Evertec (EVTC) FY2017 results: revenue $407 million, up 4.5% on the year
Evertec, Inc. (EVTC) reported revenue of $407 million for fiscal 2017, the year ended 31 December 2017, up 4.5% on the year before. Net income was $55 million, down 26.6%, and diluted earnings per share $0.76. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2018.
Revenue
$407 million
+4.5% on the year
FY2011FY2017
Operating margin
21.1%
27.5% a year earlier
FY2011FY2017
Net income
$55 million
-26.6% on the year
FY2011FY2017
Diluted EPS
$0.76
-24.8% on the year
FY2011FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
407
390
374
+4.5%
Cost of revenue
2.9
2.2
1.7
+34.4%
Gross profit
404
387
372
+4.4%
Gross margin
99.3%
99.4%
99.5%
Selling, general and administrative
56.2
47.0
37.3
+19.5%
Operating income
86.1
107
103
-19.7%
Operating margin
21.1%
27.5%
27.7%
Interest expense
29.9
24.6
24.3
+21.3%
Pre-tax income
60.2
83.4
82.0
-27.8%
Income tax
4.8
8.3
-3.3
-42.2%
Effective tax rate
7.9%
9.9%
-4.1%
Net income
55.1
75.0
85.4
-26.6%
Net margin
13.5%
19.3%
22.9%
Diluted EPS
$0.76
$1.01
$1.11
-24.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
146
168
162
-13.3%
Capital expenditure
11.3
18.4
21.0
-38.8%
Free cash flow
134
150
141
-10.1%
Free cash flow margin
33.0%
38.4%
37.9%
Cash from investing
-76.3
-57.8
-53.1
Cash from financing
-69.2
-90.8
-113
Depreciation and amortisation
14.7
14.2
15.1
+3.5%
Share-based compensation
9.6
6.4
5.2
+50.5%
Buybacks
7.7
39.9
54.9
-80.8%
Dividends paid
21.8
29.7
30.9
-26.7%
Dividend per share
$0.30
$0.40
$0.40
-25.0%
Diluted shares, weighted
73m
74m
77m
-2.2%
Shares outstanding at period end
72m
73m
75m
-0.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
144
105
98.2
+37.7%
Non-controlling interest
3.9
3.5
n/a
+10.4%
Short-term borrowings
12.0
28.0
17.0
-57.1%
Debt
617
651
663
-5.2%
Other liabilities
126
98.7
85.7
+27.7%
Total liabilities and equity
903
886
864
+1.9%
Fixed assets
37.9
38.9
34.1
-2.6%
Goodwill
399
371
368
+7.4%
Intangible assets
280
299
312
-6.4%
Cash and equivalents
50.4
51.9
28.7
-2.9%
Receivables
83.3
77.8
73.7
+7.1%
Other assets
52.6
46.9
46.9
+12.1%
Total assets
903
886
864
+1.9%
10-K for the year ended 31 December 2017, filed 28 February 2018: the filing.