Exhibit 99.2
Encore Capital Group, Inc.
Supplemental Financial Information
Reconciliation of GAAP Net Income to
Net Income Excluding One-Time Benefits and Charges
For the Quarters Ended December 31, 2003 and 2002
(in thousands)
| For the Quarter Ended, | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31 | Sep 30 | Jun 30 | Mar 31 | |||||||||||
| 2003 | ||||||||||||||
| GAAP, as reported | $ | 3,841 | $ | 3,104 | $ | 3,309 | $ | 8,166 | ||||||
| Gain on settlement of litigation | – | – | – | (4,376 | ) | |||||||||
| Write off of deferred costs | 528 | – | – | – | ||||||||||
| Net income, excluding | ||||||||||||||
| one-time benefits and charges | $ | 4,369 | $ | 3,104 | $ | 3,309 | $ | 3,790 | ||||||
| 2002 | ||||||||||||||
| GAAP, as reported | $ | 10,343 | $ | 2,521 | $ | 692 | $ | 233 | ||||||
| Benefit from restoration | ||||||||||||||
| of net deferred tax assets | (8,830 | ) | (914 | ) | (184 | ) | 41 | |||||||
| Net income, excluding | ||||||||||||||
| one-time benefits and charges | $ | 1,513 | $ | 1,607 | $ | 508 | $ | 274 | ||||||
Encore Capital Group, Inc.
Supplemental Financial Information
Reconciliation of GAAP Interest Expense and Weighted Average Effective Interest to
Interest Expense and Weighted Average Effective Interest Excluding One-Time Charges
For the Year and Quarter Ended December 31, 2003
(in thousands, except percentages)
| Interest Expense | Weighted Average Effective Interest Rate | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| For the Year Ended December 31, 2003 | |||||||||
| GAAP, as reported | $ | 20,479 | 49.1 | % | |||||
| Write off of deferred costs | (870 | ) | (2.1 | ) | |||||
| Excluding one-time charges | $ | 19,609 | 47.0 | % | |||||
| For the Quarter Ended December 31, 2003 | |||||||||
| GAAP, as reported | $ | 6,622 | 69.8 | % | |||||
| Write off of deferred costs | (870 | ) | (9.2 | ) | |||||
| Excluding one-time charges | $ | 5,752 | 60.6 | % | |||||