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Evercore EVR Investment Management — Amortization Of Certain Intangible Assets

Discontinued — last reported Q4 '18

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Other financials

Income statement

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Revenue$1.4B+100%
Net income$301.2M+106%
EPS (diluted)$7.20+107%

Balance sheet

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Cash & equivalents$996.1M+77.0%
Total debt$1.1B+29.6%
Total equity$1.8B+18.3%
Total assets$4.3B+31.9%

Cash flow

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Operating cash flow-$225.9M+58.9%
CapEx$3.1M-84.2%
Free cash flow-$229.0M+59.8%

Valuation

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Market cap$14.38B+51.3%
Enterprise value$14.48B+47.3%
P/E19.3×-2.4×
P/S3.2×+0.1×

Profitability

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Net margin16.4%+2.2pp
FCF margin33.4%+11.8pp

Returns & leverage

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Return on equity45.4%+15.7pp
Debt / equity0.6×+0.1×
Current ratio2.8×-0.5×

Where this comes from

Reported directly by Evercore in its filing.

Tagged under the XBRL concept evr:AmortizationOfCertainIntangibleAssets.

The official record: Evercore’s 10-K, filed February 22, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does investment management — amortization of certain intangible assets mean?
The annual non-cash cost of writing down the value of acquired intangible assets in the investment management business.
How do you interpret investment management — amortization of certain intangible assets?
Higher amortization indicates significant past acquisition activity; a sudden increase may suggest a recent large acquisition, while a decrease suggests older assets are becoming fully amortized.
How does investment management — amortization of certain intangible assets compare across companies?
Standard across asset management firms; peers with aggressive M&A strategies typically report higher levels of this expense.