Encore Capital (ECPG) 8-K Cautionary Note a Bout Forward - -Looking Statements

Exhibit 99.2

ENCORE CAPITAL GROUP, INC.
Supplemental Financial Information
Reconciliation of GAAP Net Income and Income Before Taxes to
Net Income and Income Before Taxes Excluding One-Time Benefits and Charges
(In Thousands)

	Quarter Ended March 31,
	2004		2003			2002
GAAP net income, as reported	$	6,016	$	8,166		$	233
Gain on settlement of litigation1		-		(4,376	)		-
Net income, excluding one-time benefits	$	6,016	$	3,790		$	233
	Quarter Ended June 30,
	2004		2003			2002
GAAP net income, as reported	$	5,595	$	3,309		$	692
Benefit from restoration of net deferred tax assets3		-		-			(143	)
Net income, excluding one-time benefits	$	5,595	$	3,309		$	549
	Quarter Ended September 30,
	2004		2003			2002
GAAP net income, as reported	$	5,882	$	3,104		$	2,521
Benefit from restoration of net deferred tax assets3		-		-			(914	)
Net income, excluding one-time benefits	$	5,882	$	3,104		$	1,607
	Quarter Ended December 31,
	2004		2003			2002
GAAP net income, as reported	$	5,683	$	3,841		$	10,343
Write off of deferred costs2		-		528			-
Benefit from restoration of net deferred tax assets3		-		-			(8,830	)
Net income, excluding one-time (benefits) Charges	$	5,683	$	4,369		$	1,513
	Years Ended December 31,
	2004		2003			2002
GAAP income before taxes	$	38,846	$	29,423		$	8,086
Gain on settlement of litigation1		-		(7,210	)		-
Write off of deferred costs2		-		870			-
Income before taxes, exluding one time (benefits) charges	$	38,846	$	23,083		$	8,086

¹This is the result of a net pre-tax gain of $7.2 million and a net after-tax gain of $4.4 million associated with a litigation settlement during the first quarter of 2003.

²This is the result of the pre-tax write-off of $0.9 million and an after-tax write-off of $0.5 million in deferred loans costs and a debt discount associated with the early retirement of our Senior Notes during the fourth quarter of 2003.

³This is the result of a change in the valuation allowance associated with our net tax assets during 2002, which resulted in the recognition of a current tax benefit in the amount of $8.8 million, $0.9 million, and $.01 million for the quarters ended December 31, September 30 and June 30, respectively.