2022 Q3 Form 10-Q Financial Statement

#000131856822000182 Filed on August 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $204.3M $197.2M $175.6M
YoY Change 21.4% 14.28% 26.24%
Cost Of Revenue $43.80M $43.23M $31.83M
YoY Change 59.54% 39.69% 47.35%
Gross Profit $160.5M $154.0M $143.8M
YoY Change 13.97% 8.72% 22.37%
Gross Profit Margin 78.56% 78.08% 81.88%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $16.80M $14.06M $12.52M
YoY Change 75.07% 60.44% 48.81%
% of Gross Profit 10.47% 9.13% 8.71%
Depreciation & Amortization $17.40M $15.70M $15.22M
YoY Change 20.0% -1.26% -5.92%
% of Gross Profit 10.84% 10.2% 10.59%
Operating Expenses $16.80M $14.06M $12.52M
YoY Change 75.07% 60.44% 48.81%
Operating Profit $54.62M $54.55M $52.59M
YoY Change -0.83% 0.29% 30.84%
Interest Expense -$14.88M -$12.29M -$11.35M
YoY Change 4.37% -30.78% -38.56%
% of Operating Profit -27.24% -22.54% -21.58%
Other Income/Expense, Net -$14.88M -$12.29M -$11.35M
YoY Change -69.41% -30.78% -38.56%
Pretax Income $39.74M $42.26M $41.24M
YoY Change 518.3% 15.36% 89.86%
Income Tax $10.33M $9.734M $9.721M
% Of Pretax Income 25.99% 23.04% 23.57%
Net Earnings $29.41M $32.52M $31.52M
YoY Change 335.95% -10.2% 53.51%
Net Earnings / Revenue 14.39% 16.49% 17.95%
Basic Earnings Per Share $0.33 $0.35 $0.34
Diluted Earnings Per Share $0.30 $0.33 $0.31
COMMON SHARES
Basic Shares Outstanding 89.85M shares 91.71M shares 91.41M shares
Diluted Shares Outstanding 96.44M shares 98.71M shares 101.5M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $272.0M $251.7M $277.5M
YoY Change 22.92% -27.31% -18.41%
Cash & Equivalents $258.6M $238.1M $269.4M
Short-Term Investments
Other Short-Term Assets $2.205M $2.323M $2.482M
YoY Change -18.81% 38.6% 93.6%
Inventory $55.89M $49.16M $45.70M
Prepaid Expenses $22.63M $21.60M $15.74M
Receivables $193.7M $167.9M $173.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $547.2M $494.1M $516.4M
YoY Change 30.83% -8.92% 1.1%
LONG-TERM ASSETS
Property, Plant & Equipment $130.5M $127.1M $119.3M
YoY Change 13.57% 12.25% 8.54%
Goodwill $707.2M $707.3M $695.4M
YoY Change 3.7% 3.71% 1.96%
Intangibles $230.9M $236.1M $221.7M
YoY Change 6.6% 21.03% 9.18%
Long-Term Investments
YoY Change
Other Assets $28.66M $28.95M $24.45M
YoY Change 42.0% 50.39% 23.43%
Total Long-Term Assets $1.122B $1.130B $1.100B
YoY Change 7.11% 10.44% 6.86%
TOTAL ASSETS
Total Short-Term Assets $547.2M $494.1M $516.4M
Total Long-Term Assets $1.122B $1.130B $1.100B
Total Assets $1.670B $1.624B $1.616B
YoY Change 13.88% 3.74% 4.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.34M $36.01M $47.18M
YoY Change 28.48% 76.54% -40.99%
Accrued Expenses $43.18M $41.65M $33.42M
YoY Change 7.4% 30.52% 12.89%
Deferred Revenue $44.46M $48.57M $38.88M
YoY Change 21.8% 58.24% 39.41%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M $6.000M $6.000M
YoY Change 0.0% 380.0% 380.0%
Total Short-Term Liabilities $447.9M $418.4M $407.0M
YoY Change 17.0% 22.36% 14.15%
LONG-TERM LIABILITIES
Long-Term Debt $972.9M $973.8M $974.6M
YoY Change -0.36% -13.8% -13.66%
Other Long-Term Liabilities $29.67M $29.22M $22.62M
YoY Change 108.2% 87.19% 40.52%
Total Long-Term Liabilities $1.003B $1.003B $997.3M
YoY Change -0.75% -13.99% -14.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $447.9M $418.4M $407.0M
Total Long-Term Liabilities $1.003B $1.003B $997.3M
Total Liabilities $1.451B $1.421B $1.404B
YoY Change 4.13% -5.75% -7.75%
SHAREHOLDERS EQUITY
Retained Earnings -$48.30M -$77.71M -$110.2M
YoY Change -79.1% -67.33% -59.78%
Common Stock $522.5M $516.9M $511.4M
YoY Change 5.95% 6.83% 8.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $218.7M $202.6M $211.7M
YoY Change
Total Liabilities & Shareholders Equity $1.670B $1.624B $1.616B
YoY Change 13.88% 3.74% 4.95%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $29.41M $32.52M $31.52M
YoY Change 335.95% -10.2% 53.51%
Depreciation, Depletion And Amortization $17.40M $15.70M $15.22M
YoY Change 20.0% -1.26% -5.92%
Cash From Operating Activities $72.68M $68.96M $5.274M
YoY Change -9.13% 32.83% -95.27%
INVESTING ACTIVITIES
Capital Expenditures -$32.18M -$36.41M -$23.64M
YoY Change 33.79% 24.53% 18.2%
Acquisitions $13.32M
YoY Change 33.18%
Other Investing Activities $48.00K -$20.47M -$13.26M
YoY Change -75.51% 302.85% 33.95%
Cash From Investing Activities -$32.13M -$56.87M -$36.90M
YoY Change 34.68% 66.23% 23.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $400.0K
YoY Change 131.21%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.92M -42.96M -$1.201M
YoY Change -88.95% 251.87% -166.76%
NET CHANGE
Cash From Operating Activities 72.68M 68.96M $5.274M
Cash From Investing Activities -32.13M -56.87M -$36.90M
Cash From Financing Activities -19.92M -42.96M -$1.201M
Net Change In Cash 20.63M -30.87M -$32.69M
YoY Change -116.62% -661.94% -139.23%
FREE CASH FLOW
Cash From Operating Activities $72.68M $68.96M $5.274M
Capital Expenditures -$32.18M -$36.41M -$23.64M
Free Cash Flow $104.9M $105.4M $28.91M
YoY Change 0.79% 29.84% -78.03%

Facts In Submission

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us-gaap Nature Of Operations
NatureOfOperations
