安可资本 2025年季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch31, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ENCORE CAPITAL GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 350 Camino De La Reina,Suite 100San Diego,California92108(Address of principal executive offices, including zip code)(877)345-3002(Registrant’s telephone number, including area code) PART I – FINANCIAL INFORMATION The following table presents certain assets and liabilities of consolidated variable interest entities (“VIEs”) included in the condensedconsolidated statements of financial condition above. Most assets in the table below include those assets that can only be used to settleobligations of consolidated VIEs. The liabilities exclude amounts where creditors or beneficial interest holders have recourse to the general ENCORE CAPITAL GROUP, INC.Condensed Consolidated Statements of Income ENCORE CAPITAL GROUP, INC.Condensed Consolidated Statements of Equity(Unaudited, In Thousands) ENCORE CAPITAL GROUP, INC.Condensed Consolidated Statements of Cash Flows ENCORE CAPITAL GROUP, INC.Notes to Condensed Consolidated Financial Statements (Unaudited) Note 1:Ownership, Description of Business, and Summary of Significant Accounting Policies Encore Capital Group, Inc. (“Encore”), through its subsidiaries (collectively with Encore, the “Company”), is an internationalspecialty finance company providing debt recovery solutions and other related services for consumers across a broad range of financialassets. The Company purchases portfolios of defaulted consumer receivables at deep discounts to face value and manages them by workingwith individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers’ unpaid financialobligations to credit originators, including banks, credit unions, consumer finance companies and commercial retailers. Defaulted Through Midland Credit Management, Inc. and its domestic affiliates (collectively, “MCM”), the Company is a market leader inportfolio purchasing and recovery in the United States. Through Cabot Credit Management Limited (“CCM”) and its subsidiaries andEuropean affiliates (collectively, “Cabot”), the Company is one of the largest credit management services providers in Europe and the The Company also has investments and operations in Latin America and Asia-Pacific, which the Company refers to as “LAAP.” Financial Statement Preparation and Presentation The accompanying interim condensed consolidated financial statements have been prepared by the Company, without audit, inaccordance with the instructions to the Quarterly Report on Form 10-Q, and Rule 10-01 of Regulation S-X promulgated by the UnitedStates Securities and Exchange Commission (the “SEC”) and, therefore, do not include all information and footnotes necessary for a fair In the opinion of management, the unaudited financial information for the interim periods presented reflects all adjustments, consistingof only normal and recurring adjustments, necessary for a fair statement of the Company’s condensed consolidated financial statements.These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements included in the The preparation of condensed financial statements in conformity with GAAP requires management to make estimates and assumptionsthat affect the reported amounts and the disclosure of contingent amounts in the Company’s condensed financial statements and the Basis of Consolidation The condensed consolidated financial statements have been prepared in conformity with GAAP and reflect the accounts andoperations of the Company and those of its subsidiaries in which the Company has a controlling financial interest. The Company alsoconsolidates variable interest entities (“VIEs”) for which it is the primary beneficiary. The primary beneficiary has both (a)the power todirect the activities of the VIE that most significantly affect the entity’s economic performance, and (b)either the obligation to absorb losses Translation of Foreign Currencies The condensed financial statements of certain of the Company’s foreign subsidiaries are measured using their local currency as thefunctional currency. Assets and liabilities of foreign operations are translated into U.S. dollars using period-end exchange rates, andrevenues and expenses are translated into U.S. dollars using average exchange rates in effect during each period. The resulting translationadjustments are recorded as a component of other comprehensive income or loss. Equity accounts are translated at historical rates, exceptfor the change in retained earnings during the year which is the result of the income statement translation process. Intercompany transaction Recent Accounting Pronouncements In December 2023, the FAS