EVERTEC Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 3, 2025
EVTC$33.40-0.4%Stored close · as of Nov 9, 2026
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Schedule IF-
Schedule I
EVERTEC, Inc. Condensed Financial Statements
Parent Company Only
Condensed Balance Sheets
| December 31, | ||
|---|---|---|
| (In thousands) | 2024 | 2023 |
| Assets | ||
| Current assets: | ||
| Cash | $1,683 | $2,118 |
| Prepaid expenses and other assets | 17 | 5,908 |
| Total current assets | 1,700 | 8,026 |
| Investment in subsidiaries, at equity | 482,665 | 617,025 |
| Deferred tax asset, net | 22,934 | 8,640 |
| Total assets | $507,299 | $633,691 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accrued liabilities | $280 | $374 |
| Accounts payable | 34,335 | 39,024 |
| Income tax payable | 160 | — |
| Total liabilities | $34,775 | $39,398 |
| Stockholders’ equity: | ||
| Common stock | 636 | 654 |
| Additional paid-in capital | 7,003 | 36,527 |
| Accumulated earnings | 599,608 | 538,903 |
| Accumulated other comprehensive (loss) income, net of tax | (134,723) | 18,209 |
| Total stockholders’ equity | 472,524 | 594,293 |
| Total liabilities and stockholders’ equity | $507,299 | $633,691 |
F - 52
Schedule I
Condensed Statements of Income and Comprehensive (Loss) Income
| Years ended December 31, | |||
|---|---|---|---|
| (In thousands) | 2024 | 2023 | 2022 |
| Non-operating income (expenses) | |||
| Equity in earnings of subsidiaries | $100,545 | $71,600 | $72,549 |
| Interest income | 592 | 497 | 290 |
| Other expenses | (2,037) | (1,956) | 166,745 |
| Income before income taxes | 99,100 | 70,141 | 239,584 |
| Income tax (expense) benefit | (13,520) | (9,581) | 575 |
| Net income | 112,620 | 79,722 | 239,009 |
| Other comprehensive (loss) income, net of tax | |||
| Foreign currency translation adjustments | (152,851) | 38,328 | 12,490 |
| (Loss) gain on cash flow hedges | (74) | (3,618) | 19,215 |
| Unrealized loss on change in fair value of debt securities available-for-sale | (7) | (15) | (68) |
| Total comprehensive (loss) income | $(40,312) | $114,417 | $270,646 |
Condensed Statements of Cash Flows
| Years ended December 31, | |||
|---|---|---|---|
| (In thousands) | 2024 | 2023 | 2022 |
| Cash flows from operating activities | $104,701 | $55,515 | $116,052 |
| Cash flows from financing activities | |||
| Dividends paid | (12,873) | (13,025) | (13,772) |
| Repurchase of common stock | (82,293) | (36,096) | (96,595) |
| Withholding taxes paid on share-based compensation | (9,970) | (5,956) | (5,685) |
| Net cash used in financing activities | (105,136) | (55,077) | (116,052) |
| Net change in cash | (435) | 438 | — |
| Cash at beginning of the period | 2,118 | 1,680 | 1,680 |
| Cash at end of the period | $1,683 | $2,118 | $1,680 |
F - 53
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