PRA (US:PRAA)2020-11-06 15:34Financial 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]