Pra group, inc (PRAA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenues:
Portfolio income

262,022

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in expected recoveries

-12,800

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income recognized on finance receivables

0

262,835

247,471

249,219

238,836

231,029

223,228

219,018

218,624

206,076

200,660

194,164

194,535

231,988

202,639

204,008

206,507

208,471

208,184

220,064

228,403

222,660

224,326

182,518

177,970

168,728

171,456

168,570

154,792

138,068

135,754

132,587

124,226

102,743

102,875

100,303

95,974

220,685

80,026

76,920

-67,951

-54,336

-54,038

Fee income

2,209

4,297

2,391

2,707

6,374

4,686

2,561

2,342

5,327

6,043

2,671

6,344

9,858

21,171

17,597

22,347

16,266

19,649

17,803

13,878

13,053

22,800

12,757

14,510

15,608

16,068

26,306

14,391

14,767

16,181

14,765

15,298

15,920

15,344

11,401

14,492

15,803

15,972

15,518

16,109

15,427

14,229

17,069

Other revenue

369

2,001

152

131

667

1,027

99

158

157

1,454

1,091

3,145

2,165

2,122

1,748

2,101

2,109

2,065

3,443

3,255

3,750

5,271

1,890

315

344

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

251,784

269,133

250,014

252,057

245,877

236,742

225,888

221,518

224,108

213,573

204,422

203,653

206,558

255,281

221,984

228,456

224,882

230,185

229,430

237,197

245,206

250,731

238,973

197,343

193,922

184,853

197,762

182,961

169,559

154,251

150,519

147,885

140,146

118,087

114,276

114,795

111,777

100,755

95,544

93,029

83,378

68,565

71,107

Net allowance charges

0

12,598

4,136

1,196

6,095

21,381

8,285

2,834

925

-

3,412

3,321

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Compensation and employee services

75,171

75,671

75,317

79,808

79,645

79,123

78,350

80,690

81,237

69,253

68,541

66,771

68,468

61,390

65,898

64,793

66,765

68,670

66,084

68,320

65,271

65,448

65,237

52,461

51,385

46,393

52,882

48,202

44,997

44,849

41,334

42,479

39,694

35,759

33,475

34,815

34,153

32,350

31,213

30,872

29,642

26,844

26,434

Legal collection fees

14,572

13,822

14,083

14,297

13,059

11,501

10,428

10,343

10,669

-29,644

10,065

31,202

31,728

-49,759

33,447

33,897

30,132

87,936

13,715

14,114

13,691

103,179

13,778

11,371

10,833

10,144

10,206

10,609

10,529

9,153

8,635

8,988

7,617

5,940

5,962

5,970

5,749

-

4,577

4,131

-

-

-

Legal collection costs

34,447

34,411

31,395

33,121

35,229

33,281

30,769

18,695

22,243

-

17,561

-

-

-

-

-

-

-

18,879

19,556

20,854

-

20,367

25,429

26,533

20,044

19,801

22,717

20,501

14,619

15,810

18,227

23,669

9,711

9,731

9,879

9,338

-

9,329

6,430

-

-

-

Agency fees

13,376

15,979

12,788

13,013

14,032

9,088

8,350

8,138

8,278

7,877

7,599

9,254

10,800

10,695

12,034

11,309

10,884

8,182

7,961

7,784

8,261

7,497

5,988

1,464

1,450

1,608

1,404

1,280

1,609

1,411

1,545

1,323

1,627

1,647

1,643

1,724

2,639

-

2,842

2,927

-

-

-

Outside fees and services

19,394

15,239

16,733

16,293

15,248

17,068

15,701

14,565

14,158

15,815

15,631

18,061

13,285

16,683

14,731

15,876

15,808

27,309

12,583

12,466

12,797

15,707

17,210

12,113

10,791

6,827

8,707

8,634

7,447

7,292

10,131

5,584

5,860

5,608

6,222

4,066

3,414

3,100

3,470

3,155

2,829

2,284

2,459

Communication

13,511

9,722

10,310

10,824

13,201

10,645

10,240

10,782

11,557

8,028

8,713

7,254

9,137

7,652

7,814

8,423

9,882

6,601

8,021

8,073

10,418

7,715

8,642

7,765

8,963

6,762

6,645

6,675

8,079

3,188

6,777

7,007

8,253

2,990

5,865

5,706

6,313

4,066

4,000

4,102

5,058

3,472

4,213

Legal and agency fees and costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,338

11,296

11,047

Rent and occupancy

4,484

4,586

4,414

4,491

4,363

4,319

4,270

4,003

4,314

3,985

3,668

3,387

3,783

4,001

3,875

4,038

3,796

3,991

3,684

3,479

3,560

3,477

3,283

2,411

2,338

2,850

1,950

1,824

1,687

2,445

1,786

1,656

1,611

1,538

1,517

1,438

1,398

1,402

1,362

1,297

1,252

1,270

1,163

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

3,681

3,623

3,555

3,656

3,188

3,223

3,316

3,216

3,387

3,294

3,206

2,550

2,269

2,330

Other operating expenses

12,205

12,198

12,102

10,926

11,585

13,030

10,602

11,628

12,184

12,032

10,140

11,046

10,885

7,023

10,513

11,279

10,651

10,678

38,963

9,610

9,578

4,870

11,330

7,681

6,100

8,115

6,549

5,660

5,457

7,633

3,820

4,470

3,738

5,753

2,808

3,501

2,852

2,808

2,634

2,580

2,274

2,341

2,236

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,397

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

191,244

185,751

181,188

187,496

190,934

183,147

173,486

163,369

169,569

150,498

146,759

152,016

153,301

148,190

154,496

155,700

153,988

159,013

175,303

148,318

149,040

140,871

150,784

124,906

122,340

106,507

118,294

109,135

103,672

94,271

93,461

93,289

95,725

72,134

70,446

70,415

69,072

64,480

62,721

58,700

56,943

49,776

49,882

Gain on sale of property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,157

