Encore Capital Group, Inc
(NASDAQ:ECPG)

Encore Capital Group, Inc., a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to fac...

Website: http://www.encorecapital.com

Founded: 1953

Full Time Employees: 7,300

Sector: Financial Services

Industry: Mortgage Finance

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-08-04	2005-05-09	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31

revenues
portfolio revenue	390,019,000	379,277,000	370,126,000	361,174,000	345,218,000
changes in recoveries	62,740,000	68,072,000	63,636,000	55,599,000	21,464,000	-95,760,000	12,675,000	5,754,000	-12,409,000	-52,476,000	-17,067,000	-3,486,000	-9,501,000	-86,148,000	-13,080,000	25,150,000	167,223,000	22,508,000	65,913,000
total debt purchasing revenue	452,759,000	447,349,000	433,762,000	416,773,000	366,682,000	240,906,000	340,794,000	327,684,000	303,443,000	252,416,000	285,620,000	297,698,000	286,173,000	208,607,000	284,139,000	331,432,000	471,328,000	327,845,000	382,138,000
servicing revenue	20,638,000	21,366,000	22,175,000	22,300,000	22,547,000	20,525,000	22,772,000	21,107,000	20,379,000	19,650,000	19,893,000	21,008,000	22,585,000	22,996,000	21,992,000	23,788,000	26,146,000	26,877,000	29,321,000	32,064,000	32,516,000	32,701,000	29,787,000	23,950,000	28,680,000
other revenues	2,014,000	4,837,000	4,416,000	3,049,000	3,546,000	4,188,000	3,505,000	6,494,000	4,564,000	5,321,000	4,106,000	4,338,000	3,872,000	2,393,000	1,621,000	1,697,000	2,208,000	2,581,000	1,165,000	1,343,000	1,766,000	884,000	949,000	789,000	1,697,000	-88,098,000	31,204,000	32,316,000	34,552,000	40,616,000	37,388,000	39,453,000	35,968,000	30,666,000	23,111,000	18,681,000	19,971,000	21,849,000	19,881,000	21,990,000	18,923,000	18,616,000	14,558,000	13,112,000	14,410,000	13,045,000	13,445,000	14,149,000	11,349,000	6,115,000	5,792,000
total revenues	475,411,000	473,552,000	460,353,000	442,122,000	392,775,000	265,619,000	367,071,000	355,285,000	328,386,000	277,387,000	309,619,000	323,044,000	312,630,000	233,996,000	307,752,000	356,917,000	499,682,000	357,303,000	412,624,000	427,735,000	416,837,000	382,610,000	403,676,000	426,033,000	289,081,000	367,847,000	347,421,000	344,811,000	345,710,000	338,720,000	332,745,000	332,115,000	316,977,000	317,481,000	306,699,000	290,917,000	271,941,000	271,384,000	179,415,000	289,442,000	289,017,000	297,757,000	287,796,000	290,356,000	285,663,000	276,571,000	273,282,000	269,195,000	253,741,000	237,099,000	235,558,000	156,121,000	144,285,000	143,612,000	144,792,000	141,063,000	130,222,000													50,986,750	66,373,000	70,020,000	67,554,000	58,717,000	62,691,000	67,228,000	65,375,000	68,130,000	60,597,000	65,933,000	60,480,000
yoy	21.04%	78.28%	25.41%	24.44%	19.61%	-4.24%	18.56%	9.98%	5.04%	18.54%	0.61%	-9.49%	-37.43%	-34.51%	-25.42%	-16.56%	19.87%	-6.61%	2.22%	0.40%	44.19%	4.01%	16.19%	23.56%	-16.38%	8.60%	4.41%	3.82%	9.06%	6.69%	8.49%	14.16%	16.56%	16.99%	70.94%	0.51%	-5.91%	-8.86%	-37.66%	-0.31%	1.17%	7.66%	5.31%	7.86%	12.58%	16.65%	16.01%	72.43%	75.86%	65.10%	62.69%	10.67%	10.80%																	-13.17%	5.87%	4.15%	3.33%	-13.82%	3.46%	1.96%	8.09%
qoq	0.39%	2.87%	4.12%	12.56%	47.87%	-27.64%	3.32%	8.19%	18.39%	-10.41%	-4.16%	3.33%	33.60%	-23.97%	-13.77%	-28.57%	39.85%	-13.41%	-3.53%	2.61%	8.95%	-5.22%	-5.25%	47.37%	-21.41%	5.88%	0.76%	-0.26%	2.06%	1.80%	0.19%	4.78%	-0.16%	3.52%	5.42%	6.98%	0.21%	51.26%	-38.01%	0.15%	-2.94%	3.46%	-0.88%	1.64%	3.29%	1.20%	1.52%	6.09%	7.02%	0.65%	50.88%	8.20%	0.47%	-0.81%	2.64%	8.33%														-23.18%	-5.21%	3.65%	15.05%	-6.34%	-6.75%	2.83%	-4.04%	12.43%	-8.09%	9.02%
operating expenses
salaries and employee benefits	114,541,000	117,445,000	117,118,000	117,738,000	105,932,000	104,616,000	107,502,000	106,608,000	104,184,000	96,760,000	95,067,000	95,855,000	103,850,000	90,058,000	89,241,000	98,880,000	96,956,000	96,286,000	94,662,000	97,774,000	96,456,000	98,232,000	95,979,000	90,867,000	93,098,000	91,666,000	96,638,000	96,227,000	91,834,000	93,211,000	95,634,000	90,960,000	89,259,000	94,446,000	77,232,000	75,786,000	68,278,000	68,173,000	67,783,000	75,499,000	69,642,000	70,065,000	64,976,000	67,545,000	67,748,000	62,580,000	61,175,000	64,355,000	58,137,000	50,986,000	52,253,000	32,969,000	28,832,000	28,193,000	25,397,000	22,651,000	23,109,000	21,527,000	20,730,000	20,212,000	19,040,000	17,632,000	16,166,000	16,484,000	15,485,000	14,895,000	14,411,000	14,762,000	13,957,000	12,617,000	14,963,000	15,689,000	14,851,000	13,765,000	17,138,000	16,064,000	17,186,000	15,604,000	15,773,000	16,306,000	16,279,000	14,500,000	12,935,000
cost of legal collections	89,221,000	87,779,000	80,010,000	79,649,000	68,013,000	68,989,000	67,339,000	64,249,000	58,721,000	56,727,000	56,274,000	57,150,000	54,101,000	54,188,000	52,891,000	55,148,000	55,717,000	56,068,000	64,170,000	66,900,000	67,142,000	75,053,000	60,383,000	37,356,000	66,279,000	53,224,000	48,971,000	51,448,000	49,027,000	49,621,000	50,473,000	51,255,000	53,855,000	50,598,000	48,094,000	53,409,000	47,957,000	42,808,000	56,932,000	46,807,000	54,308,000	59,013,000	58,760,000	57,076,000	54,998,000	52,065,000	53,742,000	50,029,000	49,825,000	49,265,000	50,953,000	44,483,000	42,258,000	45,500,000	43,544,000	41,024,000	38,635,000	39,686,000	40,169,000	40,686,000	36,509,000	29,566,000	33,851,000	31,235,000	26,433,000	27,905,000	26,092,000	28,626,000	29,947,000	26,662,000	25,390,000	23,829,000	20,306,000	18,987,000	20,868,000	21,159,000	17,621,000	15,312,000	12,545,000	12,944,000	11,278,000	9,128,000	8,975,000
general and administrative expenses	39,629,000	44,383,000	39,220,000	41,327,000	41,018,000	52,019,000	38,808,000	36,779,000	36,241,000	36,809,000	35,559,000	34,529,000	37,965,000	40,023,000	37,274,000	34,967,000	33,534,000	34,905,000	35,819,000	34,823,000	32,148,000	35,159,000	53,459,000	28,618,000	31,877,000	37,921,000	38,168,000	32,620,000	39,547,000	35,189,000	41,893,000	41,986,000	39,284,000	55,330,000	32,500,000	36,932,000	33,318,000	31,002,000	34,871,000	32,934,000	35,239,000	37,047,000	88,002,000	39,166,000	32,612,000	35,778,000	35,532,000	38,282,000	36,694,000	32,284,000	33,486,000	27,601,000	16,342,000	15,467,000	14,091,000	18,582,000	14,132,000	10,766,000	11,172,000	9,623,000	10,169,000	10,158,000	6,982,000	7,425,000	6,879,000	6,846,000	7,280,000	7,097,000	5,697,000	5,540,000	4,864,000	4,581,000	4,460,000	4,513,000	4,462,000	4,232,000	4,271,000	5,889,000	4,388,000	3,300,000	3,733,000	4,162,000	4,186,000
other operating expenses	34,833,000	36,178,000	37,056,000	36,990,000	34,252,000	37,786,000	31,804,000	30,845,000	30,367,000	29,315,000	27,959,000	26,349,000	27,556,000	28,516,000	28,286,000	27,405,000	27,027,000	25,043,000	25,226,000	28,228,000	28,441,000	25,417,000	28,088,000	28,275,000	27,164,000	23,520,000	25,753,000	29,546,000	29,614,000	31,456,000	30,691,000	39,039,000	33,748,000	28,689,000	25,859,000	24,030,000	26,360,000	25,317,000	24,131,000	24,946,000	26,343,000	25,980,000	23,953,000	23,015,000	25,234,000	21,663,000	22,061,000	22,041,000	26,423,000	20,531,000	19,056,000	13,797,000	13,265,000	10,085,000	14,829,000	12,427,000	12,411,000	9,619,000	10,870,000	9,191,000	10,096,000	8,734,000	9,512,000	9,027,000	9,114,000	7,401,000	6,034,000	6,598,000	5,980,000	5,996,000	6,018,000	5,987,000	5,651,000	4,563,000	4,987,000	6,239,000	5,744,000	5,176,000	5,308,000	5,655,000	6,446,000	4,445,000	3,736,000
collection agency commissions	6,337,000	7,439,000	6,601,000	8,374,000	6,873,000	8,288,000	7,370,000	7,504,000	7,434,000	9,074,000	8,046,000	10,387,000	8,150,000	8,156,000	7,884,000	9,923,000	9,605,000	8,592,000	11,964,000	13,677,000	12,824,000	13,192,000	12,703,000	10,683,000	13,176,000	16,960,000	17,343,000	13,560,000	16,002,000	13,361,000	10,682,000	12,151,000	11,754,000	10,025,000	10,622,000	11,494,000	11,562,000	7,899,000	8,848,000	9,274,000	10,120,000	9,326,000	9,381,000	8,466,000	10,685,000	8,068,000	9,517,000	9,153,000	8,276,000	10,380,000	14,158,000	5,230,000	3,329,000	2,980,000	4,227,000	4,166,000	3,959,000	3,388,000	3,264,000	3,596,000	3,914,000	3,287,000	5,389,000	6,413,000	5,296,000	5,795,000	5,795,000	4,797,000	2,891,000	2,310,000	2,996,000	3,781,000	4,031,000	3,772,000	2,478,000	2,867,000	3,294,000	3,852,000	4,533,000	5,032,000	4,613,000	4,559,000	7,242,000
depreciation and amortization	6,858,000	6,935,000	7,170,000	7,311,000	7,344,000	8,967,000	8,158,000	7,461,000	7,848,000	8,969,000	11,196,000	10,702,000	10,870,000	15,360,000	11,659,000	11,646,000	11,829,000	12,385,000	14,136,000	12,046,000	11,512,000	11,344,000	10,609,000	10,542,000	10,285,000	11,293,000	10,000,000	9,741,000	9,995,000	9,996,000	9,873,000	10,923,000	10,436,000	14,158,000	8,522,000	8,672,000	8,625,000	8,740,000	8,032,000	8,235,000	9,861,000	9,276,000	8,235,000	8,084,000	8,350,000	8,070,000	6,933,000	6,829,000	6,117,000	5,020,000	4,523,000	2,158,000	1,846,000	1,647,000	1,533,000	1,420,000	1,363,000	1,309,000	1,194,000	1,105,000	1,053,000	958,000	816,000	752,000	673,000	697,000	652,000	620,000	623,000	652,000	674,000	766,000	722,000	810,000	833,000	840,000	869,000	1,002,000	964,000	968,000	960,000	1,200,000	558,000
total operating expenses	291,419,000	300,159,000	287,175,000	291,389,000	263,432,000	399,809,000	260,981,000	253,446,000	244,795,000	494,580,000	234,101,000	234,972,000	242,492,000	236,301,000	227,235,000	237,969,000	234,668,000	233,279,000	245,977,000	253,448,000	248,523,000	258,397,000	261,221,000	206,341,000	241,879,000	234,584,000	247,591,000	233,142,000	236,019,000	232,834,000	239,246,000	246,314,000	238,336,000	253,246,000	202,829,000	210,323,000	196,100,000	183,939,000	200,597,000	197,695,000	205,513,000	259,984,000	253,307,000	203,352,000	199,627,000	188,224,000	188,960,000	190,689,000	185,472,000	168,466,000	174,429,000	126,238,000	105,872,000	103,872,000	103,621,000	102,809,000	106,224,000	88,024,000	89,804,000	86,223,000	82,546,000	71,589,000	74,265,000	72,782,000	65,641,000	64,588,000	61,525,000	63,494,000	60,175,000	54,159,000	55,765,000	55,861,000	51,115,000	47,411,000	52,047,000	52,605,000	49,786,000	48,169,000	45,001,000	45,669,000	44,690,000	37,994,000	37,632,000
income from operations	183,992,000	173,393,000	173,178,000	150,733,000	129,343,000	-134,190,000	106,090,000	101,839,000	83,591,000	-217,193,000	75,518,000	88,072,000	70,138,000	-2,305,000	80,517,000	118,948,000	265,014,000	124,024,000	166,647,000	174,287,000	168,314,000	124,213,000	142,455,000	219,692,000	47,202,000	113,210,000	108,345,000	113,732,000	111,058,000	115,887,000	97,528,000	103,433,000	88,452,000	64,235,000	103,870,000	80,594,000	75,841,000	87,445,000	-21,182,000	91,747,000	83,504,000	37,773,000	34,489,000	87,004,000	86,036,000	88,347,000	84,322,000	78,506,000	68,269,000	68,633,000	61,129,000	29,883,000	38,413,000	39,740,000	41,171,000	38,254,000	23,998,000	32,651,000	30,759,000	29,607,000	27,757,000
yoy	42.25%	-229.21%	63.24%	48.01%	54.73%	-38.22%	40.48%	15.63%	19.18%	9322.69%	-6.21%	-25.96%	-73.53%	-101.86%	-51.68%	-31.75%	57.45%	-0.15%	16.98%	-20.67%	256.58%	9.72%	31.48%	93.17%	-57.50%	-2.31%	11.09%	9.96%	25.56%	80.41%	-6.11%	28.34%	16.63%	-26.54%	-590.37%	-12.16%	-9.18%	131.50%	-161.42%	5.45%	-2.94%	-57.24%	-59.10%	10.82%	26.02%	28.72%	37.94%	162.71%	77.72%	72.71%	48.48%	-21.88%	60.07%	21.71%	33.85%	29.21%	-13.54%
