2023 Q2 Form 10-Q Financial Statement

#000131856823000110 Filed on May 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $208.7M $200.5M
YoY Change 5.83% 14.15%
Cost Of Revenue $43.72M $39.83M
YoY Change 1.13% 25.13%
Gross Profit $165.0M $160.6M
YoY Change 7.15% 11.72%
Gross Profit Margin 79.05% 80.13%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $16.64M $16.10M
YoY Change 18.29% 28.57%
% of Gross Profit 10.08% 10.02%
Depreciation & Amortization $19.50M $18.95M
YoY Change 24.2% 24.5%
% of Gross Profit 11.82% 11.8%
Operating Expenses $16.64M $16.10M
YoY Change 18.29% 28.57%
Operating Profit $53.27M $52.05M
YoY Change -2.34% -1.04%
Interest Expense -$20.14M -$17.97M
YoY Change 63.79% 58.35%
% of Operating Profit -37.8% -34.53%
Other Income/Expense, Net -$20.14M -$17.97M
YoY Change 63.79% 58.35%
Pretax Income $33.14M $34.08M
YoY Change -21.58% -17.38%
Income Tax $5.740M $6.010M
% Of Pretax Income 17.32% 17.64%
Net Earnings $27.40M $28.07M
YoY Change -15.76% -10.96%
Net Earnings / Revenue 13.13% 14.0%
Basic Earnings Per Share $0.31 $0.32
Diluted Earnings Per Share $0.29 $0.30
COMMON SHARES
Basic Shares Outstanding 89.04M shares 88.45M shares
Diluted Shares Outstanding 93.47M shares 94.78M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $210.6M $293.2M
YoY Change -16.33% 5.66%
Cash & Equivalents $210.6M $293.2M
Short-Term Investments
Other Short-Term Assets $43.30M $40.46M
YoY Change 1763.97% 1530.18%
Inventory $74.40M $68.61M
Prepaid Expenses
Receivables $200.5M $203.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $528.8M $605.3M
YoY Change 7.03% 17.22%
LONG-TERM ASSETS
Property, Plant & Equipment $133.5M $132.3M
YoY Change 4.99% 10.88%
Goodwill $740.3M $717.7M
YoY Change 4.67% 3.21%
Intangibles $255.4M $233.5M
YoY Change 8.17% 5.29%
Long-Term Investments
YoY Change
Other Assets $25.22M $25.97M
YoY Change -12.88% 6.21%
Total Long-Term Assets $1.183B $1.138B
YoY Change 4.72% 3.51%
TOTAL ASSETS
Total Short-Term Assets $528.8M $605.3M
Total Long-Term Assets $1.183B $1.138B
Total Assets $1.712B $1.744B
YoY Change 5.42% 7.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $459.1M $475.0M
YoY Change 1175.07% 906.59%
Accrued Expenses $6.500M $6.489M
YoY Change -84.39% -80.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.000M $1.500M
YoY Change -50.0% -75.0%
Total Short-Term Liabilities $468.6M $482.9M
YoY Change 11.99% 18.65%
LONG-TERM LIABILITIES
Long-Term Debt $970.2M $971.1M
YoY Change -0.36% -0.36%
Other Long-Term Liabilities $18.10M $25.88M
YoY Change -38.05% 14.4%
Total Long-Term Liabilities $1.001B $1.005B
YoY Change -0.16% 0.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $468.6M $482.9M
Total Long-Term Liabilities $1.001B $1.005B
Total Liabilities $1.470B $1.488B
YoY Change 3.42% 5.98%
SHAREHOLDERS EQUITY
Retained Earnings $34.20M $6.800M
YoY Change -144.0% -106.17%
Common Stock $544.8M $537.6M
YoY Change 5.4% 5.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $242.2M $255.2M
YoY Change
Total Liabilities & Shareholders Equity $1.712B $1.744B
YoY Change 5.42% 7.89%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $27.40M $28.07M
YoY Change -15.76% -10.96%
Depreciation, Depletion And Amortization $19.50M $18.95M
YoY Change 24.2% 24.5%
Cash From Operating Activities $64.49M $31.71M
YoY Change -6.48% 501.21%
INVESTING ACTIVITIES
Capital Expenditures $30.21M $29.82M
YoY Change -182.99% -226.15%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$59.12M $67.00K
YoY Change 188.81% -100.51%
Cash From Investing Activities -$89.33M -$29.75M
YoY Change 57.07% -19.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.22M -$1.147M
YoY Change 30.87% -4.5%
NET CHANGE
Cash From Operating Activities 64.49M $31.71M
Cash From Investing Activities -89.33M -$29.75M
Cash From Financing Activities -56.22M -$1.147M
Net Change In Cash -81.06M $640.0K
YoY Change 162.56% -101.96%
FREE CASH FLOW
Cash From Operating Activities $64.49M $31.71M
Capital Expenditures $30.21M $29.82M
Free Cash Flow $34.28M $1.887M
YoY Change -67.47% -93.47%

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CY2022Q1 evri Increase Decrease In Settlement Receivables
IncreaseDecreaseInSettlementReceivables
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CY2023Q1 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
87000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
6123000 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10937000 usd
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
11069000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
271000 usd
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6812000 usd
CY2023Q1 evri Increase Decrease In Settlement Liabilities
IncreaseDecreaseInSettlementLiabilities
-193698000 usd
CY2022Q1 evri Increase Decrease In Settlement Liabilities
IncreaseDecreaseInSettlementLiabilities
-83427000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-15247000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2978000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
31708000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5274000 usd
CY2023Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
29821000 usd
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
23639000 usd
CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
13318000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
67000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
57000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
303726000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-36900000 usd
CY2023Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
6000000 usd
CY2022Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1500000 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5233000 usd
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
699000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
333000 usd
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
400000 usd
CY2023Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
47000 usd
CY2022Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
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0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1147000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-167000 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
136000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
640000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
295063000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
295703000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
271035000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
25051000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
14439000 usd
CY2023Q1 evri Income Taxes Paid Refunded Net
IncomeTaxesPaidRefundedNet
465000 usd
CY2022Q1 evri Income Taxes Paid Refunded Net
IncomeTaxesPaidRefundedNet
-41000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2551000 usd
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2987000 usd
CY2023Q1 evri Transfer Of Leased Gaming Equipment To Inventory
