Schedule I

EVERTEC, Inc.

Condensed Financial Statements

Parent Company Only

Condensed Balance Sheets


	December 31,
(Dollar amounts in thousands)	2012			2011
Assets
Current assets:
Cash	$	557		$	2,677
Prepaid expenses and other assets		6,378			—
Deferred tax asset		1,396			8,294

Total current assets		8,331			10,971
Investment in subsidiaries, at equity		133,325			353,055
Long-term deferred tax asset		—			2,150
Other long-term assets		2,847			—

Total assets	$	144,503		$	366,176

Liabilities and stockholders’ equity
Current liabilities:
Accrued liabilities	$	1,414		$	—

Total current liabilities		1,414			—
Long-term deferred tax liability, net		17,787			—
Other long-term liabilities		2,847			—

Total liabilities		22,048			—

Stockholders’ equity:
Common stock		728			726
Additional paid-in capital		52,155			363,130
Accumulated earnings		70,414			3,638
Accumulated other comprehensive loss, net of tax of $0 and $13		(842	)		(1,318	)

Total stockholders’ equity		122,455			366,176

Total liabilities and stockholders’ equity	$	144,503		$	366,176

Condensed Statements of Income and Comprehensive Income


	Years ended December 31,
(Dollar amounts in thousands)	2012			2011
Non-operating income (expenses)
Equity in earnings of subsidiaries	$	95,382		$	28,004
Interest income		5			37
Other expenses		(374	)		—

Total non-operating income (expenses)		95,013			28,041
Income before income taxes		95,013			28,041
Income tax expense		17,646			3,827

Net income		77,367			24,214
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		476			(1,176	)

Total comprehensive income	$	77,843		$	23,038

Condensed Statements of Cash Flows


	Years ended December 31,
(Dollar amounts in thousands)	2012			2011
Cash flows from operating activities	$	317,389		$	36

Cash flows from financing activities
Dividends paid		(319,959	)		—
Issuance of common stock		450			2,641

Net cash (used in) provided by financing activities		(319,509	)		2,641

Net (decrease) increase in cash		(2,120	)		2,677
Cash at beginning of the period		2,677			—

Cash at end of the period	$	557		$	2,677

Supplemental disclosure of non-cash activities:
Transfer of prepaid income taxes from subsidiary	$	6,719		$	—
Liability related to unvested portion of stock options as a result of equitable adjustment (Note 14)		3,151			—

On December 18, 2012, the parent company received a cash distribution from Holdings of approximately $50.3 million and used the proceeds of such distribution to pay a dividend to its stockholders and to pay an equitable adjustment to holders of vested options. The Board approved an equitable adjustment to stock options payable in form of a one-time cash bonus to holders of vested options and in the case of unvested options will be paid as the options vest.

On May 9, 2012, the parent company received a cash distribution from Holdings of approximately $269.8 million and used the proceeds of such distribution to pay a dividend to its stockholders. The Board approved an equitable adjustment to stock options in order to reduce the exercise price of the outstanding stock options.