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Unaudited Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenues (affiliates Note 16) $ 173,198 $ 145,803 $ 500,088 $ 456,622
Operating costs and expenses        
Cost of revenues, exclusive of depreciation and amortization 81,280 76,272 238,149 215,244
Selling, general and administrative expenses 30,437 26,001 83,834 66,436
Depreciation and amortization 21,919 19,712 63,680 58,432
Total operating costs and expenses 133,636 121,985 385,663 340,112
Income from operations 39,562 23,818 114,425 116,510
Non-operating income (expenses)        
Interest income 1,926 807 5,162 2,279
Interest expense (5,709) (6,763) (16,992) (18,242)
Loss on foreign currency remeasurement (2,806) (7,779) (7,337) (6,858)
Loss on foreign currency swap (29,225) 0 (29,225) 0
Earnings of equity method investment 1,197 688 3,828 2,120
Gain on sale of business 0 135,642 0 135,642
Other income, net 153 374 2,754 1,621
Total non-operating (expenses) income (34,464) 122,969 (41,810) 116,562
Income before income taxes 5,098 146,787 72,615 233,072
Income tax (benefit) expense (4,858) 9,048 4,546 22,911
Net income 9,956 137,739 68,069 210,161
Less: Net loss attributable to non-controlling interest (80) (75) (174) (140)
Net income attributable to EVERTEC, Inc.’s common stockholders 10,036 137,814 68,243 210,301
Other comprehensive income (loss), net of tax of $329, $716, $18 and $1,442        
Foreign currency translation adjustments (11,332) 4,125 9,426 (210)
Gain on cash flow hedges 3,468 5,762 3,739 18,824
Unrealized loss on change in fair value of debt securities available-for-sale (11) (21) (31) (77)
Total comprehensive income attributable to EVERTEC, Inc.’s common stockholders $ 2,161 $ 147,680 $ 81,377 $ 228,838
Net income per common share - basic attributable to EVERTEC, Inc.’s common stockholders (in usd per share) $ 0.16 $ 2.08 $ 1.05 $ 3.01
Net income per common share - diluted attributable to EVERTEC, Inc.’s common stockholders (in usd per share) $ 0.15 $ 2.06 $ 1.04 $ 2.98