Evertec (EVTC) FY2016 results: revenue $390 million, up 4.3% on the year
Evertec, Inc. (EVTC) reported revenue of $390 million for fiscal 2016, the year ended 31 December 2016, up 4.3% on the year before. Net income was $75 million, down 12.1%, and diluted earnings per share $1.01. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$390 million
+4.3% on the year
FY2011FY2016
Operating margin
27.5%
27.7% a year earlier
FY2011FY2016
Net income
$75 million
-12.1% on the year
FY2011FY2016
Diluted EPS
$1.01
-9.0% on the year
FY2011FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
390
374
361
+4.3%
Cost of revenue
2.2
1.7
1.9
+28.2%
Gross profit
387
372
359
+4.2%
Gross margin
99.4%
99.5%
99.5%
Selling, general and administrative
47.0
37.3
41.3
+26.0%
Operating income
107
103
97.0
+3.7%
Operating margin
27.5%
27.7%
26.9%
Interest expense
24.6
24.3
25.8
+1.4%
Pre-tax income
83.4
82.0
75.1
+1.7%
Income tax
8.3
-3.3
8.9
Effective tax rate
9.9%
-4.1%
11.9%
Net income
75.0
85.4
66.2
-12.1%
Net margin
19.3%
22.9%
18.3%
Diluted EPS
$1.01
$1.11
$0.84
-9.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
168
162
140
+3.5%
Capital expenditure
18.4
21.0
10.9
-12.2%
Free cash flow
150
141
129
+5.8%
Free cash flow margin
38.4%
37.9%
35.7%
Cash from investing
-57.8
-53.1
n/a
Cash from financing
-90.8
-113
n/a
Depreciation and amortisation
14.2
15.1
15.5
-6.0%
Share-based compensation
6.4
5.2
4.6
+23.1%
Buybacks
39.9
54.9
26.2
-27.3%
Dividends paid
29.7
30.9
31.4
-4.0%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
74m
77m
79m
-3.5%
Shares outstanding at period end
73m
75m
78m
-3.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
105
98.2
94.8
+6.6%
Non-controlling interest
3.5
n/a
n/a
Short-term borrowings
28.0
17.0
23.0
+64.7%
Debt
651
663
694
-1.8%
Other liabilities
98.7
85.7
73.6
+15.1%
Total liabilities and equity
886
864
885
+2.5%
Fixed assets
38.9
34.1
29.5
+14.1%
Goodwill
371
368
369
+0.8%
Intangible assets
299
312
335
-4.1%
Cash and equivalents
51.9
28.7
32.1
+80.6%
Receivables
77.8
73.7
70.7
+5.5%
Other assets
46.9
46.9
49.6
+0.1%
Total assets
886
864
885
+2.5%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.