Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Transactions with Related Parties

The following table presents the Company’s transactions with related parties for each of the periods presented below:


	Years ended December 31,
(In thousands)	2021		2020		2019
Total revenues (1)(2)	$	245,613	$	226,074	$	209,053
Cost of revenues	$	2,610	$	4,317	$	5,094
Rent and other fees	$	7,487	$	8,320	$	8,519
Interest earned from an affiliate
Interest income	$	647	$	391	$	161

(1)Popular, Inc. ("Popular") revenues as a percentage of total revenues were 42%, 44% and 43%, respectively, for each of the periods presented above.

(2)Includes revenues generated from investee accounted for under the equity method of $0.3 million, $0.6 million and $1.1 million for the years ended December 31, 2021, 2020 and 2019, respectively.

Balances of Transactions with Related Parties

As of December 31, 2021 and 2020, EVERTEC had the following balances arising from transactions with related parties:


	December 31,
(In thousands)	2021		2020

Cash and restricted cash deposits in affiliated bank	$	187,602	$	126,189
Other due/to from affiliate
Accounts receivable	$	38,120	$	28,419
Prepaid expenses and other assets	$	1,763	$	4,678
Operating lease right-of use assets	$	13,533	$	17,099
Other long-term assets	$	2,853	$	—
Accounts payable	$	5,601	$	4,607
Unearned income	$	40,982	$	35,807
Operating lease liabilities	$	14,019	$	17,781