SEGMENT INFORMATION Financial Information (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Sep. 30, 2015 |
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2014 |
Sep. 30, 2014 |
Jun. 30, 2014 |
Mar. 31, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|
Segment information | |||||||||||
Revenues | $ 1,748,854 | $ 1,589,117 | $ 1,500,618 | $ 1,601,157 | $ 1,485,749 | $ 1,319,133 | $ 1,265,158 | $ 1,232,900 | $ 6,439,746 | $ 5,302,940 | $ 4,319,063 |
Income (loss) before income taxes | 274,718 | 205,413 | 205,008 | 246,537 | 144,111 | 260,177 | 219,608 | 214,045 | 931,676 | 837,941 | 793,412 |
Interest expense, net | 330,184 | 260,526 | 305,500 | ||||||||
Operating income (loss) | 364,082 | $ 287,511 | $ 285,723 | $ 324,544 | 212,494 | $ 321,641 | $ 282,540 | $ 281,792 | 1,261,860 | 1,098,467 | 1,098,912 |
Depreciation and amortization | 492,140 | 313,082 | 216,119 | ||||||||
Stock compensation expense | 91,381 | 72,462 | 59,183 | ||||||||
Earn-out obligation | 105,944 | ||||||||||
Business acquisition costs | 7,301 | ||||||||||
Regulatory settlement | 64,563 | ||||||||||
Adjusted EBITDA | 1,909,944 | 1,597,256 | 1,374,214 | ||||||||
Less: Securitization funding costs | 97,109 | 91,103 | 95,326 | ||||||||
Less: Interest expense on deposits | 53,630 | 37,543 | 29,111 | ||||||||
Less: Adjusted EBITDA attributable to non-controlling interest | 30,935 | 43,050 | |||||||||
Adjusted EBITDA, net | 1,728,270 | 1,425,560 | 1,249,777 | ||||||||
Capital expenditures | 191,683 | 158,694 | 135,376 | ||||||||
Total assets | 22,421,830 | 20,263,977 | 22,421,830 | 20,263,977 | 13,244,257 | ||||||
Operating segment | LoyaltyOne | |||||||||||
Segment information | |||||||||||
Revenues | 1,352,639 | 1,406,877 | 919,480 | ||||||||
Income (loss) before income taxes | 205,705 | 244,438 | 230,992 | ||||||||
Interest expense, net | 2,481 | 5,861 | (1,312) | ||||||||
Operating income (loss) | 208,186 | 250,299 | 229,680 | ||||||||
Depreciation and amortization | 82,484 | 88,710 | 18,057 | ||||||||
Stock compensation expense | 10,829 | 11,549 | 10,804 | ||||||||
Adjusted EBITDA | 301,499 | 350,558 | 258,541 | ||||||||
Less: Adjusted EBITDA attributable to non-controlling interest | 30,935 | 43,050 | |||||||||
Adjusted EBITDA, net | 270,564 | 307,508 | 258,541 | ||||||||
Capital expenditures | 35,650 | 31,751 | 28,713 | ||||||||
Total assets | 1,988,467 | 2,362,722 | 1,988,467 | 2,362,722 | 1,100,396 | ||||||
Operating segment | Epsilon | |||||||||||
Segment information | |||||||||||
Revenues | 2,140,676 | 1,522,423 | 1,380,344 | ||||||||
Income (loss) before income taxes | 134,890 | 126,461 | 131,406 | ||||||||
Interest expense, net | (26) | (49) | (56) | ||||||||
Operating income (loss) | 134,864 | 126,412 | 131,350 | ||||||||
Depreciation and amortization | 327,007 | 157,353 | 139,984 | ||||||||
Stock compensation expense | 46,499 | 25,335 | 18,365 | ||||||||
Adjusted EBITDA | 508,370 | 309,100 | 289,699 | ||||||||
Adjusted EBITDA, net | 508,370 | 309,100 | 289,699 | ||||||||
Capital expenditures | 106,445 | 85,906 | 67,024 | ||||||||
Total assets | 4,737,688 | 5,014,947 | 4,737,688 | 5,014,947 | 2,116,569 | ||||||
Operating segment | Card Services | |||||||||||
Segment information | |||||||||||
Revenues | 2,974,365 | 2,395,076 | 2,034,724 | ||||||||
Income (loss) before income taxes | 915,862 | 851,843 | 730,568 | ||||||||
Interest expense, net | 150,739 | 124,906 | 122,159 | ||||||||
Operating income (loss) | 1,066,601 | 976,749 | 852,727 | ||||||||
Depreciation and amortization | 73,020 | 58,884 | 52,277 | ||||||||
Stock compensation expense | 15,241 | 13,905 | 11,095 | ||||||||
Regulatory settlement | 64,563 | ||||||||||
Adjusted EBITDA | 1,219,425 | 1,049,538 | 916,099 | ||||||||
Less: Securitization funding costs | 97,109 | 91,103 | 95,326 | ||||||||
Less: Interest expense on deposits | 53,630 | 37,543 | 29,111 | ||||||||
Adjusted EBITDA, net | 1,068,686 | 920,892 | 791,662 | ||||||||
Capital expenditures | 35,697 | 29,932 | 27,909 | ||||||||
Total assets | 15,421,151 | 12,645,228 | 15,421,151 | 12,645,228 | 9,677,651 | ||||||
Corporate/Other. | |||||||||||
Segment information | |||||||||||
Revenues | 321 | 556 | 82 | ||||||||
Income (loss) before income taxes | (324,781) | (384,801) | (299,554) | ||||||||
Interest expense, net | 176,990 | 129,808 | 184,709 | ||||||||
Operating income (loss) | (147,791) | (254,993) | (114,845) | ||||||||
Depreciation and amortization | 9,629 | 8,135 | 5,801 | ||||||||
Stock compensation expense | 18,812 | 21,673 | 18,919 | ||||||||
Earn-out obligation | 105,944 | ||||||||||
Business acquisition costs | 7,301 | ||||||||||
Adjusted EBITDA | (119,350) | (111,940) | (90,125) | ||||||||
Adjusted EBITDA, net | (119,350) | (111,940) | (90,125) | ||||||||
Capital expenditures | 13,891 | 11,105 | 11,730 | ||||||||
Total assets | $ 274,524 | $ 241,080 | 274,524 | 241,080 | 349,641 | ||||||
Eliminations | |||||||||||
Segment information | |||||||||||
Revenues | $ (28,255) | $ (21,992) | $ (15,567) |