qoq	6.11%	0.12%	14.89%	16.54%	-196.39%	-226.49%	4.17%	21.83%	-138.49%	-387.60%	-14.25%	25.57%	-3142.86%	-102.86%	-32.31%	-55.12%	113.68%	-25.58%	-4.38%	3.55%	35.50%	-12.81%	-35.16%	365.43%	-58.31%	4.49%	-4.74%	2.41%	-4.17%	18.82%	-5.71%	16.94%	37.70%	-38.16%	28.88%	6.27%	-13.27%	-512.83%	-123.09%	9.87%	121.07%	9.52%	-60.36%	1.13%	-2.62%	4.77%	7.41%	15.00%	-0.53%	12.28%	104.56%	-22.21%	-3.34%	-3.48%	7.63%	59.40%	-26.50%	6.15%	3.89%	6.66%
operating margin %	38.70%	36.62%	37.62%	34.09%	32.93%	-50.52%	28.90%	28.66%	25.46%	-78.30%	24.39%	27.26%	22.43%	-0.99%	26.16%	33.33%	53.04%	34.71%	40.39%	40.75%	40.38%	32.46%	35.29%	51.57%	16.33%	30.78%	31.19%	32.98%	32.12%	34.21%	29.31%	31.14%	27.90%	20.23%	33.87%	27.70%	27.89%	32.22%	-11.81%	31.70%	28.89%	12.69%	11.98%	29.96%	30.12%	31.94%	30.86%	29.16%	26.90%	28.95%	25.95%	19.14%	26.62%	27.67%	28.43%	27.12%	18.43%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
other expense																								-3,011,000		-3,941,500	-11,546,000	-1,244,000																		-48,000	-532,000
interest expense	-73,050,000	-75,195,000	-74,242,000	-73,943,000	-70,530,000	-68,498,000	-66,906,000	-61,376,000	-55,765,000	-54,501,000	-50,558,000	-49,983,000	-46,835,000	-42,313,000	-39,308,000	-37,054,000	-34,633,000	-38,088,000	-40,874,000	-44,159,000	-46,526,000	-36,405,000	-67,962,000	-50,327,000	-54,662,000	-53,515,000	-54,365,000	-63,913,000	-54,967,000	-56,956,000	-65,094,000	-60,536,000	-57,462,000	-51,692,000	-52,755,000	-50,516,000	-49,198,000	-48,447,000	-48,632,000	-50,597,000	-50,691,000	-50,187,000	-47,816,000	-46,250,000	-42,303,000	-42,264,000	-43,498,000	-43,218,000	-37,962,000	-29,747,000	-29,186,000	-7,482,000	-1,113,000	-1,297,000	-1,475,000	-650,000	-5,515,000	-4,979,000	-5,175,000	-5,369,000	-5,593,000	-5,003,000	-4,928,000	-4,880,000	-4,538,000	-3,959,000	-3,970,000	-3,958,000	-4,273,000	-4,220,000	-3,880,000	-3,583,000	-3,946,000	-4,000,000	-3,648,000	-3,336,000	-6,155,000	-9,000,000	-6,744,000	-7,337,000	-7,951,000	-7,778,000	-8,468,000
other income	790,000	1,234,000	929,000	1,226,000	1,647,000	541,000	1,578,000	2,047,000	2,666,000	-2,000	5,103,000	-1,755,000	1,732,000	-1,269,000	1,205,000	1,795,000	392,000	-4,248,250	-17,504,000	566,000	-55,000	-302,750	361,000		1,439,000				-2,976,000	-3,803,000	-2,539,000	-4,615,000	2,193,000	-1,157,000	8,873,000	2,529,000	602,000	-130,000	4,100,000	3,134,000	7,124,000	647,000	-924,000	395,000	2,117,000			75,000	265,000	40,000	-299,000	-4,122,000	460,000	328,000	1,036,000	77,000	267,000	-187,000	-346,000	23,000	116,000	66,000	148,000	-90,000	192,000	9,000	61,000	9,000	-81,000	17,000	-32,000	352,000	21,000	918,000	79,000	-42,000	116,000	230,000	45,000	284,000	50,000	319,000	2,000
total other expense	-72,260,000	-75,575,000	-73,313,000	-72,717,000	-68,883,000	-75,789,000	-65,328,000	-59,329,000	-53,099,000	-54,503,000	-45,455,000	-51,738,000	-45,103,000	-43,582,000	-38,103,000	-35,259,000	-34,241,000	-38,879,000	-58,378,000	-52,893,000	-46,581,000	-76,502,000	-67,601,000	-53,338,000	-53,223,000	-56,092,000	-65,911,000	-65,157,000	-57,943,000	-60,759,000	-67,633,000	-65,151,000	-55,269,000	-52,849,000	-43,882,000	-47,987,000	-48,596,000	-48,577,000	-44,532,000	-47,463,000	-43,567,000			-45,855,000	-40,186,000	-41,959,000	-44,030,000	-43,143,000	-37,697,000	-29,707,000	-29,485,000	-11,604,000	-6,394,000	-6,212,000	-5,976,000	-6,420,000		-5,166,000	-5,521,000	-5,346,000	-5,477,000	-4,937,000	-4,780,000	-4,970,000	-4,346,000	-3,950,000	-3,909,000	-3,734,000	-1,301,000	2,476,000	-3,912,000	-1,814,000	-3,925,000	-3,082,000	-3,569,000	-15,999,000	-6,039,000	-8,770,000	-6,699,000	-7,053,000	-7,901,000
income before income taxes	111,732,000	97,818,000	99,865,000	78,016,000	60,460,000	-209,979,000	40,762,000	42,510,000	30,492,000	-271,696,000	30,063,000	36,334,000	25,035,000	-45,887,000	42,414,000	83,689,000	230,773,000	85,145,000	108,269,000	121,394,000	121,733,000	47,711,000	74,854,000	166,354,000	-6,021,000													4,626,750	-65,714,000	44,284,000	39,937,000	18,187,000	-14,251,000	41,149,000	45,850,000	26,556,750	40,292,000	35,363,000	30,572,000								18,750,000	27,485,000	25,238,000	24,261,000	22,280,000	23,246,000	18,922,000	18,479,000	17,351,000	13,014,000	14,952,000	10,807,000	14,970,000	259,000	6,696,000	12,345,000	12,514,000	8,224,000	7,075,000	-1,376,000	9,550,000	11,191,000	8,897,000	13,211,000	7,889,000	12,923,000	13,127,000
provision for income taxes	-25,489,000	-21,161,000	-25,205,000	-19,295,000	-13,664,000	-15,328,000	-10,119,000	-10,329,000	-7,253,000	934,000	-10,724,000	-10,029,000	-6,409,000	-27,231,000	-10,920,000	-23,250,000	-55,024,000	-9,062,000	-24,703,000	-24,607,000	-26,968,000	-10,499,000	-19,747,000	-35,570,000	-4,558,000	-13,886,000	-3,021,000	-11,753,000	-3,673,000	-9,095,000	-16,879,000	-11,308,000	-9,470,000			-13,531,000	-12,067,000			-13,451,000	-10,148,000			-15,964,000	-15,883,000	-16,819,000	-10,154,000	-14,010,000	-11,742,000	-15,278,000	-10,272,000	-7,267,000	-12,571,000	-13,361,000	-13,887,000	-12,846,000	-7,344,000	-10,351,000	-9,868,000	-9,486,000	-8,601,000	-9,075,000	-6,632,000	-6,749,000	-6,490,000	-4,609,000	-5,948,000	-4,166,000	-5,973,000	-28,000	-2,923,000		-5,014,000	-3,376,000	-1,717,000		-3,893,000	-4,564,000	-3,689,000	-5,716,000	-3,211,000	-5,160,000	-5,348,000
net income	86,243,000	76,657,000	74,660,000	58,721,000	46,796,000	-225,307,000	30,643,000	32,181,000	23,239,000	-270,762,000	19,339,000	26,305,000	18,626,000	-73,118,000	31,494,000	60,439,000	175,749,000	76,083,000	83,566,000	96,787,000	94,765,000	37,212,000	55,107,000	130,784,000	-10,579,000	43,232,000	39,413,000	36,822,000	49,442,000	46,033,000	13,016,000	26,974,000	23,713,000	2,779,000	42,144,000	19,076,000	14,979,000	11,323,000	-51,946,000	30,833,000	26,607,000	1,596,000	-9,364,000	25,185,000	29,967,000	27,957,000	30,138,000	21,353,000	18,830,000	22,216,000	21,064,000	11,012,000	19,448,000	20,167,000	21,308,000	16,596,000	11,406,000	17,134,000	15,370,000	14,775,000	13,679,000	14,171,000	12,290,000	11,730,000	10,861,000	8,405,000	9,004,000	6,641,000	8,997,000	231,000	3,773,000	7,330,000	7,500,000	4,848,000	5,358,000	-821,000	5,657,000	6,627,000	5,208,000	7,495,000	4,678,000	7,763,000	7,779,000
yoy	84.30%	-134.02%	143.64%	82.47%	101.37%	-16.79%	58.45%	22.34%	24.77%	270.31%	-38.59%	-56.48%	-89.40%	-196.10%	-62.31%	-37.55%	85.46%	104.46%	51.64%	-25.99%	-995.78%	-13.92%	39.82%	255.18%	-121.40%	-6.08%	202.80%	36.51%	108.50%	1556.46%	-69.12%	41.40%	58.31%	-75.46%	-181.13%	-38.13%	-43.70%	609.46%	454.74%	22.43%	-11.21%	-94.29%	-131.07%	17.95%	59.14%	25.84%	43.08%	93.91%	-3.18%	10.16%	-1.15%	-33.65%	70.51%	17.70%	38.63%	12.32%	-16.62%	20.91%	25.06%	25.96%	25.95%	68.60%	36.49%	76.63%	20.72%	3538.53%	138.64%	-9.40%	19.96%	-95.24%	-29.58%	-992.81%	32.58%	-26.84%	2.88%	-110.95%	20.93%	-14.63%	-33.05%
qoq	12.51%	2.67%	27.14%	25.48%	-120.77%	-835.26%	-4.78%	38.48%	-108.58%	-1500.08%	-26.48%	41.23%	-125.47%	-332.16%	-47.89%	-65.61%	131.00%	-8.95%	-13.66%	2.13%	154.66%	-32.47%	-57.86%	-1336.26%	-124.47%	9.69%	7.04%	-25.52%	7.41%	253.66%	-51.75%	13.75%	753.29%	-93.41%	120.93%	27.35%	32.29%	-121.80%	-268.48%	15.88%	1567.11%	-117.04%	-137.18%	-15.96%	7.19%	-7.24%	41.14%	13.40%	-15.24%	5.47%	91.28%	-43.38%	-3.57%	-5.35%	28.39%	45.50%	-33.43%	11.48%	4.03%	8.01%	-3.47%	15.31%	4.77%	8.00%	29.22%	-6.65%	35.58%	-26.19%	3794.81%	-93.88%	-48.53%	-2.27%	54.70%	-9.52%	-752.62%	-114.51%	-14.64%	27.25%	-30.51%	60.22%	-39.74%	-0.21%
net income margin %	18.14%	16.19%	16.22%	13.28%	11.91%	-84.82%	8.35%	9.06%	7.08%	-97.61%	6.25%	8.14%	5.96%	-31.25%	10.23%	16.93%	35.17%	21.29%	20.25%	22.63%	22.73%	9.73%	13.65%	30.70%	-3.66%	11.75%	11.34%	10.68%	14.30%	13.59%	3.91%	8.12%	7.48%	0.88%	13.74%	6.56%	5.51%	4.17%	-28.95%	10.65%	9.21%	0.54%	-3.25%	8.67%	10.49%	10.11%	11.03%	7.93%	7.42%	9.37%	8.94%	7.05%	13.48%	14.04%	14.72%	11.76%	8.76%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	0.45%	5.68%	10.47%	11.10%	8.26%	8.55%	-1.22%	8.65%	9.73%	8.59%	11.37%	7.73%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
earnings per share:
basic	3.97	1.915	3.22	2.5	1.96	0.903	1.28	1.35	0.98	0.68	0.82	1.11	0.79	-2.94	1.31	2.48	7.11	2.74	2.76	3.12	3.01	1.18	1.74	4.15	-0.33	0.998	1.24	1.17	1.58													0.448	-0.43	1.07	1.13			0.91	0.9								0.46	0.69	0.62	0.6	0.56	0.58	0.51	0.49	0.46	0.36	0.39	0.29	0.39	0.01	0.16	0.32	0.33
diluted	3.86	1.893	3.17	2.49	1.93	0.885	1.26	1.34	0.95	0.655	0.79	1.08	0.75	-2.6	1.22	2.29	6.4	2.55	2.66	3.07	2.97	1.17	1.72	4.13	-0.33	0.993	1.23	1.17	1.57													0.428	-0.43	1.03	1.08			0.86	0.82								0.44	0.66	0.6	0.58	0.54	0.56	0.49	0.47	0.44	0.34	0.37	0.28	0.38	0.01	0.16	0.31	0.32
weighted-average shares outstanding:
basic	21,728	23,234	23,222	23,507	23,879	23,873	23,912	23,883	23,784	23,670	23,712	23,670	23,548	24,142	23,958	24,359	24,722	30,129	30,225	30,909	31,469	31,427	31,484	31,413	31,308	31,210	31,338	31,225	31,201	28,313	29,867	26,150	26,056	25,972	26,011	25,983	25,876	25,713	25,777	25,742	25,550	25,722	25,450	25,885	26,072	25,853	25,879	25,798	25,749	24,659	25,535	23,966,000	23,446,000	24,855,000	25,071,000	24,919,000	24,779,000	24,572,000	24,638,000	24,433,000	24,260,000	23,897,000	23,947,000	23,713,000	23,494,000	23,215,000	23,225,000	23,168,000	23,122,000	23,046,000	23,029,000	23,007,000	22,992,000
diluted	22,320	23,534	23,520	23,578	24,269	23,873	24,407	24,097	24,468	23,670	24,382	24,280	24,942	26,092	25,919	26,411	27,482	31,153	31,362	31,415	31,832	31,710	31,826	31,560	31,308	31,474	31,657	31,426	31,359	28,572	30,121	26,409	26,416	26,405	26,736	26,391	26,087	25,909	25,777	25,874	25,868	26,647	25,450	26,919	27,315	27,495	27,332	27,492	28,196	26,204	27,183	24,855,000	24,414,000	25,836,000	26,047,000	25,825,000	25,740,000	25,690,000	25,604,000	25,610,000	25,451,000	25,091,000	25,154,000	24,958,000	24,685,000	24,082,000	24,199,000	23,971,000	23,631,000	23,577,000	23,675,000	23,512,000	23,431,000
revenue from receivable portfolios						336,666,000	328,119,000	321,930,000	315,852,000	304,892,000	302,687,000	301,184,000	295,674,000	294,755,000	297,219,000	306,282,000	304,105,000	305,337,000	316,225,000	328,150,000	338,018,000	339,576,000	342,489,000	335,287,000	357,365,000	329,418,000	316,217,000	312,495,000	311,158,000	298,104,000	295,357,000	292,662,000	281,009,000	286,815,000	283,588,000	272,236,000	251,970,000	249,535,000	159,534,000	267,452,000	270,094,000	272,502,000	265,523,000	270,301,000	264,110,000	255,248,000	251,785,000	248,231,000	237,568,000	226,776,000	225,387,000	152,024,000	140,683,000	139,594,000	140,682,000	138,731,000	126,405,000	116,452,000	115,843,000	111,093,000	105,326,000	95,720,000	93,822,000	91,845,000	82,907,000	77,044,000	76,448,000	73,965,000	72,275,000	47,902,000	62,557,000	66,275,000	64,068,000	55,813,000	59,415,000	64,021,000	62,153,000	64,915,000	57,247,000	59,604,000	57,574,000	53,906,000	58,086,000
loss on extinguishment of debt																				-9,300,000
net income attributable to noncontrolling interest																				-284,000		-196,000	-457,000	-452,000				-161,000	-188,000												-913,000
net income attributable to encore capital group, inc. stockholders														-73,118,000	31,494,000	60,439,000	175,749,000	76,083,000	83,566,000	96,503,000	94,630,000	37,320,000	54,650,000	130,332,000	-10,454,000	43,085,000	38,869,000	36,661,000	49,254,000	47,036,000	20,725,000	26,298,000	21,827,000	12,681,000	28,194,000	20,255,000	22,098,000	22,812,000	-1,524,000	29,588,000	25,694,000	-988,000	-10,959,000	27,657,000	29,425,000	26,650,000	30,335,000	23,561,000	23,180,000	22,953,000	21,886,000
earnings per share attributable to encore capital group, inc.:
basic	3.97	1.915	3.22	2.5	1.96	0.903	1.28	1.35	0.98	0.68	0.82	1.11	0.79	-2.94	1.31	2.48	7.11	2.74	2.76	3.12	3.01	1.18	1.74	4.15	-0.33	0.998	1.24	1.17	1.58													0.448	-0.43	1.07	1.13			0.91	0.9								0.46	0.69	0.62	0.6	0.56	0.58	0.51	0.49	0.46	0.36	0.39	0.29	0.39	0.01	0.16	0.32	0.33
diluted	3.86	1.893	3.17	2.49	1.93	0.885	1.26	1.34	0.95	0.655	0.79	1.08	0.75	-2.6	1.22	2.29	6.4	2.55	2.66	3.07	2.97	1.17	1.72	4.13	-0.33	0.993	1.23	1.17	1.57													0.428	-0.43	1.03	1.08			0.86	0.82								0.44	0.66	0.6	0.58	0.54	0.56	0.49	0.47	0.44	0.34	0.37	0.28	0.38	0.01	0.16	0.31	0.32
changes in expected current and future recoveries																				66,178,000	44,537,000	9,449,000	30,451,000	66,007,000	-98,661,000
net loss attributable to noncontrolling interest																					-135,000				125,000	-147,000	-544,000			1,003,000	7,709,000	-676,000	-1,886,000	9,902,000	-13,950,000	1,179,000	7,119,000	11,489,000	50,422,000	-1,245,000				2,472,000	-542,000	-1,307,000	197,000	2,208,000	4,350,000	737,000	822,000
allowance reversals on receivable portfolios																										2,986,250	8,515,000	2,063,000	1,367,000	7,868,000	4,029,000	17,632,000	9,811,000
total revenues, adjusted by net allowances																										347,794,000	355,936,000	346,874,000	347,077,000	253,327,250	336,774,000	349,747,000	326,788,000
goodwill impairment																											10,718,000
income from operations before income taxes																										36,031,000	42,434,000	48,575,000	53,115,000
income from continuing operations before income taxes																														55,128,000	29,895,000	38,282,000	33,183,000	11,386,000	59,988,000	32,607,000	27,245,000													38,926,000	31,644,000	18,279,000	32,019,000	33,528,000	35,195,000	31,834,000
income from continuing operations																														46,033,000	13,016,000	26,974,000	23,713,000	2,779,000	42,144,000	19,076,000	15,178,000	10,494,000	-51,946,000	30,833,000	29,789,000					29,569,000	30,138,000			23,648,000	21,372,000	11,012,000	19,448,000	20,167,000	21,308,000	18,988,000
loss from discontinued operations, net of tax																																					-199,000													-77,000	-308,000
amounts attributable to encore capital group, inc.:
earnings per share attributable to encore capital group, inc.:
basic earnings per share from:
continuing operations																														1.57	0.69	1.01	0.84	0.48	1.08	0.78	0.86	0.85	-0.06	1.15	1.13					1.08	1.17			0.96	0.87	0.46	0.83	0.82	0.85	0.76
discontinued operations																																					-0.01	0.04			-0.12									-0.06	-0.01					-0.1
net basic earnings per share																														1.57	0.69	1.01	0.84	0.48	1.08	0.78	0.85	0.89	-0.06	1.15	1.01									0.9	0.86	0.46	0.83	0.82	0.85	0.67
diluted earnings per share from:
net diluted earnings per share																														1.57	0.69	1	0.83	0.48	1.05	0.77	0.85	0.88	-0.06	1.14	0.99									0.82	0.81	0.44	0.8	0.79	0.82	0.64
benefit for income taxes																																		-10,860,500	-17,844,000			-2,457,750	13,768,000			-6,740,000	4,887,000																													-5,015,000				555,000
income from discontinued operations, net of tax																																						829,000			-3,182,000															-2,392,000
net interest income																																										6,639,000	7,715,000	6,943,000	7,143,000	8,278,000	8,052,000	6,815,000	4,824,000				3,602,000	4,018,000	4,110,000	2,332,000
total other income																																										-33,695,250	-48,740,000
net (income) loss attributable to noncontrolling interest																																										83,750	-1,595,000
discontinued operations																																					-0.01	0.04			-0.12									-0.06	-0.01					-0.1
basic																																														0.748	1.17
diluted earnings per share from:
diluted																																														0.698	1.11
net interest income – tax lien business																																																		2,924,500	4,379,000	3,717,000
other revenue																																																				380,000
interest income – tax lien business																																																				5,051,000
interest expense – tax lien business																																																				-1,334,000
other comprehensive loss:
unrealized loss on derivative instruments, net of tax																																																				-1,574
unrealized loss on foreign currency translation, net of tax																																																				-583	-114
other comprehensive loss, net of tax																																																				-2,157				-1,790
comprehensive income																																																				8,855	19,954	19,628	23,149	14,806	12,088
tax lien transfer
interest income																																																					4,715,000	5,315,000	5,585,000	2,982,000
other comprehensive gain:
unrealized gain on derivative instruments, net of tax																																																					620
other comprehensive gain, net of tax																																																					506	-539	1,841
unrealized gain on derivative instruments																																																						-791	3,027		1,122
income tax benefit related to unrealized gain on derivative instruments																																																						252	-1,186	1,154
stock-based compensation expense																																																								2,539,000	2,266,000	1,729,000	2,405,000	1,810,000	1,765,000	1,254,000	1,549,000	1,446,000	1,761,000	1,049,000	1,261,000	994,000	1,080,000	382,000	860,000	1,228,000	1,094,000	1,001,000	1,281,000	1,204,000	801,000	1,334,000	1,490,000	1,464,000	1,381,000
unrealized loss on derivative instruments																																																								-2,944
servicing fees and other related revenue																																																									3,817,000	4,223,000	4,720,000	4,737,000	4,977,000	4,052,000	4,145,000	4,386,000	4,431,000	4,508,000	3,938,000	4,070,000	4,171,000	4,040,000	3,816,000	3,745,000	3,486,000	2,904,000	3,276,000	3,207,000	3,222,000	3,215,000	3,350,000	6,329,000	2,906,000
impairment charge for goodwill and identifiable intangible assets																																																									10,349,000
total other expenses																																																									-5,248,000
other comprehensive income:
income tax provision related to unrealized gain on derivative instruments																																																									-440
other comprehensive income, net of tax																																																									682
revenue
total revenue																																																										86,674,000	120,563,000	115,830,000	110,303,000	99,772,000	97,967,000	96,231,000	87,338,000	81,552,000	80,386,000	78,035,000	76,446,000													40,864,750	59,225,000
income before other income and income taxes																																																														28,183,000	23,702,000	23,449,000	21,697,000	16,964,000	18,861,000	14,541,000	16,271,000	-2,217,000	10,608,000	14,159,000	16,439,000	11,306,000	10,644,000	14,623,000	15,589,000	19,961,000	15,596,000	20,264,000	15,790,000	20,382,000	21,593,000
gain on repurchase of convertible notes																																																																				215,000	3,053,000	6,679,000		1,417,000
contingent interest expense																																																																												-888,000
pay-off of future contingent interest																																																																												-11,733,000
basic – earnings per share computation:
net income available to common stockholders																																																																										4,848	5,358	-821	5,657	6,627	5,208	7,495	4,678
weighted-average shares outstanding																																																																										22,865	22,922	22,801	22,783	22,754	22,778	22,776	22,681	22,299	22,331
earnings per share – basic																																																																										0.113	0.23	-0.04	0.25	0.19	0.23	0.33	0.21	0.263	0.35
diluted – earnings per share computation:
incremental shares from assumed conversion of stock awards																																																																										145.75	551
diluted weighted-average shares outstanding																																																																										23,386	23,473	22,803	23,314	23,390	23,383	23,391	23,813	23,998	24,085
earnings per share – diluted																																																																										0.11	0.23	-0.04	0.24	0.185	0.22	0.32	0.2	0.248	0.33
incremental shares from assumed conversion of stock options																																																																													531	161	605	615	1,132	316.5	1,272
basic—earnings per share computation:
diluted—earnings per share computation:
basic - earnings per share computation:
diluted - earnings per share computation:
interest expense on convertible notes, net of tax
income available to common stockholders																																																																														4,345.25	5,208
incremental shares from assumed conversion of convertible notes																																																																																		297	482
servicing fees and other revenue																																																																																		358,500	1,139,000
basic earnings per share computation:
diluted earnings per share computation:
interest expense on convertible bonds, net of tax																																																																																		15	60
diluted net income																																																																																		5,847	7,839

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30

assets
cash and cash equivalents	227,204,000	156,784,000	172,488,000	172,896,000	187,117,000	199,865,000	247,353,000	250,621,000	172,990,000	158,364,000	144,711,000	184,871,000	158,774,000	143,912,000	147,035,000	154,295,000	160,217,000	189,645,000	158,243,000	198,516,000	184,598,000	189,184,000	169,983,000	293,800,000	188,199,000	192,335,000	186,677,000	168,565,000	167,096,000	157,418,000	204,649,000	181,657,000	217,138,000	212,139,000	188,246,000	146,647,000	159,931,000	149,765,000	157,672,000	139,009,000	144,613,000	153,593,000	175,220,000	138,158,000	136,209,000	124,163,000	115,440,000	123,407,000	196,389,000	126,213,000	110,156,000	222,171,000	29,904,000	17,510,000	19,263,000	15,014,000	15,446,000	8,047,000	10,672,000	14,660,000	22,375,000	10,905,000	11,531,000	10,402,000	7,575,000	8,388,000	6,940,000	5,935,000	4,261,000	10,341,000	5,403,000	5,047,000	9,024,000	4,900,000	4,478,000	4,495,000	6,873,000	10,791,000	16,303,000	10,078,000	6,739,000	7,026,000	10,459,000
