Everest Group (EG) FY2016 results: revenue $5.8 billion, up 2.1% on the year
Everest Group, Ltd. (EG) reported revenue of $5.8 billion for fiscal 2016, the year ended 31 December 2016, up 2.1% on the year before. Net income was $792 million, down 19.0%, and diluted earnings per share $23.68. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2017.
Revenue
$5.8 billion
+2.1% on the year
FY2009FY2016
Operating margin
19.0%
19.6% a year earlier
FY2009FY2016
Net income
$792 million
-19.0% on the year
FY2009FY2016
Diluted EPS
$23.68
+7.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
5,794
5,677
5,679
+2.1%
Operating income
1,100
1,112
1,387
-1.1%
Operating margin
19.0%
19.6%
24.4%
Interest expense
36.2
36.2
38.5
+0.1%
Pre-tax income
1,100
1,112
1,387
-1.1%
Income tax
104
134
188
-22.8%
Effective tax rate
9.4%
12.1%
13.5%
Net income
792
978
1,199
-19.0%
Net margin
13.7%
17.2%
21.1%
Diluted EPS
$23.68
$22.10
$25.91
+7.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,384
1,108
n/a
+24.8%
Cash from investing
-658
-681
n/a
Cash from financing
-582
-573
n/a
Share-based compensation
26.4
21.2
21.2
+24.3%
Buybacks
386
400
500
-3.4%
Dividends paid
195
175
146
+11.6%
Dividend per share
$4.70
$4.00
$3.20
+17.5%
Diluted shares, weighted
42m
44m
46m
-4.9%
Shares outstanding at period end
69m
69m
68m
+0.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
8,075
7,609
7,451
+6.1%
Redeemable equity
n/a
757
422
Debt
236
236
238
+0.0%
Other liabilities
13,010
11,949
12,707
+8.9%
Total liabilities and equity
21,322
20,551
20,818
+3.8%
Investments
3.7
4.0
14.3
-9.1%
Cash and equivalents
482
284
437
+69.9%
Other assets
20,836
20,263
20,366
+2.8%
Total assets
21,322
20,551
20,818
+3.8%
10-K for the year ended 31 December 2016, filed 1 March 2017: the filing.