Everest Group (EG) FY2023 results: revenue $14.6 billion, up 21.0% on the year
Everest Group, Ltd. (EG) reported revenue of $14.6 billion for fiscal 2023, the year ended 31 December 2023, up 21.0% on the year before. Net income was $2.5 billion, up 321.6%, and diluted earnings per share $60.19. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$14.6 billion
+21.0% on the year
FY2016FY2023
Operating margin
14.8%
4.9% a year earlier
FY2016FY2023
Net income
$2.5 billion
+321.6% on the year
FY2016FY2023
Diluted EPS
$60.19
+296.2% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
4,553
3,695
3,833
+23.2%
Cash from investing
-5,902
-3,418
-3,869
Cash from financing
1,409
-359
674
Share-based compensation
49.0
45.0
43.0
+8.9%
Buybacks
0.0
61.0
225
Dividends paid
288
255
247
+12.9%
Dividend per share
$6.80
$6.50
$6.20
+4.6%
Diluted shares, weighted
41m
39m
39m
+5.9%
Shares outstanding at period end
74m
70m
70m
+6.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
13,202
8,441
10,139
+56.4%
Other liabilities
36,197
31,525
28,046
+14.8%
Total liabilities and equity
49,399
39,966
38,185
+23.6%
Investments
2.0
4.0
3.0
-50.0%
Cash and equivalents
1,437
1,398
1,441
+2.8%
Other assets
47,960
38,564
36,741
+24.4%
Total assets
49,399
39,966
38,185
+23.6%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.