Evertec (EVTC) FY2023 results: revenue $695 million, up 12.3% on the year
Evertec, Inc. (EVTC) reported revenue of $695 million for fiscal 2023, the year ended 31 December 2023, up 12.3% on the year before. Net income was $80 million, down 66.6%, and diluted earnings per share $1.21. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$695 million
+12.3% on the year
FY2016FY2023
Operating margin
19.6%
25.5% a year earlier
FY2016FY2023
Net income
$80 million
-66.6% on the year
FY2016FY2023
Diluted EPS
$1.21
-64.9% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
211
220
228
-4.0%
Capital expenditure
21.5
27.1
25.1
-20.8%
Free cash flow
190
193
203
-1.6%
Free cash flow margin
27.3%
31.2%
34.5%
Cash from investing
-508
-133
-83.8
Cash from financing
416
-153
-81.3
Depreciation and amortisation
21.6
18.5
17.4
+16.8%
Share-based compensation
25.7
20.0
14.8
+28.9%
Buybacks
36.1
96.6
24.4
-62.6%
Dividends paid
13.0
13.8
14.4
-5.4%
Dividend per share
$0.20
$0.20
$0.20
0.0%
Diluted shares, weighted
66m
69m
73m
-5.0%
Shares outstanding at period end
65m
65m
72m
+0.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
594
472
466
+26.0%
Non-controlling interest
4.1
3.2
4.1
+27.1%
Redeemable equity
37.0
0.0
n/a
Short-term borrowings
n/a
n/a
0.0
Debt
998
430
465
+131.9%
Operating lease liabilities
9.0
10.8
16.5
-16.3%
Other liabilities
418
216
193
+93.7%
Total liabilities and equity
2,060
1,132
1,145
+82.0%
Fixed assets
62.5
56.4
48.5
+10.8%
Goodwill
792
423
393
+87.0%
Intangible assets
518
200
213
+158.6%
Securities held for sale or to maturity
2.1
2.2
3.0
-4.9%
Cash and equivalents
296
185
258
+59.5%
Receivables
127
111
113
+13.5%
Other assets
264
153
115
+72.8%
Total assets
2,060
1,132
1,145
+82.0%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.