Financial Performance - Global cash collections reached a record of $519 million[3], a 15% increase compared to $453 million in Q3 2019[8] - Net income increased by 70% from $25 million in Q3 2019 to $42 million in Q3 2020[11] - Diluted earnings per share increased by 67% from $0.55 in Q3 2019 to $0.92 in Q3 2020[11] - The company's YTD cash efficiency ratio is 65.3%[17] Investments and Portfolio - Portfolio purchases amounted to $178 million[3] - The company estimates remaining collections of $6.3 billion[3] - The company invested $98 million in the Americas[5] and $79 million in Europe[6] Regional Performance - Cash collections in the Americas were $374 million[5] - Europe achieved record cash collections of $146 million[6] Debt and Leverage - The company has $1 billion available for portfolio acquisitions[35] - Total borrowings decreased from $2.808 billion to $2.524 billion[34] - Debt to adjusted EBITDA decreased from 2.54x to 1.90x[34]

PRA Group, Inc. (NASDAQ:PRAA) Q2 2020 Earnings Conference Call August 6, 2020 5:00 PM ET Company Participants Darby Schoenfeld – Vice President-Investor Relations Kevin Stevenson – President and Chief Executive Officer Pete Graham – Executive Vice President and Chief Financial Officer Conference Call Participants Mark Hughes – SunTrust David Scharf – JMP Securities Eric Hagen – KBW Robert Dodd – Raymond James Dominick Gabriele – Oppenheimer Operator Welcome to the PRA Group Conference Call. All participants ...