receivable portfolios	4,437,415,000	4,371,532,000	4,270,016,000	4,184,780,000	3,952,531,000
property and equipment	79,292,000	82,080,000	82,041,000	84,055,000	82,014,000	80,597,000	103,550,000	102,291,000	102,776,000	103,959,000	102,208,000	107,218,000	110,184,000	113,900,000	104,051,000	109,591,000	115,716,000	119,857,000	121,097,000	120,090,000	124,586,000	127,297,000	120,125,000	117,873,000	119,417,000	120,051,000	116,633,000	118,001,000	117,371,000	115,518,000	96,429,000	89,071,000	81,008,000	76,276,000	71,213,000	71,135,000	71,805,000	72,257,000	66,703,000	67,428,000	68,162,000	73,504,000	63,042,000	66,413,000	64,601,000	66,969,000	64,565,000	58,839,000	55,879,000	55,783,000	50,050,000	36,788,000	24,389,000	23,223,000	19,771,000	20,161,000	19,603,000	17,796,000	16,412,000	14,830,000	13,677,000	13,658,000	11,599,000	11,234,000	9,922,000	9,427,000	8,698,000	6,750,000	6,279,000	6,272,000	5,182,000	5,344,000	4,990,000	4,390,000	4,650,000	4,954,000	5,200,000	5,249,000	4,868,000	4,775,000	4,811,000	5,113,000	4,663,000
other assets	177,163,000	193,113,000	197,772,000	206,743,000	228,514,000	225,090,000	295,422,000	277,799,000	277,622,000	293,256,000	366,815,000	401,299,000	368,041,000	341,073,000	331,029,000	336,265,000	324,521,000	335,275,000	291,840,000	292,078,000	323,137,000	349,162,000	309,296,000	289,916,000	302,019,000	329,223,000	291,018,000	341,769,000	338,462,000	257,002,000	244,602,000	250,923,000	276,966,000	302,728,000	254,993,000	239,218,000	229,166,000	215,447,000	206,403,000	184,721,000	157,533,000	245,620,000	229,697,000	199,689,000	214,103,000	197,666,000	218,119,000	217,471,000	181,697,000	154,783,000	120,441,000	91,881,000	31,113,000	27,006,000	23,068,000	21,592,000	11,842,000	11,968,000	11,236,000	13,727,000	13,892,000	13,301,000	11,784,000	9,793,000	10,194,000	4,252,000	4,414,000	5,073,000	4,703,000	5,286,000	7,109,000	8,180,000	7,999,000	8,800,000	26,200,000	25,618,000	23,210,000	21,903,000	19,111,000	17,790,000	16,262,000	16,065,000	15,002,000
goodwill	529,487,000	536,291,000	535,626,000	542,912,000	519,410,000	507,808,000	628,131,000	602,811,000	602,400,000	606,475,000	826,010,000	852,196,000	834,174,000	821,214,000	769,548,000	824,210,000	876,541,000	897,795,000	895,515,000	915,067,000	912,170,000	906,962,000	866,657,000	838,024,000	839,301,000	884,185,000	831,549,000	865,527,000	882,884,000	868,126,000	898,591,000	909,063,000	957,120,000	928,993,000	853,162,000	831,556,000	796,408,000	785,032,000	819,785,000	840,544,000	890,504,000	924,847,000	940,181,000	969,928,000	865,701,000	897,933,000	921,519,000	879,910,000	844,567,000	504,213,000	489,520,000	119,788,000	51,437,000	55,446,000	55,446,000	55,318,000	6,047,000	15,985,000	15,985,000	15,985,000	15,985,000	15,985,000	15,985,000	15,985,000	15,985,000	15,985,000	15,985,000	15,985,000	15,985,000	15,985,000	15,985,000	15,985,000	15,985,000	15,985,000	13,735,000	13,735,000	13,735,000	13,735,000	13,735,000	14,205,000	14,148,000	14,148,000	3,796,000
total assets	5,450,561,000	5,339,800,000	5,257,943,000	5,191,386,000	4,969,586,000	4,789,729,000	4,993,716,000	4,816,844,000	4,687,175,000	4,630,486,000	4,760,288,000	4,876,570,000	4,685,965,000	4,508,360,000	4,327,865,000	4,459,484,000	4,614,381,000	4,608,125,000	4,549,966,000	4,679,752,000	4,770,169,000	4,864,523,000	4,732,053,000	4,740,854,000	4,614,954,000	4,909,950,000	4,708,055,000	4,811,025,000	4,813,607,000	4,631,875,000	4,647,404,000	4,606,207,000	4,642,260,000	4,490,712,000	4,173,786,000	3,918,797,000	3,764,662,000	3,670,497,000	3,705,483,000	3,770,445,000	3,823,619,000	4,219,852,000	4,103,010,000	4,113,978,000	3,648,187,000	3,750,135,000	3,722,086,000	3,592,797,000	3,434,696,000	2,685,274,000	2,591,003,000	1,805,447,000	1,132,479,000	1,171,340,000	1,109,085,000	1,167,945,000	837,972,000	812,483,000	747,440,000	762,980,000	754,185,000	736,468,000	664,074,000	645,643,000	622,503,000	595,159,000	602,882,000	585,316,000	551,527,000	549,298,000	527,358,000	495,475,000	487,428,000	483,495,000	432,502,000	416,875,000	406,657,000	395,338,000	373,553,000	357,259,000	358,738,000	361,204,000	340,596,000
liabilities and equity
liabilities:
accounts payable and accrued liabilities	252,277,000	230,261,000	259,884,000	214,663,000	234,000,000	233,545,000	222,841,000	197,555,000	180,206,000	189,928,000	190,646,000	203,050,000	179,971,000	198,217,000	197,471,000	201,168,000	229,839,000	229,586,000	214,486,000	190,707,000	189,529,000	215,920,000	221,837,000	218,471,000	168,481,000	223,911,000	208,994,000	218,837,000	195,686,000	287,945,000	274,213,000	286,386,000	244,948,000	284,774,000	269,927,000	256,982,000	224,788,000	234,398,000	217,242,000	217,215,000	238,203,000	294,243,000	239,151,000	214,621,000	195,887,000	231,967,000	192,309,000	163,958,000	124,803,000	137,272,000	106,632,000	76,846,000	42,120,000	45,450,000	43,108,000	41,149,000	31,161,000	29,628,000	27,924,000	25,942,000	26,142,000	26,539,000	20,606,000	22,028,000	18,253,000	21,815,000	19,775,000	19,410,000	17,805,000	18,204,000	18,189,000	20,156,000	17,210,000	20,346,000	18,823,000	18,752,000	19,570,000	23,744,000	19,609,000	19,679,000	18,938,000	23,101,000	22,952,000
borrowings	4,033,301,000	4,001,293,000	3,933,858,000	3,965,465,000	3,790,698,000	3,672,762,000	3,550,574,000	3,455,130,000	3,364,029,000	3,318,031,000	3,114,175,000	3,203,425,000	3,081,786,000	2,898,821,000	2,690,220,000	2,793,009,000	2,934,033,000	2,997,331,000	2,796,224,000	2,999,296,000	3,151,928,000	3,281,634,000	3,252,101,000	3,353,730,000	3,404,427,000	3,513,197,000	3,429,343,000
other liabilities	130,175,000	131,496,000	111,287,000	115,287,000	125,827,000	116,091,000	172,196,000	176,032,000	189,081,000	185,989,000	256,684,000	236,260,000	240,052,000	231,695,000	247,245,000	233,707,000	204,134,000	195,947,000	140,436,000	135,399,000	149,928,000	146,893,000	130,859,000	126,266,000	136,235,000	147,436,000	145,721,000	159,514,000	150,458,000	33,609,000	33,279,000	37,732,000	33,187,000	35,151,000	32,207,000	29,776,000	29,794,000	29,601,000	27,718,000	30,451,000	27,975,000	60,549,000	87,735,000	83,877,000	87,458,000	79,675,000	98,864,000	99,209,000	99,469,000	87,936,000	6,967,000	6,269,000	1,738,000	2,722,000	2,132,000	5,040,000	5,297,000	6,661,000	5,245,000	4,128,000	3,780,000	485,000	1,033,000	1,066,000	1,321,000	2,036,000	2,306,000	2,648,000	3,176,000	3,483,000	1,650,000	1,668,000	3,072,000	1,642,000	606,000
total liabilities	4,415,753,000	4,363,050,000	4,305,029,000	4,295,415,000	4,150,525,000	4,022,398,000	3,945,611,000	3,828,717,000	3,733,316,000	3,693,948,000	3,561,505,000	3,642,735,000	3,501,809,000	3,328,733,000	3,134,936,000	3,227,884,000	3,368,006,000	3,422,864,000	3,151,146,000	3,325,402,000	3,491,385,000	3,644,447,000	3,604,797,000	3,698,467,000	3,709,143,000	3,884,544,000	3,784,058,000	3,908,068,000	3,939,050,000	3,812,187,000	3,868,959,000	3,854,533,000	3,885,236,000	3,766,801,000	3,450,631,000	3,250,687,000	3,125,189,000	3,069,982,000	3,093,403,000	3,096,732,000	3,159,612,000	3,571,364,000	3,443,330,000	3,432,685,000	2,974,227,000	3,085,196,000	3,081,919,000	2,979,033,000	2,836,405,000	2,082,803,000	2,030,732,000	1,295,077,000	705,548,000	765,524,000	677,903,000	764,304,000	453,115,000	440,948,000	393,519,000	425,706,000	435,345,000	433,771,000	377,561,000	373,516,000	365,337,000	352,068,000	370,951,000	363,952,000	337,819,000	353,408,000	332,110,000	305,488,000	307,624,000	311,975,000	266,460,000	257,200,000	248,520,000	244,202,000	230,992,000	221,963,000	232,848,000	242,852,000	229,518,000
commitments and contingencies
equity:
convertible preferred stock, 0.01 par value...
common stock, 0.01 par value...	215,000	217,000	229,000	231,000	235,000	237,000	237,000	237,000	237,000	235,000	235,000	235,000	235,000	233,000	235,000	240,000	244,000	245,000	296,000	304,000	310,000	313,000	313,000	313,000	312,000	311,000	311,000	310,000	310,000
additional paid-in capital					9,645,000	19,297,000	17,016,000	13,257,000	8,648,000	11,052,000	8,106,000	3,906,000							105,326,000	143,827,000	167,655,000	230,440,000	227,113,000	227,030,000	222,403,000	222,590,000	221,814,000	211,508,000	208,374,000	208,498,000	207,985,000	68,820,000	45,906,000	42,646,000	43,006,000	43,076,000	113,532,000	103,392,000	83,521,000	112,959,000	109,228,000	110,533,000	106,454,000	101,288,000	128,135,000	125,310,000	121,491,000	116,037,000	132,290,000	171,819,000	171,548,000	163,753,000	89,189,000	88,029,000	133,005,000	128,615,000	124,638,000	123,406,000	122,082,000	119,560,000	115,367,000	113,412,000	112,081,000	110,117,000	106,831,000	104,261,000	101,677,000	100,321,000	99,622,000	79,971,000	78,441,000	76,963,000	74,947,000	73,310,000	71,698,000	69,678,000	67,854,000	66,532,000	64,683,000	62,652,000	60,729,000	57,989,000	58,486,000
accumulated earnings	1,167,038,000	1,104,640,000	1,083,975,000	1,015,221,000	956,723,000	909,927,000	1,135,234,000	1,104,591,000	1,072,410,000	1,049,171,000	1,319,933,000	1,300,594,000	1,274,289,000	1,278,210,000	1,358,415,000	1,349,937,000	1,310,039,000	1,238,564,000	1,352,825,000	1,269,259,000	1,172,756,000	1,055,668,000	1,018,348,000	963,698,000	833,366,000	888,058,000	844,973,000	806,104,000	769,443,000	720,189,000	673,153,000	652,428,000	626,130,000	616,314,000	602,199,000	593,290,000	580,957,000	560,567,000	597,247,000	598,771,000	569,183,000	543,489,000	544,477,000	555,436,000	527,779,000	498,354,000	471,704,000	441,369,000	417,808,000	394,628,000	371,676,000	349,789,000	338,777,000	319,329,000	299,162,000	277,854,000	261,258,000	249,852,000	232,718,000	217,348,000	202,573,000	188,894,000	174,723,000	162,433,000	150,703,000	139,842,000	131,437,000	122,433,000	115,792,000	117,809,000	117,578,000	113,805,000	106,475,000	98,975,000	94,127,000	88,769,000	89,590,000	83,933,000	77,306,000	72,098,000	64,603,000	59,925,000	52,162,000
accumulated other comprehensive loss	-132,445,000	-128,107,000	-131,290,000	-119,481,000	-147,542,000	-162,130,000	-104,382,000	-129,958,000	-127,436,000	-123,920,000	-129,491,000	-70,900,000	-90,368,000	-98,816,000	-165,721,000	-118,577,000	-63,908,000	-53,548,000	-59,627,000	-59,040,000	-64,541,000	-68,813,000	-121,098,000	-152,190,000	-153,355,000	-88,766,000	-146,158,000	-117,427,000	-105,864,000	-110,987,000	-103,394,000	-96,900,000	-61,463,000	-77,356,000	-74,153,000	-83,110,000	-93,773,000	-104,911,000	-103,320,000	-92,536,000	-68,360,000	-57,822,000	-29,279,000	-14,796,000	-23,058,000							-3,425,000	-1,268,000	-1,774,000	-1,235,000	-3,076,000	-1,286,000						-530,000	-661,000	-603,000	-1,246,000	-1,415,000	-1,621,000	-1,937,000	-2,121,000	-1,001,000	-1,011,000	-1,848,000
total stockholders’ equity	1,034,808,000	976,750,000	952,914,000	895,971,000	819,061,000	767,331,000	1,048,105,000	988,127,000	953,859,000	936,538,000	1,198,783,000	1,233,835,000	1,184,156,000	1,179,627,000	1,192,929,000	1,231,600,000	1,246,375,000																																560,681,000	575,907,000	548,040,000	510,370,000	426,931,000	405,816,000	431,182,000	403,641,000	384,857,000	371,535,000	353,921,000	337,274,000	318,840,000	302,697,000	286,513,000	272,127,000	257,166,000	243,091,000	231,931,000	221,364,000	213,708,000	195,890,000	195,248,000	189,987,000	179,804,000	171,520,000	166,042,000	159,675,000	158,137,000	151,136,000	142,561,000	135,296,000	125,890,000	118,352,000	111,078,000
