in interest-bearing deposits
-1,658	-11,154	10,152	12,303	16,126	3,551	-3,930	-2,000	-6,314	2,851	754	7,913	1,473	-7,293	29,978	3,982	6,238	2,109	13,436	-363	7,539	2,441	51	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
0	2,322	-3,229	1,141	0	0	0	0	0	-3,113	-201	1,955	1,359	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
72,142	171,892	10,794	51,373	105,464	291,289	55,609	18,666	-70,638	196,414	37,714	151,894	-90,324	1,316	-75,848	23,244	145,700	-9,328	146,808	35,607	-52,954	44,811	603,996	-2,463	1,615	-11,404	12,022	36,474	42,710	72,519	-42,126	6,263	44,049	-40,168	9,492	-40,844	-11,146	8,110	-1,057	-7,819	48,545
Effect of exchange rate on cash
-16,575	434	-3,762	834	-4,115	5,054	-812	-11,204	-3,400	1,236	1,381	6,583	816	-4,601	8,394	17,541	18,780	983	-356	-16,785	7,064	-81	-1,456	-6,014	59	-165	406	-38	-215	-41	734	-2,713	1,474	-	-	-	-	-	-	-	-
Net increase in cash and cash equivalents
60,193	26,912	-8,601	3,394	3,407	-15,481	42,606	-29,848	-19,098	6,762	20,998	10,646	-12,177	2,496	-25,280	37,629	8,070	2,261	12,300	16,269	881	-30,639	-200,226	78,707	29,815	53,299	65,246	4,348	6,424	1,199	-11,133	14,553	1,371	-3,338	4,554	-9,962	-5,651	20,797	2,047	-4,756	2,741
Supplemental disclosure of cash flow information:
Cash paid for interest
30,502	30,324	34,127	29,494	25,479	26,774	23,804	24,064	22,833	19,596	24,665	15,307	20,257	18,495	19,023	13,596	16,873	11,433	15,478	8,490	14,376	10,734	13,463	1,903	5,731	497	3,752	2,925	2,656	1,989	2,265	2,755	2,557	2,509	2,515	2,545	2,711	2,890	2,190	2,167	2,151
Cash paid for income taxes
12,100	7,037	19,770	14,879	27,293	17,374	7,587	36,347	12,175	29,738	44,567	65,178	4,858	19,590	19,592	33,376	6,196	15,728	20,970	42,475	7,082	6,265	16,268	23,546	1,868	27,285	25,625	49,943	2,866	27,217	27,012	32,012	12,497	4,583	12,274	6,769	15	18	16	12	61
Cash, cash equivalents and restricted cash reconciliation:
Net unrealized change in fair value of derivative instrument
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	537	103	169	-108
Distributions payable relating to the redeemable noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,235	0	2	0	0	261	0	-	-	-522	769	-	-	-	-
Employee stock relinquished for payment of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	18	7,497	-	78	23	4,002	1,423	93	11	2,066	-	-	-	-	-	-	-	-