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Unaudited Consolidated Condensed Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Merchant acquiring, net $ 23,506 $ 23,277 $ 45,991 $ 46,167
Payment processing (from affiliates: $8,526, $7,951, $16,649 and $15,806) 30,693 28,157 60,809 55,132
Business solutions (from affiliates: $36,416, $35,660, $73,306 and $70,958) 49,312 46,238 97,991 91,852
Total revenues 103,511 97,672 204,791 193,151
Operating costs and expenses        
Cost of revenues, exclusive of depreciation and amortization shown below 43,030 41,966 87,203 85,374
Selling, general and administrative expenses 14,588 12,573 25,419 23,408
Depreciation and amortization 15,899 14,941 31,583 29,611
Total operating costs and expenses 73,517 69,480 144,205 138,393
Income from operations 29,994 28,192 60,586 54,758
Non-operating income (expenses)        
Interest income 216 92 401 179
Interest expense (7,406) (6,138) (14,442) (12,016)
Earnings (losses) of equity method investment 115 29 258 (101)
Other income 1,363 860 2,637 1,258
Total non-operating expenses (5,712) (5,157) (11,146) (10,680)
Income before income taxes 24,282 23,035 49,440 44,078
Income tax expense 4,068 2,801 6,088 4,677
Net income 20,214 20,234 43,352 39,401
Less: Net income (loss) attributable to non-controlling interest 125 (1) 234 18
Net income attributable to EVERTEC, Inc.’s common stockholders 20,089 20,235 43,118 39,383
Other comprehensive (loss) income, net of tax of $(18), $442, $19 and $446        
Foreign currency translation adjustments (1,956) (2,047) (2,601) (1,579)
(Loss) gain on cash flow hedge (242) (1,475) 376 (4,547)
Total comprehensive income attributable to EVERTEC, Inc.’s common stockholders $ 17,891 $ 16,713 $ 40,893 $ 33,257
Net income per common share - basic attributable to EVERTEC, Inc.’s common stockholders (usd per share) $ 0.28 $ 0.27 $ 0.59 $ 0.53
Net income per common share - diluted attributable to EVERTEC, Inc.’s common stockholders (usd per share) 0.27 0.27 0.59 0.53
Cash dividends declared per share (usd per share) $ 0.10 $ 0.10 $ 0.20 $ 0.20