BUSINESS<div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Everi Holdings Inc. (“Everi Holdings,” or “Everi”) is a holding company, the assets of which are the issued and outstanding shares of capital stock of each of Everi Payments Inc. (“Everi FinTech” or “FinTech”) and Everi Games Holding Inc., which owns all of the issued and outstanding shares of capital stock of Everi Games Inc. (“Everi Games” or “Games”). Unless otherwise indicated, the terms the “Company,” “we,” “us,” and “our” refer to Everi Holdings together with its consolidated subsidiaries.</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Everi is a supplier of entertainment and technology solutions for the casino and digital gaming industry. The Company develops game content and gaming machines, gaming systems and services for land-based and iGaming operators. The Company is also a provider of financial technology solutions that power the casino floor, including products and services that facilitate cash and cashless financial transactions, self-service player loyalty tools and applications, and regulatory and intelligence software.</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Everi reports its financial performance, and organizes and manages its operations, across the following two business segments: (i) Games and (ii) Financial Technology Solutions (“FinTech”). </span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Everi Games provides gaming operators with gaming technology and entertainment products and services, including: (i) gaming machines, primarily comprising Class II, Class III and Historic Horse Racing (“HHR”) slot machines placed under participation or fixed-fee lease arrangements or sold to casino customers; (ii) providing and maintaining the central determinant systems for the video lottery terminals (“VLTs”) installed in the State of New York and similar technology in certain tribal jurisdictions; and (iii) business-to-business (“B2B”) </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">digital online gaming activities.</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Everi FinTech provides gaming operators with financial technology products and services, including: (i) financial access and related services supporting digital, cashless and physical cash options across mobile, assisted and self-service channels; (ii) loyalty and marketing software and tools, regulatory and compliance (“RegTech”) software solutions, other information-related products and services, and hardware maintenance services; and (iii) associated casino patron self-service hardware that utilizes our financial access, software and other services. Our services operate as part of an end-to-end security suite to protect against cyber-related attacks and maintain the necessary secured environments to maintain compliance with applicable regulatory requirements. These solutions include: access to cash and cashless funding at gaming facilities via Automated Teller Machine (“ATM”) debit withdrawals, credit card financial access transactions, and point of sale (“POS”) debit card purchases at casino cages, kiosk and mobile POS devices; accounts for the CashClub Wallet, check warranty services, self-service loyalty and fully integrated kiosk maintenance services; self-service loyalty tools and promotion management software; compliance, audit, and data software; casino credit data and reporting services; marketing and promotional offering subscription-based services; and other ancillary offerings. </span></div><div style="text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Impact of the Coronavirus Disease 2019 (“COVID-19”) Pandemic</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The COVID-19 pandemic negatively impacted the global economy, disrupted global supply chains, and created significant volatility in the financial markets. Initially, it lowered equity market valuations and raised the cost of borrowing funds, increased unemployment levels, and caused temporary, and in certain cases, permanent closures of many businesses. The gaming industry was not immune to these factors as our casino customers closed their gaming establishments in the first quarter of 2020. As the initial impacts from the COVID-19 pandemic subsided, most of our casino customers began to reopen their operations over the remainder of 2020 and throughout 2021. While some of our customers’ locations have permanently ceased operations, nearly all of our customer base has resumed operations as of June 30, 2022. In addition, the impacts of employment constraints and supply chain disruptions continue to challenge our customers and us.</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Since the onset of COVID-19, we have implemented measures to mitigate our exposure throughout the global pandemic. While many pandemic impacts have subsided, further uncertainty still challenges our customers and us as a result of COVID-19 and the resurgence of its variants. We continue to evaluate our business strategies and monitor the impacts of the global pandemic, employment constraints and supply chain disruptions on our results of operations and financial condition, and make adjustments to our business, accordingly. </span></div>Our revenues for the second quarter of 2022 exceeded the second quarter of 2021. While gaming industry conditions have improved significantly compared to 2020, it is unclear if customer capital allocations will return and remain at pre-COVID levels. With macro-economic and pandemic-related challenges still in effect, we expect that demand and supply for our products and services could be tempered in the short-term, to the extent gaming activity decreases at our customers’ locations, or fails to increase at expected rates, and to the extent our customers decide to continue to restrict their capital spending as a result of uncertainty in the industry, or that supply chain disruptions might impact customer deliveries or otherwise.The impact of the COVID-19 pandemic also exacerbates the risks disclosed in our Annual Report on Form 10-K for the year ended December 31, 2021 (the “Annual Report”), including, but not limited to: our ability to generate revenues and, earn profits, our ability to service existing and attract new customers and maintain our overall competitiveness in the market; the potential for significant fluctuations in demand for our products and services; overall trends in the gaming industry impacting our business, and potential volatility in our stock price
