Encore Capital Group (ECPG) FY2016 results: revenue $1.1 billion, down 0.9% on the year
Encore Capital Group Inc. (ECPG) reported revenue of $1.1 billion for fiscal 2016, the year ended 31 December 2016, down 0.9% on the year before. Net income was $77 million, up 69.6%, and diluted earnings per share $2.96. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$1.1 billion
-0.9% on the year
FY2009FY2016
Operating margin
21.7%
25.1% a year earlier
FY2009FY2016
Net income
$77 million
+69.6% on the year
FY2009FY2016
Diluted EPS
$2.96
+75.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,113
1,123
1,043
-0.9%
Operating income
242
282
308
-14.4%
Operating margin
21.7%
25.1%
29.6%
Interest expense
198
187
167
+6.3%
Pre-tax income
57.4
97.9
142
-41.4%
Income tax
38.2
27.2
48.6
+40.7%
Effective tax rate
66.6%
27.7%
34.3%
Net income
76.6
45.1
104
+69.6%
Net margin
6.9%
4.0%
9.9%
Diluted EPS
$2.96
$1.69
$3.77
+75.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
130
116
112
+12.2%
Capital expenditure
31.7
28.6
23.1
+10.5%
Free cash flow
98.7
87.5
88.5
+12.8%
Free cash flow margin
8.9%
7.8%
8.5%
Cash from investing
-169
-473
-755
Cash from financing
43.3
400
626
-89.2%
Depreciation and amortisation
34.9
33.2
27.1
+5.2%
Share-based compensation
12.6
22.0
17.2
-42.6%
Buybacks
0.0
33.2
16.8
Diluted shares, weighted
26m
27m
27m
-2.8%
Shares outstanding at period end
26m
25m
26m
+1.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
559
596
623
-6.2%
Non-controlling interest
-7.5
7.3
4.0
Redeemable equity
3.0
6.1
9.1
-51.1%
Debt
2,864
3,208
2,757
-10.7%
Other liabilities
252
357
357
-29.5%
Total liabilities and equity
3,670
4,175
3,750
-12.1%
Fixed assets
72.3
72.5
67.0
-0.4%
Goodwill
785
925
898
-15.1%
Intangible assets
28.2
15.7
21.6
+79.8%
Cash and equivalents
150
124
91.5
+20.8%
Other assets
2,635
3,038
2,672
-13.3%
Total assets
3,670
4,175
3,750
-12.1%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.