total liabilities and stockholders’ equity	5,450,561,000	5,339,800,000	5,257,943,000	5,191,386,000	4,969,586,000	4,789,729,000	4,993,716,000	4,816,844,000	4,687,175,000	4,630,486,000	4,760,288,000	4,876,570,000	4,685,965,000	4,508,360,000	4,327,865,000	4,459,484,000	4,614,381,000																																			1,805,447,000	1,132,479,000	1,171,340,000	1,109,085,000	1,167,945,000	837,972,000	812,483,000	747,440,000	762,980,000	754,185,000	736,468,000	664,074,000	645,643,000	622,503,000	595,159,000	602,882,000	585,316,000	551,527,000	549,298,000	527,358,000	495,475,000	487,428,000	483,495,000	432,502,000	416,875,000	406,657,000	395,338,000	373,553,000	357,259,000	358,738,000	361,204,000	340,596,000
investment in receivable portfolios						3,776,369,000	3,719,260,000	3,583,322,000	3,531,387,000	3,468,432,000	3,320,544,000	3,330,986,000	3,214,792,000	3,088,261,000	2,976,202,000	3,035,123,000	3,137,386,000	3,065,553,000	3,083,271,000	3,154,001,000	3,225,678,000	3,291,918,000	3,265,992,000	3,201,241,000	3,166,018,000	3,283,984,000	3,188,167,000	3,224,568,000	3,211,587,000	3,137,893,000	3,109,116,000	3,084,621,000	3,024,141,000	2,890,613,000	2,728,811,000	2,555,925,000	2,436,018,000	2,382,809,000	2,397,831,000	2,469,593,000	2,486,978,000	2,440,669,000	2,323,224,000	2,351,767,000	2,038,407,000	2,143,560,000	2,073,232,000	1,987,985,000	1,904,030,000	1,590,249,000	1,595,642,000	1,096,698,000	801,525,000	873,119,000	811,620,000	869,859,000	741,580,000	716,454,000	649,682,000	657,783,000	648,820,000	644,753,000	580,154,000	566,815,000	549,660,000	526,877,000	534,656,000	506,708,000	473,484,000	461,346,000	444,963,000	414,559,000	398,207,000	392,209,000	348,818,000	327,586,000	316,522,000	300,348,000	266,724,000	253,437,000	252,409,000		235,228,000
total encore capital group, inc. stockholders’ equity																		1,185,261,000	1,398,820,000	1,354,350,000	1,276,180,000	1,217,608,000	1,124,676,000	1,038,851,000	902,726,000	1,022,193,000	920,940,000	900,495,000	872,263,000	818,009,000	778,053,000	624,607,000	610,832,000	581,862,000	571,309,000	553,513,000	600,973,000	559,304,000	577,703,000	619,449,000	610,306,000	596,453,000	621,905,000	642,180,000	633,116,000	623,000,000	596,726,000	568,598,000	557,287,000	571,897,000	543,933,000
noncontrolling interest																					2,604,000	2,468,000	2,580,000	3,536,000	3,085,000	3,213,000	3,057,000	2,462,000	2,294,000	1,679,000	-839,000	-9,121,000	-9,057,000	-9,929,000	-8,894,000	-11,810,000	-9,154,000	-7,539,000	-3,176,000	8,940,000	8,394,000	7,285,000	3,960,000	3,564,000	4,054,000	3,981,000	3,374,000	2,948,000	3,394,000	4,010,000	4,107,000
total equity																		1,185,261,000	1,398,820,000	1,354,350,000	1,278,784,000	1,220,076,000	1,127,256,000	1,042,387,000	905,811,000	1,025,406,000	923,997,000	902,957,000	874,557,000	819,688,000	777,214,000	615,486,000	601,775,000	571,933,000	562,415,000	541,703,000	591,819,000	551,765,000	574,527,000	628,389,000	618,700,000	603,738,000	625,865,000	645,744,000	637,170,000	626,981,000	600,100,000	571,546,000
total liabilities and equity																		4,608,125,000	4,549,966,000	4,679,752,000	4,770,169,000	4,864,523,000	4,732,053,000	4,740,854,000	4,614,954,000	4,909,950,000	4,708,055,000	4,811,025,000	4,813,607,000
deferred court costs																										100,172,000	94,011,000	92,595,000	96,207,000	95,918,000	94,017,000	90,872,000	85,887,000	79,963,000	77,361,000	74,316,000	71,334,000	65,187,000	57,089,000	69,150,000	75,829,000	75,239,000	74,054,000	71,724,000	64,475,000	60,412,000	53,130,000	45,577,000	42,679,000	41,219,000	39,004,000	40,056,000	35,448,000	35,407,000	37,561,000	40,170,000	39,839,000	38,506,000	36,126,000	36,068,000	34,286,000	32,158,000	26,530,000	25,954,000	25,603,000	25,957,000	27,710,000	29,760,000	30,645,000	28,335,000	27,207,000	25,155,000	23,439,000	20,533,000
debt																												3,529,717,000	3,592,906,000	3,490,633,000	3,561,467,000	3,530,415,000	3,607,101,000	3,446,876,000	3,148,497,000	2,963,929,000	2,870,607,000	2,805,983,000	2,848,443,000	2,849,066,000	2,893,434,000	3,216,572,000	3,116,444,000	3,134,187,000	2,690,882,000	2,773,554,000	2,790,746,000	2,715,866,000	2,612,133,000	1,850,431,000	1,806,680,000	1,107,659,000	646,011,000	706,036,000	615,131,000	702,316,000	398,246,000	388,950,000	344,196,000	378,172,000	382,380,000	385,264,000	334,922,000	328,656,000	318,014,000	303,075,000	324,394,000	320,340,000	296,356,000	311,319,000	292,943,000	265,635,000	270,168,000	272,420,000	232,948,000	223,009,000	207,071,000	200,132,000	185,801,000	177,369,000	186,506,000	198,121,000	184,685,000
redeemable noncontrolling interest																															1,231,000	136,188,000	155,249,000	151,978,000	160,663,000	126,215,000	47,342,000	45,755,000	33,755,000	40,736,000	39,948,000	38,624,000	26,934,000	27,924,000	28,435,000	28,885,000	30,280,000	31,730,000	26,434,000	26,564,000	12,231,000
convertible preferred stock, .01 par value...
common stock, .01 par value...																														309,000	309,000	259,000	259,000	258,000	257,000	257,000	257,000	256,000	255,000	255,000	255,000	253,000	253,000	252,000	260,000	258,000	257,000	256,000	257,000	255,000	254,000	253,000	233,000	232,000	250,000	248,000	247,000	245,000	245,000	244,000	242,000	240,000	239,000	238,000	235,000	234,000	232,000	231,000	231,000	231,000	230,000	230,000	230,000	230,000	230,000	228,000	228,000	228,000	228,000	228,000	228,000	227,000	226,000
total liabilities, redeemable equity and equity																														4,631,875,000	4,647,404,000	4,606,207,000	4,642,260,000	4,490,712,000	4,173,786,000	3,918,797,000	3,764,662,000	3,670,497,000	3,705,483,000	3,770,445,000	3,823,619,000	4,219,852,000	4,103,010,000	4,113,978,000	3,648,187,000	3,750,135,000	3,722,086,000	3,592,797,000
redeemable equity component of convertible senior notes																																			77,000	192,000	312,000	2,995,000	3,798,000	4,588,000	5,359,000	6,126,000	6,881,000	7,625,000	8,355,000	9,073,000	9,787,000	10,488,000	11,176,000
assets associated with discontinued operations
liabilities associated with discontinued operations
receivables secured by property tax liens																																										306,380,000	297,592,000	316,299,000	264,691,000	259,432,000	276,081,000	279,608,000	209,455,000	212,814,000	186,190,000	198,065,000
accumulated other comprehensive gain																																														-922,000	3,274,000	10,936,000	6,932,000	5,195,000	455,000
liabilities and stockholders’ equity
stockholders’ equity:
total liabilities, redeemable noncontrolling interest and stockholders’ equity																																																	3,434,696,000	2,685,274,000	2,591,003,000
deferred tax liabilities																																																		7,164,000	110,453,000	104,303,000	8,443,000	8,236,000	17,532,000	15,799,000	16,333,000	15,709,000	16,154,000	17,464,000	17,568,000	17,626,000	16,772,000	16,958,000	17,097,000	16,980,000	15,545,000	15,468,000	15,253,000	15,199,000	14,431,000	13,659,000	13,091,000	13,669,000	10,862,000	12,491,000	13,245,000	10,667,000	11,507,000	9,463,000	7,963,000
property tax payment agreements receivable																																																					153,580,000	135,100,000	135,190,000	139,421,000
interest receivable																																																					4,621,000	4,042,000	4,180,000	4,115,000
identifiable intangible assets																																																					462,000	487,000	515,000	550,000		462,000	534,000	605,000	676,000	748,000	846,000	943,000	1,041,000	1,139,000	1,268,000	1,418,000	1,578,000	1,739,000	1,943,000	2,148,000	2,352,000	2,557,000	2,825,000	3,092,000	3,360,000	3,628,000	4,027,000	4,427,000	4,827,000	5,227,000
income tax payable																																																					7,236,000	3,080,000			2,078,000											686,000
accounts receivable																																																							2,471,000	1,745,000	3,615,000	3,265,000	3,703,000	2,998,000	4,474,000	3,331,000	2,983,000	2,478,000	2,523,000	3,134,000	3,211,000	3,385,000	1,775,000	1,757,000	4,364,000	3,588,000	3,238,000	4,136,000	4,915,000	3,768,000	4,407,000	2,599,000	4,520,000	3,565,000	3,504,000	5,515,000	3,205,000
accumulated other comprehensive income																																																										-1,968,000	-1,124,000	122,000	658,000	151,000												-995,000	-13,000	1,000,000	465,000	443,000	344,000	318,000	330,000	211,000	204,000
prepaid income tax																																																											3,090,000	6,324,000		1,629,000	2,662,000	2,039,000					2,515,000	7,935,000	465,000	1,518,000	5,544,000	10,346,000	5,031,000	8,079,000	4,381,000	3,727,000	8,655,000	9,331,000	12,464,000	4,289,000	1,976,000
income taxes payable																																																													5,475,000				5,188,000	2,681,000	3,256,000
deferred revenue																																																														3,857,000	4,228,000	4,808,000	5,464,000										3,034,000	2,636,000	2,387,000	2,156,000	1,930,000	1,524,000	4,344,000	3,326,000	4,320,000
commitments and contingencies and subsequent events
forward flow asset																																																																				10,302,000	10,302,000	10,302,000	10,302,000	10,302,000	12,937,000	15,863,000	18,399,000	21,078,000	24,027,000	27,566,000	30,751,000	33,690,000	35,798,000	38,201,000	40,136,000
deferred revenue and purchased servicing obligation																																																																		5,481,000	5,675,000	5,400,000	5,229,000	5,203,000	4,897,000	4,370,000	4,083,000	3,898,000
restricted cash																																																																							4,435,000	3,649,000	3,713,000	3,776,000	3,137,000	3,942,000	4,139,000	4,660,000	3,364,000	4,027,000	5,302,000	4,212,000	2,485,000
commitments, contingencies and subsequent events
accrued profit sharing arrangement																																																																													5,784,000	6,869,000	11,298,000	12,848,000	13,759,000	16,528,000
purchased servicing asset																																																																											314,000	528,000	803,000	1,132,000	1,495,000	1,934,000	2,474,000	3,035,000
purchased servicing obligation																																																																											187,000	312,000	463,000	634,000	847,000	1,080,000	1,338,000	1,776,000
investment in marketable securities
investment in receivables portfolios																																																																																		256,333,000
deferred tax assets																																																																																		2,040,000	2,474,000
investments in marketable securities
note receivable																																																																																			1,886,000
unallocated intangible assets																																																																																			19,286,000
accrued contingent interest																																																																																			17,561,000
commitments and contingencies – note 10
preferred stock, .01 par value...

