$EVTC
Evertec Inc

2016 Q2 Form 10-Q Financial Statement

#000119312516668481 Filed on August 02, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $97.67M $93.41M
YoY Change 4.57% 2.27%
Cost Of Revenue $539.0K $426.0K
YoY Change 26.53% -28.4%
Gross Profit $97.13M $92.98M
YoY Change 4.47% 2.47%
Gross Profit Margin 99.45% 99.54%
Selling, General & Admin $12.57M $8.948M
YoY Change 40.51% -14.48%
% of Gross Profit 12.94% 9.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.400M $3.300M
YoY Change 3.03% -13.16%
% of Gross Profit 3.5% 3.55%
Operating Expenses $12.57M $8.948M
YoY Change 40.51% -14.48%
Operating Profit $28.19M $27.45M
YoY Change 2.71% 7.94%
Interest Expense $6.138M $6.210M
YoY Change -1.16% -4.48%
% of Operating Profit 21.77% 22.63%
Other Income/Expense, Net -$5.157M -$5.235M
YoY Change -1.49% -8.06%
Pretax Income $23.04M $22.21M
YoY Change 3.71% 12.55%
Income Tax $2.801M $2.645M
% Of Pretax Income 12.16% 11.91%
Net Earnings $20.24M $19.57M
YoY Change 3.41% 10.09%
Net Earnings / Revenue 20.72% 20.95%
Basic Earnings Per Share $0.27 $0.25
Diluted Earnings Per Share $0.27 $0.25
COMMON SHARES
Basic Shares Outstanding 74.71M shares 77.46M shares
Diluted Shares Outstanding 75.02M shares 77.70M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.70M $38.80M
YoY Change -7.99% 39.57%
Cash & Equivalents $35.73M $38.84M
Short-Term Investments
Other Short-Term Assets $29.60M $30.30M
YoY Change -2.31% 1.68%
Inventory
Prepaid Expenses
Receivables $72.16M $71.09M
Other Receivables $0.00 $0.00
Total Short-Term Assets $137.5M $140.2M
YoY Change -1.94% 8.54%
LONG-TERM ASSETS
Property, Plant & Equipment $35.36M $31.63M
YoY Change 11.8% 7.68%
Goodwill $372.0M $368.9M
YoY Change 0.84% -0.08%
Intangibles
YoY Change
Long-Term Investments $12.19M $12.25M
YoY Change -0.47% 8.54%
Other Assets $4.544M $9.880M
YoY Change -54.01% -28.12%
Total Long-Term Assets $727.0M $740.1M
YoY Change -1.77% -3.97%
TOTAL ASSETS
Total Short-Term Assets $137.5M $140.2M
Total Long-Term Assets $727.0M $740.1M
Total Assets $864.5M $880.3M
YoY Change -1.8% -2.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.12M $19.13M
YoY Change -5.28% 34.21%
Accrued Expenses $34.37M $29.28M
YoY Change 17.39% 0.4%
Deferred Revenue
YoY Change
Short-Term Debt $20.00M $4.000M
YoY Change 400.0% -82.61%
Long-Term Debt Due $26.50M $19.00M
YoY Change 39.47% 0.0%
Total Short-Term Liabilities $105.6M $83.33M
YoY Change 26.71% -13.35%
LONG-TERM LIABILITIES
Long-Term Debt $604.7M $638.5M
YoY Change -5.3% -2.76%
Other Long-Term Liabilities $16.63M $2.856M
YoY Change 482.35% 1037.85%
Total Long-Term Liabilities $621.3M $641.4M
YoY Change -3.13% -2.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $105.6M $83.33M
Total Long-Term Liabilities $621.3M $641.4M
Total Liabilities $757.0M $744.0M
YoY Change 1.75% -3.85%
SHAREHOLDERS EQUITY
Retained Earnings $117.0M $89.35M
YoY Change 30.93% 79.77%
Common Stock $741.0K $775.0K
YoY Change -4.39% -1.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $104.0M $136.3M
YoY Change
Total Liabilities & Shareholders Equity $864.5M $880.3M
YoY Change -1.8% -2.18%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $20.24M $19.57M
YoY Change 3.41% 10.09%
Depreciation, Depletion And Amortization $3.400M $3.300M
YoY Change 3.03% -13.16%
Cash From Operating Activities $39.20M $46.60M
YoY Change -15.88% 24.27%
INVESTING ACTIVITIES
Capital Expenditures -$16.00M -$12.90M
YoY Change 24.03% 79.17%
Acquisitions
YoY Change
Other Investing Activities $1.000M $1.200M
YoY Change -16.67%
Cash From Investing Activities -$15.00M -$11.70M
YoY Change 28.21% 62.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -24.40M -28.60M
YoY Change -14.69% -3.7%
NET CHANGE
Cash From Operating Activities 39.20M 46.60M
Cash From Investing Activities -15.00M -11.70M
Cash From Financing Activities -24.40M -28.60M
Net Change In Cash -200.0K 6.300M
YoY Change -103.17% 950.0%
FREE CASH FLOW
Cash From Operating Activities $39.20M $46.60M
Capital Expenditures -$16.00M -$12.90M
Free Cash Flow $55.20M $59.50M
YoY Change -7.23% 33.11%

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dei Document Fiscal Period Focus
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dei Trading Symbol
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evtc Deferred Tax Assets Realized Increase In Equity Description
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2029000
CY2016Q2 evtc Rent Expense For Office Facilities And Real Estate
RentExpenseForOfficeFacilitiesAndRealEstate
2000000
CY2016Q2 evtc Business Solutions Revenue From Affiliates
BusinessSolutionsRevenueFromAffiliates
35660000
CY2016Q2 evtc Deferred Territory Income Tax Expense Benefit
DeferredTerritoryIncomeTaxExpenseBenefit
-431000
CY2016Q2 evtc Business Solutions
BusinessSolutions
46238000
CY2016Q2 evtc Payment Processing Revenue From Affiliates
PaymentProcessingRevenueFromAffiliates
7951000
CY2016Q2 evtc Rent Expense For Telecommunications And Other Equipment
RentExpenseForTelecommunicationsAndOtherEquipment
1500000
CY2016Q2 evtc Cost Of Revenues Excluding Depreciation And Amortization
CostOfRevenuesExcludingDepreciationAndAmortization
41966000
CY2016Q2 evtc Credit Facility Amendment Fee
CreditFacilityAmendmentFee
3600000

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