Cash flow Evercore Inc.

Equities

EVR

US29977A1051

Investment Banking & Brokerage Services

Market Closed - Nyse Other stock markets 16:00:02 2024-09-11 EDT			5-day change	1st Jan Change
231.62 ^USD	-0.97%		-2.30%	+35.41%

09-11	Analyst recommendations: Exxon Mobil, Accenture, Citigroup, Morgan Stanley...
09-11	Goldman Sachs Upgrades Evercore to Buy, $276 Price Target	MT

3e68d21dd58d318a0de93.NJM5J68IcbslxKCcYcEjkvOBCxyv164Q9jvtB3YO5RA.BqZUSZ5mXNNj9ZPuU5Zo2aDNaHTCrsYjsnObfQc6liRt2m9I2Vg-zFGy5Q

Published financial data: EVERCORE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Expense, Total	20.14M	21.41M	17.59M	16.85M	16.72M
Net Interest Income	-20.14M	-21.41M	-17.59M	-16.85M	-16.72M
Asset Management Fee	50.61M	54.4M	65.78M	64.48M	67.04M
Underwriting & Investment Banking Fee	1.93B	2.24B	3.2B	2.72B	2.28B
Gain (Loss) on Sale of Investments, Total (Rev)	14.52M	15.79M	30.19M	-27.23M	31.98M
Other Revenues, Total	30.94M	8.7M	2.22M	19.85M	65.98M
Revenues Before Provison For Loan Losses	2.01B	2.29B	3.29B	2.76B	2.43B
Total Revenues	2.01B	2.29B	3.29B	2.76B	2.43B
Salaries And Other Employee Benefits	1.2B	1.37B	1.85B	1.7B	1.66B
Cost of Services Provided, Total	286M	249M	261M	310M	342M
Depreciation & Amortization - (IS) - (Collected)	31.02M	26.24M	28.1M	27.71M	24.35M
Other Operating Expenses	42.02M	42.94M	40.63M	27.75M	41.14M
Total Operating Expenses	1.56B	1.69B	2.18B	2.06B	2.06B
Operating Income	449M	604M	1.11B	699M	362M
Income (Loss) on Equity Invest.	11M	14.4M	14.16M	8M	6.66M
Currency Exchange Gains (Loss)	-	-	-	-	-
EBT, Excl. Unusual Items	460M	619M	1.12B	707M	369M
Restructuring Charges	-2.85M	-43.32M	-8.55M	-3.13M	-2.92M
Total Merger & Related Restructuring Charges	-1.01M	-562K	-7K	-	-
Impairment of Goodwill	-2.92M	-	-	-	-
Gain (Loss) on Sale of Assets	-	-30.81M	-	-	-
Asset Writedown	-4.37M	-3.32M	-	-	-
Other Unusual Items	-	-	4.37M	-	-
EBT, Incl. Unusual Items	449M	541M	1.12B	704M	366M
Income Tax Expense	95.05M	128M	248M	173M	80.57M
Earnings From Continuing Operations	354M	413M	869M	531M	285M
Net Income to Company	354M	413M	869M	531M	285M
Minority Interest	-56.22M	-62.11M	-128M	-54.9M	-29.74M
Net Income - (IS)	297M	351M	740M	477M	255M
Net Income to Common Incl Extra Items	297M	351M	740M	477M	255M
Net Income to Common Excl. Extra Items	297M	351M	740M	477M	255M
Per Share Items
Net EPS - Basic	7.44	8.64	18.48	12.15	6.71
Basic EPS - Continuing Operations	7.44	8.64	18.48	12.15	6.71
Basic Weighted Average Shares Outstanding	39.99M	40.55M	40.05M	39.22M	38.1M
Net EPS - Diluted	6.89	8.22	17.08	11.61	6.37
Diluted EPS - Continuing Operations	6.89	8.22	17.08	11.61	6.37
Diluted Weighted Average Shares Outstanding	43.19M	42.62M	43.32M	41.04M	40.1M
Normalized Basic EPS	5.78	8.01	14.28	9.87	5.27
Normalized Diluted EPS	5.35	7.62	13.2	9.43	5.01
Dividend Per Share	2.24	2.35	2.72	2.88	3.04
Payout Ratio	32.55	30.4	16.05	26.71	50.05
Supplemental Items
Total Revenues (As Reported)	2.03B	2.29B	3.31B	2.78B	2.44B
Effective Tax Rate - (Ratio)	21.18	23.7	22.21	24.52	22.03
Current Domestic Taxes	99.42M	93.97M	193M	133M	63.04M
Current Foreign Taxes	6.13M	20.36M	25.64M	40.68M	20.43M
Total Current Taxes	106M	114M	219M	173M	83.46M
Deferred Domestic Taxes	-5.48M	10.53M	30.84M	5.04M	3.69M
Deferred Foreign Taxes	-5.02M	3.29M	-1.76M	-5.89M	-6.58M
Total Deferred Taxes	-10.5M	13.82M	29.08M	-855K	-2.89M
Normalized Net Income	231M	325M	572M	387M	201M
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	235M	207M	224M	271M	304M
Stock-Based Comp., Other (Total)	-	10.92M	-	-	-
Total Stock-Based Compensation	235M	218M	224M	271M	304M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	634M	830M	578M	663M	597M
Cash & Securities Segregated	-	-	-	-	-
Securities Owned	12.43M	-	-	-	-
Securities Purchased Under Agreements To Resell	13.57M	-	-	-	-
Accounts Receivable, Total	391M	469M	454M	560M	551M
Other Receivables	379K	441K	475K	368K	323K
Gross Property Plant And Equipment	444M	559M	578M	568M	729M
Accumulated Depreciation	-117M	-140M	-166M	-187M	-213M
Net Property Plant And Equipment	327M	419M	412M	381M	516M
Goodwill	131M	129M	128M	123M	125M
Other Intangibles, Total	2.3M	698K	336K	-	-
Investment In Debt and Equity Securities	375M	981M	1.51B	1.18B	1.23B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	360M	193M	361M	374M	330M
Deferred Tax Assets Long-Term (Collected)	269M	258M	248M	257M	266M
Deferred Charges Long-Term	-	-	9.42M	11.44M	17.04M
Other Long-Term Assets, Total	83.98M	91.12M	102M	71.19M	73.43M
Total Assets	2.6B	3.37B	3.8B	3.62B	3.7B
Liabilities
Accounts Payable, Total	39.73M	37.96M	31.63M	28.81M	25.99M
Accrued Expenses, Total	520M	879M	1.11B	918M	763M
Short-Term Borrowings	26M	851K	-	-	-
Current Portion of Long-Term Debt	-	37.97M	-	-	-
Current Portion of Leases	33.32M	42.87M	47.32M	37.97M	36.26M
Long-Term Debt	375M	339M	376M	372M	374M
Long-Term Leases	217M	300M	297M	278M	434M
Current Income Taxes Payable	3.4M	15.35M	20.98M	9.84M	5.42M
Unearned Revenue, Current	2.49M	9.37M	9.26M	5.07M	3.52M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	44.16M	40.98M	78.23M	70.36M	75.7M
Unearned Revenue Non Current	615K	147K	147K	-	-
Other Non Current Liabilities	211M	179M	196M	174M	203M
Total Liabilities	1.47B	1.88B	2.17B	1.89B	1.92B
Common Stock, Total	687K	722K	748K	797K	821K
Additional Paid In Capital	2.02B	2.27B	2.46B	2.86B	3.16B
Retained Earnings	558M	799M	1.42B	1.77B	1.89B
Treasury Stock	-1.68B	-1.82B	-2.55B	-3.07B	-3.45B
Comprehensive Income and Other	-27.6M	-9.76M	-12.09M	-27.94M	-26.54M
Total Common Equity	870M	1.23B	1.32B	1.54B	1.58B
Minority Interest	257M	258M	315M	190M	206M
Total Equity	1.13B	1.49B	1.64B	1.73B	1.78B
Total Liabilities And Equity	2.6B	3.37B	3.8B	3.62B	3.7B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40.64M	42.02M	38.4M	38.6M	38.68M
ECS Total Common Shares Outstanding	39.18M	40.75M	37.9M	38.35M	37.77M
Book Value / Share	22.2	30.21	34.84	40.08	41.75
Tangible Book Value	737M	1.1B	1.19B	1.41B	1.45B
Tangible Book Value Per Share	18.8	27.02	31.44	36.86	38.42
Total Debt	652M	720M	721M	688M	844M
Net Debt	-8.18M	-109M	143M	24.42M	248M
Equity Method Investments, Total	57.28M	59.51M	58.59M	36.9M	36.88M
Full Time Employees	1.9K	1.78K	1.93K	2.1K	2.17K
Part Time Employees	-	18	19.5	21.2	22

