Evertec, Inc. (EVTC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2031117050522932
Cash and cash equivalents2031117050522932
Restricted cash and investments182017108126
Receivables9610710083787489
Prepaid expense4653355
Deferred tax assets   20
Other undisclosed current assets3832242218142
Total current assets:359276216169158135135
Noncurrent Assets
Operating lease, right-of-use asset28 
Net investment in lease0 
Property, plant and equipment44443738393430
Long-term investments and receivables13121213121212
Long-term investments13121213121212
Due from related parties 00    
Intangible assets, net (including goodwill)618641654679670680703
Goodwill398399395399371368369
Intangible assets, net (excluding goodwill)220242259280299312335
Deferred income tax assets6 
Other noncurrent assets65655911
Deferred tax assets, net  1  
Other undisclosed noncurrent assets 332    
Total noncurrent assets:714736711734727735756
TOTAL ASSETS:1,0731,012927903886870890
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10810411181776051
Accounts payable43394741412123
Accrued liabilities58585738343726
Taxes payable7671212
Deferred revenue25 
Debt14141458484042
Due to related parties5     5
Deferred revenue and credits85310
Deferred tax liabilities    2
Contract with customer, liability2112
Other undisclosed current liabilities16    (5)
Total current liabilities:153144137147129103105
Noncurrent Liabilities
Long-term debt and lease obligation503511524557600626648
Long-term debt, excluding current maturities481511524557600626648
Operating lease, liability22 
Liabilities, other than long-term debt74564137494419
Deferred revenue and credits231711 
Deferred revenue31 
Contract with customer, liability2826
Deferred tax liabilities, net  152116
Deferred income tax liabilities3 
Due to related parties      0
Other liabilities4027151316123
Other undisclosed noncurrent liabilities 291014  (0)
Total noncurrent liabilities:577596575608648669666
Total liabilities:730740712755777772771
Stockholders' equity
Stockholders' equity attributable to parent33826721114410598120
Common stock1111111
Additional paid in capital5 65 1060
Accumulated other comprehensive loss(48)(30)(24)(11)(12)(8)(7)
Retained earnings3802962291491169566
Stockholders' equity attributable to noncontrolling interest54443  
Total stockholders' equity:34227221614810898120
TOTAL LIABILITIES AND EQUITY:1,0731,012927903886870890

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues511487454407390374361
Revenue, net177176169164
Revenue from related parties226209188
Cost of revenue(226)(212)(197)(3)(2)(2)(1)
Cost of goods and services sold(4)(5)(3)(1)   
Gross profit:285275257404387372360
Operating expenses(143)(130)(132)(120)(107)(102)(108)
Other operating income, net
(Other Expenses)
      2
Other undisclosed operating loss   (198)(174)(166)(157)
Operating income:1411451258610710397
Nonoperating expense(18)(28)(26)(26)(24)(21)(22)
Other nonoperating income (expense)5(1)33122
Interest and debt expense(25)(29)(3)(30)(1)(24)(26)
Income from continuing operations before equity method investments, income taxes:99889730825849
Income from equity method investments      1
Other undisclosed income from continuing operations before income taxes252933012425
Income from continuing operations before income taxes:1241179960838275
Income tax expense (benefit)(19)(13)(13)(5)(8)3(8)
Net income:1051048755758568
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)  
Net income attributable to parent:1041038655758568
Other undisclosed net loss available to common stockholders, basic (0)(0)(0)(0)(0) 
Net income available to common stockholders, diluted:1041038655758568

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1051048755758568
Other comprehensive income (loss)  (13)2(5)  
Comprehensive income:1051047457708568
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)  
Other undisclosed comprehensive loss, net of tax, attributable to parent(18)(6)   (1)(7)
Comprehensive income, net of tax, attributable to parent:86977357708461

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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