2012 Q4 Form 10-K Financial Statement

#000119312514067404 Filed on February 25, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $143.9M $145.2M $141.2M
YoY Change 23.52% 25.4% 27.13%
Cost Of Revenue $48.50M $47.80M $45.80M
YoY Change 12.53% 10.14% 3.39%
Gross Profit $95.40M $97.40M $96.10M
YoY Change 29.97% 34.53% 43.86%
Gross Profit Margin 66.29% 67.07% 68.04%
Selling, General & Admin $43.70M $39.50M $43.80M
YoY Change 42.81% 28.25% 56.43%
% of Gross Profit 45.81% 40.55% 45.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.600M $1.500M $1.300M
YoY Change -11.11% 50.0% 62.5%
% of Gross Profit 1.68% 1.54% 1.35%
Operating Expenses $103.9M $103.6M $102.8M
YoY Change 156.47% 147.9% 176.37%
Operating Profit -$8.472M $41.60M $38.44M
YoY Change -125.75% 35.94% 29.85%
Interest Expense -$6.500M $7.012M $6.497M
YoY Change 30.0% -234.85% -220.31%
% of Operating Profit 16.86% 16.9%
Other Income/Expense, Net $0.00 -$6.402M -$6.603M
YoY Change -100.0% 2034.0%
Pretax Income $33.50M $35.20M $31.83M
YoY Change 20.94% 40.22% 31.55%
Income Tax $13.40M $13.89M $12.85M
% Of Pretax Income 40.0% 39.46% 40.35%
Net Earnings $20.17M $21.31M $16.60M
YoY Change 17.94% 38.36% 6.38%
Net Earnings / Revenue 14.01% 14.67% 11.75%
Basic Earnings Per Share $0.82 $0.85 $0.67
Diluted Earnings Per Share $0.79 $0.82 $0.64
COMMON SHARES
Basic Shares Outstanding 25.07M shares 24.92M shares
Diluted Shares Outstanding 26.05M shares 25.83M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.50M $19.30M $15.00M
YoY Change 118.75% 80.37% 2.04%
Cash & Equivalents $17.51M $19.26M $15.01M
Short-Term Investments
Other Short-Term Assets $6.400M $13.10M $12.10M
YoY Change 23.08% 74.67% 4.31%
Inventory
Prepaid Expenses
Receivables $135.1M $2.500M $1.700M
Other Receivables $0.00 $4.200M $4.200M
Total Short-Term Assets $159.0M $39.10M $33.00M
YoY Change 1104.55% 78.54% 12.63%
LONG-TERM ASSETS
Property, Plant & Equipment $23.22M $19.80M $20.20M
YoY Change 30.47% 20.73% 36.49%
Goodwill $55.45M
YoY Change
Intangibles $487.0K
YoY Change
Long-Term Investments $873.1M $811.6M $869.9M
YoY Change 21.86% 24.92% 32.24%
Other Assets $49.80M $41.90M $45.10M
YoY Change 16.36% 2.44% 9.2%
Total Long-Term Assets $1.012B $1.070B $1.135B
YoY Change 26.65% 47.48% 54.68%
TOTAL ASSETS
Total Short-Term Assets $159.0M $39.10M $33.00M
Total Long-Term Assets $1.012B $1.070B $1.135B
Total Assets $1.171B $1.109B $1.168B
YoY Change 44.16% 48.39% 53.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.90M $43.10M $41.10M
YoY Change 48.31% 54.48% 58.69%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $43.90M $43.10M $41.10M
YoY Change 48.31% 54.48% 58.69%
LONG-TERM LIABILITIES
Long-Term Debt $706.0M $615.1M $702.3M
YoY Change 81.49% 78.7% 85.7%
Other Long-Term Liabilities $7.300M $2.100M $5.000M
YoY Change 8.96% -59.62% 21.95%
Total Long-Term Liabilities $713.3M $617.2M $707.3M
YoY Change 80.26% 76.65% 85.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.90M $43.10M $41.10M
Total Long-Term Liabilities $713.3M $617.2M $707.3M
Total Liabilities $765.5M $677.9M $764.3M
YoY Change 73.63% 72.27% 79.54%
SHAREHOLDERS EQUITY
Retained Earnings $319.3M
YoY Change
Common Stock $232.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $405.8M $431.2M $403.6M
YoY Change
Total Liabilities & Shareholders Equity $1.171B $1.109B $1.168B
YoY Change 44.16% 48.39% 53.07%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income $20.17M $21.31M $16.60M
YoY Change 17.94% 38.36% 6.38%
Depreciation, Depletion And Amortization $1.600M $1.500M $1.300M
YoY Change -11.11% 50.0% 62.5%
Cash From Operating Activities $32.30M $21.60M $17.50M
YoY Change 22.35% -18.49% 165.15%
INVESTING ACTIVITIES
Capital Expenditures -$2.600M -$1.100M -$1.000M
YoY Change 23.81% -45.0% 11.11%
Acquisitions
YoY Change
Other Investing Activities -$59.20M $66.90M -$319.7M
YoY Change -14.82% 929.23% 3129.29%
Cash From Investing Activities -$61.80M $65.80M -$320.7M
YoY Change -13.69% 1362.22% 2869.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 27.60M -83.10M 302.8M
YoY Change -35.36% 137.43% -8511.11%
NET CHANGE
Cash From Operating Activities 32.30M 21.60M 17.50M
Cash From Investing Activities -61.80M 65.80M -320.7M
Cash From Financing Activities 27.60M -83.10M 302.8M
Net Change In Cash -1.900M 4.300M -400.0K
YoY Change -24.0% -207.5% -94.87%
FREE CASH FLOW
Cash From Operating Activities $32.30M $21.60M $17.50M
Capital Expenditures -$2.600M -$1.100M -$1.000M
Free Cash Flow $34.90M $22.70M $18.50M
YoY Change 22.46% -20.35% 146.67%

