Encore Capital Group (ECPG) FY2020 results: revenue $1.5 billion, up 6.8% on the year
Encore Capital Group Inc. (ECPG) reported revenue of $1.5 billion for fiscal 2020, the year ended 31 December 2020, up 6.8% on the year before. Net income was $212 million, up 26.2%, and diluted earnings per share $6.68. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2021.
Revenue
$1.5 billion
+6.8% on the year
FY2013FY2020
Operating margin
35.5%
31.8% a year earlier
FY2013FY2020
Net income
$212 million
+26.2% on the year
FY2013FY2020
Diluted EPS
$6.68
+25.3% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,501
1,406
1,321
+6.8%
Operating income
534
446
405
+19.5%
Operating margin
35.5%
31.8%
30.7%
Interest expense
209
218
237
-3.9%
Pre-tax income
283
201
156
+40.6%
Income tax
70.4
32.3
46.8
+117.7%
Effective tax rate
24.9%
16.1%
29.9%
Net income
212
168
116
+26.2%
Net margin
14.1%
11.9%
8.8%
Diluted EPS
$6.68
$5.33
$4.06
+25.3%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
313
245
187
+27.8%
Capital expenditure
34.6
39.6
67.5
-12.6%
Free cash flow
278
205
119
+35.7%
Free cash flow margin
18.5%
14.6%
9.0%
Cash from investing
82.8
-202
-398
Cash from financing
-403
-19.8
166
Depreciation and amortisation
42.8
41.0
41.2
+4.3%
Share-based compensation
16.6
12.6
13.0
+31.9%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
32m
31m
29m
+0.7%
Shares outstanding at period end
31m
31m
31m
+0.8%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,218
1,022
818
+19.1%
Non-controlling interest
2.5
3.2
1.7
-23.2%
Redeemable equity
n/a
0.0
0.0
Debt
3,373
3,586
3,576
-5.9%
Other liabilities
271
298
236
-9.1%
Total liabilities and equity
4,865
4,910
4,632
-0.9%
Fixed assets
127
120
116
+6.0%
Goodwill
907
884
868
+2.6%
Intangible assets
45.0
51.4
60.6
-12.4%
Cash and equivalents
189
192
157
-1.6%
Other assets
3,596
3,662
3,430
-1.8%
Total assets
4,865
4,910
4,632
-0.9%
10-K for the year ended 31 December 2020, filed 24 February 2021: the filing.