TransferOfLeasedGamingEquipmentToInventory
1809000 usd
CY2022Q1 evri Transfer Of Leased Gaming Equipment To Inventory
TransferOfLeasedGamingEquipmentToInventory
1358000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
217641000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
28066000 usd
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-186000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4825000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5234000 usd
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
333000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
255247000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
174500000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
31522000 usd
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
580000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4811000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
699000 usd
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
400000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
211712000 usd
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
BUSINESS<div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Calibri',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:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Everi develops and offers products and services that provide gaming entertainment, improve our customers’ patron engagement, and help our casino customers operate their businesses more efficiently. We develop and supply entertaining game content, gaming machines and gaming systems and services for land-based and iGaming operators. Everi is a provider of financial technology solutions that power casino floors, provide operational efficiencies, and help fulfill regulatory requirements. The Company also develops and supplies player loyalty tools and mobile-first applications that enhance patron engagement for our customers and venues in the casino, sports, entertainment and hospitality industries.</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Calibri',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:'Calibri',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:'Calibri',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:'Calibri',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. We also develop and offer mobile-first applications aimed at enhancing patron engagement for customers in the casino, sports, entertainment, and hospitality industries. Our solutions are secured using an end-to-end security suite to protect against cyber-related attacks, allowing us to maintain appropriate levels of security. 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:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Impact of COVID-19, Macro-Economic Volatility and Global Instability, Employment Constraints and Supply Chain Disruptions</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We continue to monitor the remaining effects of COVID-19 and believe we are prepared to respond appropriately to the</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">extent additional variants surface that disrupt our business.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have experienced an impact from macro-economic volatility as a result of inflation, interest rate movements and global instability, particularly as it relates to our supply chain, both from an upstream and downstream perspective, which impacts the delivery of our products; and we continue to evaluate the effects of interest rate movements on our variable rate debt and pricing pressures on our business.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have experienced an impact from employment constraints as a result of inflation that has significantly increased over prior years. Thi</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">s has placed pressure on competitive wages, which has led to increases in wages and other related costs.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have experienced an impact from supply chain disruptions that have resulted in additional costs incurred to develop, produce, and ship our products.</span></div>
CY2023Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2023Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
2395000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1568000 usd
CY2023Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
101000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
101000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
295703000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
295063000 usd
CY2023Q1 evri Trade And Loans Receivable Contractual Terms
TradeAndLoansReceivableContractualTerms
P12M
CY2022 evri Trade And Loans Receivable Contractual Terms
TradeAndLoansReceivableContractualTerms
P12M
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassification of Balances</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts in the accompanying consolidated financial statements and accompanying notes have been reclassified to be consistent with the current year presentation. These reclassifications h</span><span style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ad no effect on net </span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">income</span><span style="background-color:#ffffff;color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for the prior periods.</span></div>
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
22417000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
15221000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
22342000 usd
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
14514000 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-75000 usd
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-707000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
53419000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
36615000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
51705000 usd
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
39090000 usd
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1714000 usd
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2475000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
18200000 usd
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
12700000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15921000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17169000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6489000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6507000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
13205000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
14738000 usd
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1712000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1668000 usd
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
372000 usd
CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
409000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
86000 usd
