Everest Group (EG) FY2022 results: revenue $12.1 billion, up 1.6% on the year
Everest Group, Ltd. (EG) reported revenue of $12.1 billion for fiscal 2022, the year ended 31 December 2022, up 1.6% on the year before. Net income was $597 million, down 56.7%, and diluted earnings per share $15.19. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$12.1 billion
+1.6% on the year
FY2015FY2022
Operating margin
4.9%
13.0% a year earlier
FY2015FY2022
Net income
$597 million
-56.7% on the year
FY2015FY2022
Diluted EPS
$15.19
-56.1% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,695
3,833
2,874
-3.6%
Cash from investing
-3,418
-3,869
-3,683
Cash from financing
-359
674
800
Share-based compensation
45.0
43.0
39.0
+4.7%
Buybacks
61.0
225
200
-72.9%
Dividends paid
255
247
249
+3.4%
Dividend per share
$6.50
$6.20
$6.20
+4.8%
Diluted shares, weighted
39m
39m
n/a
-0.8%
Shares outstanding at period end
70m
70m
70m
+0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
8,441
10,139
9,726
-16.7%
Other liabilities
31,525
28,046
22,985
+12.4%
Total liabilities and equity
39,966
38,185
32,712
+4.7%
Investments
4.0
3.0
1.2
+33.3%
Cash and equivalents
1,398
1,441
802
-3.0%
Other assets
38,564
36,741
31,909
+5.0%
Total assets
39,966
38,185
32,712
+4.7%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.