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Component: (Network and Table)
Network
1047 - Disclosure - Segment Information (Tables)
(http://www.evertecinc.com/taxonomy/role/NotesToFinancialStatementsSegmentReportingDisclosureTextBlockTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Segment Reporting [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Segment Reporting [Abstract]
 
Information about Operations by Business Segments

The following tables set forth information about the Company’s operations by its three business segments for the periods indicated:

 

(Dollar amounts in thousands)   Merchant
Acquiring, net
    Payment
Processing
    Business
Solutions
    Other     Total  

Year ended December 31, 2016

         

Revenues

  $ 91,248     $ 144,366     $ 186,752     $ (32,859 ) (1)    $ 389,507  

Income from operations

    31,051       52,071       56,794       (32,771 ) (2)      107,145  

Year ended December 31, 2015

         

Revenues

    85,411       136,566       179,797       (28,246 ) (1)      373,528  

Income from operations

    36,466       55,429       50,200       (38,735 ) (2)      103,360  

Year ended December 31, 2014

         

Revenues

    79,136       131,381       177,939       (26,668 ) (1)      361,788  

Income from operations

    34,362       58,796       48,299       (44,470 ) (2)      96,987  

 

(1)  Represents the elimination of intersegment revenues for services provided by the Payment Processing segment to the Merchant Acquiring segment, and other miscellaneous intersegment revenues.
(2)  Primarily represents non-operating depreciation and amortization expenses generated as a result of the Merger and certain non-recurring fees and expenses.
 
 
Reconciliation of Income from Operations to Consolidated Net Income

The reconciliation of income from operations to consolidated net income is as follows:

 

     Years ended December 31,  
(Dollar amounts in thousands)    2016      2015      2014  

Segment income from operations

        

Merchant Acquiring

   $ 31,051      $ 36,466      $ 34,362  

Payment Processing

     52,071        55,429        58,796  

Business Solutions

     56,794        50,200        48,299  
  

 

 

    

 

 

    

 

 

 

Total segment income from operations

     139,916        142,095        141,457  

Merger related depreciation and amortization and other unallocated expenses (1)

     (32,771      (38,735      (44,470
  

 

 

    

 

 

    

 

 

 

Income from operations

   $ 107,145      $ 103,360      $ 96,987  
  

 

 

    

 

 

    

 

 

 

Interest expense, net

     (24,240      (23,771      (25,444

Earnings of equity method investment

     (52      147        1,140  

Other income (expenses)

     544        2,306        2,375  

Income tax (expense) benefit

     (8,271      3,335        (8,901
  

 

 

    

 

 

    

 

 

 

Net income

   $ 75,126      $ 85,377      $ 66,157  
  

 

 

    

 

 

    

 

 

 

 

(1)  Primarily represents non-operating depreciation and amortization expenses generated as a result of the Merger and certain non-recurring fees and expenses.
 
 
Geographic Segment Information Based on Geographic Location of Subsidiaries

The geographic segment information below is classified based on the geographic location of the Company’s subsidiaries:

 

     Years ended December 31,  
(Dollar amounts in thousands)    2016      2015      2014  

Revenues (1)

        

Puerto Rico

   $ 326,073      $ 322,319      $ 313,228  

Caribbean

     16,272        12,154        13,752  

Latin America

     47,162        39,055        34,808  
  

 

 

    

 

 

    

 

 

 

Total revenues

   $ 389,507      $ 373,528      $ 361,788  
  

 

 

    

 

 

    

 

 

 

 

(1)  Revenues are based on subsidiaries’ country of domicile.