Condensed Financial Statements Parent Company Only

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Statements Parent Company Only

EVERTEC, Inc. Condensed Financial Statements

Parent Company Only

Condensed Balance Sheets

	December 31,
(Dollar amounts in thousands)	2017			2016
Assets
Current assets:
Cash	$	1,679		$	3,278
Prepaid expenses and other assets	24			377
Prepaid income tax	1,594			21
Total current assets	3,297			3,676
Investment in subsidiaries, at equity	155,666			126,227
Total assets	$	158,963		$	129,903
Liabilities and stockholders’ equity
Current liabilities:
Accrued liabilities	$	224		$	1,697
Accounts payable	359			79
Total current liabilities	583			1,776
Deferred tax liability, net	8,660			11,641
Other long-term liabilities	5,608			11,810
Total liabilities	14,851			25,227
Stockholders’ equity:
Common stock	723			726
Additional paid-in capital	5,350			—
Accumulated earnings	148,887			116,341
Accumulated other comprehensive loss, net of tax	(10,848		)	(12,391		)
Total stockholders’ equity	144,112			104,676
Total liabilities and stockholders’ equity	$	158,963		$	129,903

Condensed Statements of Income and Comprehensive Income

	Years ended December 31,
(Dollar amounts in thousands)	2017			2016			2015
Non-operating income (expenses)
Equity in earnings of subsidiaries	$	49,162		$	75,373		$	81,161
Interest income	301			244			232
Other expenses	(1,428		)	(1,351		)	(1,686		)
Income before income taxes	48,035			74,266			79,707
Income tax benefit	(7,019		)	(770		)	(5,670		)
Net income	55,054			75,036			85,377
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(635		)	(3,360		)	(545		)
Gain (loss) on cash flow hedge	2,178			(1,449		)	(515		)
Total comprehensive income	$	56,597		$	70,227		$	84,317

Condensed Statements of Cash Flows

	Years ended December 31,
(Dollar amounts in thousands)	2017			2016			2015
Cash flows from operating activities	$	29,422		$	71,795		$	86,237
Cash flows from financing activities
Dividends paid	(21,762		)	(29,696		)	(30,921		)
Repurchase of common stock	(7,671		)	(39,946		)	(54,949		)
Withholding taxes paid on share-based compensation	(1,588		)	(548		)	(306		)
Net cash used in financing activities	(31,021		)	(70,190		)	(86,176		)
Net increase in cash	(1,599		)	1,605			61
Cash at beginning of the period	3,278			1,673			1,612
Cash at end of the period	$	1,679		$	3,278		$	1,673