Evertec, Inc. (EVTC) Financial Statements (2024 and earlier)

Company Profile

Business Address CUPEY CENTER BUILDING
RIO PIEDRAS, 00926
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments197,229266,351202,649111,03069,97350,423
Cash and cash equivalents197,229266,351202,649111,03069,97350,423
Restricted cash and investments18,42819,56618,45620,09116,7739,944
Receivables131,080113,28595,727106,812100,32383,328
Prepaid expense4,9455,0494,3485,7544,7633,416
Other undisclosed current assets37,44732,09937,86632,33124,36121,595
Total current assets:389,129436,350359,046276,018216,193168,706
Noncurrent Assets
Operating lease, right-of-use asset15,91821,22927,538 ✕✕
Net investment in lease, before allowance for credit loss 14107301 ✕✕
Property, plant and equipment56,38748,53343,53843,79136,76337,924
Long-term investments and receivables14,66112,05412,83512,34512,31513,073
Due from related parties✕   57166 
Long-term investments14,66112,05412,83512,28812,14913,073
Intangible assets, net (including goodwill)623,712606,606617,579641,424653,913678,536
Goodwill423,392393,318397,670399,487394,644398,575
Intangible assets, net (excluding goodwill)200,320213,288219,909241,937259,269279,961
Derivative instruments and hedges7,440     
Deferred income tax assets5,7016,9105,730 ✕✕
Other noncurrent assets16,5789,9266,0125,3236,3574,549
Other undisclosed noncurrent assets2,2033,041 32,7751,751 
Total noncurrent assets:742,614708,406713,533735,658711,099734,082
TOTAL ASSETS:1,131,7431,144,7561,072,5791,011,676927,292902,788
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities137,092110,156107,954103,623110,92880,992
Taxes payable✕✕7,1326,5736,2986,6501,406
Accounts payable46,75128,48443,34839,16547,27241,135
Accrued liabilities90,34174,54058,03358,16057,00638,451
Deferred revenue15,22617,39824,958 ✕✕
Debt40,75019,75014,25014,25014,25058,487
Deferred revenue and credits✕✕✕✕✕✕7,737
Due to related parties✕  4,607   
Contract with customer, liability✕✕✕✕20,66811,527✕
Other undisclosed current liabilities15,3425,5801,2235,773  
Total current liabilities:208,410152,884152,992144,314136,705147,216
Noncurrent Liabilities
Long-term debt and lease obligation389,498461,241503,443510,947524,056557,251
Long-term debt, excluding current maturities389,498444,785481,041510,947524,056557,251
Liabilities, other than long-term debt59,08746,97173,71555,85240,97536,525
Deferred revenue and credits✕✕✕✕✕✕23,486
Deferred revenue34,06836,25831,336 ✕✕
Contract with customer, liability✕✕✕✕28,43726,075✕
Deferred income tax liabilities10,1112,3692,748 ✕✕
Other liabilities4,1208,34439,63127,41514,90013,039
Operating lease, liability10,78816,45622,402 ✕✕
Other undisclosed noncurrent liabilities  13,392 28,9409,95013,820
Total noncurrent liabilities:448,585521,604577,158595,739574,981607,596
Total liabilities:656,995674,488730,150740,053711,686754,812
Temporary equity, carrying amount      
Equity
Equity, attributable to parent471,511466,212337,741267,187211,459144,112
Common stock648719721720723723
Additional paid in capital 7,5655,340 5,7835,350
Accumulated other comprehensive income (loss)(16,486)(48,123)(48,254)(30,009)(23,789)(10,848)
Retained earnings487,349506,051379,934296,476228,742148,887
Equity, attributable to noncontrolling interest3,2374,0564,6884,4364,1473,864
Total equity:474,748470,268342,429271,623215,606147,976
TOTAL LIABILITIES AND EQUITY:1,131,7431,144,7561,072,5791,011,676927,292902,788

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues618,409589,796510,588487,374453,869407,144
Revenue, net✕✕✕✕✕✕177,213
Revenue from related parties✕153,335245,613226,074209,053188,060✕
Cost of revenue(423,320)(250,964)(226,063)(212,486)(196,848)(2,929)
Cost of goods and services sold (2,386)(2,610)(4,317)(5,094)(3,422)(1,000)
Gross profit:195,089338,832284,525274,888257,021404,215
Operating expenses(37,689)(142,318)(143,133)(130,386)(131,893)(120,411)
Other undisclosed operating loss      (197,721)
Operating income:157,400196,514141,392144,502125,12886,083
Nonoperating income (expense)110,452(14,809)(17,539)(27,827)(25,963)(25,884)
Loss, foreign currency transaction, before tax(7,645)     
Other nonoperating income (expense)1,1384,3994,897(1,169)2,6022,657
Interest and debt expense(1,311)(22,810)(25,074)(28,811)(2,645)(29,861)
Income from continuing operations before equity method investments, income taxes:266,541158,89598,77987,86496,52030,338
Other undisclosed income from continuing operations before income taxes1,31122,81025,07428,8112,64529,861
Income from continuing operations before income taxes:267,852181,705123,853116,67599,16560,199
Income tax expense(28,983)(20,562)(19,002)(12,975)(12,596)(4,780)
Income from continuing operations:238,869161,143104,851103,70086,56955,419
Income before gain (loss) on sale of properties:✕✕161,143104,851103,70086,56955,419
Net income:238,869161,143104,851103,70086,56955,419
Net income (loss) attributable to noncontrolling interest140(13)(415)(231)(299)(365)
Net income attributable to parent:239,009161,130104,436103,46986,27055,054
Other undisclosed net loss available to common stockholders, basic    (3)(4)(10)
Net income available to common stockholders, diluted:239,009161,130104,436103,46686,26655,044

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:238,869161,143104,851103,70086,56955,419
Other comprehensive income (loss)30,958(514)  (12,941)1,543
Comprehensive income:269,827160,629104,851103,70073,62856,962
Comprehensive income (loss), net of tax, attributable to noncontrolling interest140(13)(415)(231)(299)(365)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent679645(18,245)(6,220)  
Comprehensive income, net of tax, attributable to parent:270,646161,26186,19197,24973,32956,597

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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