Evertec, Inc. (EVTC) financial statements (2023 and earlier)

Company profile

Business Address CUPEY CENTER BUILDING
RIO PIEDRAS, 00926
State of Incorp.
Fiscal Year End December 31
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 millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments266 111705052
Cash and cash equivalents266 111705052
Restricted cash and investments20 2017108
Receivables113 1071008378
Prepaid expense5 6533
Other undisclosed current assets32 32242218
Total current assets:436 276216169158
Noncurrent Assets
Operating lease, right-of-use asset21  
Net investment in lease0  
Property, plant and equipment49 44373839
Long-term investments and receivables12 12121312
Long-term investments12 12121312
Due from related parties  00  
Intangible assets, net (including goodwill)607 641654679670
Goodwill393 399395399371
Intangible assets, net (excluding goodwill)213 242259280299
Deferred income tax assets7  
Other noncurrent assets10 5655
Deferred tax assets, net  1
Other undisclosed noncurrent assets3 332  
Total noncurrent assets:708 736711734727
TOTAL ASSETS:1,145 1,012927903886
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities110 1041118177
Accounts payable28 39474141
Accrued liabilities75 58573834
Taxes payable7 6712
Deferred revenue17  
Debt20 14145848
Deferred revenue and credits85
Contract with customer, liability2112
Other undisclosed current liabilities6 6   
Total current liabilities:153 144137147129
Noncurrent Liabilities
Long-term debt and lease obligation461 511524557600
Long-term debt, excluding current maturities445 511524557600
Operating lease, liability16  
Liabilities, other than long-term debt47 56413749
Deferred revenue and credits2317
Deferred revenue36  
Contract with customer, liability2826
Deferred tax liabilities, net  15
Deferred income tax liabilities2  
Other liabilities8 27151316
Other undisclosed noncurrent liabilities13 291014 
Total noncurrent liabilities:522 596575608648
Total liabilities:674 740712755777
Stockholders' equity
Stockholders' equity attributable to parent466 267211144105
Common stock1 1111
Additional paid in capital8  65 
Accumulated other comprehensive loss(48) (30)(24)(11)(12)
Retained earnings506 296229149116
Stockholders' equity attributable to noncontrolling interest4 4443
Total stockholders' equity:470 272216148108
TOTAL LIABILITIES AND EQUITY:1,145 1,012927903886

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues590 487454407390
Revenue, net177176
Revenue from related parties246 209188
Cost of revenue(251) (212)(197)(3)(2)
Cost of goods and services sold(3) (5)(3)(1) 
Gross profit:339 275257404387
Operating expenses(142) (130)(132)(120)(107)
Other undisclosed operating loss    (198)(174)
Operating income:197 14512586107
Nonoperating expense(15) (28)(26)(26)(24)
Other nonoperating income (expense)4 (1)331
Interest and debt expense(23) (29)(3)(30)(1)
Income from continuing operations before equity method investments, income taxes:159 88973082
Other undisclosed income from continuing operations before income taxes23 293301
Income from continuing operations before income taxes:182 117996083
Income tax expense(21) (13)(13)(5)(8)
Net income:161 104875575
Net loss attributable to noncontrolling interest(0) (0)(0)(0)(0)
Net income attributable to parent:161 103865575
Other undisclosed net loss available to common stockholders, basic  (0)(0)(0)(0)
Net income available to common stockholders, diluted:161 103865575

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:161 104875575
Other comprehensive income (loss)(1)  (13)2(5)
Comprehensive income:161 104745770
Comprehensive loss, net of tax, attributable to noncontrolling interest(0) (0)(0)(0)(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1 (6)   
Comprehensive income, net of tax, attributable to parent:161 97735770

Statements sources

The financial statements are based on the company's filings with the 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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