EVERTEC, Inc. (EVTC) Financial Statements (2025 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)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 295,600 | 197,229 | 266,351 | 202,649 | 111,030 | 69,973 | |||
| Cash and cash equivalent | 295,600 | 197,229 | 266,351 | 202,649 | 111,030 | 69,973 | |||
| Restricted cash and investments | 23,073 | 18,428 | 19,566 | 18,456 | 20,091 | 16,773 | |||
| Receivables | 126,510 | 131,080 | 113,285 | 95,727 | 106,812 | 100,323 | |||
| Prepaid expense | 9,267 | 4,945 | 5,049 | 4,348 | 5,754 | 4,763 | |||
| Contract with customer, asset, after allowance for credit loss | |||||||||
| Other undisclosed current assets | 106,904 | 37,447 | 32,099 | 37,866 | 32,331 | 24,361 | |||
| Total current assets: | 561,354 | 389,129 | 436,350 | 359,046 | 276,018 | 216,193 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 14,796 | 15,918 | 21,229 | 27,538 | ✕ | ||||
| Net investment in lease, before allowance for credit loss | 14 | 107 | 301 | ✕ | |||||
| Property, plant and equipment | 62,453 | 56,387 | 48,533 | 43,538 | 43,791 | 36,763 | |||
| Long-term investments and receivables | 30,558 | 14,661 | 12,054 | 12,835 | 12,345 | 12,315 | |||
| Due from related parties | ✕ | ✕ | 57 | 166 | |||||
| Long-term investments | 30,558 | 14,661 | 12,054 | 12,835 | 12,288 | 12,149 | |||
| Intangible assets, net (including goodwill) | 1,309,770 | 623,712 | 606,606 | 617,579 | 641,424 | 653,913 | |||
| Goodwill | 791,700 | 423,392 | 393,318 | 397,670 | 399,487 | 394,644 | |||
| Intangible assets, net (excluding goodwill) | 518,070 | 200,320 | 213,288 | 219,909 | 241,937 | 259,269 | |||
| Derivative instruments and hedges | 4,385 | 7,440 | |||||||
| Deferred income tax assets | 47,847 | 5,701 | 6,910 | 5,730 | ✕ | ||||
| Other noncurrent assets | 27,005 | 16,578 | 9,926 | 6,012 | 5,323 | 6,357 | |||
| Other undisclosed noncurrent assets | 2,095 | 2,203 | 3,041 | 32,775 | 1,751 | ||||
| Total noncurrent assets: | 1,498,909 | 742,614 | 708,406 | 713,533 | 735,658 | 711,099 | |||
| TOTAL ASSETS: | 2,060,263 | 1,131,743 | 1,144,756 | 1,072,579 | 1,011,676 | 927,292 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 195,676 | 137,092 | 110,156 | 107,954 | 103,623 | 110,928 | |||
| Taxes payable | ✕ | ✕ | ✕ | 7,132 | 6,573 | 6,298 | 6,650 | ||
| Accounts payable | 66,516 | 46,751 | 28,484 | 43,348 | 39,165 | 47,272 | |||
| Accrued liabilities | 129,160 | 90,341 | 74,540 | 58,033 | 58,160 | 57,006 | |||
| Deferred revenue | 21,055 | 15,226 | 17,398 | 24,958 | ✕ | ||||
| Debt | 23,867 | 40,750 | 19,750 | 14,250 | 14,250 | 14,250 | |||
| Due to related parties | ✕ | ✕ | 4,607 | ||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 20,668 | 11,527 | ||
| Other undisclosed current liabilities | 57,715 | 15,342 | 5,580 | 1,223 | 5,773 | ||||
| Total current liabilities: | 298,313 | 208,410 | 152,884 | 152,992 | 144,314 | 136,705 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 946,816 | 389,498 | 461,241 | 503,443 | 510,947 | 524,056 | |||
| Long-term debt, excluding current maturities | 946,816 | 389,498 | 444,785 | 481,041 | 510,947 | 524,056 | |||
| Liabilities, other than long-term debt | 179,758 | 59,087 | 46,971 | 73,715 | 55,852 | 40,975 | |||
| Deferred revenue | 41,825 | 34,068 | 36,258 | 31,336 | ✕ | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 28,437 | 26,075 | ||
| Deferred income tax liabilities | 87,916 | 10,111 | 2,369 | 2,748 | ✕ | ||||
| Other liabilities | 40,984 | 4,120 | 8,344 | 39,631 | 27,415 | 14,900 | |||
| Operating lease, liability | 9,033 | 10,788 | 16,456 | 22,402 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 13,392 | 28,940 | 9,950 | ||||||