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	297M	351M	740M	477M	255M
Depreciation, Depletion & Amortization	23.28M	25.08M	28.29M	28.32M	2.39M
Amortization of Goodwill and Intangible Assets - (CF)	8.08M	1.6M	362K	336K	-
Total Depreciation, Depletion & Amortization	31.36M	26.68M	28.66M	28.65M	2.39M
(Gain) Loss On Sale of Asset - (CF)	-	35.25M	1.25M	-	-
(Gain) Loss on Sale of Investments - (CF)	-13.75M	-8.68M	-24.23M	16.46M	-34.67M
Total Asset Writedown	7.29M	3.32M	-	-	-
(Income) Loss On Equity Investments - (CF)	403K	-1.64M	1.1M	3.04M	-192K
Stock-Based Compensation (CF)	360M	367M	422M	467M	515M
Provision and Write-off of Bad Debts	10.45M	6.88M	-60K	5.51M	5.56M
Change in Accounts Receivable	5.24M	-78.57M	16.03M	-46.08M	11.27M
Change in Accounts Payable	-745K	-796K	-5.5M	-1.09M	-966K
Change In Income Taxes	-30.22M	11.95M	5.63M	-11.14M	-4.56M
Change in Other Net Operating Assets (Collected)	-238M	151M	1.39M	-503M	-361M
Other Operating Activities	74.98M	115M	198M	95.57M	69M
Cash from Operations	505M	978M	1.38B	531M	458M
Capital Expenditure	-70.82M	-53.33M	-27.97M	-23.19M	-20.05M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	679K	-	-	-
Investment in Marketable and Equity Securities, Total	-303M	-431M	-678M	336M	35.67M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-373M	-484M	-706M	313M	15.62M
Short Term Debt Issued, Total	30M	-	-	67M	-
Long-Term Debt Issued, Total	206M	-	38M	-	-
Total Debt Issued	236M	-	38M	67M	-
Short Term Debt Repaid, Total	-30M	-	-	-67M	-
Long-Term Debt Repaid, Total	-	-	-38M	-	-
Total Debt Repaid	-30M	-	-38M	-67M	-
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-333M	-147M	-730M	-550M	-392M
Common Dividends Paid	-96.8M	-107M	-119M	-127M	-128M
Common & Preferred Stock Dividends Paid	-96.8M	-107M	-119M	-127M	-128M
Other Financing Activities, Total	-65.63M	-53.8M	-76.87M	-58.02M	-37.4M
Cash from Financing	-290M	-308M	-925M	-736M	-557M
Foreign Exchange Rate Adjustments	2.57M	7.63M	-4.62M	-24.28M	17.02M
Net Change in Cash	-156M	194M	-251M	84.83M	-66.64M
Supplemental Items
Cash Interest Paid	16.4M	23.75M	17.33M	16.86M	16.18M
Cash Income Tax Paid (Refund)	155M	111M	192M	218M	74.64M
Net Debt Issued / Repaid	206M	-	0	0	-

