Encore Capital Group (ECPG) FY2023 results: revenue $1.2 billion, down 12.6% on the year
Encore Capital Group Inc. (ECPG) reported revenue of $1.2 billion for fiscal 2023, the year ended 31 December 2023, down 12.6% on the year before. Net income was -$206 million, and diluted earnings per share $-8.72. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$1.2 billion
-12.6% on the year
FY2016FY2023
Operating margin
1.4%
33.1% a year earlier
FY2016FY2023
Net income
-$206 million
FY2016FY2023
Diluted EPS
-$8.72
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
153
211
303
-27.4%
Capital expenditure
24.8
37.2
33.4
-33.4%
Free cash flow
128
173
270
-26.1%
Free cash flow margin
10.5%
12.4%
16.7%
Cash from investing
-402
-130
340
Cash from financing
268
-107
-656
Depreciation and amortisation
41.7
46.4
50.1
-10.1%
Share-based compensation
13.9
15.4
18.3
-10.1%
Buybacks
0.0
87.0
391
Diluted shares, weighted
24m
26m
31m
-9.3%
Shares outstanding at period end
24m
23m
25m
+1.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
937
1,180
1,185
-20.6%
Non-controlling interest
n/a
n/a
0.0
Debt
3,359
2,941
3,056
+14.2%
Other liabilities
335
388
367
-13.4%
Total liabilities and equity
4,630
4,508
4,608
+2.7%
Fixed assets
104
114
120
-8.7%
Goodwill
606
821
898
-26.1%
Intangible assets
0.0
22.1
36.3
-99.8%
Cash and equivalents
158
144
190
+10.0%
Other assets
3,762
3,407
3,365
+10.4%
Total assets
4,630
4,508
4,608
+2.7%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.