Everest Group (EG) FY2019 results: revenue $8.2 billion, up 11.8% on the year
Everest Group, Ltd. (EG) reported revenue of $8.2 billion for fiscal 2019, the year ended 31 December 2019, up 11.8% on the year before. Net income was $766 million, and diluted earnings per share $24.70. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$8.2 billion
+11.8% on the year
FY2012FY2019
Operating margin
13.4%
-3.3% a year earlier
FY2012FY2019
Net income
$766 million
FY2012FY2019
Diluted EPS
$24.70
+876.3% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
8,231
7,361
6,622
+11.8%
Operating income
1,099
-242
419
Operating margin
13.4%
-3.3%
6.3%
Interest expense
31.7
31.0
31.6
+2.1%
Pre-tax income
1,099
-242
419
Income tax
89.5
-331
-63.3
Effective tax rate
8.1%
n/a
-15.1%
Net income
766
-126
273
Net margin
9.3%
-1.7%
4.1%
Diluted EPS
$24.70
$2.53
$11.36
+876.3%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,852
610
1,163
+203.6%
Cash from investing
-1,412
-280
-733
Cash from financing
-276
-317
-275
Share-based compensation
34.0
32.4
30.3
+5.1%
Buybacks
24.6
75.3
50.0
-67.3%
Dividends paid
234
216
207
+8.4%
Dividend per share
$5.75
$5.30
$5.05
+8.5%
Shares outstanding at period end
69m
69m
69m
+0.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
9,133
7,861
8,341
+16.2%
Debt
n/a
237
237
Other liabilities
18,191
16,697
15,014
+9.0%
Total liabilities and equity
27,324
24,794
23,592
+10.2%
Investments
1.7
2.9
1.0
-39.1%
Cash and equivalents
808
656
635
+23.2%
Other assets
26,514
24,135
22,956
+9.9%
Total assets
27,324
24,794
23,592
+10.2%
10-K for the year ended 31 December 2019, filed 2 March 2020: the filing.