Everest Group (EG) FY2020 results: revenue $9.6 billion, up 16.6% on the year
Everest Group, Ltd. (EG) reported revenue of $9.6 billion for fiscal 2020, the year ended 31 December 2020, up 16.6% on the year before. Net income was $262 million, down 65.8%, and diluted earnings per share $12.78. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$9.6 billion
+16.6% on the year
FY2013FY2020
Operating margin
6.1%
13.4% a year earlier
FY2013FY2020
Net income
$262 million
-65.8% on the year
FY2013FY2020
Diluted EPS
$12.78
-48.3% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
9,598
8,231
7,361
+16.6%
Operating income
585
1,099
-242
-46.7%
Operating margin
6.1%
13.4%
-3.3%
Interest expense
n/a
31.7
31.0
Pre-tax income
585
1,099
-242
-46.7%
Income tax
71.0
89.5
-331
-20.7%
Effective tax rate
12.1%
8.1%
n/a
Net income
262
766
-126
-65.8%
Net margin
2.7%
9.3%
-1.7%
Diluted EPS
$12.78
$24.70
$2.53
-48.3%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
2,874
1,852
610
+55.2%
Cash from investing
-3,683
-1,412
-280
Cash from financing
800
-276
-317
Share-based compensation
39.0
34.0
32.4
+14.6%
Buybacks
200
24.6
75.3
+713.0%
Dividends paid
249
234
216
+6.3%
Dividend per share
$6.20
$5.75
$5.30
+7.8%
Shares outstanding at period end
70m
69m
69m
+0.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
9,726
9,133
7,861
+6.5%
Debt
n/a
n/a
237
Other liabilities
22,985
18,191
16,697
+26.4%
Total liabilities and equity
32,712
27,324
24,794
+19.7%
Investments
1.2
1.7
2.9
-31.2%
Cash and equivalents
802
808
656
-0.8%
Other assets
31,909
26,514
24,135
+20.3%
Total assets
32,712
27,324
24,794
+19.7%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.