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5947000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6732000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5852000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M1D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M13D
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0473
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0472
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1477000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1362000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
319000 usd
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
279000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5533000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2137000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
608000 usd
CY2023Q1 evri Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
359000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
21221000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1527000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
19694000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6489000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
13205000 usd
CY2023Q1 us-gaap Lessee Operating Lease Lease Not Yet Commenced Term Of Contract1
LesseeOperatingLeaseLeaseNotYetCommencedTermOfContract1
P10Y
CY2023Q1 evri Lessee Operating Lease Lease Not Yet Commenced Liability
LesseeOperatingLeaseLeaseNotYetCommencedLiability
27300000 usd
CY2022 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
3 business
CY2023Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
22342000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
22417000 usd
CY2023Q1 us-gaap Other Receivables
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4066000 usd
CY2022Q4 us-gaap Other Receivables
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6110000 usd
CY2023Q1 us-gaap Accounts And Notes Receivable Net
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143548000 usd
CY2022Q4 us-gaap Accounts And Notes Receivable Net
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146652000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net Noncurrent
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CY2022Q4 us-gaap Contract With Customer Asset Net Noncurrent
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9856000 usd
CY2023Q1 us-gaap Accounts Receivable Net Noncurrent
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28305000 usd
CY2022Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
27757000 usd
CY2023Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
115243000 usd
CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
118895000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
4855000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
715900000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
5161000 usd
CY2023Q1 us-gaap Provision For Loan Losses Expensed
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3078000 usd
CY2022Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1947000 usd
CY2023Q1 evri Financing Receivable Allowance For Credit Loss Writeoff And Recoveries
FinancingReceivableAllowanceForCreditLossWriteoffAndRecoveries
2738000 usd
CY2022Q1 evri Financing Receivable Allowance For Credit Loss Writeoff And Recoveries
FinancingReceivableAllowanceForCreditLossWriteoffAndRecoveries
2085000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
5195000 usd
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
5023000 usd
CY2023Q1 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
58781000 usd
CY2022Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
48688000 usd
CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
4073000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
323000 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
5754000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
9339000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
68608000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
58350000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
425581000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
293309000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
132272000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
415256000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
281611000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
133645000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
18900000 usd
CY2022Q1 us-gaap Depreciation
Depreciation
15200000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
717700000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
824389000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
590914000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
233475000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
813241000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
574966000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
238275000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14400000 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13600000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
986500000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
992500000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
13888000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
14505000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
972612000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
977995000 usd
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
1500000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6000000 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
971112000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
971995000 usd
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 usd
CY2023Q1 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P18M
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
88800000 shares
CY2023Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
31400000 shares
CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2023Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 usd
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
65700000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88355000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91408000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6426000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
10063000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94781000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101471000 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.176
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.236
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2600000 usd
CY2023Q1 us-gaap Assets
Assets
1743570000 usd
CY2022Q4 us-gaap Assets
Assets
1918243000 usd
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
88800000 shares
CY2023Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
31400000 shares

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