Everest Group (EG) FY2013 results: revenue $5.6 billion, up 14.6% on the year
Everest Group, Ltd. (EG) reported revenue of $5.6 billion for fiscal 2013, the year ended 31 December 2013, up 14.6% on the year before. Net income was $1.3 billion, up 51.9%, and diluted earnings per share $25.44. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$5.6 billion
+14.6% on the year
FY2008FY2013
Operating margin
27.6%
19.1% a year earlier
FY2008FY2013
Net income
$1.3 billion
+51.9% on the year
FY2008FY2013
Diluted EPS
$25.44
+61.1% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
5,641
4,923
4,694
+14.6%
Operating income
1,555
940
-234
+65.5%
Operating margin
27.6%
19.1%
-5.0%
Interest expense
46.1
53.7
52.3
-14.1%
Pre-tax income
1,555
940
-234
+65.5%
Income tax
290
111
-153
+162.0%
Effective tax rate
18.6%
11.8%
n/a
Net income
1,259
829
-80.5
+51.9%
Net margin
22.3%
16.8%
-1.7%
Diluted EPS
$25.44
$15.79
-$1.49
+61.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,098
664
660
+65.4%
Cash from investing
n/a
-234
-209
Cash from financing
n/a
-369
-234
Share-based compensation
31.8
32.0
17.7
-0.4%
Buybacks
622
290
92.5
+114.5%
Dividends paid
107
100
103
+6.3%
Dividend per share
$2.19
$1.92
$1.92
+14.1%
Diluted shares, weighted
49m
52m
54m
-5.8%
Shares outstanding at period end
68m
67m
66m
+1.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
6,968
6,733
6,071
+3.5%
Debt
238
238
238
+0.0%
Other liabilities
12,601
12,806
12,584
-1.6%
Total liabilities and equity
19,808
19,778
18,894
+0.2%
Investments
10.6
3.3
3.1
+216.8%
Cash and equivalents
611
537
449
+13.8%
Other assets
19,186
19,238
18,442
-0.3%
Total assets
19,808
19,778
18,894
+0.2%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.