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P3Y6M7D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0468
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0504
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1467000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1456000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2829000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2916000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
364000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
385000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
643000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
635000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
4275000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3462000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7019000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6420000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5641000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2137000 usd
CY2022Q2 evri Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
967000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
25646000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2210000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
23436000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6268000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17168000 usd
us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
0 usd
us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
0 usd
CY2022Q2 us-gaap Net Investment In Lease Current
NetInvestmentInLeaseCurrent
801000 usd
CY2021Q4 us-gaap Net Investment In Lease Current
NetInvestmentInLeaseCurrent
1331000 usd
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2 business
CY2021Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
1331000 usd
CY2022Q2 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
129723000 usd
CY2021Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
118804000 usd
CY2022Q2 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
4972000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
5294000 usd
CY2022Q2 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
20997000 usd
CY2021Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
13982000 usd
CY2022Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
108726000 usd
CY2021Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
104822000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
5161000 usd
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
3689000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
3806000 usd
evri Financing Receivable Allowance For Credit Loss Writeoff And Recoveries
FinancingReceivableAllowanceForCreditLossWriteoffAndRecoveries
4152000 usd
evri Financing Receivable Allowance For Credit Loss Writeoff And Recoveries
FinancingReceivableAllowanceForCreditLossWriteoffAndRecoveries
2705000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
5284000 usd
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
4790000 usd
CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2412000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2422000 usd
CY2022Q2 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
36572000 usd
CY2021Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
22490000 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
4081000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
554000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
8510000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6189000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
49163000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
29233000 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
21601000 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
14389000 usd
CY2022Q2 us-gaap Deposits Assets Current
DepositsAssetsCurrent
13602000 usd
CY2021Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
7709000 usd
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
1369000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1616000 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
2323000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3585000 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
38895000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
27299000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19044000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12692000 usd
CY2022Q2 evri Prepaid Expense And Deposits Non Current
PrepaidExpenseAndDepositsNonCurrent
8042000 usd
CY2021Q4 evri Prepaid Expense And Deposits Non Current
PrepaidExpenseAndDepositsNonCurrent
4789000 usd
CY2022Q2 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
1568000 usd
CY2021Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
1760000 usd
CY2022Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
291000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
418000 usd
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
28945000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
19659000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
