Evertec, inc. (EVTC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
Revenues (affiliates Note 14)

121,942

127,186

118,804

122,548

118,836

118,231

112,017

113,347

110,274

-

102,725

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merchant acquiring, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,970

23,277

22,890

-

20,784

21,165

20,091

20,791

19,227

19,827

19,291

19,781

18,211

18,165

17,459

18,092

16,810

17,028

17,661

Payment processing (from affiliates: $8,004, $7,913, $24,653 and $23,718)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,584

28,157

26,975

-

27,502

26,759

26,377

27,022

25,848

26,618

25,225

26,976

24,731

24,285

24,112

25,621

23,284

23,803

22,899

Business solutions (from affiliates: $36,086, $35,109, $109,392 and $106,068)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,913

46,238

45,614

-

44,655

45,481

45,029

46,330

43,804

44,888

42,917

47,717

44,472

46,725

45,768

48,078

43,745

43,541

41,928

Revenues

-

-

-

-

-

-

-

-

-

-

102,725

103,511

101,280

-

94,467

97,672

95,479

95,685

92,941

93,405

91,497

94,143

88,879

91,333

87,433

94,474

87,414

89,175

87,339

91,791

83,839

84,372

82,488

Operating costs and expenses
Cost of revenues, exclusive of depreciation and amortization

54,067

58,881

51,878

52,601

50,019

50,942

49,464

49,131

47,420

50,748

62,699

43,030

44,173

48,682

41,753

41,966

43,408

42,821

44,141

41,004

39,950

41,756

38,862

39,051

37,868

41,804

38,903

41,771

40,502

41,197

40,897

39,831

37,741

Selling, general and administrative expenses

17,317

16,056

15,152

15,064

15,139

23,033

14,404

17,848

13,432

16,130

14,612

14,588

10,831

12,760

10,818

12,573

10,835

10,235

10,392

8,948

7,703

15,647

7,104

10,463

8,062

8,333

8,990

12,624

8,863

6,927

7,295

8,477

8,987

Depreciation and amortization

17,795

17,642

16,972

17,195

16,273

15,684

15,788

15,728

15,867

16,061

16,606

15,899

15,684

15,067

14,889

14,941

14,670

15,206

16,934

16,006

16,828

16,531

16,453

16,390

16,614

17,292

17,657

17,842

17,575

17,975

17,765

17,830

17,922

Total operating costs and expenses

89,179

92,579

84,002

84,860

81,431

89,659

79,656

82,707

76,719

82,939

93,917

73,517

70,688

76,509

67,460

69,480

68,913

68,262

71,467

65,958

64,481

73,934

62,419

65,904

62,544

67,429

65,550

72,237

66,940

66,099

65,957

66,138

64,650

Income from operations

32,763

34,607

34,802

37,688

37,405

28,572

32,361

30,640

33,555

16,689

8,808

29,994

30,592

25,380

27,007

28,192

26,566

27,423

21,474

27,447

27,016

20,209

26,460

25,429

24,889

27,045

21,864

16,938

20,399

25,692

17,882

18,234

17,838

Non-operating income (expenses)
Interest income

363

353

348

257

259

261

205

164

157

156

159

216

185

111

87

92

87

124

140

127

104

83

91

79

75

89

54

49

44

83

38

77

122

Interest expense

6,779

6,620

7,267

7,373

7,551

7,143

7,557

7,665

7,679

7,407

8,012

7,406

7,036

6,325

6,276

6,138

5,878

5,852

6,003

6,210

6,201

5,992

6,370

6,501

6,909

6,003

6,403

9,747

15,264

15,117

14,784

13,254

11,176

Income (Loss) from Equity Method Investments

338

174

371

133

222

88

238

175

199

187

155

115

143

6

43

29

-130

-49

-3

84

115

235

241

343

321

112

198

348

277

461

-472

509

66

Other income (expenses)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-448

2,353

-

-

-

8,397

-

Other income, net

108

-550

252

-1,079

208

724

1,130

-69

817

-172

192

1,363

1,274

-1,203

489

860

398

-

-

-

-

-

-249

385

1,991

1,338

448

-77,535

67

1,311

855

-8,397

-2,260

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-58,464

-

-

-

-

-

Termination of consulting agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,718

