Encore Capital Group (ECPG) FY2019 results: revenue $1.4 billion, up 6.5% on the year
Encore Capital Group Inc. (ECPG) reported revenue of $1.4 billion for fiscal 2019, the year ended 31 December 2019, up 6.5% on the year before. Net income was $168 million, up 44.9%, and diluted earnings per share $5.33. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2020.
Revenue
$1.4 billion
+6.5% on the year
FY2012FY2019
Operating margin
31.8%
30.7% a year earlier
FY2012FY2019
Net income
$168 million
+44.9% on the year
FY2012FY2019
Diluted EPS
$5.33
+31.3% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,406
1,321
1,146
+6.5%
Operating income
446
405
325
+10.1%
Operating margin
31.8%
30.7%
28.3%
Interest expense
218
237
204
-8.3%
Pre-tax income
201
156
131
+28.6%
Income tax
32.3
46.8
52.0
-30.8%
Effective tax rate
16.1%
29.9%
39.7%
Net income
168
116
83.2
+44.9%
Net margin
11.9%
8.8%
7.3%
Diluted EPS
$5.33
$4.06
$3.15
+31.3%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
245
187
124
+31.0%
Capital expenditure
39.6
67.5
28.1
-41.3%
Free cash flow
205
119
95.7
+71.9%
Free cash flow margin
14.6%
9.0%
8.4%
Cash from investing
-202
-398
-452
Cash from financing
-19.8
166
378
Depreciation and amortisation
41.0
41.2
40.0
-0.5%
Share-based compensation
12.6
13.0
10.4
-3.3%
Buybacks
0.0
n/a
0.0
Diluted shares, weighted
31m
29m
26m
+10.2%
Shares outstanding at period end
31m
31m
26m
+0.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,022
818
582
+25.0%
Non-controlling interest
3.2
1.7
-9.9
+91.4%
Redeemable equity
0.0
0.0
0.0
Debt
3,586
3,576
3,528
+0.3%
Other liabilities
298
236
391
+26.1%
Total liabilities and equity
4,910
4,632
4,491
+6.0%
Fixed assets
120
116
76.3
+3.9%
Goodwill
884
868
929
+1.8%
Intangible assets
51.4
60.6
75.7
-15.2%
Cash and equivalents
192
157
212
+22.2%
Other assets
3,662
3,430
3,198
+6.8%
Total assets
4,910
4,632
4,491
+6.0%
10-K for the year ended 31 December 2019, filed 26 February 2020: the filing.