Encore Capital Group (ECPG) FY2017 results: revenue $1.1 billion, up 2.9% on the year
Encore Capital Group Inc. (ECPG) reported revenue of $1.1 billion for fiscal 2017, the year ended 31 December 2017, up 2.9% on the year before. Net income was $83 million, up 8.7%, and diluted earnings per share $3.15. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2018.
Revenue
$1.1 billion
+2.9% on the year
FY2010FY2017
Operating margin
28.3%
21.7% a year earlier
FY2010FY2017
Net income
$83 million
+8.7% on the year
FY2010FY2017
Diluted EPS
$3.15
+6.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,146
1,113
1,123
+2.9%
Operating income
325
242
282
+34.4%
Operating margin
28.3%
21.7%
25.1%
Interest expense
204
198
187
+2.9%
Pre-tax income
131
57.4
97.9
+128.7%
Income tax
52.0
38.2
27.2
+36.2%
Effective tax rate
39.7%
66.6%
27.7%
Net income
83.2
76.6
45.1
+8.7%
Net margin
7.3%
6.9%
4.0%
Diluted EPS
$3.15
$2.96
$1.69
+6.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
124
130
116
-5.0%
Capital expenditure
28.1
31.7
28.6
-11.2%
Free cash flow
95.7
98.7
87.5
-3.0%
Free cash flow margin
8.4%
8.9%
7.8%
Cash from investing
-452
-169
-473
Cash from financing
378
43.3
400
+774.4%
Depreciation and amortisation
40.0
34.9
33.2
+14.7%
Share-based compensation
10.4
12.6
22.0
-17.6%
Buybacks
0.0
0.0
33.2
Diluted shares, weighted
26m
26m
27m
+1.9%
Shares outstanding at period end
26m
26m
25m
+0.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
582
559
596
+4.0%
Non-controlling interest
-9.9
-7.5
7.3
Redeemable equity
0.0
3.0
6.1
Debt
3,528
2,864
3,208
+23.2%
Other liabilities
391
252
357
+55.4%
Total liabilities and equity
4,491
3,670
4,175
+22.3%
Fixed assets
76.3
72.3
72.5
+5.6%
Goodwill
929
785
925
+18.3%
Intangible assets
75.7
28.2
15.7
+168.2%
Cash and equivalents
212
150
124
+41.6%
Other assets
3,198
2,635
3,038
+21.3%
Total assets
4,491
3,670
4,175
+22.3%
10-K for the year ended 31 December 2017, filed 21 February 2018: the filing.