XML 79 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Financial Condition (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Cash and cash equivalents $ 126,213 $ 17,510
Investment in receivable portfolios, net 1,590,249 873,119
Deferred court costs, net 41,219 35,407
Receivables secured by property tax liens, net 212,814 135,100
Property and equipment, net 55,783 23,223
Other assets 154,783 31,535
Goodwill 504,213 55,446
Total assets 2,685,274 [1] 1,171,340 [1]
Liabilities:    
Accounts payable and accrued liabilities 137,272 43,909
Deferred tax liabilities, net 7,164 8,236
Debt 1,850,431 706,036
Other liabilities 87,936 7,343
Total liabilities 2,082,803 [1] 765,524 [1]
Redeemable noncontrolling interest 26,564   
Commitments and contingencies      
Stockholders' equity:    
Convertible preferred stock, $.01 par value, 5,000 shares authorized, no shares issued and outstanding      
Common stock, $.01 par value, 50,000 shares authorized, 25,457 shares and 23,191 shares issued and outstanding as of December 31, 2013 and December 31, 2012, respectively 255 232
Additional paid-in capital 171,819 88,029
Accumulated earnings 394,628 319,329
Accumulated other comprehensive gain (loss) 5,195 (1,774)
Total Encore Capital Group, Inc. stockholders' equity 571,897 405,816
Noncontrolling interest 4,010  
Total stockholders' equity 575,907 405,816
Total liabilities, redeemable noncontrolling interest and stockholders' equity $ 2,685,274 $ 1,171,340
[1] The Company's consolidated assets as of December 31, 2013 included $1,106,538 of assets from its variable interest entity, or VIE, that can only be used to settle obligations of the VIE. These assets include cash and cash equivalents of $62,403; investment in receivable portfolios, net, of $620,312; property and equipment, net, of $13,755; other assets of $33,772; and goodwill of $376,296. The Company's consolidated liabilities as of December 31, 2013, included $895,792 of liabilities of its VIE, whose creditors have no recourse to the Company. These liabilities include accounts payable and accrued liabilities of $47,219; debt of $846,676; and other liabilities of $1,897. See further details of the assets and liabilities of the Company's VIE in Note 11, "Variable Interest Entity."