Encore Capital Group (ECPG) FY2018 results: revenue $1.3 billion, up 15.3% on the year
Encore Capital Group Inc. (ECPG) reported revenue of $1.3 billion for fiscal 2018, the year ended 31 December 2018, up 15.3% on the year before. Net income was $116 million, up 39.2%, and diluted earnings per share $4.06. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$1.3 billion
+15.3% on the year
FY2011FY2018
Operating margin
30.7%
28.3% a year earlier
FY2011FY2018
Net income
$116 million
+39.2% on the year
FY2011FY2018
Diluted EPS
$4.06
+28.9% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,321
1,146
1,113
+15.3%
Operating income
405
325
242
+24.9%
Operating margin
30.7%
28.3%
21.7%
Interest expense
237
204
198
+16.3%
Pre-tax income
156
131
57.4
+19.3%
Income tax
46.8
52.0
38.2
-10.2%
Effective tax rate
29.9%
39.7%
66.6%
Net income
116
83.2
76.6
+39.2%
Net margin
8.8%
7.3%
6.9%
Diluted EPS
$4.06
$3.15
$2.96
+28.9%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
187
124
130
+50.9%
Capital expenditure
67.5
28.1
31.7
+139.9%
Free cash flow
119
95.7
98.7
+24.7%
Free cash flow margin
9.0%
8.4%
8.9%
Cash from investing
-398
-452
-169
Cash from financing
166
378
43.3
-56.0%
Depreciation and amortisation
41.2
40.0
34.9
+3.1%
Share-based compensation
13.0
10.4
12.6
+24.8%
Buybacks
n/a
0.0
0.0
Diluted shares, weighted
29m
26m
26m
+8.2%
Shares outstanding at period end
31m
26m
26m
+19.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
818
582
559
+40.6%
Non-controlling interest
1.7
-9.9
-7.5
Redeemable equity
0.0
0.0
3.0
Debt
3,576
3,528
2,864
+1.4%
Other liabilities
236
391
252
-39.6%
Total liabilities and equity
4,632
4,491
3,670
+3.1%
Fixed assets
116
76.3
72.3
+51.4%
Goodwill
868
929
785
-6.6%
Intangible assets
60.6
75.7
28.2
-20.0%
Cash and equivalents
157
212
150
-25.8%
Other assets
3,430
3,198
2,635
+7.3%
Total assets
4,632
4,491
3,670
+3.1%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.