| Total noncurrent liabilities: | 1,126,574 | 448,585 | 521,604 | 577,158 | 595,739 | 574,981 | |||
| Total liabilities: | 1,424,887 | 656,995 | 674,488 | 730,150 | 740,053 | 711,686 | |||
| Temporary equity, including noncontrolling interest | 36,968 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent | 594,293 | 471,511 | 466,212 | 337,741 | 267,187 | 211,459 | |||
| Common stock | 654 | 648 | 719 | 721 | 720 | 723 | |||
| Additional paid in capital | 36,527 | 7,565 | 5,340 | 5,783 | |||||
| Accumulated other comprehensive income (loss) | 18,209 | (16,486) | (48,123) | (48,254) | (30,009) | (23,789) | |||
| Retained earnings | 538,903 | 487,349 | 506,051 | 379,934 | 296,476 | 228,742 | |||
| Equity, attributable to noncontrolling interest | 4,115 | 3,237 | 4,056 | 4,688 | 4,436 | 4,147 | |||
| Total equity: | 598,408 | 474,748 | 470,268 | 342,429 | 271,623 | 215,606 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,060,263 | 1,131,743 | 1,144,756 | 1,072,579 | 1,011,676 | 927,292 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 694,709 | 618,409 | 589,796 | 510,588 | 487,374 | 453,869 | ||
| Revenue from related parties | ✕ | ✕ | 153,335 | 245,613 | 226,074 | 209,053 | 188,060 | |
| Cost of revenue | (335,787) | (423,320) | (250,964) | (226,063) | (212,486) | (196,848) | ||
| Gross profit: | 358,922 | 195,089 | 338,832 | 284,525 | 274,888 | 257,021 | ||
| Operating expenses | (222,762) | (37,689) | (142,318) | (143,133) | (130,386) | (131,893) | ||
| Operating income: | 136,160 | 157,400 | 196,514 | 141,392 | 144,502 | 125,128 | ||
| Nonoperating income (expense) | (50,807) | 110,452 | (14,809) | (17,539) | (27,827) | (25,963) | ||
| Loss, foreign currency transaction, before tax | (32,341) | (7,645) | ||||||
| Other nonoperating income (expense) | 367 | 1,138 | 4,399 | 4,897 | (1,169) | 2,602 | ||
| Interest and debt expense | (1,433) | (1,311) | (22,810) | (25,074) | (28,811) | (2,645) | ||
| Income from continuing operations before equity method investments, income taxes: | 83,920 | 266,541 | 158,895 | 98,779 | 87,864 | 96,520 | ||
| Other undisclosed income from continuing operations before income taxes | 1,433 | 1,311 | 22,810 | 25,074 | 28,811 | 2,645 | ||
| Income from continuing operations before income taxes: | 85,353 | 267,852 | 181,705 | 123,853 | 116,675 | 99,165 | ||
| Income tax expense | (5,477) | (28,983) | (20,562) | (19,002) | (12,975) | (12,596) | ||
| Income from continuing operations: | 79,876 | 238,869 | 161,143 | 104,851 | 103,700 | 86,569 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 161,143 | 104,851 | 103,700 | 86,569 | |
| Net income: | 79,876 | 238,869 | 161,143 | 104,851 | 103,700 | 86,569 | ||
| Net income (loss) attributable to noncontrolling interest | (154) | 140 | (13) | (415) | (231) | (299) | ||
| Net income attributable to parent: | 79,722 | 239,009 | 161,130 | 104,436 | 103,469 | 86,270 | ||
| Other undisclosed net loss available to common stockholders, basic | (3) | (4) | ||||||
| Net income available to common stockholders, diluted: | 79,722 | 239,009 | 161,130 | 104,436 | 103,466 | 86,266 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 79,876 | 238,869 | 161,143 | 104,851 | 103,700 | 86,569 | ||
| Other comprehensive income (loss) | 35,419 | 30,958 | (514) | (12,941) | ||||
| Comprehensive income: | 115,295 | 269,827 | 160,629 | 104,851 | 103,700 | 73,628 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (154) | 140 | (13) | (415) | (231) | (299) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (724) | 679 | 645 | (18,245) | (6,220) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 114,417 | 270,646 | 161,261 | 86,191 | 97,249 | 73,329 | ||
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.