Evertec (EVTC) FY2019 results: revenue $487 million, up 7.4% on the year
Evertec, Inc. (EVTC) reported revenue of $487 million for fiscal 2019, the year ended 31 December 2019, up 7.4% on the year before. Net income was $103 million, up 19.9%, and diluted earnings per share $1.41. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$487 million
+7.4% on the year
FY2012FY2019
Operating margin
29.6%
27.6% a year earlier
FY2012FY2019
Net income
$103 million
+19.9% on the year
FY2012FY2019
Diluted EPS
$1.41
+21.6% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
487
454
407
+7.4%
Cost of revenue
n/a
n/a
2.9
Gross profit
n/a
n/a
404
Gross margin
n/a
n/a
99.3%
Selling, general and administrative
61.4
68.7
56.2
-10.6%
Operating income
145
125
86.1
+15.5%
Operating margin
29.6%
27.6%
21.1%
Interest expense
28.8
30.0
29.9
-4.1%
Pre-tax income
117
99.2
60.2
+17.7%
Income tax
13.0
12.6
4.8
+3.0%
Effective tax rate
11.1%
12.7%
7.9%
Net income
103
86.3
55.1
+19.9%
Net margin
21.2%
19.0%
13.5%
Diluted EPS
$1.41
$1.16
$0.76
+21.6%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
180
173
146
+4.2%
Capital expenditure
23.0
13.9
11.3
+65.1%
Free cash flow
157
159
134
-1.2%
Free cash flow margin
32.2%
35.0%
33.0%
Cash from investing
-65.3
-41.3
-76.3
Cash from financing
-70.2
-105
-69.2
Depreciation and amortisation
16.6
14.5
14.7
+14.5%
Share-based compensation
13.6
12.6
9.6
+7.8%
Buybacks
31.8
10.0
7.7
+218.2%
Dividends paid
14.4
7.3
21.8
+98.3%
Dividend per share
$0.20
$0.10
$0.30
+100.0%
Diluted shares, weighted
73m
74m
73m
-1.3%
Shares outstanding at period end
72m
72m
72m
-0.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
267
211
144
+26.4%
Non-controlling interest
4.4
4.1
3.9
+7.0%
Short-term borrowings
n/a
0.0
12.0
Debt
528
539
617
-2.0%
Operating lease liabilities
24.7
0.0
n/a
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
188
173
126
+8.5%
Total liabilities and equity
1,012
927
903
+9.1%
Fixed assets
43.8
36.8
37.9
+19.1%
Goodwill
399
395
399
+1.2%
Intangible assets
242
259
280
-6.7%
Cash and equivalents
111
70.0
50.4
+58.7%
Receivables
107
100
83.3
+6.5%
Other assets
109
66.3
52.6
+63.8%
Total assets
1,012
927
903
+9.1%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.