Evertec (EVTC) FY2021 results: revenue $590 million, up 15.5% on the year
Evertec, Inc. (EVTC) reported revenue of $590 million for fiscal 2021, the year ended 31 December 2021, up 15.5% on the year before. Net income was $161 million, up 54.3%, and diluted earnings per share $2.21. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$590 million
+15.5% on the year
FY2014FY2021
Operating margin
33.3%
27.7% a year earlier
FY2014FY2021
Net income
$161 million
+54.3% on the year
FY2014FY2021
Diluted EPS
$2.21
+54.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
228
199
180
+14.7%
Capital expenditure
25.1
17.1
23.0
+47.0%
Free cash flow
203
182
157
+11.7%
Free cash flow margin
34.5%
35.6%
32.2%
Cash from investing
-83.8
-48.6
-65.3
Cash from financing
-81.3
-62.6
-70.2
Depreciation and amortisation
17.4
17.4
16.6
0.0%
Share-based compensation
14.8
14.3
13.6
+3.8%
Buybacks
24.4
7.3
31.8
+234.1%
Dividends paid
14.4
14.4
14.4
+0.2%
Dividend per share
$0.20
$0.20
$0.20
0.0%
Diluted shares, weighted
73m
73m
73m
-0.2%
Shares outstanding at period end
72m
72m
72m
-0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
466
338
267
+38.0%
Non-controlling interest
4.1
4.7
4.4
-13.5%
Short-term borrowings
0.0
n/a
n/a
Debt
465
497
528
-6.3%
Operating lease liabilities
16.5
22.4
24.7
-26.5%
Finance lease liabilities
n/a
n/a
0.0
Other liabilities
193
211
188
-8.6%
Total liabilities and equity
1,145
1,073
1,012
+6.7%
Fixed assets
48.5
43.5
43.8
+11.5%
Goodwill
393
398
399
-1.1%
Intangible assets
213
220
242
-3.0%
Securities held for sale or to maturity
3.0
0.0
n/a
Cash and equivalents
258
203
111
+27.2%
Receivables
113
95.7
107
+18.3%
Other assets
115
113
109
+2.1%
Total assets
1,145
1,073
1,012
+6.7%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.