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	14.97	13.83	24.22	14.32	7.79
Return On Equity %	33.14	31.55	55.59	31.62	16.26
Return on Common Equity	36.54	33.38	58.02	33.36	16.41
Margin Analysis
Gross Profit Margin %	93.25	95.91	97.23	95.54	93.88
SG&A Margin	67.26	66.56	61.46	68.22	76.26
Income From Continuing Operations Margin %	17.61	17.98	26.44	19.24	11.76
Net Income Margin %	14.81	15.28	22.53	17.25	10.53
Net Avail. For Common Margin %	14.81	15.28	22.53	17.25	10.53
Normalized Net Income Margin	11.51	14.15	17.41	14.01	8.27
Asset Turnover
Asset Turnover	0.85	0.77	0.92	0.74	0.66
Short Term Liquidity
Current Ratio	2.11	1.4	1.07	1.49	1.62
Quick Ratio	1.57	1.22	0.8	1.14	1.26
Operating Cash Flow to Current Liabilities	0.75	0.92	1.07	0.5	0.5
Long Term Solvency
Total Debt/Equity	57.86	48.38	44.09	39.84	47.37
Total Debt / Total Capital	36.65	32.6	30.6	28.49	32.14
LT Debt/Equity	52.59	42.89	41.2	37.64	45.34
Long-Term Debt / Total Capital	33.32	28.91	28.59	26.92	30.76
Total Liabilities / Total Assets	56.66	55.82	57	52.32	51.87
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.71	14.24	43.16	-15.92	-12.17
Gross Profit, 1 Yr. Growth %	-3.61	17.51	45.13	-17.39	-13.69
Earnings From Cont. Operations, 1 Yr. Growth %	-20.14	16.69	110.47	-38.82	-46.33
Net Income, 1 Yr. Growth %	-21.15	17.87	111.12	-35.62	-46.39
Normalized Net Income, 1 Yr. Growth %	-18.06	40.44	76.19	-32.33	-48.15
Diluted EPS Before Extra, 1 Yr. Growth %	-17.29	19.3	107.79	-32.03	-45.13
Common Equity, 1 Yr. Growth %	14.72	41.53	7.26	16.39	2.61
Total Assets, 1 Yr. Growth %	22.25	29.72	12.81	-4.78	2.27
Tangible Book Value, 1 Yr. Growth %	19.52	49.48	8.23	18.61	2.68
Cash From Operations, 1 Yr. Growth %	-40.59	93.85	41.55	-61.63	-13.82
Capital Expenditures, 1 Yr. Growth %	112.51	-24.69	-47.55	-17.1	-13.54
Dividend Per Share, 1 Yr. Growth %	17.89	4.91	15.74	5.88	5.56
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.83	5.42	27.88	9.71	-14.07
Gross Profit, 2 Yr. CAGR %	11.19	6.43	30.59	9.5	-15.56
Earnings From Cont. Operations, 2 Yr. CAGR %	40.48	-3.47	56.71	13.48	-42.7
Net Income, 2 Yr. CAGR %	53.98	-3.6	57.74	16.59	-41.25
Normalized Net Income, 2 Yr. CAGR %	12.28	7.27	57.3	9.19	-40.77
Diluted EPS Before Extra, 2 Yr. CAGR %	56.87	-0.66	57.45	18.84	-38.93
Common Equity, 2 Yr. CAGR %	26.45	27.42	23.21	11.74	9.28
Total Assets, 2 Yr. CAGR %	28.05	25.93	20.97