Encore Capital Group (ECPG) FY2015 results: revenue $1.1 billion, up 7.6% on the year
Encore Capital Group Inc. (ECPG) reported revenue of $1.1 billion for fiscal 2015, the year ended 31 December 2015, up 7.6% on the year before. Net income was $45 million, down 56.5%, and diluted earnings per share $1.69. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$1.1 billion
+7.6% on the year
FY2009FY2015
Operating margin
25.1%
29.6% a year earlier
FY2009FY2015
Net income
$45 million
-56.5% on the year
FY2009FY2015
Diluted EPS
$1.69
-55.2% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,123
1,043
773
+7.6%
Operating income
282
308
198
-8.5%
Operating margin
25.1%
29.6%
25.6%
Interest expense
187
167
73.3
+11.7%
Pre-tax income
97.9
142
121
-30.9%
Income tax
27.2
48.6
45.4
-44.1%
Effective tax rate
27.7%
34.3%
37.6%
Net income
45.1
104
75.3
-56.5%
Net margin
4.0%
9.9%
9.7%
Diluted EPS
$1.69
$3.77
$2.87
-55.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
116
112
74.8
+4.1%
Capital expenditure
28.6
23.1
13.4
+24.1%
Free cash flow
87.5
88.5
61.4
-1.1%
Free cash flow margin
7.8%
8.5%
7.9%
Cash from investing
-473
-755
-217
Cash from financing
400
626
246
-36.1%
Depreciation and amortisation
33.2
27.1
13.5
+22.4%
Share-based compensation
22.0
17.2
12.6
+28.1%
Buybacks
33.2
16.8
0.7
+97.4%
Diluted shares, weighted
27m
27m
26m
-3.1%
Shares outstanding at period end
25m
26m
25m
-2.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
596
623
572
-4.3%
Non-controlling interest
7.3
4.0
4.0
+83.0%
Redeemable equity
6.1
9.1
0.0
-32.5%
Debt
3,208
2,757
1,849
+16.3%
Other liabilities
357
357
260
+0.1%
Total liabilities and equity
4,175
3,750
2,685
+11.3%
Fixed assets
72.5
67.0
55.8
+8.3%
Goodwill
925
898
504
+3.0%
Intangible assets
15.7
21.6
23.5
-27.1%
Cash and equivalents
124
91.5
126
+35.5%
Other assets
3,038
2,672
1,976
+13.7%
Total assets
4,175
3,750
2,685
+11.3%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.