389138000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
262007000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
127131000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
362919000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
242926000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
119993000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
15700000 usd
us-gaap Depreciation
Depreciation
30900000 usd
CY2021Q2 us-gaap Depreciation
Depreciation
15900000 usd
us-gaap Depreciation
Depreciation
32100000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
707300000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
682700000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
777757000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
541645000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
236112000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
724931000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
510337000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
214594000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14600000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
28300000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14400000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29100000 usd
CY2021Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
10922000 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
0 usd
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
9302000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
9273000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6268000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5663000 usd
CY2022Q2 evri Customer Commissions Payable
CustomerCommissionsPayable
59525000 usd
CY2021Q4 evri Customer Commissions Payable
CustomerCommissionsPayable
57515000 usd
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
48569000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
36238000 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
36006000 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
25453000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
20678000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
29125000 usd
CY2022Q2 evri Processing And Related Expenses Current
ProcessingAndRelatedExpensesCurrent
5402000 usd
CY2021Q4 evri Processing And Related Expenses Current
ProcessingAndRelatedExpensesCurrent
3619000 usd
CY2022Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
4027000 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2756000 usd
CY2022Q2 evri Accrued Liabilities Repurchase Of Shares Current
AccruedLiabilitiesRepurchaseOfSharesCurrent
3039000 usd
CY2021Q4 evri Accrued Liabilities Repurchase Of Shares Current
AccruedLiabilitiesRepurchaseOfSharesCurrent
0 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4462000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4291000 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
208200000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
173933000 usd
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
500000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021Q4 us-gaap Assets
Assets
1635650000 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
995500000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
998500000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
15740000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
16975000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
979760000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
981525000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
6000000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6000000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
973760000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
975525000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 usd
us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P18M
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
90800000 shares
CY2022Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
28300000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2000000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
16.68
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
33300000 usd
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 usd
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
116700000 usd
CY2021Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2022Q2 us-gaap Assets
Assets
1624003000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91710000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88722000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91560000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87858000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6996000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
11308000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7689000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
11146000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98706000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100030000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99249000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99004000 shares
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.230
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.233
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.011
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.027
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2200000 usd

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