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Company will be paid an earn-out equal to 40% of Ascension's EBITDA, for the first five years commencing May 16, 2012.
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10500000
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300000
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39876000
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5800000
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2852000
CY2011 ecpg Cost Of Legal Collections
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157050000
CY2011 ecpg Zero Basis Revenue
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20600000
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10823000
CY2011 ecpg Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Purchases Of Receivable Portfolios
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386850000
CY2011 ecpg Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Revenue Recognized
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459537000
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448714000
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54939000
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37724000
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0.604 pure
CY2011 ecpg Collection Agency Commissions
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14162000
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761011000
CY2011 ecpg Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Portfolio Allowances Portfolio Allowance Reversals Net
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-10823000
CY2013 dei Trading Symbol
TradingSymbol
ECPG
CY2013 dei Entity Registrant Name
EntityRegistrantName
ENCORE CAPITAL GROUP INC
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
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false
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001084961
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
66775 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
2000000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
645266 shares
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2.87
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ShareBasedCompensationArrangementByShareBasedPaymentAwardTermsOfAward
10-year
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26204000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
26.39
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2013 us-gaap Debt Instrument Interest Rate Stated Percentage Rate Range Minimum
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0.00 pure
CY2013 us-gaap Earnings Per Share Basic
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3.05
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P5Y7M6D
CY2013 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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595000 shares
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.376 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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22.85
CY2013 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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79400000
CY2013 us-gaap Debt Instrument Interest Rate Stated Percentage Rate Range Maximum
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0.133 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.024 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.002 pure
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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950000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.012 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.022 pure
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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74775000
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
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3.12
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
15.56
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
35.03
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24659000 shares
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
61332000 shares
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.07
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y2M12D
CY2013 us-gaap Income Tax Holiday Description
IncomeTaxHolidayDescription
The Company's subsidiary in Costa Rica is operating under a 100% tax holiday through December 31, 2018 and a 50% tax holiday for the subsequent four years. The impact of the tax holiday in Costa Rica for the year ended December 31, 2013 was immaterial.