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31

operating activities:
net income	86,243,000	76,657,000	74,660,000	58,721,000	46,796,000	-225,307,000	30,643,000	32,181,000	23,239,000	-270,762,000	19,339,000	26,305,000	18,626,000	-73,118,000	31,494,000	60,439,000	175,749,000	76,083,000	83,566,000	96,787,000	94,765,000	37,212,000	55,107,000	130,784,000	-10,579,000	43,232,000	39,413,000	36,822,000	49,442,000	46,033,000	13,016,000	26,974,000	23,713,000	2,779,000	42,144,000	19,076,000	14,979,000	11,323,000	-51,946,000	30,833,000	26,607,000	1,596,000	-9,364,000	25,185,000	29,967,000	27,957,000	30,138,000	21,353,000	18,830,000	22,216,000	21,064,000	11,012,000	19,448,000	20,167,000	21,308,000	16,596,000	11,406,000	17,134,000	15,370,000	14,775,000	13,679,000	14,171,000	12,290,000	11,730,000	10,861,000	8,405,000	9,004,000	6,641,000	8,997,000	231,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	6,858,000	6,935,000	7,170,000	7,311,000	7,344,000	8,967,000	8,158,000	7,461,000	7,848,000	8,969,000	11,196,000	10,702,000	10,870,000	15,360,000	11,659,000	11,646,000	11,829,000	12,385,000	14,136,000	12,046,000	11,512,000	11,344,000	10,609,000	10,542,000	10,285,000	11,293,000	10,000,000	9,741,000	9,995,000	9,996,000	9,873,000	10,923,000	10,436,000	14,158,000	8,522,000	8,672,000	8,625,000	8,740,000	8,032,000	8,235,000	9,861,000	9,276,000	8,235,000	8,084,000	8,350,000	8,070,000	6,933,000	6,829,000	6,117,000	5,020,000	4,523,000	2,158,000	1,846,000	1,647,000	1,533,000	1,297,000	1,363,000	1,309,000	1,194,000	1,105,000	1,053,000	958,000	816,000	752,000	673,000	697,000	652,000	620,000	623,000	652,000
other non-cash interest expense	2,537,000	3,213,000	3,940,000	3,667,000	3,544,000	3,946,000	4,438,000	4,214,000	3,727,000	4,634,000	3,866,000	4,066,000	4,594,000	3,891,000	3,835,000	3,953,000	4,196,000	4,108,000	4,274,000	4,654,000	4,749,000	914,000	10,598,000	6,218,000	5,909,000	6,250,000	7,816,000	9,604,000	6,629,000																		7,015,000	8,720,000	5,254,000
stock-based compensation expense	4,575,000	5,221,000	4,341,000	5,283,000	3,424,000	2,281,000	3,737,000	4,637,000	3,357,000	2,837,000	3,092,000	3,873,000	4,052,000	3,171,000	3,191,000	5,119,000	3,921,000	5,427,000	3,847,000	5,651,000	3,405,000	3,371,000	3,884,000	4,778,000	4,527,000	3,145,000	4,005,000	3,581,000	1,826,000	2,528,000	5,007,000	3,169,000	2,276,000	3,358,000	3,531,000	2,760,000	750,000	3,125,000	633,000	5,151,000	3,718,000	4,749,000	5,156,000	6,198,000	5,905,000	3,621,000	4,009,000	4,715,000	4,836,000	3,486,000	3,983,000	2,179,000	3,001,000	2,084,000	1,905,000	2,539,000	2,266,000	1,729,000	2,405,000	1,810,000	1,765,000	1,254,000	1,549,000	1,446,000	1,761,000	1,049,000	1,261,000	994,000	1,080,000	382,000
changes in recoveries	-62,740,000	-68,072,000	-63,636,000	-55,599,000	-21,464,000	95,760,000	-12,675,000	-5,754,000	12,409,000	52,476,000	17,067,000	3,486,000	9,501,000	86,148,000	13,080,000	-25,150,000	-167,223,000	-22,508,000
other	4,681,000	423,000	186,000	5,308,000	1,737,000	10,403,000	4,120,000	2,640,000	717,000	-301,000	-2,943,000	2,828,000	-1,843,000	4,479,000	5,052,000	4,480,000	4,787,000	-873,000	5,997,000	7,075,000	4,931,000	-8,209,000	19,546,000	2,762,000	2,161,000	-13,703,000	4,488,000	9,919,000	4,081,000	21,235,000	-11,324,000	395,000	1,239,000	6,639,000	-2,404,000	3,502,000	1,057,000	12,064,000	-13,572,000	2,311,000	1,191,000	-1,134,000	1,886,000	1,590,000	-298,000	-3,202,000			-391,000	-3,260,000
changes in operating assets and liabilities
other assets	4,892,000	-7,393,000	2,419,000	18,396,000	-3,499,000	7,032,000	-9,381,000	-19,673,000	-6,223,000	37,714,000	13,910,000	-32,591,000	-3,139,000	-43,490,000	-2,269,000	37,590,000	1,447,000	-9,393,000	1,846,000	15,290,000	-3,816,000																														7,855,000	-6,872,000	-1,630,000	-186,000	-318,000	624,000	-326,000	671,000	1,741,000	1,586,000	-1,819,000	-627,000	-802,000	861,000	-822,000	-45,000	833,000	-2,291,000	-165,000	3,044,000
accounts payable, accrued liabilities and other liabilities	35,280,000	-29,992,000	52,501,000	-33,563,000	7,401,000	25,316,000	14,359,000	10,987,000	5,740,000	1,155,000	-10,106,000	6,625,000	-8,117,000	15,081,000	-8,124,000	-3,770,000	-34,182,000	14,791,000	9,463,000	-5,731,000	-27,215,000	-8,841,000	-224,000	19,586,000	-46,476,000	-18,642,000	258,000	23,915,000	-67,775,000	21,524,000	-12,605,000	42,225,000	-35,539,000	11,156,000	-6,731,000	13,325,000	-16,095,000	26,585,000	3,090,000	-13,213,000	-14,023,000	384,000	42,573,000	15,025,000	-16,338,000	-14,329,000	22,276,000	26,020,000	-24,446,000	24,037,000	-4,209,000	5,801,000	-2,980,000	2,392,000	-3,524,000	4,469,000	853,000	2,275,000	1,853,000	1,048,000	-1,889,000	5,799,000	-1,828,000	2,715,000	-3,787,000	1,795,000	229,000
net cash from operating activities	82,326,000	16,811,000	81,581,000	9,524,000	45,283,000	23,544,000	45,927,000	35,713,000	50,984,000	36,780,000	53,588,000	26,710,000	35,913,000	55,805,000	56,346,000	44,000,000	54,530,000	91,063,000	63,025,000	79,846,000	69,119,000	62,882,000	40,267,000	138,910,000	70,805,000	47,787,000	88,126,000	97,829,000	10,991,000	66,769,000	22,395,000	96,598,000	1,029,000	42,127,000	10,401,000	44,130,000	27,160,000	45,064,000	36,188,000	17,227,000	31,853,000	51,044,000	15,969,000	28,022,000	19,390,000	12,781,000	61,166,000	40,188,000	-2,591,000	34,909,000	28,615,000	-12,442,000	23,693,000	32,367,000	21,548,000	17,502,000	27,103,000	26,348,000	26,488,000	8,108,000	23,635,000	22,705,000	17,174,000	13,044,000	20,528,000	20,147,000	22,224,000	16,857,000	16,888,000	18,446,000	11,112,000	17,620,000	15,893,000	12,991,000	12,038,000	-11,242,000	2,047,000	12,274,000	9,604,000	11,470,000	4,679,000	7,044,000
capital expenditures	-4,856,000	-6,932,000	-6,018,000	-6,330,000	-6,990,000	-8,556,000	-6,200,000	-7,390,000	-6,861,000	-8,042,000	-7,262,000	-4,618,000	-4,885,000	-16,156,000	-9,131,000	-4,858,000	-7,079,000	-9,209,000	-13,812,000	0	0	-11,942,000	-9,630,000	-5,490,000	-7,538,000	-8,890,000	-13,232,000	-7,253,000	-10,227,000	-30,039,000	-12,781,000	-13,435,000	-11,220,000	-7,608,000	-8,534,000	-5,903,000	-6,081,000	-15,120,000	-6,454,000	-7,842,000	-2,252,000	-12,893,000	-5,112,000	-6,371,000	-4,271,000	-9,640,000	-4,655,000	-5,965,000	-2,978,000	-5,245,000	-2,843,000	-3,020,000	-2,315,000	-2,600,000	-1,070,000	-1,040,000	-1,555,000	-2,106,000	-1,997,000	-831,000	-630,000	-999,000	-76,000	-1,439,000	-208,000	-1,006,000	-2,226,000	-931,000	-469,000	-137,000	-105,000	-917,000	-1,117,000	-283,000	-261,000	-326,000	-552,000	-983,000	-657,000	-525,000	-265,000	-980,000
free cash flows	77,470,000	9,879,000	75,563,000	3,194,000	38,293,000	14,988,000	39,727,000	28,323,000	44,123,000	28,738,000	46,326,000	22,092,000	31,028,000	39,649,000	47,215,000	39,142,000	47,451,000	81,854,000	49,213,000	79,846,000	69,119,000	50,940,000	30,637,000	133,420,000	63,267,000	38,897,000	74,894,000	90,576,000	764,000	36,730,000	9,614,000	83,163,000	-10,191,000	34,519,000	1,867,000	38,227,000	21,079,000	29,944,000	29,734,000	9,385,000	29,601,000	38,151,000	10,857,000	21,651,000	15,119,000	3,141,000	56,511,000	34,223,000	-5,569,000	29,664,000	25,772,000	-15,462,000	21,378,000	29,767,000	20,478,000	16,462,000	25,548,000	24,242,000	24,491,000	7,277,000	23,005,000	21,706,000	17,098,000	11,605,000	20,320,000	19,141,000	19,998,000	15,926,000	16,419,000	18,309,000	11,007,000	16,703,000	14,776,000	12,708,000	11,777,000	-11,568,000	1,495,000	11,291,000	8,947,000	10,945,000	4,414,000	6,064,000
investing activities:
purchases of receivable portfolios, net of put-backs	-359,463,000	-322,841,000	-340,832,000	-362,679,000	-362,712,000	-491,574,000	-277,908,000	-275,593,000	-291,367,000	-288,105,000	-227,380,000	-270,096,000	-274,625,000	-221,537,000	-231,100,000	-171,634,000	-166,298,000	-184,267,000	-166,464,000	-139,524,000	-167,025,000	-126,089,000	-167,301,000	-141,613,000	-209,045,000	-278,029,000	-257,164,000	-241,302,000	-258,635,000	-249,306,000	-248,749,000	-352,131,000	-280,909,000	-306,351,000	-274,971,000	-241,622,000	-222,885,000	-194,707,000	-195,041,000	-236,675,000	-280,990,000	-199,803,000	-193,655,000	-213,063,000	-143,239,000	-196,527,000	-191,349,000	-217,946,000	-257,175,000	-93,124,000
collections applied to receivable portfolios	328,395,000	290,699,000	292,892,000	293,811,000	259,589,000
purchases of property and equipment	-4,856,000	-6,932,000	-6,018,000	-6,330,000	-6,990,000	-8,556,000	-6,200,000	-7,390,000	-6,861,000	-8,042,000	-7,262,000	-4,618,000	-4,885,000	-16,156,000	-9,131,000	-4,858,000	-7,079,000	-9,209,000	-13,812,000			-11,942,000	-9,630,000	-5,490,000	-7,538,000	-8,890,000	-13,232,000	-7,253,000	-10,227,000	-30,039,000	-12,781,000	-13,435,000	-11,220,000	-7,608,000	-8,534,000	-5,903,000	-6,081,000	-15,120,000	-6,454,000	-7,842,000	-2,252,000	-12,893,000	-5,112,000	-6,371,000	-4,271,000	-9,640,000	-4,655,000	-5,965,000	-2,978,000	-5,245,000	-2,843,000	-3,020,000	-2,315,000	-2,600,000	-1,070,000	-1,040,000	-1,555,000	-2,106,000	-1,997,000	-831,000	-630,000	-999,000	-76,000	-1,439,000	-208,000	-1,006,000	-2,226,000	-931,000	-469,000	-137,000	-105,000	-917,000	-1,117,000	-283,000	-261,000	-326,000	-552,000	-983,000	-657,000	-525,000	-265,000	-980,000
net cash from investing activities	-27,407,000	-27,037,000	-45,897,000	-69,374,000	-100,278,000	-264,725,000	-43,819,000	-41,004,000	-90,882,000	-131,215,000	-56,480,000	-83,531,000	-130,715,000	-89,563,000	-75,779,000	-1,983,000	37,090,000	27,088,000	72,111,000	145,430,000	95,267,000	75,251,000	18,588,000	32,242,000	-43,255,000	-4,375,000	-82,270,000	-46,174,000	-69,514,000	-71,445,000	-85,184,000	-156,399,000	-84,488,000	-244,351,000	-92,705,000	-66,084,000	-48,991,000	-77,176,000	-38,626,000	-71,783,000	18,796,000	-117,804,000	-23,023,000	-336,373,000	4,491,000	-50,956,000	-210,298,000	-140,953,000	-352,990,000	-2,846,000	-11,671,000	-257,374,000	54,651,000	-61,769,000	65,805,000	-320,752,000	-27,054,000	-71,592,000	4,499,000	-10,801,000	-10,194,000	-71,030,000	-19,472,000	-21,433,000	-30,872,000	1,786,000	-24,204,000	-38,719,000	-18,034,000	-41,927,000	-37,777,000	-18,024,000	-9,524,000			-7,395,000	-12,970,000	-32,134,000	-11,819,000	989,000	5,774,000	-22,435,000
financing activities:
payment of loan and debt refinancing costs	-1,109,000	-6,318,000	-1,401,000	-2,236,000	-255,000	-3,254,000	-963,000	-6,999,000	-10,202,000	-5,483,000	-73,000	-2,301,000	-5,850,000					-296,000	-1,050,000			-33,779,000				-2,809,000	-789,000
proceeds from credit facilities	358,021,000	460,503,000	263,146,000	303,179,000	246,426,000	1,572,626,000	65,389,000	144,906,000	248,549,000	565,967,000	185,274,000	215,677,000	229,128,000	142,171,000	190,489,000	118,580,000	328,273,000	402,990,000	60,878,000	84,770,000	273,293,000	124,720,000	1,416,844,000	107,190,000	171,880,000	122,529,000	158,248,000	126,594,000	196,263,000	175,715,000	340,821,000	248,201,000	177,449,000	506,339,000	597,121,000	131,058,000	199,962,000	130,230,000	167,036,000	102,867,000	185,883,000	170,622,000	165,671,000	603,363,000	134,285,000	349,968,000	313,577,000	222,606,000	457,266,000	137,875,000	8,000,000
repayment of credit facilities	-304,185,000	-659,559,000	-280,989,000	-232,632,000	-185,831,000	-575,533,000	-58,389,000	-537,838,000	-696,351,000	-542,903,000	-186,881,000	-119,800,000	-140,043,000	-83,279,000	-133,681,000	-118,129,000	-180,614,000	-182,460,000	-202,758,000	-275,801,000	-235,399,000	-239,058,000	-1,736,142,000	-148,401,000	-167,221,000	-145,437,000	-164,804,000	-156,334,000	-119,854,000	-105,478,000	-173,236,000	-205,074,000	-87,356,000	-195,616,000	-599,108,000	-115,272,000	-258,073,000	-171,889,000	-136,022,000	-72,795,000	-235,151,000	-425,059,000	-112,383,000	-229,967,000	-124,395,000	-305,361,000	-146,026,000	-285,812,000	-447,045,000	-138,701,000	-263,287,000
repurchase and retirement of common stock	-20,092,000	-55,073,000	-10,114,000	-15,211,000	-10,004,000									-10,253,000
net cash from financing activities	18,609,000	-5,702,000	-36,674,000	46,893,000	40,337,000	187,287,000	-9,005,000	83,702,000	55,790,000	109,428,000	-31,754,000	80,252,000	110,374,000	33,247,000	14,908,000	-37,584,000	-118,016,000		-195,026,000	-209,537,000	-160,110,000	-135,309,000	-180,323,000	-65,806,000	-21,762,000	-51,083,000	3,735,000	-43,969,000	71,547,000	-38,550,000	83,892,000	36,397,000	84,638,000	222,908,000	119,460,000	7,556,000	28,293,000	29,566,000	24,909,000	50,265,000	-61,487,000	55,990,000	42,060,000	316,068,000	-12,273,000	33,272,000	135,209,000	36,989,000	420,853,000	-18,680,000	-131,473,000	462,083,000	-65,950,000	27,649,000	-83,104,000	302,818,000	7,350,000	42,619,000	-34,975,000	-5,022,000	-1,971,000	47,699,000	3,427,000	11,216,000	9,531,000	-20,485,000	2,985,000	23,536,000	-4,934,000	24,643,000	27,021,000	-3,573,000	-2,245,000	39,491,000	10,579,000	16,259,000	7,005,000	14,348,000	8,440,000	-9,120,000	-10,740,000	11,958,000
net increase in cash and cash equivalents	73,528,000	-15,928,000	-990,000	-12,957,000	-14,658,000	-53,894,000	-6,897,000	78,411,000	15,892,000	14,993,000	-34,646,000	23,431,000	15,572,000			4,433,000	-26,396,000			15,739,000	4,276,000	2,824,000	-121,468,000	105,346,000	5,788,000	-7,671,000	9,591,000	7,686,000	13,024,000	-43,226,000			1,179,000	20,684,000			6,462,000	-2,546,000	22,471,000	-4,291,000	-10,838,000	-10,770,000	35,006,000	7,717,000	11,608,000	-4,903,000	-13,923,000	-63,776,000	65,272,000	13,383,000	-114,529,000	192,267,000	12,394,000	-1,753,000	4,249,000	-432,000	7,399,000		-3,988,000	-7,715,000	11,470,000		1,129,000
effect of exchange rate changes on cash and cash equivalents	-3,108,000	224,000	582,000	-1,264,000	1,910,000	6,406,000	3,629,000	-780,000	-1,266,000	-1,340,000	-5,514,000	2,666,000	-710,000	-2,612,000	-2,735,000	-10,355,000	-3,032,000	4,270,000	19,617,000	-1,821,000	-8,862,000	16,377,000	-2,349,000	255,000	-9,924,000	13,329,000	8,521,000	-6,217,000	-3,346,000	-4,005,000	1,889,000	-12,077,000	3,820,000	3,209,000	4,443,000	1,114,000	3,704,000	-5,361,000	-3,808,000	-1,313,000	1,858,000	-10,857,000	2,056,000	-5,768,000	438,000