-

-

-

-

-

Other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

381

764

285

-

-

-

-

-

-

-

-

-

855

-

-

Total non-operating expenses

-5,970

-6,607

-6,296

-8,062

-6,862

-6,078

-5,984

-7,395

-6,506

-7,232

-7,506

-5,712

-5,434

-7,411

-5,657

-5,157

-5,523

-4,901

-5,485

-5,235

-5,697

-5,426

-6,287

-5,694

-4,522

-4,464

-5,703

-86,885

-14,876

-13,262

-14,363

-21,065

-13,248

Income before income taxes

26,793

28,000

28,506

29,626

30,543

22,494

26,377

23,245

27,049

9,457

1,302

24,282

25,158

17,969

21,350

23,035

21,043

22,522

15,989

22,212

21,319

14,783

20,173

19,735

20,367

22,581

16,161

-69,947

5,523

12,430

3,519

-2,831

4,590

Income tax expense

4,518

2,957

3,720

2,489

3,809

2,247

3,302

3,112

3,935

3,532

-4,840

4,068

2,020

1,955

1,639

2,801

1,876

592

-9,347

2,645

2,775

3,696

1,082

1,962

2,161

5,038

1,358

-5,012

51

-61,159

1,243

-798

1,056

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

22,275

25,043

24,786

27,137

26,734

20,247

23,075

20,133

23,114

5,925

6,142

20,214

23,138

16,014

19,711

20,234

19,167

21,930

25,336

19,567

18,544

-

-

-

-

-

-

-

-

-

-

-

-

Less: Net income attributable to non-controlling interest

64

30

32

79

90

48

78

81

92

91

40

125

109

41

31

-1

19

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to EVERTEC, Inc.’s common stockholders

22,211

25,013

24,754

27,058

26,644

20,199

22,997

20,052

23,022

5,834

6,102

20,089

23,029

15,973

19,680

20,235

19,148

21,930

25,336

19,567

18,544

11,087

19,091

17,773

18,206

17,543

14,803

-64,935

5,472

73,589

2,276

-2,033

3,534

Other comprehensive income (loss), net of tax of $1,085 and $384
Foreign currency translation adjustments

-8,305

1,040

-576

2,325

1,965

-4,339

-4,325

-4,307

2,407

-117

2,083

-1,956

-645

-740

-1,041

-2,047

468

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on cash flow hedges

-11,859

2,045

-2,922

-6,042

-4,055

-4,486

219

387

1,503

1,421

381

-242

618

3,015

83

-1,475

-3,072

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive (loss) income, net of tax of $176, $8 and $4 Foreign currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84

-87

889

-375

378

794

-7,745

-482

-210

-394

2,354

-2,075

215

1,230

1,106

Total comprehensive income attributable to EVERTEC, Inc.’s common stockholders

2,047

28,098

21,256

23,341

24,554

11,374

18,891

16,132

26,932

7,138

8,566

17,891

23,002

18,248

18,722

16,713

16,544

19,984

25,420

19,480

19,433

10,712

19,469

18,567

10,461

17,061

14,593

-65,329

7,826

71,514

2,491

-803

4,640

Net income per common share - basic attributable to EVERTEC, Inc.’s common stockholders (in usd per share)

0.31

0.35

0.34

0.38

0.37

0.27

0.32

0.28

0.32

0.08

0.08

0.28

0.32

0.21

0.27

0.27

0.26

0.29

0.33

0.25

0.24

0.14

0.24

0.23

0.23

0.22

0.18

-0.82

0.08

1.01

0.03

-0.03

0.05

Net income per common share - diluted attributable to EVERTEC, Inc.’s common stockholders (in usd per share)

0.30

0.34

0.34

0.37

0.36

0.27

0.31

0.27

0.31

0.10

0.08

0.27

0.31

0.22

0.26

0.27

0.26

0.29

0.33

0.25

0.24

0.15

0.24

0.22

0.23

0.23

0.18

-0.82

0.07

0.96

0.03

-0.03

0.05

Cash dividends declared per share (in usd per share)

-

-

-

-

-

-

-

-

-

-

0.10

0.10

0.10

0.10

0.10

0.10

0.10

0.10

0.10

0.10

0.10

-

-

-

-

-

-

-

-

-

-

-

-