-

-

0

0

-

-

-

Income from operations

60,540

70,784

64,690

63,365

48,848

32,214

44,117

55,315

53,614

57,910

54,251

48,316

53,257

8,612

67,488

72,756

70,894

71,172

54,127

88,879

96,166

109,860

88,189

72,437

71,582

78,346

79,468

73,826

65,887

59,980

57,058

54,596

44,421

45,953

43,830

45,537

42,705

36,275

32,823

34,329

26,435

18,789

21,225

Other income and (expense):
Gain on sale of subsidiaries

-

-

-

-

-

-

-

-

-

0

307

1,322

46,845

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-37,211

-36,046

-35,864

-36,027

-33,981

-33,549

-30,624

-31,124

-25,781

-28,379

-25,899

-22,506

-21,257

-140,702

19,310

20,569

19,959

-105,351

16,787

13,452

14,776

13,492

11,807

5,067

4,860

4,859

3,995

2,923

2,689

1,818

2,189

2,381

2,653

2,512

2,555

2,635

2,867

2,517

2,178

2,177

2,180

1,964

1,949

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

0

0

0

2

0

7

1

-

7

-

-

30

0

-1

36

-

-

Foreign exchange gain

2,283

595

5,406

-311

6,264

-4,553

626

1,690

1,293

317

-1,084

-2,516

2,179

-2,619

5,004

2,029

-1,850

301

-3,160

3,584

6,789

-2,898

3,258

-6,197

8

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Nonoperating Income (Expense)

-76

-241

-19

248

-352

-381

222

-400

243

-2,790

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

25,536

35,092

34,213

27,275

20,779

20,306

14,341

25,481

29,369

27,058

27,575

24,616

81,024

-20,856

53,182

54,216

49,085

56,152

34,180

79,011

88,179

93,469

79,640

61,173

66,731

73,491

75,473

70,903

63,198

58,173

54,869

52,222

41,769

43,441

41,282

42,902

39,838

33,787

30,645

32,152

24,291

16,825

19,276

Income Tax Expense (Benefit)

3,100

4,073

6,665

5,075

3,867

1,980

1,789

3,857

6,137

-63,709

10,682

10,766

31,409

-6,667

16,664

17,348

16,232

15,164

16,597

27,586

30,044

46,478

28,473

23,666

25,891

27,714

26,262

27,489

24,681

22,441

21,742

20,171

16,580

16,775

16,089

17,326

16,129

13,156

11,888

12,474

9,486

6,729

7,554

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

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

-

51,167

-

-

45,777

49,211

43,414

38,517

35,732

33,127

32,051

25,189

26,666

25,193

25,576

23,709

20,631

18,757

19,678

14,805

10,096

11,722

Adjustment for net income attributable to noncontrolling interests

3,301

3,678

2,577

3,581

1,685

3,384

2,625

2,036

2,126

1,847

1,338

2,177

1,448

2,301

2,212

412

870

18

187

0

0

-

0

-

-

-3,210

1,873

-185

-83

-70

-187

36

-273

-550

313

2

588

-14

276

150

5

-

-

Net income attributable to PRA Group, Inc.

19,135

27,341

24,971

18,619

15,227

14,942

9,927

19,588

21,106

88,920

15,555

11,673

48,167

-16,490

34,306

36,456

31,983

40,970

17,396

51,425

58,135

46,991

51,167

37,507

40,840

45,777

47,338

43,599

38,600

35,802

33,314

32,015

25,462

26,590

25,506

25,574

23,121

20,645

18,481

19,528

14,800

10,096

11,722

Net income per common share attributable to PRA Group, Inc.:
Basic (in dollars per share)

0.42

0.60

0.55

0.41

0.34

0.33

0.22

0.43

0.47

1.97

0.34

0.25

1.04

-0.36

0.74

0.79

0.69

0.88

0.36

1.06

1.19

0.94

1.02

0.75

0.82

0.92

0.94

0.86

0.76

-0.29

0.66

0.63

1.48

-2.37

1.49

1.49

1.35

1.23

1.08

1.15

0.91

0.65

0.76

Diluted (in dollars per share)

0.42

0.59

0.55

0.41

0.34

0.32

0.22

0.43

0.47

1.97

0.34

0.25

1.03

-0.36

0.74

0.79

0.69

0.86

0.36

1.06

1.19

0.94

1.01

0.74

0.81

0.92

0.93

0.85

0.75

-0.28

0.65

0.62

1.47

-2.35

1.48

1.48

1.34

1.22

1.08

1.14

0.91

0.65

0.76

Weighted average number of shares outstanding:
Basic (shares)

45,452

45,413

45,410

45,387

45,338

45,304

45,302

45,283

45,231

45,169

45,168

45,941

46,406

46,345

46,343

46,333

46,243

47,198

48,265

48,325

48,724

49,891

50,075

50,065

49,929

49,748

50,154

50,751

50,811

85,044

50,643

51,081

17,196

154,003

17,117

17,108

17,092

17,061

17,058

16,970

16,191

15,466

15,377

Diluted (shares)

45,784

45,749

45,645

45,495

45,419

45,393

45,440

45,449

45,370

45,319

45,286

46,060

46,627

46,344

46,434

46,402

46,372

47,541

48,498

48,529

49,052

50,445

50,439

50,437

50,363

50,376

50,660

51,183

51,273

85,744

51,066

51,399

17,267

155,108

17,228

17,225

17,199

17,164

17,093

17,080

16,203

15,502

15,415