cash and cash equivalents, beginning of period	156,784,000	0	0	0	199,865,000	0	0	0	158,364,000	0	0	0	143,912,000	0	0	0	189,645,000	0	0	0	189,184,000	0	0	0	192,335,000	0	0	0	157,418,000	0	0	0	212,139,000	0	0	0	149,765,000	0	0	0	153,593,000	0	0	0	124,163,000	0	0	0	126,213,000	0	0	0	17,510,000	0	0	0	8,047,000	0	0	0	10,905,000	0	0	0	8,388,000	0	0	0	10,341,000	3,776,000	0	0	4,900,000		0	0	10,791,000		0
cash and cash equivalents, end of period	227,204,000	-15,704,000	-408,000	-14,221,000	187,117,000	-47,488,000	-3,268,000	77,631,000	172,990,000	13,653,000	-40,160,000	26,097,000	158,774,000	-3,123,000	-7,260,000	-5,922,000	160,217,000	31,402,000	-40,273,000	13,918,000	184,598,000	19,201,000	-123,817,000	105,601,000	188,199,000		18,112,000	1,469,000	167,096,000	-47,231,000	22,992,000	-35,481,000	217,138,000	23,893,000	41,599,000	-13,284,000	159,931,000	-7,907,000	18,663,000	-5,604,000	144,613,000	-21,627,000	37,062,000	1,949,000	136,209,000	8,723,000	-7,967,000	-72,982,000	196,389,000	16,057,000	-112,015,000	192,267,000	29,904,000	-1,753,000	4,249,000	-432,000	15,446,000	-2,625,000	-3,988,000	-7,715,000	22,375,000	-626,000	1,129,000	2,827,000	7,575,000	1,448,000	1,005,000	1,674,000	4,261,000	4,938,000	356,000	-3,977,000	9,024,000		-17,000	-2,378,000	6,873,000		6,225,000
supplemental disclosures of cash flow information:
cash paid for interest	37,343,000	87,056,000	38,926,000	92,527,000	41,303,000	71,629,000	58,006,000	34,476,000	46,469,000	43,702,000	40,946,000	41,095,000	38,072,000	36,563,000	30,462,000	32,595,000	31,771,000	32,065,000	31,183,000	31,894,000	37,258,000	21,494,000	59,696,000	27,868,000	60,495,000	47,075,000																37,215,000	63,898,000	31,976,000	18,857,000	-25,091,000	65,453,000	13,542,000	41,130,000	1,938,000	35,706,000	7,052,000	5,485,000	6,584,000	7,559,000	5,956,000	5,119,000	4,447,000	4,873,000	4,716,000	5,002,000	8,283,000	375,000	3,478,000	3,516,000	2,953,000	3,133,000	2,736,000	3,699,000	3,499,000
cash paid for income taxes, net of refunds	860,000	14,592,000	10,896,000	28,031,000	1,247,000
supplemental schedule of non-cash investing activities:
receivable portfolios transferred to real estate owned	1,020,000	779,000	949,000	971,000	1,040,000
deferred income taxes						-23,998,000	2,528,000	-980,000	170,000	-56,868,000	-1,833,000	1,416,000	1,369,000	44,283,000	-1,572,000	893,000	2,806,000	43,875,000	-3,407,000	-1,795,000	-3,302,000	26,968,000	2,031,000	-5,071,000	-12,030,000	17,327,000	-18,965,000	4,295,000	19,682,000	-1,919,000	10,477,000	3,185,000	5,071,000	34,366,000	-2,232,000	876,000	-4,040,000	-6,381,000	-21,522,000	-3,414,000	-21,588,000	-32,112,000	-1,022,000	5,041,000	-4,276,000	-36,215,000	-21,479,000	4,849,000	4,767,000	-27,971,000	3,080,000
goodwill impairment																										0
impairment of assets
purchases of real estate owned
proceeds from sale of real estate owned
proceeds from senior secured notes						0	0	500,000,000	500,000,000									0	0			902,565,000				-5,939,000	0							0												0	0	0	288,645,000	0								0	0	0	25,000,000	0
repayment of senior secured notes						-759,796,000	-9,770,000	-9,770,000	-9,770,000	-9,770,000	-9,770,000	-9,770,000	-9,770,000	-9,770,000	-9,770,000	-9,770,000	-9,770,000	-9,820,000	-9,770,000	-329,815,000	-9,770,000	-881,335,000	-119,930,000	-16,250,000	-16,250,000	-10,313,000	0			-90,549,000	0	0	-1,029,000	-1,029,000	-197,038,000	-3,087,000	-3,087,000	-338,206,000	-3,087,000	-7,506,000	-3,750,000	-3,750,000	-3,750,000	-3,750,000	-3,750,000	-3,750,000	-3,750,000	-3,750,000	-3,750,000	-3,750,000	-3,750,000	-3,750,000	-2,500,000
proceeds from issuance of convertible senior notes										0	0	0	230,000,000																					0	0	0	150,000,000									0	0	0	161,000,000	0	22,500,000
repayment of convertible senior notes														0	0	-1,000	-221,152,000	0	0	0	-161,000,000	0				0								-65,001,000	0	0	-60,406,000
repayment of other debt																										-1,326,000	-6,795,000			-19,006,000
payments to settle derivative instruments
collections applied to investment in receivable portfolios						217,929,000	222,149,000	224,798,000	195,035,000	153,458,000	162,652,000	175,338,000	166,682,000	141,401,000	161,037,000	191,429,000	215,309,000	216,444,000	250,465,000	284,277,000	268,443,000	197,030,000	197,259,000	172,928,000	169,914,000	169,381,000	183,178,000	203,753,000	201,328,000	194,678,000	199,836,000	208,772,000	206,402,000	159,876,000	178,259,000	181,620,000	189,665,000	151,769,000	156,333,000	170,423,000	180,796,000	147,725,000	153,587,000	170,370,000	164,217,000	145,874,000	162,635,000	163,524,000	161,927,000	128,342,000	157,493,000	130,038,000	130,493,000	93,610,000	106,000,000	102,975,000	104,230,000	66,748,000	71,582,000	82,933,000	80,211,000	47,995,000	57,450,000	62,062,000	50,384,000	42,397,000	44,856,000	43,739,000	37,424,000	20,957,000	27,872,000	32,395,000	34,877,000
supplemental schedule of non-cash investing and financing activities:
investment in receivable portfolios transferred to real estate owned						1,349,000	1,519,000	1,053,000	2,045,000
repayment of exchangeable senior notes
proceeds from convertible hedge instruments											2,371,000	0	10,050,000																						0	0	5,580,000
supplemental disclosure of cash information:
cash paid for taxes, net of refunds							18,890,000	40,823,000	1,542,000		13,783,000	35,914,000	908,000		19,039,000	43,722,000	949,000		18,542,000	23,460,000	813,000		70,862,000	15,526,000	766,000
purchases of asset held for sale								0	-212,000		0	-2,049,000	-22,596,000		-3,426,000
impairment of intangible assets
property and equipment acquired through finance leases
repayment of convertible and exchangeable senior notes											-20,023,000	0	-192,457,000
expense related to financing																		0				31,326,000
purchases of assets held for sale
net decrease in cash and cash equivalents														-511,000
loss on extinguishment of debt
repurchase of common stock																-25,143,000	-25,692,000	-302,487,000	-40,698,000	-27,031,000	-20,390,000																					0	0			0	0					0	-729,000
prepaid income tax and income taxes payable																	51,200,000	-32,832,000	9,216,000	2,747,000	28,627,000	-16,467,000	-52,974,000	26,778,000	14,970,000	-4,438,000	15,329,000	-6,322,000	-30,247,000	2,865,000	-1,131,000	24,795,000	-2,245,000	-42,264,000	-4,824,000	5,129,000	15,260,000	27,902,000	-7,745,000	-13,564,000	18,824,000	10,889,000	-22,128,000	-29,814,000	6,166,000	19,778,000	11,440,000	-12,161,000	3,123,000	25,317,000	-6,226,000	-23,873,000	4,314,000	15,467,000	-1,952,000	-8,585,000	2,130,000	3,072,000	3,399,000	-8,413,000	8,437,000	1,033,000	212,000	-5,930,000	2,903,000
provision for allowances on receivable portfolios																																																									373,000	2,714,000	1,605,000	1,006,000	5,498,000	5,432,000	6,057,000	2,839,000	7,881,000
deferred court costs																																																			1,052,000	1,533,000	-41,000	2,154,000	2,609,000	-331,000	-1,333,000	-2,380,000	-58,000	-1,782,000	-2,128,000	-5,628,000	-576,000	-351,000	354,000	1,754,000	2,050,000	885,000	-2,310,000	-1,129,000
proceeds from sale of portfolios
net cash from by financing activities
changes in expected current and future recoveries																				-66,178,000	-44,537,000	-9,449,000	-30,451,000	-66,007,000	98,661,000
provision for (reversal of) allowances on receivable portfolios																																						-2,600,000
proceeds from issuance of convertible and exchangeable senior notes
payment for the purchase of pecs and noncontrolling interest																														0
stock consideration for the cabot transaction
allowance reversals on receivable portfolios																											-8,515,000	-2,063,000	-1,367,000		-4,029,000	-17,632,000	-9,811,000
deferred court costs and other assets																							2,350,000	8,540,000	3,377,000	-20,036,000	21,676,000	5,014,000	18,725,000	-16,089,000	-6,171,000	-7,555,000	-5,811,000	15,993,000	-14,143,000	-3,538,000	-2,413,000	-27,936,000	8,238,000	-1,899,000	1,233,000	-481,000	-19,535,000	-6,790,000	-15,029,000	966,000	7,303,000	-8,588,000	-15,213,000
loss from discontinued operations, net of income taxes																																		0	0	-123,000	322,000	1,001,000			1,352,000
interest expense related to financing																										27,000	0
loss on derivative instruments																										3,279,000	1,903,000			141,000	1,992,000						238,000
cash paid for acquisitions, net of cash acquired																																		-90,767,000	0			0	0	0	-675,000	-40,361,000	1,659,000			-319,000	-191,987,000
proceeds from other debt																										2,098,000	7,457,000			18,604,000				24,879,000				1,092,000	134,000
cash and cash equivalents of continuing operations, end of period																																						-7,907,000	18,663,000	-5,604,000	144,613,000
conversion of convertible senior notes
payment for derivative instruments
payment of direct and incremental costs relating to cabot transaction																														0
supplemental cash information:
taxes paid related to net share settlement of equity awards																												522,000	-1,950,000			-80,000	-2,571,000		-81,000	-392,000	-2,065,000	-716,000	-45,000	-714,000	-3,354,000	-239,000	-790,000	-706,000	-4,554,000	-968,000	-981,000	-13,131,000	-5,244,000	-321,000	-850,000	-5,548,000	-2,872,000	-682,000	-110,000	-84,000	-2,093,000	-415,000	-88,000
other non-cash expense																														-9,709,000	15,656,000	1,858,000	12,939,000	10,578,000	3,789,000	9,643,000	11,666,000
(reversal of) provision for allowances on receivable portfolios																																		-10,711,000
net cash from operating activities from continuing operations																																		42,127,000	10,401,000	44,130,000	27,160,000	45,064,000	36,188,000	17,227,000	29,757,000
net cash from operating activities from discontinued operations																																						0	0	0	2,096,000
proceeds from divestiture of business, net of cash divested																																						0	0	0	106,041,000
(payment of) proceeds from derivative instruments
net cash from investing activities from continuing operations																																		-244,351,000	-92,705,000	-66,084,000	-48,991,000	-77,176,000	-38,626,000	-71,783,000	4,111,000
net cash from investing activities from discontinued operations
payment of loan costs																														-5,136,000	-5,053,000	-1,297,000	-90,000	-9,062,000	-16,495,000	-673,000	-2,742,000	-28,588,000	-816,000	-1,539,000	-1,395,000	-10,679,000	-742,000	-2,295,000	-4,279,000	-4,830,000	-598,000	-451,000	-14,222,000	-55,000	-5,306,000	-9,506,000	-2,340,000	-10,527,000	-213,000			-5,000	-21,000	-80,000	-734,000	0	-1,588,000	0	-4,660,000
payment related to debt financing
cash and cash equivalents of discontinued operations, end of period
cash paid for income taxes																																										11,795,000	13,796,000	43,859,000	14,651,000	15,496,000	16,647,000	31,702,000	6,103,000	12,260,000	13,986,000	32,993,000	7,520,000	9,457,000	13,732,000	19,033,000	4,075,000	7,265,000	7,046,000	17,648,000	166,000	7,230,000	6,351,000	12,712,000	3,832,000					4,143,000
fixed assets acquired through capital lease																																										930,000	0	0	1,290,000	1,489,000	3,086,000	2,597,000	1,169,000	3,822,000	0	515,000	674,000	2,470,000	38,000	1,215,000	1,564,000	515,000	708,000	1,355,000	371,000	1,919,000	1,009,000	527,000	862,000	292,000				1,401,000
(payment) proceeds from derivative instruments
payments to acquire interest in affiliates																																				0	-8,805,000
repayment of securitized notes																																						0	0	0	-935,000	-11,927,000	-9,630,000	-16,069,000	-6,625,000	-9,154,000	-11,806,000
payment for the purchase of noncontrolling interest
gain on derivative instruments																																			-91,000			3,069,000	-3,354,000	-2,132,000	-5,399,000
proceeds from derivative instruments																																						-1,238,000
reversal of allowances on receivable portfolios																																				-8,829,000	-2,132,000			-2,479,000	-2,191,000	-2,805,000	3,261,000	-4,360,000	-2,859,000	-4,952,000	-5,803,000	-3,422,000	-3,230,000
(payments for) proceeds from derivative instruments																																					-1,942,000
excess tax benefit from stock-based payment arrangements																																										-19,000	-226,000	-842,000	-637,000	-506,000	-666,000	-8,127,000	-2,629,000	-371,000	-1,390,000	-2,865,000	-983,000	-523,000	-1,911,000	-622,000	-1,067,000	-197,000	-177,000	-3,384,000	-1,343,000	-582,000	-854,000	-1,355,000	-458,000
net cash from used in investing activities from discontinued operations																																						0	0	0	14,685,000
proceeds from issuance of securitized notes																																														0	0
purchases of convertible hedge instruments																																														0	0	0	-33,576,000
non-cash interest expense																																							9,315,000	9,709,000	9,533,000	10,290,000	9,019,000	10,295,000	8,141,000
loss on sale of discontinued operations, net of tax																																							0	0	1,830,000
loss (income) from discontinued operations, net of income taxes
recognized loss on termination of derivative contract																																																		0	0
originations and purchases of receivables secured by tax liens																																										-51,983,000	-27,919,000	-86,304,000	-53,516,000	-15,794,000	-23,725,000	-65,891,000	-19,123,000	-16,682,000	-12,317,000
