secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001185348-22-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PRA Group Q1 net income $40M ($0.97 EPS); revenue $240.6M; cash collections $481M
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- Net income attributable to PRA Group was $40.0M, down from $58.4M in Q1 2021; diluted EPS $0.97 vs $1.27.
- Total revenues $240.6M; cash collections $481.0M, down $74.9M YoY due to lower U.S. call center and legal collections.
- Portfolio purchases $147.5M, reflecting continued low U.S. supply and increased European competition.
- Repurchased 0.9M shares for $39.5M at avg $45.88; $127.7M remaining under authorization.
- Cash efficiency ratio 65.1%; available capacity under credit facilities $571.1M after borrowing base restrictions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000118534822000015/0001185348-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000118534822000015/praa-20220509.htm
  HTML page:      https://secwatch.observer/filing/0001185348-22-000015

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