Evertec (EVTC) FY2020 results: revenue $511 million, up 4.8% on the year
Evertec, Inc. (EVTC) reported revenue of $511 million for fiscal 2020, the year ended 31 December 2020, up 4.8% on the year before. Net income was $104 million, up 0.9%, and diluted earnings per share $1.43. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$511 million
+4.8% on the year
FY2013FY2020
Operating margin
27.7%
29.6% a year earlier
FY2013FY2020
Net income
$104 million
+0.9% on the year
FY2013FY2020
Diluted EPS
$1.43
+1.4% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
511
487
454
+4.8%
Selling, general and administrative
70.8
61.4
68.7
+15.3%
Operating income
141
145
125
-2.2%
Operating margin
27.7%
29.6%
27.6%
Interest expense
25.1
28.8
30.0
-13.0%
Pre-tax income
124
117
99.2
+6.2%
Income tax
19.0
13.0
12.6
+46.5%
Effective tax rate
15.3%
11.1%
12.7%
Net income
104
103
86.3
+0.9%
Net margin
20.5%
21.2%
19.0%
Diluted EPS
$1.43
$1.41
$1.16
+1.4%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
199
180
173
+10.6%
Capital expenditure
17.1
23.0
13.9
-25.7%
Free cash flow
182
157
159
+16.0%
Free cash flow margin
35.6%
32.2%
35.0%
Cash from investing
-48.6
-65.3
-41.3
Cash from financing
-62.6
-70.2
-105
Depreciation and amortisation
17.4
16.6
14.5
+4.8%
Share-based compensation
14.3
13.6
12.6
+5.0%
Buybacks
7.3
31.8
10.0
-77.1%
Dividends paid
14.4
14.4
7.3
-0.3%
Dividend per share
$0.20
$0.20
$0.10
0.0%
Diluted shares, weighted
73m
73m
74m
-0.6%
Shares outstanding at period end
72m
72m
72m
+0.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
338
267
211
+26.4%
Non-controlling interest
4.7
4.4
4.1
+5.7%
Short-term borrowings
n/a
n/a
0.0
Debt
497
528
539
-5.8%
Operating lease liabilities
22.4
24.7
0.0
-9.2%
Finance lease liabilities
n/a
0.0
n/a
Other liabilities
211
188
173
+12.4%
Total liabilities and equity
1,073
1,012
927
+6.0%
Fixed assets
43.5
43.8
36.8
-0.6%
Goodwill
398
399
395
-0.5%
Intangible assets
220
242
259
-9.1%
Securities held for sale or to maturity
0.0
n/a
n/a
Cash and equivalents
203
111
70.0
+82.5%
Receivables
95.7
107
100
-10.4%
Other assets
113
109
66.3
+4.1%
Total assets
1,073
1,012
927
+6.0%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.