collections applied to receivables secured by tax liens																																										40,645,000	46,531,000	35,278,000	41,598,000	28,652,000	40,770,000	31,131,000	22,085,000	19,462,000	24,014,000
repayment of preferred equity certificates																																														9,000	5,595,000	-1,760,000	-4,537,000	0
impairment charge for goodwill and identifiable intangible assets																																																						0	0	51,000	10,349,000
loss on sale of discontinued operations																																																						0	0
proceeds from sale of warrants
effect of exchange rate changes on cash																																															5,956,000	-9,206,000	4,904,000	2,674,000
proceeds from issuance of preferred equity certificates																																																1,732,000	18,864,000
cash paid for acquisition, net of cash acquired																																																	-257,726,000					0	-741,000
proceeds from exercise of stock options																																																	1,214,000			1,513,000	846,000	-3,334,000	2,598,000	1,522,000	1,061,000	-24,000	39,000	951,000	297,000	345,000	85,000	1,293,000	395,000	1,052,000	94,000			-61,000	76,000	6,000	2,000
amortization of loan costs and premium on receivables secured by tax liens																																																		1,304,000	1,861,000
(reversal) provision for allowances on receivable portfolios																																																					-1,006,000	-2,715,000	-717,000
repayment of capital lease obligations																																																				-1,690,000	-1,279,000	-1,295,000	-1,742,000	-1,522,000	-1,685,000	-1,134,000	-1,082,000	-889,000	-877,000	-728,000	-504,000	-432,000	-186,000	-308,000	-110,000	-1,000	-121,000	-99,000	-63,000	-62,000	-83,000		-62,000	-61,000	-61,000		-60,000	-60,000	-59,000
adjustments to reconcile net income to net cash from operating activities
reversal for allowances on receivable portfolios																																																			-2,978,000
changes in operating assets and liabilities, net of effects of acquisitions
payment on termination of derivative contract																																																			0
payment of convertible hedge transactions																																																			-2,363,000
changes in operating assets and liabilities, net of effects of acquisition
purchases of receivable portfolios																																																				-41,879,000	-58,771,000	-153,578,000	-47,311,000	-230,983,000	-130,463,000		-65,731,000	-93,701,000	-90,675,000			-83,336,000	-81,632,000												-41,847,000	-60,416,000	-29,395,000	-19,154,000	-24,688,000	-38,006,000
proceeds from put-backs of receivable portfolios																																																				1,576,000	878,000	1,184,000	267,000	891,000	734,000	509,000	645,000	798,000	900,000	1,074,000	1,043,000	1,280,000	584,000	1,347,000	598,000	506,000	924,000	1,030,000	563,000	355,000	1,692,000			621,000	953,000	555,000	707,000	836,000	1,148,000	902,000
purchases of intangible assets
amortization of loan costs and premium on property tax payment agreements receivable																																																					1,517,000	1,177,000	881,000
income tax provision in excess of income tax payments																																																					207,000
originations of property tax payment agreements receivable																																																					-27,446,000	-11,124,000	-8,840,000
collections applied to property tax payment agreements receivable																																																					11,812,000	10,739,000	17,500,000
proceeds from revolving credit facilities																																																					33,741,000		7,000,000
repayment of revolving credit facilities																																																					-91,800,000		-92,548,000
income tax provision (less than) in excess of income tax payments
proceeds from revolving credit facility and term loan facility
repayment of revolving credit facility and term loan facility
proceeds from issuance of convertible notes
repayment of convertible notes																																																														0
proceeds from net settlement of certain call options																																																														0	0	0	524,000
income tax provision in excess of (less than) income tax payments																																																							1,734,000
amortization of loan costs																																																									466,000													388,000
deferred income tax expense																																																									623,000				-58,000	854,000	-186,000	-139,000	117,000	1,435,000	77,000	215,000	145,000	769,000
proceeds from revolving credit facility																																																									43,500,000	60,000,000				13,856,000	58,644,000				23,000,000	30,500,000	32,000,000
repayment of revolving credit facility																																																									-34,500,000	-16,000,000				33,644,000	-61,144,000				-20,000,000	-4,500,000	-17,000,000
amortization of loan costs and debt discount																																																										466,000	466,000	461,000	440,000	412,000	1,076,000	1,132,000	1,062,000	980,000	940,000	939,000	1,221,000
gain on repurchase of convertible notes																																																																		0			-3,053,000
purchases of receivable portfolios, net of forward flow allocation																																																														-119,100,000				-40,952,000	-67,432,000	-82,033,000	-55,913,000	-63,777,000	-66,107,000	-49,857,000	-44,976,000	-72,025,000	-45,189,000
net increase in cash																																																																		1,448,000	1,005,000	1,674,000	-6,080,000	1,162,000	356,000	-3,977,000	4,124,000	422,000	-17,000			-5,512,000	6,225,000	3,339,000	-287,000	-3,433,000
allocation of forward flow asset to acquired receivable portfolios																																																																		0				0
deferred income tax benefit																																																											-1,310,000
proceeds from notes payable and other borrowings																																																												36,000,000	19,000,000				35,000,000					51,000,000	42,000,000	6,000,000	9,000,000	68,000,000	26,000,000	20,000,000	7,000,000	30,000,000	19,000,000	1,500,000	3,000,000	24,001,000
repayment of notes payable and other borrowings																																																												-41,000,000	-46,000,000				-22,000,000					-10,000,000	-15,000,000	-6,000,000	-11,169,000	-28,500,000	-16,000,000			-15,609,000	-10,507,000	-10,579,000	-14,555,000	-21,131,000
deferred revenue																																																														-371,000	-580,000	-656,000	-17,000
repurchase of convertible notes																																																																		0	0	-2,428,000	-19,834,000	-16,601,000	0
proceeds from capital lease
net decrease in cash																																																																	-813,000												-3,918,000
provision for impairment on receivable portfolios																																																																		4,987,000	4,332,000	4,564,000	5,427,000	25,407,000
restricted cash
accrued profit sharing arrangement
deferred revenue and purchased service obligation																																																																		-194,000	275,000	171,000	26,000	306,000
cash paid for india membership interest
tax provision from stock-based payment arrangements																																																																			-1,000				-8,000
prepaid income tax and income tax payable																																																																			2,572,000
income tax payment																																																																			3,233,000	1,127,000	499,000
gain on repurchase of converitible notes
tax benefit from stock-based payment arrangements																																																																					-21,000		8,000
prepaid income tax																																																																					5,441,000	-7,470,000
accounts payable and accrued liabilities																																																																					-523,000	727,000
other non-cash tax benefits																																																																						1,163,000
operating activities
gross collections																																																																								102,130,000	104,355,000	85,411,000	85,630,000	93,611,000	90,541,000	94,514,000	75,781,000	79,186,000	87,616,000	72,004,000
amounts collected on behalf of third parties																																																																								-70,000	-75,000	-101,000	-102,000	-137,000	-129,000	-177,000	-195,000	-183,000	-168,000	-170,000
amounts applied to principal on receivable portfolios																																																																								-35,785,000	-40,212,000	-20,826,000	-22,293,000	-30,498,000	-28,476,000	-28,710,000	-17,526,000	-19,832,000	-29,579,000	-15,649,000
provision for impairment																																																																								3,390,000	5,335,000
servicing fees																																																																								17,000	44,000	23,000	25,000	33,000	31,000	40,000	-48,000	48,000	51,000	382,000
operating expenses																																																																								-49,704,000	-49,868,000	-47,658,000	-45,327,000	-49,848,000	-50,896,000	-39,874,000	-40,219,000	-39,621,000	-41,580,000	-34,187,000
interest payments																																																																								-2,620,000	-4,172,000	-2,790,000	-4,183,000	-2,619,000	-3,391,000	-2,204,000	-3,539,000	-3,908,000	-2,187,000	-1,993,000
contingent interest payments																																																																										0	0	-18,405,000	-4,319,000	-10,203,000	-5,374,000	-5,146,000	-7,455,000	-5,614,000
other income																																																																								352,000	21,000	918,000	79,000	-42,000	116,000	230,000	45,000	284,000	50,000	319,000
decrease in restricted cash																																																																								64,000	63,000	-639,000	805,000	197,000	521,000		663,000			-1,727,000
income tax refund																																																																								-171,000	407,000
investing activities
financing activities
excess tax benefits from stock-based payment arrangements																																																																									-5,000	-15,000	-560,000	-71,000	-52,000	-14,000	-5,000	-19,000	-730,000
less:
income taxes																																																																										-1,332,000	-2,036,000	-3,463,000	-1,899,000	-32,000	21,000	-614,000	-249,000	-6,321,000
cash paid for jefferson capital
cash paid for ascension capital group
escrow deposit on employee retention contract																																																																																		0
collections applied to principal of receivable portfolios																																																																										20,826,000	22,293,000	30,498,000	28,476,000	28,710,000	17,526,000	19,832,000	29,579,000	15,649,000
proceeds from the sale of marketable securities
proceeds from put-backs and recalls of receivable portfolios																																																																										1,672,000
proceeds from convertible note borrowings																																																																																		10,000,000
proceeds from sale of warrants associated with convertible notes																																																																																		1,041,000
purchase of call options associated with convertible notes																																																																																		-2,776,000
capitalization of loan fees
proceeds from exercise of common stock options and warrants																																																																														3,000	2,000	0	144,000
net (repayment) borrowing of capital lease obligations
cash and cash equivalents, beginning of year																																																																																	7,026,000
cash and cash equivalents, end of year																																																																																	6,739,000
net cash from by investing activities
proceeds from exercise of common stock options																																																																											81,000	249,000	14,000
increase in restricted cash																																																																																	-1,090,000
purchases of marketable securities
net borrowing (repayment) of capital lease obligations
cash paid for jefferson capital acquisition
cash paid for ascension capital acquisition
capitalized loan costs
proceeds from litigation settlement
legal and other costs related to litigation settlement
proceeds from sale of common stock
payments of preferred dividends
proceeds from sale of marketable securities
cash, beginning of period
cash, end of period
amounts applied to principal on receivable
portfolios
salaries and employee benefits
other operating expenses
collection legal costs
general and administrative
restructuring charges
other income and expense
proceeds from sales of receivable portfolios
cash acquired in acquisition of assets from west capital
proceeds from the sale of property and equipment
capitalized loan costs relating to financing arrangement
issuance of common stock through initial public offering
capitalized costs relating to initial public offering of
common stock
purchase of treasury stock
cash, beginning of year
cash, end of year

Encore Capital Group, Inc(NASDAQ:ECPG)

Encore Capital Group, Inc
(NASDAQ:ECPG)