Encore Capital Group (ECPG) FY2022 results: revenue $1.4 billion, down 13.4% on the year
Encore Capital Group Inc. (ECPG) reported revenue of $1.4 billion for fiscal 2022, the year ended 31 December 2022, down 13.4% on the year before. Net income was $195 million, down 44.5%, and diluted earnings per share $7.46. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$1.4 billion
-13.4% on the year
FY2015FY2022
Operating margin
33.1%
39.2% a year earlier
FY2015FY2022
Net income
$195 million
-44.5% on the year
FY2015FY2022
Diluted EPS
$7.46
-33.7% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
211
303
313
-30.5%
Capital expenditure
37.2
33.4
34.6
+11.5%
Free cash flow
173
270
278
-35.7%
Free cash flow margin
12.4%
16.7%
18.5%
Cash from investing
-130
340
82.8
Cash from financing
-107
-656
-403
Depreciation and amortisation
46.4
50.1
42.8
-7.3%
Share-based compensation
15.4
18.3
16.6
-16.0%
Buybacks
87.0
391
0.0
-77.7%
Diluted shares, weighted
26m
31m
32m
-16.2%
Shares outstanding at period end
23m
25m
31m
-5.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,180
1,185
1,218
-0.5%
Non-controlling interest
n/a
0.0
2.5
Debt
2,941
3,056
3,373
-3.7%
Other liabilities
388
367
271
+5.5%
Total liabilities and equity
4,508
4,608
4,865
-2.2%
Fixed assets
114
120
127
-5.0%
Goodwill
821
898
907
-8.5%
Intangible assets
22.1
36.3
45.0
-39.1%
Cash and equivalents
144
190
189
-24.1%
Other assets
3,407
3,365
3,596
+1.3%
Total assets
4,508
4,608
4,865
-2.2%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.