Encore Capital (ECPG) 8-K Cautionary Note About Forward-looking Statements

Exhibit 99.2

ENCORE CAPITAL GROUP, INC.

Supplemental Financial Information

Reconciliation of GAAP Net Income to

Net Income Excluding One-Time Benefits and Charges

(In Thousands)

	Quarter Ended March 31,
	2003			2002
GAAP net income, as reported	$	8,166		$	233
Gain on settlement of litigation1		(4,376	)		—
Net income, excluding one-time benefits	$	3,790		$	233
	Quarter Ended June 30,
	2003			2002
GAAP net income, as reported	$	3,309		$	692
Benefit from restoration of net deferred tax assets2		—			(143	)
Net income, excluding one-time benefits	$	3,309		$	549
	Quarter Ended September 30,
	2003			2002
GAAP net income, as reported	$	3,104		$	2,521
Benefit from restoration of net deferred tax assets2		—			(914	)
Net income, excluding one-time benefits	$	3,104		$	1,607
	Quarter Ended December 31,
	2003			2002
GAAP net income, as reported	$	3,841		$	10,343
Write off of deferred costs3		528			—
Benefit from restoration of net deferred tax assets2		—			(8,830	)
Net income, excluding one-time (benefits) Charges	$	4,369		$	1,513

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

² This 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.

³ This is the result of the 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.