Everest Group (EG) FY2017 results: revenue $6.6 billion, up 14.3% on the year
Everest Group, Ltd. (EG) reported revenue of $6.6 billion for fiscal 2017, the year ended 31 December 2017, up 14.3% on the year before. Net income was $273 million, down 65.6%, and diluted earnings per share $11.36. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$6.6 billion
+14.3% on the year
FY2010FY2017
Operating margin
6.3%
19.0% a year earlier
FY2010FY2017
Net income
$273 million
-65.6% on the year
FY2010FY2017
Diluted EPS
$11.36
-52.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
6,622
5,794
5,677
+14.3%
Operating income
419
1,100
1,112
-61.9%
Operating margin
6.3%
19.0%
19.6%
Interest expense
31.6
36.2
36.2
-12.8%
Pre-tax income
419
1,100
1,112
-61.9%
Income tax
-63.3
104
134
Effective tax rate
-15.1%
9.4%
12.1%
Net income
273
792
978
-65.6%
Net margin
4.1%
13.7%
17.2%
Diluted EPS
$11.36
$23.68
$22.10
-52.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,163
1,384
1,108
-16.0%
Cash from investing
-733
-658
-681
Cash from financing
-275
-582
-573
Share-based compensation
30.3
26.4
21.2
+14.8%
Buybacks
50.0
386
400
-87.1%
Dividends paid
207
195
175
+6.1%
Dividend per share
$5.05
$4.70
$4.00
+7.4%
Diluted shares, weighted
n/a
42m
44m
Shares outstanding at period end
69m
69m
69m
+0.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
8,341
8,075
7,609
+3.3%
Redeemable equity
n/a
n/a
757
Debt
237
236
236
+0.0%
Other liabilities
15,014
13,010
11,949
+15.4%
Total liabilities and equity
23,592
21,322
20,551
+10.6%
Investments
1.0
3.7
4.0
-71.9%
Cash and equivalents
635
482
284
+31.8%
Other assets
22,956
20,836
20,263
+10.2%
Total assets
23,592
21,322
20,551
+10.6%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.