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
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753755000 shares
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.07
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.058 pure
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.94
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
23.03
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2013 us-gaap Use Of Estimates
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements, in conformity with U.S. generally accepted accounting principles, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates.</p> </div>
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
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4051000
CY2013 us-gaap Revenues
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773364000
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15906000
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630163000
CY2013 us-gaap Comprehensive Income Net Of Tax
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80776000
CY2013 us-gaap Payments Of Financing Costs
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17207000
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-1740000
CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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80615000
CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
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CY2013 us-gaap Payments For Proceeds From Other Investing Activities
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5210000
CY2013 us-gaap Repayments Of Senior Debt
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13750000
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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449024000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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15859000
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-1740000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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105009000
CY2013 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
1167000
CY2013 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
744852000
CY2013 us-gaap Income Taxes Paid
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66759000
CY2013 us-gaap Profit Loss
ProfitLoss
73740000
CY2013 us-gaap Increase Decrease In Other Operating Assets
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11697000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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5609000
CY2013 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
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2200000
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-817000
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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8137000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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6875000
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31024000
CY2013 us-gaap Operating Income Loss
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198359000
CY2013 us-gaap Business Acquisitions Pro Forma Net Income Loss
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92378000
CY2013 us-gaap Payments To Acquire Notes Receivable
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116960000
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12588000
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-20769000
CY2013 us-gaap Business Acquisitions Pro Forma Revenue
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949337000
CY2013 us-gaap Income Loss From Continuing Operations
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77039000
CY2013 us-gaap Interest Paid
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50181000
CY2013 us-gaap Long Term Purchase Commitment Amount
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0
CY2013 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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9591000
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120868000
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CY2013 us-gaap Net Income Loss
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75299000
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4990000
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7692000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
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70201000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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12649000
CY2013 us-gaap Payments For Repurchase Of Common Stock
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729000
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
75480000
CY2013 us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
32008000
CY2013 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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5420000
CY2013 us-gaap Repayments Of Other Debt
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39743000
CY2013 us-gaap Stock Issued During Period Value New Issues
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62352000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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13423000
CY2013 us-gaap Undistributed Earnings
UndistributedEarnings
5600000
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1559000
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
22649000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
11500000
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5011000
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151670000
CY2013 us-gaap Goodwill Acquired During Period
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433508000
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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-161000
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
109713000
CY2013 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
1167000
CY2013 us-gaap Amortization Of Financing Costs And Discounts
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6715000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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245980000
CY2013 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
550000
CY2013 us-gaap Other Cost And Expense Operating
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66649000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-28188000
CY2013 us-gaap Proceeds From Collection Of Notes Receivable
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70573000
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
1398000
CY2013 us-gaap Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
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-1160000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
16900000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
12649000
CY2013 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
24389000
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
729000
CY2013 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
546366000
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
13547000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
103515000
CY2013 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Provision For Loan Losses1
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesProvisionForLoanLosses1
479000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7196000
CY2013 us-gaap Interest Expense
InterestExpense
73269000
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-468000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3138000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
42304000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-13134000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
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-217240000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Acquisition
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712000
CY2013 us-gaap Goodwill Purchase Accounting Adjustments
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-9130000
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4442000
CY2013 us-gaap Proceeds From Long Term Lines Of Credit
