Everest Group (EG) FY2014 results: revenue $5.7 billion, up 0.7% on the year
Everest Group, Ltd. (EG) reported revenue of $5.7 billion for fiscal 2014, the year ended 31 December 2014, up 0.7% on the year before. Net income was $1.2 billion, down 4.8%, and diluted earnings per share $25.91. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$5.7 billion
+0.7% on the year
FY2008FY2014
Operating margin
24.4%
27.6% a year earlier
FY2008FY2014
Net income
$1.2 billion
-4.8% on the year
FY2008FY2014
Diluted EPS
$25.91
+1.8% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
5,679
5,641
4,923
+0.7%
Operating income
1,387
1,555
940
-10.8%
Operating margin
24.4%
27.6%
19.1%
Interest expense
38.5
46.1
53.7
-16.4%
Pre-tax income
1,387
1,555
940
-10.8%
Income tax
188
290
111
-35.2%
Effective tax rate
13.5%
18.6%
11.8%
Net income
1,199
1,259
829
-4.8%
Net margin
21.1%
22.3%
16.8%
Diluted EPS
$25.91
$25.44
$15.79
+1.8%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
n/a
1,098
664
Cash from investing
n/a
n/a
-234
Cash from financing
n/a
n/a
-369
Share-based compensation
21.2
31.8
32.0
-33.4%
Buybacks
500
622
290
-19.6%
Dividends paid
146
107
100
+36.8%
Dividend per share
$3.20
$2.19
$1.92
+46.1%
Diluted shares, weighted
46m
49m
52m
-6.6%
Shares outstanding at period end
68m
68m
67m
+0.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
7,451
6,968
6,733
+6.9%
Redeemable equity
422
n/a
n/a
Debt
238
238
238
+0.0%
Other liabilities
12,707
12,601
12,806
+0.8%
Total liabilities and equity
20,818
19,808
19,778
+5.1%
Investments
14.3
10.6
3.3
+35.3%
Cash and equivalents
437
611
537
-28.4%
Other assets
20,366
19,186
19,238
+6.2%
Total assets
20,818
19,808
19,778
+5.1%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.