Everest Group (EG) FY2018 results: revenue $7.4 billion, up 11.2% on the year
Everest Group, Ltd. (EG) reported revenue of $7.4 billion for fiscal 2018, the year ended 31 December 2018, up 11.2% on the year before. Net income was -$126 million, and diluted earnings per share $2.53. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$7.4 billion
+11.2% on the year
FY2011FY2018
Operating margin
-3.3%
6.3% a year earlier
FY2011FY2018
Net income
-$126 million
FY2011FY2018
Diluted EPS
$2.53
-77.7% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
7,361
6,622
5,794
+11.2%
Operating income
-242
419
1,100
Operating margin
-3.3%
6.3%
19.0%
Interest expense
31.0
31.6
36.2
-1.8%
Pre-tax income
-242
419
1,100
Income tax
-331
-63.3
104
Effective tax rate
n/a
-15.1%
9.4%
Net income
-126
273
792
Net margin
-1.7%
4.1%
13.7%
Diluted EPS
$2.53
$11.36
$23.68
-77.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
610
1,163
1,384
-47.5%
Cash from investing
-280
-733
-658
Cash from financing
-317
-275
-582
Share-based compensation
32.4
30.3
26.4
+6.8%
Buybacks
75.3
50.0
386
+50.6%
Dividends paid
216
207
195
+4.3%
Dividend per share
$5.30
$5.05
$4.70
+5.0%
Diluted shares, weighted
n/a
n/a
42m
Shares outstanding at period end
69m
69m
69m
+0.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
7,861
8,341
8,075
-5.8%
Debt
237
237
236
+0.0%
Other liabilities
16,697
15,014
13,010
+11.2%
Total liabilities and equity
24,794
23,592
21,322
+5.1%
Investments
2.9
1.0
3.7
+178.6%
Cash and equivalents
656
635
482
+3.3%
Other assets
24,135
22,956
20,836
+5.1%
Total assets
24,794
23,592
21,322
+5.1%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.