XML 22 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Portfolio income $ 248,284 $ 0 $ 510,306 $ 0
Changes in expected recoveries 19,801 0 6,985 0
Income recognized on finance receivables 0 249,219 0 488,055
Fee income 2,639 2,707 4,848 9,081
Other revenue 1,186 131 1,555 798
Total revenues 271,910 252,057 523,694 497,934
Net allowance charges 0 (1,196) 0 (7,291)
Operating expenses:        
Compensation and employee services 70,472 79,808 145,643 159,453
Legal collection fees 13,742 14,297 28,314 27,356
Legal collection costs 19,507 33,121 53,954 68,350
Agency fees 10,343 13,013 23,719 27,045
Outside fees and services 18,683 16,293 38,077 31,541
Communication 8,812 10,824 22,323 24,025
Rent and occupancy 4,471 4,491 8,955 8,854
Depreciation and amortization 4,109 4,723 8,193 9,295
Other operating expenses 10,491 10,926 22,696 22,511
Total operating expenses 160,630 187,496 351,874 378,430
Income from operations 111,280 63,365 171,820 112,213
Other income and (expense):        
Interest expense, net (35,416) (36,027) (72,627) (70,008)
Foreign exchange gain/(loss) 683 (311) 2,966 5,953
Other (1,582) 248 (1,658) (104)
Income before income taxes 74,965 27,275 100,501 48,054
Income tax expense 14,137 5,075 17,237 8,942
Net income 60,828 22,200 83,264 39,112
Adjustment for net income attributable to noncontrolling interests 2,914 3,581 6,215 5,266
Net income attributable to PRA Group, Inc. $ 57,914 $ 18,619 $ 77,049 $ 33,846
Net income per common share attributable to PRA Group, Inc.:        
Basic (in dollars per share) $ 1.27 $ 0.41 $ 1.69 $ 0.75
Diluted (in dollars per share) $ 1.26 $ 0.41 $ 1.68 $ 0.74
Weighted average number of shares outstanding:        
Basic (shares) 45,548 45,387 45,500 45,363
Diluted (shares) 45,987 45,495 45,886 45,457