| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Revenues (affiliates Note 14) | ||||||||
487,374 | 453,869 | 407,144 | 389,507 | - | - | - | - | - |
Merchant acquiring, net | ||||||||
- | - | - | - | - | 79,136 | 73,616 | 69,591 | 61,997 |
Payment processing (from affiliates: $8,004, $7,913, $24,653 and $23,718) | ||||||||
- | - | - | - | - | 104,713 | 100,104 | 95,607 | 85,691 |
Business solutions (from affiliates: $36,086, $35,109, $109,392 and $106,068) | ||||||||
- | - | - | - | - | 177,939 | 184,682 | 177,292 | 173,434 |
Revenues | ||||||||
- | - | - | - | 373,528 | 361,788 | 358,402 | 342,490 | 321,122 |
Operating costs and expenses | ||||||||
Cost of revenues, exclusive of depreciation and amortization | ||||||||
213,379 | 196,957 | 200,650 | 175,809 | 167,916 | 157,537 | 162,980 | 159,666 | 155,377 |
Selling, general and administrative expenses | ||||||||
61,411 | 68,717 | 56,161 | 46,986 | 37,278 | 41,276 | 38,810 | 31,686 | 33,339 |
Depreciation and amortization | ||||||||
68,082 | 63,067 | 64,250 | 59,567 | 64,974 | 65,988 | 70,366 | 71,492 | 69,891 |
Total operating costs and expenses | ||||||||
342,872 | 328,741 | 321,061 | 282,362 | 270,168 | 264,801 | 272,156 | 262,844 | 258,607 |
Income from operations | ||||||||
144,502 | 125,128 | 86,083 | 107,145 | 103,360 | 96,987 | 86,246 | 79,646 | 62,515 |
Non-operating income (expenses) | ||||||||
Interest income | ||||||||
1,217 | 787 | 716 | 377 | 495 | 328 | 236 | 320 | 797 |
Interest expense | ||||||||
28,811 | 30,044 | 29,861 | 24,617 | 24,266 | 25,772 | 37,417 | 54,331 | 50,957 |
Income (Loss) from Equity Method Investments | ||||||||
900 | 700 | 600 | -52 | 147 | 1,140 | 935 | 564 | 833 |
Other income (expenses) | ||||||||
- | - | - | - | - | - | - | 8,491 | - |
Other income, net | ||||||||
-1,169 | 2,602 | 2,657 | 544 | 2,306 | - | -75,682 | -8,491 | -18,201 |
Loss on extinguishment of debt | ||||||||
- | - | - | - | - | - | -58,464 | - | - |
Termination of consulting agreements | ||||||||
- | - | - | - | - | - | 16,718 | - | - |
Voluntary Retirement Program ("VRP") expense | ||||||||
- | - | - | - | - | - | - | - | 14,529 |
Other income, net | ||||||||
- | - | - | - | - | 2,375 | -500 | - | -3,672 |
Total non-operating expenses | ||||||||
-27,827 | -25,963 | -25,884 | -23,748 | -21,318 | -21,929 | -111,928 | -61,938 | -67,528 |
Income before income taxes | ||||||||
116,675 | 99,165 | 60,199 | 83,397 | 82,042 | 75,058 | -25,682 | 17,708 | -5,013 |
Income tax expense | ||||||||
12,975 | 12,596 | 4,780 | 8,271 | -3,335 | 8,901 | 1,435 | -59,658 | -29,227 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||
103,700 | 86,569 | 55,419 | 75,126 | 85,377 | 66,157 | - | - | - |
Less: Net income attributable to non-controlling interest | ||||||||
231 | 299 | 365 | 90 | 0 | - | - | - | - |
Net income attributable to EVERTEC, Inc.’s common stockholders | ||||||||
103,469 | 86,270 | 55,054 | 75,036 | 85,377 | 66,157 | -27,117 | 77,366 | 24,214 |
Other comprehensive income (loss), net of tax of $1,085 and $384 | ||||||||
Foreign currency translation adjustments | ||||||||
4,754 | -10,564 | -635 | -3,360 | -545 | - | - | - | - |
Loss on cash flow hedges | ||||||||
-10,974 | -2,377 | 2,178 | -1,449 | -515 | - | - | - | - |
Other comprehensive (loss) income, net of tax of $176, $8 and $4 Foreign currency translation adjustments | ||||||||
- | - | - | - | - | -6,948 | 1,268 | 476 | -1,176 |
Total comprehensive income attributable to EVERTEC, Inc.’s common stockholders | ||||||||
97,249 | 73,329 | 56,597 | 70,227 | 84,317 | 59,209 | -25,849 | 77,842 | 23,038 |
Net income per common share - basic attributable to EVERTEC, Inc.’s common stockholders (in usd per share) | ||||||||
1.44 | 1.19 | 0.76 | 1.01 | 1.11 | 0.84 | -0.34 | 1.06 | 0.33 |
Net income per common share - diluted attributable to EVERTEC, Inc.’s common stockholders (in usd per share) | ||||||||
1.41 | 1.16 | 0.76 | 1.01 | 1.11 | 0.84 | -0.34 | 1.01 | 0.33 |
Cash dividends declared per share (in usd per share) | ||||||||
- | - | - | 0.40 | 0.40 | 0.40 | - | - | - |