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659940000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2369000
CY2013 us-gaap Depreciation Depletion And Amortization
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13547000
CY2013 us-gaap Deferred Income Taxes And Tax Credits
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-16164000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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5609000
CY2013 us-gaap Amortization Of Intangible Assets
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800000
CY2013 us-gaap Current Income Tax Expense Benefit
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61552000
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
4052000
CY2013 us-gaap Depreciation
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12700000
CY2013 us-gaap Loss On Contract Termination
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3630000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
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-661000
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-2647000
CY2013 us-gaap Lease And Rental Expense
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12000000
CY2013 us-gaap Labor And Related Expense
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165040000
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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1400000
CY2013 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Allowance For Loan Losses Decreases1
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12672000
CY2013 us-gaap Current Federal Tax Expense Benefit
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50304000
CY2013 us-gaap Operating Expenses
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575005000
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2593000
CY2013 us-gaap Proceeds From Convertible Debt
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172500000
CY2013 us-gaap Income Tax Expense Benefit
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45388000
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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5118000
CY2013 ecpg Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Foreign Currency Translation Adjustment
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49634000
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CY2013 ecpg Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Put Backs And Recalls
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2629000
CY2013 ecpg Cost Of Legal Collections
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186959000
CY2013 ecpg Zero Basis Revenue
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17200000
CY2013 ecpg Redeemable Noncontrolling Interest Increase From Business Combination
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25517000
CY2013 ecpg Reversal Provision For Allowances On Receivable Portfolios Net
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-12193000
CY2013 ecpg Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Purchases Of Receivable Portfolios
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1204779000
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CY2013 ecpg Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Revenue Recognized
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732659000
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744870000
CY2013 ecpg Face Value Of Receivable Portfolios
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84900000000
CY2013 ecpg Percentage To Be Added To Adjusted Base Rate For Alternate Base Rate
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0.010 pure
CY2013 ecpg Provision For Court Cost Spent
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61809000
CY2013 ecpg Stock Issued During Period Value Stock Options Exercised Includes Restricted Stock Units Net Of Tax Withholdings
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CY2013 ecpg Write Off Of Reserve After Thirty Sixth Month
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CY2013 ecpg Revenue As Percentage Of Collections
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0.573 pure
CY2013 ecpg Collection Agency Commissions
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33097000
CY2013 ecpg Receivable Portfolios Percentage Of Face Value On Purchase Cost
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0.014 pure
CY2013 ecpg Deferred Court Costs Not Recovered Write Off Years
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P3Y
CY2013 ecpg Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Gross Collections
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1279506000
CY2013 ecpg Estimated Future Collections At Acquisition For Receivable Portfolios
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1300000000
CY2013 ecpg Extended Deferred Court Costs Not Recovered Write Off Years
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P5Y
CY2013 ecpg Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Portfolio Allowances Portfolio Allowance Reversals Net
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12193000
CY2013 ecpg Income Recognized Under Cost Recovery Method
IncomeRecognizedUnderCostRecoveryMethod
0
CY2013 ecpg Description Of Present Value Calculation Of Remaining Debt Payments
DescriptionOfPresentValueCalculationOfRemainingDebtPayments
The discount rate used to determine the present value is 50 basis points over the then current Treasury Rate corresponding to the remaining average life
CY2013 ecpg Benefit For State Taxes
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0.020 pure
CY2013 ecpg Purchase Commitment Face Amount
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770100000
CY2013 ecpg Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Transfers Of Receivable Portfolios Net
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CY2013 ecpg Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Additions For Current Purchases Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAdditionsForCurrentPurchasesAccretableYield
1767071000
CY2013 ecpg Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Net Additions To Existing Portfolios Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesNetAdditionsToExistingPortfoliosAccretableYield
375407000
CY2013 ecpg Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Redeemable Noncontrolling Interest
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-1047000
CY2013 ecpg Percentage Of Payments Made For Portfolio Purchase
PercentageOfPaymentsMadeForPortfolioPurchase
0.50 pure
CY2013 ecpg Percentage Of Provision For Federal Income Taxes
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0.330 pure
CY2013 ecpg Litigation Settlement Fund
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5200000
CY2013 ecpg Restrike Costs Of Warrant Transactions
RestrikeCostsOfWarrantTransactions
2700000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.009 pure
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.69
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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25836000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.630 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350 pure
CY2012 us-gaap Earnings Per Share Basic
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2.80
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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0.397 pure
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.005 pure
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0.000 pure
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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981000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.002 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.004 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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11.77
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.000 pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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98520000
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2013Q4 ecpg Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Gross Collections
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