PRA GROUP INC (PRAA) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
United States		652.0	677.2	673.3	619.2	560.3	673.9	722.4
United Kingdom		175.4	132.7	120.4	99.8	81.3	78.9	73.7
Other		268.4	255.4	223.4	189.3	186.6	177.8	146.0
Total revenues [+]	966.5	1,095.7	1,065.4	1,017.1	908.3	828.2	930.6	942.0
Other								12.5
Revenue growth [+]	-11.8%	2.8%	4.8%	12.0%	9.7%	-11.0%	-1.2%	6.9%
United States		-3.7%	0.6%	8.7%	10.5%	-16.9%	-6.7%	-5.7%
United Kingdom		32.1%	10.3%	20.6%	22.7%	3.0%	7.1%
Cost of goods sold	18.6	302.0	295.2	310.4	319.4	273.0	258.8	268.3
Gross profit	947.9	793.8	770.3	706.6	588.9	555.2	671.8	673.7
Gross margin	98.1%	72.4%	72.3%	69.5%	64.8%	67.0%	72.2%	71.5%
Selling, general and administrative [+]	680.7	61.1	58.8	61.9	60.1	48.0	49.5	47.8
Sales and marketing		18.4	18.0	17.9	16.9	14.8	15.7	14.7
General and administrative [+]		42.8	40.8	44.1	43.2	33.1	33.8	33.1
Telecommunications expense		42.8	40.8	44.1	43.2	33.1	33.8	33.1
Other selling, general and administrative		18.4	18.0	17.9	16.9	14.8	15.7	14.7
Other operating expenses	-33.8	342.4	343.3	379.6	297.6	225.2	378.2	295.6
EBITDA [+]	301.0	390.3	368.2	265.2	231.2	282.0	244.1	330.2
EBITDA growth	-22.9%	6.0%	38.9%	14.7%	-18.0%	15.5%	-26.1%	-8.4%
EBITDA margin	31.1%	35.6%	34.6%	26.1%	25.5%	34.0%	26.2%	35.1%
Depreciation	15.2	15.3	18.5	17.5	19.3	15.5	18.2	16.2
EBITA	285.8	375.0	349.7	247.7	211.8	266.5	226.0	314.0
EBITA margin	29.6%	34.2%	32.8%	24.4%	23.3%	32.2%	24.3%	33.3%
Amortization of intangibles						4.3	6.2	3.7
EBIT [+]	285.8	375.0	349.7	247.7	211.8	262.2	219.8	310.3
EBIT growth	-23.8%	7.2%	41.2%	16.9%	-19.2%	19.3%	-29.2%	-9.3%
EBIT margin	29.6%	34.2%	32.8%	24.4%	23.3%	31.7%	23.6%	32.9%
Non-recurring items [+]					26.6	48.5
Loss (gain) on sale of assets					26.6	48.5
Interest expense, net [+]	130.7	124.1	141.7	141.9	121.1	98.0	80.9	60.3
Interest expense	130.7	124.1	141.7	141.9	124.2	103.7	85.9	62.4
Interest income					3.1	5.6	5.0	2.1
Other income (expense), net [+]	-0.3	-0.5	1.0	11.6	25.3	44.6	-3.3	7.5
Gain (loss) on foreign currency transactions		-0.8	2.0	12.0	-0.9	-1.1	2.6	7.5
Other	-1.3	0.3	-1.0	-0.4	-0.3	-2.8	-5.8
Pre-tax income	154.8	250.3	208.9	117.4	89.5	160.3	135.6	257.5
Income taxes	36.8	54.8	41.2	19.7	13.8	-10.9	43.6	89.4
Tax rate	23.8%	21.9%	19.7%	16.8%	15.4%		32.1%	34.7%
Minority interest		12.4	18.4	11.5	10.2	6.8	5.8	0.2
Net income	117.1	183.2	149.3	86.2	65.6	164.3	86.3	167.9
Net margin	12.1%	16.7%	14.0%	8.5%	7.2%	19.8%	9.3%	17.8%

Basic EPS [+]	$2.96	$4.07	$3.28	$1.90	$1.45	$3.60	$1.86	$3.49
Growth	-27.5%	24.2%	72.7%	31.1%	-59.8%	93.2%	-46.6%	-1.2%
Diluted EPS [+]	$2.94	$4.04	$3.26	$1.89	$1.44	$3.59	$1.86	$3.47
Growth	-27.3%	24.1%	72.3%	30.9%	-59.7%	92.8%	-46.4%	-0.9%

Shares outstanding (basic) [+]	39.6	45.0	45.5	45.4	45.3	45.7	46.3	48.1
Growth	-11.8%	-1.3%	0.3%	0.2%	-0.9%	-1.4%	-3.8%	-3.7%
Shares outstanding (diluted) [+]	39.9	45.3	45.9	45.6	45.4	45.8	46.4	48.4
Growth	-12.0%	-1.2%	0.6%	0.4%	-0.9%	-1.2%	-4.2%	-4.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.