Evertec (EVTC) FY2015 results: revenue $374 million, up 3.4% on the year
Evertec, Inc. (EVTC) reported revenue of $374 million for fiscal 2015, the year ended 31 December 2015, up 3.4% on the year before. Net income was $85 million, up 29.1%, and diluted earnings per share $1.11. The figures are the company's own, from the 10-K it filed with the SEC on 26 May 2016.
Revenue
$374 million
+3.4% on the year
FY2011FY2015
Operating margin
27.7%
26.9% a year earlier
FY2011FY2015
Net income
$85 million
+29.1% on the year
FY2011FY2015
Diluted EPS
$1.11
+32.1% on the year
FY2011FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
374
361
358
+3.4%
Cost of revenue
1.7
1.9
8.4
-12.6%
Gross profit
372
359
350
+3.5%
Gross margin
99.5%
99.5%
97.6%
Selling, general and administrative
37.3
41.3
38.8
-9.7%
Operating income
103
97.0
86.2
+6.6%
Operating margin
27.7%
26.9%
24.1%
Interest expense
24.3
25.8
37.4
-5.8%
Pre-tax income
82.0
75.1
-25.7
+9.2%
Income tax
-3.3
8.9
1.4
Effective tax rate
-4.1%
11.9%
n/a
Net income
85.4
66.2
-27.1
+29.1%
Net margin
22.9%
18.3%
-7.6%
Diluted EPS
$1.11
$0.84
-$0.34
+32.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
162
140
62.6
+16.2%
Capital expenditure
21.0
10.9
11.7
+92.9%
Free cash flow
141
129
50.9
+9.7%
Free cash flow margin
37.9%
35.7%
14.2%
Cash from investing
-53.1
n/a
n/a
Cash from financing
-113
n/a
n/a
Depreciation and amortisation
15.1
15.5
16.2
-2.6%
Share-based compensation
5.2
4.6
6.2
+13.5%
Buybacks
54.9
26.2
75.0
+109.8%
Dividends paid
30.9
31.4
16.4
-1.4%
Dividend per share
$0.40
$0.40
n/a
0.0%
Diluted shares, weighted
77m
79m
79m
-2.2%
Shares outstanding at period end
75m
78m
78m
-3.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
98.2
94.8
88.0
+3.6%
Short-term borrowings
17.0
23.0
51.2
-26.1%
Debt
663
694
736
-4.5%
Other liabilities
85.7
73.6
46.3
+16.5%
Total liabilities and equity
864
885
921
-2.4%
Fixed assets
34.1
29.5
33.2
+15.6%
Goodwill
368
369
373
-0.2%
Intangible assets
312
335
368
-6.7%
Cash and equivalents
28.7
32.1
22.3
-10.5%
Receivables
73.7
70.7
68.4
+4.3%
Other assets
46.9
49.6
56.5
-5.4%
Total assets
864
885
921
-2.4%
10-K for the year ended 31 December 2015, filed 26 May 2016: the filing.