$EVTC
Evertec Inc

2015 Q4 Form 10-Q Financial Statement

#000119312515370092 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $96.20M $92.94M $88.88M
YoY Change 2.23% 4.57% 1.68%
Cost Of Revenue $42.60M $389.0K $132.0K
YoY Change 1.91% 194.7% -91.59%
Gross Profit $53.50M $92.55M $88.75M
YoY Change 2.1% 4.29% 3.38%
Gross Profit Margin 55.61% 99.58% 99.85%
Selling, General & Admin $10.20M $10.39M $7.104M
YoY Change -34.62% 46.28% -20.98%
% of Gross Profit 19.07% 11.23% 8.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.20M $3.900M $3.800M
YoY Change -7.88% 2.63% -7.32%
% of Gross Profit 28.41% 4.21% 4.28%
Operating Expenses $25.40M $10.39M $7.104M
YoY Change -20.87% 46.28% -20.98%
Operating Profit $28.10M $21.47M $26.46M
YoY Change 38.42% -18.84% 21.02%
Interest Expense -$5.800M $6.003M $6.370M
YoY Change 1.75% -5.76% -0.52%
% of Operating Profit -20.64% 27.95% 24.07%
Other Income/Expense, Net $900.0K -$5.485M -$6.287M
YoY Change 350.0% -12.76% 10.24%
Pretax Income $23.20M $15.99M $20.17M
YoY Change 56.76% -20.74% 24.83%
Income Tax -$9.400M -$9.347M $1.082M
% Of Pretax Income -40.52% -58.46% 5.36%
Net Earnings $32.60M $25.34M $19.09M
YoY Change 193.69% 32.71% 28.97%
Net Earnings / Revenue 33.89% 27.26% 21.48%
Basic Earnings Per Share $0.33 $0.24
Diluted Earnings Per Share $428.9K $0.33 $0.24
COMMON SHARES
Basic Shares Outstanding 76.11M shares 77.16M shares 78.67M shares
Diluted Shares Outstanding 77.29M shares 79.22M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.70M $40.40M $29.20M
YoY Change -10.59% 38.36% 4.29%
Cash & Equivalents $28.75M $40.40M $29.23M
Short-Term Investments
Other Short-Term Assets $32.30M $41.20M $31.40M
YoY Change 22.35% 31.21% 15.02%
Inventory
Prepaid Expenses
Receivables $73.72M $68.43M $68.97M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $134.7M $150.0M $129.6M
YoY Change 4.32% 15.79% 4.09%
LONG-TERM ASSETS
Property, Plant & Equipment $34.13M $33.28M $29.48M
YoY Change 15.55% 12.89% -7.85%
Goodwill $368.1M $368.5M $369.3M
YoY Change -0.19% -0.21% -1.05%
Intangibles
YoY Change
Long-Term Investments $12.26M $12.28M $11.49M
YoY Change 4.32% 6.87% 6.14%
Other Assets $2.347M $9.078M $12.34M
YoY Change -79.44% -26.4% -37.25%
Total Long-Term Assets $728.9M $732.9M $760.9M
YoY Change -3.6% -3.68% -6.18%
TOTAL ASSETS
Total Short-Term Assets $134.7M $150.0M $129.6M
Total Long-Term Assets $728.9M $732.9M $760.9M
Total Assets $863.7M $882.9M $890.4M
YoY Change -2.45% -0.85% -4.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.22M $22.42M $14.75M
YoY Change 19.51% 52.0% -1.1%
Accrued Expenses $37.31M $32.92M $26.02M
YoY Change 43.21% 26.49% -9.57%
Deferred Revenue
YoY Change
Short-Term Debt $17.00M $18.00M $8.000M
YoY Change -26.09% 125.0% 30.46%
Long-Term Debt Due $22.75M $20.88M $19.00M
YoY Change 19.74% 9.87% 0.0%
Total Short-Term Liabilities $102.5M $106.0M $78.93M
YoY Change 12.57% 34.23% 7.37%
LONG-TERM LIABILITIES
Long-Term Debt $619.3M $632.1M $652.1M
YoY Change -4.37% -3.06% -2.7%
Other Long-Term Liabilities $12.09M $2.695M $238.0K
YoY Change -40.92% 1032.35% -28.53%
Total Long-Term Liabilities $631.4M $634.8M $652.3M
YoY Change -5.49% -2.68% -2.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $102.5M $106.0M $78.93M
Total Long-Term Liabilities $631.4M $634.8M $652.3M
Total Liabilities $765.4M $764.6M $751.6M
YoY Change -3.17% 1.74% -1.24%
SHAREHOLDERS EQUITY
Retained Earnings $95.33M $95.04M $60.92M
YoY Change 133.4% 55.99% 246.91%
Common Stock $750.0K $762.0K $787.0K
YoY Change -3.72% -3.18% -3.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $98.21M $118.3M $138.9M
YoY Change
Total Liabilities & Shareholders Equity $863.7M $882.9M $890.4M
YoY Change -2.45% -0.85% -4.81%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $32.60M $25.34M $19.09M
YoY Change 193.69% 32.71% 28.97%
Depreciation, Depletion And Amortization $15.20M $3.900M $3.800M
YoY Change -7.88% 2.63% -7.32%
Cash From Operating Activities $38.10M $47.60M $36.30M
YoY Change 5.83% 31.13% 31.52%
INVESTING ACTIVITIES
Capital Expenditures -$17.90M -$13.70M -$6.900M
YoY Change 98.89% 98.55% 46.81%
Acquisitions
YoY Change
Other Investing Activities $1.700M -$7.300M -$800.0K
YoY Change 325.0% 812.5% 700.0%
Cash From Investing Activities -$16.20M -$21.00M -$7.700M
YoY Change 88.37% 172.73% 60.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -33.60M -25.00M -27.10M
YoY Change 38.27% -7.75% 88.19%
NET CHANGE
Cash From Operating Activities 38.10M 47.60M 36.30M
Cash From Investing Activities -16.20M -21.00M -7.700M
Cash From Financing Activities -33.60M -25.00M -27.10M
Net Change In Cash -11.70M 1.600M 1.500M
YoY Change -477.42% 6.67% -82.14%
FREE CASH FLOW
Cash From Operating Activities $38.10M $47.60M $36.30M
Capital Expenditures -$17.90M -$13.70M -$6.900M
Free Cash Flow $56.00M $61.30M $43.20M
YoY Change 24.44% 41.9% 33.75%

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CY2015Q3 evtc Cost Of Revenues Excluding Depreciation And Amortization
CostOfRevenuesExcludingDepreciationAndAmortization
44821000
CY2015Q3 evtc Rent And Other Fees Paid To Related Party
RentAndOtherFeesPaidToRelatedParty
1831000
CY2015Q3 evtc Merchant Acquiring Net
MerchantAcquiringNet
20784000
CY2015Q3 evtc Business Solutions
BusinessSolutions
44492000

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