Evertec (EVTC) FY2022 results: revenue $618 million, up 4.9% on the year
Evertec, Inc. (EVTC) reported revenue of $618 million for fiscal 2022, the year ended 31 December 2022, up 4.9% on the year before. Net income was $239 million, up 48.3%, and diluted earnings per share $3.45. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$618 million
+4.9% on the year
FY2015FY2022
Operating margin
25.5%
33.3% a year earlier
FY2015FY2022
Net income
$239 million
+48.3% on the year
FY2015FY2022
Diluted EPS
$3.45
+56.1% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
220
228
199
-3.7%
Capital expenditure
27.1
25.1
17.1
+7.8%
Free cash flow
193
203
182
-5.2%
Free cash flow margin
31.2%
34.5%
35.6%
Cash from investing
-133
-83.8
-48.6
Cash from financing
-153
-81.3
-62.6
Depreciation and amortisation
18.5
17.4
17.4
+6.3%
Share-based compensation
20.0
14.8
14.3
+34.8%
Buybacks
96.6
24.4
7.3
+296.1%
Dividends paid
13.8
14.4
14.4
-4.4%
Dividend per share
$0.20
$0.20
$0.20
0.0%
Diluted shares, weighted
69m
73m
73m
-4.9%
Shares outstanding at period end
65m
72m
72m
-9.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
472
466
338
+1.1%
Non-controlling interest
3.2
4.1
4.7
-20.2%
Redeemable equity
0.0
n/a
n/a
Short-term borrowings
n/a
0.0
n/a
Debt
430
465
497
-7.5%
Operating lease liabilities
10.8
16.5
22.4
-34.4%
Other liabilities
216
193
211
+12.0%
Total liabilities and equity
1,132
1,145
1,073
-1.1%
Fixed assets
56.4
48.5
43.5
+16.2%
Goodwill
423
393
398
+7.6%
Intangible assets
200
213
220
-6.1%
Securities held for sale or to maturity
2.2
3.0
0.0
-27.6%
Cash and equivalents
185
258
203
-28.1%
Receivables
111
113
95.7
-1.6%
Other assets
153
115
113
+32.3%
Total assets
1,132
1,145
1,073
-1.1%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.