secwatch.observer — SEC 8-K summary
======================================

Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001185348-22-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PRA Group Q2 2022 net income $36.5M ($0.91 EPS); cash collections down 18.3% YoY
--------------------------------------------------------------------------------

- Diluted EPS of $0.91 vs. $1.22 in Q2 2021; net income $36.5M down 34.8%.
- Total cash collections $444.1M, down 18.3% (down 15.4% constant currency).
- Portfolio purchases $231.3M, up from $219.7M a year ago, driven by Europe.
- Share repurchases of $34.9M (0.8M shares); $92.7M remaining under plan.
- Estimated remaining collections (ERC) $5.6B; debt to adjusted EBITDA 2.03x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000118534822000022/0001185348-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000118534822000022/praa-20220808.htm
  HTML page:      https://secwatch.observer/filing/0001185348-22-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer