EVR FY 2023 Earnings Report — Evercore Inc. Revenue & Financial Results | Market Cap Arena

Evercore Inc.EVR

FY 2023 Earnings

Reported February 22, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$2.4B	—	—	—	—
Op. Income	$366M	—	—	—	—
Gross Margin	99.3%	—	—	—	—
Net Margin	10.5%	—	—	—	—
EPS (Diluted)	$6.37	—	—	—	—
Free Cash Flow	$438M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$17M
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.7B
SG&A Expenses	$1.7B
Other Expenses	$403M
Operating Expenses	$2.1B
Cost & Expenses	$2.1B
OPERATING INCOME	$366M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$366M
Income Tax Expense	$81M
Net Income from Continuing Ops	$285M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$255M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$255M
D&A	$2M
EBIT	$366M
EBITDA	$368M
EPS	$7
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$17M
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.7B
SG&A Expenses	$1.7B
Other Expenses	$403M
Operating Expenses	$2.1B
Cost & Expenses	$2.1B
OPERATING INCOME	$366M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$366M
Income Tax Expense	$81M
Net Income from Continuing Ops	$285M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$255M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$255M
D&A	$2M
EBIT	$366M
EBITDA	$368M
EPS	$7
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$255M
Depreciation & Amortization	$2M
Stock-Based Compensation	$515M
Deferred Income Tax	$0
Other Non-Cash Items	$40M
Change in Working Capital	-$355M
OPERATING CASH FLOW	$458M
Capital Expenditure	-$20M
Acquisitions (Net)	$0
Purchases of Investments	-$3.4B
Sales/Maturities of Investments	$3.5B
Other Investing Activities	-$628.0K
NET CASH FROM INVESTING	$16M
Net Debt Issuance	$0
Common Stock Repurchased	-$392M
Common Dividends Paid	-$128M
Other Financing Activities	-$37M
NET CASH FROM FINANCING	-$557M
FREE CASH FLOW	$438M
Net Change in Cash	-$67M

Balance Sheet

Item	Amount
Cash & Equivalents	$652M
Short-Term Investments	$0
Net Receivables	$397M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$516M
Goodwill	$125M
Intangible Assets	$0
Long-Term Investments	$1.4B
Tax Assets	$266M
Other Non-Current Assets	$321M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$3.7B
Account Payables	$26M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$62M
Long-Term Debt	$374M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$1.9B
Common Stock	$821.0K
Additional Paid-In Capital	$3.2B
Retained Earnings	$1.9B
Treasury Stock	-$3.5B
Accum. Other Comp. Income	-$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$206M
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$844M
Net Debt	$193M